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Author Archives: Pius Amihere Blay

Burger King opens second restaurant in Accra

WhatsApp Image 2018-10-04 at 17.17.25

American fast food joint, Burger King has opened a second restaurant in Accra. The restaurant which is situated at Airport Shell gas station, seeks to provide quick meals for Ghanaians. Burger King, founded in 1954, operates over 17,000 locations in over a hundred countries. The restaurant is independently owned and operated through a franchise agreement by SIA QSR Ghana Limited, ...

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3 ‘big’ economies slow down growth in sub-Saharan Africa 

World Bank’s Africa Region Chief Economist, Albert G. Zeufack

The World Bank has described growth in sub-Saharan Africa as very slow in the October edition of the Bank’s biannual report dubbed, Africa’s Pulse. The region recorded a growth of 2.7 percent, in 2018 which is a 0.4 percent rise from the 2.3 percent recorded in 2017. The Bank has attributed the marginal growth to the sluggish expansion in the ...

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BoG to save cedi’s free fall with $650mn of cocoa syndicated loan

Ernest-Addison

About 650 million dollars from the cocoa syndicated loan is to hit the Bank of Ghana’s account today. This is because the COCOBOD will make the first draw down from the loan to be lodged at the central bank’s account. The figure represents fifty percent of the 1.3 billion dollars that the Ghana COCOBOD secured from the syndicated banks in ...

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Excise tax stamp: 1000 jobs could be lost over seized goods – AGI

AGI President - Dr.  Yaw Adu Gyamfi

The Association of Ghana Industries (AGI) has warned that over a thousand people in the beverages industry in Ghana could lose their jobs if the Ghana Revenue Authority (GRA) fails to remove compliance officers from the factories of its members and engage in further dialogue in relation to the tax stamp policy. According to the President of the AGI, Dr. Yaw ...

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BoG closes down Dancom Microfinance Limited, arrests directors

bank-of-ghana pic

The Bank of Ghana has shut down Dancom Microfinance Limited for operating illegally. The Directors of the company have also been arrested and are being prosecuted for operating without a license. “…Dancom Microfinance was engaged in deposit-taking activities without licence contrary to section 6(1) of the Banks and Specialized Deposit-Taking Institutions Act, 2016(Act 930).” “The general public is hereby informed ...

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We’ve saved deposits of 1m Ghanaians in cleaning banking sector – Nana Addo

Standard-Chatered

President Nana Addo Dankwa Akufo-Addo has revealed that the rationalization of the banking sector, undertaken by his government, has ensured that deposits of one million, one hundred and forty-seven thousand, three hundred and sixty-six (1,147,366) Ghanaians were saved. Speaking at the inauguration ceremony of the new Standard Chartered Head Office on Wednesday, 3rd October, 2018, President Akufo-Addo added noted that his ...

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Unemployment in sub-Saharan Africa to hit 31 million in 2019 – ISSER

unemployment

The Institute of Statistical, Social and Economic Research (ISSER) is projecting that the number of unemployed persons within sub-Saharan Africa will increase by 2.2 million by 2019. This will translate into 7.6 percent increase in the unemployment figure for the region. According to ISSER, the unemployment numbers for sub Saharan Africa are expected to increase from 29.1 million to 31.3 ...

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Cut expenditure, corruption to reduce debt stock – ISSER

debt npl

The Institute of Statistical Social and Economic Research (ISSER) of the University of Ghana has called on the government to focus on tackling the country’s growing public sector debt. The Institute says failure to meet domestic revenue mobilization targets, coupled with increasing government expenditure makes it difficult to deal with the debt situation. Presenting ISSER’s State of the Ghanaian Economy ...

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Inside Emirates Airbus A380 [Photos]

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Emirates Airlines’ Airbus A380 on Tuesday [October 2, 2018] made a historic one off visit to Ghana. The airbus is one of the fleet of large bodied aircraft owned by the Dubai based airlines. Ghanaian Captain, Solomon Quainoo piloted the Airbus A380. The move is also to test the ability of the new Terminal 3 to handle bigger aircrafts with ...

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Voltic, Jaldahaara Foundation provide potable water to schools

VOLTIC 1

Voltic Ghana Limited has partnered Jaldahaara Foundation in a project which seeks to provide water to two thousand (2,000) students in five different schools across the country for the next year. The move forms part of Voltic’s Corporate Social Responsibility. The company says as one of the pioneers of bottled water in Ghana, it will continue to create better shared ...

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