Wednesday , 26 June 2019
Breaking News
Home » Business (page 4)

Business

Microfinance Module must change – Quick Angels boss

CEO of Quick Angels and Quick Credit, Richard Nii Armah Quaye has advised Microfinance and Microcredit companies to change their mode of operation lest they collapse. The Central Bank this week announced that the licenses of 386 financial firms in the Microfinance and Microcredit space have been breached due to regulatory infraction. After the revocation of the licenses, 137 firms …

Read More »

Government to force TV viewers to pay for free-to-air content – GIBA

The Communications Ministry is certain to clash with operators of Free-To-Air (FTA) television service in the country, following a policy that seeks to charge viewers of their channels. Executive Council Member of the Ghana Independent Broadcasters Association (GIBA), Prince Harri Crystal, says the Ministry and its regulating agency, the National Communications Authority (NCA) have no mandate in controlling television service …

Read More »

Luxury car owners, dealers to stage June protest against luxury vehicle tax

Vehicle and Assets Dealers Association of Ghana are scheduled to hit the streets this month in protest against the levy imposed on luxury vehicles. Speaking to JoyBusiness, after a meeting with the Trade Minister, Alan Kyeremanteng on the issue, President of the Association, Eric Kweku Boateng justified the need for the demonstration. “The reason why we want to demonstrate again …

Read More »

CAGD sensitises Chief Directors of MDAs on IPSAS

The Controller and Accountant General’s Department (CAGD) has sensitized Chief Directors of the various Ministries, Departments and Agencies (MDAs) on the International Public Sector Accounting Standards (IPSAS), which, Ghana has set out to implement to improve its public accounts. The adoption and implementation of IPSAS have been identified as one of the critical programmes in the Public Financial Management Reforms …

Read More »

MPS new container terminal at Tema Port to be operational on June 28

The ultra modern Terminal Three being constructed by the Meridian Port Services (MPS) at Tema Port would become fully operational on June 28, this year, to provide efficient port services for importers and exporters across the West African coastline. The fully-automated terminal estimated at the cost of US$1.5 billion has the capacity to accommodate two million twenty-foot equivalent units (TEUs) …

Read More »

Ghana to enforce local content policy in public contracts

The government is to enforce the local content policy in the award of contract in the building industry. This is to ensure that 40 per cent of all public contracts in the building industry is reserved for local contractors to help generate employment in the country. This was contained in a speech read on behalf of the Minister of Works …

Read More »

BoG fines Barclays Bank Ghana GHC4.6 million

The Bank of Ghana has fined the Barclays Bank of Ghana an amount of GHC4,579,256.36 for making frivolous quotes on Ghana’s Interbank Foreign Exchange Market Graphic Online has gathered. This action is in breach of the Ghana Interbank Forex Market Conduct Rules. A statement from the BoG on Monday said the central bank was committed to ensuring sanity, transparency and …

Read More »

GGAGG petitions Parliament over CTN implementation

The Good Governance Advocacy Group Ghana (GGAGG) has presented a petition to Parliament as regards the implementation of the Cargo Tracking Note system following what it describes as President Akufo-Addo’s failure to suspend its operation. GGAGG insists that the system is not to be implemented by GRA and CTN Ghana Limited which has no connection with the World Trade Organisation …

Read More »

Lucy Quist appointed as a managing director at Morgan Stanley, UK

International Business Leader and author of The Bold New Normal, Lucy Quist has been appointed as a Managing Director and Head of Change Leadership at Morgan Stanley. Lucy was recently the Vice President of the FIFA GFA Normalisation Committee. Breaking barriers and changing narratives is Lucy’s forte; in 2014, she made headlines as the first Ghanaian woman to be appointed …

Read More »

Survivor of Dawhenya forex bureau robbery gives horrifying details of robbery

One of the survivors in Tuesday’s robbery at Dawhenya, Alhaji Yusuf Haruna has revealed that deceased, Alhaji Haruna Jafaru was killed over an $80,000.00 transaction. According to him, the deceased who owns a forex bureau at Community 25, Tema received a call from a supposed client who needed a cedi equivalent of $80,000.00. Unable to raise the amount, the deceased …

Read More »