News

Vodafone makes two senior management appointments

Vodafone Ghana has announced two key Senior Management appointments as it continues to chart a leadership course in innovation and creativity across the Telecommunications landscape. Following its entry into the industry, Vodafone has been at the forefront of a transformational agenda, introducing dynamic products and services for customers and maintaining a key voice in thought-leadership. The appointments are to provide ...

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Equity market post mixed results

Equity market indices posted mixed performances, with the index for the financial sector weighed on by speculative actions, profit talking and heightened uncertainties ahead of the deadline for the new minimum capital requirements for banks. The benchmark index, on the other hand, surged on the back of the price advancement in the heavy capitalised telecommunication stock. At the closing bell ...

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Exciting times await banking sector in 2019 — PwC

In spite of what many experts have described as a big turmoil in the financial services sector, PricewaterhouseCoopers (PwC) is predicting exciting times for the banking industry next year. To be driven by digitisation, the international auditing firm is optimistic that the sector, which is now reeling under some serious challenges, will experience growth and exciting innovations, basing its argument ...

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Bank fraud up by 42% in just a year – BoG

Between 2016 and 2017, fraud cases in the banking sector increased by 41.66 per cent from 1,002 cases in 2016 to 1,418 cases in 2017, the Bank of Ghana (BoG) has disclosed. The total value reported for fraud or attempted fraud, according to the BoG amounted approximately to GH¢190.4 million. Of the total value, GH¢160.30 million, representing 84 per cent, ...

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INFLATION RATES FOR AUG 2018: IMPLICATIONS FOR YOU AND ME

Inflation is generally the increase in the overall prices of goods and services within a region or area. When there is inflation purchasing power reduces. Purchasing power deals with the ability of the financial resources a person has to purchase a certain amount of goods or acquire certain services. Simply put, in times of inflation you cannot buy the same ...

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Wives have equal share in husbands’ properties even if they contribute nothing towards acquiring them – Lawyer

At a glance: All properties acquired by a husband technically belong to their wives too You cannot will a family land to your children even if you have properties on them because you only have “life interest” in them and not a “succession interest” – your interest ceases when you die When you develop a family property that is not shared among ...

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I Was Chased Away By Bread Sellers In the Central Region – CEO of A1 bread

The Chief Executive Officer of A1 Bread, Godfried Obeng Boateng has revealed that he was chased away from the Central region by some local bread sellers. According to Mr. Obeng Boateng, members of the Cape Coast Bakers Association and their distributors were uncomfortable with his decision to introduce A1 in Cape Coast and decided to chase his distributors away. The ...

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CURRENCY DEPRECIATION: ONE REASON WHY YOU MUST BE CONCERNED

There are many things that are of prime concern for every nation. Currency depreciation is one of such. The implications of this situation can be beneficial and, in some cases, can be detrimental for any economy. For example, the recent currency depreciation that were experienced by Turkey and Argentina has greatly disturbed these two economies. To explain further, Consumer News ...

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Draw Lessons From Elsewhere To Revamp Banking Sector — Seth Terkper

Former Finance Minister, Mr Seth Terkper, has stressed the need for a review of the country’s banking laws to incorporate same practices as used in other advanced countries. “We need to make the necessary regulatory corrections and necessary statutory corrections, insist on proper oversight resposibilities by Parliament, and explore the possibility of placing the non-bank financial sector under a financial ...

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Ghana Revenue Authority To Undertake Excise Tax Stamp Enforcement

The Ghana Revenue Authority (GRA) says its enforcement task force teams will soon conduct unannounced inspection visits to enforce compliance of the Excise Tax Stamp Act. A statement issued by the Commissioner-General of the GRA said, products without the Tax Stamp would be detained and or seized and applicable sanctions imposed. The Act requires that Excise Tax Stamp be affixed ...

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