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Business

Business

NIB qualification for bailout questioned

The government has been accused of unfairness in its selection of banks for a bailout after they failed to raise the new GHS400 million minimum capital requirement. According to banking consultant Richmond Atuahene, at least, one of the five banks selected for the GHS2 billion bailout via the Ghana Amalgamated Trust (GAT), does not meet […]Read More
Business

China powers up electric car market

Outside China, few drivers have heard of brands such as Hit BYD or Beijing Automobile Works. But they’re two of the largest players in the world’s biggest market for electric cars. For a decade, the Chinese government has coaxed buyers and manufacturers into the electric vehicle market through subsidies and other incentives. The numbers suggest […]Read More
Business

Ace Ankomah advises Heritage Bank

A private legal practitioner, Mr. Ace Ankomah, has said the shareholders of the now-defunct Heritage Bank, should challenge the Bank of Ghana’s revocation of their license if they feel the regulator treated them unfairly. Among other things, the central bank said the source of Heritage Bank’s capital for its establishment was suspicious, adding that the […]Read More
Business

Ghana discovers biggest oilfield yet

Norwegian oil exploration company, Aker Energy has announced the discovery of what appears to be the biggest oil find in the country’s history to date off the coast of western Ghana. The find has occurred in the oil rich Deepwater Tano area which has already given rise to Ghana’s three oilfields already in production – […]Read More