CalBank announces the closure of a USD108million term facility with the Overseas Private Investment Corporation (OPIC) and Citibank (Citi)for on-lending to Small and Medium Enterprises (SMEs) in Ghana. This arrangement will enable CalBank to advance loans at relatively low interest rates to SMEs in Ghana with flexible repayment terms. In …

Seven mining companies, the Attorney General and Minerals Commission have been hauled to court over alleged illegalities. The plaintiff, David Addo has commissioned the actions in his capacity as a Ghanaian. Mr Addo claims AngloGold Gold Ashanti Iduapriem Ltd, Newmont Ghana Ltd, AngloGold Ashanti Ghana Ltd, Newmont Ghana Gold Ltd, …

A military plane with 38 people on board has disappeared en route to Antarctica, Chile’s air force says. The C-130 Hercules transport aircraft took off from Punta Arenas at 16:55 local time (19:55 GMT), and operators lost contact soon after 18:00 (21:00). Those missing include 17 crew and 21 passengers. …

A Russian court on Tuesday sentenced 11 people to terms including life in prison after finding them guilty of a deadly bomb attack on the Saint Petersburg metro in 2017. Abror Azimov, a 29-year-old from Kyrgyzstan, was sentenced by a military court in Russia’s second biggest city to life in …

Record commodity prices and low global interest rates have encouraged African countries to borrow as they did in the 1990s, but now some are struggling to pay up as their revenue slows along with economic growth. The debt of governments as a percentage of gross domestic product in sub-Saharan Africa …

Perhaps, one of the most significant components of the banking sector reforms is the new minimum capital directive issued on 11 September 2017. The directive required universal banks operating in Ghana to increase their minimum stated capital to GHS400 million by the end of 2018. Following the deadline for compliance, …

Award winning freelance journalist Manasseh Azure Awuni has fired Special Prosecutor Martin A.B.K Amidu for what he says is a lack of seriousness on his part. In an Accra FM interview monitored by MyNewsGh.com, Manasseh said that while they may be merit in Amidu’s case against Bawku MP Mahama Ayariga, …

Disturbing details have emerged about how the Mfantsiman Municipal Director of the Bureau of National Investigations (BNI) was murdered at Mankessim last Friday without any provocation. On that fateful day, Samuel Ampofo appeared to have been targeted by the man who shot and killed him reportedly from a pump-action gun. …

James Naah, a tilapia seller at Yeji in Pru East District of the Bono East region, has been reportedly butchered by some armed robbers. Information gathered indicated that the incident occurred around 5:30pm, Sunday. Confirming the incident on Adom FM’s morning show Dwaso Nsem Monday, Yaw Mensah, brother of the …

Road contractors who are owed over GHC500,000 by the government are fuming over what they say is government’s refusal to pay them despite claims by President Akufo-Addo. According to the contractors, the pressure on them has heightened after President Akufo-Addo claimed he has paid all contractors during his recent tour …