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Cryptocurrency: Advocates push for swift laws by BoG

Prof. Nii Narku Quaynor

Cryptocurrency analysts are urging the Bank of Ghana to expedite processes to formulate laws to regulate their business. They want the regulator to step in to avert a possible controversy between it and patrons of the product. The increasing interest in the use of cryptocurrency has been met with mixed reactions considering the complex nature of the system. Some have ...

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MTN launches 8th edition of i-Fest


MTN Ghana, the leading telecommunications service provider in Voice and Data and Mobile Money services is celebrating its annual Internet Festival dubbed i-Fest. The month-long festival which is in its eighth year, is to create awareness about the internet and the immense benefits of a brighter connected world. This year’s MTN i-Fest is being celebrated under the theme “making video ...

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Nana Addo visits Huawei’s Executive Briefing Center


As part of his visit to China, Ghanaian President Nana Akufo-Addo visited Huawei’s Executive Briefing Center held talks with Yi Xiang, Senior Vice President of Huawei. During the talks, president Akufo-Addo said, Huawei is now working on many ICT projects that are driving development in Ghana. We look forward to working with Huawei to advance ICT transformation for a better ...

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Galaxy Note 9: Ghanaians get special pre-order packages

galaxy 9

After a successful unboxing of its most flagship smartphone, Samsung Electronics has announced a special package for Ghanaian customers who will pre-order for the super powerful Galaxy Note9. According to the tech manufacturer, pre-order for the device will begin 17th August till 6th September at all authorized Samsung shops across the country with customers having to make a deposit of ...

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MTN’s presence boosts stock market’s capital to GH¢65bn

WhatsApp Image 2018-09-05 at 14.08.21

The total value of the Ghana Stock Exchange has reached 65 billion cedis. It follows the successful listing of MTN on the stock market, on Wednesday [September 5, 2018]. As a result, the telecom company has started trading its shares on the Ghana Stock Exchange. MTN concluded its IPO in July which allows the public to own a stake in ...

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MTN to list on Ghana’s stock market today

Selorm Adadevoh - MTN CEO

MTN is to list proceeds from its Initial Public Offering (IPO) on the Ghana Stock Exchange later today [September 5, 2018]. The company, in July, concluded its IPO which is to allow it cede thirty-five percent of its operations to the public. The IPO targeted 3.5 billion cedis, but it was able to raise 1.146 billion cedis. This means that ...

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Gov’t demands good working conditions for Ghanaians in Gulf States

Ignatius Baffour Awuah - Employment & Labour Relations Minister

The Employment and Labour Relations Minister, Ignatius Baffour Awuah has announced that government is in the process of putting together a bilateral agreement with countries in the Gulf States to ensure good working conditions of Ghanaian workers in the region. Government in 2017 placed a ban on all employment agencies in the country recruiting Ghanaians to work in foreign countries, particularly, ...

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Economy, banking crisis affected MTN IPO performance


Investment banker, Alhaji Mahama Iddrisu has cited the current banking crisis as well as what he describes as wrong timing as basis for MTN’s inability to reach its target for the Initial Public Offering (IPO). Though he qualifies the subscription as satisfactory, Mr. Mahama Iddrisu believes the offer had the potential to have performed better. “Looking at the timing of ...

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MTN raises GH¢ 1.146 bn from IPO

Selorm Adadevoh - MTN CEO

MTN has raised a total of 1.146 billion cedis from its Initial Public Offering (IPO). The amount realized from the IPO shows that MTN fell short of its target of 3.47 billion cedis by about 2.3 billion cedis. The telecom company however says the performance is highly commendable considering the volume of the offer. The company says it is hoping ...

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