Business

Cedi fall: An economy with high appetite for importation will have its currency failing – Mawutor

August 22, 2022

The Dean, School of Graduate Studies at the University of Professional Studies, Accra (UPSA), Professor John Kwaku Mensah Mawutor, has said the inordinate taste for importation can be attributed to the woes of the Cedi. He explained that an economy that heavily runs its consumption on external producers will always struggle improving on the strength […]Continue Reading

Business

GUTA to close shops on August 29 to demonstrate against rapid cedi depreciation

August 22, 2022

Members of the Ghana Union of Traders Association (GUTA), say they will close down all their shops on Monday, August 29, to demonstrate against the persistent depreciation of the Ghana Cedi. According to them, the rapid fall of the Cedi is having a negative impact on their businesses, hence their decision to stage the protest. […]Continue Reading

Business

FBNBank celebrates 2022 edition of Corporate Responsibility and Sustainability Week

August 22, 2022

FBNBank has announced that it is will be celebrating this year’s edition of its annual Corporate Responsibility and Sustainability Week (CR&S) from August 22 to 26. It is under the theme, “Making kindness a way of life” with the call for all to “Start Performing Acts of Random Kindness.” The CR&S Week commemoration has become […]Continue Reading

Business

BoG cautions public against 19 entities engaged in loan services without license

August 22, 2022

The Bank of Ghana is cautioning the public against unlicensed entities engaged in the provision of loans to consumers, in contravention of the Banks and Specialised Deposit-Taking Institutions Act, 2016. According to the Central Bank, these illegal entities mostly employ the use of mobile applications and social media in their activities. The entities which are […]Continue Reading

Business

Fidelity Bank wins two more international accolades

August 22, 2022

The largest privately-owned Ghanaian bank, Fidelity Bank Ghana, has added two more accolades to its growing list of international laurels. At separate events held over the weekend, Fidelity Bank was named the Best Bank in Ghana at the 2022 Euromoney Awards for Excellence as well as the Best Consumer Digital Bank in Ghana by the […]Continue Reading

Business

Shares dilution and its effects on shareholders’ rights

August 22, 2022

A business idea is registrable as a private company on the undertaking of its founder(s) to contribute capital towards the company’s activities in consideration for rights and interests in the company as well as liabilities. Capital contributed (paid up, partly paid, or unpaid) as part of the primary capital raising activity becomes the property (the […]Continue Reading

Business

Ghana Exim Bank CEO hosts US Embassy team

August 22, 2022

The Chief Executive Officer of the Ghana Export – Import Bank (GEXIM), Lawrence Agyinsam, on Thursday, 18th August 2022, hosted a team from the United States of America Embassy in Ghana, led by the Commercial Counsellor, Dean Matlack. The meeting was held at the head office of GEXIM in Accra and afforded the bank the opportunity […]Continue Reading

Business

Ethiopian Airlines Suspends Pilots Who Missed Landing After Falling Asleep

August 22, 2022

Africa’s biggest carrier Ethiopian Airlines said it has suspended two pilots who reportedly fell asleep and missed their landing during a flight from Khartoum to Addis Ababa. The plane overshot the runway at Bole International Airport in the Ethiopian capital on Monday before landing safely, according to flight-tracking website FlightAware. Independent website The Aviation Continue Reading

Business

ADB to remain agric focused bank – Board Chairman

August 15, 2022

The Board Chairman of the Agricultural Development Bank plc, Daasebre Akuamoah Agyepong II, has stated that the bank will remain committed to the agriculture sector. According to him, the bank was established to support the agricultural sector and thus the board will continue to ensure the core mandate remain a priority. Presenting his 2021 report […]Continue Reading

Business

Alex Mould hints of fuel shortage as forex crunch hit banks

August 15, 2022

A former Chief Executive Officer of National Petroleum Authority (NPA) Alex Mould has hinted of fuel shortage in the country if government do not intervene in providing foreign exchange to the banking sector immediately. Mr. Mould, who doubles as a former Executive Director of Standard Chartered bank indicates that, banks are not providing sufficient foreign […]Continue Reading