Business

  • July 19, 2019

    ‘Insurance Could...

    Editor-in-Chief of Integrity Magazine, Rev. Kennedy Okosun, has indicated that the insurance industry could overtake the banking sector in Ghana in terms of Gross Domestic Product (GDP). According to him, sound policies have resulted in the insurance industry taking over the banking sector in some countries around the world. He...

  • July 19, 2019

    Enforce laws...

    The Majority Leader has backed law enforcement agencies to go all out and enforce the country’s law barring foreigners from engaging in retail trade. Osei Kyei Mensah Bonsu insists no treaty entered into by Ghana supersedes domestic laws. “In its dealings with other government shall protect and promote the interest of...

  • July 18, 2019

    PIAC rejects...

    Chairman of the Public Interest and Accountability Committee (PIAC) Dr Steve Manteaw, has rejected claims by some oil and gas companies that the poor data quality on oil blocks is compelling them to go for direct negotiation rather than competitive bidding. He said that claim cannot be a good justification because the principles...

  • July 18, 2019

    Gov’t to...

    Government is working with authorised automobile dealers and distributors as well as leading financial institutions to introduce a comprehensive financing scheme to enable Ghanaians to buy ‘Made in Ghana’ vehicles. Also, the government has entered into discussions and negotiations with global automobile manufacturers, including Toyota Ghana Limited to establish vehicle...

  • July 18, 2019

    Bawumia lead...

    Vice President Dr Mahamudu Bawumia is leading a government delegation on a trade and investment mission in Canada. The mission in Vancouver on Saturday is organised by the Ghana High Commission in collaboration with the Canada Africa Strategic Investment Group Inc. Dr Bawumia will also deliver a lecture at the Simon Fraser University,...

  • July 17, 2019

    Prove your...

    Former Finance Minister, Seth Terkper, has challenged the government to prove its ability to keep its debt levels down by ending the excessive borrowing. His call comes after the latest report by the IMF and World Bank revealed that Ghana is at high risk of debt distress. The IMF again...

  • July 16, 2019

    Govt, AGI...

    The Alliance for Development and Industrialisation (ADI) one of the leading think tanks in the country, has urged the Nana Akufo-Addo-led administration and some key institutions to raise at least $5 billion in the next five years to enable some industries to take advantage of the Africa Continental Free Trade...

  • July 16, 2019

    Govt urged...

    The Alliance for Development and Industrialization, (ADI), is urging the Akufo Addo administration, to collaborate with Association of Ghanaian Industries, the Ghana Chamber of Commerce and Industry (GCCI), and the Ghana Export Promotion Authority to raise US$5 billion in the next five years to support industries to enable them to...

  • July 16, 2019

    Factory pollution:...

    Days after the Environmental Protection Agency (EPA) ordered two steel factories – United Steel and Rider Steel to shut down for not complying with Ghana’s environmental safety regulations, only one of them, Rider Steel has complied. A visit to the United Steel factory last Thursday saw factory workers still at...

  • July 15, 2019

    Clearance granted...

    The Ministry of Finance (MoF) has granted letters of commencement to the three development authorities in the country to commence full implementation of the $1 million per constituency pledge under the Infrastructure for Poverty Eradication Programme (IPEP) for the 2020 fiscal year. The commencement certificate makes available, GH¢1.664 billion (equivalent...

  • July 15, 2019

    Renewable Energy...

    The Ministry of Energy has stated that the Renewable Energy Act will soon be amended to bring more clarity on the policies and regulations of the Act. According to the Ministry, the move is to ensure active participation of the private sector in achieving the government’s goal of scaling up...

  • July 14, 2019

    More S....

    The Government of South Korea has pledged to encourage its private investors and businesses to take advantage of the African Continental Free Trade Area (AfCFTA) Secretariat to trade in Ghana. Ghana recently won the bid to host the Secretariat of the AfCFTA. Visiting South Korean Foreign Minister to Ghana, Kang...

  • July 14, 2019

    Ghana is...

    In the past few years, the unprecedented growth of mobile financial services in sub-Saharan Africa has defied all expectations. While Kenya is often cited as a leading example of digital transformation, Ghana has recently become the fastest-growing mobile money market in Africa, with registered accounts increasing six-fold between 2012 and 2017. The...

  • July 14, 2019

    Karpowership assures...

    Karpowership Ghana Company Ltd has allayed fears of possible power supply challenges over its planned relocation of the 470 megawatts powership from Tema to Sekondi in the Western region next month. The builder and operator of the floating power plant has been supplying power to the national grid since it...

  • July 13, 2019

    Heritage Bank...

    Some staff of defunct Heritage Bank have accused the Receiver from PricewaterhouseCoopers (PwC), Vish Ashiagbor of shortchanging them. According to them, Mr. Ashiagbor has refused to pay what is due them amid dispute. Justice Bonney, who spoke on behalf of the staff questioned the legitimacy of the package being negotiated....

  • July 13, 2019

    AfCFTA: Ghana...

    The Government says it will put in place the necessary structures to ensure that any concerns that may arise from the implementation of the African Continental Free Trade area are dealt with. The coming into force of the free trade area agreement will mean that member countries harmonize their trade...

  • July 13, 2019

    GTBank named...

    Foremost African financial institution Guaranty Trust Bank plc has been named the Best Bank in Africa 2019 by Euromoney at its annual Awards for Excellence, which held in London on Wednesday, July 10, 2019 at the London Hilton Hotel, Park Lane. GTBank was also named the Best Bank in Nigeria...

  • July 12, 2019

    EIU predicts...

    The Economist Intelligence Unit (EIU) is predicting that the government will struggle to lower its expenditure in the run-up to the 2020 general elections. Despite government passing the Fiscal Responsibility Act last year aiming to limit future budget deficits to a maximum of 5% of GDP, the London-based business advisory...

  • July 12, 2019

    Don’t introduce...

    Cocoa farmers in the country have been advised not to introduce partisan politics into the operation of newly launched farmer cooperatives in the sector. National President of Ghana Cocoa, Coffee and Shea nut Farmers Association (COCOSHE), Alhaji Alhassan Bukari, said the feet of such farmers associations have weakened in times...

  • July 12, 2019

    NAM 1...

    Menzgold CEO Nana Appiah Mensah will be processed for court today after his interrogation by the Police CID Thursday. He was denied bail by the police after he was picked up at the Kotoka International Airport upon arrival from Dubai where he was kept in prison since last year over...

  • July 12, 2019

    VRA endorse...

    The Volta River Authority (VRA) has endorsed the public education awareness campaign on punctuality at the 21st edition of the campaign marked in Accra on Tuesday. The public education awareness campaign is meant to promote punctuality and effective time management in the country and to harness their potentials for rapid...

  • July 12, 2019

    Mid-year review,...

    Finance Minister Ken Ofori-Atta has revised the date that he is expected to present the Mid –Year Review and the supplementary budget to parliament. JoyBusiness is learning that the Finance Minister is now likely to do the presentation on July 24 instead of the initial July 17. The Chairman of Parliament’s...

  • July 12, 2019

    The sorry...

    Akosua looked at her watch for the second time, as she thought to herself, “didn’t this rider say he was only 5 mins away”? It had been an hour and 15 mins. She called him again. “Boss, please, where are you? I thought you said you were 5 mins away;...

  • July 11, 2019

    Receiver of...

    Nii Amanor Dodoo, the receiver of the defunct uniBank, has no capacity to initiate a legal action in his name against the shareholders of the bank, the Accra High Court has ruled. The court has, accordingly, dismissed a suit filed by the receiver which sought to find 16 shareholders of...

  • July 11, 2019

    Review power...

    Executive Director of Africa Centre for Energy Policy (ACEP), Benjamin Boakye, has advised the government to rationalise the power sector by cutting out some of the excess power generated by the Independent Power Producers (IPP). According to Mr Boakye, this can only be achieved when government boldly cancels some contracts...

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