Business

  • January 23, 2020

    After losing...

    Former UBS Group AG trader Kweku Adoboli fought to avoid deportation from the U.K. to the nation of his birth after his conviction for a $2.3 billion loss at the Swiss bank. Now, he is seeking a comeback in Ghana with a plan to kick-start its mortgage-backed bond market. The 39-year-old was...

  • January 23, 2020

    Internet crash:...

    MTN has announced a data compensation package for its customers following the undersea fibre cut that resulted in the shut down of its internet service for days. Millions of MTN customers could access the internet for three days following the incident. In a statement, MTN CEO Selorm Adadevoh said customers...

  • January 23, 2020

    Tamale to...

    The Ghana International Trade Fair (GITF) will this year be held in Tamale, the Northern Regional capital, from February 27 to March 8, 2020. It will be the second time the region will host the trade fair, after the initial one in 2016. Over 600 indigenous and foreign companies are...

  • January 23, 2020

    2 Jailed...

      The Techiman Circuit court presided over by Alexander Graham, has sentenced two persons to 10 years imprisonment for kidnapping a 10-year old boy. The convicts received the sentence with hard labor. They are to spend the years behind bars at the Sunyani Prisons. It will be recalled that the...

  • January 22, 2020

    Gov’t to...

    The government is to provide interim support for traders who lost their goods and other items at Nigeria’s border following its closure. The government of Nigeria in August 2019 closed the Benin-Nigeria border to stop the smuggling of food and other goods into the country. The border closure has since...

  • January 21, 2020

    Stop inciting...

    The Minister for Communications, Mrs Ursula Owusu-Ekuful has called on industry players to desist from misinforming the public on the digital migration process to ensure a successful migration. She made the call during a stakeholder meeting in Accra. The stakeholder meeting was aimed at updating stakeholders on the digital migration...

  • January 21, 2020

    6 things...

    Last week, the Deputy Finance Minister, Charles Adu Boahen inaugurated a 38-member committee christened the Foreign Exchange Developments Committee with the task of reviewing the existing forex regime and come up with workable solutions to foster a stable exchange regime. The committee, which followed its inauguration with its first meeting,...

  • January 21, 2020

    Bayport Savings...

    Bayport Savings and Loans, one of Ghana’s leading payroll lenders has appointed a new board chairman in the person of Francis Wood. The company recently restructured its board that saw three board members retire and replaced with new members to oversee the business’ transformational agenda. Francis Wood according to the...

  • January 21, 2020

    BoG sensitises...

    The Bank of Ghana (BoG) has started a nationwide financial sensitisation programme to educate personnel of the Ghana Police Service on banking services as well as their rights as consumers of financial services. This forms part of the BoG’s efforts to involve the service which it considers as a key...

  • January 20, 2020

    MTN to...

    Telecommunications giant MTN says it will soon compensate its customers for the data challenges they experienced last week. Customers of the network from Thursday, January 16th to Saturday, January 18th, took to social media and other platforms to complain incessantly about their inability to access data services. MTN in an...

  • January 20, 2020

    Committees won’t...

    A currency analyst Collins Appiah says the depreciation of the Cedi will not be addressed by the setting up of committees. The comment comes on the back of the establishment of a committee by government to investigate the regular fall of the Cedi against the major trading currencies especially the...

  • January 20, 2020

    We won’t...

    The government has given the strongest assurance yet that it has put in place adequate measures to ensure that election-year fiscal slippages do not recur. Ghana will go to the polls this year to elect a President and Members of Parliament (MPs). Since 2000, it has overshot its fiscal deficit...

  • January 19, 2020

    I was...

    Managing Director of GIHOC Distilleries Company Limited has revealed that his decision to assume leadership of the company in 2017 was informed by a challenge to him by President Akufo-Addo. Maxwell Kofi Jumah explained that giving the President eager to see a facelift in organising, marketing and distribution of products of a...

  • January 18, 2020

    Gov’t to...

    Government is set to invest $79 million from the World Bank funded Ghana Economic Transformation Project to support the development of Industrial Parks and Special Economic Zones being developed by private sector investors and the Ministry of Trade and Industry. The package is part of a new World Bank project...

  • January 18, 2020

    Gov’t inaugurates...

    The Finance Ministry has inaugurated a committee to look into the causes of the depreciation of the cedi and propose solutions to the problem. The establishment of the committee, named the FX Development Committee, is a fulfilment of a promise made by the ministry last year to constitute a bi-partisan...

  • January 18, 2020

    Japan Motors...

    Japan Motors Trading Company Ltd, sole distributors of Foton range of vehicles, has made a milestone in the Ghanaian Automobile industry with the launch of 3 new Foton models namely, Foton Auman Energy Super Truck (EST), M-Series Aumark Light Duty Truck and the TM (Mini Cargo Truck). The EST is...

  • January 18, 2020

    Opportunities exist...

    Ghana’s high commissioner to the UK he papa Owusu-Ankomah has urged Ghanaian Garment and Textile manufacturers to take advantage of the numerous opportunities that exist in the UK and European markets following UK’s decision to leave the European Union. “Brexit has opened up new markets, and it is my hope...

  • January 18, 2020

    African Internet...

    Internet users across more than a dozen sub-Saharan African nations experienced slow service after two undersea cables to the continent’s western coast were damaged this week. The so-called WACS and SAT3/WASC cable systems are in the Atlantic Ocean and connect South Africa and many other African countries to Europe, according...

  • January 16, 2020

    Hollard Ghana...

    Hollard Ghana Holdings Limited, with subsidiaries, Hollard Insurance and Hollard Life Assurance, has once more been recognised a Top Employer in Ghana and Africa; a phenomenal achievement conferred by the leading international certification company, The Top Employers Institute. The annual international research, undertaken by the Top Employers Institute, recognises leading...

  • January 16, 2020

    ECG retrieves...

    The Electricity Company of Ghana (ECG)in the Eastern Region has retrieved about GH₡949,000.00 from detected illegal connections in the Region last year. The amount represents penalties and surcharges slapped on customers who were caught using electricity illegally in the year 2019. Speaking to the media in Koforidua yesterday, the Acting...

  • January 16, 2020

    Consumers likely...

    The Institute for Energy Security (IES) is predicting that oil marketing companies will likely increase the prices of their petroleum products to make up for the marginal price movement of crude oil on the international market. “Taking into consideration the two percent increment in prices of Crude oil, coupled with...

  • January 15, 2020

    Financial sector...

    The Governor of the Bank of Ghana, Dr. Ernest Addison has said the current financial sector is healthier than before. The sector is emerging from a crisis that resulted in the loss of millions of investments, and thousands of jobs. Speaking at the University of Ghana’s annual New Year School...

  • January 15, 2020

    Widen tax...

    Mr Ian Walker, British High Commissioner to Ghana, says widening of the tax net was one of the surest ways to achieve the “Ghana beyond Aid Agenda”. He said for Ghana to be self-sufficient, she has to broaden its tax base by extending the net from the formal to the...

  • January 15, 2020

    Siemens, GRIDCO...

    Siemens, a German global powerhouse focusing on the areas of electrification, automation and digitalization, has signed a Memorandum of Understanding (MOU) with Ghana through the Ghana Grid Company Limited (GRIDCo) under the G20 Compact with Africa (CwA) initiative. The agreement will see Siemens working collaboratively with GRIDCo to upgrade and...

  • January 14, 2020

    Ashanti Region...

    The Strategic Business Unit of the Electricity Company of Ghana (ECG) Ashanti Region recorded the highest number of illegal connections during the Christmas festivities. A report issued by the Revenue Protection Unit of the ECG disclosed that the issue also led to the loss of revenue in which measures have...

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