BUSINESS

Yaw Amoakohene Baafi, a social scientist and communications specialist has been appointed by President Nana Akufo-Addo as Deputy CEO of the National Lotteries Authority (NLA).​ Until November 2015, Mr Baafi was the Director, Co-founder and second majority shareholder of a financial service operator Prestige Capital Limited. Mr Baafi brings to the NLA a vast experience of large size institutions having ...

Some economists have lauded the government’s commitment not to issue any Eurobond this year. They explain that the development should give room to deal with the country’s ballooning debts. The Vice President, Dr. Mahamudu Bawumia has refuted assertions that the recent non-deal road show embarked on by a team of government officials is likely to culminate in the issuing of ...

Emirates’ focus on meeting and exceeding customer expectations both in the air and on the ground were recognised yesterday with four accolades at the ‎Business Traveller Middle East 2017 Awards. At a ceremony attended by key travel industry executives, Emirates was crowned “Best Airline Worldwide”. It was also named “Airline with the Best First Class”, “Airline with the Best First ...

The Managing Director of FirstBanC Financial Services, Mr Amenyo Setordzie, has asked for circumspection on the discussion around the US$2.25 billion bond issued earlier this month. That, he said, was needed to ensure that public commentary on the 15 and 10-year bonds did not return to hurt the economy and the country’s reputation. While dismissing concerns that the coupon rate ...

Vice President Dr. Mahamadu Bawumia says government is committed to instituting the necessary reforms and structures to make Ghana the most business-friendly in Africa. Ghana made some marginal progress in improving the environment for doing business, according to the latest World Bank Ease of Doing Business reports. The Rankings saw Ghana go up by three places to 108 out of ...

The entrepreneur wears glasses which ticks the perceptional box for wisdom in Ghana. His neat tie ends gently curving over his stomach to indicate a decent almost attractive potbelly – that ticks the box for bankers in Ghana. With the height of Napoleon, the President of Ideal Groupe of Companies sat behind the Joy FM Personality Profile console without an ...

The president of the Ghana Bankers Association Alhassan Andani has warned that the controversies surrounding the 15-year domestic bonds issued recently by the government could spell doom for the economy. The minority at a press conference Tuesday April 18, 2017 accused Mr. Ofori-Atta [the Finance Minister] of conflict of interest in the issuance of the $2.25 billion domestic bond, arguing ...

John Awuah, CEO, UMB UMB has posted an after-tax profit of GH¢20.4million for the 2016 financial year, representing an impressive 455 percent increase in after tax profit. The bank also recorded a 57 percent increase in customers’ deposits and a 97 percent increase in total assets. Commenting on the bank’s excellent financial results, Chief Executive Officer (CEO) of UMB, John ...

The Minority in Parliament has slammed the Ministry of Finance for personalizing the debate over the controversial US$2.25 billion bond. Government issued 15 and 7-year bonds with a coupon rate of 19.75%, raising a total amount of USD1.13 billion. The Finance Ministry additionally raised cedi equivalent of USD1.12 billion in five and 10-year bonds through a tap arrangement. Former deputy ...

The CEO of skin care company, Second Image, says ladies who try to change their skin colour by bleaching may have a mental problem. Nikki Boamponsem cautioned women who bleach their skin to desist from the practice. The Second Image CEO made the comments while speaking at a seminar organised as part of the Africa Makeup and Beauty Fair in ...