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World Bank Group gives $57 Billion to sub-Saharan Africa

Jim Yong Kim, President of World Bank Group

FOLLOWING A meeting with G20 finance ministers and central bank governors, World Bank Group president Jim Yong Kim has announced a record $57 billion in financing for Sub-Saharan African countries over the next three fiscal years. Kim was on a trip to Rwanda and Tanzania to emphasize the bank group’s …

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Oil marketers support  NPA boss

THE ASSOCIATION of Oil Marketing Companies (AOMCs) have assured the newly appointed Chief Executive Officer (CEO) of the National Petroleum Authority (NPA), Mr Alhassan S. Tampuli, of their support towards his administration for a successful tenure. According to them, there is the need for more consultative meetings with the various …

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Upper Manya Kro opens Asamankese branch

Prof. Jonathan Aryeetey (holding mic), a former lecturer of the Department of Agriculture of the University of Ghana, Legon and shareholder of the Upper Manya Kro Rural Bank, and others look on while Mr James K. Otieku, Board Chairman, unveils the plaque for the opening of the bank’s Agency Office at Asamankese

MUNTALLA INUSAH | THE UPPER Manya Kro Rural Bank has opened a new branch at Asamankese, a suburb in the Lower West Akim Municipality of the Eastern Region, aimed at providing “first class services” to its customers. The inception of banking services was planned to coincide with the inauguration …

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We will support your Govt to succeed: UBA assures Akufo-Addo

President Nana Addo Dankwa Akufo-Addo with Tony Elumelu

THE CHAIRMAN of United Bank for Africa (UBA), Tony Elumelu, has assured the President of the Republic, Nana Addo Dankwa Akufo-Addo, of his bank’s support for the growth and development of the critical sectors of Ghana’s economy, as the government seeks to return the nation back onto the path of …

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Airtel Premier rewards customers in ‘Wo mmere nie’ promo

A customer, Tsey Edinam Kofi receiving his voucher from Dinah Coleman from the Airtel Premier team

AIRTEL GHANA, a Smartphone network, through its Airtel Premier sub-brand, is rewarding hundreds of customers with exciting prizes, as part of the company’s ongoing ‘Wo Mmere Nie’ recharge promo and in commemoration of Ghana’s 60th Independence anniversary celebrations. Airtel launched Ghana’s biggest recharge promotion in February to reward millions of …

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MTN Ghana to list on GSE this year

Mr Ebenezer Twum Asante, CEO of MTN Ghana

ROSEMOND BOATENG ADDAI | MANAGEMENT OF MTN Ghana,  a telecommunications company, say they hope to be listed on the Ghana Stock Exchange this year after it finalises the prospectus for approval by the Securities and Exchange Commission (SEC). Mr Ebenezer Twum Asante, Chief Executive Officer (CEO) of MTN Ghana, …

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Budget will collapse manufacturing companies – Isaac Adongo

Isaac Adongo, Member Of Parliament Bolgatanga Central Constituency

The Member of Parliament (MP) for Bolga Central, Mr Isaac Adongo, has noted that some policies and programmes in the 2017 budget would lead to the collapse of many local manufacturing companies in the country. Citing examples, he said the government’s decision to abolish some taxes such as the one …

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Akufo-Addo inaugurates MiDA Board

President Nana Addo Dankwa Akufo-Addo and members of the MiDA Board, including its chairperson, Prof. Yaa Ntiamoah Badu (middle, from row)

WILBERFORCE ASARE PRESIDENT NANA Addo Dankwa Akufo-Addo has charged the newly inaugurated 11-member Millennium Development Authority (MiDA) Board to make the implementation of the Compact II its topmost priority, ensuring that the targets of the Compact are achieved. The Board’s task, Akufo-Addo indicated, would be to permanently solve the debilitating …

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Economic fundamentals too weak to support 2017 budget proposals: IFS cautions

Dr Kwabena Duffuor, Founder and President of IFS

KOFI ENCHILL THE INSTITUTE for Fiscal Studies (IFS), a politically independent non-profit economic think-tank, has reviewed the 2017 Budget Statement and Economic Policy presented to Parliament by the Finance Minister, Mr Ken Ofori-Atta. According to the IFS, unless a more conducive fiscal and macroeconomic environment is created, the government’s ambitious …

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Cedi begins losing streak — GN Bank

GHANA’S CURRENCY, the Cedi, is likely to record high levels of depreciation during the year if the government does not clearly come out with a policy to manage the situation. In January the Cedi depreciated on average against the dollar 0.08% and 0.24% in February. During the first two week …

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