BUSINESS

CalBank is pleased to announce the appointment of Mr. Philip Owiredu as the Chief Executive Officer (CEO) of the Bank effective 1st January 2020. The appointment of the new CEO was approved by the Bank of Ghana in December 2019. Mr. Owiredu has been an outstanding leader during his tenure …

Management member of Asante Kotoko, Nana Gyimbibi Coker says that the Porcupine Warriors will look to downsize their playing squad before the close of the transfer window. He said the club is making frantic efforts to ship out some dead wood, whose services will no longer be needed by the …

A 42-year-old farmer, Yaw Tawiah who was suspected of impregnating his stepdaughter at Ntonso, a farming community near Sankore in the Asunafo South District of the Ahafo region has died in police custody, MyNewsGh.com reports. Police say he hanged himself in the toilet inside the cells of the Sankore Police …

The Takoradi Port recorded an increase in port traffic from 8.2 million metric tons (mt) in 2018 to 9.9 million mt in 2019, representing an increase of 21 per cent in total port traffic. It also registered an increase of 43 per cent in exports. The port however, recorded 13 per …

Minister of Science, Environment, Technology and Innovations says the government is ready to support the Kantanka Group of Companies, established by the Founder and Leader of the Kristo Asafo Mission of Ghana, Apostle Kwadwo Safo Kantanka. According to Professor Kwabena Frimpong-Boateng, government’s immediate support will be to patronise his products …

Senegalese and Liverpool mercurial player Sadio Mane has won the 2019 African Player of the Year award. He won the prestigious award for the first time in a ceremony held in Cairo this evening. Mane beat compatriot and club mate Mohammed Salah of Egypt-winner in 2017 and 2018 and Algerian …

The Coalition of Aggrieved Customers of Menzgold, has reiterated its intention to appeal to the international community to help with the retrieval of their locked up investment. The company since its collapse in 2018 following a suspension order from the Securities and Exchange Commission, has been struggling to refund monies …

The Confederation of African Football (Caf) will crown its 2019 Player of the year at its awards ceremony in the Egyptian coastal resort of Hurghada on Tuesday. Algeria’s Manchester City star Riyad Mahrez is up against the Liverpool duo of Sadio Mane of Senegal and Egypt’s Mohamed Salah for the …

There appears to be confusion over disbursement of funds by Menzgold Ghana to its customers. While management of the embattled gold collectables firm says nearly 200 customers of the company have been paid their funds which were locked up for months, some customers have vehemently denied receiving such monies. The …

The growth rate in commercial banks’ deposits has slowed down amidst the reforms undertaken by the central bank to strengthen the sector. The Bank of Ghana in its latest banking sector report stated that deposits, as the main source of funding for the banking industry, grew by 17.1 percent in …