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 […]

Puma Energy appoints first Ghanaian MD

Puma Energy has appointed Henry Yaw Osei as the first Ghanaian to head its Ghanaian subsidiaries, Puma Energy Distribution Ghana Limited and Blue Ocean Investments Limited. His appointment takes effect from February 1, 2020. The selection of Henry Yaw Osei, the company said plugs into one of the many philosophies at Puma Energy to think […]

Gov’t inaugurates committee to investigate depreciation of cedi

The Finance Ministry has inaugurated a committee to look into the causes of the depreciation of the cedi and propose solutions to the problem. The establishment of the committee, named the FX Development Committee, is a fulfilment of a promise made by the ministry last year to constitute a bi-partisan committee to look into the […]

We’re not recruiting – GRA

The Ghana Revenue Authority (GRA) has debunked reports that it is conducting a recruitment exercise for its Custom Division. The GRA said in a statement on Friday, 10 January 2020 that it is not conducting any mass recruitment exercise contrary to notices making rounds on some social media platforms. The statement issued by the office […]

MTN announces addition of 059 network code

The country’s leading mobile network operator, MTN, has added a new network code (059) to its existing codes. The new 059 block of numbers allotted by the industry regulator, National Communication Authority comes to add up to MTN Ghana’s existing number block with codes: (024), (054) and (055). The introduction of the (059) number block […]

GRA to tax clothing allowance of bankers

The clothing allowance paid to members of the Ghana Banking Association is now subject to taxation, the Ghana Revenue Authority (GRA) has revealed. In a letter addressed to the Executive Secretary of the Ghana Banking Association on Tuesday, 17 December 2019 and signed by the Acting Commissioner-General of the GRA, Ammishaddai Owusu-Amoah, the GRA referred […]

#SaveOurData: NCA Directs MTN to Compensate Customers

Mobile Telecommunications Network, MTN has been directed by the National Communications Authority to Compensate its customers. This directive by the NCA has been necessitated by the challenges being faced by customers of the Company and the inaccuracies associated with their data packages since December 1, 2019. Customers of the MTN took to social media to […]

Bank of Ghana to Phase out GHS1, GHS2 notes, replace with coins

Even though the GHS1 and GHS2 banknotes remain legal tender in Ghana, the Bank of Ghana (BoG) will phase them out and substitute them with coins. Following the introduction of a GHS 2 coin together with new GHS100 and GHS200 banknotes, the central bank said in a statement on Friday, 29 November 2019 that it […]

Anomaly detected in Lele, Cindy tomato paste, company recalls all products

Rabaj Company Limited, producers of Cindy and Lele tomato paste, has said it has detected an anomaly in their products. The company has therefore issued a directive to all its key distributors and retailers to return all their stock to the company’s depots nationwide. The company says it has identified an anomaly in a particular […]