Monday, July 4, 2022
The Chief Executive Officer of Vodafone Ghana, Yolanda Cuba, has scored government 8/10 for its stabilizing the economy with almost all the macroeconomic indicators moving in the right direction. Ms. Cuba speaking at post-budget forum organized by KPMG in Accra said government deserves commendation for the way it has steered...
His choice of occupation surprised his friends. He went to an elite school in Accra. He continued abroad for both his first and second degrees. He could have stayed and got a far more ‘reputable’ job and earned good money. But he came down to settle with his people...
All is set for the establishment of a US$2.2million pepper processing factory under the auspices of the ‘1D1F’ initiative at Tuobodom, the district capital of Techiman North in the Brong Ahafo Region. To that effect, the Techiman North District Assembly has allocated a ten-acre parcel of land to host the...
President Akufo-Addo has announced that Ghana’s COVID-19 cases has shot up to 1042 cases representing 1.5 percent of total test results. He made this announcement during his address to the nation on April 19, 2020. He said 86,000 contacts have been traced so far with 68,591 tested. He added that 18,000...
Indigenous banks are in for a tough time as analysis conducted on their latest financial results indicates that they need to raise as much as GH¢4billion to meet the central bank’s GH¢400 million minimum capital requirement. Out of the 16 Ghanaian-owned banks analysed by financial analyst and credit consultant Emmanuel...
Bank of Ghana (BOG) has announced that, UniBank Ghana Limited (UniBank) has been placed under administration. The appointment of the official administrator according to the central bank is aimed at saving UniBank from imminent collapse. The announcement comes just two weeks after uniBank announced a takeover of adb after some shareholders...
The Russian Federation has set aside US$1billion to assist Russian companies wanting to invest in the Ghanaian economy, in a move aimed at reinvigorating the sixty-year old diplomatic relations that exist between the two countries and which were strongest in the Nkrumah era. The Russian Embassy in Accra has been...
Despite impressive performances in 2017, banks are not likely to dole out dividends this year; at least not so generously, as they struggle to meet the new GH¢400million stated capital set by the central bank. With annual general meetings coming up in a matter of weeks, banks will be requesting...
Moves into Contract Mining with 21years life of the mine Between 2000 – 2500 to be employed Tax Concession Agreement and Development Agreement Awaiting Parliamentary Approval Mine production for 10years – averaged 350,000oz – 450,000oz at an average head grade of 8.1g/t. The initial cost of the project...
Expected credit losses Keeping employees safe Cybersecurity issues, etc. Banks should brace for substantial credit losses, increased cybersecurity challenges and increased cost in keeping employees safe as the novel coronavirus (COVID-19) continues to wreak havoc on all sectors of the economy, a report by PricewaterhouseCoopers (PwC) has said. The report,...
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