The Bank of Ghana has notified financial institutions to abide by the Banks and Specialised Deposit-Taking Institutions Act, 2016 as well as the Fit and Proper Persons Criteria. Under the laws persons who were directly implicated in the 2017–2019 financial sector clean-up and all previous directors of failed banks are barred from holding key positions … Read more
Advertisement The Bank of Ghana (BoG) has reminded the general public that persons who have been directly implicated in the 2017-2019 Financial Sector clean-up, and all previous directors of failed banks and Specialised Deposit-taking Institutions (SDIs) since the enactment of Banks and Specialised DepositTaking Institutions Act, 2016 (Act 930) do not qualify to hold key … Read more
Atlantic Lithium has suspended operations at its Ewoyaa lithium project in Ghana after a fatal accident occurred earlier this week. The Australian company reported that authorities have been informed, and an investigation is currently underway to determine the circumstances leading to the incident. The Ewoyaa project, which secured a 15-year permit in October last year, … Read more
The latest data released by the Ghana Statistical Service indicates that inflation has dropped, with the June figure standing at 22.8%. The figure represents a 0.3 percentage decrease from the 23.1 percent recorded in May. However, Ghana Statistical Service has identified several items at both national and household levels that may require policy interventions due … Read more
Samsung Electronics Co., Ltd. has announced its all-new Galaxy Z Fold6 and Galaxy Z Flip6, along with Galaxy Buds3 and Galaxy Buds3 Pro at Galaxy Unpacked in Paris. Earlier this year, Samsung ushered in the era of mobile AI through the power of Galaxy AI. With the introduction of the new Galaxy Z series, Samsung … Read more
Absa Bank Ghana LTD has announced the appointment of Edward Nartey Botchway as its substantive Managing Director, effective 10 July 2024. He takes over from Adolph Kpegah, who has been the Interim Managing Director during the transition period. Edward is an accomplished banker with over 20 years of diverse experience in business leadership, finance, strategy, … Read more
Ghana imported $133 million worth of key ingredients for food preparation and processing last year, according to the USDA’s Food Processing Ingredients Annual Report on Ghana. This represents a 48 percent increase from the $89.2 million recorded in 2022. These imports primarily consist of wheat flour, food additives and spices, bakery goods, food colouring, and … Read more
THE Chamber of Cement Manufacturers, Ghana (COCMAG) has raised serious concerns about the newly-proposed Ghana Standards Authority’s (Pricing of Cement) Regulations, 2024 (L.I.). The Chamber is of the strong conviction that while the Director-General of the Ghana Standards Authority (GSA), Prof. Alex Dodoo, and some within Parliament portray the L.I. as a mechanism to ensure … Read more
KIC and Mastercard Foundation are organising a series of bootcamp trainings as part of its Business Booster Programme. Agri-MSMEs and Farmer Based Organisations (FBOs) are receiving capacity building on enhancing their business to increase profitability and investor readiness as well as organisational strengthening for selected Farmer Based Organisations to effectively work with their association members. … Read more
Bernard Otabil, the Director of Communications at the Bank of Ghana (BoG), has refuted claims that the Central Bank is bankrupt. This comes in the wake of the minority’s second planned protest against the bank’s governors, accusing them of mismanagement and insolvency. In a statement sighted by Citi News on Wednesday, Mr Otabil emphasised that … Read more