Gov’t signs MoU with Russia for rail project

July 13, 2017 Source: Norvan Acquah – Hayford/thebftonline.com/Ghana Parts to be manufactured locally 20 factories to be constructed 40,000 jobs to be created Russian Railway Company, Geo Services, has signed a Memorandum of Understanding (MoU) with the Ghana’s Railway Ministry for the construction of gov’ts proposed Accra-Paga railway line and other truck rail routes. The […]

Continue Reading

Gov’t targets VIP aircraft hub as demand for VIP services grow

July 13, 2017 Source: Dominick ANDOH/thebftonline.com/Ghana Ghana is seeking to create the right aviation environment to be a hub for private jets and VIP aircraft seeking an ideal location in the sub-region from which to easily reach other parts of the world, refuel or stock up food supplies, Ms. Cecilia Dapaah, Minister for Aviation has […]

Continue Reading

OmniBank grabs award at Shippers Awards

July 13, 2017 Source: thebftonline.com/Ghana OmniBank has chalked another success by winning the Product Innovation Award at the 2017 Ghana Shippers Awards. The bank took home the award for its OmniCargo product customized for the shipping industry. With this product, importers are offered credit to meet their emergency needs with additional warehousing facilities. A statement […]

Continue Reading

Ecobank contributes GH¢190,000 to CSR projects

July 13, 2017 Source: thebftonline.com/Ghana Ecobank Ghana, through the Ecobank Foundation, has made donations to four institutions and 30 medical students, all amounting to over GH¢190,000 as part of its corporate social responsibility for the year. The donations were made at a brief ceremony held at the bank’s head office in Accra. The Children’s Heart […]

Continue Reading

Investors express ‘tremendous interest’ in Prampram aerotropolis

The Minister of Aviation, Cecilia Dapaah, has disclosed that investors from China, the United Arab Emirates, and Turkey have expressed strong interest to partner government in the development of a world-class airport at Prampram in the Greater Accra Region. The government acquired a 60-acre land in 1974 to construct the airport but the project has […]

Continue Reading

Low income earners may struggle if inflation goes higher than 10% in 2018

Employees who will earn 9.68 cedis or lower per day must hope for a single digit inflation in 2018 or face dire economic situation. According to the Secretary General of the Trades Union Congress, Dr Yaw Baah the ten per cent minimum wage increase announced yesterday was fixed with an expected single digit inflation in […]

Continue Reading

Zenith Bank chases Balkan Energy’s US$12m judgement debt

July 12, 2017 Source: Benson AFFUL/thebftonline.com/Ghana Zenith Bank has filed an application in an Accra High Court seeking an order to compel the Bank of Ghana to pay them the US$12million judgement awarded to Balkan Energy by an international tribunal against the Government of Ghana. The court has subsequent begun garnishee proceedings, an application which […]

Continue Reading

Gov’t urged to review corporate taxes on rural banks

The chairman of the Board of Directors of the Ahantaman Rural Bank Limited, Vincent Blaychie Essien, has said the imposition of high rate of corporate taxes on rural banks is gradually affecting the operations of most rural banks in the country. He said, per their mandate, rural banks were supposed to alleviate poverty and build […]

Continue Reading

Switzerland supports Ghana with $80 million

Switzerland has earmarked an amount of $80 million to support the enhanced competitiveness of Ghanaian enterprises in the global market space, as well as help in government’s efforts at diversifying the Ghanaian economy. Ghana has been classified by Switzerland’s State Secretariat for Economic Affairs (SECO) as a priority country for economic development, resulting in the […]

Continue Reading

Express Capital now Direct Savings and Loans

Express Capital Microfinance Ltd, an indigenous second tier banking institution which was incorporated in 2012, has rebranded into Direct Savings and Loans Ltd. The mission of Direct Savings and Loans Ltd is to become a dynamic financial service provider, creating and sustaining wealth for our clients while being committed to delivering excellent returns for our shareholders […]

Continue Reading