The Securities and Exchange Commission (SEC) has disclosed that it is currently conducting a forensic audit into the operations of about twenty companies within the securities market. Deputy Director-General of the SEC, Paul Ababio tells Citi Business News the exercise should inform the next line of action in eliminating non-compliant companies and protect investor funds. …
Governor of the Bank of Ghana, Dr Ernest Addison, has maintained that the recent banking reforms have made the sector safer. Responding to a question posed by Joy Business at the Monetary Policy Committee (MPC) briefing on whether the banking clean-up has gotten the desired results, the Governor said the reforms were needed to promptly deal …
Ghana stocks headed for the lowest in 21 months as investors sold shares to free up cash as they contend with the fallout from banking reforms in the West African nation. The Ghana Stock Exchange Composite Index retreated 1.5% as of 12:09 p.m. in Accra Wednesday, heading for the lowest close since October 2017. Ghana’s …
At least 48 Ghanaian journalists have been trained in cutting edge financial and data journalism, thanks to the Bloomberg Media Initiative Africa (BMIA). The philanthropic arm of Bloomberg extended the training to Ghana after huge successes of similar programmes in South Africa, Kenya and Nigeria. Reporting on figures, the economy and converting raw data into …
Date: Jul 05 2019 07:55 BY: Maxwell Akalaare Adombila Category: Business News From the 2020/21 cocoa season, every tonne of cocoa beans from Ghana and Cote d’Ivoire that will be sold on the international market will attract an additional $400 as a living income differential. The amount will be paid by buyers of cocoa from the …
Date: Jul 09, 2019 10:04 BY: Daily Graphic Category: Business News The Ghana Investment Promotion Centre (GIPC) has signed a Memorandum of Understanding (MoU) with Malta Enterprise, Malta’s economic development agency, tasked with attracting new foreign direct investment, as well as facilitating the growth of existing operations. The MoU empowers both parties to set up a …
Date: Jul 10, 2019 09:23 BY: Emmanuel Bruce Category: Business News The Founder of Koko King, Mr Albert Osei, has urged entrepreneurs in the country not to be afraid of failure. He said an individual could not succeed in business while harbouring the fear of failure. “It is the failure that will strengthen you to find …
Brighter Investment will provide financial support for 1,000 Ghanaian students across eight tertiary institutions this year. The support will cover tuition and accommodation as well as living expenses for beneficiaries for as long as they are in school. The support is targeted at high school leavers, university undergraduates and masters students in science and business-related …
The Bank of Ghana (BoG) has urged telecom operators to consider the cost involved in the transaction of business on the mobile money platform. It’s been years since the rollout of the mobile money service and even though revenue margins have doubled, some concerns have been raised over the cost build up in the transfer …
The Board Chairman of Trustwork Oakbuild International Limited (TWOBIL), Mr Kofi Obeng-Ayirebi, has reiterated the need for businesses to position themselves well to be able to access global financing. He said local industries needed the requisite financial support to be able to invest and grow their businesses. To this end, Trustwork Oakbuild International Limited, in …