BUSINESS

The Securities and Exchange Commission (SEC) has cautioned the public against doing business with Wiseling Online Investment Company, a Finnish-based company operating in Ghana A statement by SEC stated that it has not licensed the company to carry out any Capital Market activity including investing or trading for returns as mandated by Section 3 of the Securities Industry Act, 2016 ...

Economist and Dean of the University of Cape Coast Business School, Prof. John Gatsi, has urged regulatory bodies – the central bank (BoG) as well as the Securities and Exchange Commission (SEC) – to as a matter of extreme urgency step-up measures for the regulation of blockchain-backed cryptocurrencies. He argued that Ghana is not insulated from the significant developments in ...

Bitcoin rose above $50,000 on Tuesday to a new record high, building on a rally fuelled by signs that the world’s biggest cryptocurrency is gaining acceptance amongst mainstream investors. Bitcoin hit a new high of $50,602, and was last up 3.3% at $49,537. It has risen around 72% so far this year, with most of the gains coming after electric ...

Communications and Digitization Minister-designate, Ursula Owusu-Ekuful has assured that jobs at telecommunications firm, AirtelTigo Ghana, will not be affected amid government and stakeholder discussions to take over the company. According to her, government will prioritize and protect the best interest of staff of the company when the acquisition process is completed. In October 2020, Government of Ghana announced its intention to purchase ...

Ghana will soon see popular car manufacturer, Peugeot, open a vehicle assembly facility in the country. This is according to the CEO of Silver Star Auto, the sole authorized distributor of Peugeot in Ghana. Mr. Asad Nazir says that talks with relevant authorities are far advanced and an official announcement will be made soon. He said this whilst speaking to ...

Finance Minister-designate Ken Ofori-Atta has been flown to the United States of America over COVID-19 complications. “The Ministry of Finance wishes to inform the general public and stakeholders that Mr. Ken Ofori-Atta, the Representative of H.E the President at the Ministry of Finance and Minister-designate for Finance, will travel to the United States of America today for a special medical ...

The Chief Executive Officer (CEO) of Dalex Finance, Ken Thompson, has wondered why the CEO of the defunct gold dealership firm, Nana Appiah Mensah (NAM1), is walking a free man. Mr. Thompson told TV3’s Komla Adom in a documentary titled ‘The Menzgold heartache in Ghana; two years on!’ that Menzgold was an obvious scam and wondered how people were lured ...

Ghanaians have enjoyed stable electricity supply since 2017 as opposed to the dreaded ‘Dumsor’ they endured from 2011 to 2016. The interesting part is not only has the ingenuity of the managers of the economy kept the lights on at affordable prices, they have miraculously extended power to a segment of Ghanaians since incidence of COVID-19 till now for Free. ...

Absa Bank Ghana has begun its 2021 ReadyToWork sessions with a renewed mandate of reaffirming its commitment to education and skills development in Ghana. Over 35,000 students and youth were supported to upskill with the ReadyToWork programme last year 2020, equipping them with soft skills for improving their employment or self-employment prospects, via face to face and online media nationwide. ...

Alpha Lotto Limited, a private lottery operator licensed by the National Lottery Authority (NLA) in partnership with Veterans Administration Ghana has taken its operations to a higher height following the grand commissioning of an ultra modern-hall for the live telecast lottery draw. It will be the highest transparency and professional level draw which would come off from its headquarters located ...