Business

Adding existing companies to 1D1F appropriate – Alan Kyerematen

The Minister of Trade and Industry, Alan Kyerematen has downplayed criticisms over government decision to support existing companies and list the same as part of One District One Factory (1D1F) projects. He said government believes in order to promote rural industrialization such companies must be supported. “I’m happy also that they are making an appeal in front of the media ...

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We retrieved our locked-up capital through Kumasi Mayor – Collapsed MFIs customers

Some customers of collapsed savings and loans and finance houses, who will from Wednesday, September 16, 2020, receive their locked-up capital, have expressed gratitude to the Chief Executive of the Kumasi Metropolitan Assembly. According to the Leader of the Coalition of Affected of Savings and Loans Customers, the Mayor Osei Assibey Antwi was very instrumental in their quest to retrieve ...

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All depositors of failed Microfinance companies to receive full cash payment from today

The government has said in line with its commitment to protect depositors funds and to shore up public confidence in the financial system, it has made available to the Receiver of the failed Micro Finance Companies as well as the Official Liquidator of the Micro Credit Companies in official liquidation a combination of cash and commercial paper totalling approximately GH¢6.49billion ...

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High value markets identified for Ghana’s sweet potatoes

The Ghana Export Promotion Authority, in a new report released this month, has identified several European markets that the country’s exporters of sweet potatoes should seek to exploit. Although Ghana’s sweet potatoes exports grew by 23.3 percent in 2019, to reach US$434,000 up from US$333,000 in 2018, the country’s share of the global market is still an insignificant 0.1 percent, ...

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Okada debate: Mahama should as well legalise sakawa to create more jobs – Drivers

The Ghana Committed Drivers Association (GCDA) has said former President John Dramani Mahama might as well legalise sakawa (fraud) if he wants to legalise the Okada business (use of motorcycle for commercial purposes). The group’s leader, Mr Charles Danso, told Odiasempa Apomasu Mensah on Accra100.5FM’s midday news on Thursday, 27 August 2020 that if the flagbearer of the National Democratic ...

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500 former ‘galamseyers’ receive vocational and technical skill

The Minister for Local Government and Rural Development has disclosed that over 500 youths, who were previously engaged in illegal mining have received training in Technical and Vocational skills and have been supported with start-up tools and equipment, through the Alternative Livelihood Programme. Addressing the media in Accra Wednesday, Hajia Alima Mahamasaid the beneficiaries were drawn from 35 severely affected ...

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I’ll return seized mining concessions to original owners – Mahama

Former President John Dramani Mahama says he will return mining concessions which have wrongfully taken from their original owners back to them if he wins the December polls. Speaking at the Manhyia Palace in Kumasi Wednesday while introduidng his runningmate to Otumfuo Osei Tutu, Mr Mahama said an NDC government will ensure equitable distribution of national resources. “The other time, ...

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ACEP warns against NDC’s ‘risky’ comments about Agyapa Royalties deal

The Africa Center for Energy Policy (ACEP) has said plans by theNational Democratic Congress (NDC) to cancel the controversial Agyapa Royalties deal if it wins power raises the risk of the deal. Opposition NDC flagbearer, John Dramani Mahama, said recently that his government will cancel the deal because it fails the test of transparency. However, Executive Director of ACEP, Benjamin ...

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FULL TEXT: Second Deputy BoG Governor speaks on Corporate Insolvency and Restructuring Act

Members of the Governing Council and Executives of GARIA Distinguished GARIA Members, Distinguished Resource Persons Invited Guests, Ladies and Gentlemen Good morning. I bring you warm greetings and felicitations from Governor Ernest Addison and the entire management team of the Bank of Ghana. I am truly humbled to have been called upon to give the keynote address at this very ...

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