Business

A 23-year-old small-scale miner, Ahmed Abdul Rahaman, has been fined GH¢12,000 or, in default, faces a six-year jail term after tricking two mobile money vendors into transferring a total of GH¢8,000 into his account under false pretences.…
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The Governor of the Bank of Ghana (BoG), Dr. Ernest Addison, has categorically ruled out the possibility of reinstating any revoked banking licenses during his tenure. This decision, he asserts, is rooted in extensive reviews that…
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President Nana Addo Dankwa Akufo-Addo has reaffirmed that his administration’s 2017 banking sector cleanup was a critical move to protect Ghana’s financial stability and not driven by personal motives. Delivering his final State of the…
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GCB Bank has announced the temporary closure of its Liberty House Branch in Accra due to a fire outbreak at the Katamanto market earlier today. The decision has been made to prioritise the safety of bank staff, customers, and assets.…
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The Ghana Stock Exchange (GSE) wrapped up 2024 with a strong showing, marked by a 56.17 percent year-to-date (YTD) increase in the Composite Index and a 25.20 percent year-to-date (YTD) rise in the Financial Stock Index.  These figures…
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With just hours left in 2024, many Nigerians are grappling with a severe cash shortage as most Automated Teller Machines (ATMs) across Lagos remain out of service. This has forced residents to rely heavily on Point of Sale (PoS)…
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The Ghana cedi strengthened against the US dollar, euro, and British pound last week as seasonal demand for foreign currency appeared to subside, easing pressures on the local currency. In the latest foreign exchange auction, the Bank of…
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Leading microinsurance company aYo Intermediaries Ghana Limited (aYo Ghana), in collaboration with Lions Club, DrugNet, and SoffLife, provided food, clothing, medicines, and health screening worth thousands of Ghana cedis to residents of…
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The Africa Prosperity Network (APN), the continent’s leading organisation dedicated to advancing the African Continental Free Trade Area (AfCFTA) and Africa’s single market, has announced the appointment of Sidig Faroug El Toum as Chief…
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The State of Libya has officially acceded to the African Export-Import Bank (Afreximbank) Establishment Agreement, becoming the 53rd member state. This milestone marks a significant step toward full continental coverage and reinforces…
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