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Law on causing financial loss must stay – GII

Whilst some politicians in the country are craving for the law on causing financial loss to the state to be repealed from the statute books, for fear of it being used as a tool for political vindictiveness against political opponents, anti-corruption agencies, such as the Ghana Integrity Initiative (GII), is …

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Police: Crime rate in Greater Accra declines in Accra

Crime rate in the Greater Accra Region is on the decline but reported cases of vehicle theft are slightly higher, the Greater Accra Regional Police Commander said on Tuesday.   Speaking at a press conference in Accra, Deputy Commissioner of Police (DCOP) Mr James Oppong-Boanuh, Greater Accra Regional  Commander, noted …

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Police return bank manager’s seized car

Police have returned a vehicle mistakenly seized from the Managing Director of Barclays Bank, Ghana. Sources have told Joy News that Mr. Benjamin Debrah was driving around town on Sunday when officers stopped him and took the car on suspicion that it belongs to government. The car was returned after …

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We have experience in oil industry – Shah

The Managing Director of Stanchart Ghana Limited, Mr. Hemen Shah, says the bank has considerable experience in the oil industry, which it can bring into the sector in Ghana. Mr. Shah told a Joy Business News bulletin monitored by ghanabusinessnews.com that the bank has oil and gas specialization and therefore …

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Gov’t must control expenditure to tackle inflation – Economic Consultant

Ghana’s inflation rate rose from 7.4 percent point in November 2008, to 18.1 percent in December creating fears of a dip in economic growth. This development, fueled by rising food and fuel prices has dimmed hopes for the country’s projections of attaining single digit inflation. The cedi has depreciated against …

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Court stops ICU elections, but allows Confab

The Eighth Quadrennial Delegates’ Conference of the Industrial and Commercial Union (ICU) slated for January 13 to 15 can commence but the Union cannot elect national officers, an Accra Fast Track High Court presided over byMr Justice Samuel Asiedu ruled on Monday. This was after Napoleon Kpoh, General Secretary of …

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Accountant General issues new directives on payments

The Controller and Accountant General has issued new directives to re-enforce earlier ones that all treasury books be closed by January 9, 2009, in respect of the financial year ended December 2008. A release by the Controller and Accountant General in Accra on Monday said this is a follow-up circular …

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Ghana’s Produce Buying Company increases revenue

Produce Buying Company, the single largest Licensed Buying Company of cocoa in the domestic market has released its financial statements for the 2007/2008 operational year ended 30th September, 2008. The results showed a tremendous improvement in the bottom line indicator of the company in relation to the same period in …

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We don’t want to be Ghana’s ‘biggest bank’ – Stanchart MD

One of the top five banks in Ghana says its focus is not to be the biggest bank in Ghana. Standard Chartered Bank, which is third behind Ghana Commercial Bank and Barclays Bank in terms of assets and profitability says being the biggest bank in terms of assets and profitability …

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Two ICU members take union to court

Two members of the Industrial and Commercial Workers Union (ICU) have taken the organization to court. The two Dave Agbenu of the New Times Corporation and George Amanor of Poly Group Ltd., go to court Monday morning January 12, 2009 to place an injunction on the ICU’s congress expected to …

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