BUSINESS

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, …

It has emerged that Crane Currency, a currency and security printing company in the United States of America (USA), printed the newly introduced GH¢200 and GH¢100 banknotes for the country. Information available to the GRAPHIC BUSINESS indicated that Crane Currency, which prides itself as being in the currency business for …

MTN Ghana has expressed deep concern about the recent sanctions by the National Communications Authority, considering what it describes as the efforts put in place to resolve the issues following the receipt of varied complaints on December 2, 2019. The telecom regulator fined the telecommunications giant a total of GHS110, …

The management of GHACEM cement has announced an increase in the prices of its products. The new prices will take effect from Wednesday, 11 December 2019. A statement signed by Commercial Director for GHACEM, Nana Phillip Archer, on Monday, December 9 said the upward adjustment is due to, among other …

Tullow Oil Plc’s chief executive officer and exploration director quit after the company cut its production outlook and suspended the dividend. The shares tumbled, deepening their loss for the year to more than 60%. CEO Paul McDade and exploration chief Angus McCoss resigned with immediate effect, marking the exit of …

Menzgold has said it will announce a payment schedule and formula for its customers on December 18. It comes after the company asked customers whose funds have been locked up to visits centres across the country to validate their documents. The latest notification is silent on when payment, which is …

Chief Executive Officer(CEO) of the Ghana Integrated Aluminium Development Corporation (GIADEC), Michael Ansah, has said that the corporation will have a 30 per cent minimum stake in business entities selected to mine Ghana’s bauxite. “The Act through which GIADEC was created stipulates that, the corporation must own 30 per cent …

The Social Security and National Insurance Trust (SSNIT) says it will from February 2020 cease payment of monthly benefits to all pensioners who fail to biometrically register with the scheme. All names pensioners on SSNIT who have not done the biometric registration the scheme will automatically have their names deleted …

Black Stars B coach Maxwell Konadu is on the brink of returning to former club Asante Kotoko. The 47-year-old is in advanced talks and is expected to sign a three-year with the Kumasi-based club before the start of the Ghana Premier League on December 28. Both parties are satisfied with the …

Messi-less lightning strikes Chiengi team, ECL mourns FIVE players, two of them brothers, from a local amateur football club with a famous name in Chiengi, Luapula, have been killed by lightning. The local community was plunged into mourning on Sunday when lightning struck a field the players were cultivating as …