Business

President Akufo-Addo has spoken against the slack pace at which the Bank of Ghana(BoG) works and apply the laws saying the Central bank’s sluggishness in the past has been the main reason behind the sudden crash of the financial sector. ...

The Bank of Ghana(BoG) has served notice to all Rural/Community Banks and Microfinance Institutions that it will sanction institutions that fail to meet the minimum capital (GH₵1,000,000, GH₵2,000,000) respectively by 28th February, 2020. A statement issued by the Central Bank said:” ...

The Chief Executive Officer of Menzgold Ghana Limited Nana Appiah Mensah also known as NAM 1 has appealed to government to assist his company to retrieve debts owed them by Dubai-based Horizon company. According to him, he is committed to ...

The Bank of Ghana (BoG) has revoked the licences of twenty-three insolvent savings and loans companies and finance house companies. The Bank of Ghana has also appointed Eric Nipah as a Receiver for the specified institutions in line with section ...

Government says it has created 4750 jobs under its capacity building for young entrepreneurs and start-up initiative. The Minister for Business Development, Dr. Ibrahim Mohammed Awal who disclosed this at the Meet the Press Series in Accra said in 2017, ...

The President of the Republic, Nana Addo Dankwa Akufo-Addo, says Government suspended the PDS agreement in the interest of the public, and to protect the assets of the Electricity Company of Ghana worth over $3 billion. According to President Akufo-Addo, ...

Power Distribution Services(PDS) has taken over operations again in the Power distribution sector. Barely a week ago, Board of the Energy Commission on the back of the suspension of the concession agreement appointed the Electricity Company of Ghana (ECG) as ...

Menzgold CEO Nana Appiah Mensah (NAM 1) is receiving medical attention after his release from police custody, management of the troubled gold dealership firm announced Wednesday. “We wish to inform the public that the CEO is currently receiving urgent medical ...

Power Distribution Services (PDS) has said it will cooperate with the Government of Ghana as it undertakes to probe its Payment Securities (Demand Guarantees) for the ECG takeover. In a statement, the company said it has always acted in good ...

Government has suspended its contract with the Power Distribution Services (PDS). A statement by the Information minister Kojo Oppong Nkrumah Tuesday night said the decision takes immediate effect. “The Government of Ghana through the Ministry of Finance and the Electricity ...