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Fraud loss to banks, special-deposit institutions up by 144%

The total value of attempted fraud reported by Banks and Specialised Deposit–Taking Institutions (SDI) for the year 2021 has amounted to GH¢113 million, as compared to GH¢1billion reported in 2020. Out of this amount, a loss of GH¢61million was recorded, as compared to a loss of GH¢25 million in 2020, …

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Don’t approve utility tariff increases – TUC tells PURC

The Trades Union Congress (TUC) has entreated the Public Utilities Regulatory Commission (PURC) not to approve the proposed tariff increases presented by the utility companies. According to the union, the country is in challenging times and so any astronomical increase in tariffs could trigger social upheavals. The TUC made it’s …

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US$50 million Judgement debt looms as Chinese company sues Ghana in London

Chinese company sues Ghana government in London court Company reportedly demanding in excess of US$50 million Government abrogates Beijin Everyday contract and hands it over to Huawei Member of Parliament for Adaklu, Kwame Governs Agbodza, has cautioned that government risks attracting a judgment debt over the abrogation of an international contract involving a …

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Majority Leader commends Dzata Cement for bold initiative

Majority Leader, Osei Kyei-Mensah-Bonsu has commended the management of Dzata Cement Limited for the bold initiative to enter the cement manufacturing industry which has been a monopoly in the country. “Thus far we are most impressed with what we have seen, and the efforts being made to expand the cement …

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TOR to negotiate lease agreement for crude oil refining

The Tema Oil Refinery (TOR) has been given the go-ahead by the Government through the Minister of Energy to refine crude oil with a private investor, Decimal Capital Limited. Announcing this in a statement copied to the Ghana News Agency in Tema, the Management of TOR said Decimal’s proposal emerged …

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Here are 4 business etiquettes to help sustain your start-up

COVID-19, Russia-Ukraine war affecting businesses Avoid giving out discounts at the start of your business, here’s why Why a good management structure is important for your business Following the outbreak of the global pandemic – Coronavirus and the recent Russia-Ukraine war, businesses across the globe have suffered its rippling effects. …

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