MTN is set to issue an additional 12.5% of its investment as shares on the Ghana Stock Exchange (GSE), a move which is set to double its shareholding from the current 12.5% to 25%. Recall that in September 2018, Scancom Plc., operators of MTN in Ghana, completed its Initial Public...
BOOK TITLE: The Modern Branch Manager’s Companion AUTHOR: Alberta Quarcoopome FORWORD : Joseph B. Tetteh, Board Chairman, First National Bank REVIEWER: JOHN AWUAH, CEO, Ghana Association of Bankers, & Former CEO, Universal Merchant Bank. OF PAGES: 440 As a Fellow of the Chartered Institute of Bankers with several decades of banking practice,...
The Agricultural Development Bank’s (ADB) loan facility of GH¢23.2million presented to six players in the poultry value chain is geared towards the revival of the ailing poultry industry in the country. Poultry farmers have long faced crippling competition from their counterparts in developed countries as the country imports around US$200...
Quartey urges gov’t to invest in productive sectors A B&FT analysis on the country’s fiscal situation has revealed that the economy is severely cash-strapped, as data show government’s payment obligations are more than 200 percent of the revenue that comes in - leaving no option other than resorting to...
Validation process is ongoing
Total client claims now stand at GH¢3bn (from GH¢12.6bn)
71,000 individuals, 5,750 institutions make claims
Government committed to intervene
Commission pursuing changes to law to gain more powers
13 out of 18 CIS transferred to new fund managers The Securities and Exchange Commission (SEC)...
Beginning next year, individuals and corporate organisations who fail to submit their tax returns within a specified period cannot enjoy essential government services, the Head of Tax Policy at the Ministry of Finance, Daniel Nuer has said. The 2018 Budget has introduced a Voluntary Disclosure Procedure (VDP) in the Revenue...
Welcome to another week of financial learning, we started a journey toward financial independence by tackling ways of managing financial excesses. In the past two weeks we have looked at a lack of planning and impulse buying as causes of financial excesses. In the same vein, I discussed a few...
To achieve a successful vaccination campaign and deployment, government cannot work alone and therefore requires the active participation of the private sector, Philip Owiredu, Managing Director of CalBank has said. “Looking at the limited resources we have as a nation; I do not think we should expect the vaccination programme...
Banks listed on the Ghana Stock Exchange (GSE) have, through the Ghana Association of Bankers, requested that the date for filing of the 2020 audited financial statements be extended by one month to April 30, 2021. This is to enable the banks work effectively with their external auditors to achieve...
Last week Barclays bank launched its maiden Barclays Africa Group Financial Markets Index which had Ghana ranking in the index that ranked the maturity, openness and accessibility of 17 markets in Africa based on both qualitative and quantitative criteria. Ghana ranked below South Africa, Mauritius, Botswana, Kenya, Namibia and Kenya...