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GWCL to ration water as dry season affects supply

Water supply in most parts of the country will soon be rationed to ensure equitable distribution. According to the Ghana Water Company Limited, they are experiencing some challenges with water supply in Accra and most parts of the country due to the onset of the dry season, and that “the …

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Government to revive collapsed cashew factories

Government has, as part of its industrialisation drive, outlined measures aimed at reviving all collapsed cashew processing factories in the country. Key among the steps is a joint effort by the Ghana Export Promotion Authority (GEPA) and the Exim Bank to offer financial support for the retooling of troubled factories …

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All 216 districts to participate in 22nd International Trade Fair

The 22nd edition of the International Trade Fair, slated for February 28 to 7th March 2018, is expected to host all 216 districts across the country to showcase indigenous products and services as well as network with foreign partners. For the first time in the history of the fair, the …

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BoG urges consolidation

After revoking two banking licences, the central bank appears not satisfied with the numbers, still, as it has come open and is “urging” mergers among the particularly undercapitalised local banks. To meet the new GH¢400 million minimum capital required of them, the banking sector regulator is “urging small and undercapitalised …

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Ghana’s housing crisis: Cost of land up by 450% in 13 years

For years Ghana has been battling with finding a solution to its housing challenges. Figures from players in the housing sector show Ghana’s housing deficit ranges from 1.7 million to 2 million. Despite moves by successive Governments and the private sector to reduce the deficit, it appears the multiplicity of …

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BoG announces policy rate today

The Governor of the Bank of Ghana, Dr. Ernest Addison is today [January 22, 2018] expected to announce the central bank’s policy rate for commercial banks for the next couple of months. It follows the completion of the Monetary Policy Committee (MPC’s) annual meetings to review the Ghanaian economy. Today’s …

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Stanbic Bank employee beaten to death for urinating in public

An employee of Stanbic Bank has been beaten to death by some security guards after he was spotted urinating at a car park in Kenya. The deceased, identified as David Wokabi, was brutally assaulted by four Solvit security guards after he reportedly eased himself at a parking lot. The disheartening …

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Embrace technology to challenge Uber – Titus Glover urges MMDAs

A deputy Minister for Transport, Daniel Titus-Glover has urged local assemblies to adopt technology in the management of transport within their respective jurisdictions. According to him, the advent of Uber and other taxi-hailing companies presents tough competition that puts traditional taxi businesses at risk, particularly if they fail to embrace …

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Over GH¢780m saved from sole sourcing – Nana Addo

The Akufo-Addo administration says it has saved about GHc 782 million from sole sourcing and restricted tendering processes within its first year in government. This is in sharp contrast to the zero savings made from sole sourcing in 2016 under the National Democratic Congress, according to figures from President Nana …

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Bank of Ghana wants banks to improve risk management systems

The Bank of Ghana has called on banks to improve the quality of their risk management system, corporate governance and internal control practices. Special Advisor to the Governor, Mrs Grace Akrofi, said with the implementation of sound risk management practices, banks would be able to access and set aside the …

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