The Bank of Ghana has suspended Consolidated Bank Ghana’s (CBG) Foreign Exchange Trading Licence, effective November 26, 2024, for one month The BoG cited section 11(2) of the Foreign Exchange Act, 2006 (Act 723) as the basis for this decision. In a statement on November 12, the Central Bank clarified that the suspension was prompted…
Several commercial banks in Ghana have reported impressive profit growth for Q3 2024, according to unaudited financial statements on the Ghana Stock Exchange. Some banks crossed the GHS 1 billion earnings mark by the end of September, highlighting strong sector-wide performance despite ongoing economic challenges and boosting investor confidence. Ecobank led with a remarkable 84.7%…
Celebrated Ghanaian musician, Fancy Gadam has been unveiled as the brand ambassador for The Game Energy Drink produced by Fenaam Gh Limited. The official unveiling ceremony took place at the office of Fenaam Industries in Adenta on Friday, October 25, 2024. The event was marked by a celebratory atmosphere and sparked insightful discussions between the iconic artist…
The Ghana Police Service says Mr. Tony Mintah, the Chief Executive Officer(CEO) of NextGen Infrance, has been found. Police’s earlier statement indicated that the Chief Executive Officer of NextGen Infraco was allegedly taken away by unidentified individuals from the premises of the National Communication Authority (NCA) in Accra. However, the police update disclosed that Mr….
Three suspects have been arrested in connection with the assault on some Luv FM journalists during a report on the illegal mining issue at Asumenya near Manso Nkran. The three staff members, including Erastus Asare Donkor, were attacked by armed men claiming to work for Edelmetallum Resources Limited in the Ashanti Region.Over ten heavily armed…
Ghanaian music star Kuami Eugene has dismissed speculation about his alleged departure from Lynx Entertainment, labeling it baseless.Kuami Eugene assured fans in an interview with Accra-based Hitz FM that he and the label would issue a joint official statement if they were to part ways. “People are impatient on social media. If there was an…
The regional executives of the Concerned Drivers Association of Ghana (C-DAG) have made an urgent appeal to the Ghana Private Road Transport Union (GPRTU) for an immediate 20% increment in transport fares. According to the regional executives, the decision comes in response to the financial strain faced by drivers due to soaring spare parts and…
The National Association of Rural Banks, Ghana, wants to be added to the government’s recent GH¢1.5 billion bailout package meant to settle outstanding locked-up capital to individuals impacted by the 2019 financial sector cleanup exercise. Members of the association are owed about GH¢500 million and all efforts to retrieve the monies have proved futile so far, leaving…
John Dramani Mahama, the presidential candidate of the National Democratic Congress (NDC), has once again positioned himself as the leader to rescue Ghana’s faltering economy, pledging bold reforms and comprehensive economic revitalisation if he is elected president in the December 7 general elections.Addressing enthusiastic crowds in Nadowli and Wichaw during his three-day campaign tour of…
The Paramount Chief of Kwahu in the Eastern Region who doubles as the Board Chairman of the State-owned Agricultural Development Bank, ADB, Daasebre Akuamoah Agyapong II, has been asked to resign immediately from his role. The central bank gave the directive after a businessman petitioned President Akufo-Addo and accused the Board Chair of abuse of…
