Chinese state-backed media group CMC Inc said on Tuesday it raised around 10 billion yuan ($1.49 billion) in a fundraising round from investors including tech giants Alibaba Group Holding Ltd (BABA.N) and Tencent Holdings Ltd.
CMC Inc, one half of … Read the rest
Ghana on the average loses US$1.4 billion annually in the natural resources sector to illicit financial flows (IFFS), a report has indicated.
The report indicated that over a 10-year period, from 2002 to 2011, cumulative gross illicit flows from trade … Read the rest
Only eight out of the 37 companies operating in the savings and loans industry have paid up capital above the minimum amount of GH¢15 million, the Bank of Ghana (BoG) has said.
The quality of assets in the sub-sector has … Read the rest
Two major auto trade groups on Wednesday warned the Trump administration that imposing up to 25 percent tariffs on imported vehicles would cost hundreds of thousands of auto jobs, dramatically hike prices on vehicles and threaten industry spending on self-driving … Read the rest
The Board of Directors of ADB Bank have agreed to use a renounceable rights issue to raise GH¢310 million in fresh capital to be able to meet the Bank of Ghana’s new minimum capital of GH¢400 million, Graphic Online has … Read the rest