Aviation Minister, Madam Cecilia Abena Dapaah, has sent strong words of caution to British Airways (BA) as passenger complaints over treatments they receive from the airline continue to be on the increase.
She said the airliner risks facing some sanction if those complaints were not addressed with utmost urgency.
“If I...
After revoking two banking licences, the central bank appears not satisfied with the numbers, still, as it has come open and is “urging” mergers among the particularly undercapitalised local banks.
To meet the new GH¢400million minimum capital required of them, the banking sector regulator is “urging small and undercapitalised banks...
The Executive Chairman of Jospong Group of Companies, Joseph Siaw Agyepong, has said that the One District, One Factory initiative of the current administration has the potential of turning Ghana’s fortunes around by creating wealth and sustainable jobs.
He called for more support from government for indigenous private businesses to...
The agreement signed with Exxonmobil of America in respect of the Deepwater Cape Three Points oil block is among the best compared to other agreements signed in the past, as it is a culmination of lessons learnt in the ten years of the sector, Energy Minister Boakye Agyarko, has...
Government has paid GH¢3.1billion in Tier 2 pension funds to the custodial accounts of various labour unions’ pension schemes - a move that brings closure to a six-year tussle between government and the unions over management of the funds.
President Nana Addo Dankwa Akufo-Addo, in a meeting with the press...
The Volta Aluminum Company (VALCO) is expected to benefit from an additional 75MW of hydro power at a competitive price of US$0.035/kwh in the first quarter of 2018.
This will expectedly enable the aluminum smelting company to expand production from the current one pot-line to two pot-lines.
According to a report...
In an effort to reinforce its competitive urge and consolidate growth, the Kintampo Rural Bank Limited has initiated steps to roll out a number of electronic banking products in 2018.
The bank has procured three ATM machines, ready for installation at its headquarters at Kintampo, in the Brong Ahafo Region,...
…lessons from the dissolution of UT Bank and Capital Bank
2 (i) Financial Distress
Financial distress is the situation when a bank cannot meet or face difficulty to repay off its financial obligations to the creditors. The chances of causing financial distress increases when fixed costs are high, assets are illiquid,...
For start-ups looking for sustained funding, the best way to access the right funding is to look out for investors who have experience in their field of business, Dr. Belinda Gail Quarterman Noah, Executive Director of the Founder Institute, a world premier idea-stage accelerator and start-up launch programme, has...
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...