Archive for Business

  • July 10, 2020

    Minister charges...

    The Minister of Employment and Labour Relations, Ignatius Baffour-Awuah, has encouraged employers to engage their local unions to agree on common ways to manage labour challenges in their mutual interest. Mr Baffour-Awuah said in the event of downsizing their workforce, it should be done in consultation with the leadership of...

  • July 10, 2020

    Kasapreko launches...

    Africa’s leading Beverage giant, Kasapreko Company Limited has out-doored Puma Drinks, an addition to its growing range of products. The product was launched in Accra in partnership with Metro Mass Transit (MMT). Speaking at the launch, Commercial Director of Kasapreko Company Limited, Mr. Gerald Bonsu, said that the decision to...

  • July 6, 2020

    Vodafone and...

    Vodafone Ghana has partnered with Opera to give its customers free browsing of up to 50 MB every day for those who use Opera Mini, Opera News, and Opera News Lite on their smartphones. The partnership seeks to enhance the online experience for the millions of Vodafone customers by giving them access to their favourite...

  • July 6, 2020

    Concerned Drivers...

    The leadership of a group calling itself the Concerned Drivers Union will from today increase its transport fares by 30 percent, following the increases in fuel prices. Commercial drivers are also dealing with reduced income because of their reduced intake and adherence to COVID-19 social distancing protocols. The Vice-chairman of...

  • July 4, 2020

    Savings and...

    The Ghana Association of Savings and Loans Companies (GHASALC) granted a total of 12.947 million loans valued at 4.893 billion cedis as at the end of 2019. It was an increase from 7.926 million of loans valued at about GH¢3.212 billion cedis granted in 2018 by members of the association.

  • July 4, 2020

    Government to...

    Government says plans are underway to implement structures of the National Programme of Action for Boosting Intra-African Trade (BIAT) for the country to fully benefit from the African Continental Free Trade Area (AfCFTA). The Trade Minister, Alan Kojo Kyeremateng disclosed this in a meeting with the Advertising Association of Ghana...

  • July 2, 2020

    Business Community...

    Experts in business, education, health and international relations have called on countries to cooperate in the fight against the COVID-19 pandemic. They said to confront the ravages of COVID-19, countries needed to tackle the virus strategically en masse and forge synergies in the collective fight against the global pandemic. This...

  • June 30, 2020

    BP sells...

    British energy group BP, hit hard by the coronavirus pandemic slashing demand for oil, announced Monday the sale of its petrochemical business to privately-owned rival Ineos for $5.0 billion (4.4 billion euros). “The agreed sale… will further strengthen BP’s balance sheet and delivers its target for agreed divestments a year earlier than originally scheduled,” a statement...

  • June 29, 2020

    CBG supports...

    Consolidated Bank Ghana (CBG) has donated ¢50,000 to the Northern Development Authority (NDA) project to help over 500 Kayaye return home. The ‘Bringing back Kayaye home’ project is to provide support to over 500 head porters (Kayaye) in Accra who are willing to return and settle in the Northern Region....

  • June 26, 2020

    COVID-19: Companies...

    To check the spread of COVID-19 at workplaces, the government of Ghana has issued a directive to factories/enterprises with more than 29 employees to provide a registered nurse on site. These industries and factories, according to the government guidelines announced by Trades Minister Alan Kyerematen on Thursday, 25 June 2020,...

  • June 26, 2020

    BoG unable...

    The Bank of Ghana has hinted that it will not be in the position to financially support the government in mitigating the impact of COVID -19 if the pandemic prolongs. The Central Bank has already provided some 10 billion cedis to support the budget in compliance with provisions in the...

  • June 25, 2020

    Court of...

    The legal wrangling surrounding a building belonging to the late Edward Osei Boakye of Boakye Mattress fame came up at the Court of Appeal Wednesday, with the court ruling in favour of the Estate of the late business magnate. Yaw Boakye, who by virtue of a sub-lease from the Estate/Trustees,...

  • June 25, 2020

    Web Technology...

    Mr Kwabena Okyere Darko-Mensah, the Western Regional Minister, has called on the youth to form stronger Patnerships to ensure talents boost in the field of entrepreneurship. He stated that the most important thing that could help the country was for the young people to take a positive lead, which comes...

  • June 25, 2020

    Absa Bank...

    Absa Bank Ghana has won its first global industry award in less than a year after its full rebranding. The bank has been adjudged the 2020 Best Retail Bank in Ghana by the reputable international business magazine Global Banking & Finance Review based in the United Kingdom. This was made...

  • June 25, 2020

    COCOBOD insists...

    CEO of COCOBOD, Joseph Boahen Aidoo has downplayed a report from the Reuters News Agency that international risk underwriters pulled back from the 2020/2021 cocoa syndication loan citing Covid-19 risks. Speaking during the launch of an AfDB 600 million-dollar syndicated loan facility, Joseph Boahen Aidoo reiterated that COCOBOD was in...

  • June 23, 2020

    How intelligent...

    The COVID-19 pandemic has prompted an unprecedented surge in eCommerce transactions, with more and more consumers choosing to shop online especially as their favorite retailers have had to temporarily close their physical stores. In addition, people prefer staying at home and avoid contact with potential contagions outside. Brick-and-mortar retailers are...

  • June 23, 2020

    Crude oil...

    Oil prices were steady on Monday, supported by tighter supplies from major producers but held in check by concerns over a record rise in coronavirus infections worldwide that could stall a recovery in fuel demand. Brent crude rose 10 cents, or 0.2 per cent, to $42.29 a barrel by 0826...

  • June 23, 2020

    Coming up:...

    Ecobank Ghana Limited will on Tuesday, June 23, organise a digital public forum on coronavirus and how it affects an individual’s health and businesses’ finances. The event which will be organised in collaboration with the African Centre for Disease Control will be streamed live on Facebook and Youtube as well...

  • June 20, 2020

    Settle customers...

    A former Finance Minister, Seth Terkper, believes the Akufo-Addo has no excuse for not paying customers of the collapsed financial institutions because of the opportunities afforded by the Energy Sector Levy Act (ESLA) fund. According to him, the Energy Sector Levy was expected to generate GHS28 billion by 2022. On Eyewitness...

  • June 19, 2020

    Pay us...

    Former staff of the collapsed Microfinance and Savings and Loans firms have appealed to the government to expedite action on the payment of their severance packages. The staff say they are in a state of hardship because they did not anticipate losing their jobs. “In view of the unusual times...

  • June 18, 2020

    Ghana’s economy...

    Ghana’s economy expanded 4.9 percent year-on-year in the first quarter of 2020 compared to 6.7 percent in the same period last year. This was driven mainly by the services sector, the Ghana Statistical Service (GSS) said on Wednesday. The Services sector recorded the highest growth of 9.5 percent; the Agriculture...

  • June 17, 2020

    Kinross reaches...

    Canada-based gold miner Kinross Gold has reached an in-principle agreement with the government of Mauritania, which the company says will deliver increased stability and position its Tasiast mine for long-term success. The agreement was a further sign of a “positive” foreign investment climate in Mauritania, Kinross president and CEO Paul Rollinson commented...

  • June 16, 2020

    We have...

    Vodafone Ghana has admitted giving the personal information of its over 10 million subscribers to Kelni GVG. T. The personal information includes (but not limited to) subscribers names, mobile phone numbers, call records, call locations and addresses and mobile money transaction details. The admission came out at the hearing of...

  • June 15, 2020

    Fuel prices...

    The Institute of Energy Security (IES) has projected that prices of fuel on the local market will move up marginally in the second half of the month of June 2020. However, the possible upward price adjustments may not be close to the increases experienced over the last two weeks. The...

  • June 15, 2020

    Banking crisis...

    The odyssey of banking reforms initiated by government has taken a noticeable toll on many Ghanaians. Some victims have already died, others are sick, more are poverty-stricken and most are sorrow-blackened. Aside from wearing the nose masks against COVID-19, victims of the banking crisis are wearing masks of destitution. A...

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