BUSINESS

The Finance Minister Ken Ofori–Atta, has stated that government will not pay customers of gold dealership company, Menzgold their locked up investment. Describing the situation as disturbing, Mr. ofori Atta disclosed that the company has lots of customers from reputable state institutions such as the Ministry of Finance, Bank of Ghana and the military. “…As I look at the Ministry ...

Snippets of information picked up by Joy News indicate that two indigenous banks, GN Bank and Premium Bank are set to complete their merger processes by close of 31st December 2018. A source at the Central Bank disclosed that, “BoG has in principle agreed to the merger talks of GN Bank and Premium Bank and the two banks are forging ...

Menzgold Ghana Limited is calling on aggrieved customers of the company to back down on their planned nationwide demonstration. The company said although the customers have the right to stage such a protest, it believes that the action is unnecessary as it is honouring its promise of paying monies to the customers. The Head of Communications of the gold dealership ...

The Association of Small Scale Miners is warning that government risks losing millions of cedis if taxes placed on activities of small-scale miners are high. The association argues that high taxes could lead to smuggling. The government as part of measures to track tax revenue on gold exports, has moved the collection point for withholding tax for small scale mining ...

Kantanka Automobile will soon introduce electric vehicles (EV) onto the Ghanaian market. Already, the company has commenced efforts to locally build the vehicles to enhance the country’s drive towards the use of electric cars. Professor Kwabena Kwabena Frimpong-Boateng, the Minister of Environment, Science Technology and Innovation, disclosed this in a statement read on his behalf at a dissemination workshop on ...

The Professional and Managerial Staff Union (PMSU) of the Agricultural Development Bank (ADB) said it is opposed to the proposed merger of the Bank with the National Investment Bank (NIB). The PMSU said ADB was strong and had the muscle and human resource capital required to stand alone and to run the Bank profitably. Mr James Obeng-Gyan, the Chairman of ...

Country Manager for International Business Machines Corporation (IBM) Ghana, Angela Kyerematen-Jimoh, has underscored the need for the youth to use the internet wisely. Angela Kyerematen-Jimoh said a bad digital footprint could ruin the career of anyone hoping to get a job in any corporate or multinational company. She was delivering a lecture organised by the GIMPA School of Technology on ...

The Chairman of GN Bank, Dr Papa Kwesi Nduom, has expressed gratitude to the many stakeholders who had pulled the indigenous bank back into a good operating condition. He is confident that the goodwill shown will enable GN Bank to become the foundation for a formidable Ghanaian bank after December 31, 2018. Sharing these positive sentiments with the Daily Graphic ...

Depositors who have lost their savings and investments made with several microfinance institutions (MFIs), following their collapse, are now gearing up to demand that government pays them their monies on behalf of the now defunct institutions. Their demands are coming following the revelation by Finance Minister Ken Ofori-Atta last Thursday, as part of his 2019 budget proposals to Parliament, that ...

The Minority Leader, Haruna Iddrisu, has demanded accountability on about Ghc600 million earmarked for the rollout of Nation Builders Corps, (NABCO), in the 2018 budget presented to Parliament by the Finance Minister last year. According to the Minority Leader, Haruna Iddrisu, Parliament must be interested to demand proper accountability on that allocation approved in 2017 by the House. “Take off ...