Ghana’s Minister of Justice and Attorney-General, Godfred Dame, addressed the 41st Cambridge Economic Crime Conference on September 2, highlighting the country’s robust measures to combat financial and economic crime. He emphasized that the primary motivation behind these crimes is the pursuit of illicit wealth and unfair advantages. To tackle this, Dame stressed the importance of...
Category: Business
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Finance Minister instructs Controller & Accountant-General to effect payment of GHC700m first tranche in asset mgt bailout
The Ministry of Finance, led by Dr. Mohammed Amin Adam, has initiated the release of GH¢700 million, the first tranche of an additional GH¢1.5 billion, to support the Securities and Exchange Commission (SEC) in bailing out remaining Asset Management Companies (AMCs), including Blackshield Fund Management Ltd. This move aims to alleviate the financial burden on...
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NPP’s Achievements Will Win Us Election – Akufo-Addo
President Nana Addo Dankwa Akufo-Addo has expressed pride in his administration’s achievements over the past eight years, stating that the New Patriotic Party’s (NPP) election strategy is built on its record of governance. Addressing the 13th Biennial/51st Annual Conference of the Methodist Church of Ghana in Kumasi, Akufo-Addo highlighted his government’s accomplishments in the economy,...
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NDC Slams Atta Akyea Over Mahama Insult, Demands Apology
The National Democratic Congress (NDC) has condemned Samuel Atta Akyea, Member of Parliament for Abuakwa South, for his derogatory comments about their flagbearer, John Dramani Mahama. Atta Akyea had called Mahama a “drunkard” and “alcoholic” during a rally on August 27, 2024. In response, NDC General Secretary Fifi Fiavi Kwetey issued a statement on August...
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GH¢10 Billion Invested in Road Infrastructure Since January – Finance Minister
Minister for Finance and Economic planning , Dr. Amin Mohammed Adam has asserted that the government as so far spent GH₵10 billion on road infrastructure from January, 2024 to June, 2024. At a press briefing on Thursday, August 29, Dr. Amin Mohammed disclosed that all road infrastructures commissioned this year, 2024 was full funded from...
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Bank of Ghana explains ‘Next of Kin’ in bank account operation
Bank of Ghana seeks to promote financial inclusion and, on that basis, encourages all citizens of legal age to own a bank account or mobile money account. As part of the Know-Your-Customer policy, during account opening, financial institutions require certain information from you (the customer) to be able to identify and contact you when the...
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Rationale for exhibiting the provisional voters register is to correct errors and omissions – EC tells NDC
The Electoral Commission (EC) has told the National Democratic Congress (NDC) that the purpose of exhibiting the provisional voters register was to make corrections. It is only after the corrections are made that the final register will be printed out for the elections, the Commission said. This has been the practice since 1992, it added....
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Cedi crosses GH¢16 mark against the dollar on retail market
The Ghanaian Cedi has crossed the GH¢16 mark against the US Dollar on the currency retail market. A survey conducted by the Citi Business News team at various forex bureaux and banks in Accra revealed that the dollar is being sold at rates ranging from GH¢15.95 to GH¢16.20. This development occurs as the International Monetary...
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No Peace Deal Until 2020 Election Violence Perpetrators Face Justice- Asiedu Nketiah
The National Democratic Congress (NDC) has reaffirmed its stance on not signing a peace agreement for the upcoming December elections unless the recommendations of the investigative committee on the 2020 electoral violence are implemented. Despite appeals from the Peace Council, NDC National Chairman Johnson Asiedu Nketiah emphasized during a campaign rally in Agormanya that the...
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Non-performing loans: Pay your debts – GCB Bank MD to Ghanaians
Managing Director of GCB Bank PLC, John Kofi Adomakoh, has expressed concern over the rising culture of loan defaults among Ghanaians, which he says is significantly contributing to the surge in non-performing loans (NPLs) within the banking sector. At its 119th Monetary Policy Committee press briefing, the Bank of Ghana disclosed that the industry’s NPL...