BUSINESS

The Director General of the Security and Exchange Commission (SEC) Reverend Daniel Ogbarmey Tetteh has said most of the licenced asset management firms have locked up funds because they were exposed to some of the microfinance and savings and loans firms that have run into financial difficulty through counterparty default. The situation of counterparty default risk is what has impaired ...

The Managing Director of the Graphic Communications Group Limited, Mr Ato Afful, has called for an honest discussion on how to find sustainable solutions to the perennial depreciation of the cedi. Opening the Graphic Business/Stanbic Bank Breakfast Meeting this morning, Mr Afful said an honest discussion was needed to ensure that the right solutions were adopted to tackle the challenges ...

The Bank of Ghana has released the schedule for the payment of accrued mobile money interest to customers. The 2019 quarterly accrued interest payment dates are as follows: First Quarter – Sunday, 21 April 2019 Second Quarter – Sunday 21 July 2019 Third Quarter – Sunday, 20 October 2019 Fourth Quarter – Sunday, 19 January 2020 The interest payment to ...

The Managing Director of Stanbic Bank Ghana Limited, Mr Alhassan Andani, has appealed to Ghanaians not to talk ill about the cedi, explaining that such comments erode confidence in the currency, leading to increased depreciation. In his opening remarks at the ongoing Graphic Business/Stanbic Bank Breakfast Meeting, Mr Andani said Ghanaians shoukd rather be interested in how they could collectively ...

Chief Executive of the National Petroleum Authority (NPA) Hassan Tampuli says the NPA is exploring various options especially in the area of technology, to curtail the operations of petroleum fraudsters in the country. The NPA in February this year confiscated petroleum products smuggled into the country estimated to be about GHC1 million. The regulator said a total number of 28BRV, ...

Mobile telecommunications giant, Vodafone Ghana, is offering its Fixed Broadband customers, four days of unlimited browsing during this Easter festive period. The special promotion dubbed Unlimited Internet, will provide Fixed Broadband (FBB) customers an opportunity to enjoy limitless browsing from Good Friday to Easter Monday, in addition to a free weekend browsing. It also offers FBB users an opportunity to ...

The Bank of Ghana has expressed its frustration over the slow pace of work by the two receivers appointed in the aftermath of seven banks collapsing over the last two years. Speaking in an interview on the sidelines of IMF/World Bank Spring Meetings in Washington, DC, Dr. Ernest Addison said the Bank’s high expectations in recovering as much assets from ...

The African Development Bank is confident a newly secured $ 23 Million grant under the Agriculture Fast Track Fund, will go a long way to improve some aspects of the Agriculture value chain in Ghana. The funds, which will benefit 17 new projects in 8 countries, is expected to be used for feasibility studies, market analysis, environmental and social impact ...

The Ghana Revenue Authority (GRA) is to scrap the manual payment of Vehicle Income Tax (VIT) by commercial drivers, for which stickers are issued, and replace it with an electronic system. Under the new arrangement, commercial drivers can pay for their VIT through mobile money and enforcing officers, including the police, personnel of the GRA and the Driver and Vehicle ...

Inflation that’s projected to reach an eyeball-popping 8 million percent this year has left Venezuela saddled with the title of the world’s most miserable economy. The embattled South American nation topped the rankings of Bloomberg’s Misery Index, which sums inflation and unemployment outlooks for 62 economies, for the fifth straight year. Venezuela and a handful of others in the “most ...