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 continuous reliance on mining and the services sectors over the past decade has not created enough job opportunities needed for the population at large to escape poverty, the latest World Bank Ghana Systematic Country Diagnostic (SCD) report has shown.
The SCD, which is aimed at identifying the most important...
The World Bank’s Senior Vice President and General Counsel, Ms Sandie Okoro has arrived in Ghana for a four-day mission
Ms Okoro’s mission is expected to enable her to get a better understanding of how the Banks financed programs and projects are working in Ghana
It is also expected to afford...
A Civil Society group operating within the mining sector, Wassa Association of Communities Affected by Mining (WACAM), have joined the Ghana MineWorkers' Union (GMWU), to kick against Goldfields Ghana Limited's (GFGL) moves to contractor mining at its Tarkwa mine.
WACAM has therefore called on the government, to immediately intervene and...
The B&FT has gathered that, the number of workers to be disengaged by Goldfields Ghana Limited, to be employed by a contractor as Goldfields moves from owner mining, may reduce from the reported 1,500 to around 1,350.
This was contained in a letter sighted by the B&FT, dated March 09,...
The Minister for Defence, Dominic Nitiwul, has sent a very strong signal to illegal miners known in the local parlance as galamsayers, who are polluting the country’s various water bodies, to put an end to their dastardly act or face the full rigours of the law when caught.
According to...
There is currently confusion at the Tarkwa Mine of Goldfields, as some workers have been injured due tear Gas, pepper spray and indiscriminate firing by the Military and the Police, all aimed at dispersing a peaceful demonstration embarked by the workers of the mine.
The use of tear gas and...
Vice-President Dr. Mahamudu Bawumia has tasked all players in the pharmaceutical industry to work toward making Ghana the go-to destination in all things pharmaceutical in the sub-region.
“I urge all the players in the pharmaceutical sector, including the private sector, to pull resources together to turn Ghana into a vibrant...
The Ghana Stock Exchange (GSE) has lifted the suspension of trading in the shares of agric-focused bank, ADB, which allows the bank’s shares to be traded.
The exchange, on Wednesday, 7th March, suspended the trading of shares of the bank to seek clarity on the purported takeover of ADB by...
SIC Financial Services Limited (SIC-FSL) one of the shareholders of ADB has denied having pledged its shares in adb to uniBank in fulfillment of an earlier financial commitment.
A source within the company tells thebftonline.com that, SIC FSL which is an arm of the State Insurance Company (SIC) a government...