Filipino power company, Manila Electric Co. (Meralco) is planning to pull out its investment in the consortium set up to run the Power Distribution Services if the political situation in that country does not improve, its top official said. Meralco President and CEO Ray Espinosa said: “We’re still waiting for developments. It’s a Ghana government…

New Data released by the Bank of Ghana shows that the country’s total debt stock has hit 205.5 billion cedis by July 2019, representing 59.4 percent of GDP. The data shows that between May and July this year Ghana’s debt stock increased by 5.5 billion cedis. By May 2019, the debt stock was at 200…

Ghana has signed an agreement with the African Trade Insurance (ATI) Agency to be a member of the group. The ATI which is an insurance corporation has insured over 6 billion dollars’ worth of investment in Africa. The signing of the agreement between Ghana and the ATI will enabled Ghana to complete its shareholding and…

Ghana’s Minister of Trade and Industry, Alan Kyerematen, has indicated that African countries must adopt innovative financing models to close the infrastructure gap in order to leapfrog to the fourth Industrial Revolution stage. Mr. Kyerematen said this when he participated in a high-level event organised by UNIDO on the sidelines of the 74th United Nations…

The Bank of Ghana has pegged the minimum capital required for operating a mobile money company at GH¢20 million. The latest directive comes on the back of the recently passed Payment Systems and Services Act, 2019 (Act 987) which provides a legal and regulatory framework for the orderly development of the country’s payment system. The…

Tullow Ghana Limited has handed over the refurbished Takoradi Airport Apron to the Ghana Air force and commissioned a new office complex to enhance their operations. The Takoradi Airport Tarmac required the reconstruction of an area of 22,692 square metres, excavation works and the rehabilitation of five thousand-metre square of roads at the cost of…

Trade and Industry Minister Alan Kyerematen has charged the private sector to employ more persons to reduce the current unemployment situation in the country. He argues that the government can only support by employing some Ghanaians through some policy initiatives but the huge responsibility lies on the private sector. Mr. Kyerematen further encouraged the private…

The Bank of Ghana on Friday announced that it has dismissed a staff who took bribes to facilitate an award of a mobile money interoperability contract to Sibton Switch. According to the central bank, its employee Gilbert Addy who was the project manager for the interoperability project collected as much as GH¢410,000.00 in bribes and…

“We make a living by what we get, but we make a life by what we give”-Winston Churchill. Aflame Foundation Sanitation Project’s Plan is drawn, now it has to be executed. We are ready to share our time, love, knowledge on Health and Sanitation and finances with the people of Ashaiman and its our hope…

Mr Samuel Sarpong, the Managing Director (MD) of the National Investment Bank (NIB) has assured Small and Medium-sized Enterprises (SMEs) of the bank’s continuous support to help grow and sustain their businesses. A statement from the Bank to the Ghana News Agency said he gave the assurance when he led a five-member team from the…