BUSINESS

LEADERSHIP OF the Ghana Co-operative Credit Unions Association (CUA) wants President Akufo-Addo to intervene and help recoup their lock-up funds as a result of the banking sector cleanup. CUA says its members have well over GH¢180 million locked up in 31 financial institutions whose activities and operations were affected by the recent financial sector cleanup exercise by the Bank of ...

THE NATIONAL Insurance Commission (NIC) has carried out a nationwide series of training of trainers (ToT) workshops for personnel of the Motor Traffic and Transport Department (MTTD) of the Ghana Police Service. The workshop is part of a campaign to clamp down on vehicles with fake and invalid insurance policy stickers plying roads with the aim of reducing the high ...

An estimated 335 million businesses across Africa may not be able to take advantage of the opportunities offered by the African Continental Free Trade Area agreement AfCFTA, Secretary-General Wamkele Mene has indicated. Speaking at a public lecture organised by the University of Dar Es Salaam on Monday, 28 June 2021 under the theme: ‘The AfCFTA and the new age of ...

President Nana Addo Dankwa Akufo-Addo on Tuesday, 29 June 2021, opened the Toyota Tsusho Vehicle Assembly Plant, which is assembling some models of Toyota and Suzuki vehicles in the country. Describing the occasion as a very happy one for him, the Ghanaian people, and for the government’s industrial transformation agenda, President Akufo-Addo stated that Toyota Tsusho’s presence in Ghana has ...

Renowned Ghanaian economist and businessman Dr. Kofi Amoah has clarified his claims of owning 85 houses in Los Angeles, United States. Recall in a recent interview with television goddess and renowned talk show host Deloris Frimpong Manso popularly known as Delay, Dr. Kofi Amoah caused some stir on the internet during the course of the interview when he claimed he ...

An Economist with the University of Ghana Business School (UGBS) Dr Lord Mensah says the downgrade of Ghana’s economic outlook from stable to negative by International rating firm, Fitch, is not surprising. According to the latest Fitch report, the negative rating reflects the significant deterioration in public finances as a result of the Covid-19 pandemic and the delays by the ...

The World Bank Migration and Development Report for 2021 has reported an increase of 5 per cent to $3.6 billion in remittance flows to Ghana despite the lockdowns around the world in the heat of the COVID-19 pandemic. Host countries for Ghanaian migrants include the USA, UK, Côte d’Ivoire, Italy, Germany, and Canada. The resilience of Ghanaian migrants has been ...

Coalition of Former Menzgold Customers on Tuesday, 22 June 2021 called on the Speaker of Parliament Alban S. K Bagbin to ask him to help them retrieve their locked-up funds with the now-defunct company. The leader of the 10-man delegation Isaac Nyarko expressed worry about the impact of closure of Menzgold on customers and their families, adding that the banking ...

International Economic rating firm Fitch has downgraded Ghana’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to Negative from stable. Fitch has affirmed the IDR at ‘B’. According to the latest Fitch report, the negative rating reflects the significant deterioration in public finances as a result of the Covid-19 pandemic and the delays by government to roll out its fiscal consolidation efforts. ...

Enterprise Group PLC has entered into an agreement to fully acquire Acacia Health Insurance Limited, it has said in a statement signed by Sadia Chinery-Hesse, Group Head, Legal and Company Secretary. The statement, dated Wednesday, 16 June 2021, said the transaction is subject to regulatory approval. Acacia has been in existence since 2013 and is a major private health insurance ...