Effective today , Airline companies using the Terminal Three facility at the Kotoka International Airport will pay 5 dollars per hour for using the counters at the facility. The new fee which is known as the Check-in Counter fee, was disclosed in a letter which was sent by the Ghana...
The Public Interest and Accountability Committee (PIAC) and the Economic and Organised Crime Office (EOCO) have agreed to collaborate to protect Ghana’s petroleum revenues from embezzlement and financial abuse. The two separate entities signed a Memorandum of Understanding (MoU) to back the agreement between them. The collaboration between the PIAC and...
The Managers of the Gold Coast Fund Management (GCFM) says, has so far, nearly GH¢60 million has been paid to aggrieved customers and has given the assurance that more payment would come. “Management is mobilising funds to meet the needs of pensioners, urgent situations and settle arrears due from transactions...
The Association of Building and Civil Engineering Contractors of Ghana has charged government to take pragmatic steps to honour its campaign promises pertaining to the unpaid Ghanaian contractors. The association in a press release has also enquired of the status of the $1.5 billion dollars loan contracted by the government...
Economist, Prof. Peter Quartey has urged government not to alienate the International Monetary Fund (IMF) after Ghana successfully completes its extended credit facility program with the fund. Following the completion of the 7th and 8th review under the program, many stakeholders have spoken of the need to implement the needed...
The Securities and Exchange Commission (SEC) has cautioned the public against doing business with some six fund management companies who have voluntarily ceased their operations. The companies cited various reasons for the decision. As a result, the regulator says they are not supposed to engage the public in that capacity henceforth. The...
The Ghana Chamber of Mines has disclosed to Citi Business News that the change in operations by Goldfields has led to increased productivity at the company’s Tarkwa mine. Goldfields, in 2018 announced a major shift in its mining operations from owner to contract mining sparkling a lot of controversy from labour...
Professor of Economics at the Institute of Statistical, Social and Economic Research (ISSER), Peter Quartey, has described as a move in the right direction, the decision by the Bank of Ghana to use six hundred and seventy million dollars ($670,000,000) to stabilize the cedi. The Governor of the Bank of...
The National Insurance Commission (NIC) says it will before the end of the first quarter of 2019 announce new minimum capital requirements for players in the insurance industry. Companies within the insurance sector are to expect increases of more than 200 percent according to the Commissioner of Insurance, Mr. Justice...
An Economist, Professor Eric Osei Assibey has suggested that the government’s debt re-profiling could be having a positive impact on reducing the country’s debts. According to him, some interim improvements within the economy could have a greater impact if the plan is sustained. Professor Assibey’s comments come on the back of...
AngloGold Ashanti (AGA) says the over $500 million spent on the Obuasi mine during the four years that it remained shut is due to the firm’s confidence in Ghana’s mining sector. Managing Director of the AngloGold Ashanti, Eric Asubonteng, said there exist viable opportunities in the sector, especially at its...
The Receivers of defunct UT and Capital Banks have sent notice to all loan defaulters informing them that they have up to March 31, 2019 to pay all debts owed the banks before their collapse or face legal action. The notice by Joint Receivers Vish Ashiagbor and Eric Nana...