Ghana completed a cleanup of its banking industry in which lenders were required to raise their capital and improve governance, with two-thirds of them meeting the new requirements, Bank of Ghana Governor Ernest Addison said. The West African nation has “23 well-capitalized” banks, compared with 34 previously, which raised their holdings to at least 400 million cedis ($81.1 million), Addison told reporters Friday in the capital, Accra. Reforms announced in September 2017...
Vodafone Ghana has won one lot out of three to begin 4G operations (2x5MHz frequency spectrum block in the 800 MHz Band) for mobile services. The sale of the Spectrum is in line with Section 58 of Electronic Communications Act 2008, Act 775 on Spectrum Management which highlights the NCA’s mandate and the options for Frequency Assignment. According to the Authority, two companies submitted applications, with Vodafone emerging as the only successful...
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