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Sunday, January 21, 2018

US bars $1.2B Chinese acquisition of MoneyGram

Chinese billionaire Jack Ma has dropped his bid to buy U.S. money transfer company MoneyGram after Washington rejected the $1.2 billion deal in a fresh example of heightened American scrutiny of Chinese investment.MoneyGram International...

BoG places temporary ban on new banking licences

The Bank of Ghana (BoG) says it will from next year place a temporary ban on the issuance of licences to new universal banks, savings and loans companies or microfinance institutions. “The central bank is...

EXIM Bank yet to offer any loans to exporters

It is emerging that the Ghana Exim Bank is yet to make any disbursement to exporters almost two years after its establishment. Some exporters who have been speaking to Citi Business News have attributed the...

Kojo Graham rubbishes NLA conflict of interest claim

A lawyer and former board member of the National Lottery Authority (NLA), Kojo Graham, has denied that he abused his capacity as a member of the board of the National Lottery Authority (NLA), to...

Guinness Ghana giving out gold bars in new Star Beer promo

Star Beer has launched a major national consumer promotion, Star Win Gold Promotion, to reward its loyal consumers with gold bars. Star Beer for the past two consecutive years has won the prestigious Monde Gold...

Second Deputy BoG Governor resigns

The Second Deputy Governor of the Bank of Ghana, Dr Johnson Asiama has resigned. Sources say he has taken his accumulated leave leading to his exit from the bank by the close of this month. Dr...

Ghana: AWA increases flights to Kumasi, Tamale as demand soars

Indigenous airline, Africa World Airlines (AWA), the only airline currently providing domestic air services in the country, has increased its flight frequency between Accra and Kumasi, and Accra-Tamale, to help meet the increased demand,...

Kumasi shoe factory managers collapsing the company – Nitiwul

The Minister of Defense, Dominic Nitiwul, has attributed the current deplorable state of the Kumasi Shoe Factory, on the ineffective management of the company. Formerly known as the Ghana Industrial Holding Footwear Company Limited (GIHOC),...

Robust financial sector will drive economic growth – Ofori-Atta

Finance Minister, Ken Ofori Atta,  has spoken of the need for Ghana to strengthen the capacity of its indigenous banks in order to drive the country towards economic development. According to him, a concerted effort...

Ex Volkswagen executive jailed in US amid diesel scandal

A former Volkswagen executive has been sentenced to seven years in prison and a $400,000 (£298,778) fine, after admitting he helped the firm evade clean-air laws. Oliver Schmidt, 48, is the second person to be...
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