Important Facts You Must Know
News broke this morning , that the Bank of Ghana (BoG) has revoked the licences of UT and Capital banks from operating as independent commercial banks in Ghana; a development that literally means...
Tag: Business_Finance
UT Bank Woes Deepen As GSE Suspends Its Listing On the Exchange
The Ghana Stock Exchange (GSE) has suspended the listing of UT Bank Limited indefinitely and this follows the forceful takeover of UT by Ghana Commercial Bank. The suspension follows the revocation...
10 Things You Never Knew About The African Gold Bank
MenzGold, a Ghana-based gold dealing company has been there for some years now. The organization however, started making media headlines few days ago, following the Bank of Ghana’s issuance of a...
Media General Repositions To Be ‘global Influencer’ By 2025
Media General Ghana Limited, the umbrella organisation for TV3 Network, 3FM, Onua FM, MG Digital (3news.com), Akoma FM and Connect FM, is repositioning itself to become a leading media organisation...
Stanbic Bank Ghana Wins Best Investment Bank In Ghana Africa
Stanbic Bank Ghana has won Best Investment Bank in Ghana by Global Finance Awards at the 2017 Global Finance Awards in the UK. The award is aimed at to recognizing leading players in the Financial...
5 Buzz Facts You Should Know
GCNET paperless transactions is a single-window platform designed for processing trade transactions and customs clearances. In order to facilitate international trade, the Akufo-Addo government has...
US Manufacturing Activity Slows In July
US manufacturing activity continued to expand in July but at a slightly slower pace than in June, with declines in new orders, output and employment, the Institute for Supply Management said Tuesday....
American Car Makers Struggle To Lure US Buyers In July
American consumers' appetite for US car brands eased significantly in July, as the industry continued to slow from last year's record-setting pace, according to sales figures released Tuesday. All...
Turmoil Engulfs Kenya’s Supermarket Success Nakumatt
The butcher is closed, metres of shelves are empty save for a single brand of shampoo and, worst of all, the toilet paper is out-of-stock. Once a Kenyan success story, homegrown Nakumatt supermarkets...
Panasonic Profits Surge On Auto Sector
Panasonic on Monday reported quarterly gains in profits and sales thanks to a strong performance in its auto-related sector, confirming the Japanese electronics mainstay is on course for recovery....
China Orders Anbang To Sell Waldorf Astoria, Other Foreign Assets
China has ordered Anbang Insurance Group, the conglomerate which owns New York's historic Waldorf Astoria hotel, to sell its overseas assets, Bloomberg News reported Monday. The financial news...
US Jury Deliberates In ‘Pharma Bro’ Shkreli Fraud Trial
A US jury was deliberating Monday on whether to convict Martin Shkreli, a former hedge fund manager and pharmaceutical executive once dubbed "The Most Hated Man in America" of securities fraud. The...
Discovery Buys Scripps Networks For $14.6 Bn
Discovery Communications announced Monday it was buying television rival Scripps Networks Interactive for $14.6 billion, a deal that will give it Food Network, Travel Channel and other channels in...
Los Angeles Formally Declares Bid To Host 2028 Olympics
Los Angeles formally announced its bid for the 2028 Summer Olympics on Monday after agreeing on a deal that paves the way for Paris to host in 2024. "The Los Angeles Olympic and Paralympic bid...
Finance Minister Presents Mid-Year Budget Review Today
Finance Minister, Ken Ofori Atta, will present his midyear Budget Review and Economic Planning to Parliament Monday, July 31, 2017. The presentation is in fulfilment of the constitutional mandate...
We’re Not In Financial Crisis – GTUC
The Ghana Technology University College (GTUC) has debunked claims that it is in a financial crisis. It said it has for the past 11 months successfully managed its operations and finances to avoid a...
Elon Musk Rolls Out Cheapest Tesla Yet
Electric car maker Tesla has rolled out its new Model 3 vehicle – the company’s cheapest car to date. The first 30 customers – most of them employees of the company – received their cars on...
Gov’t To Launch ‘Planting For Jobs and Investments’ Policy
Government plans to launch a program dubbed “Planting for Jobs and Investments” a subsidiary of its flagship “Planting for Food and Jobs Policy” geared at creating jobs for the youth and...
Let’s Make NCA A World Class Regulator – Sakyi Addo To Staff
The Board Chairman of the National Communications Authority (NCA), Kwaku Sakyi-Addo has urged the Board, Management and Staff of the Authority to utilise their collective strength and intellect to...
Sri Lanka Completes Controversial $1 Billion Port Deal With China
Sri Lanka on Saturday sealed a billion-dollar deal to let a Chinese state firm take over a loss-making port in a move that has been opposed by unions and worries the island's neighbours. The...