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GhIPPS not preventing private operators from electronic payment system – CEO

The Chief Executive Officer of Ghana Interbank Payment and Settlement Systems (GhIPPS), Mr Frederick France, has dismissed suggestions that private electronic payment service providers are being prevented from carrying out their operations. “It is not true that GhIPPS is preventing the private switch providers from the market. Our task is …

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GCB to introduce mobile banking next year

Ghana Commercial Bank (GCB) on Monday said it would introduce mobile banking services next year to enable its customers to transact banking businesses even outside of banking halls. This new service is aimed at bringing banking operations closer to customers, especially very busy ones, who do not have time to …

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Atwima Rural Bank records profit

The Atwima Rural Bank recorded a net profit of GH¢58,358 after tax, from its operations during the year 2007, as against GH¢33,221 in the previous year. Mr Kwabena Awuah, Chairman of the Board of Directors, who announced this at the 23rd Annual General Meeting of the bank at Foase in …

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Dutch export agency trains Ghanaian exporters

The International Trade Centre (ITC) and the Dutch Import Promotion Agency (CBI) in collaboration with the Ghana Export Promotion Council (GEPC) on Tuesday began a series of training workshops to strengthen capacities of management consultants and export advisors. The workshop to be run in batches over a six-month period would …

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Gov`t develops HRD strategy for hospitality institutions

The government has developed a comprehensive Human Resource Development (HRD) Strategy to process, standardize and improve the curriculum for all the hospitality training institutions at the pre-tertiary level in the country. This strategy would ensure that all the institutions have uniform curriculum, examinations and certification for their students to help …

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Gov`t gives $235m to ECG

The Government of Ghana (GoG) has allocated an Investment Credit Facility of $235 million to boost the operations of the Electricity Company of Ghana (ECG). The package is intended to facilitate and enhance the operations of the ECG to enable it provide quality and efficient service to its customers nationwide. …

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Ghanaian wins KU scholarship

A Ghanaian student is among more than 6,500 students from the US and other parts of the world who have been awarded various scholarships to study at the University of Kansas (KU) in the United States of America. The student, Kenneth Shelton Aikins of Cape Coast will join the University …

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Rural Bank launches mobile banking service

The Union Rural Bank, with its headquarters at Awutu Senya in the Central Region, has launched a mobile banking service aimed at mobilising savings at the door steps of clients to increase deposits. The service, which is being run on a pilot basis at Agona Swedru and Kasoa, is also …

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District Assembly signs GH¢2.5m credit agreement with HFC Bank

The Nkwanta North District Assembly (NNDA) is to sign a GH¢2.5 million credit agreement with the Home Finance Company (HFC) Bank Limited to speed up the construction of staff bungalows in its new district. The Ministry of Local Government and Rural Development and the Administrator of the District Assembly Common …

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Gold production picks up in Ghana, but country loses out

In spite of the high cost of energy and rising cost of doing business in the country, gold production rose 2% to 1.9 million ounces from January to September 2008 as higher prices brought in a total export revenue of about US$1.75 million, but government sources say, Ghana has not …

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