Official: MTN Releases new Network codes

MTN Ghana has added new network codes to the existing ones.This was after it received new blocks of numbers from the industry regulator, the National Communications Authority (NCA). The new network codes are; 059-7, 059-8, 059-9, 025-6 and 025-7. These new network codes come to add to the existing codes of 024, 054, 055 and […]

BoG abolishes bank charges on savings account and other ‘unfair’ fees

The Bank of Ghana has directed banks and Specialized Deposit-Taking institutions to desist from charging some fees and charges, as well engaging in some practices it describes as unfair to the banking populace. The fees and charges, and practices identified by the central bank as unfair include, Credit Insurance Premium Overcharges, Maintenance Fees on Savings […]

Ghana bread A1 now sells in the United States (Photos)

Made in Ghana bread A1 is now selling in the United States, Ghana’s embassy in Washington, DC has officially announced. The bread is on the market under a US government programme, Select US, designed to help foreign products penetrate the US market. “We are happy to announce that A1, an indigenous Ghanaian bread-making company, has expanded its operations […]

First National Bank completes merger with GHL Bank

First National Bank Ghana has confirmed the conclusion of the merger with its subsidiary, GHL Bank. The merged entity will be known as First National Bank Ghana. The newly formed and strengthened entity will offer a portfolio of unique innovative financial solutions for retail, corporate and investment banking clients. The bank has also enhanced existing […]

Covid-19: Prez launches GHS 600m CAP business programme to support SMEs

President Akufo-Addo has formerly launched a GHS 600m Coronavirus Alleviation Programme (CAP) Fund to support micro, small and medium scale (MSME) enterprises. The initiative is expected to help limit the effects of the Covid-19 pandemic on such businesses. President Akufo-Addo has said coronavirus has negatively affected businesses, especially MSMEs. According to the president, government had […]

MTN grows revenue by 11% amid coronavirus pandemic

Telecommunication giant, Mobile Telephone Network (MTN), has recorded positive service revenue by 11 per cent in the first quarter of 2020. The increase in the telecommunication company’s profit margin was made public via its media release on May 14, 2020. The MTN Group, despite the novel coronavirus pandemic and its adverse effects on businesses, built […]

Dangote loses N240 billion in five hours due to coronavirus

Africa’s richest man, Aliko Dangote, suffered a huge loss due to coronavirus on Wednesday March 11, as he lost N240 billion in five hours. Dangote’s firms under the parent-company ‘Dangote Group’, suffered huge losses just after the World Health Organisation declared coronavirus a pandemic (spreading in multiple countries around the world at the same time). The Nation […]

The Managing Director of PZ Cussons David Afflu has resigned.

The astute Marketing and Business Development professional resignation took effect from 11 February, 2020. It’s unclear what culminated in his resignation but the company ascribed personal issues as reasons to his resignation. Mr. Afflu was the Chartered Institute of Marketing (CIMG) Marketing Professional of the Year in 2017. Meanwhile, the company has announced the appointment […]

Barclays Bank officially rebrands as ABSA Ghana

Barclays Bank has now rebranded as Absa Ghana following a decision by its parent Absa Group to change all of its operations in Africa. The rebranding comes after successful completion of the required internal and external rebranding processes. The bank, effective Monday, February 10, 2020, as part of the rebranding, will use red and white […]

Ghana cedi ranked best performing currency in the world against the dollar

Ghana’s cedi, the world’s best-performing currency against the dollar this year, extended its advance on Monday as investors await a Eurobond sale that would bolster the government’s coffers. The currency of the world’s second-biggest cocoa producer has strengthened 3.9% in 2020, the most among more than 140 currencies tracked by Bloomberg, a turnaround from last […]