Wednesday , July 24 2024

Business

UMB SIGNS 11 MILLION USD($ 11m) FACTORY PROJECT UNDER GOVERNMENT’S 1D1F INITIATIVE

Universal Merchant Bank(UMB) has entered into the record books as the first private financial institution to finance government’s flagship,One District, One Factory initiative. Under the arrangement through the UMB PPP Incubator Centre will provide a credit facility to the tune of USD 10.7 million to the Central Sugar Company Limited …

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Bank collapse: ICU gears up for battle in defence of affected workers

The Industrial Commercial Workers Union ICU is lacing its boots for a full defence of hundreds of workers who have lost their jobs in the current banking crisis. Head of the Union, Solomon Kotei says the ICU will be offering “pro-bono” services in court for the workers who voluntarily agree …

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ACCESS BANK MEETS THE NEW CAPITAL REQUIREMENT OF BOG

Access Bank Ghana has met the new minimum capital requirement set by the Bank of Ghana (BOG) ahead of the stipulated deadline in December. This makes Access Bank the first among Banks requiring to raise the new capital of GHS 400million set by the Central Bank. The announcement comes after …

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STEP TAKEN BY BANK OF GHANA IS IN THE RIGHT DIRECTION- UCC LECTURER

A Business Commerce (B.COM) Lecturer at the University Of Cape Coast (UCC), Mr. Seyram Kawor has uttered his opinion regarding the amalgamation of five banks by the Bank of Ghana, stating “It’s a step in the right direction”. Following a recent press release of the Bank of Ghana granting a …

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BOG COMMITTEE TO REVIEW THE HEALTH OF THE ECONOMY TODAY

The Monetary Policy Committee (MPC) of the Bank of Ghana will start its quarterly meeting today, July18, 2018 to review the health of the economy. The committee will also assess the impact of major economic policies introduced by the central bank to stabilize the economy. On top of the agenda …

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FUEL PRICES TO GO UP BY 3 PERCENT – INSTITUTE OF ENERGY SECURITY

The Institute of Energy Security (IES) is predicting a 3 percent increase in fuel prices for the second half of July. According to the institute, prices will go up by about three percent barring an intervention from the National Petroleum Authority (NPA). In an interview with Citi Business News, Research …

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NOT EDUCATING GIRLS COSTS COUNTRIES TRILLIONS OF DOLLARS – WORLD BANK REPORT

Limited educational opportunities for girls and barriers to completing 12 years of education cost countries between $15 trillion and $30 trillion in lost lifetime productivity and earnings, says a new World Bank report. According to the report ‘Missed Opportunities: The High Cost of Not Educating Girls,’ less than two-thirds of …

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WE WILL HELP THE GOVERNMENT “KICK-OUT” FOREIGN RETAILERS- ESSUMAN MENSAH

The Municipal Chief Executive for the Awutu Senya district, Honourable Michael Essuman Mensah has assured the Government of joining hands with them to “kick-out” foreign retailers from the market. When asked by the host, Kofi Asamoah Aning as to plans put in place to eradicate such an issue, he answered …

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IT’S A VERY GOOD INITIATIVE TO OUST NON-GHANAIANS FROM RETAIL SECTORS- ICU SECRETARY

General Secretary of the Industrial and Commercial Workers Union (ICU) Solomon Kotei, has applauded the Ministry of Trade and Industry for their initiative they have placed to remove Non-Ghanaians in retail sectors for Ghanaians. Mr Kotei made the statement during an interview with the Kasoa based radio station Pink FM. …

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WE ARE NOT AGAINST FOREIGNERS – GUTA

The Ghana Union Traders Association (GUTA) is not against foreigners doing business in Ghana, Kwadwo Amoateng, Greater Accra Regional Chairman of the body, has said. According to him, the association is rather against foreigners who are engaged in petty trading in Ghana, since the laws of the land frown on …

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