More than 350 commercial vehicles, mostly taxis, have been confiscated from individuals and groups who failed to repay loans they contracted from the Micro Finance and Small Loans Centre (MASLOC). Additionally, MASLOC has mounted an intensive search to retrieve more than 150 more vehicles whose owners are indebted to the centre. Broken commitments The affected owners are said to have […]

The Scholarship Secretariat has awarded full scholarship to one hundred continuing Senior High School students of New Obuasi, formerly known as Denkyira Obuasi in the Central Region. The scholarship scheme is in line with measures by the government in collaboration with stakeholders to help in the restoration of the town, which gained notoriety on May 29, 2017, for lynching Captain Maxwell […]

Citi Business News has gathered that GCB Bank has terminated the appointments of about 450 workers of defunct Capital and UT banks. Workers of the two banks were pulled into the work force of GCB Bank following the revocation of the license of the two banks by the Bank of Ghana(BoG). Persons familiar with the development say the workers were […]

The Public Utilities Workers Union (PUWU) has sued three institutions that are playing key roles in the privatization of the Electricity Company of Ghana. The suit brought against Electricity Company of Ghana (ECG), the Attorney-General and the Millennium Development Authority (MiDA) is in respect of the non-payment of redundancy package to its members. PUWU in a writ filed at the Accra […]

Former Roads and Highways Minister, Inusah Fuseini, has accused the current administration of peddling falsehood over claims funds earmarked for the rehabilitation of the country’s roads have been used up by the John Mahama-led administration. Mr Fuseini says allegations that the Mahama administration used GH¢1.5 billion as collateral for a UBA loan, thereby making the current administration unable to access […]

The Brong Ahafo Regional Youth Organizer of the ruling New Patriotic Party (NPP), Kwame Baffoe has revealed that the bribery allegation levelled against the two deputy Chiefs of Staff, Abu Jinapor and Francis Asenso-Boakye by musician Kwame A-Plus is based on ‘selfish interest’. According to him, Kwame Asare Obeng, popularly known as A-Plus decided to fight the battle of his […]

The activities of Menzgold Ghana Limited, an investment company operating in Ghana, has been hit with yet another setback following an announcement by the Securities and Exchange Commission (SEC) of Ghana that the company has not been licensed to operate in the capital markets. In a notice published in the Monday, October 2 edition of the Daily Graphic newspaper, the […]

The millions of Ghanaians eagerly waiting to elect their Metropolitan, Municipal and District Chief Executives (MMDCEs), could be disappointed because this may not happen, at least not within 24 months as the New Patriotic Party administration promised. This is because the procedures involved in making such positions electable have not yet been triggered. NPP manifesto promise The New Patriotic Party […]

The University of Health and Allied Sciences (UHAS), has rusticated five students for examination malpractices in the second semester of the 2016/2017 academic year. Two other students are to be expelled from the University for examination related misconduct, Professor John Gyapong, the Vice Chancellor of the University disclosed at the matriculation of newly admitted students for the 2017/2018 academic year. […]

Management of uniBank has responded to claims by Korle Bu Teaching Hospital which sought to explain why it terminated the onsite banking service contract with the indigenous bank. The Public Relations (PR) Department of Korle Bu Hospital in a statement Friday explained the hospital’s decision to award Stanbic Bank a contract for onsite banking services at the facility and the […]