Directors must also go through vigorous interviews before appointment – Justice Sao The Chief Executive of Institute of Directors, Justice Awuku Sao is asking corporate institutions not to appoint people as directors without looking at their competence. According to him, the way directors of institutions are appointed in the country leaves much to be desired … Read more
Latest: Trump to set out his vision of Europe on trip to Poland Pressure Group Occupy Ghana has watered down an alleged report by the Bureau of National Investigations (BNI) and National Security on the Bulk Oil Storage and Transportation (BOST) contaminated fuel saga, describing it as “deficient.” The Minority Leader in Parliament, Haruna Iddrisu … Read more
Pressure Group Occupy Ghana has watered down an alleged report by the Bureau of National Investigations (BNI) and National Security on the Bulk Oil Storage and Transportation (BOST) contaminated fuel saga, describing it as “deficient.” The Minority Leader in Parliament, Haruna Iddrisu on Wednesday hinted that the said report sought to exonerate the Managing Director … Read more
Shareholders of the GCB Bank have shot down a motion to increase the yearly remuneration of the Bank’s Directors, from GHȼ2.5 million to GHȼ4 million. The motion was put forward by the Board at the Bank’s 23rd Annual General Meeting (AGM) in Accra on Friday but shareholders did not approve it, saying the proposed GHȼ4 … Read more
Shareholders of the GCB have shot down a motion to increase the remuneration of the Bank’s Directors, from GH?2.5 million to GH?4 million per annum. The motion was put forward by the Board at the Bank’s 23rd Annual General Meeting (AGM) in Accra on Friday but shareholders did not approve it, saying the proposed GH?4 … Read more
Shareholders of GCB Bank unanimously shot down the decision by board members to increase the annual salaries for all Directors of the Board from a total of GHS2. 5 million to GHS4.5 million. The shareholders said they were not given enough notice and also the company did not have adequate funds for such increments. This … Read more
Ghana Oil Company Limited (GOIL), has recorded an impressive performance in 2016 despite increasing competition and a fall in general consumption of fuel. The largest Indigenous oil marketing company posted a 58.7 percent increase in profit after tax and recorded a 26.95 percent increase in turnover compared to that of 2015. This was announced at … Read more
Government will not tolerate the non-performance of Chief Directors of the various Ministries, Departments and Agencies, Mrs Frema Opare, the Chief of Staff, said on Friday. Speaking at the signing of Chief Directors 2017 performance agreements and 2016 Awards ceremony, Mrs Opare said the harm non-performance had caused to the fortunes of heavily endowed nation … Read more
Government will not tolerate the non-performance of Chief Directors of the various Ministries, Departments, and Agencies, Mrs. Frema Opare, the Chief of Staff has said. Speaking at the signing of Chief Directors 2017 performance agreements and 2016 Awards ceremony, Mrs Opare said the harm non-performance had caused to the fortunes of the heavily endowed nation … Read more
HFC Bank recorded an 18% growth in its assets from GH¢1.6 billion to GH¢1.89 billion in the 2016 financial year. The Bank also saw its deposits going up 31%, outperforming the industry average of 25%, from GH¢1.19 billion to GH¢1.56 billion. However, in the same year under review, HFC Bank and its subsidiaries recorded a … Read more
The Chief of Staff, Frema Osei Opare has warned chief directors not to sabotage ministers pushing through government policies and initiatives. Madam Frema Osei Opare sternly warned that chief directors found culpable will be severely sanctioned. The chief of staff issued the warning during the signing of the performance assessment for chief directors of the … Read more
Three chief directors at the ministries risk being dismissed if they fail to improve their performance in the next round of performance assessment for this year. The three have currently been giving a second chance by the civil service council to up their game. For the 2016 – 2017 performance review, 27 chief directors were … Read more
Recently, the salary levels of some Chief Executive Officers (CEOs) of some state-controlled corporations in Ghana have come under quite a bit of public scrutiny. What has been in short supply is a discussion of the thematic underpinnings of the subject. Questions about how much top executives earn, how that aligns with the interest of … Read more
GCB Bank makes changes to the composition of its board Former Deputy Finance Minister Mrs Mona Quartey and former CEO of the National Petroleum Authority (NPA), Mr Moses Asaga, have resigned from the Board of Directors of GCB Bank. Also resigning from the board are former chair Daniel Owiredu and Ms Faustina Nelson. Meanwhile, Mr … Read more
Directors to report to the acting chief executive of the agency All ten regional Directors of the Youth Employment Agency have been asked to proceed on leave, StarrFMonline.com has gathered. The directors were individually given letters to embark on leave after a meeting with the new Chief Executive officer of the agency Justin Kodua Frimpong … Read more
United Bank for Africa (UBA) Plc, the pan-African financial services group, operating in 19 African countries, has released its audited 2016 full year results, showing significant growth in gross earnings and profits, an attestation to its resilience, enhanced productivity and geographic diversification, evident in the impressive contribution from its African subsidiaries. The Group recorded an … Read more
Tullow Oil plc, one of the biggest players in the country’s oil fields, is to raise £586 million through a Rights Issue in a move expected “to assist the Group to accelerate the reduction of its debt.” The proposed issue of 466,925,724 new ordinary shares will be at an issue price of 130 pence per … Read more
Former Deputy Senior Partner at accounting firm KPMG, Reindorf Perbi has attributed the slow pace of adoption of good corporate governance to certain lapses in the system. Recent reports of mismanagement in certain public and private sector organizations have triggered discussions about the need for business owners in the country to adopt good corporate governance … Read more
The Presidential Transition Act will need to be reviewed to empower chief directors of the various ministries to take control of the preparations of handing over notes of outgoing ministers before the 7th of November in every election year, Dr Michael Ofori-Mensah, a senior Research Fellow at the Institute of Economic Affairs (IEA), has said. … Read more
About 3,700 members of GHAMRO cast their votes to elect new board members for the music rights body The elections for the newest administration of the Ghana Music rights organization(GHAMRO) which was scheduled to take place on the 8th of March ,2017 has been hit by a court injunction. GHAMRO was set to hold elections … Read more