BUSINESS

Vice-President Mahamudu Bawumia on Wednesday, 15 June 2022, launched the GhanaPay mobile money service, the first bank-wide mobile money service by universal banks, rural banks, as well as savings and loans companies to individuals and businesses. The service, which operates like the existing mobile money service, also has additional banking services, and is opened to everyone with access to a ...

The Public Interest and Accountability Committee (PIAC) has cautioned the Ghana National Petroleum Corporation (GNPC) against continuously lending to the government. It follows failure by the governments to settle the 318.09 million dollars owed the cooperation. Lands For Sale In Acres at Aburi Amanfrom, Watch the video Below; The Chairman of PIAC, Prof Kwame Adom Frimpong speaking at a forum ...

The Komenda Sugar factory will soon start producing unrefined sugar, the Chief Executive for the Komenda Edina Eguafo Abrem municipality, Mr Solomon Ebo Appiah, has said. “This is no political talk. I will not play politics with the people I serve,” Mr Appiah is quoted by the state-owned Daily Graphic newspaper as saying. “There are a lot of works going ...

An Economist at the University of Ghana Business School (UGBS), Dr Adu Sarkodie has told the government to focus on tackling food inflation as a way of dealing with the rising rate of the national rate. He noted that, per the figures released by the Ghana Statistical Service (GSS) food inflation rate shot up the national rate, figures that demand ...

Emirates Airlines is seeking talented people with a passion for service to join its “award-winning” cabin crew team. As air travel returns with a vengeance, the airline’s recruiters are busy meeting and hiring candidates in 30 cities from now until the end of June. In this latest drive, Emirates’ teams will travel from Australia to the UK, and dozens of ...

The National Petroleum Authority (NPA) has taken notice of infractions by some Petroleum Service Providers (PSPs) who have engaged in illicit third-party trading of Petroleum products and has accordingly applied the requisite sanctions. A statement from the Corporate Affairs Department of NPA listed the affected companies and accompanying sanctions are as follows Lands For Sale In Acres at Aburi Amanfrom, ...

The Bank of Ghana (BoG) has increased the policy rate by 200 basis points to 19 percent after the Monetary Policy Committee (MPC) meeting. The Central Bank attributed its decision to inflation making it the second time in 12 months for such a move. Addressing the media Monday at the BoG’s Conference room in Accra, Governor of the BoG, Dr. ...

The high cost of capital in Ghana as well as the claim by the National Health Insurance Scheme that it covers almost 100 per cent of health care needs in the country, is curtailing the growth of the private health insurance industry, the Chief Executive Officer of Acacia Health Insurance Limited, Dr Dan Armooh has said. According to him, some ...

Ghana’s total debt stock has hit GH¢391.9 billion, data from the Bank of Ghana indicate. According to the central bank, the country’s debt stock stood at US$ 55.1 billion as of March 2022. Even though it dropped by $3 billion in the first quarter of 2022 from $58.4 billion in January to $55.1 billion in March, it increased in cedi ...

Former Chief Executive Officer (CEO) of Stanbic Bank Ghana Limited, Alhassan Andani has stated that foreign banks may have various reasons for packing from the African continent. First, he explained that technology and the ability to access client base could be a major factor for the banks’ decision to exit the continent. The other factor is aggregate risk, he said. ...