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25
Mon, Sep

Latest Business News

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Mr Ebenezer McHammah, the Chief Executive Officer, McHammah Engineering

Business News

McHammah Engineering, a Ghanaian owned electromechanical engineering company, has urged the government to award 50 percent of the equipment contract for the One-District, One-Factory Project to local companies.

The Chief Executive Officer (CEO) of Mobile Telecommunication Network (MTN), Ebenezer Twum Asante and the CEO of United Bank for Africa (UBA), Abiola Bawuah

Business News

The Chief Executive Officer (CEO) of Mobile Telecommunication Network (MTN), Ebenezer Twum Asante and the CEO of United Bank for Africa (UBA), Abiola Bawuah have won the Marketing Man of the year and Marketing Woman of the Year awards respectively at the 28th edition of the Chartered Institute of Marketing Ghana (CIMG) Awards ceremony held on Saturday night in Accra.

The Managing Director of Fidelity Bank, Mr. Jim Baiden

Business News

Fidelity Bank has rewarded five customers in the second draw of its promotion dubbed “10 times richer”.

The event, which was held in Kumasi, saw all five customers multiplying their coupon balances by 10, taking home a total of GH¢25, 000.

Staff of Royal Packaging celebrating their award

Business News

Royal Crown Packaging Limited (RCPL), a local packaging company, has won the Business Quality in Packaging Industry Award at the fifth Ghana Business Quality Awards held in Accra.

Royal Crown Packaging shrugged off competition to scoop the prestigious award in a night where excellence was awarded.

Mr Carlos Kingsley Ahenkorah

Business News

The Kwabibirem Rural Bank Limited, with its headquarters at Asuom in the Eastern Region, is currently reconstructing some portions of the Abodom, Abaam, Asuom and Bomso roads.

It takes more than 90 minutes to travel on the 15-kilometre roads because of their poor states.

Mr Charles Osei Akoto (left) explaining a point at the Graphic Business/Stanbic Bank Breakfast Meet. Those with him are Mr Hayford Atta Krufi (2nd left), Ms Angela Gyasi (3rd left), and Mr Peter Osei Duah (right).

Business News

Retirement from formal employment is a moment every worker looks forward to, partly due to benefits for the lonely days after active work.

After toiling for their more active lives, employees cannot wait for retirement benefits that come with reaching pensionable age.

The Nduoms

Business News

The City of Chicago, Illinois, USA, has deposited $20 million into the operations of the Illinois Federal Service Bank (ISF Bank) which has the Nduoms, led by Dr  and  Mrs  Papa Kwesi Nduom,  majority shareholders.


Chicago City Treasurer, Kurt Summers announced the deposit at a press conference on September 18, 2017.

THE low participation of the West African sub-region in international trade has been linked to the weak intermodal infrastructure that exists within the sub-region.

According to the acting General Manager in charge of Business Development at the Ghana Ports and Harbours Authority (GPHA), Mr Samuel Ntow-Kumi, the efficient functioning of seaports required  adequate investment in infrastructure and excellent hinterland connectivity.

Mr Sakyi- Hyde (right) being assisted by other executives and customers to cut the anniversary cake

Business News

A savings and loans company, uniCredit Ghana Limited, has launched its 10th anniversary with a promise to extend more credit to small and medium enterprises (SMEs) in the country.

The Chief Executive Officer (CEO) of the company, Mr Samuel Sakyi-Hyde, recounted some of the major achievements over the past 10 years, saying that the seed, which shareholders of the company planted in 2007, had germinated into a big tree, providing financial shade for many SMEs and individuals in the country.

Mr Kenneth Ashigbey (right), Managing Director, Graphic Communications Group Limited in a conversation with Mr Peter Osei Duah, CEO of ALLSTAR Insurance Brokers

Business News

The Managing Director (MD) of the Graphic Communications Group Limited (GCGL), Mr Kenneth Ashigbey, has called for a proper management of pension funds to help realise a significant growth in the income of pensioners during retirement.

He explained that besides the basic aim of guaranteeing the survival of pensioners, the fund also serves as a major source of long-term funding for governments to transform an economy.

Mr Hayford Atta Krufi, CEO NPRA

Business News

The National Pensions Regulatory Authority (NPRA) has stated that the country’s pensions scheme does not need any additional laws to clearly spell out the benefits contributors to pension funds should receive after retirement.

The authority said this in response to the request of the implementation of a new law to regulate the calculation of the benefits for pensioners which was allegedly illegal.

Angela Akosua Gyasi

Business News

A legal practitioner and partner at Bentsi-Enchill, Letsa and Ankomah law firm, Ms Angela Akosua Gyasi, has tasked pension contributors to take keen interest in the management of their funds by ensuring that they are in tune with how and what their deductions are invested in.

The extra vigilance is needed to put managers of the tier one pension funds, the Social Security and National Insurance Trust (SSNIT), on its feet to act right and in the interest of contributors, Ms Gyasi, who is in-charge of pensions, employment and immigration at the private firm said.

Telecoms - Oil and Gas

Grid List

Lee Jae-yong

Telecom

A South Korean court has found Lee Jae-yong, the de facto chief of the sprawling Samsung business empire, guilty of bribery and other corruption charges.

Communications Minister Ursula Owusu-Ekuful pays working visit to NCA

Telecom

The Minister for Communications, Mrs Ursula Owusu-Ekuful, on Monday paid a working visit to the National Communications Authority (NCA).

Accompanying her were the Minister for Information, Mr Mustapha Abdul-Hamid and Deputy Minister for Communications, Mr Vincent Sowah Odotei.

Mr Emmanuel Hudson-Odoi (right) receiving the award on behalf of Subah Infosolutions

Telecom

IT and Telecommunications solution provider, Subah Infosolutions Ghana Limited, has been adjudged the “Best Revenue Assurance, Fraud & Traffic Monitoring Solution” provider at the just-ended 4th Annual Africa Telecoms Fraud, Revenue Assurance and Risk Management Forum in Kenya. 

The Director of Subah Infosolutions, Mr Redeemer Kwame, accompanied by the Business Development and Marketing Manager, Mr Emmanuel Hudson-Odoi, and the Revenue Assurance Manager Mr Felix Steve Quaicoe, received the award on behalf of the company.

New smartphone, Fero L100 introduced in Ghana

Telecom

A new smartphone, Fero L100 has been introduced in Ghana by MTN in partnership with Dubai-based mobile company Fero.

The Fero L100 has a 5-inch HD IPS display with a dragontrail glass protection and a long battery lifespan.

Ghanaian-owned technology company, Rlg in partnership with Adulawo Technology Company, has secured a multi-million dollar contract for the production of terrestrial broadcast set top boxes for Nigeria.

A three-day International Workshop on Criminal Justice Statistics on Cybercrime and Electronic Evidence on Wednesday, 29th March, 2017 has opened in Ghana’s capital, Accra at the Movenpick Ambassador Hotel.

Following the settlement of the maritime boundary dispute between Ghana and Cote d'Ivoire, Tullow Oil, a leading independent oil and gas, exploration and production group has announced it will restart the development drilling in the TEN fields by end of 2017.

Responding to the judgement of the Special Chamber of the International Tribunal of the Law of the Sea (ITLOS) in Hamburg on Saturday, Tullow said since the new maritime boundary as determined by the tribunal does not affect the TEN fields as per the map, it will work with Ghana.

Participants in a public forum on the management of petroleum revenues have strongly recommended penalties for those who divert oil revenue for other purposes.

A report by the Public Interest and Accountability Committee (PIAC) showed that some petroleum revenues were used for projects outside the four thematic / priority areas for 2011-2016.

Seaweld Ghana Fabricated deckstools for two FPSOS

Oil & Gas

Many oil rich countries have used their oil resources as a major tool to propel development and improve the living conditions of their people.

It is in the light of this that the discovery of oil in commercial quantities in Ghana in 2007 was embraced with euphoria by many Ghanaians.

Mr Joe Mensah, VP and Country Manager, Kosmos Energy Ghana

Oil & Gas

Kosmos Energy is a leading independent oil and gas exploration and production company focused on frontier and emerging areas along the Atlantic Margins.

Our assets include existing production and development projects offshore Ghana, large discoveries and significant further exploration potential offshore Mauritania and Senegal, as well as exploration licences with significant hydrocarbon potential offshore Suriname, Sao Tome and Principe, Morocco, and Western Sahara.

Mr Henry Akwaboah - MD, Engen

Oil & Gas

Engen Petroleum is a pan African Energy Company with head office in Cape Town, South Africa. Engen Petroleum is present in 18 countries in sub Saharan African and the Indian Ocean islands with market leadership in about six of these countries.

Engen Ghana Limited, one of the 18 affiliates of Engen Petroleum, has been operating in Ghana since 1999 and has a deep understanding of the Petroleum needs of Ghanaians.

The managers after one of the training sessions

Oil & Gas

Seventeen selected mid-career managers at Tullow Oil Ghana Limited are building their leadership skills in the China Europe International Business School (CEIBS) Advanced Management Programme (AMP). The 18-month programme has been tailor-made to fit the needs of Tullow Ghana limited, one of the leading oil and gas production companies in Ghana. The CEIBS (AMP) provides the Tullow employees a chance to step back from their daily professional demands while reflecting on the challenges facing the organisation.