BUSINESS

The identification of human remains from the crash of Ethiopian Airlines Flight 302 is complete, the head of Ethiopia’s police said late on Monday, six months after the plane nosedived into farmland outside the capital Addis Ababa. The investigation was “very challenging”, said Endeshaw Tassew, commissioner general of the Ethiopian …

The Ghana Private Road Transport Union (GPRTU) says effective September 16, public transport fares will go up by 10 per cent. Explaining the basis for the increment, the Union said the various components that go into the running of commercial transport services has gone up. “This is to accommodate predominantly …

Former CEO of defunct UT Bank, Kofi Amoabeng, has criticised the Bank of Ghana’s procedure for closing banks, citing the closure of his bank as a case in point. “We didn’t need policemen at dawn – at 6 am as if it is a Rawlings coup. And then GCB staff …

Gold Coast Brokerage has announced the resignation of Dr Papa Kwesi Nduom and Patrick Kobina Anumel from the board of the company. The company has also changed its name to Teak Tree Brokerage Limited. In a circular to investors on Monday, the following individuals have also been appointed to the …

A new anti-money laundering and terrorist financing report published by Swiss-based Basel Institute of Governance has seen Ghana moving up six places. Last year, Ghana ranked 66th out of 125 countries in the Anti Money Laundering Index.  But with a score of 5.29, the country jumped to 60th position in the latest …

Former Finance Minister, Seth Terkper, has said he cannot accept blame for the circumstances that led to the collapse of some local banks in the country. According to him, several laws and regulations were put in place in order to regulate the financial sector when the National Democratic Congress (NDC) …

The General Transport, Petroleum and Chemical Workers Union (GTPCWU), has called for a reduction in the price of fuel to help ease the cost of living of Ghanaian workers. According to the national secretariat of the union in a statement issued recently, the frequent unannounced fuel price hikes were dealing …

The banking sector received about GH¢1.5 billion in fresh capital last year as banks moved to meet the Bank of Ghana’s December 31, 2018 deadline to meet the minimum capital requirement, a PwC survey has shown. The BoG’s directive to the banks provided three sources of meeting the GH¢400 million …

Contrary to earlier claims by the government that is not providing some GH¢800 million to the Ghana Amalgamated Trust (GAT) to support NIB and ADB, it is emerging that such a move has actually been initiated. The minority in parliament through its spokesperson on Finance Isaac Adongo last Tuesday accused …

The astute and affable business mogul Alhaji Salamu Amadu has been honored by the Pan African Leadership and Entrepreneurship and Development Centre (PELEDEC) at the 3rd edition of the child summit held at the British Council in Accra. This award is in recognition of his philanthropic work in supporting the …