As the country moves to firm-up its development and utilisation of renewable energy potential, the Electricity Company of Ghana (ECG) and the Northern Electricity Distribution Company (NEDCo) have been given December as the deadline to submit business models for the integration of distributed renewable energy generation.
Vice President Dr. Mahamudu...
A road show to present the much-awaited energy bond to investors is expected to start on Monday, October 16, through to October 19, in New York, Boston, and in London, to raise about GH¢6billion as first tranche.
“Presumably, a week after the road show we would expect settlement of the...
Minister for Energy Boakye Agyarko has said beginning next year some government institutions will have their power component converted to solar to ease pressure on the national grid.
Government institutions, including the Flagstaff House, Parliament House, Junior and Senior High Schools, are expected to have their power component converted to...
Government has been warned to explore an out of court settlement with the Public Utilities Workers Union (PUWU), as the country runs the risk of missing out on the US$498.2 million Millennium Challenge fund, a coalition of stakeholders on the Electricity Company of Ghana (ECG) concession arrangement has warned.
However,...
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...