HomeBusiness

Business

We’re not out to destroy anyone’s business –SEC

The Securities and Exchange Commission says it is not out there to destroy anyone’s business but only committed to its statutory mandate. “SEC is not...

Your deposits are safe; uniCredit tells customers

The management of financial services company, uniCredit has dispelled rumours that the consolidation of its sister company UniBank has taken a toll on them. In...

NCA’s new 4G move; a fix or more mess?

The National Communications Authority (NCA) is finally taking steps to ensure that at least each telco gets to come into the 4G space after...

BoG injects more dollars into economy

The Bank of Ghana (BoG) has stepped up its supply of United States (US) dollars to meet daily demands for foreign exchange as global...

BoG injects more dollars into economy

The Bank of Ghana (BoG) has stepped up...

Menzgold halts gold vault market services ‘temporarily’

Management of Menzgold has announced Thursday morning that it has temporarily halted its collectables and any new business related to its gold vault market...

Panic withdrawals hit Menzgold

Scores of customers of gold trading company, Menzgold Ghana Limited, are trooping to the premises of the company to withdraw their investments. This has come...

Inflation for August hits 9.9%

Inflation nears double-digit as Ghana Statistical Service blames the August 9.9% inflation rate on the cedi's free fall. The year on year inflation for the...

Panic withdrawals hit Menzgold – AdomOnline.com

Scores of customers of gold trading company, Menzgold...

Panic withdrawals hit Menzgold

Scores of customers of gold trading company, Menzgold Ghana Limited, are trooping to the premises of the company to withdraw their investments. This has come...

Menzgold reacts to SEC

The Management of Menzgold Ghana finds it very unfortunate that a letter relating to business  discussions between the organization and the Securities and Exchange...

Photos: New sweet potato to be named after Kofi Annan

The Crops Research Institute of the Council for Scientific and Industrial Research (CSIR) will be naming a sweet potato after the late UN Secretary-General,...

Tema ECG chases power ‘stealers’

The Revenue Protection Manager at the Tema Regional office of the Electricity Company of Ghana (ECG), Zita Kyei Gyamfi, has disclosed her outfit is...

YahSat launches fast internet service in Ghana

United Arab Emirate (UAE) - based satellite operator, YahSat has launched a Satellite Brand board Service, YahClick in Ghana, to provide fast internet connection...

GRA goes after vehicle owners who evade duties

The Special Surveillance and Monitoring Unit of the Ghana Revenue Authority (GRA) has embarked on an operation to seize vehicles whose owners have failed...

2,000 defunct bank staff to lose jobs – Deputy Employment minister

About 2,000 staff of the five defunct indigenous...

(AUDIO): CBG, Unibank workers besiege office to demand August salary  

Over 200 former workers of newly created Consolidated Bank Ghana Limited (CBG) have besieged their employer’s office at Asylum down demanding their unpaid salary. According...

“8.36% agricultural growth in 2017 a result of prudent policies” – President Akufo-Addo

President Nana Addo Dankwa Akufo-Addo, has attributed the impressive 8.36% growth witnessed in Ghana’s agricultural sector in 2017 to effective policy making and implementation...

No directors? Lawyer opens holes into banking crisis probe

A private legal practitioner has questioned Parliament’s decision to leave out the directors of the defunct banks in their recent probe into the financial...

Public Procurement Authority’s due diligence pays off – Chief Executive

The Public Procurement Authority (PPA) Thursday said it has saved the nation nearly 1.6 billion Ghana cedis, over the past one-and-half-years, through effective value-for-money...

Akufo-Addo breaks silence on banking rot [AUDIO]

President Addo Dankwa Akufo-Addo has spoken for the...

uniBank Receiver sues Duffours, others over GHS5bn

Mr Nii Amanor Dodoo, a Senior Partner of...

Adongo walks out of ‘rubber stamp’ meeting over collapsed banks [Audio]

Member of Parliament for Bolgatanga Central, Isaac Adongo, has walked out of a parliamentary probe into the collapse of 7 local banks. His walk-out was...

Gov’t had ¢20bn plan to avert ‘needless’ bank collapse -Terkper

Former Finance Minister Seth Terkper has said steps taken by the Bank of Ghana that led to the collapse of seven banks could have...

Non-Performing Loans hit GH¢8.7bn

The stock of Non-Performing Loans in the banking sector reached GH¢8.74 billion in June this year, according to the latest banking sector report. The report released...

Staff of Consolidated Bank asked to re-apply

Staff of Consolidated Bank Ghana (CBG) have been...

Century Bond may ‘provide cheaper, longer-term financing’ – Oppong Nkrumah

Information Minister-designate, Kojo Oppong Nkrumah, has explained that Ghana’s quest for a cheaper and longer-term loan is the reason for the 100-year bond currently...

Africa China Union seeks local partners

Africa China Union (ACU), a platform of Chinese businesses says it is open for business to link over 15,000 manufacturers and suppliers from China...

2.8 million Ghanaians living in extreme poverty – Report

More than 2.8 million Ghanaians, representing about 10 per cent of the population, are living in extreme poverty. The vast number are said to be...

$350m LNG terminal deal sealed in China

Tema LNG Terminal Company Ltd. on Sunday, September 2, 2018, signed an agreement with China Harbour Engineering Company, for the construction of a Liquefied...

Seize properties of collapsed banks’ managers – Ace Ankomah

A private legal practitioner, Ace Ankomah, has said the required legal backing for the recovery of depositors’ funds from the officials of the recently...

Cal Bank Financial Officer jailed 4 years for stealing

A circuit court in Accra has sentenced an Accounts Officer to four years imprisonment in hard labour for stealing cash in the sum of...

MTN IPO raises about ¢444m from Ghanaians

Official figures from MTN’s Initial Public Offer (IPO) indicates that about GH₵444m out of the GH₵1.14 billion raised came from Ghanaians, representing about 38.69%. About...

MTN shares crash 23% to 2009 lows on $8bn demand from Nigeria

MTN’s share price crashed 23% and Standard Bank’s share price fell 3.4% on Thursday morning after they confirmed the Nigerian central bank had ordered...

Esoko launches insyt to reduce reliance on paper

Esoko, a mobile technology-based Ghanaian organization has launched a new web and mobile application-based product called Insyt. Insyt is a platform built by the company...

GUTA to close shop in protest against CTN

Ghana Union of Traders Association (GUTA) has declared nationwide strike starting from Monday 3rd September to 5th September, 2018 by closing their shops to...

GNPC reacts to Global Haulage property acquisition saga

The Ghana National Petroleum Corporation (GNPC) in a press release, has responded to recent publications and news items on the acquisition of residential properties in...

Fabewoso: BoG to blame for bank collapse [Video]

 The Bank of Ghana cannot absolve itself from blame over the recent collapse of seven indigenous banks due to laxity on its part, Adom...

Ministry mute over digital migration

The Ghana Independent Broadcasters Association (GIBA) has been left in the dark as the Ministry of Communications remains mute over some critical concerns confronting...

SSNIT saves GH¢18.1m after deleting 8,366 ghost names from pension payroll

Measures introduced by the Social Security and National Insurance Trust (SSNIT) in February 2018 to delete ghost names from the pension payroll have yielded...