The Shai Rrural Bank made a modest profit of Gh¢37,500 representing 58 per cent growth in the year 2011 as against Gh¢ 75,925 in the previous year 2010 increasing its total assets from 43 per cent which represents GH¢3,019,462.00 to Gh¢4,321,764.00 which represents 59per cent.
The Dominion University College Business School is
collaborating with the Ghana Investment Promotion Council (GIPC) and some
public and private sector stakeholders to organise the maiden Ghana Economic
Outlook and Business Strategy Conference later this month.
GIHOC Distilleries Company Limited (GDCL) has registered
three of its products with the National Agency for Food and Drug Administration
and Control (NAFDAC) of Nigeria, as part of it plans to capture the West
African Sub-region market.
The Accra Circuit Court Monday issued a bench warrant for
the arrest of the Chief Executive Officer of UT Bank and Financial Holdings,
Captain Prince Kofi Amoabeng (retd), who has failed to appear before it to face
alleged fraud charges.
The Ghana Export Promotion Authority (GEPA) is to market key
professional institutions in the country to the outside world as part of
efforts aimed at generating more revenues from non-traditional exports (NTEs)
and the services sector in particular.
The idea is to help attract patronage from foreigners for
services such as financial and the business processing and outsourcing (BPO),
medical tourism, consultancy and education being run in the country.
The Acting Chief Executive Officer of the GEPA, Mr Stephen
Normeshie, who disclosed this the Daily Graphic in Lagos, Nigeria, added that
the authority was mainstreaming professional services exports into the existing
400 NTEs portfolios.
He spoke to the paper on the sidelines of the international
trade fair which ended in Lagos, Nigeria.
The fair brought together over 40 businesses from Ghana to
showcase their products and services to the Nigerian market.
system is considered one of the best within the sub-region and has become
gravitating points for students from many countries. The medical centres of
excellence have also been categorised as some of the best, including the Cardio
and Reconstructive Plastic Surgery units (in Accra and Kumasi) and the forensic
(genetic) laboratory in addition to existing centres of excellence,” the GEPA
Acting CEO said.
The export authority which is mandated to promote exports
has over the years contributed to the growth of the export sector through the
promotion of four main cardinal areas, which cover all non-traditional
products. The strategic areas are manufactured products, agribusiness, home décor/handicrafts
and professional services.
The professional services have, however, received less
attention despite the immerse contributions the services sector brings the
country’s Gross Domestic Product (GDP).
“We have identified professional services as one with lot of
export potential,” Mr Normeshie said.
He said the authority had made conscious efforts to promote
the services export sector, especially in the tourism, financial and the
business processing and outsourcing (BPO), medical tourism, consultancy and
At the fair, which ended on Saturday, Africa Eco Tour, a
professional organisation with diverse interests in tourism and education,
provided the platform for several education institutions and students in Ghana
to exchange ideas on matters of mutual consent.
A representative of the organisation, Mr Clifford Selasie,
said his organisation received good responses. “Before we participate in fairs,
we try to get on board schools that are interested in recruiting students from
the sub-region. In Lagos, it is a big market so we decided to take advantage of
it and we made an impact. We advertised on the national television and
distributed brochures. Indeed, we had lot of good response,” he said.
The Forestry Commission also participated in the fair. The
Grading and Inspection Manager of the commission, Mr Baba Ibrahim Ahmed, said
Nigeria was the biggest importer of timber products in Ghana, importing about
56 per cent value of Ghana’s product, “thus the decision to be present at the
fair to protect our market share.”
He said plans were underway to set up an office in Lagos so
the commission could compete favourably.
On Wednesday, October 31, 2012, the Business and Financial
Times (BFT) carried the article “Standard Chartered Bank Acquires 65 per cent
of Union Bank of Nigeria”- one of the large banks in Nigeria. The deal was
fastidiously executed, sending off all the positive statistics: an injection of
$500 million into the bank, a liquidity ratio of 80 per cent well over the
regulatory 25 per cent, a positive share capital of N190 billion.