OmniBank has awarded scholarship grant to brilliant but needy student, Samuel Dorkenoo to pursue his academic programme at the Kwame Nkrumah University of Science and Technology. The beneficiary student Samuel Dorkenoo, a first year student, KNUST, had early on dropped out of school due to financial difficulties and was referred...
The Zongo Development Fund Bill and the Northern Development Authority (NDA) Bill, have been passed by Parliament on Friday. The Zongo Development Fund bill seeks to establish the legal framework for the implementation of the Zongo Development Fund. Muslim students are expected to benefit from scholarship packages under the Zongo Development Fund. $50...
Egypt has reached a staff-level agreement with the International Monetary Fund for an instalment of about $2 billion more from a three-year, $12 billion loan programme, the IMF said in a statement on Friday. The payment, which is still subject to IMF executive board approval, will bring total disbursements under...
McOttley Capital, best growing investment bank, through its charity arm, McOttley Empowerment Foundation, has constructed a three-seater modern biofill toilet facility for the pupils of the Nkawkaw Methodist Primary ‘B’ School which seeks to improve sanitation in the area. The school which has been in existence since 1973 had no...
The UK Ghana Chamber of Commerce (UKGCC) has donated a cash amount of US$2,000 towards the 2017 British High Commission’s Remembrance Day celebrations in Accra. The event, organized annually in honour of Ghanaian Veterans is to acknowledge Ghanaian Veteran Soldiers who devoted their time and sacrificed their lives for their...
The Minister for Finance, Ken Ofori-Atta will be presenting the 2018 budget statement and economic policy of government on November 15,2017 which is expected to focus on Industrialization; Agriculture and consolidation gains made after almost a year in office. This was communicated to Members of Parliament during the presentation of...
Inflation for last month dropped to 11.6 percent, the lowest in over four years, after prices in non-food items such as transportation among others saw some significant downward movement. October’s inflation was a 0.6 percentage points improvement on the 12.2 percent recorded in September - meaning general prices of goods...
…as GH¢5-6bn expected from minimum capital raise With banks gearing up to raise their stated capital to GH¢400million each from the current rate of GH¢120million, the industry is expecting about GH¢5-6billion in fresh capital - and Frank Adu, Managing Director of CAL Bank, is urging his colleagues to be...
The maximum storage capacity a Liquified Petroleum Gas (LPG) station can have is 20 tonnes, the National Petroleum Authority has directed following the tough stance taken by Cabinet to forestall the deadly gas explosions the nation is becoming ill-reputed for. Appearing before parliament’s Mines and Energy Committee, CEO of the...
The CEO of the Driver and Vehicle Licencing Authority (DVLA), Mr. Kwesi Agyeman Busia, has said only 61 percent of drivers in the country are lawfully licenced - and 60 percent of vehicles on the road do not go through proper vehicle-testing procedures. He said the situation was created by...