Business News

Yale President lauds African women

President of the University of Yale, Peter Salovey has lauded African women leaders who have played various developmental roles in their organizations.

According to him, economic development moves faster when women take the lead.

Mr. Salovey encouraged governments to uphold women rights and development.

Speaking at the Yale Leadership Forum in Accra, Mr. Salovey said women should continue to take advantage of leadership positions to propel economic development.

We’re not establishing military base in Ghana – US Embassy

The United States Embassy in Ghana has denied reports that the US government is planning to establish a military base in Ghana.

It said it is only planning joint security exercises with Ghana, which will require that US military personnel are allowed access to Ghana’s military facilities.

We are open to acquiring or merging with another Bank - Stanbic Bank

Stanbic Bank has indicated its preparedness to acquire another bank as a growth strategy. 

The Head of Corporate and Investment Banking of Stanbic bank, Kwamina Asomaning disclosed to JoyBusiness on the sidelines of the Graphic Business/Stanbic Bank Breakfast Meeting in Accra, on the theme: "Liquidity and Solvency Management-Boosting the Health of the Banking sector in Ghana" held in Accra. 

UK High Commissioner targets private sector growth to boost ties

The British High Commissioner to Ghana, Ian Walker, is hoping to ensure more private sector investment during his tenure in Ghana.

This will be part of attempts to strengthen the partnership between Ghana and the UK as well as aligning with the Akufo-Addo administration’s focus on the private sector, he said on the Citi Breakfast Show.

The Commissioner said the reason he was keen to come to Ghana was the strong relationship between Britain and Ghana.

Tema: 96,000 homes cited for illegal electricity connections in 2017

The Manager in charge of Revenue Protection at the Tema Regional office of the Electricity Company of Ghana (ECG), Madam Cynthia Kyei Gyamfi has announced that about 96, 000 houses within Tema engaged in various forms of illegal connection last year.

She added that within the same period 97 customers were prosecuted and billed to pay for the power that had been stolen.

Solar companies equipped, ready to aid the President – SPS CEO

The CEO of Strategic Power Solutions (SPS), Ofori Boateng has stated that Solar companies in Ghana are ready and equipped to partner government meet its proposed solar energy goals.

Ghanaian-based SPS is the largest Solar PV Module manufacturers in West Africa.

The CEO’s comments comes on the back of the recent statements by President Nana Addo Dankwa Akufo-Addo at the International Solar Alliance (ISA) Summit over the weekend, that Ghana intends to increase solar energy drastically by 2030.

Sack feuding factions at Winneba University– UCC Pro Vice-Chancellor urges govt

The Pro Vice-Chancellor of the University of Cape Coast, George Kwaku Toku Oduro, is recommending to the government to dissolve the governing Council of the University of Education, Winneba and also remove the acting Vice Chancellor of the University from office.

Royal Caribbean vessel set to operate in Ghana

Royal Caribbean International, a world-renowned cruise line brand, has officially launched its presence in Ghana.

Voted the best cruise line in the Caribbean for 15 years in a row, the cruise vessel is set to embark and disembark passengers at the Tema and Takoradi ports.

Ridge Passport Office resumes operations, clears backlog

Ghanaians waiting to receive their passports can now heave a sigh of relief as the Ridge Passport Office has resumed operations.

The facility was closed down last week due to an electrical fault which affected some printers.

Citi News’ sources, however, indicated that the printers are fully functional now.

Revenue target of GH¢ 39.8bn achievable — GRA Commissioner-General

The Commissioner-General of the Ghana Revenue Authority (GRA), Mr Emmanuel Kofi Nti, has indicated that the authority’s revenue target of GH¢39.8 billion is achievable.

It raked in GH¢ 32.3 billion last year, registering a shortfall of GH¢1.1 billion.

The figure, however, represented a nominal growth of 22.3 percent over the 2016 collection and was the GRA’s best performance in the past five years.

He was speaking at the opening of the annual management retreat of the GRA in Kumasi.

“Transforming revenue mobilisation strategies: the way forward,” was the theme chosen for the two-day programme.

Report: SSNIT Board failed to ensure accountability in failed $147m project

The Board of the Social Security and National Insurance Trust (SSNIT) has been faulted for failing to demand accountability leading to wanton mismanagement of pension funds in a $147m ICT project that is partially faulty.

Re-introduce agric studies – Experts urge gov’t

Agricultural scientists across the country are calling on the government to revive the interest of agriculture in the youth by incorporating the subject into the curriculum of basic, secondary and tertiary institutions like it used to be.

Shalom Moringa Products