Saturday , February 27 2021

Business

Peugeot to open car assembling plant in Ghana

Ghana will soon see popular car manufacturer, Peugeot, open a vehicle assembly facility in the country. This is according to the CEO of Silver Star Auto, the sole authorized distributor of Peugeot in Ghana. Mr. Asad Nazir says that talks with relevant authorities are far advanced and an official announcement …

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Chinese company claims US$55m from Ghana for cancellation of traffic management contract

A Chinese-based construction company, Beijing Everyway Traffic and Lighting Tech Co Ltd is claiming USD55 million from Ghana for cancelling a contract it awarded it to develop an intelligent traffic management system for the country. The Chinese-based company is also claiming the amount following the award of the same contract …

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Merchants to demand IDs for MTN MoMo transactions from February 1

Effective February 1, 2021, users of MTN MoMo will be required to present a valid national ID card for transactions at a MoMo agent point. Ghana Card, Driving License, passport, voter’s ID, SSNIT ID, NHIS are the valid Identification cards sanctioned to be used for transactions by MTN Ghana. According …

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Many banks were running glorified ponzi schemes – Akufo-Addo

Prez

The president has likened the previous operations of the many dissolved financial institutions to that of a Ponzi scheme. President Nana Addo Dankwa Akufo-Addo reiterated that his administration upon assuming power observed that many banks were in distress and had been kept on “unsustainable and artificial life support by the central bank.” …

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Government introduces specialised 4-passenger motorcycles for Okada riders

The Bajaj Qute vehicles were outdoored as part of the CODA Drive initiative

The government has outdoored specialised four-passenger quadricycles to drivers and Okada riders on hire-purchase for use as public transport. The Bajaj Qute vehicles, according to a report by Citi News were outdoored on Saturday, November 28, 2020, by the Coastal Development Authority (CODA). According to the report, Chief Executive Officer …

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Value of Mobile Money transactions up by 110 percent in 2020 – Report

The value of mobile money transactions has more than doubled in the last twelve months, according to the Bank of Ghana. The total value shot up by over 110 percent eight months into the year 2020 compared to the same period last year. This is contained in the Central Bank’s …

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We haven’t paid Shatta Wale, other brand ambassadors GHS2M – Exim Bank

The Ghana Export-Import Bank has denied paying any ambassador or influencer GHS2 million to promote products made in Ghana. The clarification comes after the Public Accounts Committee (PAC) of Parliament flagged the alleged payment of GHS2 million to Ghanaian artiste, Shatta Wale by Ghana’s Exim Bank. In a statement, the bank clarified that …

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Coca-Cola Bottling Company-Ghana to lay off workers as COVID-19 hits hard

A number of employees of the Coca-Cola Bottling Company of Ghana Limited will soon be discharged of their duties. This was announced in a statement signed by the Business Unit Managing Director WAC of the Company, Felix Gomis. According to the statement, this declaration of redundancy has come about due …

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Court dismisses MTN’s suit against NCA on market share regulation

NCA fines MTN

The Commercial Division of the High Court in Accra on Tuesday, September 1, 2020, dismissed a suit filed by Mobile Telecommunication giant, MTN, against the National Communication Authority over its intent to regulate the telcos space to ensure fair competition. MTN filed the suit after it was declared as a …

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ADONKO MOVES TO THE “NEXT LEVEL”

ADONKO MOVES TO THE "NEXT LEVEL"

ADONKO MOVES TO THE NEXT LEVEL Adonko company limited, a subsidiary of the Angel Group Of Companies has launched its first non-alcoholic drink known as Adonko Next level. Next Level is a premium energy drink filled with vitamins B6 and B12 and other important nutrients. In an interview with KD …

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