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Government completes $1bn payment for all Bulk Oil Distributors Legacy Debts

The Ghana Chamber of Bulk Oil Distributors (CBOD) has disclosed that government on January 13, 2020, finalised all payments in respect of the BDC legacy debts. The debts were accrued over from July 2011 to June 2015 with interest capped in March 2018. According to Senyo Hosi, who is the CEO of the Chamber, “the

State charges Asiama, Duffour and 7 others over collapse of uniBank

A former Deputy Governor of the Bank of Ghana (BoG), founder of uniBank Ghana Limited and his son as well as six others have been charged by the state with 68 offences for their roles leading to the collapse of the bank in 2017. Kwabena Duffour, Honda Holdings Limited, Johnson Pandit Asiama,

Government to intervene to avoid collapse of Neoplan Ghana Limited

The Deputy Minister of Trade and Industry says the government is ready to intervene to avoid the collapse of Neoplan Ghana Limited. Carlos Ahenkorah said “Let me say on authority, it’s not government’s desire to see Neoplan collapse. It has been one of the flagship companies of Ghana.” Speaking to JoyBusiness, Mr

Moody’s changes Ghana’s outlook to positive from stable, affirms B3 rating

Moody's Investors Service (‘Moody's’) has today affirmed Ghana's long-term issuer and senior unsecured bond ratings at B3 and changed the outlook to positive from stable. Moody's has concurrently affirmed the rating of the bond enhanced by a partial guarantee from the International Development Association (IDA, Aaa stable) at B1. The decision to

Ex-BoG governor wanted

Report reaching DGN online indicates that the police have launched a manhunt for the arrest of a former Deputy Governor of the Bank of Ghana, Dr. Johnson Asiamah. The former deputy Governor is wanted in connection with the banking crisis that led to the collapse of nine commercial banks. The police are

MTN to announce compensation for network disruption


Telecoms giant, MTN, says it is finalising modalities to compensate its subscribers for the major network disruption last week. Corporate Services Executive at the leading mobile network operator, Sam Koranteng, said discussions on the compensation package will soon be announced. “At MTN, when our subscribers have gone through some discomfort and challenges