BUSINESS

Member of Parliament for North Tongu, Samuel Okudzeto Ablakwa has published new documents relating to the now controversial new head office of the Bank of Ghana (BoG). The documents relate to correspondence between the Ministry of Finance and the central bank on among others, the issue of variation of project cost. The most recent …

Menzgold Ghana has announced the cancellation of a paid customer validation process in its efforts to facilitate the processing of payments for its aggrieved customers. In a letter dated August 18, 2023, the company informed its clients that this validation is necessary following the initial assessments, which according to them …

Mohammed-Muntaka Mubarak, the Member of Parliament of Asawase appears to have broken ranks with the National Democratic Congress over the 10% withholding tax on sports betting. Whiles the party through its young wing has declared their official stance which is a complete rejection of the controversial tax policy, Muntaka Mubarak has welcomed it. According …

New Patriotic Party flagbearer hopeful, Kennedy Agyapong, has asserted that some financial institutions disclose the monies in their customers account(s). He stated that some banks leak information on the amount of money ministers and other public officials have. In a 3news report sighted by GhanaWeb Business, Kennedy Agyapong is reported to have said in an …

The cars which were used in the Accra to London adventure are being shipped back to Ghana after the participants had completed their trip. The cars the travelers used for the expedition included two land cruisers, a Raptor, a Defender, a G63, and an RX350. A few days ago, news …

Minister of Foreign Affairs and Regional Integration, Shirley Ayorkor Botchwey, has gone berserk over the demand of GH¢2,000, GH¢3,000 by middlemen who connive with some staff for the acquisition of passport. Describing it as wrong, the minister wondered how a GH¢100 standard service and a GH¢150 for expedited service be …

  UBA Ghana and the United Nations Development Programme (UNDP) have signed a Memorandum of Understanding (MoU) to support youth and women-led micro, small and medium scale enterprises (MSMEs) in Ghana.   The partnership is expected to scale up youth and women-led MSMEs, increase jobs, drive revenue and contribute significantly …

Majority Leader in Parliament and Minister for Parliamentary Affairs Osei Kyei-Mensah-Bonsu has justified the decision by the Bank of Ghana(BoG) to build a new headquarters. According to him, building a new headquarters for the BoG will in the future serve as a Headquarters for ECOWAS’ new currency ECO when it is successfully …

Chief Executive Officer of defunct Menzgold Ghana Limited, Nana Appiah Mensah, otherwise known as NAM1 has said over 60% of customers are ineligible for payment after the validation process. He said the claims submitted by these affected customers were fraught with several flaws. In a statement sighted by GhanaWeb, NAM1 said the defects …

The International Monetary Fund (IMF) has justified the Bank of Ghana’s GH¢60 billion impairment loss recorded in the 2022 fiscal year. The Bretton Wood institution in a post captured on its website about Ghana on August 10, 2023 said there is no cause for alarm. It upheld the position that the Bank of Ghana suffered …