Bank of Ghana (BOG) has announced that, UniBank Ghana Limited (UniBank) has been placed under administration. The appointment of the official administrator according to the central bank is aimed at saving UniBank from imminent collapse. The announcement comes just two weeks after uniBank announced a takeover of adb after some shareholders...
With technology disrupting every sphere of human activity, brick and mortar branch banking will no longer be viable in five years, Arnold Parker-Managing Director of finance house AFB Ghana, has said. “I think in the next five years a lot of financial institutions will scale down on brick and mortar...
United Bank for Africa (UBA) Plc’s Regional CEO for West Africa 1, Mrs. Abiola Bawuah, has been named the ‘Most Outstanding Female in Banking’ by the Business Executive at the just-concluded 4th Feminine Ghana Achievement Awards, at the La-Palm Royal Beach Hotel in Accra. This brings to a total of...
The Ghana Union of Traders Associations (GUTA) has issued a stern warning to government, saying the proposed 17.5 percent Value Added Tax (VAT) on mobile phones should not be introduced. It also warns that the new formula by Customs for calculating duties on imported cables must be reversed. The warning comes...
The Northern Regional office of the Ministry of Trade and Industry (MOTI) has kicked start the implementation of the one district one factory (1F1F) programme with the establishment of implementation teams across the 26 Metropolitan, Municipal and District Assemblies of the region. The teams are to oversee the work of...
Senior Minister, Yaw Osafo-Maafo, has said the time is ripe for Ghana and Cote d’Ivoire to develop strategies that will bring new life to the cocoa value chain and improve wellbeing of farmers. “At the economic management level, we are looking at a possible insurance system for our farmers. We...
All seems set for the 2nd Poultry Value Chain (POVAC) Fair scheduled for Wednesday, 21st and Thursday 22nd March 2018 at the Eusbett Hotel-Sunyani. It has been confirmed that the United States Department of Agriculture’s Regional Agricultural Counsellor, Charles Rush; Ron Strikker, The Netherlands Ambassador to Ghana; and Dr. Gyiele...
A retail outlet, Shoprite Ghana, donated assorted household and food items to the inmates of the Weija Leprosarium in Accra in fulfilment of its corporate social responsibility (CSR) for the month of February. The items included toiletries, bags of rice, cooking oil, detergents among others. The donation, which was aimed at...
The Impact Hub in Accra will become the first business in the West African country to benefit from ecoligo’s fully financed solar-as-a-service solution. For the latest project on the crowdinvesting platform ecoligo.investments, private investors will refinance a solar battery system that fosters innovation and entrepreneurship in Ghana. Investors will receive...
The Ghana Free Zones Authority (GFZA), a government agency that licences and regulates the activities of Free Zone Enterprises (FZEs), has said it has adopted some workable strategies which are already being implemented. The primary objective is to change the face of GFZB in the eyes of its valued investors:...