Prime Business, Economic and Financial News

Transport fares to go up?

Transport operators in the country are contemplating on whether to increase transport fares as a result of the frequent increment in petroleum prices.
Hon Richard Acheampong, MP for Bia East Constituency

S&P Global rating on Ghana is not genuine - MP

A member of the Parliamentary Select Committee on Finance says the rating of Ghana’s credit rating by the international rating agency, Standards and Poor's (S&P) Global, does not reflect the actual…

Heritage, Premium and GN banks in merger talks to meet minimum capital

Three banks, GN Bank, Heritage Bank and Premium Bank have initiated merger talks and have consequently informed the Bank of Ghana (BoG) about their intent.

Bawumia says cedi just down by 7%, 'we're better managers than NDC'

Vice-President Dr Bawumia says the Akufo-Addo government has performed far better in managing the depreciation of the Ghana cedi in relation to the U.S. dollar than the erstwhile NDC administration.
The cedi has seen its value go down significantly over the past three weeks reaching around ¢4.94

Traders losing hope as government loses hold on Cedi

A sluggish Ghana cedi coupled with an apparent weak foreign exchange law is a potentially calamitous combination, traders worry.
Pressure Mounts on UniCredit as customers demand their deposits

Pressure Mounts on UniCredit as customers demand their deposits

Customers of UniCredit Savings and Loans, a sister company of the defunct UniBank, have besieged the Kantamanto branch to demand their deposits as the perception of UniCredit having liquidity…

PHOTOS: Customers storm Menzgold premises for their deposits

Customers of Menzgold Ghana Limited have stormed the premises of the gold dealership firm in East Legon to retrieve their deposits.
Menzgold _CEO

Menzgold rubbishes suspension letter from SEC

Menzgold Ghana Company has severely criticized and rejected as worthless, a letter issued to them by the Securities and Exchange Commission (SEC) directing them to shut down all investment trading in…

GRA arrest 6 ECOWAS-plated cars for abusing TVI

The Special Surveillance Monitoring Unit of the GRA Customs Division has arrested 6 vehicles with ECOWAS number plates for abusing the Temporary Vehicle Importation regime (TVI)
Cedi depreciation

Cedi depreciation rate better under NPP - Dr Bawumia's Aide

Spokesperson for Dr Bawumia, Gideon Boako, has said the NPP government should be commended for improving on the rate of the cedi’s depreciation, despite that fact that Ghc5.00 is almost equal to one…

Consolidated bank to close down 98 branches

The newly-created Consolidated Bank Ghana Limited (CBG) will be closing down 98 of its 191 inherited branches and keeping 93, Chairman of Parliament’s Finance Committee, Dr Mark Asibey-Yeboah, has…
Consolidated bank

Beige Bank teller and Cash Boy charged for stealing ¢200K from Consolidated bank

Bullion Teller with the defunct Beige Capital Bank and Cash Boy who allegedly conspired and stole an amount of GH¢200,000.00 from the Consolidated Bank Ghana Limited were on Tuesday put before an…

You have no cause to worry, all is well - Menzgold to clients

A Media report Monday indicating delays in the payment of latest dividends to clients of gold dealing firm, Menzgold Company Limited, has been acknowledged with a firm assurance that customers have…

MTN Ghana raises GHS1.1 billion but misses share sale target

MTN Ghana raised Gh₡1.1 billion ($236 million) selling about a third of the shares the mobile telecommunication company made available in an initial public offering (IPO).
Dr. Joseph Kwaku Obeng, President of GUTA

GUTA suspends planned protest against CTN

The Ghana Union of Traders Association (GUTA) has suspended its planned protest against the implementation of the Cargo Tracking Note (CTN).

CBG to integrate laid off workers in other business modules

Management of Consolidated Bank Ghana Limited (CBG) says it has taken steps to ensure that workers that will be laid off are integrated in other business modules.