The Ministry of Trade and Industry with support from Google, the has launched an “Innovation Ghana”, an initiative to get Ghanaians to
appreciate the use of the internet and its impact on the Ghanaian economy.
The government has launched an Enterprise Development Centre in the Western
Region to build the capacity of Ghanaian small and medium scale enterprises to
fully take part in the opportunities in the oil and gas sectors of the economy.
Dizengoff Ghana Limited (DWA) organised a public health training seminar for hotel managers, maintenance directors and the leading staff of some other hospitality service providers in Accra on the various mechanisms required to control pests on their premises.
Collaboration between the private sector and other government agencies would help to mitigate challenges facing the private sector, the President of the Ghana Chamber of Commerce and Industry (GCCI), Dr Seth Adjei Baah, has said.
The Minister of Finance yesterday complied with the order of the Commercial Division of the Accra Fast Track High Court by presenting copies of the Sale and Purchase Agreement (SPA) involving the sale of 70 per cent shares of Ghana Telecom to Vodafone in 2008 to the court.
THE government and Kosmos, one of the Jubilee partners in the oil exploration business in the country have downplayed the impact of the oil discovery in neighbouring Cote d’ Ivoire on Ghana’s oil reserves.
The Manya Krobo Rural Bank last year made significant gains in all aspects of its operations.
The biggest gain is its GH¢517,179 after-tax profit as against GH¢223,271 recorded in 2011, an increase by 131.64 per cent.
The Chairman of the Board of Directors, Mr Benjamin Tetteh Apo, made this known at the annual general meeting of shareholders at its headquarters at Odumase-Krobo at the weekend.
He told the gathering that within the same period, the bank’s total income increased from GH¢2,511,135 to GH¢3,420,371, a 36.21 per cent hike, while total assets also went up from GH¢12,990,390 to GH¢17,984,213, a rise by 38.44 per cent.
Deposits, he indicated, also rose by 30 per cent, that is, from GH¢10,563,403 to GH¢13,812,493, while investments improved from GH¢3,166,107 to GH¢6,892,215, all within the same period under review.
Shareholders’ funds also went up from GH¢1,345,160 to GH¢3,241,717, a significant increase of 141 per cent.
According to Mr Apo, the bank’s remarkable gains was due to prudent measures instituted by the board and implemented by the management team headed by Mr Edmund T. Ohipeni, the Managing Director.
He said the successes chalked up made it possible for the bank to give out GH¢7,195,606 to customers in 2012, which according to him, was 7.19 per cent less than the previous year’s GH¢7,713,036 and expressed concern about the inability of some of the beneficiaries to repay.
Mr Apo, who said the bank was vigorously pursuing legal suits against major loan defaulters, therefore advised all defaulters to pay up to avoid any inconvenience or embarrassment.
With regard to social responsibility, the board chairman said the bank had lived up to expectation by sponsoring brilliant needy students at the University of Ghana, Legon, and the Kwame Nkrumah University of Science and Technology, Kumasi, while supporting in either cash or kind a number of organisations in its operational area.
These include the Manya Krobo and Yilo Krobo Traditional councils for the organisation of their annual festivals and the Farmers’ Day in municipalities and districts.
The bank was also supporting churches and schools with their infrastructural developments.
Mr Apo also said the bank last year launched a three-year strategic plan to improve and sustain growth in share value and address the needs of other stakeholders and thanked his colleague board members, management, staff, shareholders and customers for their support.
Nene Okpantakpla Sasraku IV, a divisional chief of Manya Krobo, who represented the Konor, Nene Sakite, suggested that any official of the bank who engaged in malpractices should not just be dismissed but prosecuted as well.
Mr E.C Abaidoo, a representative of the managing director of the Apex Bank, commended the bank for its impressive achievement, as well as honouring its social responsibility.
He suggested a vigorous staff training programme to further improve on services rendered to customers.
Vice-President Kwesi Bekoe Amissah-Arthur has assured Ghanaians of the effective management of the nation's oil proceeds and tasked the media and civil society to continue to hold the government accountable to facilitate transparency.
After a record-breaking six weeks of intensive work, Vodafone Ghana has transformed the cancer ward at the Korle Bu Teaching Hospital in Accra, into one of the leading cancer treatment facilities in West Africa.