Shell Global will soon lose its grip on Shell Ghana following a proposed restructuring in the shareholding of the Ghanaian subsidiary that will see the African-based private investment firm, Helios Fund, and the Swiss-based oil trader, Vitol, come in as the new majority shareholders.
The dream of the workers of Merchant Bank has been shattered following the inability of the the Social Security and National Insurance Trust (SSNIT), majority shareholder of the bank and FirstRand of South Africa to complete a takeover deal meant to introduce fresh capital in the operations of the ailing bank.
The Royal Bank (TRB) has opened three additional branches; Accra Central, Arena and on the Graphic Road in Accra as part of its expansion programme to bring the services of the bank to the doorstep of the people.
The Network of Communications Reporters (NCR) has called on the National Communication Authority (NCA) to make telcos compensate their customers directly for their poor services rendered to them instead of the usual NCA fines, which do not benefit the affected customers directly.
The Ghana Stock Exchange (GSE) has asked the Ashanti and Brong Ahafo regional members of the Association of Ghana Industries (AGI) to take advantage of the exchange’s new market, the Ghana Alternative Market (GAX), to raise long term-capital.
The Social Security and National Insurance Trust (SSNIT) announced on Friday that South African firm, FirstRand Limited’s offer to acquire Merchant Bank Ghana (MBG) could not be completed as announced in August 2012.
Tigo Ghana, in partnership with a Swedish-based non-profit organisation, Reach for Change, is offering $300,000 for three years to four Ghanaians who provide innovative ideas that will better the lives of children.