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Reasons Why GN had its licence revoked by BoG

The Bank of Ghana has with effect from today, revoked the licences of twenty-three (23) insolvent savings and loans companies and finance house companies (see Annex 1). These actions were taken pursuant to Section 123 (1) of the Banks and Specialised Deposit-Taking Institutions Act, 2016 (Act

BREAKING: BoG revokes licences of 23 Savings & Loans…

The Bank of Ghana 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 123 (2) of Act 930. According to a statement from

CRM will not create unemployment-PRO, NPA

The Public Relations Officer (PRO) for the National Petroleum Authority (NPA) Anny Osabutey, has revealed that the new Cylinder Recirculation Model (CRM) will not create unemployment as perceived by some Ghanaians but rather, the system will create more employment directly and indirectly. The

Veep commissions fertilizer manufacturing company under 1D1F

Vice President Dr. Mahamudu Bawumia, has under the One-district One-factory programme, commissioned Glofert Limited, a wholly-owned Ghanaian company, which is the largest fertilizer blending factory in Ghana at Asuboi in the Eastern region. Glofert Limited has an ultra modern fertilizer blending

I’II establish a $10 million fund for graduates to create…

The Founder and leader of the Liberal Party of Ghana (LPG), Mr. Percival Kofi Akpaloo, has hinted of plans to establish a fund that would help graduates establish their own businesses. The aspiring president told Rainbow Radio's Kwabena Agyapong that under his leadership, graduate unemployment

Ghana food exports face EU blacklist

The European Union (EU) has placed food imports, including fish, from Ghana on red alert after series of consignments to the region were found to have been smuggled or mislabelled. The union has since the beginning of this year issued more than 50 alerts on the issue in which it repeatedly

Using GH100 million to support young entrepreneurs,…

Chief Executive Officer (CEO) and President of policy think tank Institute for Liberty and Policy Innovation (ILAPI), Peter Bismark Kwofie says the use of GHc100 million for capacity building for entrepreneurs by government was a terrible idea. The think tank development expert said the decision

Car assembling plants to get tax holidays following launch of…

  Cabinet has approved the Automobile Bill to officially give a legal framework for the assembling of vehicles in the country.  Per the approval, import duties on new passage vehicles, SUVs and other trucks will be increased to 35 per cent. The Minister in charge of Trade, Alan

Govt working to bring down cost of data – Bawumia

Vice President Mahamudu Bawumia has assured mobile phone and data users that government has begun broad consultations with industry players to work out modalities aimed at bringing the cost of data down as much as possible and to make spectrum more available to telecommunication companies in the

Business Development Ministry has created 4,000 Jobs-Minister

The Minister for Business Development, Dr. Mohammed Awal has highlighted various initiatives embarked on by the Ministry to develop and improve the entrepreneurial capacity of Ghanaians particularly the youth in order to create jobs and wealth. He addressed the media on Tuesday, August 13, 2019,

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