Business & Economy

September 19, 2023 Josiah

160k jobs created, 126 factories operational- Government

The Minister of Trade and Industry has revealed that there are currently 126 operational projects under the government’s One-District-One-Factory policy. In addition to these KT Hammond, said approximately 300 established companies are at various stages of completion, actively participating in the supply chain. Speaking at the Ghana Industrial Summit and Exhibition 2023, organized by the […]

July 5, 2023 Ben

Ghana’s EV Charging Expansion

Ghana’s drive towards the development and execution of an ambitious energy transition framework has come to the forefront as Minister of State at the Finance Ministry, Mohammed Amin Adam, emphasized the significance of establishing electric charging stations to bolster the country’s electric vehicle revolution. During his speech at a conference on Climate Finance for Sustainable […]
2min 214

July 3, 2023 Ben

Forex License Suspension & Fines against Fidelity Bank and First National Bank Ghana

The Bank of Ghana has taken action against Fidelity Bank and First National Bank Ghana by suspending their forex licenses for one month starting June 29, 2023. Besides the license suspension, the two banks have been fined 1000 penalty points for violating sections 3.4, 3.5, and 3.9 of the Ghana Interbank Forex Market Conduct rules. […]
3min 257

June 28, 2023 Ben

Investigation into Missing Gold Coast Fund Server in EOCO’s Care

A group of disgruntled customers from the defunct Gold Coast Fund Management has urged the government to investigate the Economic and Organized Crime Organization (EOCO) activities comprehensively. They claim that EOCO has failed to produce a server crucial to a court case. This server, belonging to the now-defunct Gold Coast Fund Management Company, contains backup […]
1min 232

June 27, 2023 Ben

Botswana impressed with Jospong’s waste management efforts

A delegation from Botswana, led by Finance Minister Peggy O. Serame, recently visited the solid and liquid waste treatment plants of the Jospong Group in Accra. The first stop was at Sewage Systems Ghana Limited (SSGL) at Korle Lagoon, where the delegation learned about Ghana’s process of treating liquid waste to produce clean water for […]
3min 336

June 12, 2023 Ben

Labadi Beach Hotel Appoints David Eduaful as is New CEO

Mr. David Eduaful has been appointed as the Managing Director of Labadi Beach Hotel, Ghana’s premier five-star hotel. With over 30 years of experience in the hospitality industry, David Eduaful is a highly accomplished professional. He is the first Ghanaian Managing Director of a five-star hotel in the country, having previously served in various capacities […]
4min 343

June 10, 2023 Ben

Hotels Busted for failing to Provide VAT Invoices

Six businesses, including three hotels, were apprehended by the Ghana Revenue Authority’s (GRA) Enforcement and Tax Compliance Team for failing to provide Value Added Tax (VAT) invoices. During the operation, conducted jointly by the GRA and the Criminal Investigations Department of the Ghana Police Service, officials from three hotels and three local retail establishments were […]
2min 411

June 9, 2023 Ben

Fidelity Bank’s Focus on Sustainability Strategy

Fidelity Bank has restated its commitment to pursuing an ambitious strategy focused on sustainability, social impact, and responsible corporate practices. The bank has established a dedicated department called Partnerships, Sustainability & Corporate Social Responsibility to drive this agenda. This new department will collaborate with all other business departments to integrate sustainability principles into all aspects […]
2min 264

June 5, 2023 Ben

Yaccarino to Become Twitter CEO

Linda Yaccarino, a former NBCUniversal marketing executive, is set to become the CEO of Twitter, taking over from Elon Musk. Yaccarino recently announced the hiring of Joe Benarroch, a former NBCU executive, to join her at Twitter. She hinted at starting her new job soon with a tweet about the New York skyline, indicating a […]
2min 321

May 24, 2023 Ben

Bank of Ghana’s FICSOC Initiative

In Ghana, the Bank of Ghana has taken significant steps to enhance the cybersecurity landscape for the banking and financial services industry. One of these measures involves establishing the Financial Industry Command Security Operations Centre (FICSOC), which aims to prevent, rapidly detect, share information, and respond to cyber threats targeting the industry and the nation. […]
3min 534

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Omanghana is an online news portal that provides readers around the world with a greater focus on Ghana and other parts of Africa. Established in 2009, Omanghana regularly publishes articles related to News, Sports, and Entertainment.