The Governor of the Bank of Ghana, Dr. Ernest Addison has stated that the central bank has not approved any takeover of ADB by Unibank.
According to Dr. Addison, his outfit heard of the news in the media today and has not approved any such deal.
The governor’s comments come just...
BoG reacts
GSE suspends trading of ADB shares
ADB confirms move but backs BOG
More acquisitions in the wind
The opinions of economic and banking analysts are divided over uniBank’s ‘takeover’ of the Agricultural Development Bank (ADB), while the Ghana Stock Exchange (GSE) on Wednesday suspended trading of ADB...
The Ghana Revenue Authority (GRA) has warned strongly that it will intensify its prosecutorial powers on businesses and persons who default in the payment of taxes after the expiration of a tax amnesty period this year.
The tax amnesty period expires after September 30, 2018, and the GRA is expected...
….in charge of 6 West African countries
United Bank for Africa (UBA) Plc has announced the appointment of Mrs. Abiola Bawuah as new Regional Chief Executive Officer (RCEO) in charge of six African countries. The new appointment, which takes effect from 1st March 2018, will see her overseeing the...
Vodafone Ghana Foundation’s homecoming initiative, a corporate social responsibility activity of the telecommunication firm, has cleared medical bills for 300 patients who were unable to pay for their services at the Korle-Bu Teaching Hospital (KBTH).
The gesture, which forms part of Vodafone’s activities to mark Ghana’s 61st Independence Day anniversary,...
ADB has confirmed that it indeed received letters from Belstar Capital Limited, EDC Limited and Starmount Investment Limited pledging their various shares in the Agricultural Development Bank Limited to Unibank.
A press release issued by the bank Wednesday stated that: “It is the opinion of ADB that, a pledge does...
In late October, the International Federation of Red Cross and Red Crescent Societies (IFRC) confirmed what many had long suspected: millions of dollars donated to fight the Ebola outbreaks in Guinea and Sierra Leone had been mismanaged and stolen. The world’s oldest humanitarian organization was “outraged” by the findings,...
The Ghanaian economy is growing steadily and bustling with business opportunities. Those with the desire to impact in a unique way are drawn to such opportunities leading to regular spring up of businesses. A lot of such businesses operate from our local communities; offering range of unique and innovative...
Africa receives more hours of bright sunshine than any other continent on Earth. The Sahara desert soaks up the lion’s share, but large tracts of sub-saharan Africa, such as the Namib desert in the south east, and the east African rift zone, also receive high levels of solar radiation...
An energy deficit has effectively stunted Africa’s development, with an estimated 70 percent of people in sub-Saharan Africans without reliable access to electricity.
In Gabon and Nigeria for example, manufacturing struggles as electricity remains costly and inconsistent. According to the African Development Bank (AfDB), manufacturers in sub-Saharan Africa experience an average of...