A former management member of the Komenda Sugar Factory has dispelled assertions that the factory never produced sugar under the Mahama administration.According to a former Director of Communications and Strategy, Ransford Chatman Vanni-Amoah, claims by Deputy Trades and Industry Minister, Robert Ahomka-Lindsey, that the factory did not produce any sugar …
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The Managing Director of GCB Bank, Mr. Anselm Ray Sowah, says assuming the management of UT and Capital Banks is a strategic move in the interest of the Bank.“It was not an overnight decision to take over those two banks. I am hopeful that the expansion of GCB will bring …
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The Ghana Psychological Association says employees who may lose their jobs following the collapse of two Ghanaian-owned banks, need psychological and unemployment insurance benefits. In a statement to Myjoyonline.com, the Association said providing these insurance benefits to the displaced workers will help reduce the financial and psychological implications of the job …
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The Institute for Energy Security (IES) has projected a fuel price increase of between 3 and 5 percent in the second fuel pricing window which begins August 16, 2017.According to IES Principal Research Analyst, Richmond Rockson, the increase is as a result of “upward adjustments of Brent crude oil price …
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The Minority Members in Parliament have called for a bi-partisan investigation to be conducted into circumstances that led to the collapse of UT and Capital banks.The Minority’s spokesperson on Finance, Cassiel Ato Forson, has said government needs to probe this matter in order to give Ghanaians assurances that their deposits …
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A financial analyst, Jeff Afolabi, has said the International Monetary Fund (IMF) is behind GCB Bank’s takeover of the now defunct UT and Capital banks.GCB Bank Limited, on Monday, 14 August 2017, took over transfers of all deposits and selected assets of UT Bank Ltd and Capital Bank Ltd as …
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President Nana Addo Dankwa Akufo-Addo will today lay the foundation stone for the construction of a technologically advanced cement grinding factory for CBI Ghana at the Tema Free Zone Enclave.When complete, the CBI Ghana plant will produce premium cement under the brand name, ‘Supacem’.“We intend to produce and supply high-quality …
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Telecom operator, Tigo is marking the 5th anniversary of its Tigo Digital Changemakers Competition and has committed to reinvesting an additional GHS135,000 to advance the impact of leading social entrepreneurs in the programme. Tigo disclosed that the competition which has been running in partnership with the international non-profit organization Reach …
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The Minister of Energy Hon. Boakye Agyarko has charged the newly constituted Board of the National Petroleum Authority (NPA) to ensure there is openness and transparency in all its dealings with stakeholders especially, consumers. ‘These are days when rumours, misinformation abound and have the tendency to foul and poison the …
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Following the collapse of UT Bank and Capital Bank, the Bank of Ghana has indicated that the shareholders of Capital Bank will not be compensated. The same may apply to UT Bank shareholders though the central bank is considering compensating shareholders of UT, listed on the Stock Exchange. Discussions with …
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