To flush out unscrupulous operators Kwesi B. Amissah-Arthur, Governor of Bank of Ghana The Ghana Association of Microfinance Companies (GAMC) is bracing up to protect the industry and help safeguard funds of depositors. The business group is to operate under the second tier of the regulated microfinance institutions, which include susu companies taking deposits and making profits. Under the new Bank... 

GT Bank says it has acquired the licence to issue MasterCard debit cards in Ghana. Additionally, the bank would shortly follow up with the deployment of its MasterCard POS payment solution, which is ideal for hotels, restaurants, supermarkets and gas stations among other outlets. The move is aimed at providing alternative payment services to customers and business people. MasterCard’s are invaluable... 

Dr. Kwabena Duffour, Finance & Economic Planning Minister The West African Monetary Institute (WAMI) and the African Capacity Building Foundation (ACBF), have signed a 2 million-dollar grant agreement to strengthen the ability of the Institute and stakeholders to attain the monetary union goal by 2015.   The move is aimed at facilitating the preparatory activities for the West African Monetary... 

Device Reputation Authority, iovation, which protects online businesses from fraud and abuse, has announced January 31, 2012 that transactions originating from Ghana are most likely to correlate to fraud. The transactions are said to be in online financial services, retail, gaming, and social communities among others. This was after the US-based company released its key findings on online fraud for... 

George Andah Glo Mobile Ghana Limited announced today it has reached the threshold set for its number reservation exercise, prompting the company to introduce a second block of number series to enable as many people as possible to reserve their preferred numbers.   It will be recalled that on January 19, Glo Mobile Ghana Limited launched a ‘Reserve Your Number’ campaign as the first of activities... 

Delhi and Mumbai will be the first Indian cities to see Starbucks stores Starbucks has unveiled plans to open its first outlets in India. The US coffee giant said the first coffee shops would open by September in a 50-50 joint venture with Tata Global Beverages. The outlets are to be co-branded “Starbucks Coffee: A Tata Alliance”, on an initial investment of 4bn rupees ($80m). Starbucks... 

In CNN-Ghana tourism documentary   Francis Dadzie, Executive Director of AAG The Advertising Association of Ghana (AAG) has called for its members to be given key roles in a tourism project on Ghana that will be aired on Cable News Network (CNN). The Vice President, John Dramani Mahama, has directed the Minister of Tourism, Akua Sena Dansua, to conclude arrangement with the CNN for a documentary... 

As Vodafone rises   Tigo Ghana Boss, Carlos Caceres Fresh figures published by the National Communication Authority (NCA) for the year ending December 2011, indicate that between November and December Tigo lost a further 108,995 subscribers whiles Vodafone added on some 96,697 more. The report indicates Tigo posted some 3,921,754 subscribers in December, indicating a dip from 4,030,769 a month... 

The Ghana Energy Commission and Halla Energy and Environment, a Korea based Company have entered into an agreement aimed at investing into the country’s solar energy generation. Chief Operating Officer of the Company, Mr. Byung Nam Kim, at a press conference last week, mentioned that Ghana has vast resources for solar energy which should be exploited for the benefit of the country. According to him,... 

China at the week-end said it would provide a total of RMB 600 million free assistance to the African Union (AU) in the next three years. The Asian nation said it was ready to add new dimension to the development of China–Africa relations, and would work with the AU to improve on the mechanism of the China-AU Strategic Dialogue. Furthermore, China would enhance co-operation in cross border and cross...