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We will overcome this challenge Nduom !

I have been gone from Ghana for about three weeks. I have been on a business trip to encourage Ghanaians and non Ghanaians interested in doing business in Ghana to invest through our company, Groupe Nduom. Back home, panic withdrawals from financial institutions have continued. I have written about this. I have asked our citizens to stand by our indigenous ...

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Cal Bank injects fresh capital to meet BoG requirement

Source: ghananewsagency.org Cal Bank on Wednesday outlined robust measures which includes injection of fresh capital or capitalisation of income surplus to meet Bank of Ghana (BOG) new Minimum Capital Requirement of GH¢400 million in stated capital by December 2018. The Bank said it would transfer balance of GH¢50 million from income surplus to stated capital to meet the requirement, and ...

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Chinese replicas kick cane weavers out of business

He starts by peeling the bark off the rattan, which we know as cane, and then cuts them into pieces that can be used for weaving furniture, baskets, wardrobes, and lamp-shades among others. This is no small task as it can take as long as five days to complete a set of furniture, for example. Yet Kweku Mante, someone who ...

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Meet the Ghanaian woman making a living from barbering in Accra

Before becoming a full-time barber, Fidelia Adogo had dreams of becoming a military officer, but it was impossible because she had no formal education. So she did what most people handed the same circumstances do – she migrated from Atsiave Adogokope in the Volta Region, to Accra – to make money. Fidelia spoke only Ewe when she first moved to ...

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Dr . Nduom laments Fate of indigenous financial institutions !

What Have I learned From the National Tour to Ask for Support for Indigenous Financial Institutions? 1. Communication is the key to solving problems. Yes, that simple. Human touch, face to face talking to customers and people in general was missing. People appreciated my presence and will like others especially those in authority to go to the people and talk ...

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Flying from Dubai to Accra with Capt. Solomon Quainoo

On Tuesday October 2, Ghanaian flight Captain Solomon Quainoo successfully landed a historic one-off Emirates A380 aircraft at the Kotoka International Airport (KIA), Accra. Capt. Quainoo, who becomes the first Ghanaian pilot to successfully make the inaugural landing in an exclusive interview with Goldstreet Business said he was thrilled to embark on the historic landing as it was a proud ...

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230m dollars lost to cyber criminals-Financial institutions are the major targets

Ghana lost a whopping 229.9 million dollars to recorded cybercrime cases between 2016 and August this year. According to the police, about 60% of the cases reported were fraud related. $35.7 m lost in 2016 Figures available at the Cybercrime Unit of the Criminal Investigation Department (CID) of the Ghana Police Service reveal that $35.7 million was lost to cybercrime ...

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Cedi to end year worse than in 2017 – ISSER

Source: thebftonline.com The Institute of Social, Statistical and Economic Research (ISSER) of the University of Ghana has said that it expects the cedi to depreciate far more cumulatively this year than it did in 2017, given happenings on both the internal and external fronts. As part of its analysis of Ghana’s Economic Performance in 2017, Prof. Peter Quartey of ISSER ...

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