The Vice President, Kwesi Bekoe Amissah-Arthur, has called for a dispassionate national debate on whether government should tap into the heritage fund to cushion the national economy.He was speaking to a cross section of the Ghanaian community in Houston, Texas, where he recently attended an international conference on oil and gas.Vice President Amissah-Arthur’s call came in the wake of criticisms […]

Mr Seth Terkper, the Minister of Finance and Economic Planning, on Thursday appealed to the Chartered Institute of Accountants Ghana (ICAG) to reprimand members whose misconduct lead to the payment of judgment debts.He also urged ICAG to monitor the proceedings of the Public Accounts Committee and the Auditor-General’s report and apply sanctions on members who cause financial loss to the […]

The financial statements released by Ghana’s universal banks in March this year, covering  their respective financial performances for 2013 have revealed that even as the biggest three banks — Ecobank, Ghana Commercial Bank and Standard Chartered Bank — have retained their positions in that order, adjudged by total assets, there have also been some major changes at the upper end […]

Deputy Information Minister, Felix Kwakye Ofosu, says the governing National Democratic Congress (NDC) has proven beyond reasonable doubt that it is a better manager of the economy.According to him, the country, in spite of the seeming economic challenges, is in a better shape than it was under the opposition New Patriotic Party (NPP).Kwakye Ofosu in an apparent response to claims […]

Some consumer groups have threatened to sue telecom companies in Ghana if they implement a new charge on subscribers who use social platforms and media services. According to reports some telcos are likely to charge a standard rate of five Ghana cedis per month for certain social platforms like WhatsApp, Tango and Viber with WhatsApp likely to attract an additional […]

The Managing Director of SIC Insurance, Mrs. Doris Awo Nkani, has announced the introduction of a new claims payment code expected to fast-track the payment of claims to clients. With the new policy, legitimate claims would be made within five working days, after all relevant documents have been presented, says Mrs Nkani. According to her the new payment code is […]

The Trades Union Congress (TUC) has disputed government’s claim that the nation remains the best possible investment destination. This was in response to the Minister of Finance, Seth Tekper’s appearance in Parliament on 1st April 2014where he made a major policy statement to MPs. However, a statement signed by the Secretary General of the TUC, Kofi Asamoah stated that “with […]

President John Mahama has appointed Dr.Toni Aubynn as the new Chief Executive Officer of the Ghana Minerals Commission. Among other roles, Dr Aubynn is to assist the Government’s drive to harmonize views among all key stakeholders as major input in the new direction the Government seeks to forge for the local mining industry. He replaces Mr. Benjamin Aryee who after […]

This year and next could be worse than 2013 despite the challenging situations in which businesses operated last year, Societe Generale Ghana Chief Executive Officer Gilbert Hie has said. Enumerating the increase in inflation, depreciation of the cedi and high yields on government’s Treasury bills and bonds, he said these factors will keep interest rates high and make lending to […]

The Deputy Mayor of the Qingdoa Municipality, Mr. Wang Wei, led a high-powered Chinese business delegation to meet the CEO of the Ghana Investment Promotion Centre (GIPC), Mawuena Trebarh, to explore possible business opportunities in the country. Welcoming the delegation last week, Mawuena Trebrah said the delegation has expressed interest in a broad range of[investments in the country. She noted […]