Staff of insurance group, Hollard Ghana, with subsidiaries, Hollard Insurance and Hollard Life Assurance, came out in force to pay the road tolls of over 20,000 motorists as a gesture of appreciation and care as part of the company’s customer service week celebrations. Saloon, four-wheel drive and selected commercial vehicle...
…Trade Minister lauds impressive revenues collected via ICUMS The Ghana Revenue Authority (GRA) has reverted to its original revenue collection target of GH¢47.2 billion for 2020 after revising it down to GH¢42.7 billion earlier due to the impact of the COVID-19 pandemic. The move to go back to the original target,...
Fund managers to raise GH¢2m minimum capital Broker-dealers require GH¢1.5m Trustees require GH¢50m The Securities and Exchange Commission (SEC) has issued a comprehensive set of new capital requirements for all market operators in Ghana’s fast growing capital market with a December 31, 2021 deadline for existing players but new...
Over 98 contracts worth more than US$389million which were awarded by Aker Energy, AGM, Eni, GOSCO and Springfield from the last quarter of 2019 to the first quarter of 2020 in the upstream sector were cancelled due to the COVID 19 pandemic. The cancellation of these contracts such as the...
Ghana confirmed its first two COVID-19 cases on March 12, 2020, imports from Norway and Turkey. Africa has since recorded over 1.5 million cases and counting. In terms of infections and deaths, we have fared better than most other regions. Perhaps this is because of our youthful population, the natural...
Consolidated Bank Ghana (CBG) has launched its campaign as part of its second anniversary activities to reward customers and prospective customers who have supported deprived communities, institutions, groups, families, and individuals during the COVID-19 crisis. The three-month campaign dubbed ‘We Stand With You’ which is starting this month (October) is a weekly...
As part of the nation's nuclear energy journey, the government, through the Nuclear Power Ghana (NPG), has procured three Seismic Monitoring Equipment to install at the nation’s four probable site for the establishment of the first nuclear plant, which would be the biggest energy investment since the building of...
The engagement of an auditor and his work generally have fundamentally inherent risks. These risks are well known within the accounting profession, and over the years accounting and audit regulatory bodies have explored mechanisms to mitigate these known risks. Auditor independence is at the heart of risk mitigation mechanisms,...
Dr. Serebuor (not his real name) has been appointed as a director of one of the licensed Specialised Deposit Taking Institutions regulated by Bank of Ghana. In his case, it is a multinational bank reporting to dual regulators, and by extension, operates in a relatively strong corporate governance environment. He...
The Chairman of the Board of Directors of Ghana’s largest general insurer, SIC Insurance Company, Dr. Ben Jimmy Heymann, has assured shareholders and key stakeholders of the Company that Ghana’s insurance giant is on the path for long term sustainability and value creation. Speaking at the 13th Annual General Meeting...