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Business and Economics

Ghanaian goes from bean counter to money magician

 

170094845 275874Ghana’s Keli Gadzekpo was part of the duo that set up Databank, one of West Africa’s most successful financial enterprises, in 1990.

At the time the country’s financial sector was being liberalised and its stock exchange was set up.

Databank’s goal was to provide corporate and public finance advisory services to companies.

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Business and Economics

BoG Approves First Atlantic Sale

 

bank-of-ghanaThe Bank of Ghana has given approval for the sale of the Social Security and National Insurance Trust (SSNIT) shares in First Atlantic Merchant Bank.

The Central Bank, according to information reaching CITY & BUSINESS GUIDE, gave Nigeria based equity firm Kaderi Nominees the go-ahead to acquire SSNIT’s 50 percent stake in the indigenous bank.

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Business and Economics

Online payment made easy for Ghanaian businesses

 

Online Payment Processing Chargeback BasicsIndividuals and businesses can from next year make both local and international online payments easily, following a partnership between Ghana’s leading independent inter-bank electronic payment processing company, Global Switch, and American firm Cardinal Commerce Corporation.

Currently individuals and businesses can only order online but cannot make payments on certain websites if they are not enrolled on platforms such as the G-Secure to authenticate the cards.

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Business and Economics

Ghanaian Economy Provides Attractive Returns on Investment

 

– Professor Kwaku Dando-Boafo

Ghana’s High Commissioner to the United Kingdom, Professor Kwaku Danso-Boafo has assured prospective investors that the Ghanaian economy provides attractive returns on investment. He made this remark at the business forum with the Business Council for Africa held at the Ghana mission in London.ghana busy market

According to him, businesses already established and those intending to set-up in Ghana are assured of attractive returns on their investment: “I would like to take this opportunity to assure you that your efforts will not be in vain as the Ghanaian economy provides very attractive returns on investment”.

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Business and Economics

E-Talk Limited sues Milicom Ghana

 

tigo logoA telecommunication product distribution company has commenced an action at the Commercial Division of the Accra High Court against Millicom Ghana Limited, claiming general damages of more than $23 million for breach of contract.

The plaintiff, E-Talk Limited, is also claiming special damages of $6,633,000 from the defendant, being revenue in the form of commissions that the plaintiff lost as a result of the illegal termination of an agreement between the two parties.

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Business and Economics

Ghanaian workers of oil firm locked out for demanding salary raise

 

oil-rig-worker-thumb5151958About 22 Ghanaian workers of Weatherford – an oil and gas company in Takoradi – have been locked out of their office premises.

The workers for some time now have been calling for salary adjustments and other benefits but were hit by a lockout by their employers.

The Western Regional Manager of the General Transport and Chemical Workers Union of the TUC named only as Sallah told Joy News that the local content policy of the country is not being adhered to.

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Business and Economics

Government denies loss of 4.5 million barrels of Jubilee oil

  Government has described as false, media reports that some amount of crude oil from the Jubilee Field cannot be accounted for. The publication by the New Statesman newspaper and citing inconsistencies in production volumes from two different sources, suggests that as much as 4.5 million barrels may have gone missing. But the government has […]