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Auditor General Snubs Akufo-Addo Over GH¢640m Contractors’ Audit

Reports about the Auditor-General Daniel Yaw Domelevo running a one-man-show at the Audit Service are gaining ground, as it has emerged that he has ignored a directive from President Akufo-Addo to audit the liabilities of the Metropolitan, Municipal and District Assemblies (MMDAs) to contractors as of December 31, 2016, for …

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Disregard All The Misconceptions Of GMO – Senior Research Officer

A Senior Research Scientist from the Council of Scientific Research Institute (CSIR), Dr. Richard Ampadu Ameyaw, has advised farmers, Extension Officers and the general Public  to close their ears to the numerous Misconceptions surrounding the Genetically Modified Organisms (GMO’s) and treat them as mere stories which do not hold water. …

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Collapsed Banks: ‘I take Responsibility But Can’t Be Blamed’ – Seth Terkper

Former Finance Minister Seth Terkper has accepted responsibility for the collapse of some seven indigenous banks in the country that has caused almost 2,000 job losses within a year. Mr. Terkper however said he cannot be blamed for the financial mess that has shaken the foundation of the banking industry. …

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CBG Is Worse Than The Five Collapsed Banks – Adongo

Member of Parliament for Bolgatanga Central, Isaac Adongo, has said the newly formed Consolidated Bank of Ghana (CBG) has worse liquidity challenges than the five banks that were merged to create it. According to him after the Bank of Ghana merged the five defunct banks to form CBG, the new …

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UMB Commits $10.8m In Establishing 1D1F In Pru District – CEO

Chief Executive Officer for Universal Merchant Bank (UMB), John Awuah, has hinted that his bank is committing a total of $10.8 million towards the establishment of a district factory in the Pru district of the Brong Ahafo region. According to him, it is a realization of a promise his outfit …

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Dr KK Sarpong And $7.5m Saga

The Chief Executive Officer, CEO, of Ghana National Petroleum Authority, GNPC, Dr Kofi Kodua Sarpong, popularly known as Dr KK Sarpong has been spotted in a deal between the Global Haulage Company Limited, a former company of Dr Sarpong with a transaction that amounts to $7.5 million. Documents available to …

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Free Mobile Phones For Cocoa Farmers

New mobile phones with a special application that can help to detect cocoa diseases and also suggest an instant medication for them have been distributed freely to 200 cocoa farmers in the country. The beneficiaries are members of the Kuapa Kokoo Co-operative Cocoa Farmers and Marketing Union Limited (KKFU). The …

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COCOBOD To Get Lower Interest On new Cyndicated loan

The Ghana Cocoa Board (COCOBOD) has told Citi Business News that, it will be paying a lower interest rate on the syndicated loan for next year’s cocoa season, when compared to the interest rate being paid for this year. Parliament in July this year approved a loan facility of $1.3 …

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Kwabena Duffour Sues BoG Over UniBank License revocation

Dr Kwabena Duffour, a shareholder of the defunct uniBank Ghana Limited, has initiated a fight to reclaim uniBank, which the Bank of Ghana (BoG) on August 1, 2018, collapsed along with four other banks on grounds of insolvency. The Bank of Ghana on August 1, 2018 merged five banks into …

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GN Bank Contributing Towards Reducing Housing Deficit In Ghana – Felix Ograh

The General Manager of Yorke Properties, Felix Ograh, has noted that GN Bank, an indigenous Ghanaian owned commercial bank is contributing to the reduction of the housing deficit in Ghana. According to him, financing a 16-housing unit like what GN Bank has done is not an easy task but rather …

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