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,...
Government intends to scale up the penetration of renewable energy in the system, with a plan to hit 300megawatts of solar by 2020. As part of the measures, the Bui Power Authority has completed expansion works on its switchyard to accommodate the injection of up to 250MW of grid solar...
A cross section of agricultural scientists, water experts and sector related policy makers in Ghana have established the importance of the management of agricultural water for the national attainment of the Sustainable Development Goals. This was at a Forum on Wednesday September 20th, 2017, in Accra, organized by the International...
Accra’s finest five-star luxury property, Kempinski Hotel Gold Coast City has been adjudged the “Best Hotel in West Africa” by the Bafalon Awards Committee of Experts in partnership with Africa Travel Quarterly, West Africa’s first travel magazine. The honour was conferred on the hotel at the third edition of the...