• August 22, 2019

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Business Top Story

BoG gives rural banks, microfinance companies 2020 deadline to recapitalize

The Bank of Ghana has given rural and community banks and microfinance institutions up to February 2020 to meet their respective minimum capital requirements. The Bank of Ghana in 2015 announced an upward revision to the minimum capital requirements of rural/community banks to GH¢1 million to be met by December 31, 2017. Also, the central […]

Business Top Story

Opportunity for developers to enhance their skills at MTN Gaming Conference

MTN Ghana through its innovative project ‘WeDey4U’ is launching the first ever game developers’ event at the Accra Digital Centre dubbed MTN Gaming Conference. The conference which comes off on Friday 30th August 2019 seeks to bring together stakeholders like programmers, artists, producers, game designers, audio professionals and business decision-makers to exchange ideas on the […]

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Licences of 23 financial institutions revoked by BoG

The Bank of Ghana has with effect from today, revoked the licences of twenty-three (23) insolvent savings and loans companies and finance house companies. These actions were taken pursuant to Section 123 (1) of the Banks and Specialised Deposit-Taking Institutions Act, 2016 (Act 930), which requires the Bank of Ghana to revoke the licence of […]

Apps Top Story

Instagram introduces tool for users to flag false information

Instagram is introducing an option for users to report seemingly false posts in an attempt to stem misinformation and other abuses on its platform. Posting false information is not banned on any of Facebook’s suite of social media services, but the company is taking steps to limit the reach of inaccurate information and warn users […]

Apps Top Story

Google Play app store accused of anti-gay bias

Google has been accused of discrimination by a popular gay social network after its app was removed from Google’s Play store several times without warning. Hornet disclosed Google often employed moderators in Malaysia, where same-sex relationships are illegal, to vet apps. A rival gay dating app told the BBC that it had also been blocked […]

Gadgets Tech Giants Top Story

No plans for streaming-only console – Xbox Chief

The head of Xbox and gaming at Microsoft, Phil Spencer, has confirmed the company has not made plans to introduce a streaming-only console. Rumours in recent times have however suggested that Microsoft’s next-generation Project Scarlett console would ship with both a high-end version, and a “cloud console” with limited amounts of local compute for things […]

Business Top Story

National Start-Up Investment Pitch Summit set for August 30

National Start-Up Investment Pitch Summit (NSIPS) organized by Ghana Tech Lab comes off at the Accra Digital Centre on Friday, 30th August 2019. The event offers opportunity to tech startups from across the country to pitch their ideas for investors to support their projects. The goal is to showcase top-notch innovations by young innovators to […]

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Applications open for ELiTE 2019 training program

New York based nonprofit organization ELiTE is organizing a 10-day training program for Ghanaian SHS students and ELiTE old students from 18th – 28th August, 2019. The training program include a residential camp for participating students at the Haatso campus of Academic City College. Since 2009, ELiTE’s programs have been attended by top science students […]

Tech Giants Top Story

Elon Musk Says Building a City on Mars Could Cost Up to $10 Trillion

SpaceX CEO Elon Musk has not stopped at lofty talks of colonising Mars. He has even estimated the cost of having a self-sustaining civilization on the Red Planet which is “between $100 billion and $10 trillion”. Musk tweeted his estimates of building a city on Mars in response to a question posed by the Twitter […]

Apps Tech Giants Top Story

Facebook hired human contractors to listen to audio from its Messenger app

Facebook has been paying outside contractors to transcribe audio clips from users of its services, Bloomberg reported on Tuesday, citing people familiar with the matter. The company claims it stopped using human workers to review audio clips more than a week ago, noting that contractors were checking whether Facebook’s artificial intelligence correctly interpreted the messages. […]