BANKS WRITE OFF GHȻ631.8 MILLION DUE TO ECONOMIC SLOWDOWN, HIGH OPERATIONAL COSTS
Banks operating in Ghana made a provision of GHȻ631.8 million as bad debts in their books at the end of July 2016, the latest Financial Stability Report indicates.
CHALLENGING TIMES FOR BUSINESSES — MAHAMA
With 19 days to crucial presidential and parliamentary elections in Ghana, President John Mahama has acknowledged that current economic conditions in the country have impacted negatively on businesses and that his government is taking measures to improve the business climate.
MONEY SUPPLY TO REMAIN TIGHT
As the Monetary Policy Committee of the Bank of Ghana takes a decision on the benchmark interest rate on Monday November 25, 2016, analysts are expecting a further squeeze in liquidity, at least for the next two to three months.
BOMBSHELL! AMIDU GRILLS WOYOME OVER GHȻ51.2M CASH
The Supreme Court has granted the application filed by Martin Amidu to orally examine NDC bankroller, Alfred Woyome, over whether or not he (Woyome) has the means to pay the controversial GHȻ51.2 million judgment debt paid to him by the state.
NPP BLOWS GOVERNMENT COVER OVER GHȻ450 SCANDAL
The NPP yesterday alleged a dubious deal between the government of Ghana and waste management company, Zoomlion Ghana Limited.
ANOTHER MAHAMA GUNMAN NABBED
A 30-year-old man who claimed to be National Security operative and dressed in full military apparel has been arrested.
DUMSOR HITS CJ
The Chief Justice, Georgina Wood, yesterday launched the 3rd edition of the manual on election adjudication in Ghana amidst power outage.
AMIDU, WOYOME TO SLUG IT OUT
The Supreme Court yesterday granted persmission to the anti-corruption crusader, Martin Amidu, to orally examine businessman, Alfred Woyome, over the latter’s assets.
WE HAVE DOLLARS; BANKS MOVE TO DAMPEN SPECULATIONS
Commercial banks have given an assurance that they have adequate foreign currency supplies from the Bank of Ghana to meet demands for United States dollars.
PNC LAUNCHES 55-PAGE MANIFESTO
The flag bearer of the People’s National Convention, Dr Edward Mahama, yesterday launched the party’s manifesto for Election 2016 in Bolgatanga in the Upper East Region, with a pledge to fight corruption in the system if elected President on December 7, 2016.
BANKS TAIL TELCOS FOR DEPOSITS
Whereas banks are struggling, telecom companies are thriving and that is the story that best tells the uneasiness of bankers at the growth of mobile money services in Ghana.
TERKPER PINS HOPES ON SINKING FUND
Finance Minister, Seth Terkper, has said the Sinking Fund created last year is playing a critical role in deepening liquidity and bringing down interest rates on government’s bonds.
BOOST FOR FRESH GRADUATES AS EXIM OFFERS GH¢2 MILLION TO START UPS
The Export and Import Bank, otherwise known as the EXIM Bank, has distributed GH¢2 million to 20 graduate start-up entrepreneurs at its maiden Graduate Enterprise Development Initiative (GEDI) Awards held in Accra.
MULTICHOICE BATTLES PIRACY SURGE
The General Manager of Multichoice Ghana, Cecil Sunkwa-Mills has singled out piracy as the company’s greatest operational challenge that is denying it of huge revenue inflows, taxes to the nation and royalties and also copyright fees to content creators.