BUSINESS

The Securities and Exchange Commission (SEC) says government has authorized a partial bailout for customers of Blackshield, formerly Gold Coast, and other fund management companies who are yet to be paid following the collapse of the firms. Government had excluded customers of Blackshield from payments to affected customers over claims owners of the firm are challenging the revocation of their ...

Hundreds of investors are expected to take part in the maiden edition of the First National Bank’s virtual housing fair in Ghana which starts Wednesday November 18 and ends on November 19. Due to the outbreak of the coronavirus, the organisers will heavily rely on new media and YouTube channels to reach out to the participants to enable them to ...

Women engaged in various agri-businesses in Africa have been urged to research the needs of consumers in order to identify and meet their evolving demands. This, according to the Director of Women in Agriculture Development at the Ministry of Food and Agriculture, Paulina Addy, would help them drive up sales and become resilient in the sector. Building sustainable agri-businesses, she ...

Ghana has secured a $3million facility from the International Telecommunication Union (ITU) to boost digital skills across the country. Communications Minister, Ursula Owusu-Ekuful made the announcement on Thursday, November 11, 2020, during the signing of an agreement between ITU, the Norwegian Government, and the Government of Ghana to support the Digital Transformation Centres (DTC) Initiative in the country. The new partnership is ...

The Convention People’s Party (CPP) has raised red flags over the recently approved lease agreement for salt mining in the Ada Songor lagoon. Over 150 square miles of the concession have been given to Electrochem Ghana Limited to dig, mine and produce salt for the next fifteen years. The area is currently producing only 330,000 metric tonnes of salt out ...

Economist Dr Jerry Monfant has blamed government’s handling of the banking sector for the country’s current economic challenges. Government has attributed the economic challenges including dwindling revenue, increase in spending, and a high debt to GDP ratio to the Covid-19 pandemic. But Dr Monfant said the claim is questionable. Speaking on the Morning Starr he said “we tend to believe ...

The chief Executive officer of National Petroleum Authority and NPP parliamentary candidate for Gusheigu, Hassan Tampuli has stated that the petroleum industry has been managed better under his leadership as compared to the previous leadership under the NDC administration. According to him, unlike the NDC regime where there were fuel shortages in the country, there has never been such situation ...

The Securities and Exchange Commission (SEC) has issued a stern warning to the general public especially investors against the operations of an entity called PBAY Limited. According to the commission, the said entity is “purporting to be able to facilitate the payment of customers locked-up funds with some SEC regulated market operators whose licenses have been revoked in return for ...

The Securities and Exchange Commission (SEC) has launched an engagement series dubbed, “Time with the Commission” to drive closer partnerships with the investing public and other market operators in the capital market. The initiative forms part of the Commission’s mandate of regulating, innovating, and promoting the growth and development of an efficient, fair, and transparent securities market in which investors ...

The International Monetary Fund (IMF) has debunked claims that Ghana has been classified as a Highly Indebted Poor Country (HIPC) based on data on its website. A statement by the IMF indicated that the recent update of Ghana’s debt-to-GDP ratio has NOT triggered any decision or action by the institution. The response follows claims on Social Media on Tuesday that ...