Ghana Business News, Financial & Economic news

The Public Accounts Committee of Parliament has asked the Ministry of Foreign Affairs and Regional Integration to initiate steps for taxes and social security deductions of staff of the ministry in missions abroad to be paid to the Ghana Revenue Authority and the Social Security and National Insurance Trust (SSNIT).

The Vice-President, Mr Kwesi Amissah-Arthur, has debunked assertions that conditions tied to Ghana’s sourcing of credit from the International Monetary Fund (IMF) will cripple small and medium enterprises (SMEs).

The Chairman of the Africa Strategic Advisory Board of the Chartered Institute of Procurement and Supply (CIPS), Professor Douglas Boateng, has urged supply chain professionals to develop their negotiation skills for the benefit of their organisations.

The Social Security and National Insurance Trust (SSNIT) has paid the lump sums of the 4,864 pensioners who were affected by the National Pensions (Amendment Act) Act 883.

The ruling of the International Tribunal for the Law of the Sea (ITLOS) on the maritime border dispute between Ghana and its western neighbor Cote d’Ivoire has been described as credit positive for Ghana by the ratings agency Moody’s.

Wilmar Africa has introduced a new marketing strategy to help persons with disabilities to engage in some form of trading activities.

The Commissioner of Insurance, Ms Lydia Lariba Bawa, has asked insurance companies to stop paying claims in instalment, saying that the act could dent the image of the insurance industry.

MTN Telecommunication Limited has presented the first batch of prizes to 30 winners of the MTN “m’afe nie promotion.”

Alcatel-Lucent has appointed Mr Ramy Hashem, an electronics engineer, as Country Senior Officer and Managing Director for its Ghana operations.In his new role, Mr Hashem will assume overall responsibility for managing the day-to-day operations as well as leading the strategic business directions for Alcatel-Lucent in Ghana.

The Executive Director of the National Board for Small Scale Industries (NBSSI), Mr Lukman Abdul-Rahim, has asked Ghanaian entrepreneurs to invest heavily to improve the quality of their products to enable them access the global market.

Mike Nyinaku, founder and CEO of one of Ghana’s recent additions to the investment scene, is already a success and the recipient of many awards and accolades before his third decade on the planet is complete.

The Commissioner of Insurance, Ms Lydia Lariba Bawa, has underscored the need for the training of more professionals in the insurance industry in order to enable them support the country economically.

Fidelity Bank has completed technology and systems integration with ProCredit as well as customer migration onto the entity, paving the way for all ProCredit customers to transact business at any Fidelity Bank branch or the former ProCredit branches.

The Social Security and National Insurance Trust (SSNIT) has served notice that it will not sell its 26.14 per cent stake in HFC Bank to The Republic Bank of Trinidad and Tobago.

A number of roadshows to signal Ghana’s fourth foray into the international bond market for US$1 received a major boost, with global investors showing keen interest in purchasing the country’s bond, the Finance Minister, Mr Seth Terkper, said.

The government cannot achieve the targets outlined under the International Monetary Fund (IMF) programme with the country because of the design of the programme, the Institute of Fiscal Studies (IFS), a think tank, has observed.

The Managing Director of Republic Bank Ltd (RBL), Mr Dulal-Whiteway, said the bank would use Ghana as a base to grow into other English-speaking African countries, in line with its Pan-African business growth strategy.

Now, Automated Teller Machines (ATMs) cards are used to withdraw money from the Teller-Machines, make payments on Point-Of-Sale devices and on the Internet, both locally and globally.

If you come across something ornate, interesting, unique, beautiful and shaped from wrought iron, the chances are Constance Swaniker or one of her artisans made it.

A section  of the country’s private sector, vexed by the cheeky take-over of indigenous HFC Bank, by Trinidad’s Republic Bank, warns the takeover can  dampen the listing of local firms on the Ghana Stock Exchange (GSE).

Industry experts are questioning the planned shutdown of the billion-dollar Atuabo Gas Processing Plant, which came in less than three weeks after the declaration of commercial production.