Business News

Nigeria has taught Ghana how to defy ECOWAS protocols – GUTA

Since late August 2019, Nigeria has closed three of her borders -Seme-Krake, Igolo and Idiroko. According to President Buhari, the move is to curb smuggling of rice into the country through its neighbouring countries. The country further tightened the screws…

Mensa Otabil, 47 others put before court

A financial consultant and a former lecturer at the Ghana Banking College, Dr. Richmond Attuahene has disclosed that 47 more Directors of the collapsed financial institutions would be put before court. According to him, apart from the four (4) that…

You can’t deposit or withdraw money without these three items – Bank of Ghana warns

The Bank of Ghana (BoG) has directed banks and other specialised deposit-taking institutions to ensure that people who deposit money into and/or withdraw same from accounts that are not theirs provide their “full personal details” to the transacting institution. In…

Huawei launches first IP club in Ghana

Huawei Ghana launched its inaugural IP Club in Accra, bringing together private and public sector IT experts for exchange of ideas and development of IP industry in the country. The platform is the first of its kind in Ghana signifying…

Poor BOG supervision caused banking crisis – Mahama confesses

Former President and NDC Flagbearer John Dramani Mahama has been very vociferous about how the Akufo-Addo administration has handled the banking sector reforms but a Parliamentary record has exposed his inconveniencies. According to him, the current government should have concentrated…

Mexico is very interested in a partnership with Ghana for economic development – Mexican ambassador

The Ambassador of Mexico to Ghana Her Excellency Maria de Los Angeles Arriola Aguirre, has called on the Ghana Ports and Harbours Authority as part of her nation’s initiative to enhance economic relations with Ghana. The Mexican ambassador, who was…

35-year-old Ghanaian arrested in $2.1m romance fraud in USA

A 35-year-old Ghanaian Rubbin Sarpong, 35 has been arrested for his involvement in $2.1m Romance fraud in the United States of America (USA). The suspect who faces up to 20 years in prison if convicted is reported to have in…

Chief Justice caught in drama over collapsed banks

Chief Justice Sophia Akuffo, on Monday surprised many people following the uniCredit Savings and Loans Company case against the Bank of Ghana (BoG) over the recent revocation of its license, when she changed the High Court Judge sitting on the…

Why government suspended PDS

Government of Ghana in the late hours of Tuesday, July 30 announced the abrogation of the contract with Power Distribution Services barely six months after the company took over from the Electricity Company of Ghana. In a statement signed by…

Revealing: Fraudster secured ECG deal for PDS

3news.com has gathered that government suspended the concession agreement with Power Distribution Services (PDS) after discovering that the person it had been dealing with was a fraudster. It is now emerging that the officer who executed the Demand Guarantees (Lease…