Month: May 2024

Cedi Hits GH¢14.18 To A Dollar; Year-To-Date Loss Reaches 13.45%
02 May

Cedi Hits GH¢14.18 To A Dollar; Year-To-Date Loss Reaches 13.45%

Wontumi1Business,
The depreciation of the cedi to the dollar continued unabated as the local currency hit GH¢14.18 to the American greenback on the retail market. This is coming despite the Bank of Ghana selling $20 million to the Bulk Oil Distribution Companies (BDCs) in the 51st auction. The local unit has so far lost about 13.45% to the US dollar, making it one of the poor-performing currencies on the African continent in 2024. The local unit began this week, selling at GH¢14.05 to the dollar at most forex bureaus. Though analysts expected this auction to soak up some forex demand on…
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GNPC Welcomes New Boss
02 May

GNPC Welcomes New Boss

Wontumi1Business
The new Ghana National Petroleum Corporation (GNPC) CEO, Joseph Abuabu Dadzie starts work today after his appointment by President Akufo-Addo on April 4. He takes over from Opoku-Ahweeneh Danquah whose term of office ended on April 26, 2024. Until his appointment, Mr Dadzie was GNPC’s Deputy Chief Executive responsible for Commerce, Strategy & Business Development. Before this, he was the Corporation’s General Manager, Commercial from June 2017 to August 2020. Mr. Dadzie is an accomplished Financial and Management Executive with over 25 years of experience at various executive and senior management levels in five organizations spanning energy, oil and gas,…
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Flavour Reacts As Fans Drag Him Into Davido, Wizkid Beef
02 May

Flavour Reacts As Fans Drag Him Into Davido, Wizkid Beef

Wontumi1Showbiz,
Renowned Nigerian artiste Flavour has begged to be exempted from the ongoing feud between his colleagues, Davido and Wizkid over musical supremacy. In the last few days, Davido and Wizkid have jabbed each other and rubbed their achievements on each other’s faces after a tweet where Wizkid subtly claimed he is the Messiah of their music industry. He sent subliminal shots to Davido unwarranted, which he caught on and responded, fueling their long-held rift. Amid their brags, some netizens urged them to tone down, as the likes of Flavour are still in the industry. Addressing netizens in a tweet, Flavour…
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I’m Grateful To Everyone For Your Support During Ejisu By-Election- Chairman Wontumi Expresses Gratitude
02 May

I’m Grateful To Everyone For Your Support During Ejisu By-Election- Chairman Wontumi Expresses Gratitude

Wontumi2Featured, News
The Ashanti regional chairman of the ruling New Patriotic Party(NPP), Bernard Antwi Boasiako has expressed his profound gratitude and heartfelt appreciation to individuals, groups,, electorates of Ejisu, NPP Executives at the national, regional and constituency and polling station level, traditional leaders and everyone, for their enormous support in ensuring that the NPP candidate, Lawyer Kwadwo Boateng won the Ejisu By-election. He said the unconditional love and support shown to the party during the entire electoral process, is one that he can never forget as the regional chairman of the party. "I salute everyone for their tireless effort and contribution for…
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BoG Urges Banking Sector To Embrace Innovation
02 May

BoG Urges Banking Sector To Embrace Innovation

Wontumi2Business
The Bank of Ghana (BoG) has called on the banking and finance industry to prioritize innovation, adaptation, and evolution to meet the changing needs of the sector. This clarion call was made by Dr. Maxwell Opoku-Afari, the First Deputy Governor of the Bank of Ghana on behalf of the Governor, Dr. Ernest Addison, during a speech commemorating the 30th anniversary of the National Banking College (NBC). “The commitment to innovate, adapt, and evolve to meet the changing needs of the banking and finance industry should be at the forefront of all our endeavours,” Dr. Opoku-Afari stated. “This will help us grow a strong and…
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Closure Of Aflao Border Slows Business In Ghana
02 May

Closure Of Aflao Border Slows Business In Ghana

Wontumi2Business
Aflao, a border town between Ghana and Togo, has experienced a significant decline in business activities due to the temporary closure of the Ghana-Togo border. The closure is part of the security arrangements for legislative and regional elections in Togo. However, many residents of Aflao were unaware of the border’s closure, as the information was mainly disseminated through Togolese government’s social media platforms. Local traders and business owners have expressed their concerns about the impact of the border closure on their livelihoods. A trader in Aflao mentioned that they were unaware of the elections in Togo and questioned how they…
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Office Of The Registrar Of Companies Raises Penalty For Late Annual Returns
02 May

Office Of The Registrar Of Companies Raises Penalty For Late Annual Returns

Wontumi2Business
The Office of the Registrar of Companies (ORC) in Ghana has announced an increase in penalties for late filing or non-filing of annual returns, raising the fee from GHC650 to GHC1,000 effective May 1. The decision aims to dissuade companies from failing to submit their annual returns promptly, as mandated by the Companies Act, 2019 (Act 992). This move comes after the ORC publicly highlighted defaulting companies through various media outlets and its official website. According to Section 126 of the Companies Act, every company must file its Annual Returns at least once a year or within thirteen months of…
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Zamalek Have Shown Interest In Signing Some Dreams FC Players – Ameenu Shardow
02 May

Zamalek Have Shown Interest In Signing Some Dreams FC Players – Ameenu Shardow

Wontumi2Sports
Dreams FC's General Manager, Ameenu Shardow, has disclosed that numerous players from the club have attracted attention from various African clubs, including champions Zamalek from the 2018/19 season. This revelation has sparked speculation regarding the potential departure of standout players such as Abdul Azziz Issah. Shardow made these statements during an appearance on Citi TV on Wednesday, May 1, 2024. He revealed that discussions with interested clubs have taken place, but emphasized that they are still in the early stages. "Almost the entire team has garnered interest from some clubs in Africa, but these are just initial conversations. "After our…
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We Are Unhappy With Recent Results – Hearts Of Oak Assistant Coach
02 May

We Are Unhappy With Recent Results – Hearts Of Oak Assistant Coach

Wontumi2Sports
Abdul Bashir, the assistant coach of Accra Hearts of Oak, has expressed dissatisfaction with the recent outcomes of the team. The Phobians were defeated 1-0 by Accra Lions in the Ghana Premier League on Wednesday afternoon. This loss marks the fourth defeat in the last five matches for Hearts of Oak. Coach Abdul Bashir highlighted that the main issue the team is facing is goal scoring. Despite seeing the players score during training sessions, the team is struggling to replicate this in actual matches. Coach Bashir emphasized the importance of addressing this problem and making necessary corrections. Looking ahead to the…
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