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AirtelTigo upgrades network services in Accra

Airtel Tigo

AirtelTigo has announced it will implement new network integration and upgrade exercises in the Greater Accra region. The move comes weeks after the company suffered a blow with network challenges, leaving hundreds of customers without cellphone service. The project aims to strengthen the merger between the former Airtel and Tigo networks and will “provide customers with wider coverage, faster internet ...

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Total launches 2018 Startupper Challenge

WhatsApp Image 2018-10-12 at 11.12.38 AM

Total Ghana has launched the Startupper of the year challenge 2018. The contest, seeks to unearth and support young and budding entrepreneurs with financial packages as well as coaching programmes. The 2018-2019 Startupper of the Year by Total Challenge will support and reward young local entrepreneurs in any business sector with a project or business less than two years old. ...

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IMF reviews Ghana’s 2018 GDP down to 6.3%

IMF

The International Monetary Fund (IMF) has revised downwards its earlier 6.8 per cent Gross Domestic Product (GDP) projection for the Ghanaian economy in 2018 to 6.3 per cent. According to the Bretton Woods institution’s latest World Economic Outlook Report on World Economy and Financial Surveys, the economic growth will however be higher at 7.6 per cent GDP in 2019 but ...

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President to launch oil block bidding on Oct 15

nigeria_oil_3_cnbc_africa

President Akufo-Addo is expected to launch the country’s maiden Oil and Gas Licensing Round next Monday [October 15, 2018]. The purpose of the licensing round is to encourage transparency in petroleum agreements while employing competent and capable companies. The decision is also to enhance cost effectiveness and undertake oil exploration in a sustainable and mutually beneficial manner. Nine oil blocks ...

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Mobile Money interoperability crosses the 1million mark

Mobile Money

Cross mobile money wallet transactions otherwise known as mobile money interoperability, has recorded over 1.1 million volume of transactions, from its inception some five months ago. The over 1.1 million transactions was recorded at the end of September, the latest data from the Ghana Interbank Payment and Settlement System (GhIPSS), indicates. The total value of cross network transactions amounted to ...

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SEC responds to Menzgold suit to appear in court

sec

The Securities and Exchange Commission (SEC) has filed an appearance to respond to a suit brought against it by Menzgold. The gold dealership company has sued the SEC and the Bank of Ghana asking that the court directs the two institutions to stop interfering in its business. Menzgold in its writ also wants the court to stop the two regulators from ...

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Aggrieved customers give Menzgold 4-week ultimatum to pay returns

menzgold

A group calling itself aggrieved traders of gold dealership company, Menzgold has given the company a four-week ultimatum to pay 50% principal investments of all customers. The group made this known at a press conference to drum home their demands following the refusal of the company to honor contract obligations of paying them their investment returns. The press conference was ...

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Capital, UT Bank collapse: PwC recovers 15% of total loan stock

UT

The Joint Receivers of collapsed UT and Capital banks, PricewaterhouseCoopers (PwC), has disclosed that it has recovered fifteen percent (15%) of the total loan stock of the two banks. A statement on the progress of work done over the last one year said that the receivers are pursuing legal action against defaulters of loans of the two banks and will prosecute ...

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Oil prices drop after IMF’s review of global economic growth

oil new

Oil prices fell on Tuesday [October 10, 2018] following the IMF’s downward review of the global economic growth forecasts. Reuters however reports that markets were supported as Hurricane Michael closed nearly 40 percent of U.S. Gulf of Mexico oil output and U.S. sanctions restricted Iranian exports. The Fund reduced the global economic growth from 3.9 to 3.7 percent. The IMF ...

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CTN brawl: GRA alarmed at opponents’ intended strike     

Isaac Crentsil - Commissioner for Customs Division, GRA

The Ghana Revenue Authority has described as unfortunate the decision by freight forwarders to embark on a strike action if the authority goes ahead with the implementation of the CTN system. The freight forwarders have constantly expressed their displeasure over the system and have called on the GRA to reconsider its decision in rolling it out. The CTN system is ...

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