BUSINESS

  By Nana Asare Barimah Popular Kumasi-based prophetess Josephine has revealed God directed her to invest her cash with Menzgold, but in the revelation, there was no indication Menzgold will collapse., The prophesies joins other prominent persons whose investments have been locked up at troubled company Menzgold and are beginning …

All deposits and loan portfolio of Bank of Baroda have been handed over to Stanbic bank effective yesterday[January 1, 2019]. The move follows an assumption between the two banks. A statement from Bank of Baroda to Citi Business News dismissed reports of a takeover indicating that it is rather voluntarily …

Some stakeholders in the banking sector are expecting the Bank of Ghana to announce the list of banks that have met the minimum capital requirement to end speculations in the sector. At the last press conference for 2018 to announce the policy rate, the governor of the Bank of Ghana, …

The Ghana Revenue Authority (GRA) has been directed to suspend the implementation of the Uni-Pass port clearing system, which was initially scheduled to start on January 1, 2019, due to various legal, operational and policy issues. The directive, contained in a Decision Note of the Economic Management Team headed by …

The government has justified its decision to back financial support arrangements that would raise the minimum capital requirement levels of seven local banks. Last year, the Bank of Ghana raised the minimum capital requirement of commercial banks from GH¢120 million to GH¢400 million and set a December 31, 2018 deadline. …

Adum Branch Manager of Zenith Bank in Kumasi, Mr. Samuel Duncan has advised young professionals to utilise their contacts effectively. According to Mr. Duncan, that is one of the effective ways of sustaining a career. Mr. Duncan was speaking during a workshop Career Day organised by No Business As Usuals. …