BoG Freezes US$1bn Sibton Deal
The central bank has reportedly put on hold the billion-dollar deal it handed to Sibton Switch, a local IT firm, to interconnect all payment systems in the country, following public outcry over...
Tag: economy
DBA, Vodafone Mentors Kids On Valentine Day
DREAM Believe Achieve Network (DBAN), which was powered by the Vodafone Ghana Foundation, has held another successful mentoring programme at the Perez Chapel International in Accra to celebrate this...
Mobile Voice Users Hit 38m; MTN Grabs 19m
Ghana’s total mobile voice subscriptions increased from 35,008,387 as at the end of 2015 to 38,305,078 by the close of December 2016. This represents a percentage increase of 9.42%, according to...
Film Depicts Crackdown On China Labour Advocates
Film-maker Wen Hai had intended to portray the gritty lives of Chinese migrants toiling in factories in his documentary "We The Workers", but wound up chronicling a gathering crackdown on courageous...
Police Rescue Over 360 Girls From Trafficking
MORE than 360 young girls were rescued from being trafficked into the gulf countries in 2016, the Anti-Human Trafficking Unit (ATHU) of the Ghana Police Service (GPS) has disclosed. It said a total...
Gov’t Spends GHC 20 Million On Advertisement For Procurement Annually – Smartbid CEO
The Chief Executive Officer of Smartbid Ghana Company Limited says government spends about twenty million Cedis annually on publication and advertisement for procurement. According to the Co-founder...
Wells Fargo Fund Business On the Defensive Amid Sales Scandal
When a scandal over unauthorized accounts rocked Wells Fargo & Co's (WFC. N) retail division last fall, executives at its asset management arm sprang into action to limit its fallout at an already...
Energy Contracts Had Value For Money
Every contract awarded in the power sector in Ghana followed due process, hence assertions by President Nana Addo Dankwa Akufo-Addo that deals in the power sector had no value for money are...
Access To Credit Will Remain A Challenge – Economist
Economist Courage Kinsley Martey assessed that access to credit in the economy will continue to be a challenge, for the private sector and the business community. The Bank of Ghana released its...
Mona Quartey Dismisses Reports BoG Will Bear Cost of Sibton Deal
Former deputy Finance Minister, Mona Quartey has dismissed reports that the central bank is paying Sibton Switch Systems Limited to implement a retail payment system infrastructure in Ghana. The...
Higher Customer Traffic Boosts Wal-Mart’s Sales; Margins Under Pressure
Wal-Mart Stores Inc (WMT. N) on Tuesday reported higher-than-expected U.S. sales, helped by more customer visits to its stores and accelerating online activity, and shares of the world's largest...
Commerz S&L To Deepen Financial Inclusion With Technology
Commerz Savings and Loans, the newest entrant to the financial sector, is seeking to deploy technological tools to attract more of the unbanked population into the banking sector. Dr. Edem Bart...
Gov’t Spends GHC 20bn On Advertisement For Procurement Annually – Smartbid CEO
The Chief Executive Officer of Smartbid Ghana Company Limited says government spends about twenty Billion Cedis annually on publication and advertisement for procurement. According to the Co-founder...
Ghana Cocoa Buyers Say Cocobod Financing Delays Hindering Purchases
Licensed cocoa buyers in Ghana said yesterday that week-long delays in the release of financing by industry regulator, Cocobod, was hindering their ability to purchase the beans needed to fill their...
Ukraine Tycoon Firtash Loses Vienna Appeal Against US Extradition
An Austrian appeals court on Tuesday authorised the extradition to the United States of Ukrainian oligarch Dmytro Firtash on bribery charges, overturning an earlier ruling. Firtash, 51, one of...
We’d Save Economy With Comprehensive Policies
President Akufo-Addo has outlined clear cut policies his administration would be implementing to salvage the Ghanaian economy, boost investor confidence and create jobs for the many unemployed youth...
SONA 2017: Ghana Won’t Collapse Under Me – Akufo-Addo
President Akufo-Addo on Tuesday painted a gloomy picture of the state of the Ghanaian economy, pledging that he will not allow it to further plummet. “I will not allow this country to collapse...
North Korea Downplays Impact of China Coal Ban
A North Korean state economic official sought Tuesday to play down the impact of China's shock announcement that it was suspending coal imports from the country for the rest of the year. The move,...
Stock Futures Hit Record Highs Amid Retail Earnings
U. S. stock index futures rose to record intraday highs on Tuesday as oil prices surged and investors assessed earnings from top U.S. retailers. Wal-Mart's (WMT.N) shares were up 1.5 percent at...
SONA 2017: Ghana’s Debt Balloons To GHc122bn
The President of the Republic of Ghana, Nana Addo Dankwa Akufo-Addo has revealed that Ghana’s debt stock has ballooned to GH¢122 billion in 2016 from GH¢9.5 billion in 2009. The President made...