BUSINESS

The clients of Menzgold Ghana Limited have been handed a lifeline in their quest to recoup their deposits from the troubled gold dealership firm. The Minister of Finance, Mr Ken Ofori-Atta during an interaction with officers of the Ghana Armed Forces (GAF) at the Burma Camp in Accra on Friday, February 22, assured the officers that the assets of Menzgold ...

The Management of Vodafone Ghana on Tuesday paid a courtesy call on the Communications Minister Ursula Owusu Ekuful. The visit was to introduce the telecom giant’s new Chief Executive Officer (CEO) in the person of Patricia Obo-Nai. Mrs Obo-Nai appointment takes effect from April 1, 2019, making her the first Ghanaian to be appointed CEO of Vodafone Ghana. Her appointment ...

Minority Spokesperson on Finance, Cassiel Ato Forson feels vindicated following the rapid depreciation of the cedi under the Akufo-Addo government. According to him, what the ruling New Patriotic Party (NPP) accused them off is coming back to haunt them. The performance of the cedi against major trading currencies was a significant campaign issue ahead of the 2016 elections . Dr. ...

Tullow Ghana is intensifying its priority on local content in the upstream oil and gas sector. To this end, the oil firm in its maiden HR mentoring program graduated 24 Human Resource professionals in a high impact capacity building project. The Program Director, HR and Business Services at Tullow Ghana, Irene Asare told JoyBusiness her outfit will be investing heavily ...

Since assuming office in 2017, our Finance Minister, Mr Ken Ofori-Atta, has used various schemes and strategies to enrich and empower his financial empire and impoverish other companies seen as his competitors or not aligned to his party, the New Patriotic Party. It started with the granting of juicy state contracts to his firm, Databank at the expense of qualified ...

IT Consortium, recently adjudged Ghana’s leading FinTech company at the 2018 edition of the prestigious Ghana Club 100 Awards, has become Ghana’s first FinTech company to obtain the ISO/IEC 27001:2013 certification. This certification further consolidates the company’s position as a market leader within the Ghanaian FinTech space. The ISO 27001 is an international standard, recognized globally for managing risks to ...

Management of the Ghana Gas Company has revealed that the Volta River Authority (VRA) owes the company 735 million dollars. The debt was incurred as a result of VRA’s inability to pay for gas supplied to power its thermal plants. The development according to Ghana Gas is affecting its financial status. Speaking at a press conference, the Head of Finance ...

About $30 million of the funding required for the construction of the newly built Terminal Three of the Kotoka International Airport (KIA) was sourced from oil revenues. The figure, which represents 12 per cent of the total funding of the $250 million project, was from the Annual Budget Funding Account’s (ABFA’s) allocation to the Ghana Infrastructure Investment Fund’s (GIIF’s) in ...

Former Finance Minister has urged Vice President Dr. Mahamudu Bawumia to desist from choosing and picking his economic figures on the country. According to him, Dr. Bawumia, despite knowing that the context and scenarios of the economic comparisons he draws between the NDC government and the current one are not the same, he continues to do them for political expedience. ...

Hundreds of aggrieved customers of troubled gold trading firm, Menzgold Ghana Limited, on Tuesday thronged the streets of Tarkwa in the Western region to demonstrate over their locked up funds. The customers for months have been demanding payment of their principal investments after the gold dealership company was instructed by the Securities and Exchange Commission (SEC) to halt operations. Several ...