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GCB Bank records GH¢1.38b deposits in 2018

GCB Bank Limited in 2018 recorded an increase of GH¢1.38 billion in total deposits from GH¢6.92 billion in 2017 to GH¢8.30 billion, representing a 19.6 per cent growth in 2018. The record makes GCB the leading bank in the country with regard to deposits and asset size. A statement from …

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Ghana banks urged to invest in agribusiness

The Chief Executive Officer (CEO) of Glofert Limited, Reverend Foster Mawuli Benson, has called on banks to direct some of their investments into the agribusiness sector. Glofert Company Limited is the biggest fertilizer blending company in Ghana. Rev Benson who was speaking to the Media after a programme at the …

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Ghana now Austria’s important business destination in Africa – Austrian President

Austrian President Alexander Van der Bellen has said Ghana currently ranks as the most important destination in Africa for Austria and Austrian businesses. He said the management of the Ghanaian economy, especially over the last two years, for which Ghana is projected to be the fastest growing economy in the …

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Tullow Oil plans $250m investment in Ghana operations

Tullow Oil plans to spend $250 million dollars in Ghana this year to expand operations with more to come in future as the company intensifies its drilling campaign. Group Chief Executive, Paul Mcdade said the company is keen to explore further in Ghana both around its current assets and in …

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GOIL’s profit hits GH¢ 81.9m

GOIL Company Limited the nation’s foremost indigenous Oil Marketing Company consolidated profit after tax hit unprecedented GH¢ 81.9 million up by 26 per cent for the year ending December 31 2018. The company’s profit after tax hits 20 per cent per year on average in the year under review, 2018. …

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Investing in real estate is a sure way to wealth creation – Expert

Mr. William Halm, CEO of Spektra Global has said that investment in Real Estate is one of the most reliable and time-tested ways of wealth creation since real estate appreciates over time. Mr. William Halm made this assertion at the GHL Housing Fair, which was on the theme: “Creating Wealth …

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Newmont Goldcorp merger to account for 7.1% of world gold production in 2019 – GlobalData

About three weeks ago, Denver- based mining concern, Newmont Mining Corporation announced its merger deal with Goldcorp in what makes the new company the leading gold miner in the world. The merger cost Newmont $10 billion and is expected to spur similar mergers in the gold mining industry, and creates …

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Institute of Directors to establish Regional Charters to rebrand Ghana

The Institute of Directors (IoD-Ghana) has embarked on a nationwide drive to establish charters in all regions. The regional charters would fast track efforts at rebranding Ghana as a nation of choice for investors. Mr Rockson Dogbegah, President of the Institute speaking at a forum on good corporate governance by …

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Chinese Ambassador pledges to woo investments to Central Region

The Chinese Ambassador to Ghana, Mr. Shi Ting Wang has applauded Ghana for its strong economic achievements despite recent banking shortfalls. Comparatively, he noted, Ghana’s economy was doing far better than other Africa countries. The Ambassador made the observation when he paid a courtesy call on the Central Regional Minister, …

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