Business

  • MTN Freezes Wallets Of Customers After Ponzi Scheme Fraud
    Management of MTN says it has received complaints from some of its Mobile Money customers, who allegedly contributed to a Ponzi scheme operated by Savannah Brokerage Investment and are demanding reversal of their respective amounts invested. A sta ... more
    ModernGhana -Biz10 mins ago
  • Support Local Banks To Aid Transformation Agenda
    President Nana Addo Dankwa Akufo-Addo on Thursday said government was taking steps to empower indigenous financial entities to be able to support and spur Ghana 39;s transformation agenda. He said it was not acceptable that foreign banks, who had ... more
    ModernGhana -Biz42 mins ago
  • EU tariffs on US goods come into force
    The European Union (EU) has introduced retaliatory tariffs on US goods as a top official launched a fresh attack on President Donald Trump’s trade policy. The duties on €2.8bn (£2.4bn) worth of US goods came into force on Friday. Tariffs have been imposed on products such as bourbon whiskey, motorcycles… ... more
    StarrFM -Biz1 hour ago
  • Ofori-Atta Set To Review Current Taxes At Mid-year Budget
    Finance Minister Ken Ofori-Atta has given a strong indication of possibly introducing new taxes during the mid-year budget review. The Finance Ministry over the past months indicated the need to review these tax measures to make more responsive to ... more
    ModernGhana -Biz2 hours ago
  • Tax Education In Berekum West Yielding Positive Results
    Mr. Peter Maala, the District Coordinating Director (DCD) for Berekum West has announced that tax education campaign recently embarked on by the Assembly has yielded positive results as the tax-payers are honouring their tax obligations. Mr. Maala ... more
    ModernGhana -Biz2 hours ago
  • Fishing As Alternative Livelihood For Fisher-Folk In Oil-Imp...
    Natural resources should promote sustainable development through the creation of wealth for a nation and its citizenry; present and future. It is no wonder that natural resource exploitation is often linked to the quest for socio-economic well-being ... more
    ModernGhana -Biz2 hours ago
  • Bawku: Farmers Receive Farm Insurance Claims
    Farmers in the Bawku area who were advised to insure their farms against unforeseen disasters have received claims from the Ghana Agricultural Insurance Pool (GAIP) for various degrees of damages on their farms last year. About 1,924 farmers from ... more
    ModernGhana -Biz2 hours ago
  • FirstBanc Heritage Fund Records 41.52% Return
    The FirstBanc Heritage Fund posted an impressive performance in 2017 with a year-to-date return of 41.52 percent, its second highest in eight years. Professor John Bright Kobla Aheto, Chairman of the Board of Directors told a shareholders 39; at ... more
    ModernGhana -Biz2 hours ago
  • Mobile Money ‘Interoperability’ Records Nearly 1...
    Some 96, 904 cross-network mobile money transactions took place in the first month of the launch of mobile money interoperability. The transactions are valued at over 8.3 million Ghana Cedis. These transactions are limited to transfers from mob ... more
    ModernGhana -Biz2 hours ago
  • Kosmos Energy Partners Multimedia Group
    Kosmos Energy is partnering Multimedia Group Ltd (MGL) to unearth innovations in agriculture through the Kosmos Innovation Center(KIC) Agritech Challenge. The Agritech Challenge looks out for innovative ideas by young entrepreneurs that provides s ... more
    ModernGhana -Biz2 hours ago
  • Small pelagic fish near total depletion – Report
    Small pelagic fish species in Ghana – sardinella, anchovies and mackerel – have reached unsustainable levels and may face total depletion by the year 2020 if urgent measures are not instituted to reduce fishing and recover dwindling stock, according to a report. ... more
    MyJoyOnline -Biz2 hours ago
  • Mobile money interoperability transactions hit nearly 100,00...
    Some 96,904 cross-network mobile money transactions took place in the first month of the launch of mobile money interoperability. ... more
    MyJoyOnline -Biz2 hours ago
  • Ejisu: MTN Ghana empowers youth in soap making
    Unemployment rates in the Ejisu-Juaben municipality of the Ashanti region is expected to henceforth see a reduction with the training of more than 30 persons in the soap making business. The training facilitated by the National Board of Small Scale Industries (NBSSI) with support from telecom giant MTN, is not… ... more
    StarrFM -Biz2 hours ago
  • British Airways improves quality of service in Ghana after c...
    British Airways has announced a series of changes to its Ghana operations which are aimed at improving its service delivery within the country. The airline company says the decision also follows the important nature of the Ghanaian market, the Accra-London routes. British Airways has received heavy backlash from its Ghanaian… ... more
    CitiFm -Biz3 hours ago
  • Beige Bank nears GH¢400m minimum capital
    The Beige Bank has announced that it will be able to meet the new minimum capital requirement for banks before the December 2018 deadline. The bank, in a statement to Citi Business News said that its current financial position shows that it is about 100 million cedis shy of the… ... more
    CitiFm -Biz5 hours ago
  • Mid-year budget review: Ofori-Atta set to review current tax...
    Finance Minister Ken Ofori-Atta has given a strong indication of possibly introducing new taxes during the mid-year budget review. ... more
    MyJoyOnline -Biz14 hours ago
  • Don’t be Passive, Finance Risky Ventures – Aku...
    President Nana Addo Dankwa Akufo-Addo has urged both indigenous and foreign-owned banks operating in Ghana to invest and finance more risky ventures that can transform the Ghanaian economy. Speaking as part of a six member panel moderated by BBC’s Sophie Ikenye at the last plenary session of the 2018 African… ... more
    StarrFM -Biz14 hours ago
  • Kosmos partners Multimedia Group to support innovation in ag...
    Kosmos Energy is partnering Multimedia Group Ltd to unearth innovations in agriculture through the Kosmos Innovation Center (KIC) Agritech Challenge. ... more
    MyJoyOnline -Biz15 hours ago
  • British Airways Ghana Restructures For Efficiency
    British Airways has announced new changes in its Ghana operation targeted at making the airline more efficient in one of its most important markets in Africa. British Airways rsquo; Regional Commercial Manager, West Africa, Kola Olayinka, stated t ... more
    ModernGhana -Biz15 hours ago
  • Chief Blockchain Union Launched In Ghana
    ....Group Photo Of Li Bin, Joseph Khalil, Silas N.A Mettle, Augustine Adane A new technology that seeks to develop solutions to challenges facing nations, the Blockchain Technology, according to Mr. Libin an associate partner of Chief Block ... more
    ModernGhana -Biz16 hours ago
  • ENI Ready To Transport Gas From Sankofa Gye-Nyame Fields
    Oil exploration firm ENI has assured it would start exporting gas from the Sankofa Gye-Nyame field by the end of this month. According to the ENI, it is working with all its partners to ensure that they meet this deadline which is the end of the m ... more
    ModernGhana -Biz16 hours ago
  • US Secretary Of Commerce On Fact-Finding Mission to Ghana
    US Secretary of Commerce, Wilbur Ross, will lead a delegation from the President rsquo;s Advisory Council on Doing Business in Africa (PAC-DBIA) on a fact-finding mission to Ghana later this month. Under Secretary of Commerce for International Tra ... more
    ModernGhana -Biz16 hours ago
  • Finance: The Netflix of China is getting whacked (IQ)
    iQiyi is trading down more than 11% Thursday. The sell-off appears to be technical as the weakness comes amid a lack of any headlines. iQiyi is trading down more than 11% Thursday. The sell-off comes amid a lack of any headlines. Shares have more than doubled over the… ... more
    Pulse -Biz17 hours ago
  • British Airways Ghana restructures for efficiency
    British Airways has announced new changes in its Ghana operation targeted at making the airline more efficient in one of its most important markets in Africa. ... more
    MyJoyOnline -Biz17 hours ago
  • Channel Vas secures airtime and date credit patents
    Channel VAS Group, the global premium fintech and data analytics company, has been granted exclusive Patents and Intellectual Property rights for its pioneer Airtime Credit and Data Credit products and services. ... more
    MyJoyOnline -Biz17 hours ago
  • MTN to share GHC11m for Savanna Brokerage customers
    Normal 0 false false false EN-GB X-NONE X-NONE /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-parent:""; mso-padding-alt:0cm 5.4pt 0cm 5.4pt; mso-para-margin-top:0cm; mso-para-margin-right:0cm; mso-para-margin-bottom:8.0pt; mso-para-margin-left:0cm; line-height:107%; mso-pagination:widow-orphan;… ... more
    StarrFM -Biz17 hours ago
  • Channel Vas Secures Intellectual Property, Updates Airtime A...
    Channel VAS Group, the global premium fintech and data analytics company, has been granted exclusive Patents and Intellectual Property rights for its pioneer Airtime Credit and Data Credit products and services. Channel VAS products are live through ... more
    ModernGhana -Biz18 hours ago
  • NLA and VAG merge to fight illegal lottery
    The National Lottery Authority (NLA) has taken another giant stride aimed at fighting illegal lottery in the country. The Authority has signed an agreement with the Veterans Administration of Ghana (VAG) to that effect.  The agreement has seen VAG seed of all its authority in the lottery business to NLA.… ... more
    StarrFM -Biz18 hours ago
  • US Secretary of Commerce on fact-finding mission to Ghana, o...
    US Secretary of Commerce, Wilbur Ross, will lead a delegation from the President’s Advisory Council on Doing Business in Africa on a fact-finding mission to Ghana later this month. ... more
    MyJoyOnline -Biz18 hours ago
  • ENI ready to transport gas from Sankofa Gye-Nyame fields
    Oil exploration firm ENI has assured it would start exporting gas from the Sankofa Gye-Nyame field by the end of this month. ... more
    MyJoyOnline -Biz18 hours ago
  • Finance: We drove a new $47,800 Acura RDX to see if the cros...
    For many, many Americans, the RDX is their version of a premium wagon and it's dedicated to upscale family duty. But it also promises zesty performance and plenty of technology, given the typical needs and wants of an Acura enthusiast. The Acura RDX is a critically important compact… ... more
    Pulse -Biz18 hours ago
  • MTN freezes account of ponzi scheme over GH¢11m default
    The Financial Intelligence Centre (FIC) is expected to direct MTN on how it could disburse about eleven million cedis (GH¢11,000,000) to customers whose monies have been locked up in the company’s mobile money services. About thirty thousand (30,000) customers have had their monies locked up after being lured into a… ... more
    CitiFm -Biz18 hours ago
  • Mid-Year Budget to introduce new taxes for holistic regime ...
    Finance minister, Ken Ofori-Atta, has confirmed that the mid-year Budget to be presented to parliament in August will capture some measures by government aimed at reviewing the current tax regime. This will include the introduction of some new taxes – a year after the scrapping of some 14 others. Speaking… ... more
    StarrFM -Biz18 hours ago
  • Funding For Startups Should Be Increased
    The Minister for Business Development, Mohammed Awal, has directed managers of the Skills Development Fund (SDF) to prioritize startups in the disbursement of grants. The directive follows what the Minister describes as the over-concentration of t ... more
    ModernGhana -Biz18 hours ago
  • Meralco To Takeover ECG As Cabinet Approved Deal
    Cabinet has approved the proposed takeover of Electricity Company of Ghana (ECG) by Melraco Consortium. This should pave the way for parliament to scrutinize documents covering the planned takeover. Chief Executive Officer of Millennium Develop ... more
    ModernGhana -Biz18 hours ago
  • Ghana Loses GH¢8b Annually Over Non-Payment Of Gift Tax
    Ghana is reported to be losing about GH cent;8 billion annually due to the non-payment of taxes on gifts received by citizens, including government officials. This is according to a report by the Institute of Liberty and Policy Innovation ( ... more
    ModernGhana -Biz20 hours ago
  • MTN Urges Victims Of Savanna Brokerage Scam To Exercise Rest...
    MTN has received complaints from some of its Mobile Money customers who allegedly contributed to a ponzi scheme operated by Savanna Brokerage Investment and are demanding for reversal of their respective amounts invested. MTN uncovered the suspect ... more
    ModernGhana -Biz20 hours ago
  • Ghana Exim Bank Explores Natural Endowments
    In line with its five-year strategic objectives (2017 to 2022), the Ghana Exim Bank says it is focused on diversifying the Non-Traditional Export (NTE) sector in a bid to increase export revenue, create employment and add value. Chief Executive Of ... more
    ModernGhana -Biz20 hours ago
  • Cabinet approves proposed takeover of ECG by Meralco
    Cabinet has approved the proposed takeover of Electricity Company of Ghana (ECG) by Melraco Consortium. ... more
    MyJoyOnline -Biz20 hours ago
  • BOST Boss George Mensah Okley Takes Over
    George Mensah Okley, an energy expert, has taken over as the new Managing Director (MD) of the Bulk Oil Storage and Transportation (BOST) company. Mr Mensah Okley replaces Alfred Obeng Boateng, who was sacked by President Akufo-Addo recently. M ... more
    ModernGhana -Biz21 hours ago
  • New Tax Measures In The Offing – Gov’t
    The Ministry of Finance has hinted that government may introduce some new tax measures in addition to some social interventions to shore up the revenue of the country during the presentation of the mid-year budget review next month. Even though th ... more
    ModernGhana -Biz21 hours ago
  • Fall Of Cedi Risks Disrupting Ghana’s Financial Market
    The Ghana Chamber of Commerce and Industry is warning of a severe crisis in the private sector should the government fail in dealing with the fall of the Ghana cedi against major currencies. The Ghana cedi, which depreciated against the US dollar ... more
    ModernGhana -Biz21 hours ago
  • US Commerce Secretary Visits Ghana, Kenya
    US Secretary of Commerce Wilbur Ross is expected to lead a delegation from the President 39;s Advisory Council on Doing Business in Africa (PAC-DBIA) on a fact-finding mission to Ghana later this month. Under Secretary of Commerce for Internation ... more
    ModernGhana -Biz21 hours ago
  • UN Rapporteur Doubts Poverty Reduction Moves
    The UN Special Rapporteur on extreme poverty and human rights, Philip Alston, has noted that although Ghana 39;s flagship policies might stimulate the economy, they would not do much to get rid of poverty. Alston 39;s comments mark the presentat ... more
    ModernGhana -Biz21 hours ago
  • 18 Graduates From Amenfiman Rural Bank Qualify For Talent Ac...
    Amenfiman Rural Bank has initiated an internal system to equip employees with requisite skills to replace retiring staff. The bank 39;s CEO, Dr Alexander Asmah, says it is requisite for businesses to consciously build the capacity of its employee ... more
    ModernGhana -Biz21 hours ago
  • MTN raises red flags over activities of Savanna Brokerage In...
    MTN Ghana says it has received complaints from some of its Mobile Money customers who allegedly contributed to a Ponzi scheme operated by Savanna Brokerage Investment and are demanding for reversal of their respective amounts invested. ... more
    MyJoyOnline -Biz22 hours ago
  • TOR Suspending Operations In Two Units But Not Shutting Down
    The Tema Oil Refinery (TOR) will shut two of its unit because of the refinery rsquo;s inability to raise letters of credit to import crude oil for processing. Confirmed reports has indicated that reports of TOR being shut down effective imm ... more
    ModernGhana -Biz22 hours ago
  • Resilient East African Economies To Enjoy Sustained Economic...
    Ongoing improvement in East Africa rsquo;s economic prospects is forecast by Ecobank rsquo;s research team in the newly published East Africa section of its flagship financial website, AfricaFICC . Ethiopia, Kenya, Tanzania and Uganda are the regions ... more
    ModernGhana -Biz23 hours ago
  • 18 employees from Amenfiman Rural Bank qualify for talent ac...
    Amenfiman Rural Bank has initiated an internal system to equip employees with requisite skills to replace retiring staff. ... more
    MyJoyOnline -Biz23 hours ago
  • Ghana Exim Bank explores natural endowments in northern Ghan...
    In line with its five-year strategic objectives the Exim Bank says it is focused on diversifying NTE sector in a bid to increase export revenue, create employment and add value. ... more
    MyJoyOnline -Biz23 hours ago
  • Fall of cedi risks disrupting Ghana’s financial marke...
    The Ghana Chamber of Commerce and Industry is warning of a severe crisis in the private sector should the government fail in dealing with the fall of the Ghana cedi against major currencies. ... more
    MyJoyOnline -Biz23 hours ago
  • Chamber Of Commerce Unveils Two Business Awards
    Accra, June 20, GNA - The Ghana Chamber of Commerce and Industry (GNCCI) on Wednesday launched the second edition of its business awards in Accra to celebrate the contributions of key Ghanaian businesses and personalities. The launch, which was su ... more
    ModernGhana -Biz23 hours ago
  • 1D1F, $1m per constituency won’t reduce poverty – UN
    Ghana’s flagship policies might well stimulate the country’s economy but they would not do much to get rid of poverty, even though that is their stated aim, says a UN human rights expert. “The Government claims that the economic stimulus provided by these programmes will automatically cut the country’s… ... more
    StarrFM -Biz23 hours ago
  • Tax Exemption To Foreign Companies Undermining Ghana’s...
    President of the African Center for Economic Transformation, (ACET), has said tax exemption to foreign companies is undermining growth in Africa. Dr K.Y Amoako bemoaned the lack of stringent measures by governments to mobilize tax from internation ... more
    ModernGhana -Biz23 hours ago
  • HR Today: Signs indicating you’ve fallen out of favou...
    Has your boss stopped returning your calls? Have they stopped asking you for your opinion or introducing you to new clients? It’s time to consider the possibility that you’re being frozen out from above. Here are some surefire signs that you’ve fallen out of favor–and, on the positive side, what… ... more
    StarrFM -Biz23 hours ago
  • About 2,000 ‘Incorrectly’ Cheap Tickets Cancelle...
    More than 2,000 British Airways passengers have had their tickets cancelled because the prices were too cheap, a travel agent has said. Travel Up chief Ali Shah said he believes another five agencies also sold tickets through the airline 39;s mis ... more
    ModernGhana -Biz23 hours ago
  • First Fund Shareholders Approved Fee Waiver For Institutiona...
    Shareholders of FirstBanc First Fund, a money market mutual fund, have passed a special resolution to waive the fee applied at the time of the initial purchase of an investment for all institutional clients. The waiver would apply to qualified ins ... more
    ModernGhana -Biz23 hours ago
  • On Oil Revenue Funded Projects: CSOs Demand Forensic Audit
    Civil Society, is demanding a forensic audit of all oil revenue funded projects in the country for the last six years. The CSOs in natural resource management say the move has become necessary due to worrying revelations from its tour to some oil ... more
    ModernGhana -Biz23 hours ago
  • Companies Submit Nominations For Shipper’s Awards
    The second edition of the Ghana Shippers Awards has received a tremendous participation of key stakeholders, companies and respected individuals within the shipping industry. This year, 48 companies submitted nomination for the awards scheduled to ... more
    ModernGhana -Biz1 day ago
  • Closed Season Should Be Implemented To Safeguard Over Fishin...
    The Ministry of Fisheries and Aquaculture Development has been tasked to implement the closed season of fishing as contained in the National Fisheries Management Plan in order to curb the threat of overfishing 39;The closed season in collaborati ... more
    ModernGhana -Biz1 day ago
  • Finance: Akon is investing big time in cryptocurrency and he...
    Akon is channeling a chunk of his fortune into cryptocurrency sector in Africa and it's huge.  Akon is channeling a chunk of his fortune into cryptocurrency sector in Africa and it's huge. AKoin is strategically built by Akon to create benefits for those on African soil, disadvantaged by political and… ... more
    Pulse -Biz1 day ago
  • Trade Minister Briefs Parliament On Progress Of 1D1F
    Trades and Industry Minister Alan Kyerematen has assured the business community that the government would continue to provide the right conditions and to facilitate access to finance and market under the one district one factory (1D1F) programme. ... more
    ModernGhana -Biz1 day ago
  • Drivers Prefer GOIL, Total And Vivo
    Commercial and Private drivers in Accra have tagged Ghana Oil Company Limited (GOIL), Total Petroleum Ghana Limited, and Vivo Energy Ghana Limited as the most preferred Oil Marketing Companies due mainly to their customer relations and prices. A r ... more
    ModernGhana -Biz1 day ago
  • Stock Market Sentiments Remain Bearish
    Market sentiments remained bearish for May as the Ghana Stock Exchange (GSE) - Composite Index failed to find support at the 3,400 levels. The benchmark index closed the May transactions at 3,167.5 points. According to Nordea Capital Investment St ... more
    ModernGhana -Biz1 day ago
  • UMB SpeedApp Forum Held
    UMB has held a market forum to engage customers and non-customers in the Central Business District of Accra, as part of activities to create awareness and increase usage of its mobile banking product, UMB SpeedApp. The UMB SpeedApp market forum at ... more
    ModernGhana -Biz1 day ago
  • BoG must use moral suasion to get interest rates down-Prof. ...
    Economist, Prof Cletus Dordunoo has called on the Bank of Ghana(BoG) to use moral suasion to compel banks to reduce their interest rates to appreciable levels. According to him, the measures so far implemented by the Bank of Ghana such as the continuous reduction of the policy rate , and… ... more
    CitiFm -Biz1 day ago
  • IMF team visits Ghana; rising debt high on agenda
    The government is confident that the IMF should be satisfied with efforts to reduce the country’s rising debts even as the Fund’s team makes a visit to Ghana. The optimism follows a visit by an IMF team to Ghana as part of monitoring activities under the program. The latest review… ... more
    CitiFm -Biz1 day ago
  • Minister pushes for increased funding for startups
    The Minister for Business Development, Mohammed Awal, has directed managers of the Skills Development Fund (SDF) to prioritize startups in the disbursement of grants. The directive follows what the Minister describes as the over concentration of the fund managers on medium to large scale businesses. The Skills Development Fund, is… ... more
    CitiFm -Biz1 day ago
  • Stock market sentiments remain bearish
    Market sentiments remained bearish for May as the Ghana Stock Exchange (GSE) - Composite Index failed to find support at the 3,400 levels. The benchmark index closed the May transactions at 3,167.5 points. ... more
    MyJoyOnline -Biz1 day ago
  • 700 proposals received for 1D1F but gov’t unsure when...
    Government says it is unable to tell exactly when any of its factories under the One District One Factory (1D1F) policy will be completed. ... more
    MyJoyOnline -Biz1 day ago
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