Business

Banks risk increased litigation under new Banking Act, says industry player

Financial institutions in Ghana could face increased class action and mass tort litigation if Clause 143 of the new Banks…

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Committee to evict illegal miners from AGA Obuasi Mine constituted

The Minerals Commission has identified 70 groups of illegal small-scale miners to be relocated from concessions of Anglogold Ashanti Obuasi…

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UK interest rates cut to 0.25%

UK interest rates have been cut from 0.5% to 0.25% and the Bank of England has signalled that they could…

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Shippers reject proposed new charges by shipping lines

Stakeholders in Ghana’s shipping and maritime industry and its partner agencies have kicked against a new Terminal Handling Charge (THC)…

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BoG armed to bail-out troubled banks, NBFIs

The Bank of Ghana (BoG) has now obtained the powers to bail-out financial institutions in liquidity troubles following the passage…

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Africa World Airlines customers can now buy flight tickets at Capital Bank

Customers of local airline, African World Airlines, can now have the convenience of purchasing their flight tickets at any Capital…

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VRA workers warn Power Ministry against ‘covert actions’

Workers of the Volta River Authority (VRA) have served notice of embarking on a number of industrial actions, starting Thursday,…

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Finance Ministry confirms liquidation of WAMCO

Deputy Finance Minister Ato Forson has told Parliament processes have begun to liquidate the West African Mills Company Limited (WAMCO).…

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Study shows undernutrition taking huge toll on Ghana’s economy

The economy of Ghana loses GHC4.6 billion (US$2.6 billion approximately 6.4 percent of GDP) a year to child undernutrition, a…

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ADB rewards customers in MTN Mobile Money Month

Customers of Agricultural Development Bank (ADB) who transacts business using MTN Mobile Money at any of the bank’s branches this…

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