BUSINESS

The Bank of Ghana has approved the takeover of Capital Bank and UT Bank by the GCB Bank Ltd. A statement by the Central Bank stated that it has “approved the Purchase and Assumption transaction with GCB Bank Ltd that transfers all deposits and selected assets of UT Bank Ltd and Capital Bank Ltd to GCB Bank Ltd.” The statement ...

Government is being urged to establish an independent body to promote transparency and accountability in the minerals mining sector. Government revenues from mining have declined and being surpassed by income from oil and gas despite over 100 years of mining. The sector scored 37 out of 100 points while oil and gas scored 65 out of 100 points in revenue ...

Head of Ghana Operations at Inlaks Limited, an information technology firm, Dzifa Abodakpi, has been adjudged as the Most Outstanding Female IT Country Executive at the 3rd Feminine Achievements Awards, which came off in Accra. A citation presented to her read: “Having overseen the sales and strategy functions at Global Solutions Ghana, now Inlaks Limited, your skills in negotiation, presentations ...

Airtel Ghana continues to demonstrate leadership and innovation in the use of Social Media to engage with customers and relevant stakeholders. At the Ghana ICT and Telecom Awards (GITTA) held recently, the Smartphone Network was presented with the “Most Innovative use of Social Media” Award, for the second consecutive year, in recognition of the company’s dexterity at using Social Media ...

Telecom operator, Tigo has successfully completed point-to-multipoint base stations in four major business districts across Ghana. Businesses and residents within the Accra, Kumasi, Takoradi and Sunyani central business districts now have access to affordable, reliable and wireless dedicated connectivity with speeds of up to 250Mbps. According to the Chief Technology and Information Officer for Tigo, Amir Abdelazim, the service is ...

The acting Chief Executive Officer of the Food and Drugs Authority Delese Mimi Darko has stated that her outfit is no longer at loggerheads with the Ghana Standards Authority. The Ghana Standards Authority (GSA) and the Food and Drugs Authority (FDA) have in the past clashed over which regulatory body has the mandate to regulate food and drugs in the ...

Cryptocurrency – or simply put, digital currency that uses cryptography as security – and blockchain, the technology it runs on, provide opportunities to reach sub-Saharan Africa’s largely unbanked population. A number that stood at 326 million adults in 2011 according to the World Bank. Currently there are many different cryptocurrencies, with Bitcoin being the most well-known. During the first half ...

The European Union Ambassador to Ghana, William Hanna, paid a working visit to Golden Exotic Limited (GEL) last week. The visit was to inspect the progress of the construction of Housing and Social Infrastructure project, in Kasunya, near Asutsuare in the Shai-Osudoku district of the Greater Accra Region. The € 5.9 million project is funded by the European Union and ...

A 25-year-old Ghanaian, Famous Boateng has been crowned as 2016 Regional and Global Forecourt Service Champion at the Shell Global Smiling Stars Programme in the New York, USA. Prior to this recognition, he was adjudged as the 2016 Best Service Champion for Ghana. These awards make Famous Boateng the first Ghanaian, first African and the first person from a licensed ...

Ghana Home Loans has disclosed its mainstream banking operations is set to begin in the last quarter of this year. The company, which has long been known to be the nation’s leading mortgage financier, had earlier hinted of moving into commercial banking by mid 2017. However, in an interview with JoyBusiness, Chief Executive of the company, Dominic Adu, assured the ...