Finance

The Managing Director of the International Monetary Fund (IMF), Christine Lagarde is set to visit Ghana from 16th to 18th of December 2018. The visit comes weeks ahead of Ghana’s completion of the IMF program. Deputy Information Minister Pius Enam Hadzide who disclosed this at Wednesday’s Press Briefing in Accra …

Banks and financial institutions affected by the 2.5 billion dollars Energy sector debt are agitating over the delay in issuing the bond to clear the debt. Government assured the financial institutions affected that it will raise the funds through lead arrangers, Fidelity Bank and Standard Chartered Bank in September 2017 …

Over 700 former workers of the now defunct UT and Capital banks are set to lose their jobs as the takeover bank GCB has begun issuing out termination letters. The affected staff have already received letters asking them to proceed home. Starr News understands GCB is only retaining clerical and …

The Africa -America Institute (AAI) has awarded the Co- Founder and Chairman of Zenith Bank Mr. Jim Ovia with the esteemed 2017 Business Leader Award. The award was conferred on him on Tuesday September 19, 2017 in New York, USA at the institute’s 33rd Annual Awards Gala. Receiving the award …

A couple of weeks ago, Capital Bank and UT Bank were taken over by GCB Bank Ltd. Just when we thought all was said and done, new information reveals NIB may soon be taken over by GCB Bank also. According to the news as reported by the Daily Graphic, GCB Bank Limited …

The Minority in Parliament has accused Finance Minister, Ken Ofori Atta of breaching the procurement Act when he awarded a GHȻ10m COCOBOD contract to a private businessman. At a press conference Tuesday, the National Democratic Congress (NDC) MPs said the contract was given without the approval of the Public Procurement …

The office of Perfect Business Systems, the IT firm that was contracted by SSNIT to install the now controversial $72 million OBS software has reportedly been raided by officials of the Economic and Organised Crime Office (EOCO). According to StarrFMonline.com sources, officials of the anti-graft body stormed the labadi office …

International Central Gospel Church (ICGC) Pastor, Mensa Otabil has noted he had quite a turbulent week, after the collapse of Capital Bank, of which he served as Board Chairman. During his sermon on peace today [Sunday] he recounted that “Monday was a fortunately good day for me. I was fine …

President Nana Akufo-Addo has charged the Bank of Ghana to address the weaknesses in the banking sector. According to him, such moves will prevent any adverse spillover effect on the economy. Speaking at the 60th anniversary lecture organized by the Bank of Ghana in Accra on Friday, Akufo-Addo said: “a weak …

The Ghana Investment Promotion Centre (GIPC) hosted business leaders to its ‘Ghana on The Go CEO’s Breakfast Meeting’ series at the Mövenpick Ambassador Hotel in Accra, on 3rd August, 2017. This edition of the quarterly event was titled, ‘Policy Update: Ghana’s Tax Exemption Regime’ and convened to update the business and …