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The Board of Directors of First Atlantic Bank has appointed Mr. Odun Odunfa as the new Chief Executive Officer. Mr. Odunfa succeeds the outgoing CEO, Mr. Gabriel Edgal. Currently a local bank, it is the vision of the Board of Directors to extend its services globally,said a statement issued by …
Read More »IMF TO WITHDRAW GHANA’S BAILOUT
The Member of Parliament for the Awutu Senya East Constituency, Mavis Hawa Koomson, has stated that the International Monetary Fund (IMF) is considering a withdrawal of its bailout to Ghana. Speaking on Pink Fm’s morning-show, “Omanbapa Kasa”, Monday morning told Kwame Obeng Sarkodie that information gathered by her indicates that …
Read More »THE MOST AFFORDABLE PROPERTY FOR SALE IN KASOA
A four semi-detached apartments on a single plot of land is going at a very cool and affordable prices.This property is located in Kasoa Township around the Old Timers hotel and right after Pircus Hotel. The plot’s measurement is 115 x 149. The property is litigation free and all …
Read More »ECG begins mass disconnection exercise today
The Electricity Company of Ghana will today, Monday June 20, begin a nationwide disconnection exercise in a bid to retrieve outstanding debts owed it by consumers. The move comes on the back of attempts by government to privatise the state power distributor. Government currently owes ECG GHC950 million while private …
Read More »Tourists shun Ghana’s 5-star hotels
A new report conducted by international online hotel booking company, JOVAGO has revealed that visitors who come to Ghana for tourism purposes do not search and patronize 5-star rated hotels. The report, which is titled “Hospitality Report Ghana 2015” stated that even though there are only three 5-star hotels in …
Read More »Ongoing power cuts will be resolved by Sunday – Ghana Gas
The Ghana National Gas Company has hinted to Citi Business News that operational challenges at the Atuabo Gas Processing plant will be fixed by Sunday. According to Ghana Gas, an order has been placed for a replacement of a faulty equipment on the gas plant which has resulted in the …
Read More »Petroleum Chamber predicts 2% fuel price hikes this week
The Chamber of Petroleum Consumers, Ghana has predicted a 2% fuel price adjustment effective Thursday, June 16, 2016.But the Chamber, feels the move is “very unfortunate and totally unnecessary” considering the slump in world market prices albeit a volatile situation. A statement issued by the executive secretary of the Chamber, …
Read More »Sub-Saharan Africa to see slow growth – World Bank
Latest report released by the World Bank has predicted economic growth in Sub-Saharan Africa to slow again in 2016, to 2.5 percent, down from an estimated 3.0 percent in 2015. More alarming, the World Bank is also forecasting commodity prices to remain low with weak global activity, and tightening financial …
Read More »NDUOM IS RESPONSIBLE FOR THE BAD STATE OF VALCO- NDC PREACHER
A preacher of the NDC gospel Solomon Nkansah have blamed Dr. Papa Kwesi Nduom, a business mogul and founder and leader of the Progressive Peoples Party(PPP) should be blamed for the current state of the Country’s main aluminum processing factory, Volta Aluminum Company(VALCO). The Chief communication officer of the ruling …
Read More »NEW IMF REPORT FORECAST A 4.5% GROWTH RATE FOR GHANA
The Ghanaian economy will record a marginal growth for 2016 compared to what it achieved last year, according to the International Monetary Fund (IMF)’s regional economic outlook report for 2016. According to the IMF, the marginal growth will be influenced by the recent slowdown in commodity prices on the international market. The Fund puts end …
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