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1-10 results from 1000 for query «business»

May 4, 2018 1:07 PM ESLA pays GHc500m interest to investors

Managers of the ESLA bond, have paid an estimated 228 million cedis as first gross interest payments to investors who bought into the 7 year bond of the six billion cedis energy sector bond. The bond, which formed part of the first tranche of the issuance, attracted an interest rate of 19 percent. A statement from ESLA and copied to Citi Business News said, “Managers 115

March 29, 2018 2:02 PM Barclays Bank Ghana posts GH¢386m in profits in 2017

Barclays Bank Ghana is confident of sustaining its profits and contribution to the new ABSA brand from this year onwards. The Bank’s optimism is premised on its performance for last year (2017) where it recorded a profit after tax of 386.17 million cedis. The Finance Director at Barclays Bank Ghana, Antoinette Kwofie disclosed this plan when she engaged 151

March 26, 2018 11:46 AM Egypt elections: Favourite Sisi seeks high turnout in polls

Egyptians began voting on Monday in a presidential election set to deliver an easy win for incumbent Abdel Fattah al-Sisi, with turnout the main focus after all serious opposition withdrew complaining of repression. Polling stations will be open for three days and Sisi, a former military commander, has urged Egyptians to vote, hinting that he sees the election 21

March 25, 2018 2:10 PM Tim Cook calls for stronger privacy laws after Facebook scandal

Tim Cook looks at Facebook’s messy Cambridge Analytica affair as something of a wake-up call. The Apple CEO has largely kept quiet on privacy issues since Facebook’s troubles sprung up last week. That’s when we learned that the political consulting firm Cambridge Analytica quietly, deceptively gathered data belonging to more than 50 million Facebook 34

March 23, 2018 5:35 AM CAL Bank records GH¢145m profit in 2017

CAL bank has posted a profit after tax of 145.2 million cedis for 2017. This is a significant improvement over the previous year’s figure of 7.2 million cedis. Despite this, the bank still acknowledges the impact of the legacy debts in the energy sector on its loan books. In the first of Citi Business News’ series of report on the performances of the listed 18

March 21, 2018 4:32 PM Ghana-Namibia Friendship Association salutes Namibia on its 28th Independence Day

The Ghana-Namibia Friendship Association (GNFA) has described as inspiring the strides made by Namibia as the country marks its 28th independence day today. Namibia which gained self-rule from South Africa in 1990 remains one of Africa’s youngest nations, yet is counted among the most promising. In a statement to commemorate the independence anniversary 24

March 21, 2018 1:50 PM Probe into UT, Capital Banks’ collapse not yet complete – Elsie Awadzie

The second deputy of Bank of Ghana, Elsie Awadzie has stated that the Bank of Ghana (BoG) is yet to complete investigations to ascertain whether the activities of the top officials of UT Bank and Capital Bank led to the collapse of the two financial institutions. According to her, once the takeover of the two banks was confirmed, the BoG immediately 21

March 21, 2018 6:00 AM Groupe Ndoum to help rural banks meet BoG capital requirements

Multinational Family Holding Business, Groupe Ndoum has promised to bail out rural banks that are unable to meet the Bank of Ghana’s minimum capital requirement of GHc 1 million cedis. The Chief Executive Officer (CEO) of Gold Coast Fund Management, Kwame Asumaning gave the assurance at the Northern Ghana sector Rural Banks Seminar in Tamale. “GN Bank is ready 22

March 20, 2018 7:37 PM Suhum: Prostitutes ‘protect’ brothel, chase away Tourism Authority officers

Workers of the Eastern Regional Tourism Authority were chased away by some alleged sex workers from a brothel at Kotokoli Zongo in the Suhum municipality after they tried to gain access to the structure. The officers from the Tourism Authority, who had gone to the makeshift structure in a bid to ascertain whether the facility was being used as a brothel 25

March 20, 2018 4:39 PM KPMG takes over management of uniBank

The Bank of Ghana has announced that it has appointed audit firm, KPMG as administrator for uniBank. This means that the central bank has taken over the assets and management of uniBank. The Governor of the Bank of Ghana, Dr. Ernest Addison says uniBank is currently insolvent. Addressing a press conference in Accra, Dr. Ernest Addison stated that KPMG has been appointed 23