BUSINESS

GUTA in talks with foreign ministry over silence on Nigeria border closure

Ghana Union Traders Association (GUTA) is in a meeting with the Foreign Affairs Ministry to deliberate on government’s silence over the Nigerian border closure in the past two months. Dr. Joseph Obeng, the president of the union in an earlier interview with GhanaWeb, said they are discontent with the way …

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Yingli Namene submits proposal to construct 50 megawatts solar energy

Yingli Namene West Africa Limited, solar energy designing, developing and installation company, has submitted a proposal to government to construct a 50 megawatts rooftop solar energy for government buildings. The proposal is in line with the Ministry of Energy’s plan to improve renewable energy penetration from less than five per …

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BoG orders closure of ‘illegal’ forex bureau

The Bank of Ghana (BoG) on Tuesday ordered the closure of Aero Cash forex bureau operated by two Nigerians in Dzorwulu, Accra. This is due to failure by the operators to provide relevant documents to the Bank of Ghana to ascertain the legality of their operations. A team from the …

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I Wanted Ronaldo To Stay At Real Madrid – Messi

The Argentine believes that the Portuguese’s presence gave star quality to the league and El Clasico while he is not targeting more Ballon d’Or glory. Barcelona star Lionel Messi has admitted that he wanted Cristiano Ronaldo to stay with Real Madrid. The pair have set the standard for individual performances over the …

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Ato Essien, Other Sued Over Capital Bank Collapse

The State has sued former Chief Executive Officer (CEO) and Managing Director of defunct Capital Bank, Ato Essien and Fitzgerald Odonkor and two others over the collapse of the bank. The state in its suit levelled 26 different counts of charges against the four which included Kate Quartey-Papafio and Tetteh …

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You’re corrupt if you work less than 8 hours – Osafo Marfo warns

Senior Minister Yaw Osafo Marfo has stated that all those who work less than the usual eight hours are corrupt. Corruption is not only in terms of monetary values, but poor attitude to work that stalls productivity and cripples the country’s economy, he said on Tuesday at a stakeholders meeting …

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CAL Bank sheds 14.29% on the Ghana Stock Exchange

Eight days into the month of October, the Ghana Stock Exchange (GSE) saw 58,219 shares trading at a market value of GHS 68,976.16. Closing with an all losers market; the worth of the exchange declined by 0.37% (GHS 207.22million) to end the day at GHS 56,091.17 million. CAL Bank (CAL) …

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Banking crisis: Oscar Doe blasts Ofori-Atta, BoG boss, says they lack vision and love for Ghana

Oscar Yao Doe, the Chairman of Doscar Group, has yet again brought to questioning the personalities of Finance Minister; Mr. Ken Ofori-Atta, Governor of the Bank of Ghana; Ernest Addison and Nii Amanor Dodoo; a former principal partner at KPMG Ghana, for their roles in the banking crisis in the …

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Opuni, Agongo lawyers cause yet another delay in proceedings

The Accra High Court adjudicating the case of former Ghana Cocoa Board (COCOBOD) CEO, Dr Stephen Kwabena Opuni and businessman, Mr Seidu Agongo, on Monday, October 7, 2019 forced to adjourn the matter for a month to allow the Court of Appeal make a determination on yet another stay of …

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$1m MoF Kroll payment: A-G to surcharge Osafo-Maafo

Auditor-General Daniel Yaw Domelevo has revealed exclusively to Class91.3FM in a yet-to-be-aired interview on ‘State of The Nation’ hosted by Blessed Sogah next week Wednesday that he will surcharge Senior Minister Yaw Osafo-Maafo in the second week of October 2019 if the former Finance Minister fails to provide evidence of …

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