Business
Workers of the defunct UT and Capital banks will be migrated onto GCB Bank service conditions from next month.
 
A group calling itself Freight Forwarders of Tema Port has threatened a sit down strike if the call for the postponement of the implementation of the paperless regime is not heeded to.
 
The President of the Republic, Nana Addo Dankwa Akufo-Addo, is expected to sign a government-to-government Heads of Agreement with his Equatorial Guinean counterpart
 
The Lawra District Assembly has expressed worry about its weak financial position and is set to review its revenue collection contractual relationship with Atomz Solution Limited.
 
The Senior Minister, Nana Yaw Osaafo-Maafo, is advocating for good corporate governance among corporate bodies in the country as a tool for national development.
 
The reconstituted Board of Directors for the National Investment Bank (NIB) has been inaugurated, with Togbe Afede XIV, the Agbogbomefia of the Asogli Traditional Area
 
Ghana’s leading personal branding coach and amazon bestselling author of over 30 books, Bernard Kelvin Clive, is hosting the 5th edition of the annual branding summit ‘Rebrand’ this Saturday.
 
The Industrial and Commercial Workers Union (ICU) is calling on the government to waive the taxes on overtime earnings by workers.
 
President Nana Akufo-Addo will on Monday, August, 212017, leave Ghana for a 3-day official visit to the Republic of Equatorial Guinea, at the invitation of its President
 
Management of the GCB Bank Limited (GCB) has announced that it will clear all outstanding debt of the collapsed UT and Capital banks.
 
There is rising anxiety among workers and even some management staff of Tigo and Airtel due to five months of waiting for the government to approve the merger deal between the two telcos.
 
Founder of Celltel Limited, now Kasapa Telecom Limited, Prince Kofi Kludjeson, has said he is in the process of taking over the dying company
 
The average interest rate for mortgage loans among commercial banks remained at 33.1% as previously recorded in June. According to the Bank of Ghana’s Annual Percentage Rate (APR)and Average Interest (AI) report, Bank of Africa still offers the highest interest on mortgages at 36.6 percent. Bank of Baroda however offers the lowest interest on mortgage loans with interest rates between 22 and 28 percent. The Bank of Africa’s 36.6% interest on mortgage loans is closely followed by the Royal Bank with its interest on mortgage loans at between 35.5-40.5 percent. Barclays bank and Ecobank come in at the third and forth positions with interest on mortgage loans between 34.2 and 34.1percent. Occupying the 5th position is Prudential Bank which offers mortgages at an interest of 33.6 percent. The top five from the bottom are Bank of Baroda, Stanbic Bank, Zenith Bank, GCB Bank and BSIC. Their interests on mortgage loans are between 22 percent and 31.4 percent. Twenty Two banks, according to the BoG report, do not offer mortgage loans.
 
The government must be blamed for the state in which the two banks; UT Bank and Capital Banks find themsevles now
 
The Bank of Ghana is to commission a team of auditors into the operations of UT and Capital Banks as it investigates the circumstances surrounding the collapse of the two banks.
 
The woes of Menzgold Ghana has deepened after it has been exposed by Swiss Gold Global, Switzerland-based gold company that stated categorically that it has no affiliation with the Ghanaian firm.
 
Government has begun processes to commission feasibility studies to construct railway lines to connect to the various agricultural producing areas.
 
Foreign investors have shown interest to buy government’s 2.4 billion dollar energy sector bond.
 
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