BUSINESS

The Chief Executive Officer of the National Entrepreneurship and Innovation Plan, Mr. John Kumah says Akufo- Addo is committed to ensuring that Ghanaians engage in more entrepreneurship initiatives. According to him, the New Patriotic Party is fulfilling its manifesto promise of promoting the growth of entrepreneurship opportunities for young Ghanaians through various programmes deployed by the Ministry of Business Development. ...

The Ministry of Food and Agriculture has initiated a discussion with the management of Alibaba Group Holding Ltd for the possibility of promoting the sale of Ghanaian cocoa products on the Chinese market using the e-platform of Alibaba Group. Cocoa products When firmed up, the company will open its doors to the various range of Ghana cocoa chocolate such as ...

Alexander Kwamina Afenyo-Markin Member of Parliament(MP) for Effutu constituency in the Central Region, has revealed that the Central Bank is gradually backing off from the Menzgold saga. According to him, the Securities and Exchanges Commission (SEC) and the Bank of Ghana (BoG) appear to be operating on different wavelengths as far as the matter is concerned for which reason the ...

Energy Commercial Bank will today, Tuesday October 2, launch its Initial Public Offer to raise GHS340 million in shares from the Ghanaian investing public. The offer period which is expected to last for 30 days will be grace by several investors who have shown interest to acquire shares in the Bank. The Bank is floating millions of shares and the ...

Financial institutions remain key agents in promoting and maintaining national, regional and global economic stability. As such the failure of banks and other players in financial intermediation should be averted as much as possible to limit contagion i.e. systemic risk in the financial space. When do financial institutions fail? This happens when such institutions are unable to meet their obligation ...

The International Monetary Fund (IMF) has noted that Ghana’s “growth prospects remain strong” following its seventh review of the country’s economic programme. The IMF team which visited Ghana between September 17 to 27 to conduct the seventh review of Ghana’s Extended Credit Facility has published its preliminary findings on Ghana’s economic prospects. In a statement, the IMF team observed that ...

The beleaguered gold trading firm, Menzgold Ghana Limited, says the shape and projection of its business have been dislodged following the suspension of its operations over regulatory issues. The Securities and Exchange Commission (SEC) earlier this month ordered the gold trading firm, to suspend its operations with the public with immediate effect. In a September 7 letter, SEC said after ...

Beleaguered gold trading firm, Menzgold has sued the Bank of Ghana and the Security Exchanges Commission (SEC) over the suspension of its operations over regulatory issues. Menzgold in its writ is demanding among other things: “A declaration that the Plaintiff’s business does not fall within the present legislated scope of the Banks and Specialized Deposit -Taking Institutions Act 2016 (Act ...

The Securities and Exchange Commission (SEC) says it is uncertain when gold dealership company, Menzgold Ghana Limited, will be made to resume full operations. That, according to the SEC, was due to the unavailability of “specific detailed information” concerning the operations of the firm from its management. The SEC, however, says its order to Menzgold to shut down its gold ...

Gold-trading firm Menzgold Ghana Limited, has issued a statement saying the directive by the Securities and Exchange Commission (SEC) to the company to temporarily shutdown its Gold Vault Market operations, has made it “impossible” for the company to “trade” in gold “to generate any revenue whatsoever out of which Extra Values are charged and paid to those entitled”. In a ...