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GCB Bank and Invest in Africa seal deal

GCB Bank and Invest in Africa (IIA) have announced the signing of an agreement that formally makes GCB Bank the newest partner of the initiative.  The IIA is a private sector initiative that brings together leading indigenous and international companies across sectors; actively working together to create a sustainable business …

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Cocoa farmers urged to spray their farms

The District Manager of Cocoa Merchant Company, a licensed cocoa buying company in the Central Region, has urged farmers to embrace the mass cocoa spraying exercise introduced by the government. Speaking to the Ghana News Agency (GNA) after farmers’ meeting at Agona Duakwa in the Central Region, Mr. Randy Nkrumah …

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Barclays Ghana appoints Mrs Osei-Poku as new Managing Director

Barclays Bank of Ghana has announced the appointment of Mrs Abena Osei-Poku by the Board of Directors, as Managing Director of the Bank. She takes over from Patience Akyianu who will be leaving the bank at the end of September this year. Mrs Osei-Poku appointment if approved by the Bank …

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Ghana Stock Exchange makes impressive gains in 2017

The Ghana Stock Exchange made positive strides in 2017 with a surplus of GH¢12. 368 million for the year ending 31 December compared with GH¢5.377 for 2016. The GSE Council Chairman, Mr Albert Essien told members that improvement in the macro-economic indicators positively affected the performance of the Exchange. The …

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Ghana stock market bounces back  

Trading on the Ghana Stock Exchange (GSE) bounced back after eight consecutive weeks of cautionary plays and profit-taking, investors turned slightly bullish this week. The benchmark GSE-Composite Index rose by 1.5 per cent to close the week at 2,921.7 points, Nordea Capital Investment Stock Expert review the first week of …

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Ghana’s banking sector needs more support to be stronger – Gustave Barth

Mr Ben Gustave Barth, Co-founder of Axcero Advisors, West African focused Corporate Advisory, has said local banks in Ghana need more support to grow in order to support national development. The finance and consulting executive said, the central bank’s decision to set regulatory requirements for these banks was laudable and …

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Let’s adopt nuclear power for affordable and reliable energy source – Sogbadzi

Dr. Robert Bright Mawuko Sogbadzi, Deputy Director, Nuclear and Alternative Energy on Friday said it is about time Ghana adapts the use of Nuclear power since it is safe and affordable. “The reason to opt for the Nuclear option is that, it helps to deepen the diversification of the present …

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Create environment to attract private sector into agriculture sector – ISSER

Government must continue to create an enabling environment to attract private sector resources and expertise into the agriculture Public-Private Partnership (PPP) arrangements, a research report has said. Government, however, must be cautious not to fall into the trap of deferring the provision of all goods and services in the interest …

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GCB Bank records decline in earnings following UT, Capital Banks assumption

The GCB Bank Limited has recorded a decline in its earnings for the 2017 financial year following its purchase and assumption of UT Bank Limited and Capital Bank Limited in the year under review. The Bank’s profit before tax declined by 29 per cent from GH¢467 million in 2016 to …

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GCB Bank shareholders vote to increase stated capital to GH¢500m

Shareholders of the GCB Bank Limited have voted to transfer GH¢400 million from its income surplus to stated capital in order to meet the Bank of Ghana’s (BoG) requirement for commercial banks. The transfer will enable the GCB Bank to meet ahead of time, the BoG’s requirement for all commercial …

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