It is 2pm and the sun is hot, as usual, and Kwame Danso (not real name) is seated at the back of a trotro heading to Circle, Accra. Kwame is with two friends and having a good conversation whiles the trotro stops and pick passengers at virtually every bustop.
With...
The Management of BEIGE, a Financial Services Provider, was recently hosted by Old Mutual in their Cape Town corporate office (Mutual Park) in South Africa, as part of events geared toward forging closer ties. The event was also to explore stronger business partnerships between the two firms.
The visit, which...
The Auditor-General, Daniel Yaw Domelevo, has served notice that his outfit will soon make public the names of individuals and institutions that have been surcharged and expenditure disallowed against them
According to the Auditor-General, the naming and shamming exercise is expected to also serve as a deterrent to public and...
Managers of ESLA Plc, the special purpose vehicle created to raise bonds to clear the GH¢10billion energy sector debt, have said they have the systems, structures and capacity to raise some of the debt from offshore investors who are unable to buy cedi-denominated bonds.
Edward Effah, Chairman of the Board...
The proposal for an increment in the minimum stated capital of security market operators by the Securities and Exchange Commission (SEC) is long overdue, given the growth in the sector and changing market dynamics, Bernard Osei-Tutu, Chief Executive Officer of Dusk Capital, has said.
“The new capital requirement is...
Industries could heave a sigh of relief by January, following a revelation by Vice President Mahamudu Bawumia that power tariffs could be reduced by as much as 25 percent.
“We will actually be seeing some significant reduction in the cost of electricity for industrial production next year in Ghana, and...
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...
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...