BUSINESS

The Bank of Ghana in consultation with the Ghana Association of Bankers reconstituted a Working Group to review the existing Base Rate model and develop a new framework for base rate determination. The objective of the review among others is to fulfil its commitment to move towards a more market-based model of base rate setting, in the medium to long-term. ...

The International Monetary Fund’s (IMF) board on Monday approved the next disbursement of about $190 million under Ghana’s aid program, two sources at the Washington-based lender told Reuters. The commodity exporter will begin a roadshow this week to market a $2.5 billion Eurobond issuance to restructure debt and support the government’s 2018 budget, a senior government official said. The West ...

Citi Business News has gathered that banks that have announced their intention of going to the stock market to raise funds to meet the 400 million cedis minimum capital requirement are calculating their time to raise the money due to limited funds. There have been concerns that investors on the stock market may not provide all the money needed by ...

The Minister of Finance, Mr Ken Ofori-Atta, has stated that the government is working assiduously to translate the improvement in the macroeconomic fundamentals into the creation of jobs. “We appreciate the concerns of the people that there are no jobs, but it will soon be over because we have worked hard to stabilise the economy and correct the macroeconomic imbalances ...

Senior Vice President of Groupe Nduom, Mrs Yvonne Nduom has been awarded the Best Female Entrepreneur for the year 2017 by the Entrepreneurs Foundation of Ghana (EFG). She was singled out as a successful female entrepreneur who has demonstrated entrepreneurial vision, business excellence and innovation. Mrs Nduom together with other distinguished Ghanaian entrepreneurs were honoured at the 8th Ghana Entrepreneur ...

The Ghana Revenue Authority (GRA) has served notice it will be taxing street beggars as part of moves to widen the tax net. The exercise will also target individuals, especially women selling Dubai Wax prints and other imports through door-to-door and neighboring nationals trading on bicycles in the Northern region. The Principal Revenue Chief at the Small Tax Payer Office ...

The Managing Director for OmniBank, Philip Oti-Mensah has charged entrepreneurs to aspire to go beyond the shores of Ghana. According to him, it is time Ghanaian companies are seen to be making impact especially in the African sub-region. “Dont be local champoins; go beyond borders and conquer territories” he stressed. Mr. Oti-Mensah made the call at the Eighth Ghana Entrepreneur ...

Chief Executive of Korle-Bu Teaching Hospital, Dr. Felix Anyah has been adjudged the overall best CEO (Private and Public Sector) of the Year, 2017. His compatriot at McDan shipping picked up the Entrepreneur of the year award with several others picking up different awards. The two were acknowledged at the 8th edition of the Ghana Entrepreneur and Corporate Executive Awards ...

Bayport Savings and Loans, a member of the Bayport Management Limited (BML) has launched the ‘We Are Bayport’ campaign. The campaign is aimed at providing all relevant information about Ghana’s leading payroll based lender and one of the biggest Savings and Loans company to their customers, investors, stakeholders, etc. ‘It is important to make information available to our customers, investors ...

Hundreds of textile workers are expected to demonstrate in Accra today, April 27, 2018 to protest the failure of the government’s taskforce to stop smuggling and sale of pirated wax prints. The anti-pirated textile taskforce was reconstituted in October last year with a mandate of checking smuggling of fake wax prints into the county. But the textile workers say this ...