BUSINESS

According to the Economist Magazine, the new scramble for Africa is now being led by a new generation of Africans determined to make a difference through technological innovations and the development of enterprise and markets. Many pan-Africanists believe development on the African continent can only be achieved by Africans in partnerships with countries and investors who also believe in this ...

Mr Ian Walker, British High Commissioner to Ghana, says widening of the tax net was one of the surest ways to achieve the “Ghana beyond Aid Agenda”. He said for Ghana to be self-sufficient, she has to broaden its tax base by extending the net from the formal to the informal sector to support ongoing projects such as the Free ...

Mr Asante K Berko, former Executive Director of Goldman Sachs International, in London, United Kingdom is the new Managing Director of the Tema Oil Refinery (TOR). Mr Berko takes over from Mr Isaac Osei who resigned effective from January 1, 2020, after steering the affairs of the Refinery for two and a half years. Sources at TOR confirmed his appointment ...

1. The National Lotto Act, 2006 (Act 722) was enacted for the National Lottery Authority (NLA) to operate and to regulate all Lottery in Ghana. Section 2(4) of Act 722 gives NLA the mandate to collaborate with other parties to operate Lotto or lottery in Ghana. 2. The Veterans Administration Ghana Act 2012 (Act 844) vests in the Veterans Administration, ...

The Jospong Group of Companies (JLC) owners of the Sewerage Systems Ghana Limited is generating about 500 kilowatts of power out of its liquid waste treatment plant in Accra. This was disclosed by the Executive Chairman of JGC, Dr. Joseph Siaw Agyepong at this year’s Jospong Leadership Conference at the Pentecost Convention Center at Gomoa-Fette in the Central Region. Sewerage ...

MyNewsGh.com has intercepted a confidential document in which the Finance Minister Ken Ofori-Atta ordered for the revocation of the license of specific Fund Management Companies including Gold Coast. The May 2019 memo shows not only that the Finance Ministry was behind the closure of Gold Coast Fund Management but also that the revocation of the licenses was done with alleged ...

President Akufo-Addo has said several persons who are believed to be involved in the banking sector crisis that saddled the financial sector of the Ghanaian economy will be arraigned soon to answer for their misdealings. Addressing the 71st Annual New Year School and Conference themed “Attaining Ghana Beyond Aid: Prospects and Challenges” at the Great Hall, University of Ghana, President ...

The founder of the defunct bank UT Prince Kofi Amoabeng has been arrested and charged over his role in the collapse of the bank in 2017. He has pleaded not guilty to stealing GHc51, 334, 3o6.08 and $8, 612, 829.20 respectively between 2009 and 2017. He was arrested in his office and processed in court on Tuesday. He has pleaded ...

Prince Kofi Amoabeng, founder of the now-defunct UT Bank, has been arrested over the collapse of the bank. He is said to have been picked up at his office, Tuesday. This follows a bench warrant for his arrest issued by the Accra Circuit Court, Monday. The businessman, according to reports, will soon be prepared for the Accra Circuit Court IV. ...

The Chief Executive Officer (CEO) of defunct Beige Bank, Mike Nyinaku, has been remanded in police custody. He is to be held there for one week. This follows the dismissal of a bail application by his lawyers who assured the court that he will cooperate with the ongoing trial. Although the application was not opposed by the prosecution, the judge ...