Business
Monday, June 17, 2019
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Minister for Works and Housing Samuel Atta Akyea has reiterated the need for Ghanaians to adopt sustainable energy conservation methods in households, citing the outrageous amount the country pays monthly on electricity generation as a reason. According to him, the...
Daniel Yaw Domelevo, the Auditor-General, on Friday, said the Audit Service would by the end of this month release a special audit report it conducted on some public institutions that were involved in financial misappropriation. He assured of his unflinching...
The Cash-lite dream has been the core objective of many Countries in the World due to its:  Socioeconomic benefits, Safety and security of Cash flow, Uninterrupted rotation of Cash from one wallet to the other, Convenience, reliability and reach-ability of...
The Economic and Organised Crime Office (EOCO) says the new trend of online "susu" investment called "Loom" is nothing but a scam. In a statement issued by the Head of Public Affairs Unit of EOCO, Jacqueline Avotri, the scheme is...
Graduate entrepreneurs who wish to do their national service through their own projects can now do so after a successful pilot last year which saw 20 of such graduates complete their national service programmes working on their own projects. The...
The National Investment Bank, (NIB), has terminated the appointment of all contract staff. A letter of termination sent to the affected staff read in part “that management has decided to terminate your contract on June 30, 2019.” The letter added that...
Ghanaians have taken to social media to chastise the Securities and Exchange Commission (SEC) for cautioning the public against transacting business with the investment firms, Golden Empire Legacy Limited and Loom. The SEC said the public needs to be cautious of such...
CONSTRUCTION FIRM, First Sky Limited, has dismissed reports by Joy News that it (First Sky Limited) is responsible for the asphalt failures on the Trom Junction – Somanya-Kpong roads. According to the Company, it was never responsible for the said...
The Ghana Standards Authority (GSA) has fined each of the 10 fuel stations that were found to have been under-delivering fuel to consumers GHS5000. They were found out following an inspection of fuel measuring and dispensing instruments in parts...
Some customers of the erstwhile GN Bank (now GN Savings and Loans) in Dzemeni, Volta Region, have asked the management of the bank and its founder, Dr Papa Kwasi Nduom, to pay them back their deposits within two weeks. Some...
Some aggrieved contractors are threatening to lock up about 766 public school facilities that they were contracted to build if government does not make any frantic effort to pay them for their work by June 26, 2019. The contractors are...

GOIL Is Doing Very Well – MD

Goil Company Ltd, has met with members of the media in Accra, to update the public on the status of the growing indigenous oil marketing company. Patrick Akorli, Managing Director and Group CEO of GOIL, recounted the challenges the company...
The Customs Division of the Ghana Revenue Authority, has assembled members of the press, in a forum, as an effort to educate public on current enhancements in the trade and port clearance system. Customs, since 2002 has partnered IT Solutions...
The Ghana Standards Authority (GSA) has published a list of 10 fuel stations cheating customers in Ghana. The GSA uncovered the ill activities of the pump stations in an unannounced check in the Greater Accra and parts of the Central...
The Minority Spokesperson on Finance, Cassiel Ato Forson says it will be practically impossible for Ghana to payback its alarming debt stock due to the lack of revenue. According to him, a debt sustainability assessment conducted by both the International...
The Communications for Development and Advocacy (CDA Consult) on Wednesday called on Government to adopt a stiffer punishment against dealers in counterfeit goods especially electrical products in the country. Mr Francis Ameyibor, Executive Director of CDA Consult stated at a...
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The banking sector: After the storm

Last year was a very torrid time for the banking sector. The regulator, Bank of Ghana (BoG), set a December 2018 deadline for the all banks to beef-up their minimum capital by as much as 70 percent (from GH¢120...
Managing Director of GOIL, Patrick Akorli

GOIL is doing well – MD tells media

Goil Company Ltd, has met with members of the media in Accra, to update the public on the status of the growing indigenous oil marketing company. Patrick Akorli, Managing Director and Group CEO of GOIL, recounted the challenges the company...
The Inflation rate for May 2019 is 9.4 per cent, a 1 percentage point drop from the 9.5 per cent rate recorded in April 2019, the Ghana Statistical Service (GSS) has announced on Wednesday, 12 June 2019.The Food and...
Residents of Ghana’s Upper West Region are bearing the brunt of the economic hardship as data from the Ghana Statistical Service (GSS) show that goods and services in that part of the country cost the most.The region recorded the...
Stakeholders in the cocoa business have agreed in principle that they will not buy a tonne of cocoa from Ghana and Cote D'Ivoire below $2,600. The agreement was reached in Accra Wednesday at the instance of the two West African...
The Alliance for Development and Industrialization has taken a swipe at the New Patriotic Party and National Democratic Party over the use of the public debt as a liability to the country. According to a statement issued in Accra, the...
Over the past year or so, Menzgold Ghana and its CEO, Nana Appiah Mensah, have been the target of a barrage of attacks that have left one of the most patronized local companies in crisis, its CEO in custody...
Fair Trade USA will increase the floor price and fixed premium it requires companies to pay cocoa farmers under its certification system, the organisation said on Tuesday. Fair Trade USA will increase the floor price and fixed premium it requires...
The Minister of Health, Mr Kwaku Agyeman-Manu has lauded the Medical Superintendent of the Ho Municipal Hospital in the Volta Region, Dr Lawrence Kumi, for the efficient use of the hospital’s Internally-Generated Funds (IGFs). The Minister of Health, Mr Kwaku...
Former Liberia president, Ellen Johnson Sirleaf has become one of the many prominent people to own one of the vehicles made by Ghanaian automaker, Kantanka Automobile. Sirleaf, the first female president in Africa, bought herself one of the saloon cars...
Spokesperson for the Contractors Association of Ghana, Richard Nyarko has warned that local contractors are close to hitting the streets in protest to unpaid arrears owed them by government. Bemoaning the unsavory biases meted out against indigenous contractors, Mr Nyarko...
Ghana’s President, Nana Akufo-Addo has agreed that his country would help Guyana’s energy sector, Director-General of the Ministry of the Presidency, Joseph Harmon said. Briefing the media after Akufo-Addo was conferred with Guyana’s national award, the Order of Excellence by...
The National Democratic Congress (NDC) has disclosed that each Ghanaian owes about GHC7000.  According to the party, Ghana’s total debt stock currently stands at $38.9 billion or GH¢198 billion. The figure, YEN.com.gh understands, represents 57% of Ghana’s Gross Domestic Product...
GOIL Company, Shell, and Frimps Oil have been named as oil marketing companies involved in cheating within the Greater Accra Region. The revelation was made by Ghana Standards Authority (GSA) after its latest periodic checks. The GSA’s survey report...
The Association of Civil Engineering and Road Contractors, and the Association of Building and Civil Engineering Contractors have threatened to lock up all infrastructural projects built by their members if the government fails to pay them for their work. The...
The Executive Director of the Chamber of Petroleum Consumers of Ghana (COPEC), Duncan Amoah, has called for strict punishment to be meted out to fuel stations found to have adjusted their fuel pumps in a bid to cheat customers. Mr...
The Social Security and National Insurance Trust (SSNIT) spends more than GH¢1 million per month on invalidity pensions. Some contributors in this category of pensioners who have been on the pension payroll for more than 20 years are below the...

SEC Warns Public On LOOM, Golden Empire

The Securities and Exchange Commission (SEC) has cautioned the public against Golden Empire and Loom as the regulator confirms they are unlicensed. According to the Director General of the Securities and Exchange Commission, Rev. Daniel Ogbarmey Tetteh the public needs...
The Securities and Exchange Commission (SEC) has cautioned the public against Golden Empire and Loom as the regulator confirms they are unlicensed. According to the Director General of the Securities and Exchange Commission, Rev. Daniel Ogbarmey Tetteh the public needs...
The Mahama administration left behind a public sector debt of GHS120 billion, not GHS122 billion as claimed by some communicators of the governing New Patriotic Party (NPP), a former deputy minister Mr Casiel Ato Forson, has said. The MP for...

Rosy Fynn Is Busy Internet New CEO

4G mobile broadband service provider, Busy Internet, has appointed Rosy Fynn as the company’s new Chief Executive Officer.Ms Fynn officially took office on Monday, 10 June 2019.She holds a first degree in Computer Science and Mathematics from Smith College...
Ghana and Cote d’Ivoire will today begin a two-day meeting in Accra with buyers, processors of cocoa beans from all over the world to discuss proposals of setting a minimum price for the cocoa bean produced by the two...
A lawyer for some aggrieved Menzgold customers, Amanda Clinton, has asked government to ignore the appeal from lawyers for the CEO of Menzglod Ghana Limited, Nana Appiah Mensah (NAM1), for the revocation of the Interpol Red Alert on their...
The lawyer for some aggrieved customers of Menzgold Ghana Limited, Ms Amanda Clinton, has refuted suggestions that the government of Ghana revoke an Interpol red alert on the troubled company's CEO, Nana Appiah Mensah (NAM1), to enable the young...

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