The Auditor General, Daniel Domelevo has bemoaned what he calls the decline in the quality of work undertaken by all kinds of Ghanaian professionals. According to him, the standards in professions such as accounting, auditing, engineering and vocations such as tailoring and dressmaking have fallen low to the extent that Ghanaians prefer the services of expatriate professional workers. Speaking at ...

The Founder of Groupe Nduom has appealed to customers of his bank, GN Bank to cease panic withdrawals that have hit the bank in recent times. Dr. Papa Kwesi Nduom noted that his bank is financially sound and the panic withdrawals would rather affect the bank. He told traders at the car parts retail market at Abosey Okai in Accra ...

Managing Director of the Cocoa Marketing Company, Joe Forson, has rubbished the Minority’s claims that government is shortchanging cocoa farmers by deciding to maintain the producer price of cocoa for the 2018/2019 crop season. The Minority has accused government of being insensitive to the plight of cocoa farmers, after it maintained the producer price of cocoa at GH¢7,600 per tonne, ...

The World Bank has rated Ghana among the highest growing economies in Sub-Saharan Africa. Speaking to media men at the launch of the 18th edition of Africa’s Pulse, a bi-annual analysis of the state of African economies, a Program Leader with the World Bank, Errol Graham, said Ghana is helping drive the overall growth of the region with its 8.1% ...

The Bank of Ghana has shutdown Dancom Microfinance Ltd and also caused the arrest and prosecution of the Directors of the firm for engaging in deposit-taking activities without a licence. According to a statement from the BoG, Dancom Microfinance Ltd was not licensed to engage in microfinance business as per section 6 (1) of the Banks and Specialised Deposit-Taking Institutions ...

Emirates Airlines Captain Solomon Quainoo is urging the youth to be determined and work hard in life to enable them to achieve goals they set. The Ghanaian-born pilot who flew one of the world’s biggest aeroplanes, Airbus A380 to Ghana for the first time, in an interview with JoyBusiness, said, with the right passion any dream is achievable. “I will ...

As part of the effort to control counterfeit products on the Ghanaian market and enable government block tax leakages, the Ghana Revenue Authority has begun its Excise Stamp enforcement exercise. The exercise is to ensure product manufacturers comply with the Excise Tax Stamp policy which is to be affixed on all excisable products. In September 2018 , Commissioner-General of the ...

The Public Affairs Manager of First Allied Savings and Loans, Jones Owusu says the company cannot put out a date for repaying deposits to its customers because any such announcement may lead to the collapse of the business. According to Mr Owusu, chaos greeted a similar announcement last month and repeating same would inadvertently collapse the bank because of the ...

Ashanti Regional Minister, Simon Osei Mensah has said a petition by customers of First Allied Savings and Loans will be referred to the government’s economic management team. The move, he said, will bring a lasting solution to the over four months old impasse between customers and management of the financial institution. “We will meet officials of First Allied Savings and ...

A government sanctioned forensic audit has revealed that the acquisition of helicopters worth over $61 million by Ghana National Gas Company (GNGC) caused financial loss to the state because the choppers were never utilized. The four Z-9EH helicopters bought from China for surveillance by Ghana Gas during the previous Mahama administration at the total cost of $100 million ($25m each) ...