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Business

Hold ‘corrupt’ officials accountable – Osafo Maafo to auditors

Yaw Osafo Maafo

Senior Minister, Yaw Osafo Maafo has charged internal auditors to exhibit transparency and efficiency in their line of duty. He has also admonished them to hold public officials who are found culpable in shady deals accountable. Mr. Maafo believes this will propel the needed progress of the public sector. “Our resources are not enough concerning the huge development gap that exists ...

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Occupy Ghana demands probe into Menzgold saga

Ace Ankomah, leading member of Occupy Ghana

Pressure group, Occupy Ghana is demanding thorough investigations into the operations of Menzgold to protect consumers from any undesirable impact on the unsuspecting public. Occupy Ghana is among others concerned that the inability of the Bank of Ghana, the Securities and Exchange Commission (SEC) and the Minerals Commission (MinComm) to clarify the operations of Menzgold will leave much to be ...

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GIPC develops strategy to grow budding entrepreneurs

yofi-yef

As part of efforts aimed at growing the private sector, the Ghana Investment Promotion Centre (GIPC) has begun an annual forum dubbed, ‘The Young Entrepreneurs Forum’. The program will give young entrepreneurs the needed guidelines to improve upon and expand their businesses. In addition, the forum will address the challenges young businesses face as well as afford them best practices ...

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Treasury Single Account to reduce govt’s borrowing – Ken Ofori Atta

Ken Ofori-Atta is the Finance Minister

Government is hopeful the operation of a Treasury Single Account (TSA) should reduce its borrowing in the long term. The move which has seen the moving of some monies in accounts at some commercial banks is aimed at strengthening the financial sector where government borrows less to crowd out the private sector businesses. Under the TSA, government will be closing ...

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Gov’t should stop whining about Komenda factory – Murtala Mohammed

Murtala Mohmmed

The Akufo-Addo government should stop whining about the  Komenda Sugar Factory and deal with its issues, a former Deputy Trade Minister, Murtala Mohammed has stated. Concerns about the viability of the factory have come up again after it was revealed that factory still lack raw materials to commence work, but Mr. Mohammed believes the issues being raised are insincere. When ...

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Minister charges new ECG Board to solve labour agitations

Boakye Agyarko - Energy Minister

The Minister of Energy, Boakye Agyarko, has charged the new board of directors of the electricity company of Ghana (ECG) to embark on a pragmatic process to safeguard jobs ahead of the Private sector participation in the company. According to him, the power distributing company risks a worsening performance if staff issues are not duly addressed. President Nana Akufo Addo ...

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GhIPSS to pilot mobile money interoperability in September

Chief Executive Officer of GHIPSS - Archie Hesse

The Ghana Interbank Payment and Settlement Systems (GhIPSS) has disclosed to Citi Business News it has advanced processes of meeting the November deadline for mobile money interoperability. The CEO of GhIPSS, Archie Hesse says his outfit has already finalized the systems specification awaiting the completion of other requirements by the various mobile money agents. According to Mr. Hesse, the process which is ...

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Akufo-Addo to cut sod for new cement factory construction at Tema

Nana Addo

President Nana Addo Dankwa Akufo-Addo will lay the foundation stone for the construction of a technologically advanced cement grinding factory for CBI Ghana Limited at the Tema Free Zones Enclave. When complete, the CBI Ghana plant will produce premium cement under the brand name, “Supacem”. “We intend to produce and supply high-quality Supacem cement to Ghanaian builders and stabilize cement ...

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‘It costs more calling Nigeria from Ghana than USA’

mobile phone user use

It has emerged that Ghanaians and other nationals in Ghana who call family, friends and business associates in Nigeria pay more compared to calls to the United States of America, China, and Canada. Whereas the telecommunication companies charge between GHp0.21 to GHc0.96 every minute for calls to Nigeria, they charge comparatively lower [between GHp0.12 to GHc0.21] for calls to the ...

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Africa’s leading IT solutions provider JETHRO expands into Ghana

gh

A leading IT and system integration company with a client rostrum that includes some of the world’s largest financial institutions has chosen Ghana as the latest location for its ambitious expansion plans within the continent. Headquartered in London, JETHRO offers specialist IT services and products, which complement core banking solutions in Business Intelligence, Agency Banking Product, Integration of CBS (Core ...

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