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GCB Hits Ghc 323m Profit

GCB Bank Limited posted a significantly improved bottom line with net profit of GH¢323.13 million for the year ended 2018. This translates into growth of GH¢ 110.42 million over the GH¢212.72 million recorded in the 2017 financial year. Top line growth was appreciable despite instability in the banking industry with 2018 recording GH¢1,260 million as total income compared to GH¢1,113… Read More
Business Ghana Technology 

Banks Convert Domestic Cards To EMV

Banks have succeeded in converting domestic cards from magnetic stripes to EMV. The EMV technology has an enhanced security system which is the preferred bank card technology globally. EMV stands for Europay, MasterCard and Visa. It’s the global standard for chip-based Debit and Credit Card transactions. It’s a joint effort between Europay, MasterCard and Visa to ensure security and global… Read More

Process To Attract Investor For Komenda Sugar Factory Completed

Mr Allan Kwadwo Kyeremanteng, the Minister of Trade and Industry, has announced that the process to attract a new strategic investor for the Komenda Sugar Factory has been completed. Accordingly, a recommendation from the Transaction Advisor to the Ministry and Cabinet for consideration has been made and the final decision would be taken by the end of April, 2019. Mr… Read More

Forestry Commission And VRA Sign MoU To Protect Volta Lake

The Forestry Commission and the Volta River Authority have signed a Memorandum of Understanding (MoU) for the planting of bamboo to protect the Volta Lake, which houses the Akosombo Dam for effective power generation. Under a project titled: “Bamboo for the Protection of the Volta Lake”, the two institutions would collaborate to fight deforestation as a result of livelihood enhancement… Read More

1D1F: 79 Factories Completed– Coordinator

Coordinator for ‘one -district one-factory’ programme, Gifty Ohene Konadu has disclosed that they have completed over 79 factories under the ‘one district one factory’ programme of the NPP government. She says there are more at various completion stages. Speaking on Okay FM’s ‘Ade Akye Abia’ programme, she explained that those factories have been completed and have provided jobs for most… Read More

Minority Expresses Disappointment Over Petroleum Agreement

Mr Cassiel Ato Forson, the Ranking Member on Finance, has expressed disappointment over government’s decision to give huge tax waivers to ExxonMobil in approving the new Petroleum Agreement. “Let me say that personally, I am disappointed today. I think the giveaway was overly too much to the extent that we, as a country, have failed so far as our negotiations… Read More

Parliament Approves 19.6 Million Euros KFW Loan To Stut Farmers

Parliament on Wednesday ratified a loan agreement of 19.6 million euros between the Government and the German Development Bank (Kreditanstalt Fur Wiederaubau; KfW), to support farmers involved in Phase III of the Outgrower and Value Chain (OVC) Fund. This follows the successes chalked in the first and second phases of the OVC project, according to a report of the Finance… Read More