In business this week, the government and management of Consolidated Bank Ghana Limited have refuted reports that the bank has been sold.

In a press release dated September 18, 2024, they stated that there has been no change in the ownership of the bank and that the Government of Ghana remains the sole shareholder.

On financial matters, the former Chief Executive Officer of MASLOC, Sedinam Tamakloe Attionu, is set for extradition as Ghana teams up with U.S. authorities.

The government, through the Office of the Attorney General, said it was working assiduously to extradite Sedinam Tamakloe Attionu, who is expected to serve her 10-year jail sentence.

Also, the Public Utilities Regulatory Commission (PURC) has raised concerns regarding the impending insolvency of the Electricity Company of Ghana (ECG).

The electricity distribution company's ongoing financial problems, according to the PURC, must be addressed.

Meanwhile, President Nana Addo Dankwa Akufo-Addo has appointed Michael Asare Bediako to serve as the Chief Executive Officer of the Millennium Development Authority (MiDA).

Bediako, a former Special Assistant and Technical Advisor to the former Minister of Finance, Ken Ofori-Atta, has been appointed in accordance with Article 195 (1) of the Constitution and Section 15 (2) of the Millennium Development Authority Act, 2006 (Act 702).

Ernestina Serwaa Asante hosted this week's BizHeadlines.