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15 million Ghanaians now have bank accounts – Bawumia

Following the successful implementation of Mobile Money Payment Interoperability by the Nana Addo Dankwa Akufo-Addo government, about 15 million Ghanaians essentially have bank accounts, Vice President Dr. Mahamudu Bawumia has said. Addressing the youth wing of the governing New Patriotic Party(NPP) in Accra on Wednesday, 12 August 2020, Dr Bawumia explained that with the triangular …

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Parliament approves 598.7 million Euros for Western railway lines

Parliament has approved a total of 598.7 million Euros loan agreement between the Government and the Deutsche Bank to finance the construction of sections of the Western railway lines. The agreement covers the proposed construction of the Standard Gauge from Takoradi Port to Huni Valley. The loan comprises a facility agreement …

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Banks forfeit GH¢102m 2020 profit

The Ghana Association of Bankers (GAB) has estimated that about GH¢102million has been forfeited by commercial banks in the country through various measures they have introduced to give some relief for customers due to impact of Coronavirus pandemic on the country. According to the association, all 23 universal banks in …

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No salvaged car importation into Ghana from November 1, 2020

The law banning the importation of salvaged vehicles into Ghana comes. into effect on November 1, 2020. Shipping agents, Importers and freight forwarders were therefore advised to properly counsel their clients on importing such vehicles to Ghana and its consequences. Parliament, in March, passed the Customs (Amendment) Bill, 2020 an …

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Cedi gains against the US dollar – IES

The Institute for Energy Security (IES) has noted that figures collated by its economic indicate that the cedis appreciated against the US Dollar by 0.35 per cent. This, according to the IES, affected crude oil prices to remain fairly stable over the period. Raymond Nuwokoor, Research and Policy Analysts at …

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Ken Ofori-Atta speaks on Osafo-Maafo & A-G’s $1m Kroll saga

Finance Minister, Ken Ofori Atta has waded into Attorney General’s fight with Senior Minister, Osafo-Maafo over the Kroll contract. Senior Minister Yaw Osafo-Maafo is in a court battle with the office of the Attorney General over a $1million Kroll contract. Mr Yaw Osafo-Marfo and four other officials from the Ministry of Finance …

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Government okays Kantanka Group’s automobile operations

Finance Minister, Ken Ofori-Atta, has revealed that the government has “formally granted the Kantanka Group a licence to continue its auto assembly operations in Ghana.” The Kantanka Group, an indigenous automobile assembling company in Ghana, Mr Ofori-Atta intimated, will also be a beneficiary of the Ghana Automotive Manufacturing Development Policy, which, …

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