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‘Entry to universal banking still open’

The Bank of Ghana (BoG) says that it has not closed the door to new banks wishing to enter the Ghanaian market, except that each application will be processed on its merit and the value proposition it promises the economy. Speaking at the presentation of the 2015 Banking Survey by the accounting firm, PricewaterHouseCoopers (pwc) in Accra last Wednesday, the Director of the Banking Supervision Department of ...

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UMB launches visa debit card

Universal Merchant Bank (UMB), has launched the UMB Visa Classic Debit Card. The Managing Director/CEO of UMB, Mr. John Awuah stated that, over the past few months customers and partners of UMB can attest to various initiatives taken by the bank to put their interests first. These include the opening of several state of the art branches, the significant expansion of the bank's ATM network, the launch of the ...

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SAS Fortune Fund records growth

Despite the economic downturn, the Strategic African Securities (SAS) Fortune Fund recorded an appreciable performance in 2014. The fund recorded a 20 percent increase in net asset value, growing from GH¢2,604,739 to GH¢3,126,788 at the end of 2014. Fund Manager, Anthony Degbato who revealed this while briefing stakeholders at the 10th Annual General Meeting (AGM) held in Accra said the fund still remained ...

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Banking Awards to recognize most cashless-bank

The Ghana Banking awards slated for today, will award banks that are driving the cashless agenda by promoting various electronic payment options. This is to encourage banks to promote payments with cards on Point of Sales (POS) devices, internet banking and cheques among other non-cash forms of payment. Last year, organisers of the Banking Awards, Corporate Initiative Ghana, introduced a category to reward ...

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COTVET builds capacity of woodworkers

The Woodworkers Association of Ghana (WAG) is accessing support from the Skills Development Fund (SDF) under the Council for Technical and Vocational Education and Training (COTVET) to upgrade skills of master craftsmen. Local woodworkers are struggling to compete with imports of furniture and other wood products into Ghana. To survive the industry, Ghanaian wood processors require the skill sets and equipm ...

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GPHA boosts port security with e-gates

The Ghana Ports and Harbours Authority (GPHA), operator of the country’s seaports, has installed electronic gates at the entry and exit points of the Tema Port as part of efforts to improve security within the port community. The e-gate systems consist of turnstiles and speed stiles, boom barriers and an optical character recognition camera that will capture every transaction and movement within the port. T ...

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Gov’t offers glimmer of hope to DIC workers

Government has indicated that it is working to create some job opportunities for the workers of Destination Inspection Companies (DIC’s) bound to lose their jobs. The over 500 workers are to lose their jobs in by Monday, August 31, 2015 because of government’s decision to end its contract with the five DIC’s. The Customs Division of the Ghana Revenue Authority is to take over the Destination Inspection role ...

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Port users, staff warned against corrupt practices

The 2014/2015 National Service Year Group of the Ghana Ports and Harbours Authority (GPHA) have embarked on a float through the port environs to raise awareness about port users and staff to ensure honesty in doing business at the port. The float formed part of activities to sensitise stakeholders in the port community on the “Integrity Campaign”, a project of the GPHA to address fraudulent acts at the coun ...

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Gov’t to support Single Window operations

Deputy Minister of Finance, Mrs Mona Quartey has assured the Customs Division of the Ghana Revenue Authority of government unflinching support to begin the processing of the Customs Classification and Valuation Report (CCRV). The CCRV, which would replace the destination inspection report also known as the Final Classification and Valuation Report, would start in September 1. Briefing the media after a fami ...

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What Ghana must do to save the cedi – Kufour

Former President John Agyekum Kufour has called for the private sector to be supported to create jobs and save the cedi. “In our current times, when there is a freeze in public sector employment, the burden of providing employment to our teeming youth falls squarely on the private sector,” the former President said Thursday. “We see our youth roam about in the street - some without educational attainment - ...

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