BUSINESS

The Land and Natural Resources Minister, John Peter Amewu has said the Ministry expects the investigatory report into the circumstances leading to the collapse of the reclaim tunnel roof at Newmont Ghana’s Ahafo Mill expansion project to be ready by the end of this week. At least six persons lost their lives in the collapse which occurred Saturday April 7, ...

Vice President, Dr. Mahamudu Bawumia has announced governments intention to create 100,000 jobs under the Nation Builders Corps (NABCO) initiative will be launched May 1, 2018. President Nana Addo Dankwa Akufo-Addo is expected to launch NABCO on May Day which is aimed at tackling graduate unemployment in Ghana. The programme will operate seven modules designed to meet the pressing needs ...

Sub-Saharan Africa is seeing a “modest pickup in economic growth,” from a rise of 2.8 percent in 2017 to 3.4 percent in 2018, according to the International Monetary Fund (IMF). The IMF African Department reported on Friday the growth is helped by external conditions, including stronger global growth, higher commodity prices and favorable financing conditions. IMF’s African Department Director Abebe ...

Ecobank is inviting African fintech entrepreneurs to enter its Ecobank Fintech Challenge. Now in its second year, the initiative gives African start-ups the chance to promote their fintech solutions, and potentially to partner Ecobank in rolling-out their solutions across Ecobank’s 33 markets. Ecobank is currently welcoming submissions from all start-ups and developers in any of Africa’s 54 countries to enter its ...

The Ghana Revenue Authority (GRA), the Attorney-General’s Department and the Judicial Service have been sued over the introduction of the Tax Identification Number (TIN) policy. The Centre for Juvenile Delinquency, an NGO, is seeking to invoke the original jurisdiction of the Supreme Court on the consistency or otherwise of the law governing the TIN with other Constitutional provisions. The TIN ...

A renowned banking consultant has blamed the collapse of indigenous banks on the failure of corporate governance. Dr Williams Atulik said non-functioning loans and bad capital adequacy ratio are as a result of the failure of management to do as expected of them. “I will attribute a lot of these failures to board level and senior management inaction or acting ...

Fidelity Bank will meet the Bank of Ghana’s (BoG) minimum capital requirement of GHS400m by the 31 December 2018 deadline, the bank’s Managing Director, Jim Baiden, has said. Speaking to customers and officials of the Bank of Ghana at a customer appreciation dinner in Accra, Mr Baiden said the bank’s current capital position is very close to the new capital ...

Cocobod has announced plans to undertake a nationwide exercise to remove all swollen shoot-affected cocoa trees, to prevent the spread of the viral disease. The control programme, which has received government’s approval and is expected to commence soon, will include replanting over 1,000 hectares of cocoa trees in a 4-year period. The Executive Director, Cocoa Health and Extension Division (CHED) ...

Ghana’s leading mobile telecommunication network MTN has acknowledged the contribution customers are making to keep the company in business. The company believes the millions of customers connected to its network remain the backbone of their operations. The acknowledgement was made based on decades of customer loyalty and cordial relationship that has been existing between them which the company considered crucial to ...

The Millennium Development Authority (MiDA) has announced that Meralco Consortium has been selected to manage the Electricity Company of Ghana (ECG). “The Meralco Consortium was determined to have the highest combined technical and financial score and has therefore been designated as the Preferred Bidder,” MiDA said in a statement. Meralco Consortium, which is led by the Manila Electricity Company (Meralco), ...