Tips to avoid Mobile Money fraud


Mobile money fraud has in recent times heightened with unsuspecting individuals been swindled by fraudsters. Statistics show that at least 50 percent of Mobile Money subscribers have either experienced one form of fraud or have been a target from Mobile Money fraudsters. Here are some few tips to help avert Mobile Money fraud. Never disclose your secret pin to anybody, ...

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4th Africa Global Business Forum slated for Nov.1 in Dubai


The Global Business Forum on Africa, organized by the Dubai Chamber of Commerce and Industry, is set to hold its fourth edition under the theme “Next Generation Africa”, at Dubai’s Madinat Jumeirah from November 1st-2nd, 2017. The high-profile event, held under the patronage of H.H. Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and ...

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Statement: Star Oil doesn’t own tanker seized with smuggled fuel


Management of Oil Marketing Company, Star Oil Company Limited, has issued a disclaimer on the impounded vehicle carrying contaminated fuel products at the Buipe depot in the Northern Region. The transporter, Alhaji Amadu, used Star Oil Company Limited’s invoice to carry the product from Tema Harbour which was impounded at the Buipe depot. Following‘s publication on the issue, Star ...

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Single-Window platform is a win-win for all – Bawumia


Vice-President, Dr. Mahamadu Bawumia, has said the single-window platform is a win-win for all stakeholders, as it helps to simplify port operations and transactions. Speaking at the opening session of the Sixth International Single-Window Conference and Exhibition in Accra, Dr Bawumia said all stakeholders, including compliance authorities, importers and logistics operators, stand to benefit immensely from an effective single-window platform. ...

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Increasing Mobile Money fraud scares Ghanaians


Ghanaians are getting worried over the increasing cases of Mobile Money fraud in the country. The issue is said to threaten the growth of the industry as well as financial inclusion. Some victims of Mobile Money fraud who narrated their ordeal to Citi Business News expressed worry over the canker. A victim who was swindled of GH¢1, 000 tells Citi ...

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Izwe Loans adjudged CIMG Finance House of the year 2016


Izwe Loans, a non-bank financial institution targeting both the formal and informal sectors, was adjudged the Finance House of the year 2016 at the 28th National Marketing Performance Award organized by the Chartered Institute of Marketing Ghana (CIMG). This year’s award was under the theme “Cause Related Marketing: Panacea for National Behavioural Change. The citation for the award read, “For ...

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Banks worried about delay in issuing Energy Bond

Finance Minister, Ken Ofori-Atta

Banks and financial institutions affected by the 2.5 billion dollars Energy sector debt are agitating over the delay in issuing the bond to clear the debt. Government assured the financial institutions affected that it will raise the funds through lead arrangers, Fidelity Bank and Standard Chartered Bank in September 2017 but the Finance Ministry is yet to explain the reasons ...

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UK companies show renewed interest in Ghana

Tony Burkson, United Kingdom Ghana Chamber of Commerce

Businesses in the United Kingdom have demonstrated a heightened interest in doing business in Ghana and the United Kingdom Ghana Chamber of Commerce (UKGCC) believes this is an indication of the improving business environment in Ghana. Government’s determination to reorganise the way business is done in Ghana is reassuring for British businesses, the CEO of UKGCC, Mr. Tony Burkson told ...

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GCB Bank sacks about 450 UT, Capital Banks workers


Citi Business News has gathered that GCB Bank has terminated the appointments of about 450 workers of defunct Capital and UT banks. Workers of the two banks were pulled into the work force of GCB Bank following the revocation of the license of the two banks by the Bank of Ghana(BoG). Persons familiar with the development say the workers were ...

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PUWU drags ECG, MiDA to court over severance package


The Public Utilities Workers Union’s (PUWU) agitations over the privatization of the Electricity Company of Ghana (ECG) and its demand for severance packages, have found their way to the High Court. PUWU has sued ECG, the Attorney-General and the Millennium Development Authority (MiDA), over the dispute on the need for the payment of redundancy package to ECG workers. PUWU had started agitations ...

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