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Only 137 microfinance companies are fit to operate in Ghana – BOG announces

The Bank of Ghana (BoG) has announced through a press statement that only 137 microfinance companies will operate in the country after revoking the licences of some 192 insolvent microfinance companies. The BoG also revoked licences of another 155 insolvent microfinance companies that have ceased operations. In a press release Friday, BoG explained that actions were taken pursuant to section …

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Importers rush for Ghana Trade Hub App

The Ghana Trade Hub Portal which was recently introduced by government has recorded high downloads within two months. The App, which is available for Android and IOS users has recorded over 10,000 downloads since its inception in April 2019. Aside that, the New Ghana Trade Hub Portal has also recorded over 500,000 visits since 2018 till date after it was …

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You’re an exceptional leader – Cocoa farmers heap praises on COCOBOD Boss

Alhaji Alhassan Bukari, the National President of the Ghana Cocoa, Coffee and Sheanut Farmers Association (COCOSHE) has expressed profound gratitude to Chief Executive Officer (CEO) of the Ghana Cocoa Board (COCOBOD), Hon. Joseph Boahen Aidoo, for his intelligent handling of matters relating to the welfare of cocoa farmers in Ghana. He said, he was very much grateful for the new …

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Bawumia confident of a cash-lite economy by 2020

Vice president, Dr Mahamudu Bawumia has assured the business community that Ghana’s economy would soon go cash-lite. Speaking at the Ishmael Yamson and Associates Business Roundtable in Accra, Dr Bawumia also charged the business community to be ready to embrace new technologies to remain competitive. He said Ghana is almost through to being recognized as a cash-lite economy. Government policies …

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40% graduates go into banking to defraud – Cal Bank MD

The Managing Director (MD) of Cal Bank, Mr. Frank Brako Adu has made a damning revelation, saying 40% graduates who go into the banking and financial sector have intentions to defrauding institutions to achieve quick money. The Managing Director said his figures are the result of a recent research conducted. Speaking on TV3’s monthly business show, Time With The Captains, …

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AirtelTigo partners Huawei to boost smartphone usage

Telecom operator AirtelTigo and technology giant Huawei, have announced a strategic partnership to enable more Ghanaians to get access to smartphone experience they aspire for with reliable internet. The partnership would give new and existing customers of AirtelTigo a new SIM card, minutes to call AirtelTigo lines and data for the purchase of any Huawei phone in AirtelTigo shops or …

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Government to monitor operations of horticulture value-chain

Dr Owusu Afriyie Akoto, the Minister of Food and Agriculture has announce that government has put measures in place to ensure that value chain horticulture stakeholders work strictly to produce high-value products to meet international standards. As part of the measures, he said regulatory bodies would strictly monitor all the farming processes from acquisition of seedlings, field practices, harvesting, storage, …

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‘TOR on its knees; on the brink of collapse’ – Jinapor

Member of Parliament for Yapei Kusawgu and former Deputy Energy Minister, John Jinapor has disclosed that “Tema Oil Refinery (TOR) is on its knees”. He says the company will be on the “brink of collapse if government does not come in to assist them”. Speaking on Okay FM’s Ade Akye Abia programme, he explained that TOR has stop processing oil …

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Mexican government to provide technology support to fight aflatoxin in maize

The Mexican Government is partnering with the Ghana Standard Authority (GSA) to introduce Nixtamalisation technology in Ghana to reduce levels of aflatoxin in maize. The technology is an ancient Mexican skill for processing white corn, which significantly has the potential of reducing public health and food security challenges associated with the consumption of corn contaminated with aflatoxins and improving economic …

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PDS reacts to Energy Minister’s outburst

Power retailing company Power Distribution Services (PDS), has expressed disappointment in Energy Minister, John Peter Amewu, for supporting the protest staged by the residents of Lower Manya Krobo over the en masse disconnection exercise. The minister was at Krobo Odumase to commiserate with the family of a 24-year-old man who was shot in the course of clashes between the residents …

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