Business General News

$600m IMF cash credited to BoG account

338  The first tranche of the $3 billion International Monetary Fund Extended Credit Facility (ECF) has been credited to the Bank of Ghana’s account. Joy Business has learnt that the $600 million inflow arrived late afternoon of Friday, May 19, 2023. Joy Business had earlier reported that the IMF Board will approve the “cash disbursement” […]

Business General News

Sinapi Aba Savings And Loans Wins Innovation Hero Award

511 Temenos announced its 2023 Client Awards Winners at the Temenos Community Forum (TCF) in Vienna, celebrating the global pioneers, innovators, and visionaries in banking. Sinapi Aba Savings and Loans was awarded the covetous Innovation Hero Award, only the second time since its inception. This award is in respect of the Financial Institution’s innovative Digital […]

Business General News

Electricity and gas tariffs up by 18.36% – PURC announces

539  The Public Utilities Regulatory Commission (PURC) has announced an 18.36% increase in electricity and natural gas tariffs for all consumer groups following its review of the second quarter of 2023. This decision was made in order to prevent prolonged power outages and the associated negative impacts on employment and livelihoods, while also trying to […]

Business General News

UBA dragged to court over $80,565

603  A Kumasi business man, Osei Kwabena, operating Osei Kwabena Trading Enterprise has hauled the United Bank for Ghana to the High court (Commercial Division) over $80,565. With UBA, the first defendant, is one Prince Effah, a former UBA Branch manager, as second defendant. The plaintiff claims, second defendant fraudulently appropriated $80,565 as an employee […]

Business General News

GIHOC staff demonstrate over delay in salaries, demand the removal of MD

547  Some employees of GIHOC Distilleries Company Limited on Tuesday held a protest at the premises of the company for an improvement in their conditions of service. The employees, clad in red, were agitated by what they said was a delay in payment of their salaries and other entitlements. These entitlements, they claimed, included months-long […]