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Name on MoMo account and ID must match to enable cash-out transaction, MTN says

Starting Friday, April 2, 2021, all mobile money customers would have to present a valid ID card that matches the name on the mobile money account before they can make a cash-out transaction Initially, the company announced that customers would need to present an ID card to the mobile money agent before a cash-out transaction can be done, but CEO ...

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Power challenges pose threat to re-booting economy – IES

The Institute for Energy Security (IES) says the recent power challenges pose a threat to the re-booting economy. In a statement, it said even though the issue of power outages is never a new thing to the Ghanaian economy, the current power challenges require a swift intervention. “Aside the power outages affecting health service delivery, it may definitely affect negatively ...

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Hon. Buabeng brings hope to Nsawam Youths

Hundreds of youths are expected to be gainfully employed following a progressive move by Mr Isaac Kwadjo Buabeng, Municipal Chief Executive of Nsawam- Adooagyiri Municipal Assembly to bring in a business magnate to invest in the area. The investor, namely, Damerco Company Limited is currently constructing three companies within the municipality, including an Aluminium company to manufacture iron sheets and ...

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Ghana and Côte d’Ivoire to collaborate on Cocoa security along common Border

Ghana and Côte d’Ivoire have agreed to form a joint committee to find a lasting solution to security challenges faced by cocoa farmers along with the southern parts of the shared border of the two countries.Ghanaian cocoa farmers who farm across the Tano river are often accosted by irregular Ivorian Para-military forces when they are ferrying their harvest inland.Cocoa farmers ...

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Ghana likely to go back to the IMF

Ghana is likely to go back to the International Monetary Fund (IMF) says Economist at the University of Cape Coast Department of Economics, Dr William Godfred Cantah. Dr Godfred Cantah projected that given the country’s current debt-to-Gross Domestic Product (GDP) status and increasing decline in revenue mobilization, it is likely to happen by the end of 2021 or early 2022. ...

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Databank abandons Agyapa deal

Investment and brokerage firm, Databank has served notice to Imara Holding Limited of their decision to withdraw their services as a partner and transaction advisor in the controversial Agyapa royalties deal. Databank and Imara Holding Limited were co-partners and transaction advisors for the Agyapa Gold Royalties Company. According to the Group CEO of Databank, Kojo Addae-Mensah, in a letter to ...

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Major markets shut down in Nigeria’s capital Abuja for Covid-19 non-compliance

Traders in Abuja are left angry and disappointed after a court ordered the closure of a popular market and two major malls for not complying with Covid-19 safety protocols. Wuse Market, UTC trading mall and Murg Plaza were shut down by the Federal Capital Territory Covid-19 enforcement team. Traders with sad faces lined the front entrances of the Wuse market ...

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Businessman calls for strict laws to tackle corruption

Sir (Dr) Sam Jonah, the renowned businessman, has advocated for strict laws to be enforced in order to deter people from engaging in corruption. Speaking at the 9th joint graduation ceremony at the Kofi Annan International Peacekeeping Training Centre (KAIPTC) in Accra, Sir Sam Jonah said: “It is critical to our security and development that we insist on the proper conduct and productivity ...

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Terkper advises govt to focus on homegrown policies

The former Finance Minister Seth Terkper has asked the government to focus on homegrown policies to revive the economy post-Covid or the country may have no choice but to return to the International Monetary Fund (IMF). Speaking on the Morning Starr on Tuesday, Mr. Terkper added that the government must not project higher growth figures to help it put together a realistic ...

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CeSIS welcomes President’s proposal for an open conversation on Artisanal Mining

The Center for Social Impact Studies (CeSIS) ,a Research and Advocacy non-Governmental Organization has welcomed the call from the President of the Republic, Nana Addo Dankwa Akufo-Addo for an open conversation on artisanal mining popularly known as ‘galamsey’. The move, according to the CeSIS has the potential to completely turn around the small scale mining sector.   “We hope that ...

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