Business

Business

Ghana to “soon” use ECO instead of Cedi – Presidency

December 29, 2019 YAYAH sarkodie

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Ghana’s Presidency has said the country would “soon” join eight West African countries who have adopted the ECO as legal tender. They are Benin, Burkina Faso, Guinea Bissau, Ivory Coast, Mali, Niger, Senegal and Togo. A statement signed by Mr Eugene Arhin, Director of Communication at the Jubilee House, said: “The government of Ghana has […]

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Business

ESLA plc to issue GHS260m bond Monday

December 27, 2019 YAYAH sarkodie

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The Energy Sector Levy Act (ESLA) Plc will, on Monday, 30 December 2019, seek to raise GHS260 million additional funds via a 12-year Ghana cedi denominated bond. This will represent Tranche E4 under the GHS10-billion programme. The bond sale was opened to the investing public on 24 December 2019 and will mature on 15 December […]

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Business

Stop refusing to accept high Cedi notes – BoG to retailers

December 27, 2019 YAYAH sarkodie

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The Bank of Ghana has cautioned retailers against rejecting the newly introduced 200 Cedi note. The warning comes after a widely circulated video on social media showing a customer accusing staff of the GAME Retail centre at the Achimota Mall of refusing to accept a GHC200 note he used to purchase beverages. However, the Head […]

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Business

Menzgold to pay customers beginning today

December 27, 2019 YAYAH sarkodie

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Customers of embattled gold dealership firm, Menzgold Ltd. are to receive payment towards their locked up funds starting today, Friday, December 27, 2019. The company scheduled the date after several months of agitation by customers across the country. But the Vice-Chairman of the Coalition of Menzgold Customers Isaac Nyarko in an interview said even though […]

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Business

TOR MD Isaac Osei resigns

December 21, 2019 YAYAH sarkodie

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Mr Isaac Osei has resigned from the Tema Oil Refinery as Managing Director. The former Subin MP and flag bearer-aspirant of the governing New Patriotic Party (NPP) announced his resignation to the staff of TOR at an end-of-year gathering. Mr Osei told that staff that: “I also want to say that I hope that Tema […]

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COPEC: Fuel prices to go up today – again

December 16, 2019 YAYAH sarkodie

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Fuel prices are likely to rise again this week, the Chamber of Petroleum Consumers (COPEC) has hinted. The Chamber, in a statement, said its attention has been drawn to a memo from the National Petroleum Authority (NPA) dated Friday, 13 December 2019, to all petroleum service providers indicating a decision to further increase some elements […]

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Money launderers mustn’t “enjoy” their booty; let’s seize them – AG

December 4, 2019 YAYAH sarkodie

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Apart from jailing money launderers, their assets must be confiscated, too, Minister of Justice and Attorney General Gloria Akuffo has proposed. Speaking at a forum on money laundering and assets recovery forum which is part of the Anti-Corruption and Transparency week celebration, Ms Akuffo said: “Allowing money laundering to flourish and leaving culprits to benefit […]

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Business

MTN compensate customers?

December 4, 2019 YAYAH sarkodie

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The data cost concerns have centred around MTN after some customers of the company took to social media earlier this week to complain about difficulties in purchasing data packages using their mobile money wallets. Following this, the National Communications Authority, in a letter to MTN, said it was concerned about the challenges customers of MTN were facing […]

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Business

Cold stores now overflowing with bumper fish harvest – Gov’t

December 4, 2019 YAYAH sarkodie

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The Minister of Fisheries and Aquaculture Development, Elizabeth Afoley Quaye, has indicated that Ghana has recorded a bumper harvest of fish this year. Cold stores, she said, are not even enough to hold the fish glut. The minister said this when she accompanied President Nana Addo Dankwa Akufo-Addo to present some 6,336 outboard motors and […]

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Business

MTN data zap: Compensate subscribers – NCA

December 4, 2019 YAYAH sarkodie

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The National Communication Authority (NCA) has ordered telecommunication company MTN to “compensate affected customers and inform them of the compensation package” in connection with recent zapping of customers’ data. The NCA also directed MTN to “ensure that over 95% of all calls to your call centres are successful as required by your licence”. A social […]

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