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BUSINESS & TOURISM

Stanbic Bank ‘takes over’ Bank of Baroda

The Ghana unit of Standard Bank of South Africa, Stanbic Bank Ghana Limited, has absorbed customers of the local subsidiary of Indian-state lender, Bank of Baroda under an arrangement that comes at no cost to the former. Multiple sources involved in the arrangement say the transaction was sealed in the tail end of December 2018, paving the way for Baroda ... Read More »

IMF yet to decide on Ghana’s $2bn Sinohydro deal

The IMF has written to the Minority asking for time to decide whether the move by the government of Ghana to exchange the nation’s bauxite for $2billion to fund infrastructure projects from China constitute government debt. The Minority through its spokesperson on Finance Casiel Ato Forson last month wrote to the IMF requesting for its opinion on whether the agreement ... Read More »

Transport fares push inflation to double-digits, hits 10% in June

The 10 percent increment of transport fares in May 2018 has increased the general price levels of goods and services in June by 10 percent, making it the first time in three months that inflation figures hit double-digits, Ghana Statistical Service (GSS) data have shown. “The general cause of the rise in inflation rate is due to the rise in ... Read More »

MTN receive 12 awards, inducted into GITTA Telecoms Hall of Fame

MTN Ghana has demonstrated their leadership in Ghana’s telecoms industry by beating other operators at the 8th Ghana Information Technology and Telecoms Awards (GIITA) held in Accra on Friday June 29th, 2018. The awards night saw MTN receiving 12 awards with the climax being the induction into the GITTA Telecoms Hall of Fame. MTN received awards in the following award ... Read More »

Crack down on illegal fishing rakes in revenue

The crackdown on illegal fishing activities by the Fisheries Commission and the Ministry of Fisheries and Aquaculture Development (MFAD) has yielded more than GH¢13,000.00. The amount accrued from fines imposed on 100 fishermen prosecuted out of over 200 perpetrators arrested under the implementation of the West Africa Regional Fisheries Programme (WARFP). Mr Michael Dawutey, Monitoring and Evaluation Specialist, West Africa ... Read More »

MTN Ghana gives its customers a lifetime experience in Dubai

Accra – 26th  April, 2018.  MTN Customers who won the trip to Dubai in the MTN ‘Spin the Wheel’ Promotion, could not hide their joy after they were given an experience of a lifetime during a five day all-expense paid trip with their partners. In Dubai, the winners and their partners were hosted at the plush Nihal Palace Hotel.  As ... Read More »

StarTimes Ghana presents Real LED TV, 20 decoders towards 43rd SWAG Awards Night

StarTimes Ghana have presented a jumbo Real LED TV and 20 decoders to the Sports Writers Association of Ghana [SWAG] as their contribution in sponsoring the 43rd Awards event. SWAG will be hosting distinguished sportsmen and women at the annual Awards scheduled for Accra International Conference Center on Friday, 4th May, 2018. As part of the sponsoring the award ceremony, StarTimes ... Read More »

MTN Ghana holds ethics and fraud awareness workshop for vendors and suppliers

Auditor General, Mr. Daniel Yao Domelevo has indicated that on issues of corruption and fraud, preventive measures are better than corrective measures. He made this statement when he addressed vendors and suppliers at the maiden MTN Ethics & Fraud Awareness Workshop held in Accra. Mr. Domelevo, who was the first among a number of speakers who addressed participants at the ... Read More »

Ethiopia overtakes Ghana as Africa’s fastest growing economy

Ethiopia has overtaken Ghana as Africa’s fastest growing economy, the International Monetary Fund (IMF) said on Tuesday. Ghana – the second-biggest economy – is expected to experience a 6.3 per cent gain this year, the IMF’s World Economic Outlook released on Tuesday shows. The figure is lower than the 8.9 per cent forecast in October, and is also less that ... Read More »

Bank of Ghana shuts down Wyselink Microfinance

The Bank of Ghana has cautioned the public against engaging in any financial transaction with a microfinance company by name Wyselink Microfinance Limited. The company, with offices in Takoradi, Assin Fosu, Ofankor and Dobro, is alleged to be have been operating with a forged operating license and other business permits. The company, according to a release from the central bank, ... Read More »