BoG reacts
GSE suspends trading of ADB shares
ADB confirms move but backs BOG
More acquisitions in the wind
The opinions of economic and banking analysts are divided over uniBank’s ‘takeover’ of the Agricultural Development Bank (ADB), while the Ghana Stock Exchange (GSE) on Wednesday suspended trading of ADB...
The Ghana Revenue Authority (GRA) has warned strongly that it will intensify its prosecutorial powers on businesses and persons who default in the payment of taxes after the expiration of a tax amnesty period this year.
The tax amnesty period expires after September 30, 2018, and the GRA is expected...
….in charge of 6 West African countries
United Bank for Africa (UBA) Plc has announced the appointment of Mrs. Abiola Bawuah as new Regional Chief Executive Officer (RCEO) in charge of six African countries. The new appointment, which takes effect from 1st March 2018, will see her overseeing the...
Vodafone Ghana Foundation’s homecoming initiative, a corporate social responsibility activity of the telecommunication firm, has cleared medical bills for 300 patients who were unable to pay for their services at the Korle-Bu Teaching Hospital (KBTH).
The gesture, which forms part of Vodafone’s activities to mark Ghana’s 61st Independence Day anniversary,...
Minister for Foreign Affairs and Regional Integration, Shirley Ayorkor Botchwey on Wednesday, admitted that Ghanaians were involved in trafficking fellow Ghanaians in Libya.
She told Parliament about how some Ghanaians are involved in the trafficking and exploitation of other Ghanaians through the setting up of camps along the routes across...
When it comes to social insurance provision in Ghana, the National Health Insurance Scheme (NHIS) is the jewel in the crown. The scheme, which guarantees health care that is free for most conditions at the point of delivery, benefits roughly 40 percent of the population. In contrast, the SSNIT...
The Ghana Stock Exchange (GSE) has suspended trading in the shares of ADB with effect from today Wednesday, March 07.
A statement from the exchange said, “the suspension is to allow the GSE clarify the news on a purported take-over of ADB”
“With reference to section 7 of the GSE Automated...
The Ghana Mineworkers Union (GMWU) has served notice it will embark on a full-blown strike by Tuesday March 27, 2018, if the government does not call mining giant Goldfields to order.
Per the unions directives which is contained in a statement which was copied to the B&FT, prior to the...
In an unexpected move that could be the beginning of a restructuring of the local banking space, a consortium of financial institutions that control majority shares in agric-focused bank, Agricultural Development Bank (ADB), have pledged their shares, proceeds, entitlement and voting rights to uniBank, a leading local bank.
The consortium,...
The Ghana Mine Workers Union (GMWU) has filed an appeal at the Court of Appeal and a stay of execution pending its hearing after an Accra High Court last Friday dismissed an interlocutory application by the union to stop a planned redundancy exercise by mining giant Goldfields Ghana Limited.
The...