• 6 days Menzgold Ghana says it will begin payments to customers on December 18, here’s how Pulse -Biz
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  • 6 days Nigeria’s weak operating environment is still a challenging factor for the banking sector Pulse -Biz
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  • 6 days Financial sector clean-up: Government of Ghana waiting on Parliament’s approval for GH¢15.6billion bailout Pulse -Biz
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  • 7 days COPEC Predicts Fuel Price Hikes ModernGhana -Biz
    The Chamber of Petroleum Consumers-Ghana (COPEC) is raising concerns over an almost 1% increase in fuel prices since Friday evening. Duncan Amoah, Executive Secretary of the Chamber, in a press release Sunday said a ldquo;recent fast depreciation of the cedi against the dollar from cent;5.53 to around cent;5.710 forward rates is largely responsible for this increase in prices... rdquo; He, however, admits that ldquo;there have been some ldquo;marginal increases in FOB pri ... more
  • 7 days Empirical Reasons Why You Should Buy Made In Ghana Food Products ModernGhana -Biz
    That picture speaks ldquo;Ghanaian Tasty Food rdquo; more than a spoken lecture would. Those reading this in the newspapers should put on some 3D glasses and take one look at that picture in colour to instantly activate your salivary glands. As Ghanaians, we love our food. I am first to confess that I do crazy maths to decide whether to purchase a $0.99 app from the AppStore, but with food, that math is very short and very basic. What if our love and preference for Ghanaian t ... more
  • 7 days GCB set to roll out novel Mobile Wallet Service ModernGhana -Biz
    GCB Bank Limited has announced the introduction of a novel mobile wallet service called lsquo;G-Money rsquo;. The service will allow individuals and businesses to use their mobile phones or Personal Digital Assistants (PDA) to store money in the form of electronic money or value for transactions. This comes after the Bank rsquo;s receipt of approval from the Bank of Ghana (BoG) on November 25, to create electronic value backed by equivalent cash to serve customers Anselm Ray Sowah stated ... more
  • 1 week French Agency Supports African SMEs ModernGhana -Biz
    Accra, Dec. 8, CDA Consult ndash; The African Guarantee Fund for Small and Medium-Sized Enterprises (AGF), has received from the French Development Agency (AFD) about USD30 Million to improve access to credit to small and medium-sized enterprises (SMEs) throughout Africa. Mr R eacute;my Rioux, AFD Chief Executive Officer, and Mr. F eacute;lix Bikpo, AGF Group Chief Executive signed a sub-participation agreement of USD 30 million, in Paris, on November 28. The sub-participation agreement s ... more
  • 1 week Akufo-Addo Opens Valve For Karpower Gas ModernGhana -Biz
    President Akufo-Addo has called on Ghanaians to conserve energy despite the stable supply of power in the country. The president indicated that the government has made huge investments in the energy sector and has recently procured 12 million energy efficient bulbs for free distribution, but Ghanaians must make an effort to ensure that energy is not wasted. The president made the remarks at a ceremony at Sekondi in the Western Region to symbolically turned on the valve for the the fi ... more
  • 1 week Gov’t committed to strengthening rural banks – ARB APEX Bank ModernGhana -Biz
    The Deputy Managing Director of ARB APEX Bank, Mr. Alex Kwasi Awuah, has reassured Ghanaians of government's commitment to strengthening rural and community banks amidst the ongoing banking reforms. Mr. Awuah said the Bank of Ghana (BOG) was collaborating with the APEX Bank, the sole regulatory institution of rural banks, to put effective mechanisms in place to boost operations to improve the rural economy. He gave the assurance when he addressed the Extraordinary General Meeting of shareh ... more
  • 1 week A/R: Ghana Job fair trains Job-seekers to leverage on opportunities ModernGhana -Biz
    The Ghana Job Fair, Kumasi Edition, has ended in Kumasi with a call on job seekers to leverage on opportunities that bring employers and other firms under one roof to enhance their employability skills and advance their careers. The Ghana Job Fair Kumasi edition which was held on November 29 is the third in the series of job fairs organised by the Ghanaian-German Centre for Jobs(GGC), Migration and Reintegration as part of the German 8211; Ghanaian Development Cooperation. http:// ... more
  • 1 week Akufo-Addo approves GH₵15.6 bn expenditure to strengthen financial sector ModernGhana -Biz
    President Akufo-Addo has approved a GH?15.6 billion request by the Finance Minister to support the financial sector. According to a statement sighted by Citi News, the amount is to protect depositors and investors of the failed financial institutions as well as improve the liquidity of the sector. The Banking sector has since 2017 seen series of clean up exercises carried out by the Bank of Ghana and the Security and Exchange Commission. So far, the sector has seen the collapse o ... more
  • 1 week Olam Cashew named top agribusiness for sustainability ModernGhana -Biz
    Olam rsquo;s cashew business in Ghana has been named most lsquo;Outstanding Agribusiness Sustainability Company rsquo; at the second edition of the Ghana Agribusiness Excellence and Leadership Awards held last week. Now in its third year, the Awards is an annual event hosted by the Ghana Chamber of Agribusiness and recognises industry players for innovation, customer service, corporate social responsibility and competitive pricing. Olam Ghana was recognised for its exceptional efforts thr ... more
  • 1 week Fiscal Scorecard: Revenue Policy and Performance – Pt 3 ModernGhana -Biz
    Introduction Parts III and IV evaluate the effect of the several tax policy and administration changes from 2017 to date. Several of these reverse policies and updates of tax laws that Parliament enacted between 2009 and 2016. Since most of the recent reversals distort the tax structure and increase direct and indirect tax burdens, they have made tax administration and compliance worse and not been successful in meeting related ambitious fiscal and budget goals. The tendency to blame revenue ... more
  • 1 week Citizens Rural Bank is stable despite challenges – Chairman ModernGhana -Biz
    Chairman of the Board of Directors of the Citizens Rural Bank Limited, Dr Sam Asomaning, says the bank is liquid and stable despite the challenging environment it operated in 2018. ldquo;Some rural and community banks faced deposit withdrawals as some of their investments locked up in investment and discount houses and were unable to access them. I am happy to report that though we also faced same we have largely recovered, rdquo; he said. Dr Asomaning made the remark at the bank rsquo;s ... more
  • 1 week Ghana Hosts African Trade Ministers ModernGhana -Biz
    Ghana, under the auspices of the Ministry of Trade and Industry, is playing host to African Ministers of Trade from the African Union member states from Monday, December 09 to Sunday, December 15, 2019 at the Accra International Conference Centre. The period will see the holding of series of meetings such as the underlisted. 17th Meeting of the African Continental Free Trade Area (AfCFTA) Negotiating Forum (9th-11th December) 10th meeting of the Committee of Senior Trade Officials (12th ... more
  • 1 week Ghanaian businesses under GNCCI oriented on US trade laws at 2019 AGOA Trade Expo ModernGhana -Biz
    President of the Ghana National Chamber of Commerce and Industry (GNCCI), Dr Nana Appiagyei Dankawoso 1, has tasked local exporters and businesses to take advantage of the Africa Growth Opportunity Act (AGOA). With an upward trend in exports under the AGO Programme, Ghana rsquo;s trade with the US totalled $748million in 2018. Speaking to participants at the 2019 AGO Expo in New York, USA, Dr Nana Appiagyei Dankawoso 1 said: ldquo;getting to know what AGOA is about and the trade policies ... more
  • 1 week GNCCI to introduce new business strategies for Ghanaian businesses in 2020  ModernGhana -Biz
    The Ghana National Chamber of Commerce and Industry (GNCCI) says it will introduce new business strategies for Ghanaian businesses to be highly competitive on the international market in 2020. Speaking to JoyBusiness at the Africa Growth and Opportunity Act (ACT) Trade Expo in New York, USA, the Chairman of the Accra Chamber of Commerce, Nana Agyenim Boateng said: ldquo;now is the time for our businesses to rethink their business strategies to penetrate the US market rdquo;. Mr Agyenim Bo ... more
  • 1 week Increase Sanctions For Poor Performing Telcos – #SaveOurData Advocates ModernGhana -Biz
    SaveOurData campaign group, lead campaigners against the high cost of internet data in the country, says sanctions by the National Communications Authority rsquo;s (NCA) against Mobile Network Operators, that do not offer quality service to customers are not deterrent enough. The NCA recently fined MTN in excess of GHS 100,000 for failing to produce a report on the recent technical challenges the company experienced and also for not informing key stakeholders immediately about th ... more
  • 1 week Rural Banks Will Boost Rural Economy – ARB APEX Bank Assures ModernGhana -Biz
    The Deputy Managing Director of ARB APEX Bank, Mr. Alex Kwasi Awuah, has reassured Ghanaians of government 39;s commitment to strengthening rural and community banks in the ongoing banking reforms. Mr. Awuah said the Bank of Ghana (BOG) was collaborating with the APEX Bank, the sole regulatory institution of rural banks, to put effective mechanisms in place to boost operations to improve the rural economy. He gave the assurance when he addressed the Extraordinary General Meet ... more
  • 1 week Ghana Deepens Bilateral Relationship with South Africa ModernGhana -Biz
    Ghana and South Africa have signed an agreement for the establishment of a Bi-National Commission to deepen the ties of co-operation and bonds of friendship between the two countries. The signing of the agreement took place at Jubilee House, the seat of the nation rsquo;s Presidency, on Thursday, following a meeting between President Akufo-Addo and President Cyril Ramaphosa of South Africa, who is in Ghana for a 2-day official meeting With the first meeting scheduled to be held next year, ... more
  • 1 week Use PR to curb strife, boost productivity’ ModernGhana -Biz
    To reduce civil unrest, industrial strikes and enhance productivity, governments and organizations need to adopt and apply best practices in public relations and protocol management in running their affairs. This was the conclusion reached by participants at a three-day international public relations and protocol management conference held December 2-6, 2019 at the Crystal Palms Hotel, Accra. Participants came from countries in west and southern Africa, including Malawi, Nigeria and the ho ... more
  • 1 week Nutrition At The WorkPlace ModernGhana -Biz
    This article is co-authored with Registered Nutritionist, Ms.Vivian Ayamah We all read or hear people around us talking about the value of education practical skills, about intellectual potential and even about emotional and social potential (taht is basically what emotional intelligence and soft skills are all about). But, we rarely hear talk about our Physical Potential (especially in Ghana) Anyone of us who has even been/fell sick, does not que ... more
  • 1 week Kenya’s Standard Gauge Railway fails to break even for the second year in a row and rakes in a paltry $101 million in sales Pulse -Biz
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  • 1 week Farmers Day: Ghana, Ivory Coast secures $113 million from global commodities trader, Cargill to expand cocoa processing facilities Pulse -Biz
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  • 1 week Christmas comes early for Kenya’s Ministerial and State Department after President Uhuru Kenyatta adds $543 million into their purses via Supplement... Pulse -Biz
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  • 1 week Ghana-Japan Business Promotion Committee Inaugurated ModernGhana -Biz
    A six-member Ghana-Japan Business Promotion Committee (GJBPC) has been officially inaugurated in Accra. The Committee will strengthen partnerships, deepen trade relations and attract the requisite technologies and capital investment that would be mutually beneficial to both countries. The inauguration also marked its maiden meeting to enable members of the Committee to hold bilateral discussions and enhance the business climate between the two countries. The Committee comp ... more
  • 1 week GUTA Finally Agrees To Open Foreign-Owned Shops ModernGhana -Biz
    Leadership of the Ghana Union of Traders Association (GUTA) has reneged on its promise of not opening the shops of foreigners they closed down. This came up after a meeting with the Accra Police Command on Thursday. GUTA has now agreed to open hundreds of shops belonging to Nigerians close to the Kwame Nkrumah Interchange. It also follows President Akufo-Addo rsquo;s plea with the Association to allow the relevant institutions to work, in their quest to have the law that b ... more
  • 1 week SSNIT To Stop Paying Pensioners For Failure To Undergo Biometric Re-registration ModernGhana -Biz
    The Social Security and National Trust (SSNIT) says they will from January 31, 2020, stop paying pensioners who fail to re-enroll biometrically. According to a statement from SSNIT, pension payment to affected pensioners will only be restored after biometric re-enrolment. The statement also stated that names of all pensioners who have not gone through the SSNIT biometric re-enrolment will be deleted by February 1, 2020. In 2014, all members of the SSNIT scheme including pe ... more
  • 1 week Ghana Ports and Harbours Authority revises new port charges downward Pulse -Biz
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  • 1 week GUTA keeps foreigners’ shops closed despite Akufo-Addo’s intervention ModernGhana -Biz
    Despite calls by President Nana Akufo-Addo to the Ghana Union of Traders Association (GUTA) to stop attacking foreign traders in the country, the Association remains resolute in its quest to stop foreign retailers from doing business. GUTA on Monday locked up about 600 shops belonging to foreign traders around Tip-Toe lane near the Kwame Nkrumah Circle. The action led to the arrest of six people and resulted in the injury of three others. President Akufo-Addo subsequently pleaded with t ... more
  • 1 week South African Airways gets $272m lifeline as it enters business rescue ModernGhana -Biz
    South African Airways (SAA) was set to enter a business rescue process on Thursday, with a 4 billion rand ($272 million) lifeline from government and banks. State-owned SAA, which has not made a profit since 2011 and has depended on government bailouts to stay solvent, said it would try to operate a new provisional flight schedule. In a business rescue, a specialist practitioner takes control of a company with the aim of rehabilitating it to improve its chance of survival, or securing a be ... more
  • 1 week Amenfiman Rural Bank supports Asankragwa SHS with modern sanitation facility ModernGhana -Biz
    The Amenfiman Rural Bank Limited has constructed and handed over a 14-seater modern sanitation facility to the Asankragwa Senior High School, at Asankragwa, in the Amenfi West Municipality of the Western Region. The project is also complemented with a standby water tank. The initiative was facilitated as part of the Bank rsquo;s corporate social investment for the communities within its catchment area. http://cdn.modernghana.com/images/content/125201910630-1h830n4ayu-961186077580 ... more
  • 1 week Tractafric Motors takes over as new official Ford distributor, inaugurates showroom ModernGhana -Biz
    Tractafric Motors Corporation, a major automotive distribution specialist in Africa, has officially taken over as new distributor of the Ford range in Ghana. Already partners in Cameroon, Ivory Coast and DRC, Ford and Tractafric have extended their partnership to the Ghanaian market with the will to meet Ghanaian customers rsquo; needs with a complete set of offers based on the highest standards of customer experience. This includes a wide range of vehicles, from everyday SUVs to the outst ... more
  • 1 week Cargill invests over $113m in Ivory Coast, Ghana cocoa sector ModernGhana -Biz
    Global commodities trader Cargill says it is investing more than $113 million to expand its cocoa processing facilities in the Ivory Coast and Ghana, creating 85 direct and hundreds of indirect jobs. Cargill, one of the world rsquo;s largest agricultural traders, said it is also investing $12.3 million to expand sustainability and supply chain tracing programmes in the West African nations. Ivory Coast and Ghana produce some two-thirds of the world rsquo;s cocoa, but their industry is blig ... more
  • 1 week Ford New Official Distributor In Ghana Inaugurates Showroom ModernGhana -Biz
    On Wednesday, December 4th, Tractafric Motors, a major automotive distribution specialist in Africa, inaugurated its ultramodern showroom in Accra, marking the beginning of its journey as the new official distributor of Ford range in Ghana. Already partners in Cameroon, Ivory Coast and DRC, Ford and Tractafric have just extended their partnership to the Ghanaian market with the will to meet Ghanaian customers' needs with a complete set of offers based on the highest standards of customer expe ... more
  • 1 week Glo Data Packs Still Toast Of Market ModernGhana -Biz
    GLO MOBILE data packs still continue to offer the highest volume and top quality to subscribers in the market today, a situation which has emboldened the operator to promise to continue to do the best to ensure customers get the best value for using Glo data. According to Hardeep Khertepal, the company's Head of Business (HoB), these packages enable subscribers to make the choice from an array of best value for money packs. Some of the star packs in the Glo data packages include GH 10 subs ... more
  • 1 week Peasant Farmers Hail Gov’t ModernGhana -Biz
    PEASANT FARMERS have indicated that though they fully support government's pronouncement to ban rice importation and other food crops that can be produced in Ghana by 2022, they prefer an immediate ban. In a solidarity message to farmers on the occasion of the 35th edition of farmers day signed by Abdul-Rahman Mohammed, national president and board chairman of the Peasant Farmers Association of Ghana (PFAG), noted that adopting Nigeria's food importation ban concept would not only ... more
  • 1 week Key customer experience indicators for restaurants ModernGhana -Biz
    quot;A great restaurant is one that makes you feel like you are not sure whether you went out or you came home and it confuses you. If it can do both of those things at the same time then you are hooked hellip; quot; - Danny Meyer That is exactly what a restaurant should do For owners and managers of restaurants, if customers are not second-guessing themselves on where they actually are then something is definitely not right. The opening quote magnifies the need for a restaurant to serve ... more
  • 1 week Opportunity Supports Farmers With Over GH¢110m ModernGhana -Biz
    OPPORTUNITY INTERNATIONAL Savings and Loans has financed the agricultural sector of the economy by disbursing over GH 110 million to 112,757 farmers from 2012 to date, with impressive recovery rate. So far, it has reserved 15% of its loan portfolio to support Agriculture and Agro-related businesses in Ghana. Opportunity's Agric finance model seeks to support economically active farmers in agriculture and its related businesses including farming, irrigation, agro-marketing and processing, a ... more
  • 1 week Economic Freedom Fighters Of Ghana (EFF-GH) Questions Bog Governor Dr. Ernest Addison Over New Cedi Denominations ModernGhana -Biz
    The Economic Freedom Fighters of Ghana (EFF-GH) following the release and press statement in a conference held in Accra on Friday,29th November,2019 by the governor of the Bank of Ghana Dr. Ernest Addison. The EFF-GH through critical dialogue with the masses have concluded that we the EFF-GH and the people of Ghana doesn rsquo;t see the realistic and feasibility of the rationale behind the printing of new and high denomination as explained by the governor of BoG as the key to solving inflati ... more
  • 1 week Government Committed To Promote Fish Farming To Create Jobs ModernGhana -Biz
    The Minister of Fisheries and Aquaculture Development, Madam Elizabeth Afoley Quaye,says government is committed to promote aquaculture to help reduce the high rate of unemployment in the country. Speaking in an interview with Kwame Tutu on Anopa Nkomo on Accra-based Kingdom FM 107.7, Elizabeth Afoley Quaye described fish farming as a lucrative business in the agriculture sector, which when produced on large scale could create jobs for the youth in the area and the ... more
  • 1 week NCA Sanctions MTN For Failing To Comply With Directives On Network Challenges ModernGhana -Biz
    Accra, 5th December, 2019: The National Communications Authority (NCA) has sanctioned Mobile Network Operator (MNO), MTN Ghana for failing to comply with directives which were sent to them following some challenges with their network recently. In the directive, the Authority directed MTN to submit a report on the challenges within 24 hours of receipt of the directive among other directives. Monitoring by the NCA has indicated that the MNO has begun rolling out co ... more
  • 1 week GPHA Scraps Upfront Charges On ‘Red Channel Category’ Containers ModernGhana -Biz
    Meridian Port Services (MPS) has been directed to cease upfront charges on containers in the ldquo;Red Channel Category rdquo; at the Port of Tema. Containers in the Red Channel Category containers are those flagged as containing goods other what the importer has declared. These containers are typically flagged as red by MPS rsquo; scanning equipment. ldquo;Consignees of such containers should make payment to MPS or any other Terminal Operator only after physical examinati ... more
  • 1 week MTN Fined Over ¢100,000 For Data ‘Wahala’ ModernGhana -Biz
    The National Communications Authority (NCA) has fined Mobile Network Operator, MTN for failing to produce a report on the recent technical challenges the company experienced and also not informing customers immediately about the challenge. MTN is expected to pay over GHS100,000 for flouting NCA directives over the challenges. Apart from the GHS100,000, MTN is also supposed to pay GH cent;10,000 for each day it fails to produce and submit a report to the NCA after 4th December ... more
  • 1 week Nigerian parliament passes a record $34.72 billion for 2020 budget but – about $6.03 billion – to be financed through borrowings Pulse -Biz
    ... more
  • 1 week Are Other Telcos In Ghana Working For MTN Now? ModernGhana -Biz
    Some telecom industry observers and even players have dared to suggest in some circles that due to government 39;s telecom industry policies, currently, all telcos in Ghana work for MTN and that is why it is the only profitable telco in the country. That is debatable. While you ponder over that, let me quickly say that I have a hunch about this no expiry on data bundles and how it will deepen the disparity between MTN and the other telcos, to the advantage of MTN and detriment of the ... more
  • 1 week Inside Nigeria’s ‘multi-billion dollar’ adult film industry where female pornstars earn more than $3.6 million a year Pulse -Biz
    ... more
  • 1 week Banks Clean-up, Regressive Tax Regimes Causing ‘Dry Christmas’ – Analysts ModernGhana -Biz
    Weeks before the celebration of Christmas every year have often seen increased buying and selling activities across the country but that does not seem to be the case this year with many wondering why. According to a banking expert, Joe Jackson, the situation is partly due to the cleanup of the financial sector. He said the exercise, which left in its wake mistrust for many financial institutions has caused many people to cut down on their expenses and hoard their funds. [QUOTE ... more
  • 1 week Foreigners Shops Still Locked Despite Akufo-Addo’s Plea ModernGhana -Biz
    Hundreds of foreign-owned shops that were locked up by the Ghana Union of Traders Association (GUTA) on Monday at Tip-Toe lane near the Kwame Nkrumah Interchange still under lock and key even after President Akufo-Addo 39;s pleas. The shops were locked up by GUTA in an effort to get foreigners to exit Ghana 39;s retail space. The local traders are upset that the government is not implementing the Ghana Investment Promotion Centre Act 865 which restrains foreigners from engag ... more
  • 1 week MTN Compensate Customers 100% Over Data Issues ModernGhana -Biz
    MTN apologizes to its valued customers for inconveniences caused by recent adjustments in its tariffs. The company yesterday also announced a 100% bonus for all customers impacted by the recent issues. The announcement was made during a media briefing held at 4pm on Tues. Dec. 3rd, 2019. The CEO of MTN Ghana, Selorm Adadevoh said ldquo;we wish to assure our customers that we have implemented at least 100% bonus on all Data bundles purchased on 138 and through Mo ... more
  • 1 week Ghana Government Urged To Consider Sustainability When Addressing Housing Deficit ModernGhana -Biz
    The Ghanaian government and private sector have been advised to adopt sustainability measures in their quest to bridge the housing deficit. Paul Ocran, a consultant and auditor to SGS Ghana, told News Ghana that more Ghanaian design professionals should be aware of EDGE, a free software application that enables them to model the environmental impacts of their building projects in more than 150 countries, including Ghana. An innovation of IFC, a member of the World Bank Gr ... more
  • 2 weeks Moody’s: Nigeria’s ratings dropped to negative from stable over increasing risks to fiscal strength and narrow revenue base Pulse -Biz
    ... more
  • 2 weeks Moody’s: Nigeria’s ratings dropped to negative from stable over increasing risks to fiscal strength and narrow revenue base Pulse -Biz
    <ul><li>Moody's changes outlook on Nigeria's B2 rating to negative from stable&nbsp;&nbsp;</li><li>Moody's says weak government finances will likely weaken further given an extremely narrow revenue base and persistently sluggish growth that hinders fiscal consolidation.</li><li>The credit rating agency also maintains Nigeria's country risk ceilings at their current levels.</li></ul> <p class=""><strong>Moody's Investors Service </strong>on Wednesday changed the outlook on the government of Nigeria's ratings to negative from stable.</p> <p class="">Concurrently, Moody's has affirmed the B2 long-term local and foreign currency issuer ratings, the B2 foreign currency senior unsecured ratings, and the (P) B2 foreign currency senior unsecured MTN programme rating.</p> <p class="">“<em>The negative ... more
  • 2 weeks Reduce Cargo Handling Charges At Tema Port — Minister Orders GPHA ModernGhana -Biz
    The new 10.9% increase in cargo handling tariffs at the Tema Port which turned out to be more than 100% according to Freight forwarders, is to be slashed by some 40% following a meeting between the Transport Minister and all relevant stakeholders. According to importers and exporters, the increase was far above the percentage announced by the Ghana Ports and Harbours Authority, GPHA. Some angry freight forwarders staged a minor protest on Tuesday against the move. The demo ... more
  • 2 weeks Unilever MD, Executive Director Resign ModernGhana -Biz
    Unilever Ghana has announced the resignation of its Managing Director, Gladys Amoah, effective November 30 this year. Also, Yaw Nsarkoh, who is a Non-Executive Director has left the company on November 30, an email sighted by JoyNews confirmed. In August this year, the country rsquo;s largest producer of consumer goods listed the banking sector reforms as a key factor in low sales of its products. Unilever Ghana Limited disclosed in an email that ldquo;many distributors w ... more
  • 2 weeks Atewa Forest Won’t Be Destroyed – GIADEC Assures ModernGhana -Biz
    The Ghana Integrated Aluminum Development Corporation (GIADEC) has assured stakeholders, especially civil society organizations that it is committed to protecting vegetation, water bodies and wildlife in Atewa and other forest reserves where mining will be undertaken. It has also pledged its commitment to the responsible and sustainable development of the aluminum industry in Ghana. GIADEC made the pledges during a meeting with the media on Wednesday December 4, 2019 in Accra. Ch ... more
  • 2 weeks “Several Savings and Loans branches, remain open for business.” – TheReceiver Announces ModernGhana -Biz
    The Receivership of the 23 Savings Loans and Finance House Companies, on Monday, 2nd December announced branches of companies under receivership, that would stay open to service customers of all Savings Loans and Finance House companies whose license have been revoked. As explained in a press release, these branches will only be accessible for receivership business. The receiver explained in an earlier interview, that some branches of companies under his receivership, have been c ... more
  • 2 weeks Legon Vice Dean Wants Tax Exemption Laws Reviewed ModernGhana -Biz
    The Vice Dean at the University of Ghana School of Graduate Studies, Prof Darko Osei calling for the country rsquo;s laws with regards to tax exemptions reviewed. Ghana is said to be losing about $2.27 billion annually through exemptions alone. http://cdn.modernghana.com/images/content/124201950603-l5gsk8v331-pentvars-9970.jpg Prof Darko Osei, Vice Dean at the University of Ghana School of Graduate Studies http://cdn.modernghana.com/images/content/1242019 ... more
  • 2 weeks ADB Consoles IGP, Family Of Murdered Police Officer ModernGhana -Biz
    Managing Director of ADB Bank, Dr John Kofi Mensah, has sympathised with the Police Administration as well as the family of the police officer who was gunned down by armed men at Sefwi-Wiawso in the Western-North Region, Tuesday. ldquo;As a bank, the police are our compatriots so psychologically we take the police as even part of us...this is an unfortunate incident, rdquo; Dr Kofi Mensah told JoyNews in an interview. ldquo;On behalf of the board, management and staff, we wo ... more
  • 2 weeks W/R: 115 Tourism Facilities Risk Closure Over Debt ModernGhana -Biz
    The Ghana Tourism Authority (GTA) is to close down 115 tourism facilities in the Western Region for defaulting on the 1% Tourism Levy payment to the tune of GHS489,000. According to the Authority, this move is part of a nationwide exercise aimed at ensuring that hoteliers and restaurant operators provide quality services and keep the required quality standards. It is also to promote safety and security in the tourism industry and to ensure strict compliance in the payment of t ... more
  • 2 weeks Establish Labour Bank For Descent Housing, Soft Loans For Workers – TUC ModernGhana -Biz
    The Trade Union Congress (TUC) has proposed the establishment of a Labour Bank that will help support Ghanaian workers with the acquisition of decent housing and soft loans among other welfare issues. Dr Anthony Yaw Baah, Secretary-General of TUC, who made the appeal, said his outfit was still undertaking feasibility studies and had already dispatched two persons to Japan to understudy how that country implemented its Labour Bank model. He was speaking at a forum jointly organ ... more
  • 2 weeks FaceApp May Pose ‘Counterintelligence Threat’ — FBI ModernGhana -Biz
    The FBI has said FaceApp and other mobile applications developed in Russia pose a potential counterintelligence threat . The comments were made in a letter to US Senator Chuck Schumer after he called for an investigation into the app. The face-editing tool went viral earlier this year but prompted privacy concerns. The FBI comments come amid rising US concern that products made by foreign tech firms could pose security risks. In a letter addressed to Mr Schumer, the a ... more
  • 2 weeks Survey shows that 94% of cocoa farmers are unhappy with producer price for cocoa Pulse -Biz
    <p class="">A survey conducted by Imani Africa has shown that most cocoa farmers in Ghana are not satisfied with the price mechanism of the cash crop by the Ghana Cocoa Board.</p> <p class="">Imani Africa said the research aims to shed the light on happenings in the cocoa industry.</p> <p class="">Outdooring the report, Research Consultant at Imani Africa, King Carl Duho, said the respondents indicated that the current price offered the farmers is less than their expenditure and does not correspond with the international market price.</p> <p class="">Mr Duho said that there is a lack of transparency between the pricing committee ... more
  • 2 weeks Farmers’ Day: What Is There To Celebrate – Peasant Farmers Jab Gov’t ModernGhana -Biz
    The Peasant Farmers Association of Ghana (PFAG) has said it would be 39;absolutely 39; ridiculous for its members to observe this year rsquo;s Farmers rsquo; Day celebrations when most of them are battling with post-harvest losses and lack of market. For PFAG, ldquo;there is nothing to celebrate when some members are still counting on their losses, rdquo; the association that represents the majority of smallholder farmers in Ghana said in a press release issued on Wednesday. ... more
  • 2 weeks Kenya’s mobile telecommunications sector outdid itself and churns out new jobs at breakneck speed in the face of massive job losses Pulse -Biz
    <ul><li><strong>The mobile telecommunications sector is expanding at an unprecedented rate compared to other sectors and with it employing thousands of Kenyans.</strong></li><li><strong>The sector added 1,673 new jobs to their payroll in the year to June, reflecting a 23.8%% jump, the fastest rate in five years.</strong></li><li><strong>A record number of firms listed on the Nairobi Securities Exchange (NSE) have already issued profit warnings.</strong></li></ul> <p class="">As the Kenyan corporate continues to <a href="https://www.pulselive.co.ke/bi/politics/what-kenyan-job-seekers-have-to-fork-out-as-bribes-before-dreaming-of-getting/gd8tq2d" id="a68c63cb-66e9-476e-af3a-1b34244eaf80" data-link-role-code="none">shed jobs and freeze new hiring</a>, the country’s mobile telecommunications sector is reading from a different script and offering thousands of jobless Kenyan youth a rare hope.</p> <p class="">The mobile ... more
  • 2 weeks Allow Diplomacy To prevail — Akufo-Addo Tells GUTA ModernGhana -Biz
    President Addo Dankwa Akufo-Addo has cautioned Ghanaian traders against taking the law into their hands under the guise of enforcing laws governing retail trade. He advised the traders, led by the leadership of the Ghana Union of Traders Association (GUTA), to continue to engage and dialogue with various stakeholders to find a lasting solution to the problem. The President acknowledged that the law governing retail trade was in favour of GUTA, but said ldquo;we are in a count ... more
  • 2 weeks StanChart Meets Stakeholders In Anti-bribery, Corruption Fight ModernGhana -Biz
    Standard Chartered Bank has organised its maiden anti-bribery and corruption forum in Accra to fight against bribery and corruption especially in the private sector in the country. Speakers at the forum came to a consensus that corruption in the country is endemic thus there is the need for all hands on deck to fight the canker. They suggested the private sector and civil society groups play a key role in pushing the government to ensure corruption is nibbed in the bud. Sp ... more
  • 2 weeks [List] Savings & Loans, Finance House Branches To Remain Operational ModernGhana -Biz
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  • 2 weeks NPA Commissions Over 6 Premix Retail Outlets ModernGhana -Biz
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  • 2 weeks Blaming Telecom Operators For Data Cost Is Wrong – MTN South Africa ModernGhana -Biz
    MTN South Africa says it is wrong to just lay the blame for data costs at the foot of the operators. The telecoms giant says, ldquo;For more than a decade, government and regulators have failed to release the spectrum that the mobile industry has so critically required to bring down the cost to communicate. rdquo; ldquo;MTN in South Africa has had to compensate for the lack of spectrum by spending over R50 billion in the last five years to build a world-class network for all ... more
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