Category: Home Business

Impunity caused banks’ collapse – Bright Simmons

Impunity caused banks’ collapse – Bright Simmons

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Vice President of IMANI Africa, Bright Simmons, has attributed the collapse of some banks in the country to impunity on the part of the key stakeholders at the various financial institutions. In the past year, seven local banks have collapsed. They are Capital Bank, uniBank, Sover ...
Banking sector becoming preserve of foreigners – Sly Mensah

Banking sector becoming preserve of foreigners – Sly Mensah

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National Democratic Congress (NDC) flagbearer hopeful, Sylvester Mensah is worried that “the banking industry is collapsing and becoming an industry for non-Ghanaians”. he said this at an interaction with NDC delegates at Bole in the Northern Region on Tuesday, 14 August 2018. ...
Cocoa rebounds as climate conditions dwindle

Cocoa rebounds as climate conditions dwindle

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Cocoa recovered some of its previous week’s losses, as favourable climatic conditions in top grower Cote d’Ivoire appear to have faded. With less rains recorded in recent times in Cote d’Ivoire, the availability of the soft crop on the international commodities market was suppress ...
GHC400m oil cash ‘missing’

GHC400m oil cash ‘missing’

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The Public Interest and Accountability Committee (PIAC) says it is yet to receive any form of correspondence from the Ministry of Finance (MoF) explaining the whereabouts of the over-GH¢400million unutilised oil revenues allocated to the Annual Budget Funding Amount (ABFA) in 2017, a ...
GRIDCO celebrates 10th anniversary

GRIDCO celebrates 10th anniversary

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Ghana Grid Company limited (GRIDCO) has celebrated its 10th anniversary here in Tema, it was a day of thanksgiving, celebration of achievements and awarding of staff who distinguished themselves in safety throughout the year in their various departments. The occasion was also cons ...
Economy remains volatile – AGI

Economy remains volatile – AGI

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The Association of Ghana Industries (AGI) has said the influx of imports remain a major risk to job creation and economic development. Its Second Quarter Barometer report indicates that the import-oriented nature of the economy – coupled with a weakened local currency, fluctuating ...
$3-million food processing factory to be established at Afienya

$3-million food processing factory to be established at Afienya

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The sod has been cut for the construction of a $3-million food processing factory under the One-district, One-factory (1D1F) initiative at Afienya in the Ningo Prampram District in the Greater Accra Region. Work on the factory, which rests on a 15-acre land, is expected to be comp ...
ICAG to investigate collapsed banks auditors

ICAG to investigate collapsed banks auditors

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The Institute of Chartered Accountants, Ghana (ICAG), says it has begun an enquiry into the role of auditors in the collapse of seven indigenous banks. ICAG says it will take appropriate action against members who are found culpable in the collapse of the banks. In a statement, ...

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