Category: Business

We’ll terminate your licence – NCA to Kasapa

We’ll terminate your licence – NCA to Kasapa

Kasapa Telecom Limited has been formally notified by the National Communications Authority (NCA) of the intention to terminate Kasapa’s Mobile Cellular Licence following its inability to meet its regulatory and licence obligations. The Mobile Cellular Licence was granted to Kasapa on 2nd December, 2004 for a period of 15 years and scheduled to expire on 1st December, 2019. According to […]

Mine workers Union to strike over planned Goldfields layoffs

Mine workers Union to strike over planned Goldfields layoffs

The Ghana Mine workers Union says it will commence its strike next Tuesday to protest attempts by Goldfields Ghana Limited to layoff about 1500 workers and re-employ them on contract basis. The Union has indicated that their action will begin with hoisting and wearing of red bands by all workers, followed by series of activities including what it calls a […]

afdb makes Senior Management appointments

afdb makes Senior Management appointments

Abidjan, Côte d’Ivoire, March 5, 2018 – The President of the African Development Bank, Dr. Akinwumi A. Adesina, is pleased to announce the following Senior Management appointments: Director, Macroeconomic Forecasting and Research The African Development Bank is pleased to announce the appointment of Dr. Hanan Morsy as Director, Macroeconomic Forecasting and Research, with effect from March 12, 2018. Dr. Morsy is a citizen of […]

World Bank: Ghana’s 2018 Economic Outlook Positive but there are challenges

World Bank: Ghana’s 2018 Economic Outlook Positive but there are challenges

Ghana’s macroeconomic performance improved in 2017 after a difficult 2016. The country’s economy expanded for the fifth successive quarter in September 2017, at a rate almost double that of 2016, according to a World Bank report released today. The 3rd edition of the Ghana Economic Update, which focuses on agriculture as the engine of growth and jobs creation, notes that the […]

Access Bank emerged Euromoney’s best Commercial Banking Capabilities award

Access Bank emerged Euromoney’s best Commercial Banking Capabilities award

Access Bank has emerged winner of the best ‘Commercial Banking Capabilities’ award by Euromoney, a leading global financial publication. The prestigious award was presented at the Euromoney Private Banking Awards 2018, which was held at the Landmark in Marylebone, London. The ‘Commercial Banking Capabilities’ award is given to firms that have proven to be leading providers of exceptional commercial banking […]

Ghana Drops In Investment Ranking

Ghana dropped nine places to rank 18th position in investment performance in Africa with a net foreign direct investment (FDI) of 3.5 billion dollars in 2016 according to the Africa Investment Index (AII). The AII developed by Quantum Global Research Lab (QGRL) showed that Ghana came down from ranking 9th in 2015 to the 18th position by the end of […]

Artisans Laments Over Shortage Of Bamboo

Artisans Laments Over Shortage Of Bamboo

CEO of New Start for Artisans and Technicians Movement, Mr. Boahen Kofi Philip has called on Ghanaians and stakeholders to plant more bamboo to save the environment. Mr. Boahen Philip speaking in an exclusive interview with News Hunter Magazine’s Kofi Oppong Kyekyeku lamented on how the shortage of Bamboo are depriving them from executing their jobs efficiently. He disclosed that […]

GRA gets e-payment platform

GRA gets e-payment platform

Ghana Revenue Authority (GRA) in partnership with Ecobank and West Blue Consulting has launched an electronic card for the payment of customs duty as tax collector seeks to seal loopholes for tax evasion. The platform dubbed: “The Ghana National Single Window CashXPress Card” is a reloadable pre-paid card that offers a new, convenient and secure way to make trade payments […]

Success of Ghana’s first local dollar bond attributed to better incentives

Success of Ghana’s first local dollar bond attributed to better incentives

An economist, Dr John Gatsi, says the successes chalked by government in the issuance of Ghana’s first domestic dollar-denominated bond was due to what he termed as better incentives provided to investors. According to him, “the fact that the bond was denominated in the dollar was a very attractive strategy for investor.” Government last week raised a total of 94.6 […]

US FDI in Ghana hits $13 billion

US FDI in Ghana hits $13 billion

The American Chamber of Commerce (AMCHAM) Ghana has affirmed the commitment of the US business community to the promotion of trade and investment between Ghana and the United States of America (USA). “With US foreign direct investment (FDI) in Ghana increasing to about US$13 billion as of 2014, we at the chamber say congratulations to the various US companies which […]