The Managing Director of GCB Bank PLC, Mr. Kofi Adomakoh, has given assurance of supporting the tourism sector of the Ghanaian economy toward realisation of the sector’s potential. He said the tourism sector has the potential to rake in more funds for the economy, and that GCB will offer the...
as it celebrates 177 years of unique impact As Old Mutual, the pan-African investment, savings, insurance, and banking group, celebrates its 177th anniversary globally, and 10 years in Ghana, the company has assured of its commitment to continue to drive diversity and inclusion as well as innovate around products...
Chief Executive of the National Petroleum Authority, (NPA) Dr. Mustapha Abdul-Hamid, has been named among the top 50 public sector leaders on the Africa continent. Dr. Abdul-Hamid got the coveted award on Friday, May 13, 2022 at the third edition of the Africa Public Sector Conference & Awards (APSCA) ceremony. The...
The Deputy Minister for Finance, Abena Osei-Asare, has revealed that more that 40% of mobile money transactions in Ghana are below GH¢100 per day. According to her, data from government show that more than 40% of mobile money transactions were below a GH¢100 per day - a challenge that compelled government...
ZEN Petroleum, a wholly Ghanaian-owned Oil Marketing Company (OMC), has been named one of the 75 Fastest Growing Companies in Africa for 2022. The inaugural Financial Times (FT) annual ranking, which ranked ZEN Petroleum in 28th position among Africa’s Fastest-Growing Companies, provides a snapshot of the corporate landscape on a...
The Electricity Company of Ghana (ECG) owes Independent Power Producers (IPPs) some US$900million for power bought. The arrears, accumulated between 2021 and this year according to the Chamber of Independent Power Producers, Distributors and Bulk Consumers (CIPDiB), are causing IPPs to record huge forex and interest losses. “The problem is that...
Secretary General of the African Continental Free Trade Area, Wamkele Mene, has reiterated the importance of working toward boosting the capacities of small and medium scale enterprises to leverage opportunities provided by the trade pact, given that they form a chunk of businesses on the continent. Commenting on the theme...
Market analysts anticipate an average 200 basis points (bps) hike in the policy rate by the Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) at the 106th meeting, in order to address widening spread between inflation and money market rates and real policy rate. Both monetary policy rate...
As event comes off May 30 The Ghana CEO Summit has said it will prioritise advocacy for passage of an ‘Ease of Doing Business and Anti-Red Tape Act’ by Parliament this year. With Ghana yet to have such a law, Founding CEO of Ghana CEO Summit, Ernest De-Graft Egyir, at...
The ARB APEX Bank Ladies’ Association has been inaugurated in a brief but colourful ceremony at the premises of ARB Apex Bank PLC in Accra. The event was attended by all female staff and top management of the bank, with a mandate to ensure its unity and success. According to the...