Thursday, April 2, 2020

Effah replaces Yamson as Unilever board chairman

The Group CEO and chairman of the Fidelity Group, Mr. Edward Effah, has been appointed chairman of the Board of Directors of Unilever. His appointment took effect on November 1, 2016. He replaces Mr. Ishmael Yamson,...

We’ll deal with MMM Ponzi scheme swiftly – BoG

Ghana’s Central Bank has given a strong indication it will deal swiftly with the operations of a Ponzi financial scheme called the Mavrodi Mondial Movement popularly known as MMM. The scheme was recently banned in...

MTN pioneers mobile ad app

In line with its quest to continually provide its clients with innovative products and services, MTN, Ghana’s most sought-after telecommunications network provider has announced the launch of FonAd, a free mobile advertising app. Designed and...

Increase investment in Ghana – Mahama to Morocco

President John Mahama has urged Morocco to increase its investment in Ghana. According to him, the recent commissioning of the Moroccan-owned Adoha Cement plant in Tema should help deepen bilateral relations between the two countries. The...

SSNIT increases pension benefits by 18%

  The Social Security National Insurance Trust (SSNIT) has increased the pension benefits of pensioners by 18%, the corporate Affairs Manager of SSNIT, Eva Amegashie has disclosed. “On the whole there has been an 18% increment...

Ford Motors cancels $1.6bn Mexico plant

Ford has said it will cancel a $1.6bn (£1.3bn) plant it planned to build in Mexico and instead extend operations at its factory in Michigan. The US car giant will spend $700m on expanding the...

Stanbic worker dupes customers GHc900,000

A 33-year-old  outsourced worker of Stanbic Bank Ghana has been declared wanted by the Ghana Police Service for allegedly defrauding scores of customers of the bank of more than GHc 900,000. The suspect, Martha Amakye,...

Feature: A time for equity

When faced with the daunting task of having to raise capital to finance its growth, a business has two options to consider – debt which is effectively, borrowed money, or equity, representing owners’ contributions. As...

Relocation of GNPC “not well thought through” – ACEP

The incoming government’s plans to relocate the headquarters of the Ghana National Petroleum Corporation (GNPC) to the Western region is not prudent, the Africa Centre for Energy Policy (ACEP) has stated. The President-elect Nana Akufo-Addo...

Oil prices rise

Oil prices rose in the first trading hours of 2017, buoyed by hopes that a deal between OPEC and non-OPEC members to cut production, which kicked in on Sunday, will be effective in draining...