BUSINESS

Most money launderers around the world use West Africa (WA) as their entry point into Europe, Naa Welbeck Anuonyam, an Official at the Financial Stability Department of the Bank of Ghana, has said To that end, she said Ghana is taking the fight against money laundering seriously due to the …

A number of agencies and market women were consulted by officials of the Bank of Ghana (BoG) for their inputs into the decision that went into the introduction of the GH¢200 and GH¢100 notes, Mr Phillip Ottoo, Director of Research at the BoG, has revealed. Speaking at a training workshop …

Leader of Ghana Freedom Party (GFP), Madam Akua Donkor says she will not pay the 10,000-cedi cost awarded against her by the Supreme Court. The Supreme Court in dismissing Akua Donkor’s suit against President Nana Akufo-Addo and vice president Dr Mahamudu Bawumia on November 27 asked the politician-cum-farmer to pay …

A policeman at Manso Datano in the Ashanti Region has been arrested and detained for allegedly raping the wife of a suspect in custody. He has also been interdicted by the police administration. The policeman is said to have raped the victim several times at the Manso Datano Police Station …

German Ambassador to Ghana, Christoph Retzlaff has confirmed that the German car manufacturer, Volkswagen (VW) will from early 2020 commence the first phase for the establishment of an assembling car plant in Ghana. According to him, the second phase of the assembling plant will also be established at new premises …

Shoppers in Ghana and across the world have yet again participated in one of the world’s exciting shopping experiences. The Black Friday usually offers shoppers outrageous reduction in prices on all kinds of items. Although not a very common experience in Ghana, the day is gradually gaining recognition. Citi Business …

The ongoing trial of former COCOBOD Chief Executive, Dr. Stephen Kwabena Opuni and businessman, Seidu Agongo, on Wednesday recorded another shocking moment with the Attorney General’s third prosecution witness rejecting the state’s most vital exhibit; the powdered lithovit foliar fertilizer entered into evidence last year. The exhibit is at the …

Power Distribution Services Limited (PDS) has said it is “carefully weighing its options” as far as its response to the Government of Ghana’s termination of its power distribution deal with the private firm, adding that it “continues to reserve all its rights under the transaction agreements and applicable laws to …

The Bank of Ghana, BOG has asked market players not to panic because they have adequate dollars to stabilize the cedi. The BOG gave the assurance in a circular issued to all commercial banks in the country. According to Joy FM’s report, the circular could be seen as the fresh …

The Governor of the Central Bank of Ghana, Dr Ernest Addison has explained the rationale behind government’s policy decision to introduce new Bank notes of Ghc100, Ghc200 and 2Ghc coin. Addressing a presser covered by MyNewsGH.com, the Governor said “twelve years after the redenomination exercise, sustained periods of high inflation …