Prime News Ghana

Today's Ghana Business, Banking and Economic news

Government to revamp Ghana post to create jobs

The government has reiterated its plans to revamp the nation’s postal service – Ghana Post as part of its efforts to create job opportunities in the country.

Kenya to rollout e-passport next month

Kenya is set to replace the current ‘analogue’ travel documents with the new electronic passport come September 1 in a move aimed at curbing forgery and easing clearance at international airports.

GRA recovers Ghc128.6 million in lost tax

Special Mobilization Taskforce of the Ghana Revenue Authority (GRA) has recovered about Ghc128.6 million over the last six months (January - July 2017) from some entities in the country who evaded tax.

Opportunity International reduces interest rate in response to current trend

The Chief Executive Officer(CEO) of Opportunity International Savings and Loans (Opportunity International), Kwame Owusu-Boateng, has said, the steady interest rate decline especially the Treasury Bill rates in recent months with a corresponding reduction in lending rates, augurs well for government’s quest to deepen financial inclusion in the country.

HFC bank MD resigns to take up ministerial appointment

HFC Bank (Ghana) Limited, a subsidiary of Republic Financial Holdings Limited, has announced that its Managing Director, Robert Le Hunte, will be leaving the Bank after four (4) years of service to take up a Ministerial appointment in Trinidad and Tobago’s Government.

Integrity of banking awards on thin thread, after UT and Capital Bank collapse

The unannounced collapse of some of Ghana’s best-known brands – UT and Capital banks has raised several questions in the minds of the business community and the public in general. More specifically, it has called into question the integrity of both the annual report of the Bank of Ghana upon which most of the assessment is done as well as that of the ‘banking awards’ itself.

Americans' debt level notches a new record high

Americans' debt level notched another record high in the second quarter, after having earlier in the year surpassed its pre-crisis peak, on the back of modest rises in mortgage, auto and credit card debt, where delinquencies jumped.