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) ...

The 2018 Ghana Garden and Flower Show has opened in Accra with a call for more efforts towards the plant, garden and flower sector due to huge economic benefits. Mr Ron Strikker, the Netherlands Ambassador to Ghana, who made the call, said plants, flowers and gardens provided huge employment and economic benefits for Netherlands saying that, there were currently 3000 ...

The Turkish Government has expressed interest in partnering the Government of Ghana towards the operation of the proposed national airline. The Turkish Ambassador to Ghana, Madam Nesrin Bayazit, made this known when she paid a courtesy call on the Minister of Aviation, Joseph Kofi Adda in Accra, on Wednesday. She said the Turkish Airlines had the biggest network in Africa ...

Government has terminated eleven out of the thirty Power Purchasing Agreements (PPAs) signed by the Electricity Company of Ghana(ECG) during the previous administration. This follows a recommendation by a review committee led by the Energy Commission, which was constituted by the Ministry of Energy to review all the PPAs signed by ECG. Aside the cancellation, the Committee also recommended that ...

It has emerged that auditing firm, PricewaterhouseCoopers (PwC) has recovered huge sums of money from some banking officials in the wake of the financial crisis. This came to light during the Parliamentary probe into the banking crisis that has forced the Central Bank to roll up seven indigenous banks, five of which were merged to form The Consolidated Bank Ghana. ...

The Finance Minister, Ken Ofori Atta has written to the Chief Executive Officer of the Ghana National petroleum Commission demanding answers to why the commission sold Ghana’s TEN crude oil lower than the lowest on the market. A letter addressed to the GNPC CEO and sighted by Starrfmonline.com said as a result of the low pricing of the crude by ...

President Nana Addo Dankwa Akufo-Addo, has welcomed the decision by German car manufacturing giant, Volkswagen, to establish a vehicle assembly plant in Ghana. According to the President, an agreement between Volkswagen, the Government of Ghana, and a local Ghanaian company for the assembly, and, ultimately, the production of automobiles in Ghana has been reached, after a business meeting between officials ...

Chief Executive Officer for Universal Merchant Bank (UMB), John Awuah, has hinted that his bank is committing a total of $10.8 million towards the establishment of a district factory in the Pru district of the Brong Ahafo region. According to him, it is a realization of a promise his outfit made to the President in 2017 when they visited him ...

Patrons of domestic air travel should get access to alternatives by the end of August 2018. This is because a new airline, Passion Air, has joined the space to provide air transport services for the local market. This brings to two, the number of airlines operating in Ghana’s domestic aviation market. Speaking at the official ceremony to inaugurate Passion Air’s ...