MiDA selects Philippines Electricity Company to manage ECG

The Millennium Development Authority (MiDA), has selected Meralco Consortium, to manage the Electricity Company of Ghana [ECG], under the power compact Two agreement. Meralco Consortium is led by the Manila Electricity Company from the Philippines.

Cough up GHS400m or become ‘susu’ collectors – Franklin Cudjoe tell banks

Mr Franklin Cudjoe, founding President of policy think tank IMANI Africa, has advised local banks to ensure that they meet the guidelines and the GHS400 million minimum capital requirement of the Bank of Ghana (BoG) or go into the microfinance industry.“They should simply obey the

Metro Mass Transit to probe MD

The Board of the Metro Mass Transit Limited (MMT) is to set up a committee to probe a series of alleged financial impropriety against the Managing Director of the company, Mr Bennet Aboagye.The committee will also investigate an alleged $1-million blackmail of Mr Aboagye by

EOCO detains Rev. Fitz Odonkor over Capital Bank collapse

A former Chief Executive Director of the now-defunct Capital Bank, Rev. Fitzgerald Odonkor, has been detained by the Economic and Organized Crime Office (EOCO) over the collapse of the bank. According to Citi News sources, Rev.

Baby Jet airlines to start operations by end of 2018 – GCAA

Baby Jet Airlines will commence commercial operations by the end of this year to drive competition in the aviation industry, the Ghana Civil Aviation Authority (GCAA) has said. The comment comes days after it announced the start of another domestic airline soon.

Finance Ministry, IMF, ACET hold joint conference on Moving Beyond Aid

The Ministry of Finance (MoF), the African Center for Economic Transformation (ACET), and the International Monetary Fund (IMF) will from 4th to 5th April, jointly hold a conference on, “Moving Beyond Aid: Domestic Revenue Mobilization for G-20 Compact with Africa (CWA) countries”, in Accra.

Ten core facts about BOG – uniBank takeover

The Bank of Ghana Governor, Dr. Ernest Addison at a  press conference on Tuesday March 20 announced the takeover of a privately managed Ghanaian indigenous bank, uniBank.

Stakeholders discuss solutions to reducing Ghana’s debt stock

Stakeholders on Tuesday engaged in discussions on how the country’s increasing debt stock could be eliminated to strengthen the economy in the near future.

uniBank grabs ADB

Unconfirmed reports have suggested that unibank, has taken over ADB bank. According to reports, a consortium, led by Belstar Capital–a turnkey project finance and implementation institution with links with uniBank has acquired 51% of total shares in the agricultural focused driven bank, ADB.

Ghana Trade Fair Company set to build capacity of entrepreneurs

To relive the successes and hay days of trade fairs, Ghana Trade Fair Company has created avenues to educate, inspire and promote doing business in Ghana. One of such opportunities is ‘The Pitch’, a day’s training event for existing and aspiring entrepreneurs.
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