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  • Africa's richest man targets Arsenal bid

    August 18, 2017 10:20 AM 2

    Arsenal's biggest shareholder is American billionaire Stan Kroenke, who controls almost 67pc of the company. Earlier this year, Russian billionaire Alisher Usmanov, who already holds a 30pc stake, sought to buy out Kroenke in an offer that valued Arsenal at as much as £2bn. Dangote, 60, doubts he'd have trouble persuading Kroenke and Usmanov to sell. "Someone

  • Anthony Jordan is new MD for HFC Bank

    August 17, 2017 4:40 PM 3

    Banking In Ghana Anthony Jordan is new MD for HFC Bank This was contained in a statement issued by the Ghana Stock Exchange on Thursday (August 17, 2017). Le Hunte resigned to take up a Ministerial appointment in Trinidad and Tobago. Jordan as the new MD of the bank will supervise the rebranding of the HFC Bank to Republic Bank by the last quarter of 2017. He will also oversee

  • Displaced workers in UT, Capital banks need psychological insurance

    August 17, 2017 12:56 PM 3

    The Ghana Psychological Association says employees who may lose their jobs following the collapse of two Ghanaian-owned banks, need psychological and unemployment insurance benefits. In a statement to, the Association said providing these insurance benefits to the displaced workers will help reduce the financial and psychological implications

  • UT was riskiest bank on Stock Exchange – Study

    August 17, 2017 10:57 AM 2

    UT Bank was found to be the most at-risk bank in Ghana listed on the stock exchange, before its collapse, in a 2016 study by Eric Dei Ofosu-Hene of the University of Ghana Business School and Peter Amoh of FinRisk Solutions. The research (which can be found here) indicated that indigenous banks were more at risk than foreign owned banks, possibly, because

  • MTN rewards customers in ‘spin the wheel’ promo

    August 17, 2017 9:40 AM 2

    Two people, Mr Isaac Sarfo and Ms Linda Aryee, both won a brand new Hyundai i10, with Mr Isaac Senu, Mr Samuel Obeng Amoako, Mr Emmanuel Agudi and Mr Daniel Yaw Komafo winning trips to Dubai. Four people were awarded cash prizes ranging from GH₵1000 to GH₵ 2000 while 15 people were presented with 4G mobile handsets. The General Manager of MTN, Mr Noel Kojo-Ganson

  • Takeover of two banks good for financial stability – Bankers

    August 17, 2017 9:40 AM 1

    The renewed confidence in the sector should emanate from the BoG’s timely intervention which helped to safeguard depositors’ funds by preventing the collapse of the banks, the Chief Executive Officer (CEO) of the GAB, Mr D.K. Mensah, told the GRAPHIC BUSINESS on Tuesday. He was speaking to the paper a day after the BoG revoked the licences of UT Bank and Capital

  • Feature: Bank of Ghana and the making of Bruce Lee

    August 17, 2017 8:34 AM 1

    Yesterday I dreamt that Simpa Panyin was pushing a taxi up the McCathy Hill, with a number of enthusiastic crowd lined up, clapping in waiting for him, to touch the finished line. I was so pleased to see a 72-year-old man defiling all biological odds, and pushing a whole taxi, alone, up the hill. He pushed up, hard, and finally arrived to the crowd

  • Collapsed banks: Labour Minister to meet GCB over workers’ fate

    August 17, 2017 6:29 AM 1

    The Minister of Employment and Labour Relations, Ignatius Baffuor Awuah says he will meet the management of GCB Bank to discuss the fate of staff of the two collapsed banks next week. The Chief Executive Officer of the GCB Bank, Ray Sowah at a press conference on Tuesday said not all the staff of the former banks will be employed adding that even those

  • Inside the dramatic decision by corporate giants to rebuke Trump

    August 17, 2017 4:05 AM 1

    After President Donald Trump's incendiary comments last weekend about the violence in Charlottesville, the three female CEOs on his Strategic and Policy Forum helped get the ball rolling about appropriate responses. The question, as they saw it, was whether it was better to remain on the Trump forum, with the ability to influence the White House? Or did it make more sense

  • GCB assures excellent customer service after takeover of two banks

    August 17, 2017 1:20 AM 1

    The Managing Director of the GCB Bank, Anselm Ray Sowah, has promised customers an excellent service after taking over the portfolios of UT and the Capital Banks. Mr Ray Sowah was speaking at a press conference held at the GCB Bank head office in Accra a day after the regulator, the Bank of Ghana, made the announcement on the assumption of the management