BUSINESS

The future of banks that are majority owned by domestic private interest in Ghana can be challenged in the not distant future due to the strict application of the Basel II and III standards, GN Research has predicted. A research on local ownership of banks as against foreign ownership across Africa showed Cote D’Ivoire, Nigeria and South Africa as the ...

Vivo Energy Holding B.V. (“Vivo Energy”) has agreed to enter into a share transaction with Engen Holdings (Pty) Limited (“Engen Holdings”), a 100% subsidiary of Engen Limited, in relation to the purchase of shares in Engen International Holdings (Mauritius) Limited (“Engen International Holdings”) for the exchange of a shareholding in Vivo Energy, with a possible cash element. This transaction is ...

Government has two years to decide how it intends acquiring 25 percent shares in AirtelTigo, the Communication Minister Ursula Owusu Ekuful has said. According to her, the move is part of the conditions of the merger between the two telecom companies; government has the opportunity to acquire up to 25 percent shares in the merged entity. This is to encourage ...

Former deputy Power minister John Jinapor has predicted a hike in prices of petroleum products in the country if the Cedi continues to depreciate against the dollar. Currently, a dollar is to GHC4.60p and keeps rising. Analysts have blamed the development on market forces which government has no control over. Part of the blame has also been pushed to the ...

Christian group, Mighty Men of Valour (MMV) of the International Central Gospel Church (ICGC) Trinity Church in Kumasi, has formed a business network to support Christian businesses. The initiative is aimed at creating a network of Christian businesses and businessmen to support each other to grow and to foster the church’s development as well. The objectives of the group were ...

The CEO of Surfline Communication, David Rottmayer, has said recent media reports that Vodafone is making moves to acquire the company are false. A local news website recently alleged that Vodafone was making moves to acquire Surfline, citing supposed sources close to the negotiation. But the Surfline boss told Adom News “We are not in a discussion concerning acquisition at ...

Ghana sold ¢5.29 billion worth of long-term bonds on Thursday, dominated by re-openings of previous bond issues by the major commodity exporter to help restructure its high public debt, lead arrangers said. Ghana is grappling with budget deficits, inflation and a volatile local currency, all of which have forced the government to sign a $918 credit deal with the International Monetary ...

Baby Jet Airlines will commence business operations in 2018, according to the Director-General of the Ghana Civil Aviation Authority. According to the Ghana Civil Aviation Authority (GCAA) director, Simon Allotey, the company will start operations next year barring any last minute hitch during an interview with Citi FM. “If the company works very hard and their manuals are found satisfactory ...

Ghana’s First Lady Mrs. Rebecca Akufo-Addo has assured Chinese investors that their investments in Ghana will always be safe since the country is always stable and peaceful. Addressing the “2017 Ghana-Hunan Economic and Trade Conference” hosted by the China Council for the Promotion of International Trade (CCPIT), the First Lady touted Ghana’s credentials as a safe and profitable place for ...

Invest In Africa (IIA) has, in a bid to offer solutions to the challenges facing small businesses in the country, introduced projects that seek to address the skills gap, access to market, and access to finance by SMEs. In an interview with the B&FT at the SME CEO Summit held in Accra, Country Manager of IIA, Clarence Nartey, threw light ...