BUSINESS

The Microfinance and Small Loans Centre (MASLOC) has recovered only GH₵90 million of the GH₵204 million disbursed over the last five years, representing 45 per cent payment. Hajia Abibata Shanni Mahama Zakariah, the Chief Executive Officer of the Centre speaking to the Ghana News Agency in Bolgatanga on the sidelines …

Ghana Investment Promotion Centre (GIPC) has denied paying for the lighting of Ghana flag on the Burj Khalifa on March 8, 2022. This is in reaction to reports on social media platforms that the centre paid for the lighting of the Ghana flag on the tallest building in the world …

The Electricity Company of Ghana wants to increase tariffs and has, accordingly, tabled a proposal before the Public Utilities and Regulatory Commission (PUC), the Director at the office of the Managing Director of ECG, Mr Noble Dorwume, has said. He announced the intention in Tamale, the capital of the Northern …

A deputy Ranking Member of Parliament‘s Finance Committee, Isaac Adongo has questioned the motive behind government’s decision to spend GH¢22 billion on the banking sector cleanup. His comments come following a downgrade of two of Ghana’s biggest banks; GCB Plc and Ecobank Ghana Limited by rating agencies Moody’s and Fitch. Fitch Ratings assigned …

The impact of COVID-19 on Ghana’s economy cannot be discounted especially because even the global economy was so impacted that multilateral lenders like the World Bank and International Monetary Fund, IMF, were also broke at a point. This is the view advanced by Thomas Kusi-Boafo, the Chief Executive Officer (CEO) …

Ghana’s Kotoka International Airport (KIA) has been adjudged the Best Airport by Size and Region in Africa by the Airports Council International’s (ACI) at the Airport Service Quality (ASQ) Award 2021. This would be the third consecutive time the KIA is receiving the award recognition. A statement issued by the …

Online drivers in Kumasi, the Ashanti regional capital, have declared a sit-down strike to protest against the ride-hailing apps’ stagnant fares despite the persistent rise in fuel prices. The drivers of Uber, Bolt and other ride-hailing apps, said although the fares have not been increased, the Apps have increased the …

Following some publicity promotions made ahead of a yet-to-be-launched cryptocurrency named “Freedom Coin,” the Bank of Ghana in a release, cautioned the public against trading in the new cryptocurrency. According to the BoG, persons hoping to trade in Freedom Coin will be doing so at their own risk as the …

Member of Parliament for North Tongu, Samuel Okudzeto Ablakwa, has sarcastically made a case for a solution to Ghana’s economic woes. According to him, Finance Minister Ken Ofori-Atta must be encouraged to seek financial bailout from the Ashanti Regional Chairman of the New Patriotic Party, Bernard Antwi Boasiako, also known as Chairman Wontumi. The …

The Member of Parliament for Juaboso, Kwabena Mintah Akandoh has accused the government and the Ghana Cocoa Board (COCOBOD) of not being able to account for the $1.3billion cocoa syndicated loan. He said no tangible explanation has been given when asked about the whereabouts of the funds. In 2019, a consortium of …