The Council of the Ghana Stock Exchange (GSE) has approved the resignation of Cal Brokers from its membership effective 13th December 2019. In a public statement, Cal Brokers said, “This is pursuant to section 7&8 of the GSE Membership Rules. This means that CalBrokers will no longer be a member of the Ghana Stock Exchange […]

Kojo Oppong Nkrumah, Information Minister The Government of Ghana has terminated the Concession Agreement with the Power Distribution Services (PDS) Limited over the take-over of the assets of the Electricity Company of Ghana (ECG) for distribution of electricity in the southern sector of the country. The move was necessitated by a forensic audit conducted by […]

By Godwill Arthur-Mensah, GNA Accra, Oct. 20, GNA – The Government of Ghana has terminated the Concession Agreement with the Power Distribution Services (PDS) Limited over the take-over of the assets of the Electricity Company of Ghana (ECG) for distribution of electricity in the southern sector of the country. The move was necessitated by a […]

SAN DIEGO and RANCHO SANTA MARGARITA, Calif., Oct. 21, 2019 /PRNewswire/ — Bank of Southern California, N.A. (OTC Pink: BCAL) and CalWest Bancorp (OTCBB: CALW ), today announced the signing of a definitive agreement and plan of merger (the "Agreement") whereby CalWest Bank will merge with and into Bank of Southern California. The merger is […]

File photo The Caucus for Democratic Governance, (CDG-GH) has noted a series of observations following the termination of ithe The Caucus for Democratic Governance, (CDG-GH) has noted a series of observations following the termination of the Power Distribution Services (PDS) which has received some strong reactions from the public TERMINATION OF THE CONTROVERCIAL PDF CONCESSION […]

Information Minister, Kojo Oppong Nkrumah Information Minister, Kojo Oppong Nkrumah, has revealed the government will probe allegations that Power Distribution Services (PDS) relied significantly on cash flow from the sale of electricity to meet its financial obligations under the concession agreement. Following the earlier suspension of the concession agreement by the government, the Millennium Development […]

Ghana Stock Exchange A public statement issued by Cal Brokers said, “this is pursuant to section 7&8 of the GSE Membership Rules. This means that Cal Brokers will no longer be a member of the Ghana Stock Exchange and will therefore no longer provide brokerage services.” Cal Brokers Ltd officially informed the GSE of its […]

William Ato Essien, Founder of the defunct Capital Bank William Ato Essien, Founder of the defunct Capital Bank, and three others whose roles allegedly led to the collapse of the bank, have been admitted to bail by the Commercial Court (High Court Division). Essien, who is also a Majority Shareholder of Capital Bank Limited, Tetteh […]

Every time a crisis such as PMC surfaces, there’s some sympathy over the plight of depositors, and debates around the need to regulate cooperative banks better. The Indian co-operative credit movement has its origins in the late 19th century. When Kiran Gupte saw televised images of anguished depositors breaking down and weeping outside the branches […]

Cal Brokers is set to exit the Ghana Stock Exchange as it ceases its operations. Ghana Stock Exchange In a statement issued by the stock exchange, it said that the exit is due to the decision of the Shareholder and Board of Directors who have announced their intent to resign from the membership of the […]