The Controller and Accountant General’s Department (CAGD) has signed a Memorandum of Understanding (MoU) with the Ghana office of the world’s leading accountancy body – the Association of Chartered Certified Accountants (ACCA) – to train its staff on proper accountancy and finance procedures.
Speaking to the B&FT after the signing...
Melbond Microfinance, as it marks 10 years of operation, has assured stakeholders including shareholders, customers, staff, management and industry regulators, that its plan in the nearest future is to consolidate its market position as a microfinance company.
Kwabena Gyansah, Managing Director of Melbond Microfinance, speaking at a short ceremony to...
Although they are afraid to talk openly, officials of some SME-focused banks are restive about the GH¢400million stated capital increment for banks, saying it could hurt SMEs badly.
“Banks like us that want to do SMEs will now be forced to raise capital to do big-ticket or forced to merge,...
Access Bank Plc, the majority shareholder of Access Bank Ghana, which is ranked as one of the top 3 banks in Nigeria and amongst the top 20 banks in Africa by assets and capital, has announced its intention to inject additional capital into the Bank’s operations in Ghana before...
An investment banker has said the recent failure of the two indigenous banks, UT and Capital Banks, puts a dent on the efforts of other local banks seeking to raise funds from investors to meet the Bank of Ghana’s GHS400 million capital requirement.
The Head of Investment Banking at Stanbic...
Indigenous banks are in a race against time to increase their total paid-up capital to GHS 400 million before the December 31, 2018 deadline set by the central bank of Ghana.
An analysis of the July 2017 paid-up capital, income surplus, and capital shortfall of banks reveals that decade-old major...
The National Petroleum Authority has been mandated to hire 200 auditors to ensure that safety standards are fully complied with at all gas stations in the country.
The auditors will move from station to station to ensure that safety equipment such as CO2, foam and others are all in place.
The...
The Dubai International Chamber of Commerce, Ghana Office, is in an association of business operators with interests spanning all sectors of private enterprise, and is organising a 7-day investment promotion mission to Dubai.
The objective of the trade mission is to directly attract foreign investments, and also provide new opportunities...
The newly-appointed board of the Volta River Authority has been mandated to convert all non-power businesses of the authority into stand-alone commercial ventures, as part of restructuring efforts commenced by government.
The authority, by its creation, is involved in other businesses in non-power sectors such as health, education, hospitality and...
In spite of the vast opportunities available in the upstream oil and gas sector, local participation is very low due to high barriers of entry, a report by Ernst & Young (EY), Ghana, indicates.
The report shows that local participation in areas like well drilling, engineering services, exploration and subsurface,...