Brazil on Friday began closing down more than 2,000 betting sites, including those that sponsors popular football team Corinthians and other first division clubs, as part of a push to regulate online gambling. Latin...
A businessman, Collins Darkwah Aboagye, has accused the Board Chairman of the Agricultural Development Bank (ADB), Daasebre Akuamoah Agyapong II (Kwahumanhene), of extorting a significant sum of money from him in exchange for securing...
China’s Zijin Mining Group has reached an agreement to purchase the Akyem Gold Mine in Ghana from Newmont Corporation for $1 billion, marking a significant shift in ownership for the gold-rich asset. The deal...
The Public Utilities Regulatory Commission (PURC) has announced a 3.02% increase in electricity tariffs and a 1.06% rise in water tariffs for the third quarter of 2024, effective from October 1. In a statement...
The value of the local currency – the cedi – has fallen against all its major trading currencies according to the latest Bank of Ghana report. The September 2024 Summary of Economic and Financial...
Mr. Mahama tendered his resignation after two years in office as managing director of the company having faced several controversies. His resignation letter addressed to the board of the ECG gave two weeks notice...
The Adentan Circuit Court has ordered Bolt Holdings OU to pay GH₵1.9 million in compensatory damages to Justice Noah Adade, after he discovered his name and photo listed as the driver responding to his...
Consolidated Bank Ghana Ltd (CBG) has denied reports circulating on social media claiming that the bank has been sold. In a press statement, CBG emphasised that there has been no change in ownership and...
The year 2023 saw an increase in staff involvement in fraudulent activities recorded in Banks and Specialized Deposit-Taking Institutions (SDIs) across Ghana. The number, which stood at 188 in 2022, rose to 274 which...
Despite the stringent measures adopted by the Bank of Ghana (BoG) to help check the upsurge of fraud within the banking sector, the number of such cases continues to rise. Data collated from the...
Brazil on Friday began closing down more than 2,000 betting sites, including those that sponsors popular football team Corinthians and other first division clubs, as part of a push to regulate online gambling. Latin America’s biggest economy is struggling with what Finance Minister Fernando Haddad has called a betting...
A businessman, Collins Darkwah Aboagye, has accused the Board Chairman of the Agricultural Development Bank (ADB), Daasebre Akuamoah Agyapong II (Kwahumanhene), of extorting a significant sum of money from him in exchange for securing a 12 million Ghana Cedis loan for his company, Prabhat Trading Limited. In a petition...
China’s Zijin Mining Group has reached an agreement to purchase the Akyem Gold Mine in Ghana from Newmont Corporation for $1 billion, marking a significant shift in ownership for the gold-rich asset. The deal reflects Newmont’s continuing effort to streamline its portfolio and concentrate on its highest-performing operations. As...
The Public Utilities Regulatory Commission (PURC) has announced a 3.02% increase in electricity tariffs and a 1.06% rise in water tariffs for the third quarter of 2024, effective from October 1. In a statement released on Saturday, September 28, the PURC explained that the adjustment was necessary due to...
The value of the local currency – the cedi – has fallen against all its major trading currencies according to the latest Bank of Ghana report. The September 2024 Summary of Economic and Financial Data by the Bank of Ghana puts the depreciation of the cedi against the dollar...
Mr. Mahama tendered his resignation after two years in office as managing director of the company having faced several controversies. His resignation letter addressed to the board of the ECG gave two weeks notice citing personal reasons for the resignation and thanked the board for the working relationship. But...
The Adentan Circuit Court has ordered Bolt Holdings OU to pay GH₵1.9 million in compensatory damages to Justice Noah Adade, after he discovered his name and photo listed as the driver responding to his own ride request. The case, presided over by Judge Sedinam Awo Kwadam, was heard on...
Consolidated Bank Ghana Ltd (CBG) has denied reports circulating on social media claiming that the bank has been sold. In a press statement, CBG emphasised that there has been no change in ownership and that the government of Ghana remains the sole shareholder. The bank described the rumours of...
The year 2023 saw an increase in staff involvement in fraudulent activities recorded in Banks and Specialized Deposit-Taking Institutions (SDIs) across Ghana. The number, which stood at 188 in 2022, rose to 274 which represents a percentage increase of forty-six per cent (46%). This is according to the 2023...
Despite the stringent measures adopted by the Bank of Ghana (BoG) to help check the upsurge of fraud within the banking sector, the number of such cases continues to rise. Data collated from the three sub-sectors -banks, Special Deposit-Taking Institutions (SDIs) and Payment system platforms (PSPs)- indicated that overall,...
