Kumasi： 250 Fire Victims Get Loan Relief. Two hundred and fifty traders who lost their wares in the recent Kumasi Central Market fire have been given a six-month moratorium on paying their outstanding loans with Eden Microfinance Company. The Executive Board Chairman of Eden Group of Companies, Mr Williams Adom Boateng, who disclosed this in Kumasi, said the company was […]
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Western Region: Low Catch Affects Fishing Business. The low catch by fishermen along the coast of the Western Region has forced some fishmongers to buy imported fish from cold stores to smoke before retailing on the local market. In Sekondi and its environs, hundreds of ovens, which hitherto had heavy clouds of smoke hanging over their roofs, have not been […]
War On Pirated Textiles Intensifies. From September 2, this year, all textiles imported into the country should be cleared at Ghana’s three designated points of entry, the Vetting Committee on Imported African Textiles at the Ministry of Trade & Industry has directed. Haruna Iddrisu, Minister of Trade & Industry, who inaugurated the committee and a reconstituted Task Force in Accra […]
Ecobank Ghana Wins Bank Of The Year Award For The 6th Time. ECOBANK Ghana has been crowned the Bank of the year 2012 award. The Bank has won the coveted award for six times. It won the maiden edition in 2001 and also won consecutive from 2004 to 2006. ECOBANK also picked up three other awards including best bank in […]
Haruna Iddrisu: Government To Give Industries Stimulus Package. Government will in 2014, give a stimulus package to industries as an intervention targeted at the pharmaceuticals, food and beverages, manufacturing, cashew and horticultural crops. Mr Haruna Iddrisu, Minister of Trade, who announced this in Accra on Wednesday, said prospective beneficiaries of the stimulus package must demonstrate their commitment towards making prudent […]
Hansol Mining Company Cries Foul. Hansol Mining, a small-scale mining company, has called on President John Dramani Mahama to intervene and halt what it terms the unwarranted attacks on indigenous mining companies by members of the Inter-ministerial Task Force.
Pwalungu Tomato Factory Rots. Hundreds of tomato farmers and some unemployed youth at Pwalugu in the Talensi District of the Upper East Region are worried about the way in which the once vibrant factory that provided job opportunities for many people in the region is gradually deteriorating.
Kumasi Abattoir Likely To Shut Down. The Kumasi Abattoir Company Limited has threatened to shut down due to the frequent power interruptions, which it says is crippling its operations. The Managing Director, Joe Owusu-Boadi warned of imminent shut-down, if the situation does not improve.
Bank of Ghana Shuts Down Three Illegal Banks. The Bank of Ghana has shut down three financial institutions for engaging in illegal activities. The companies are CB Net Marketing Concepts, E-Finance and More and Diamond Investment Limited. A statement issued by the Central Bank said CB Net operates what is suspected to be a ponzi scheme in Accra, Tema and […]
COCOBOD To Raise $1.25 Billion Through 5 international Lenders. Citi Business News has gathered that Ghana Cocoa Board (COCOBOD) has mandated five international lenders for its annual pre-export financing (PXF) facility.
Srinivasan Venkatakrishnan Is AngloGold Ashanti New CEO. The Board of Directors of AngloGold Ashanti (AGA) has announced the appointment of Mr Srinivasan Venkatakrishnan (Venkat), as Chief Executive Officer (CEO) with immediate effect.
Kantamanto Traders Hit Streets Again. Traders from the Kantamanto market hit the streets of Accra on Wednesday to register their displeasure over their inability to secure space at the Pedestrian Shopping Mall at the Kwame Nkrumah Circle.