Wednesday , 23 January 2019
Home » Business (page 4)

Business

6 Ghanaian business moguls of the year 2018

In every sector, there are those who are doing well, others who are trying to catch up and some who are going down. In the same way, the business sector of Ghana has people in all these categories. Here is a list of 6 Ghanaian business moguls of 2018. Dr Daniel McKorley The Chief Executive Officer of McDan Shipping Company …

Read More »

Bank of Ghana releases banking sector report

Banks in the country are moving away from lending to investments as they restructure their balance sheets. This is according to the Bank of Ghana in its November 2018 banking sector report. The report, which is published after the Monetary Policy Committee (MPC) meetings, highlight developments in the banking sector that were deliberated upon during the policy-making process. The report …

Read More »

How the GHC2bn bailout funds will be expended on the six banks

Six indigenous banks have agreed to relinquish part of their stakes to the government in return for equity investment from the state to enable them to recapitalise to GH?400 million. The banks agreed to the bailout package towards the end of December 2018, paving the way for the government to set in motion processes that will allow it to invest …

Read More »

Agric Ministry clears air on missing fertilizer saga

The Ministry of Food and Agriculture (MoFA) has refuted claims of loss of fertilizers worth $12 million under the Planting for Food and Jobs (PFJ) through smuggling, attributed to a report from the Parliamentary Select Committee on Food, Agriculture and Cocoa Affairs. According to the Ministry, the information making rounds is “factually inaccurate and does not represent the true information …

Read More »

2018 has been tough but 2019 prospects exciting – GNCCI

Businesses are expectant that the tight liquidity challenges encountered in 2018 will ease considerably in 2019, because of government’s pledge to pay all arrears owed contractors and suppliers. Finance Minister Ken Ofori-Atta, during his presentation of the 2019 budget, said government is to spend about GH?74.3 billion in the next fiscal year to clear all arrears; and this, according to …

Read More »

CAL Bank meets GHC400 million capital requirement

Shareholders of CAL Bank have approved a resolution for the bank to transfer GH¢50 million from income surplus to stated capital, helping the bank to meet the Bank of Ghana’s minimum capital requirement ahead of the 31st December deadline. The transfer would bring CAL Bank’s state capital to GH¢400 million as prescribed by the Bank of Ghana. In a press …

Read More »

7 business ‘villains’ of the year 2018

2018 has been a good business year for some. It has also been a bad business year for others. Not every business person in Ghana will recognise 2018 as a good business year. Below are some of the Ghanaians who did not have a good business year as they expected. Nana Appiah Mensah Nana Appiah Mensah who is popularly referred …

Read More »

Central registry database for telco merchants next year – Ken Ashigbey

A central database to register all merchants of telecom companies in the country is being developed as part of measures to sanitise the industry and check fraud. It is expected to be rolled out by the first quarter of next year. To be christened ‘Merchant Registry Database’, the move is expected to, among other things, help monitor and control the …

Read More »

16 firms apply for license to explore Ghana’s oil

Sixteen oil and gas firms have submitted applications for one or more of five Ghanaian offshore blocks in the West African country’s first exploration licensing round, its energy ministry said. The interest is a major vote of confidence in Ghana, which is keen to unlock more resources after it began pumping from its flagship offshore Jubilee field in 2010. The …

Read More »

Chinese government supports digital project of House of Chiefs

The Chinese government has presented ICT equipment worth $20,000 to the National House of Chiefs to help in its digitisation project. The items are 10 desktop computers, two laptops, two external hard drives, 10 anti-virus software, two air conditioners, 10 wireless adaptors, one server machine and two canon scanners. They were presented by the Chinese Ambassador to Ghana, Mr Shi …

Read More »