As MTN will officially be listed on the Ghana Stock Exchange (GSE) tomorrow after a successful public floatation, there are serious concerns that trading in the shares could hit a snag.
The Chairman of the Licensing Bid Rounds and Negotiation (LBRN) Committee, Mr Lawrence Asangongo Apaalse has reassured global oil giants clamouring for oil blocks offshore Keta-Accra basin to the east and Saltpond-Tano basins to the west of dispute-free space for investment.
MTN Ghana raised Gh₡1.1 billion ($236 million) selling about a third of the shares the mobile telecommunication company made available in an initial public offering (IPO).
Twenty years ago, there were only a handful of financial publications available to the populace. Today, the situation is totally different . There are now thousands of financial websites, blogs, new aggregators, and commentary sites available to anyone with an internet connection.
Oil industry watchers have expressed concern about the inability of Ghanaians to pool resources to take up the five per cent equity participation in the oil sector reserved for indigenes.
The Member of Parliament for Bolga Central, Mr Isaac Adongo, has bemoaned the absence of a clear and convincing strategy from the Bank of Ghana (BoG) and the government on how to restore confidence in the banking sector after the collapse of seven banks in a spate of 12 months.
The Ecobank Mobile App, aimed at helping customers to have quick and easy access to their accounts and other financial services has received tremendous patronage since its launch in November 2016.
The Member of Parliament (MP) for Bolgatanga Central, Mr Isaac Adongo, has appealed to the Bank of Ghana (BoG) to give indigenous banks more time to raise their minimum capital to the new requirement of GH¢400 million.
In a bid to clamp down on the surge in subsidisedfertiliser smuggling into neighbouring countries for sale, a non-governmental organisation (NGO), Community Development Alliance (CDA-Ghana), has urged the government to conduct a thorough audit into the programme which commenced in 2017.
The acting Managing Director of the Graphic Communications Group Limited (GCGL), Mr Ransford Tetteh, has said the company’s focus is to put products and services on the market that will be appreciated by its customers.
The Association of Ghana Industries (AGI) has thrown its weight behind the cargo tracking note (CTN) policy, describing it as a possible solution to the various trade malpractices facing the country.
Nigeria’s central bank has ordered four banks to refund $8.134bn that MTN illegally sent out of the country in breach of foreign exchange regulations, the central bank said on Wednesday.
The Golden Star Resources Limited has entered into a strategic relationship with Luxembourg-based gold investment firm, La Mancha Holdings, that will see the latter invest US$125.7 million into the mining giant in exchange for 30 per cent shares.
The Petroleum Commission has warned that it will not overlook any clandestine award of contracts by players in the country’s upstream sector to disadvantage any indigenous companies operating within the space.
A Media report Monday suggesting delays in the payment of extra values to clients of gold dealing firm, Menzgold Company Limited, has been acknowledged with a firm assurance that customers have no cause to worry.
Section 2 of the Banks and Specialised Deposit-Taking Institutions Act, 2016 (ACT 930) makes the Companies Act 1963 (ACT 179) applicable to banks but adds that where there is a conflict or inconsistency between the two, the former shall prevail.
The Ghana Union of Traders Association (GUTA) has directed its members to halt shipment of goods into the country until their concerns on the cargo tracking note (CTN) are fully addressed by the government.
