BUSINESS

GN Bank Ghana Limited, a Groupe Nduom company has obtained $20 million funding from the Overseas Private Investment Corporation (OPIC) to support its $27 million expansion project. The project which began some three years ago has already helped to address the challenges of access to safe banking and finance for poor and rural people across Ghana through the provision of ...

Cocoa farmers and agro-chemical dealers in the Western region, according to checks, have huge stocks of Lithovit Foliar fertiliser which they say is being well-patronised by cocoa farmers due to its effectiveness. Lithovit Foliar comprises ingredients which work well on cocoa. It contains Calcium Carbonate which releases Carbon Dioxide – a substrate for photosynthesis on cocoa. It also has primary ...

Finance Minister Ken Ofori-Atta will lead a delegation to Japan on the second leg of the Non-Deal Investor Roadshow to Japan. The visit from April 9 – 14, 2018 is expected to boost bilateral trade and economic relations with Japan. This is to boost government’s resolve to make Ghana the financial hub of West Africa and to diversify the sources ...

Banking giant Standard Chartered Bank has launched its World Cup campaign to facilitate cashless transactions at the upcoming tournament in Russia. The campaign targeted at the bank’s Visa Credit and Debit Card customers will among other benefits afford them the opportunity to win a package to watch the 2018 FIFA World Cup in Russia. This is a collaboration between the ...

The Institute for Energy Security (IES) has projected fuel price increases between 1 and 2 percent in the first pricing window of April barring any intervention from government. The energy think tank believes the imminent increase of fuel prices is as a result of international indicators as well as a slight depreciation of the local currency. According to Standard and ...

The Ministry of Energy has entered into a rental agreement with Trojan Power Limited (TPL), a local independent power producer, to use parts of government’s diesel generator units to generate power for off-take by the Electricity Company of Ghana (ECG) for further distribution to customers. This was contained in the Finance Committee report on the request for waiver of import ...

The Finance Minister Ken Ofori-Atta has attributed Africa’s debilitating youth unemployment challenges including Ghana’s to the failure of the continent’s economy to drive job creation. Speaking Thursday at the 5th African Policy Think Tank Summit in Accra, he said there are varied reasons for youth unemployment on the continent but “above all…the problem stems from our economies’ failure to create ...

The upgraded version of Ecobank’s revolutionary mobile app has attracted 3 million new customers in just 6 months, taking the total number of users to 4 million. The app builds on the core functionality that saw the original version applauded as a game changer for African banking by using digital technology to combat many of the financial inclusion barriers faced ...

The central bank is warning the public that Wyselink Microfinance is not licensed to take deposits. “Wyselink Microfinance Limited was operating with a forged Bank of Ghana licence number 000267 purported to have been issued on 30th October 2013, as well as a Certificate of Incorporation and Certificate to Commence Business, both issued on 20th March 2009,” the Bank of ...

The Bulk Oil Storage and Transport Company Limited (BOST) is reeling under massive debts, compelling it to run to the capital market to borrow a “whopping” $120,000.000.00, the Chamber of Petroleum Consumers Ghana has alleged. The said amount, according to COPEC in a statement it issued on Thursday April 5, is being sourced from the Ghana Commercial Bank (GCB). Last ...