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Accra,Ghana
Friday, April 20, 2018
Finance Minister Ken Ofori-Atta, has observed that prospects for Ghana issuing a possible Samurai bond in the medium term looked good, judging from the interaction and reception accorded the Delegation on the Non-deal investor road show to Tokyo. Speaking to selected International Journalists in Tokyo at the end of...
Finance Minister Ken Ofori-Atta on Friday told Japanese businesses that the current stable macro and political environment is an opportune time for them to launch into the West African region using Ghana as the hub. “We are now combining politically stable environment with fiscal consolidation and macro stability and...
A staff of Jospong Group of companies, Ms. Brigitte Therson-Cofie has been honored at the maiden conference of Women in logistics and Transport (WiLAT), held in Accra to acknowledge the role of women in nation building. The forum which was under the theme “Women in Logistics and Transport, an...
Economist and Head of Finance at the University of Ghana Business School, Prof. Godfred Alufar Bokpin has called on the Central Bank to initiate a 15-year plan towards the increase of minimum capital requirements for banks. The central bank raised the minimum capital requirement to GH¢400 million, equivalent to...
Financial Analyst, Sydney Casely Hayford has described as unnecessary the trip to the Jubilee House by heads of local banks to petition the President over the raised minimum capital requirement by the Bank of Ghana. The central bank last year hiked the minimum capital requirement to GH¢400 million, equivalent...
The Bank of Ghana (BoG) in 2016 received reports of a total of 1,001 fraud cases from universal banks, non-bank financial institutions (NBFIs) and rural and community banks (RCBs). The cases, according to the Payment Systems Oversight Report of the Central Bank included the suppression of customer accounts by...
A former MASLOC boss under the NDC government Sedina Tamakloe Attionu has denied allegation of misappropriation against her by the Economic and Organised Crime Office (EOCO). An audit report making rounds in the media claims Mrs Tamakloe withdrew ¢500,000 of MASLOC cash invested with Obaatampa Microfinance but failed to...
The Council of State has advised local banks to consider merging in order to meet the new capital requirement by the Central Bank. It comes after the banks petitioned the Presidency and the Council of State over the amount and timelines to achieve the new capital requirement. The central...
Minister of Water Resources and Sanitation Joseph Kofi Adda The Sanitation Ministry is yet to determine how much the import levy on plastic raw materials has accrued since its introduction in 2015. The 10 percent levy which is being charged on some raw materials used in the production of plastic...
Foreign investors are asking prospective local partners to bring more to the table if they are to be taken seriously in joint ventures. Many foreign investors are lamenting the practice where Ghanaians tend to offer parcels of land as their share of capital when entering partnerships. This could derail...