As parts of efforts to make their lubricants accessible to Ghanaians, Puma Energy has signed a partnership agreement with Graceland Parts Limited, a lubricants distribution company in Ghana. The partnership will make Graceland the exclusive distributor of Puma Energy lubricants in two zones; specifically the Middle/North Zone (Ashanti, Brong Ahafo, Upper East, Upper West... Continue Reading →
MTN pays over GHC 22 million interest to mobile money subscribers
Ghana’s leading mobile telecommunications company, has made payments of over GH₵ 8.85million in interest to about 5.8 million Mobile Money customers. The payment, which was made on November 20, 2016 was done in collaboration with the 16 partner banks of MTN Mobile Money. Following the issuance of the E-Money Issuers Guidelines, the Bank... Continue Reading →
Life insurance in Ghana set to reach 1.6bn in 2019
A new report from Timetric’s Insurance Intelligence Center (IIC) forecasts Ghana's life insurance market to more than double in 2019. The life insurance market in Ghana performed well over the last few years, with the life gross written premium rising from GHS187 million in 2010 to GHS584.5 million in 2014. This growth is as a... Continue Reading →
”Dumsor” forces mining companies to shut down equipment
Some mining companies have had to shut down heavy equipment and mills in a bid to save power remain in business. Related story ECG cuts 25% of power to mining companies Due to the unstable power supply, mining companies such as Golden Star Resources are using industrial generators; a situation they say has pushed up... Continue Reading →
SSNIT hopeful court will strike out HFC Bank’s case
The Social Security and National Insurance Trust (SSNIT) is hopeful the substantive application brought by a shareholder of HFC Bank to an Accra High court will be heard on Wednesday following an adjournment of the case on monday SSNIT intends to have the case struck out to allow an HFC Bank Extraordinary General Meeting to... Continue Reading →
We don’t under report our profits-MTN
Telecommunications giant, MTN, has dismissed reports of financial malfeasance in its operations. According o the company, it complies with the NCA’s rules and regulations on submitting operational and financial data on monthly and quarterly basis to the Ghana Revenue Authority (GRA). Related stories MTN beats Vodafone as fastest growing Telco MTN adjudged best ICT company... Continue Reading →
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... Continue Reading →
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... Continue Reading →
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... Continue Reading →