BUSINESS

Investor interest in the ongoing Initial Public Offer of Energy Commercial Bank has gone up following roadshows embarked upon by the Bank in Kumasi, Takoradi and Tamale. At the investor fora in these parts of the country last week, many investors-both retail and institutional expressed willingness to acquire shares in the Bank following it consistent performance over the years. Energy ...

President Akufo-Addo says the New Patriotic Party (NPP) and government would have no excuse to give if they fail to develop the country. He said, “Ghana has good human capital, and our economy has great possibilities for accelerated growth and job creation. The president indicated that “in recent years, admittedly, our economy has not done so well, and we have ...

GCB Bank has for the second time been adjudged the Most Compliant Focused Bank in Africa at the just ended Africa Compliance Professional awards (ACCPA) in Luanda, Angola. The award was organized by the Association of Certified Compliance Professionals in Africa (ACCPA). The awards climax a two day conference for Compliance Professionals in Africa under the theme “Improving Risk and ...

Despite efforts by the government to equip start-ups and entrepreneurs with finance and business advisory services, one challenge that cripples these businesses is the access to a ready market. It is for this reason that the Ministry of business development and national entrepreneurship and innovation plan (NEIP) has launched the Ghana Online Mall to expose startups and entrepreneurs access to ...

RE: PRESIDENT’S DISMISSAL OF GOV’T CEO IMPROPER – AUDIT SERVICE Our attention has been drawn to a story on your website/news portal, with respect to the above subject matter, published on 15m October, 2018. The story is based on a “strictly confidential Audit Observation Memorandum” dated 9th August, 2018, from the Audit Team Leader to the Chief Executive Officer, drawing ...

The Institute of Energy Security (IES) is predicting a marginal increase in fuel prices in its review of this month’s first pricing window, spanning October 1-15, 2018. The Institute attributed the expected increase to a rise in the average Brent crude price by 5.7 per cent with a corresponding increment in the prices of Gasoline and Gasoil on the international ...

The General Secretary for the Food and Beverages Manufacturers Association, Samuel Aggrey, has revealed that over 1500 staff of the various breweries in the country will be laid off by the end of October. According to Mr. Aggrey, over 1200 workers have already been laid off due to the economic hardships currently facing the country and the various taxes introduced ...

A freight forwarder, John Kwame Adu Jack has sued the Ghana Revenue Authority (GRA) and CTN Ghana Limited over the implementation of the controversial Cargo Tracking Note (CTN) system. Kwame Adu Jack wants the court to declare the planned implementation of the CTN as illegal. He also wants the court to place an injunction on the implementation of the system ...

MTN Ghana and Business World Magazine is set to host the 24th MTN Business World Executive Breakfast Meeting with Mac Attram, an International Business Coach leading the discussion on the theme Leading Teams to Greater Results through Authentic Communication. The Business Breakfast meeting is scheduled to take place on the 16th of October, 2018 at the Kempinski Hotel, the event ...

Menzgold has flagged as fake what appears like a cut newspaper article making rounds on social media suggesting that the company has filed for bankruptcy. The article among others claims Menzgold filed the broke-notice at the High Court in Accra this week. The development comes as customers of the gold trading firm continue to weary over the payment of their ...