Is the Energy Sector Levies considered a bailout of banks in Ghana?

As noted in my recent article titled “Poor credit practices leading to high NPLs in Ghana”, I concluded that the primary cause of default for energy-related SOE and BDCs debts is due to the banks irresponsible credit decision. In this article, I will like to expand on the above-referenced article and demonstrate to you that […]

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National Development Bank, a merger of 2 existing financial institutions?

Government has ruled out the creation of a new financial institution despite proposing the establishment of a new National Development Bank. Finance Minister Ken Ofori-Atta in the 2018 budget announced the launch of a National Development Bank with the capacity of mobilising private capital towards agricultural and industrial transformation, among others. According to him, a […]

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Activa International wins Insurance Company of the year award

Activa International Insurance Company Ghana Limited (AIIG) has been awarded Insurance Company of the Year at the Ghana Accountancy and Finance Awards 2017. Managing Director of Activa Insurance Mr. Solomon Lartey expressed great appreciation to the awarding board for the recognition given to his company. He said ‘we have been in our little corner doing […]

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Petrosol’s finance team awarded best Finance Team in Oil and Gas sector

Petrosol’s finance team has been adjudged the Accounts and Finance Team of the Year 2017 (Oil and Gas Sector) at the maiden Ghana Accountancy & Finance Awards (GAFA). The award was in recognition of the company’s commitment to professionalism, financial discipline and adherence to fulfilling its financial obligations. The event was held at the Movenpick Hotel in […]

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Recapitalisation and then what next?

Banks and their customers will need to transform to make the recapitalisation exercise worthwhile. “The wheel always turns” is a popular cliché that aptly describes the cyclical nature of the credit and business markets. It also describes one of life’s truths, in that many a time, you find yourself in the exact same place as […]

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Ghana risk losing vital records – Origin8 CEO

Ghana is at serious risk of losing its vital documents at the Public Records and Archives Administration Department (PRAAD) due to the deplorable state of the storage facility, lack of maintenance and resources to manage the department. Documents at the department are gradually decaying due to lack of proper storage as well as lack of […]

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Ghana loses 318,514 tons of maize to post-harvest losses – Study

Ghana loses about 318,514 tonnes of maize annually to post-harvest losses according to a 2016 study by Dr Bruno Tran, an expert in post-harvest losses management with the Africa Post-Harvest Losses Information System (APHLIS). This figure represents 18 percent of the country’s annual maize production and Northern Region is the largest contributor with 20,411 tonnes […]

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Association of Ghana apparel manufacturers launched

The Association of Ghana Apparel Manufacturers (AGAM), a business network and advocacy organization for the Ghanaian apparel business, was launched in Accra on Thursday.  The launch was performed by the Trades Minister of Trade and Industry, John K. Alan Kyerematen and will be attended by key players in the apparel industry.   The event was under […]

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China leads in project investments in Ghana – GIPC report

From January to September 2017, China was the leading source of investments in terms of project numbers in Ghana. It registered 25 projects. India and the United Kingdom followed with 19 and 13 projects respectively, according to the third quarter report by the Ghana Investment Promotion Centre (GIPC). On the other hand, with Foreign Direct Investment (FDI) […]

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