SIC embezzlement scandal worrying-Insurers Association

  The Ghana Insurers Association (GIA) has expressed worry over the recent case of embezzlement which has rocked SIC. The state insurer guaranteed an Italconstruct project but the construction company failed to pay its lenders, Ivory Finance. vory Finance subsequently secured a court order, empowering them to access SIC’s bank accounts to take out all monies owed them.The Deputy Managing...

Zero arbitrage will reduce SIM box fraud – Maximus Ametorgo

A Technology Entrepreneur says SIM Box fraud can be reduced when telecom operators offer zero arbitrage. This is where subscribers are able to make international calls without paying long distance charges by dialing certain numbers.According to Maximus Ametorgo, such a move will be a deterrent for fraudsters. “They should reduce the difference between the international...

Workers must prioritize personal savings- GRA BOSS

The Commissioner General of the Ghana Revenue Authority (GRA), George Blankson is challenging workers in the public and private sectors to prioritize personal savings as a future investment. He is also advocating for employees to take advantage of the services by accredited credit unions to provide a financial safety net. The GRA Commissioner was speaking...

UBA to expand operations to South Africa and Angola

The Chief Executive Officer of United Bank for Africa Plc Phillips Oduoza has revealed that the bank will soon expand its operations to Angola and South Africa as the economy of Nigeria, its largest market, is hit by falling crude oil prices. The lender which is currently operating in 19 countries on the continent including...

HFC Bank had no authority to cancel EGM-SSNIT

The managing Director of HFC Bank, Asare Akuffo had no authorization from shareholders to cancel an Extraordinary General Meeting requisitioned by the Social Security and National Insurance Trust-SSNIT. This is according to the General Manager and General Counsel for SSNIT, Peter Hayibor. HFC bank in a statement signed by its MD Asare Akuffo on January...

GIBA hopeful govt will meet ITU deadline on Digital Migration

The Ghana Independent Broadcasters Association (GIBA) is hopeful Ghana will meet the International Telecommunications Union (ITU) deadline to migrate from analogue to digital broadcasting by June this year. Though the association agrees that there are some challenges that government is currently grappling with, it is certain that the initial stages of the project will be...

Fiscal imbalance in economy must be addressed -Dr Gatsi

  Economist Dr John Gatsi is charging managers of the economy to critically address the fiscal imbalances within the economy in a bid to portray a good outlook for debt sustainability. Dr Gatsi’s comments come in the wake of the International Monetary Fund (IMF) lowering its forecast for global economic growth this year and have...

World Economic Outlook (WEO) Update

lobal growth will receive a boost from lower oil prices, which reflect to an important extent higher supply. But this boost is projected to be more than offset by negative factors, including investment weakness as adjustment to diminished expectations about medium-term growth continues in many advanced and emerging market economies. Global growth in 2015–16 is...

HFC/ REPUBLIC BANK INSIDER TRADING ALLEGATIONS IS A DELIBERTE MISINFORMATION-SSNIT

The Social Security and National Insurance Trust (SSNIT has described as a deliberate misinformation, allegations of insider trading leveled against it by Two Independent Directors of HFC bank, Mureil Edusei and Francis Koranteng. Two directors had earlier alleged that the stance taken by SSNIT on insider trading by the Republic Bank of Trinidad and Tobago...