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Accra,Ghana
Friday, April 20, 2018
Telecom giant MTN has blocked about seven mobile money merchant accounts used for the operations of Ponzi scheme Savana Brokerage, Starr business has learnt. The action comes after Starr Business broke the news of over GHC2 million in investment by Ghanaians that has been locked up with the Kenyan...
An economist Prof. John Gatsi believes the Bank of Ghana’s directive to KPMG to manage indigenous bank – uniBank – was “politically motivated.” The Central Bank, as regulators, has handed over managerial powers of uniBank to the audit firm, at least for the next six months, because the bank’s...
The Bank of Ghana has assured customers of uniBank that their savings are safe, despite handing over management of the financial outfit to KPMG. The Central Bank, as regulators, said the audit firm will manage uniBank for at least six months, because the bank’s “capital adequacy ratio (CAR) has...
Thousands of customers of an online investment scheme, Savana Brokerage,  are counting their losses as the digital platform has been inaccessible for weeks. It is estimated that funds amounting to over GHC2million was invested across the country by Ghanaians. The Central Bank and the Securities and Exchange Commission; the...
People who have no access to bank accounts or other financial services – typically women and the youth – are unable to send and receive payments or store money. This puts a brake on their contribution to economic growth. On the other hand, when these excluded groups, particularly unbanked...
The Foreign Affairs and Regional Integration Minister, Shirley Ayorkor Botchway, has charged chief directors to help propel the Ghanaian economy to greater heights through their work at the various Ministries in the country. Delivering her closing remarks at a macro-economic policy dialogue for Chief Directors of all Ministries in...
The Millennium Development Authority (MiDA) and the Northern Electricity Distribution Company (NEDCo) have signed an Agreement which paves way for MiDA to release funds for four key project activities valued at US$65.7 million in the distribution company’s operational area. The activities come under the NEDCo Financial and Operational Turnout...
The Government of Ghana and the African Development Fund (ADF) have signed a $39.01million loan agreement to support government’s Planting for Food and Jobs (PFJ) programme. The loan agreement was signed on behalf of the Government of Ghana by the  Minister for Finance Ken Ofori-Atta whilst  Dr. Otto H....
The Public Utilities and Regulatory Commission (PURC), has gazetted the recently announced electricity tariff reduction. The announcement comes after former Energy Minister, John Jinapor questioned why the new tariff had not been gazetted. In an article he said; “Electricity Consumers were informed recently that their Tariffs have been reduced...
Consumers of power will begin to feel the impact of the much awaited cut in tariff by the beginning of next month instead of the March 15 date publicised by the Public Utilities Regulatory Commission (PURC). This is because the ECG says its meters will have to be calibrated...