News

The minimum capital requirement for commercial banks in the country could be increased to Gh¢500 million from next year.

This is what JOY BUSINESS has picked up from persons close to reviewing the capital requirement.

A technical committee is already working to determine the appropriate capital levels and the actual time that all the Universal banks in the country should recapitalize to this new proposed levels.

The announcement could be made this year, while implementation could start from 2017.

The late Vice President, Kwesi Bekoe Amissah-Arthur deserves every tear shed by his beloved wife, Mrs Matilda Amissah-Arthur. From all indications, he was everything that a wife wanted to see in a husband.

And as she cried for her soul mate, so also have some of us shed tears for him as a friend, affable and warm in character. Indeed, one of the most recent deaths that has moved me so close to tears is that of the former Vice President. He was someone I would describe as a distant friend in that when circumstances brought us nearer, we exchanged pleasantries.

Over 2.5 million people in the Odaw River Basin of the Greater Accra Region (GAR) will benefit from improved flood risk management, solid waste management and improved access to basic infrastructure and services in targeted communities of the GAR, under the Greater Accra Resilient and Integrated Development (GARID) project.

The $200 million funded project was approved by the World Bank Board of Executives Directors today.

Ghana Black Starlets will face Niger in the semi-finals of the u-17 Africa Cup of Nations in Port Gentil.

The game will be the third meeting both sides in the space of a month after Ghana beat their counterparts twice in a double header with a 2-0 margin.

The Stalets have caught the eye of many progressing to the semis in fine fashion scoring nine and conceeding none. Their counterparts finished second in their group scoring four and conceeding four.

As President Obama prepares to leave the national and global scene much ink would be spent discussing, debating, and dissecting his legacy. While much of this deliberation is likely to focus on his contribution to bare-knuckled politics, raw policy and other fiscal issues I argue that Barack Obama’s imprint on his country and the world goes beyond dollars and cents.

The Chief Executive Officer of Dalex Finance, Ken Thompson says the Bank of Ghana (BoG) must move quickly to deal with the non-bank sector to save Ghana’s economy from collapse.

Mr Thompson said the Bank of Ghana has done a good job in cleaning the banking sector adding that without a robust financial system the economy will collapse.

The President of the Republic, Nana Addo Dankwa Akufo-Addo, left Ghana, on Monday, 26th June, 2017, for a 3-day official, State Visit to the Republic of Zambia, at the invitation of its President, His Excellency Edgar Chagwa Lungu.

President Akufo-Addo will hold bilateral talks with President Edgar Lungu, aimed at deepening the bilateral ties between the two countries, as well as exploring other areas of co-operation to the mutual benefit of the two peoples.

Supreme Court judge, Justice Sophia Akuffo has been confirmed as Ghana’s next Chief Justice.

President Nana Addo Dankwa Akufo-Addo told the media at a news conference at the Flagstaff House Friday, he considers the Justice as the best person to lead the judiciary at this time of history.

The Minister of Education, Mathew Opoku Prempeh, says the double-track system, which government intends to roll out in September this year at the Senior High School (SHS) level, will save the nation at least a billion Ghana cedis.

He suggests that although the government will eventually spend money to expand infrastructure to deal with the challenges brought on by the free SHS policy, the double-track system will, for instance, remove the pressure to rush through obtaining the funds and putting up school buildings.

Time, he said, is not on government's side.