Business

Terkper Hot Over NHIS

The Minister of Finance, Seth Terkper, had a very tough time answering an urgent question in Parliament yesterday. The...

Read More »

Bank of Ghana to close-down over 100 illegal microfinance companies

The Bank of Ghana is finalizing moves to clamp-down on over hundred microfinance institutions across the country for operating without the requisite licence. It follows the storm of financial distress that shook the industry in the last two years – which saw several companies abscond with depositors' funds.The Central Bank is set to release the list of the...

Read More »

Kosmos Energy Ghana and Safe Water provide water for 19 communities

Accra , March 05, GNA - Kosmos Energy Ghana (KEG) and Safe Water Network have completed the third and final phase of a water project to bring clean and safe water to 19 communities in its operation districts...

Read More »

DIC fails to recover over 21 million dollars on sale of state enterprises

Accra, March 5, GNA - Finance Minister Seth Terkper, on Wednesday disclosed that the Divestiture Implementation Committee (DIC) failed to recover an amount of US$21.3 million and GH ¢ 4 million from the sale of five state-owned enterprises to private individuals and institutional investors.The...

Read More »

Health Insurance Fund bagged GH¢ 1.6 billion in 2013/2014

Accra, March 05, GNA - The Ministry of Finance remitted over GH ¢ 1.6 billion into the operational accounts of the National Health Insurance Fund for the 2013 and 2014 fiscal years.Government transferred GH ¢ 828.4 million and GH ¢ 1.06 billion into the Fund's account in 2013 and 2014 respectively for the payment of claims of service providers.Finance Minister Seth Terpker, who disclosed this on Wednesday on the Floor of Parliament, said although Ghana's economy experienced macro-economic challenges in those years, government ...

Read More »

Smaller Telcos Run To NCA For Cover

Adom News can confirm that smaller telcos in the country, led by Airtel Ghana are seeking cover under the National Communications Authority against low tariff promos by the bigger telcos while Vodafone and Tigo fight back.Airtel actually wrote to NCA and proposed a number of regulatory regimes including controls on off-net (calls from one network to another) and on on-net (calls within same network) tariffs and the need to declare a significant market player (SMP) as a tool to control competition.Subsequent to ...

Read More »

LEAP 1,000 launched in Tamale

Tamale, March 5, GNA - The Ministry of Gender, Children and Social Protection on Wednesday launched the Livelihood Empowerment Against Poverty (LEAP 1000) project in Tamale, to target pregnant women with children under 12 months to improve their living conditions.The USAID is funding the $12 million project, while the government of Ghana with the UNICEF would implement it. So far, ...

Read More »

‘Dumsor’ Affects Trade Fair

Murtala Mohammed cutting sod for the commencement of GTFC 2015. Acting...

Read More »

Gov’t Still Owes BDCs GH¢1.5bn

Moses Asaga, NPA boss(left) and Senyo Horsi The Chamber of Bulk Oil Distributors (BDCs) has denied claims by the National Petroleum Authority (NPA) that it has paid all debts owed the Chamber.The Chief Executive Officer (CEO) of the Chamber, Senyo Hosi, in an interview with the media recently, disclosed that government owed them about GH¢1.5 billion.'We are heavily owed by government,' he said, adding...

Read More »

UMB staff promise to support new Managing Director, John Awuah

Staff of Universal Merchant Bank (UMB) have vowed to support the bank's new Managing Director John Awuah in a bid to successfully re-brand the financial institution.Speaking on behalf of the staff, UMB's Director Finance and Administration, Sam Acquaye, said "We look forward to the continued success of the UMB brand under his (Mr Awuah) direction."Click here for more in a

Read More »