Ghana Home Loans has disclosed to Citi Business News it will start its banking services in the last quarter of 2017. To be known as GHL Bank, the entity is expected to intensify competition in the granting of mortgage loans. This is also expected to help bridge the housing deficit currently estimated at 1.7 million. The CEO ...
Spokesperson of embattled businessman in the controversial GHc51 million judgment debt case has defended a decision by his boss, Alfred Agbesi Woyome to run to the Africa Court on Human and People’s Right in Tanzania for redress. According to Reginald Seth Dogbe, this is aimed at safeguarding the interest of Mr. Woyome who they believe ...
Hundreds of farmers in Adaklu in the Volta Region are counting their losses after landslides wreaked havoc on several acres of their farm lands. The explosion which was followed by spouting water from the mountains occurred on Sunday, destroyed about 70 acres of farm lands according to officials of National Disaster Management Organization (NADMO). About five ...
Finance Minister Ken Ofori Atta has described as worrying the high non-performing loans recorded in the banking sector. Although the sector recorded strong performance in asset growth of 27.3% in May 2017 as against the 17.7% recorded in May 2016, it continues to face the threat of high non-performing loans. “As at April 2017, the banking ...
President of the African Development Bank, Mr. Akinwumi Adesina has pledged of his outfit’s commitment to provide government with significant support to clean its energy sector debt. He argues that the perennial challenges that have confronted the country’s power sector require robust measures to address them permanently. Mr. Adesina made the remarks when he paid ...
Brazil forward Neymar says it is “sad” that people think his world record move from Barcelona to Paris St-Germain was motivated by money. The 25-year-old joined the French club for a fee of 222m euros (£200m) and he will earn 45m euros (£40.7m) a year. Neymar, who could play in PSG’s first league match of the season on Saturday, ...
The Senior Minister, Mr Yaw Osafo Maafo, has asked Ghanaian pharmaceutical companies to take advantage of the ECOWAS sub-region’s huge market and expand their businesses. He indicated that enormous opportunities exist in the sub-regional market, which they need to fully exploit to substantially increase their product lines. Addressing an annual conference of the Pharmaceutical Society ...
The United Kingdom has downplayed the terror concerns stemming from advice it offers to its nationals visiting Ghana. The advice offered on its website only seeks to offer practical and up to date information to British Nationals, a statement from UK government has said. “The British Government provides advice to British citizens travelling to countries ...
US Attorney General Jeff Sessions has announced four people have been charged over leaks as he launched a crackdown on disclosure of classified material. He said the suspects stood accused of unlawfully divulging classified information or concealing contacts with foreign intelligence officers. America’s top prosecutor said the administration has tripled the number of active leak ...
The Ministry of Transport has said it has not yet taken any decision on the implementation of the controversial towing levy. “No decision has been taken yet on the commencement of the towing services,” a statement from the Transport Ministry and dated August 4, 2017 stated. The Transport Ministry also said it is holding consultations ...
A total of 6,200 Muslim pilgrims from Ghana are expected to take part in 2017’s Hajj to the Holy City of Mecca from August 10. The first batch of pilgrims will leave Ghana through the Tamale Airport in the Northern Region on August 10, followed by four other flights from the same Airport. This came ...
Justin Bieber will not face charges after hitting a photographer with his car, police have said. The singer was leaving church last week when his car knocked over the man who was taken to hospital with non-life threatening injuries. The Beverly Hills Police Department said there were no violations by either Bieber or the photographer. ...
The government is only being proactive by engaging the United States government before the treaty for the hosting two Guantanamo Bay detainees which runs out in January 2018, according to the Vice Chairman of Parliament’s Foreign Affairs Committee, Kweku Ampratwum Sarpong. The Minister of Foreign Affairs and Regional Integration Shirley Ayorkor Botchway on Tuesday informed Parliament, ...
The Municipal Chief Executive (MCE) for Wenchi, Dr Prince Kwakye Afriyie has said he is taking steps to transform the municipality into a business hub and is therefore prioritizing the construction and rehabilitation of major roads in the area to facilitate movement of goods. He emphasized that the government was creating the enabling environment for ...
Rwandans are going to the polls in presidential elections, with incumbent Paul Kagame widely expected to win his third term in office. The 59-year-old is being challenged by Frank Habineza of the Democratic Green Party of Rwanda, and independent candidate Philippe Mpayimana. Mr Kagame is credited with the country’s rapid economic development since taking office ...
British cyber-security researcher Marcus Hutchins will appear in court in Las Vegas later charged in a US cyber-crime case. The 23-year-old has been accused of involvement with Kronos – a piece of malware used to steal banking logins from victims’ computers. Mr Hutchins, from Ilfracombe in Devon, came to prominence after he stalled the WannaCry ...
Policy think tank, IMANI Africa has described as misplaced, a suggestion by the Institute of Economic Affair (IEA) for the government to increase the 17.5 percent VAT by 1 percent to fund the Free SHS program. It said any increase in VAT will put undue pressure on Ghanaians. Many have given their suggestions as to ...
The Asutifi North District Assembly in the Brong Ahafo Region has expressed its determination to increase its internally generated funds through effective revenue collection. The assembly also says it is retraining its revenue collectors to enable to effectively carry out their duties. The District Chief Executive (DCE) Anthony Mensah made these disclosures in an address ...
The Ghana Investment Promotion Centre (GIPC) hosted business leaders to its ‘Ghana on The Go CEO’s Breakfast Meeting’ series at the Mövenpick Ambassador Hotel in Accra, on 3rd August, 2017. This edition of the quarterly event was titled, ‘Policy Update: Ghana’s Tax Exemption Regime’ and convened to update the business and diplomatic community on the ...
A High Court in Accra has ordered the immediate release of an Indian Business man, Ashok Kumar Sivaram, who was arrested upon returning to Ghana following an earlier order by the court quashing his deportation. According to the court presided over by Justice Ackah Boafo, the detention of the applicant was unlawful and undermines the ...
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