ZENITH Bank Ghana emerged the second most credible bank in Ghana, according to Credmap Technology Ghana Banking Credibility Index. The inaugural “credibility-rating” engine is capable of combining crowd-rating and data mining to generate “credibility scores” of individuals and institutions using pooled data about their track record, history, commentary, biography, popular sentiment, and reputation. The assessment, […]
Tag: cal bank
Minority heading to court over ‘confusing’ PDS deal
John Jinapor says his primary motive of heading to court, is to protect assets of ECG. The Minority in Parliament is considering going to court over what it says are fundamental breaches in the deal to hand over power supply to the Power Distribution Service (PDS). Former Deputy Energy Minister, John Jinapor says their primary […]
PDS probe: FTI report not the full picture, wait on final report – Government urges public
Information Minister, Kojo Oppong Nkrumah The government has urged the public to be patient and wait for the full report on the investigation into the suspended Power Distribution Services (PDS) concession deal. This is after a report by FTI Consulting, a United States-based consulting firm which was commissioned by the Millennium Development Authority (MiDA) to […]
The PDS puzzle! Consultant ‘clears’ firm but govt, MiDA reject report
File Photo FTI Consulting, a United States-based consulting firm commissioned by the Millennium Development Authority (MiDA) to investigate whether or not Power Distribution Services (PDS) Ltd duly won the contract to manage the assets of the Electricity Company of Ghana (ECG), has confirmed that insurance guarantees were, indeed, paid to back the PDS’s takeover of […]
Exclusive document: PDS, MiDA cleared of fraud allegations
Martin Eson-Benjamin is CEO at Millennium Development Authority. An independent forensic probe into allegations fraud following the takeover of Electricity Company of Ghana (ECG) by Power Distribution Service (PDS) has revealed, there is no evidence to suggest any of the entities involved in the deal conspired to defraud the state. Documents available to JoyNews indicate, […]
Bank of Ghana report says it approved 13 remittance products for 8 universal banks to operate in 2018
Governor of the Bank of Ghana, Dr Ernest Addison Bank of Ghana said it approved 13 remittance products for eight universal banks in 2018. The revelation was made its 2018 Payment Systems Oversight Annual Report. United Bank for Africa (Ghana) Limited (UBA), Barclays Bank (Ghana) Limited (BBG), Access Bank (Ghana) Limited (ABL) among others were […]
GEC Open returns to Ghana
GEC Open, one of the most-awaited premium corporate golf tournaments in the World returns to Ghana for the fourth consecutive time and this year the trains stop at the Achimota Golf Club after the first round at the Royal Golf Club in Kumasi. With expected participation from over 150 corporate executives and industry stalwarts, the […]
Protecting tier 2 occupational pension, tier 3 provident fund – The role of the custodian banks
Until the recent pensions reform, one of the major challenges that had confronted employees, both in the formal and informal sector, had to do with the low benefits and growth of their pension contributions as they near or go on retirement. Interestingly, a lot of well-meaning people working today forget that they would also go […]
PDS suspension was based on misinformation – Lawyers
Lawyers for Power Distribution Services (PDS) Ghana Limited have indicated that their client (PDS) was suspended by the government from carrying out its retail sale of electricity in the country on the basis of misinformation and misrepresentation of facts. It would be recalled that on 30th July 2019, the Ministry of Information issued a press […]
We’ve done nothing illegal – PDS reacts to allegations
Power Distribution Services (PDS) says it has done nothing illegal in its transactions and is thus ready to fully cooperate with the government in its investigations to help find an early resolution to the dispute that has led the suspension of the power distribution concession agreement in the interest of the country. PDS insisted that […]