BUSINESS

President Nana Addo Dankwa Akufo-Addo, says his government has succeeded in turning around the fundamentals of Ghana’s economy, which he inherited from the Mahama administration, ensuring that, currently, all the fundamentals are pointing in the right direction. According to President Akufo-Addo, “we inherited a situation with a large fiscal deficit, …

The concession agreement for the construction of the Accra Sky Train Project has been signed on the sidelines of the ongoing African Investment Forum in Johannesburg, South Africa. The signing of the agreement means feasibility studies, spanning a period of nine months to determine the bankability of the project will …

The Securities and Exchange Commission (SEC) has asked customers of the collapsed fund management firms to visit CBG branches from Tuesday to validate their documents in order to receive payments. According to the Deputy Director-General for SEC Paul Ababio, customers will receive text messages showing them the processes to receive …

Listen to the Audio below A distraught customer of First Banc Financial Services at the Airport residential area in Accra has shared his frustrations after the closure of 53 struggling fund management companies by the Securities and Exchange Commission. The aggrieved customer of the now-defunct financial firm told Joy News’ …

Senior Minister Yaw Osafo Marfo is worried about the alarming rate of the country’s importation of goods. He said the country currently importing flowers thrice in a week from South Africa is an absurd situation which is unacceptable. Speaking at a gathering on behalf of President Akufo-Addo at the opening of …

Senior Minister Mr Yaw Osafo Maafo has come to the defense of his two sons, Kofi Bosompem Osafo Maafo and Kwadwo Gyamfi Osafo Maafo for taking over positions in government agencies at a time their father said the system was choked. He argues that the two ‘qualified boys’ aced the …

The new Champions of the prestigious Copa Lagos Beach Soccer Club Tournament have been promised “special packages” by the Ghana Football Association (GFA) and Ministry of Youth & Sports. The assurances were given to Sunset Sports Club when officials and players of the team presented their laurels to the Ghana …

Groupe Nduom Limited has reacted to the Securities and Exchange Commission’s revocation of licenses of 53 fund management companies, which includes Blackshield Capital Management (formerly Gold Coast Fund Management). According to Groupe Nduom, the entity representing the interests of the majority shareholders and founders of Blackshield, the SEC’s assertion that …

The Securities and Exchange Commission (SEC) has revoked the licenses of 53 Fund Management Companies. SEC, in a statement explained that the revocation follows the companies’ failure to “return client funds which remain locked up and in a number of cases, have even folded up their operations.” “Essentially, they have …

The Accra High Court has ordered Menzgold Ghana Limited, a gold dealership firm to refund GH¢2,664,000 owed to some 58 soldiers. The court, presided over by Justice Angelina Mensah-Homiah J. in a November 4, 2019 ruling, however, refused to enforce the contractual interest at the rate contained in the respective …