The Gauteng health department controversially used R500 million from Covid-19 funds to refurbish the hospital, with numerous questions subsequently being raised about its capacity and utilisation. The refurbished AngloGold Ashanti hospital. Picture: Gauteng government In a statement on Thursday, the DA decried the use of half a billion rand from the Covid-19 budget on a […]
Category: Ghana Business
Tanzania: Tadb Must Have Impact, Says New Boss
THE new Tanzania Agricultural Development Bank (TADB) Managing Director, Mr Frank Nyabundege, yesterday appealed to fellow workers to work professionally and ensure majority of Tanzanians, especially farmers see the bank as a source of inspiration and a tool for the advancement. He told workers at the bank’s headquarters here that some 70 per cent of […]
Liberian Senate to Probe Sudden Increment in Charges on Containers at the Freeport of Monrovia
MONROVIA – The Plenary of the Liberian Senate has constituted an ad-hoc committee to investigate the increase in fees for inspection and clearing of containers at the Free Port of Monrovia. The decision was reached on Thursday after communication from Senator Edwin Melvin Snowe of Bomi County urged his colleagues to look into the matter. […]
Government to clump-down on overloading cargo vehicles
Mr Kwasi Amoako-Attah, Minister of Roads and Highways, has given a strong indication of working with stakeholders to clump-down on overloading cargo vehicles. He said overloading did not only pose a threat to other road users but was a major contributor to the deterioration of roads and bridges. "Per our studies at the ministry, we […]
Liberia Electricity Corporation Confirms Damaged Turbine at Mount Coffee Hydro Dam; Parts Sent to Europe for Specialist Analysis and Test
MONROVIA – The management of the Liberia Electricity Corporation (LEC) has confirmed that one of the turbines at the Mount Coffee Hydro Power Plant is down, thereby, reducing the capacity of the hydro to three turbines producing 44 megawatts of electricity each. LEC in a statement indicated that all three units have been called into […]
What BoT measures mean to citizens
Bankers say the measures are encouraging and that they will help increase liquidity in financial institutions besides promoting credit to the private sector Dar es Salaam . The productive sector will soon find it easy to access bank loans as the Bank of Tanzania (BoT) issues new measures intended to reduce interest rates on loans […]
TAGG Commends Gov’t On Efforts Towards Managing Third Wave Of Covid-19
Db Bfa Dae C B C Be Fb F Traders Advocacy Group Ghana (TAGG) has expressed its support for the President and his government for their efforts towards managing the pandemic and its impact. Meanwhile, TAGG has also urged the general public to abide by the Covid-19 protocols to prevent the spread of the third […]
Mboweni wants to forge ahead with plans to establish a state bank
South African finance minister Tito Mboweni wants to forge ahead with long-touted plans to establish a state bank and suggested the government take up the central bank’s stake in African Bank Holdings Ltd and use it as a building block for the new lender. The state bank could play a crucial role in providing support […]
South Africa Mulls Stake in Lender as it Covets a State Bank
South African Finance Minister Tito Mboweni wants to forge ahead with long-touted plans to establish a state bank and suggested the government take up the central bank’s stake in African Bank Holdings Ltd. and use it as a building block for the new lender. The state bank could play a crucial role in providing support […]
ADB maintains post-GAT turnaround with profit up 80% in H1
Dr John Kofi Mensah is Managing Director of the ADB After years of underperformance, the Agricultural Development Bank (ADB) appears to have turned the corner permanently – with its unaudited half-year results showing post-tax profit growing by some 80 percent. The bank recorded GH¢55.73million for the first half of the year against GH¢30.96million in a […]