Business

Is Nduom’s bank in trouble in Liberia?

General News of Sunday, 11 August 2024 Source: www.ghanaweb.com Ghanaian businessman and politician, Dr. Papa Kwesi Nduom There are contradictions from Liberia on SIB Liberia Limited, a commercial bank owned by Ghanaian businessman and politician, Dr. Papa Kwesi Nduom. According to a report by frontpageafricaonline.com, SIB Liberia Limited is one of two major commercial banks operating in Liberia facing insolvency issues, prompting ...

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Ghana’s $20 million rice scandal

Thursday, 21 February, 2002, 03:31 GMT Former Vice President of Ghana John Atta Mills has testified in the country’s High Court in a $20 million rice plantation case. Five government officials in the administration of former Ghanaian President Jerry Rawlings currently on trial over the loss of project funds, include two former ministers and the chief of staff at the ...

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Ghana Card mandatory for all foreign currency transactions effective August 1 – BoG

Business News of Thursday, 1 August 2024 Source: classfmonline.com File photo of Cedi and US Dollar notes   The Bank of Ghana has mandated the use of the Ghana Card for all foreign currency transactions. “All persons seeking to buy or sell foreign currencies must provide a Ghana Card or Passport (for Foreign Nationals) and undergo biometric verification,” the BoG said in a ...

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Parliament passes Shippers’ Authority Bill into Law

Business News of Tuesday, 30 July 2024 Source: thebftonline.com   CEO of Ghana Shippers’ Authority, Kwesi Baffour Sarpong and Transport Minister, Kwaku Ofori Asiamah   Parliament passed the Ghana Shippers’ Authority Bill, 2024, into law on Monday, July 29, 2024 folllowing its successful 3rd reading on the floor of the House. Among others, the law which amends its 50 years old establishment ...

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€1.5m Tax Waiver: Majority commends Minority for approval

Business News of Tuesday, 30 July 2024 Source: classfmonline.com Parliament of Ghana The Chairman of Parliament’s Finance Committee, Patrick Yaw Boamah, has praised the Minority caucus for supporting recent tax waivers approved by the legislature, describing it as a significant step towards deepening parliamentary collaboration. As Parliament prepares to adjourn sine die on Tuesday, July 30, 2024, the House has approved a €1.5 million ...

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AU endorses Akufo-Addo’s proposal for increased MoMo interoperability across Africa

Business News of Tuesday, 30 July 2024 Source: GNA President Nana Addo Dankwa Akufo-Addo   The African Union (AU) has endorsed President Nana Addo Dankwa Akufo-Addo’s proposal for mobile money interoperability across Africa. The proposal considered a crucial step toward the continent’s economic integration, seeks to facilitate smooth economic transactions and increase intra-Africa trade and development. The AU Heads of State ...

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We cannot complete Kumasi central market project before elections – Sam Pyne

Business News of Tuesday, 23 July 2024 Disclaimer Source: starrfm.com.gh Chief Executive Officer of KMA, Samuel Pyne The Chief Executive Officer of Kumasi Metropolitan Assembly (KMA), Samuel Pyne, has announced that the government has released funds for the stalled central market project to resume. Contrata, the construction firm, had left the site and terminated staff appointments, leaving only security and top ...

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We’re getting out of the woods, economy grew 4.7% in Q1 2024 – Finance Minister

General News of Tuesday, 23 July 2024 Source: www.ghanaweb.com Minister of Finance Dr. Mohammed Amin Adam The Minister of Finance, Dr. Mohammed Amin Adam, has said Ghana’s economy is showing strong signs of recovery, with a 4.7% growth in the first quarter of 2024. He mentioned that this was positive development which demonstrates the resilience of government’s economic policies to restore ...

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FULL TEXT: Finance minister’s 2024 Mid-Year Budget Review

General News of Tuesday, 23 July 2024 Source: www.ghanaweb.com Dr Mohammed Amin Adam is the Minister of Finance The Minister of Finance, Dr. Mohammed Amin Adam, presented the 2024 Mid-Year Budget Review to Parliament on Tuesday, July 23, 2024. This is in accordance with Section 28 of the Public Financial Management Act, 2016 (Act 921) which requires the minister to provide ...

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