Ghana’s insurance industry overcrowded?

There are strong indications that foreign-owned insurance companies may soon outnumber indigenous ones. About 12 of the 39 companies doing business in the country have some form of foreign participation. Within the past three years after…

What caused the Ghana Cedi to fall?

Not so long ago, the Ghana cedi was considered safe to hold as a store of value - and therefore a good instrument for investment. It was even nicknamed 'Kufuor dollar', reflecting its almost consistent one-to-one parity with the US dollar.…

Kade Goil Station catches fire

The Goil Filling station at Kade at the weekend got burnt when a petrol tanker discharging fuel caught fire. Also burnt was the tanker with registration number GW 1396 Y. The Kade Office of the Ghana National Fire Service (GNFS) is…

Trader fined GH¢500 for stealing ram

The Kade District Magistrate’s Court on Monday sentenced Kate Agyeiwaa, a trader, on her own plea of guilty, to a fine of GH¢ 500 or nine months’ imprisonment in default. Prosecuting, Police Inspector Eric Tetteh told the court presided…

The Kofi Annan interview in This Day

In between sessions at the THISDAY Festival of Ideas, I got a short and interesting interview with Secretary- General Kofi Atta Annan, in his hotel room. Diplomacy at its best: Kofi Annan, who was for eight years the world’s number one…

Another Nigerian bank set to enter Ghana

Another Nigerian bank is set to enter the Ghanaian banking sector soon. The bank, Access Bank received the license to operate from the Bank of Ghana in the country in November 2008, according to a report in the Business Daily, a Nigerian…