BUSINESS

Lawyers of Willaim Ato Essien, the founder of the defunct Capital Bank, who is standing trial for allegedly collapsing the bank, has told the Accra High Court that their client is willing to refund GH¢27.5 million back to the state. The amount is what the state has accused Essien of …

After staying virtually flat for about a year and a half, the average lending rate of banks has started to show signs of decline in April after the Bank of Ghana reduced the monetary policy rate the month before. The Summary of Economic and Financial data (May 2020) published by the Bank of …

A 45-year-old Kennedy Kwaku Adu, a farmer at Twifu Mampong in the Twifu Atimokwa District has inflicted cutlass wounds on his biological mother for being behind his inability to get his wife pregnant. Information gathered by Kasapa FM Yaw Boagyan indicates that the suspect and Wife Gifty Anku have been …

The Executive Director of the Institute of Energy Security (IES), Paa Kawsi Anamua Sakyi, has said it is refreshing to note that the government has cleared the legacy debts of the Electricity Company of Ghana (ECG). Mr Sakyi however asked the government to ensure that the debt situation does not …

Two illegal miners have died after a mining pit caved in on them. The incident occurred May 18, 2020, around 9:00 am at a mining site of Nawara mining Company in Akyem Osino in the Fanteakwa South District of the Eastern Region. The bodies of the deceased persons -Atwere Emmanuel, …

Executive Director of the National Board for Small Scale Industries (NBSSI), Ms Kosi Antwiwaa Yankey, has announced that businesses will receive their portion of the GH¢600million stimulus package through their Mobile Money or bank accounts. Speaking at the launch of the coronavirus alleviation programme business support scheme, at the seat …

The application process for accessing the GH¢600 million COVID-19 Fund will start tomorrow, 20th May 2020, and end on Saturday, 20th June 2020. The beneficiaries are expected to be either self-employed, sole proprietors, or engaged in a limited liability, partnership, or joint venture arrangement. The criteria states that the qualifying …

The Ministry of Finance has launched three policy initiatives designed to deepen financial inclusion and accelerate the shift to digital payments. This includes the National Financial Inclusion and Development Strategy, Digital Financial Services Policy and the Cash-Lite Roadmap. The National Financial Inclusion and Development Strategy, which is developed in collaboration …

Schools will reopen on 1 June 2020 with Grade7 and Grade 12 learners returning to the classroom, Basic Education Minister Angie Motshekga said on Tuesday. “Independent and public ordinary schools will open even in the metropolitan areas. Every school must adhere and observe the health and safety protocols that will …

Seven million Ghanaians earn below GH¢7,000 annually, Finance Minister, Ken Ofori-Atta has revealed. According to him, 83.6% of Ghanaians also do not have real savings and are vulnerable to economic hardships in the event of crises such as the COVID-19 pandemic. “In Ghana, it is more devastating because when we look at …