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Finance

September, 2017

  • 14 September

    Banks, Telcos subscribe to AlexPay

    Some banking institutions and the major telecommunications networks in the country have signed on to Alexpay, a product of Allied Exchange Africa, to end the lack of cross-network money transfer across the country. Institutions like Access Bank, SG-SSB, OmniBank, UBA to mention a few were joined by MTN, Airtel, Vodafone …

August, 2017

  • 31 August

    SSNIT $72m contract: We need more ‘intelligence’ info to connect the dots – William Nyarko

    Multiple award winning investigative journalist and Executive Director of the Africa Centre for International Law and Accountability (ACILA), Mr. William Nyarko​ has waded into the questionable SSNIT US$72million contract debate saying more “intelligence” information is needed to be able to connect the dots properly. “The SSNIT $72m unconscionable contract…We need more …

  • 14 August

    Ghana graduates have questionable certificates – UT Bank founder

    – Prince Kofi Amoabeng is the founder and chief executive officer of UT Bank – The Bank of Ghana on Monday announced that it has approved the takeover of UT Bank by the GCB Bank Ltd – Mr Amoabeng is a known disciplinarian and has also criticized the quality of …

  • 14 August

    Prince Kofi Amoabeng’s UT Bank Collapses, GCB To Take Over

    The Ghana Commercial Bank (GCB) is on its way to take over Entrepreneur Prince Kofi Amoabeng’s UT Bank and another Ghanaian bank Capital Bank. A statement from the office of Bank of Ghana (BoG) as sighted by FN News said “The Bank of Ghana has approved a Purchase and Assumption …

  • 14 August

    GCB takes over UT and Capital Banks as BoG withdraws licenses

    The Central Bank of Ghana has withdrawn the licenses of the UT Bank and Capital Bank. According to a statement from the Central Bank, it has “approved a Purchase and Assumption transaction with GCB Bank Ltd that transfers all deposits and selected assets of UT Bank Ltd and Capital Bank …

  • 12 August

    Pay attention to property tax – Maafo to MMDAs

    Senior Minister, Nana Yaw Osafo-Maafo has called on the various Metropolitan, Municipal and Districts Assemblies (MMDAs) to pay attention to the collection property taxes in their assemblies. He said government would put in place structures to monitor the collection of property tax since it is one of the taxes that …

July, 2017

  • 22 July

    Ghana’s debt stock hits ¢137 billion – BOG

    The total public debt for the country as at May this year has reached ¢137 billion putting the debt-to-GDP ratio at 67.5%, a summary of economic and financial data released by the Bank of Ghana has revealed. This was at the end of the Central Bank’s Monetary Policy Committee meeting to review …

  • 16 July

    We’re Expanding Mahama’s ‘Successful’ YES Through NEIP – John Kumah

    The Chief Executive Officer of the newly inaugurated National Entrepreneurship and Innovation Plan, Mr. John Kumah has explained why the current government renamed the Youth Enterprise Support to its current name. Former President John Dramani Mahama in April 2014 established the Youth Enterprise Support (YES). The YES initiative, was in …

June, 2017

  • 12 June

    Ghana receives €100 million from Germany’s “Compact with Africa” Programme

    Ghana has been named as one of the three countries in Africa to benefit from the Germany’s “Compact with Africa” Programme – a programme that will assist Ghana improve conditions for sustainable private sector investment, investment in infrastructure, economic participation, and employment in the country. This was made known by …

  • 12 June

    President Akufo-Addo Announces New Tax

    President Nana Addo Dankwah Akufo-Addo has announced a new import tax aimed at supporting the activities of the African Union (AU). “Indeed, Cabinet just approved a 0.02 per cent deductions in all imports outside AU as a fund to support the activities of AU, so that AU will not go …