Verdant Capital Hybrid Fund has completed its fourth investment in just over two years since its closing, with a US$3 million preferred equity investment in Zeepay. Zeepay specialises as a Mobile Money Challenger, and is currently the biggest non-telco Mobile Money Operator in Africa by balance sheet and revenue with Mobile Money Licenses in six […] The post Zeepay
The Tema General Hospital has responded to a viral video showing its Neonatal Intensive Care Unit (NICU) in darkness with nurses struggling to care for babies during a power outage. The Hospital in a statement clarified that it was a brief generator trip-off. The medical director at the facility, Dr. Richard Anthony, confirmed that the […] The post It was a
Prof. Larry Diamond, Democracy Scholar at Hoover Institute and Stanford University, has voiced serious concerns about the controversy surrounding the anti-gay bill recently passed by Ghana’s Parliament. In an interview on The Point of View, on Citi TV, Prof. Diamond argued that the anti-gay bill is a distraction from poor governance in Ghana. He questioned […] The post Anti-gay
The Bank of Ghana (BoG) has appointed Dr Joseph O. France as a Management Advisor to the Universal Merchant Bank Ltd. (UMB). Dr. France’s role will involve advising UMB’s management, monitoring its recapitalization efforts, and overseeing governance reforms agreed upon with the Bank of Ghana. The appointment is in accordance with section 101(1) of the […] The post BoG
The Minority in Parliament is urging health facilities to be exempted from the current unannounced and unscheduled electricity load shedding by the Electricity Company of Ghana (ECG). They are also advocating for an audit to determine the capacity and reliability of alternate power supply systems in hospitals. “The Ministry of Energy, in collaboration with relevant […] The post Exempt
The National Labour Commission (NLC) has secured an interim injunction to halt the strike by the three teacher unions. The teacher unions have been striking since March 20, 2024, demanding better conditions for their service. However, a High Court has restrained the teachers from further continuing their strike. “It is hereby ordered that the Respondents […] The post NLC
Joe Jackson, the Director of Business Operations at Dalex Finance, has assured customers of the Universal Merchant Bank Ltd. (UMB) that there is no cause for alarm regarding the Bank of Ghana’s (BoG) monitoring of the bank’s recapitalisation efforts. He urged customers to have confidence in the central bank’s role. The BoG has appointed Dr […] The post UMB
By Ebenezer Chike Adjei NJOKU [email protected] The Ghana Stock Exchange (GSE) is pushing for the reinstatement of the capital gains tax exemption on listed securities, with Managing Director Abena Amoah confident it would deepen investor participation and solidify the bourse’s gains. She believes the tax break, coupled with tax incentives for listing companies, would significantly […] The post
By Rashidatu IBRAHIM MTN Ghana paid GH¢5.9 billion in direct and indirect taxes, along with an additional GH¢0.4billion in fees, levies and other payments to government agencies last year. Together, these payments represents 47.1 percent of MTN’s total revenue paid to the government for the 2023 financial year. This was revealed by its Board Chairman, […] The post MTN
By Joshua Worlasi AMLANU In a comprehensive update on Ghana’s debt restructuring programme, Finance Minister Dr. Mohammed Amin Adam has highlighted the government’s ongoing efforts to restore fiscal sustainability and foster economic recovery. Speaking at a press briefing, the Minister emphasised the significance of upcoming discussions with bondholder representatives to advance restructuring engagements. “In the […] The post
The Majority Leader and MP for Effutu, Alexander Afenyo-Markin, has credited Ghana’s resilience and stability in the face of global challenges to the foresight of President Nana Addo Dankwa Akufo-Addo. During a University of Bradford event, the MP remarked on the global economic challenges, stating, “Ghana stands as a beacon of resilience.” “It is important […] The post Akufo-Addo’s
Deputy Energy Minister, Herbert Krapa, has been appointed by President Nana Akufo-Addo as the new Board Chair of the Electricity Company Ghana, (ECG). Mr. Krapa takes over from Keli Gadzekpo who resigned Tuesday, March 26, for personal reasons. Herbert Krapa is expected to lead the ECG Board in dealing with recent power outages in the […] The post Herbert Krapa appointed new
The Minister for Works and Housing, Kojo Oppong Nkrumah, has assured that processes by the government to enlist private partners for the completion of the Saglemi Affordable Housing Project will be transparent to eliminate any perception of corruption. He emphasized the commitment of the government to ensure the completion of the project before the December […] The post Saglemi
The Board of the Ghana Revenue Authority has been dissolved. President Akufo-Addo is expected to announce a new Board by the close of the day. Though no reason was given for the dissolution of the Dr. Anthony Oteng-Gyasi-led Board, reports say there have been some disagreements lately. The move by the President comes days after […] The post Ghana Revenue Authority Board dissolved
President Akufo-Addo has appointed Madam Julie Essiam as the new Commissioner-General of the Ghana Revenue Authority. She replaces Rev. Dr. Ammishaddai Owusu-Amoah. Until her appointment, Madam Julie Essiam was the Commissioner responsible for the Support Services Division of the GRA. Her appointment comes hours after President Akufo-Addo dissolved the Board of the GRA. Though no reason was given […] The post Julie
The Ghana Investment Promotion Centre (GIPC) on 26th March 2024, hosted its maiden Investor Aftercare Forum, at the Labadi Beach Hotel. The event, themed ‘enhancing investor experience,’ provided a platform for key stakeholders to deliberate on strategies aimed at bolstering support for investor growth and streamlining business operations within the country. Investment trends over the […] The post
The National Chairman of the National Democratic Congress (NDC), Johnson Asiedu Nketiah, popularly known as General Mosquito, has criticised the executive’s approach to the anti-LGBTQ+ bill. Asiedu Nketiah deemed the president’s decision to refuse acceptance of the bill as wholly unnecessary. This stance follows the Executive Secretary to the President, Nana Asante Bediatuo’s request to […] The post Akufo-Addo’s
Johnson Asiedu Nketiah, the National Chairman of the opposition National Democratic Congress (NDC), has stated that President Nana Akufo-Addo lacks the courage to openly declare his stance on the anti-LGBTQ+ bill. During an interview on Asempa FM on Wednesday, March 27, Asiedu Nketiah, also known as General Mosquito, suggested that the president’s reluctance to address […] The post Akufo-Addo
President Nana Addo Dankwa Akufo-Addo has asserted that his administration’s dedication to the educational sector surpasses that of any government in the 4th Republic. He highlighted significant investments in infrastructure, educator support, and various other initiatives, positioning his government as exemplary in its commitment to education. Speaking at the launch of the Smart Schools Project […] The post My
By Joshua Worlasi AMLANU ([email protected]) The Monetary Policy Committee (MPC) of the Bank of Ghana has announced its decision to maintain the monetary policy rate at 29 percent, citing persisting upside risks to inflation. Dr. Ernest Addison, Governor of the central bank, disclosed the rationale behind the decision during the 117th MPC meeting’s press briefing […] The post
Facebook
Twitter
Pinterest
Instagram
Google+
YouTube
LinkedIn
RSS