Tuesday, 25 July 2017
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Philanthropist donates to Korle-Bu to mark his birthday

By John Elliot HAGAN, Accra
MR Samuel Amoah, a Sales and Marketing Manager with Fuel Trade Ghana, has donated items to the Children’s Ward of the Korle-Bu Teaching Hospital as part of his birthday celebration.

Ideal Trade Limited supports Joy FM Easter Soup Kitchen

IN line with their corporate social responsibility, Ideal Trade Limited, a subsidiary of Groupe Ideal, threw their weight behind the 2017 edition of Joy FM's annual charity programme, Joy Easter Soup Kitchen.
The event sought to feat mainly the needy in the society in the spirit of Easter.

Invest In Africa calls on Trade and Industry Minister

The Ministry of Trade and Industry (MOTI) has acknowledged important synergies between its work and initiatives that Invest In Africa is currently executing in Ghana.

According to MOTI, some of the identified areas include SME development through IIA’s Business Excellence Programmes (BEP) and the African Partner Pool (APP) an online platform which provides access to markets for businesses.

Credit to private sector picks up

By Augustine Amoah

CREDIT to the private sector picked up in the first two months of 2017, consistent with easing credit conditions as indicated by the latest financial sector survey, the Bank of Ghana (BoG) has published.
On year-on-year basis, private sector credit expanded by 16.2 per cent in January 2017, from 14.4 per cent in December 2016, its latest Monetary Policy Report says.

HFC is ‘Most Telephone Efficient' bank

HFC Bank is the most efficient bank in Ghana as far as response to customer phone calls is concerned, according to the ‘Banking Industry Telephony Efficiency’(BITE) Index by Market Research firm, Walsbridge.
The survey was carried out by way of telephone mystery shopping over a 7-month period between June 2016 and January 2017 at the branch level. A total of 650 phone calls were made to 211 branches of 23 commercial banks from a ‘non‐customer perspective.

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Factors responsible for HFC Bank’s losses revealed

By Elvis DARKO, Accra

THE Managing Director of HFC Bank, Robert Le Hunte, says the driving force behind the bank’s losses, over the past two years, was due to the high level of provisioning that the bank had to take on legacy impaired loans.
He explained that the major factor that has been driving the performance of the bank centres around more rigorous assessment of the bank’s loan portfolio that is being taken by the new management and the higher level of provisioning that are being put against loans that are considered to be non- performing resulting from that assessment.

Vivo Energy Ghana rewards transporters and their spouses

VIVO Energy Ghana Limited, the company that distributes and markets Shell branded products and services in Ghana, has honoured deserving Bulk Vehicle Operators (BVOs) and their spouses at its annual Transporters’ Awards for the year 2016.
The Vivo Energy Ghana Transporters’ Awards ceremony seeks to recognise the achievements of the transporter companies whose services Vivo Energy Ghana employs – J. K. Ahiadome Transport, J. K. Horgle Transport and S. O.

Africa needs diaspora strategy to harness opportunities

A PRIVATE banking consultant, Ms Nilla Selormey, has reiterated the need for Africa to develop a diaspora strategy that will utilizes kills of returnees to harness opportunities in the continent.
She said the strategy must have clearly defined goals based on sectoral analysis that highlight key opportunities in each sector of the economy.
The strategy, she explained, must also involve the segmentation of the African Diaspora into unique segments in order to develop targeted policies.

Access Bank employees impact over 160 communities

VOTED “Outstanding Business Sustainability” by the Karlsruhe Sustainable Finance awards in 2016, Access Bank’s outstanding CSR initiatives have yet again received wide applause with 1,300 volunteering employees undertaking various social intervention initiatives, and impacting over 160 communities nationwide as part of its Employee Volunteering programme (EVP) in 2016.
This feat marks an increase in the number of communities from 136 communities in 2015.

Ecobank pays GH¢240m dividend to shareholders

BY Augustine AMOAH

ECOBANK Ghana Limited has announced a payment of GH¢240.4 million as dividend to shareholders for the 2017 financial year.
To this end, shareholders of the insurance giant would receive 82 pesewas per share as dividend payment for the 2016 financial year.
According to a circular from the Ghana Stock Exchange (GSE), all shareholders registered in the books of the company at the close of business on Friday, April 21 2017 will qualify for the final dividend.