BUSINESS

The High Court in Accra has ordered a subpoena to be served on the Governor of the Bank of Ghana, Dr Ernest Addison, to appear or instruct its official to appear before it on March 10, 2022. The court said the Governor or his officer is to appear to produce the statement of accounts of Capital Bank from June 2015 ...

Economist and Investment Banker, Dr. Sam Ankrah is pushing for a fixed exchange regime to help deal with the current pressure on the Ghana cedi. Dr. Ankrah who is also the President of the African Investment Group argues that this might be one of the sure ways to deal with the current difficulties facing the Ghana cedi . Speaking on ...

One of the huge battery-packed models from TECNO is the POVA Series. They come with lots of enhanced features such as big batteries, pro performance, big FHD screens, advanced camera systems, and unique designs. In addition to POVA 5, the flagship 5G-enabled chip smartphone, TECNO has introduced two more variants to the POVA series; TECNO POVA 2 and TECNO POVA Neo ...

Ghana has earned $6.55 billion in total petroleum receipts between 2011 and 2020, equivalent to 9.97 per cent of 2020 GDP the Public Interest and Accountability Committee (PIAC) has said. Out of this amount, the Annual Budget Funding Amount (ABFA) has been allocated the highest amount of $2.6 billion (40%) over the period. This is followed by the Ghana National ...

The Chamber of Petroleum Consumers (COPEC) has accused government of not taking steps to mitigate fuel prices in the country. COPEC is asking government to use the windfall revenue that it is accruing as an Oil Producing Country as international oil prices go up to cushion the petroleum importers and Bulk Oil Distribution Companies (BDCs). “Realistically, fuel should be trading ...

The founder of the defunct Capital Bank, William Ato Essien has mounted a strong justification to an amount of GHc27.5M he received as a commission form the GHc620 Liquidity Support given to Capital Bank by the Bank of Ghana (BoG). Mr Essien (A1), Tetteh Nettey (2rd) and Fitzgerald Odonkor (3rd) have pleaded not guilty to a combined 23 charges including ...

THE WORLD Bank Group’s (WBG) Board of Executive Directors has discussed a new five-year Country Partnership Framework (CPF) for Ghana for 2022 to 2026. The CPF prioritises investments in human capital, job creation, economic diversification, building a resilient health system, and fostering a greener and more inclusive society. Ghana has achieved considerable economic and social progress in the past 30 ...

A pressure group calling itself, Fix Komenda Sugar Factory in the Central Region has welcomed the decision by President Nana Addo Dankwa Akufo-Addo to operationalize the dormant sugar-producing factory after six years. The pressure group over the years has been pushing for the operationalization of the multi-million-dollar sugar factory built by the former president John Dramani Mahama and his National ...

Angry staff of Tex Styles Ghana Limited (GTP) at Tema today, Thursday, 24 February 2022 protested against the new Managing Director of the Company Fatoumata Doro for gross mismanagement and for causing division within the staff union. The workers clad in red arm bands are demanding her immediate dismissal. The workers numbering about 600, including outstation workers, say they won’t ...

State prosecutors are pursuing the two sureties who satisfied the bail conditions of the former Chief Executive Officer (CEO) of Microfinance and Small Loans Centre (MASLOC) Sedinam Tamakloe Attionu over her continuous absence from the trial. Sedinam Tamakloe was on February 14, 2019 granted bail in the sum of GHc5 million with two sureties by the court, presided over by ...