Sunday , 19 August 2018
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CNREM renews call for adoption of PNDC Law 84 in oil exploration

The Centre For Natural Resources and Environmental Management, CNREM, has reiterated its call for the rejection of the current Production Sharing Agreement, PSA, and adopt the PNDC Law 84 which is the world’s current adopted standard which ensures an equitable and fair fiscal regime for all stakeholders in the industry. In a statement issued on Monday, CNREM, noted that if …

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Uber enables mobile money payment for driver-partners

Ride-hailing platform Uber, has announced that it has enabled mobile money payment for partner drivers. This new feature is done in partnership with DPO Group and MTN Mobile Money. It will innovate and enhance access to a localized, simple payment method for Uber driver-partners to pay the Uber service fee. “While we are not removing the cash option for drivers, …

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Government called upon to employ AEAs

Mr Francis Essuman, the Northern Regional Coordinator of the USAID Advance project has called on the government to employ more Agriculture Extension Agents (AEAs) to support the small farmers to improve on agriculture. He said currently, AEAs from the Ministry of Food and Agriculture (MoFA) was inadequate, which was affecting the smallholder farmers who produced close to 80 per cent …

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Over 3,600 jobs could be hit by uniBank collapse

A new document sighted by Citi Business News shows that some 3,692 workers could be hit following the collapse of uniBank. The number represents 1,944 of the bank’s staff and 2,018 who make up the employees of other related firms. The document, however, notes that the company was overstaffed compared to others in the banking sector, causing a drain on …

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BoG to take legal action against Ex-Directors of Unibank, others

The Bank of Ghana (BoG) has served notice that it will soon take legal actions against the former directors of the seven collapsed banks – Royal Bank, Beige Bank, Sovereign Bank, The construction Bank and Unibank. A statement released by the Governor of the BoG, Ernest Addison on Wednesday August 15 said : “As part of efforts by the current …

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Cocoa rebounds as climate conditions dwindle

Cocoa recovered some of its previous week’s losses, as favourable climatic conditions in top grower Cote d’Ivoire appear to have faded. With less rains recorded in recent times in Cote d’Ivoire, the availability of the soft crop on the international commodities market was suppressed. Cocoa thus advanced by US$79.50 to close the trading week at US$2,119 per metric tonne. Coffee, …

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Taxing mobile money will hinder financial inclusion in the long-term

This story from Uganda holds great lessons for Ghana that I believe culling it from the Monitor of Uganda and relating it to the progress we have made in Ghana is very important. Over the last 18months, there has been a consistent attempt by many Governments within Sub Saharan Africa to tax mobile money and other ICT related programs and …

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IFS Capital clarifies GHC23.9m payment from Capital Bank as legal

IFS Capital Management Limited has described a GH¢23.9 million payment it received from the defunct Capital Bank as legitimate. The business and investment advisory services firm, in a statement, said the amount was the payment of accumulated debts owed it, and that the payment was made in line with Bank of Ghana provisions. “This payment was made to us following …

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Our systems work; halting AMERI deal a win for democracy – Casely-Hayford

The handling of the AMERI novation agreement was a victory for Ghana’s Parliament and democracy, social commentator, Sydney Casely-Hayford has said. Though the Minority in Parliament is calling for more blood over the failed attempt at amending the deal, following the sacking of Boakye Agyarko as Energy Minister, Mr. Casely-Hayford expressed satisfaction that due process eventually prevailed. “Our systems are …

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Other telcos to enjoy 4G soon – NCA assures

The National Communications Authority (NCA) has promised it will soon make the 4G spectrum available to mobile network operators that do not currently have access to the technology due to the regulator’s constraints. Currently, MTN is the only telco that offers 4G to its customers – having purchased the spectrum in excess of US$67 million at an auction in 2015 …

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