Fresh data from the Bank of Ghana (BoG) shows banks still favour investments in government securities over and above extending credit to the private sector, meaning that businesses have access to less purchasing power in real terms. Governor Ernest Addison, in a press briefing for the 117th Monetary Policy Committee (MPC) meetings, revealed that compared […] The post Editorial:
The Ghana Cocoa Board (COCOBOD) has clarified that its management has not yet sanctioned the procurement of iPad keyboards for its Board of Directors. COCOBOD also stated that no procurement transactions have occurred. The management of COCOBOD has faced significant backlash following the circulation of a memo from the Board’s Information Systems Department which requested […] The post We’ve
Flagbearer of the National Democratic Congress, John Dramani Mahama, has called on African Leaders to focus on developing human capital to drive economic growth. Speaking to students at the London School of Economics (LSE), Mahama reflected on the rapid changes in the digital landscape over the past decade and the emergence of new job roles […] The post Africa
Swashbuckling. This is the adjective that best encapsulates the life of Joseph Paul Amoah, the former national record holder in the 200m sprint. At 27 years old, his very presence exudes a sense of divine grace. With an athletic build, towering stature, and captivating charisma, he effortlessly commands attention, leaving a lasting impression on all […] The post Joseph
Sir Jeffrey Donaldson has been charged with historical sexual offences and has resigned as Democratic Unionist Party (DUP) leader. A 57-year-old woman has also been charged with aiding and abetting in connection with the alleged offences. They were both arrested on Thursday morning by PSNI detectives and were questioned before being charged on Thursday night. […] The post Northern
Police investigating the murder of South African Rapper AKA has linked a powerful South African family to the death of the musician. The post Police link prominent South African businessman to rapper AKA’s murder first appeared on 3News.
As International Women’s Month 2024 comes to a close, 3FM embarked on a journey to honor and spotlight the remarkable achievements of women in agricultural technology and innovation. The culmination of the celebration saw five outstanding women in the agric tech and value chain innovation, take center stage to pitch their groundbreaking ideas during the […] The post 3FM celebrates
In accordance with section 101(1) of the Banks and Specialised DepositTaking Institutions Act, 2016 (Act 930), the Bank of Ghana (BoG) has appointed Dr. Joseph O. France as an Advisor to advise the management of Universal Merchant Bank LTD (UMB) effective 25th March, 2024. The Advisor, according to the BoG, is expected to help monitor […] The post Bank of Ghana
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 Bank of Ghana (BoG) says it remains committed to promoting a sound and resilient banking sector that retains the trust and confidence of the general public. The central bank said this while announcing that it has appointed Dr. Joseph O. France as an Advisor to advise the management of Universal Merchant Bank LTD (UMB) […] The post Bank
The management of the Ghana Revenue Authority has celebrated its outgone Commissioner-General Rev. Dr. Ammishaddai Owusu-Amoah. They commended him for his exceptional leadership and immense contribution to the operations of GRA, especially in the area of digitalization and wish him well in his future endeavours. President Akufo-Addo on March 28, 2024, appointed Madam Julie Essiam […] The post GRA
The Public Utility Workers Union (PUWU) has waded into the erratic power supply situation (dumsor) in the country, calling on the regulator, the Public Utility Regulatory Commission (PURC), to demand power supply data from the power producers. The union maintained that the power distributor, the Electricity Company of Ghana (ECG), is experiencing less supply of […] The post Erratic
The National Communications Authority (NCA) has provided an update on the repair to the damage of the submarine cables which occurred on 14th March, 2024, and resulted in the disruption of data services in Ghana. The NCA said it engaged with the four Submarine Cable Service Providers (SAT-3, ACE, WACS and MainOne) to receive updates […] The post NCA updates on the repair to the damage
The Sekyere Rural Bank has made giant strides in spite of the Economic and Business Environment challenges in the first quarter of 2022. The bank recorded impressive performance in all the key financial indicators as Deposit hit-GHS126,840,132, Loans and advances – GHS45,675,697, Investment – GHS68,765,948, Total assets – GHS145,013,316, Share Capital – GHS2,240,178, Profit/loss before […] The post Sekyere
The Climate Vulnerable Forum (CVF) will now have a permanent headquarters in Ghana. The secretariat, which is expected to do more of the day-to-day work, is located in Accra and housed in the Africa Trade House, However, leadership or chair position rotates among member countries every two and half years. The leadership position (Presidency or […] The post Ghana is now the Headquarters
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
The director in charge of the volunteers for the 13th African Games, Juliana Addo-Yobo, says the Ministry of Sports is working on settling all volunteers for the games. The volunteers on Tuesday were agitated over what they say is the failure of authorities to release the GH¢2,500 promised them ahead of the competition. The volunteers […] The post Accra 2023:
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