Fidelity Bank Ghana in partnership with MDF West Africa has initiated a trade road show focused on training Micro, Small and Medium Enterprises (MSMEs). The various subject matter covered included international trade payment methods and their associated risks; opportunities available in the international trade business; and understanding the Integrated Customs Management System (ICUMS) new clearing process. This...
The Licensed Cocoa Buyers Association of Ghana (LICOBAG) has assured cocoa farmers in the country that it will pay monies owed them in the light crop season. This comes after persistent agitation by some of the affected cocoa farmers who say they are yet to receive payment for cocoa supplied...
To ameliorate the harsh pressure businesses and individuals encounter in securing office space and residential accommodation, due to demand for rent advance in excess of one to two years by landlords, Alpha Mead Facilities (AMF) Ghana, subsidiary of Alpha Mead Group, a total real estate solutions company, has introduced...
The Gulf of Guinea stretches from Angola to Senegal and is divided into 6 zones - Zone A to Zone F. It is made up of 16 coastal countries: Angola, Equatorial Guinea, Gabon, Cameroon, Nigeria, Benin, Togo, Ghana, Ivory Coast, Liberia, Sao Tome and Principe, Congo, Senegal, the Gambia...
Five businesses out of the six that made it to the final pitch of Design and Technology Institute’s (DTI) Community Innovative Competition were rewarded with various cash amounts as seed funds to scale-up their business. After several weeks of hard work and thinking outside the box to create tailor-made products...
Minister of Finance, Ken Ofori-Atta, has indicated that government remains fully committed to implementing the National Unemployment Insurance Scheme (NUIS), announced last year to mitigate the impact of COVID-19 on job losses, with phase one to start in September 2021. Speaking on the floor of Parliament in presenting the mid-year...
The Supreme Court has dismissed a case filed by the Association of Finance House challenging the Bank of Ghana for issuing corporate governance directives for financial institutions, ruling that the regulator’s action was lawful. The Association of Finance House, in November 2020, brought an action in the Supreme Court of...
The Ghana Commodity Exchange (GCX) will in the next cashew crop season undertake a reserve auction of a minimum 20,000 metric tonnes (MT) of raw cashew nuts, following successful auction session of 1,000MT last week, Mr. Robert Dowuona Owoo - the Chief Operations Officer, has revealed. This will be the...
The Bulk Oil Storage and Transportation Company Limited (BOST) has said it plans to seek amicable redress with Hask Oil over a GH₵9.9million judgement debt slapped on it by an Accra High court. The company said it is opting for this option due to a garnishee order nisi by the...
Former finance minister Seth Terkper has called on government to be more candid in presenting figures in the budget which conflict with what is presented by multilateral institutions and international rating agencies, as the practice has implications for the economy on the international lending market. His comments come on the...