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Joseph Paddy, Chairman of Abbosey Okai Spare Parts Dealers Association, has denied reports that the group has apologised to former President John Dramani Mahama for voting against him in the 2016 elections.Mr Paddy, who is also the Public Relations Officer of the Ghana Union Traders Association (GUTA) has, therefore,...
Some drivers have expressed their displeasure over the increase in fuel prices for the second pricing window in September. Checks by OtecNews at some fuel pumps on Monday evening showed that Shell had increased its prices. A litre of diesel and petrol are being sold at 5 cedis 18 pesewas...
Government has provided financial support to over 250 businesses selected from the Northern, Upper East and Upper West Regions under the Presidential Business Support Programme (PBSP). The Presidential Business Support Programme is designed to provide funding, technical support, training, mentorship and business advisory services to Ghanaian start-ups, as well as...
Vice President Dr. Mahamudu Bawumia’s recent comments that Ghana’s economy is built on strong fundamentals have received vindication from S&P Global Ratings. Dr. Bawumia while speaking at a Student’s Entrepreneurship Initiative program in Tamale dismissed the minority’s concerns that the recent marginal depreciation of the cedi was occasioned by a...
President Nana Addo Dankwa Akufo-Addo has indicated that many of the problems that plague the country have something to do with the mal-functioning of the law, including the banking crisis that has led to the collapse of some indigenous banks. According to President Akufo-Addo, “the story of every bank that...
President Nana Akufo-Addo has emphatically stated poorly managed local banks cannot expect government support following the collapse of seven banks. The President expressed frustration while interacting with the Ghanaian community in Rwanda that after pumping ¢8bn of taxpayer's money into these banks, its poor liquidity challenges still persisted. From August 2017 to...
So i have been reading and hearing some analyses which are not just misleading but also very inaccurate. Never was it part of the narrative last year after the China trip that government was seeking to enter into a $15 or $20 billion joint venture agreement only for infrastructure...
Customers of First Allied Savings and Loans stormed the various branches of the bank in Kumasi, Ashanti Region on Monday, 3 September 2018, to demand their savings.     Numbering over 500, the customers besieged the bank’s branches at Adum, Asafo, Roman Hill and Suame Magazine among other branches, to withdraw...
Chinese President Xi Jinping pledged debt relief to some poorer African nations, attempting to push back against a major criticism of his signature Belt and Road Initiative. Speaking to the Forum on China-Africa Cooperation on Monday in Beijing, Xi defended the global program to develop roads, railways, ports, pipelines and...
The governments of Ghana and Germany are likely to sign an agreement, Thursday that will lead to the setting up of a car manufacturing plant in the West African country. The agreement will involve German car manufacturing giants Volkswagen if it is consummated. This was disclosed by the President Nana Akufo-Addo...
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