The government has decided to suspend the launch of the Initial Public Offer (IPO) of the Agyapa Royalties deal on the London Stock Exchange (LSE). The Ministry of Finance has said it does not intend to proceed with the IPO ahead of the results of the corruption risk assessment by the Office of the Special Prosecutor. In a letter signed by a Deputy Minister of Finance, Mr Charles Adu Boahen, the government served the notice that it will not proceed with the IPO until the Special Prosecutor concludes ongoing corruption risk assessment on it. The government had planned to launch the IPO...
600 stimulus package applicants get assistance
The National Board and Small Scale Industries (NBSSI) has been inundated with compliant from businesses seeking assistance to complete their application processes in order to access the stimulus package. In an interview with the Graphic Business on October 3 in Accra, the Public Relations Coordinator of the NBSSI, Mr Kestine Owusu Poku, said the board received about 600 businesses that were seeking assistance to complete their applications process and those seeking update on their application process after it opened its doors to the public on October 2. Day out Dubbed, “NBSSI Day Out,” the event, held at the forecourt of...
2 Firms partner to improve insurance accessibility
An insurance firm, Hollard Ghana, has announced the addition of general insurance to its partnership with a retail outlet, Melcom Limited, following endorsement by the National Insurance Commission (NIC). Already offering Hollard life insurance products, the addition is to enable Melcom Limited to offer non-life insurance products to its shoppers at convenient Hollard on-the-go booths available in selected shops. A press release issued by Hollard Ghana on September 28 stated that the addition was to strengthen the insurance and retail industry’s pioneering partnership to widen insurance penetration and make it more accessible to many Ghanaians. The full array of insurance...
Guinness donates to curb spread of COVID-19
Guinness Ghana has donated prescribed safety tools worth GH₵692,000 to tourist and bar operators to support efforts by the government to curb the spread of the coronavirus disease (COVID-19) in the country. The amount went into veronica bucket distribution and educational posters to drive adherence to the COVID-19 safety protocol among others to keep tourist sites and bars as well as consumers safe. The Corporate Relations Director of Guinness Ghana, Ms Sylvia Owusu-Ankomah, who made this known to the media on October 2 in Accra, said the management of the pandemic required collaboration among stakeholders. “Our priority is the safety...
Workers urged to invest in Tier-3 pension scheme
The President of Civil and Local Government Staff Association, Ghana(CLOGSAG), Dr Evans Dzikum, has asked workers to make a deliberate effort to invest part of their earnings in the voluntary Tier 3 pension scheme administered by private entities. He said that was the surest way to what he described as a happy old age as majority of workers under the present pension scheme would be entitled to only a quarter of their current incomes during retirement. Save towards pensions Launching a new pensions fund by Hedge Pensions Trust (HPT) on Tuesday, September 29 in Accra, Dr Dzikum stated that the...
NBSSI helps create 21,892 new jobs
The National Board for Small Scale Industries (NBSSI) has facilitated the creation of some 21,892 new jobs in the last three and half years. It has also facilitated access to GH38.53 million as credit facility between January 2017 and March 2020 to 14,738 businesses out of which about 68.3 per cent are women owned and led businesses. It was made possible through interventions such as Coronavirus Alleviation Programme Business Support Scheme (CAP BuSS), COVID-19 Recovery and Resilience Programme for MSMEs, WIDU Project and Young Africa Works Project. Nation Building Updates The Executive Director of the NBSSI, Mrs Kosi Yankey-Ayeh, made this...
Cedi traders risk imprisonment – Bank of Ghana
The Bank of Ghana (BoG) has warned businesses and the public to desist from selling the country’s currency, the cedi, and pesewa coins or face prosecution. It said the act of giving a high value of the currency to people for lower values to meet their needs was illegal and punishable by summary conviction to a term of imprisonment not exceeding 10 years or a fine not exceeding 2,000 penalty units or both. In a public notice issued to the public yesterday, the central bank said any trading of the currency, regardless of the purpose, was criminal and, therefore, prohibited....