HomeBusinessInvestment

Investment

Aggrieved Menzgold customers appeal to Mahama for financial bailout

Customers of the collapsed MenzGold Ghana Limited are urging the incoming administration of President-elect John Dramani Mahama to provide immediate financial relief to address...

Bitcoin hits new record high of more than $106,000

Bitcoin has surged to a new record high, extending a rally that has seen the cryptocurrency's price rise by more than 50% since Donald...

Elon Musk’s record $447 billion fortune means he’s nearly $200 billion ahead of Jeff Bezos

Elon Musk is nearly $200 billion richer than Jeff Bezos, and personally worth more than Costco, after adding $63 billion to his fortune in...

NPP borrowed more than GHS1 trillion between 2017 and 2024 NOT GHC 622 billion

Claim: X user @scottbolshevik claims that from 2017 to now, Ghana has borrowed over GHC 622 billion, with the Bank of Ghana illegally printing GHC...

Misleading! Mahama didn’t leave office with debt-to-GDP ratio at 56%, inflation at 15%, unemployment rate at 8%

Claim 1:  A Facebook user claims John Mahama, the NDC 2024 flagbearer, left office on January 6, 2017, when Ghana’s debt-to-GDP ratio was 56%. Verdict: False!Explanation Data from...

False! Ghana 7th not 3rd, most food-secure African country

Claim: At the final rally of the New Patriotic Party (NPP) on Dec. 5, 2024, the flagbearer, Dr Mahamudu Bawumia, said: “If you ranked...

T-bills: Government’s target fall short by GH¢2.26bn; interest rate still rising

The government missed its treasury bills target again by a massive GH¢2.262 billion as liquidity remains tight on the money market ahead of the...

Ghana and Seychelles sign two agreements

Ghana and Seychelles have signed a Bilateral Air Service Agreement (BASA) and a Memorandum of Understanding (MoU) to strengthen their bilateral relationship.The MOU is...

AOMC CEO urges struggling OMCs to merge for a stronger industry

The CEO of the Association of Oil Marketing Companies (AOMCs), Dr Riverson Oppong, has called on underperforming Oil Marketing Companies (OMCs) to consider merging...

Gov’t blocks pension funds from offshore investment on currency concerns, sources say

Government is clamping down on private pension fund managers who want to invest in offshore assets on concerns it could worsen pressure on its...

Apple accused of trapping and ripping off 40m iCloud customers

Apple is facing a legal claim accusing it of effectively locking 40 million British customers into its iCloud service and charging them "rip off...

Indian billionaire acquires Pepsi bottling operations in Ghana for $15.1m

Varun Beverages, an Indian multinational led by billionaire Ravi Jaipuria, has agreed to acquire PepsiCo’s bottling operations in Ghana for $15.1 million.In a statement,...

The Tower Residence: Accra’s newest luxury real estate development

In the ever-evolving landscape of Accra's real estate market, The Tower Residence stands out as a beacon of luxury and modern living.Developed by CPL...

Bitcoin tops record $80,000 as Trump nears sweep of US Congress

The price of bitcoin has risen above $80,000 (£62,000) for the first time ever, after Donald Trump's decisive victory in the US election last...

ADB temporarily closes Bawku branch amid rising security concerns

The Agricultural Development Bank PLC (ADB) has announced the temporary closure of its branch in Bawku, citing escalating security concerns in the area.In a...

Ghana to record end-year inflation of 15.0% in 2024 – IMF

Ghana is expected to record an average inflation of 19.5% in 2024, the International Monetary Fund (IMF) has revealed.In its World Economic Outlook, it...

IMF warns world to avoid global trade war

The world economy could contract by the size of the combined French and German economies, if there is a broad-based trade war between the...

Nigeria: Charges against Binance cryptocurrency boss dropped

Nigeria’s anti-corruption agency has dropped a money-laundering case against a top cryptocurrency executive to allow him to get medical treatment abroad.Tigran Gambaryan, a US...

Next of Kin of a deceased bank account holder is not automatic beneficiary – BoG

Did you know that if you are made the next of kin of a bank account by a friend or relative, you do not...

NLA commissions refurbished ultra-modern Brennan Hall

For decades, the National Lottery Authority (NLA) has entertained, thrilled, and enriched fans, patrons, and viewers with its exciting Games and Draws. From its first...

Togo suspends Russian ride-hailing app Yango

Togo's transport ministry suspended the ride-hailing app Yango owned by Russia's tech giant Yandex, over security concerns just months after it began operating in...

National Service Authority Launch: Director-General calls for continued support from government

Director-General of the National Service Authority (NSA) Mr. Osei Assibey Antwi has expressed gratitude to President Akufo-Addo and various stakeholders for their support in...

Friend of the Earth launches sustainable chocolate certification in Ghana

Friend of the Earth, the world’s leading sustainability certification for agriculture, has introduced its Sustainable Chocolate Certification in Ghana, the second-largest cocoa producer globally.This...

Chinese mining company to acquire Ghana’s Akyem gold mine from Newmont in $1 billion deal

China's Zijin Mining Group is poised to acquire the Akyem gold mine project in Ghana from US-based Newmont Corporation in a $1 billion deal.The...

‘Eyes In Dubai’ strengthens African presence with new Johannesburg branch

Eyes In Dubai, a leading travel agency renowned for connecting travellers to the luxurious and adventurous side of Dubai, has taken a significant step...

T-bills auction: Government records marginal oversubscription; but interest rates rise

The government recorded a marginal oversubscription of treasury bill sales after three weeks of failing to meet its target.This is coming after the International...

NCA launches ECOWAS “Free Roaming Initiative” in Ghana, Benin, Togo

The National Communications Authority (NCA) has started implementing the ECOWAS “Free Roaming Initiative” to reduce the cost of telecommunication services for citizens travelling outside...

Insurance Brokers’ services are free to clients; use them – IBAG advises public

The Insurance Brokers Association of Ghana (IBAG) has warned of a growing trend where non-professional institutions, particularly financial institutions, are selling insurance products, often...

Taylor Swift becomes richest female musician with net worth of $1.6 billion

Taylor Swift has surpassed Rihanna to become the world’s richest female musician, with a net worth estimated to be a whopping $1.6 billion.Swift’s ascent was confirmed on...

5 Nobel-worthy discoveries that haven’t won the prize

The best minds in science will be thrust from academic obscurity into the spotlight next week when the Nobel Prizes in physics, chemistry, and...

OpenAI value surges to $157bn in funding deal

OpenAI, the maker of ChatGPT, has raised $6.6bn in its latest funding round, as investors including its early backer Microsoft continue to bet big...

Proper recycling of electronic materials is central to combating climate change – CEO of Electro Ghana Limited

The Chief Executive Officer of Electro Ghana Limited, Nana Yaw Konadu, has revealed that proper recycling of electronic materials is central to combating the...

Get licensed or shut down – Trade Minister directs cement producers

The Minister of Trade and Industry, K. T. Hammond, has directed cement manufacturers to secure licences or halt production immediately.The minister issued the directive...

Bank of Ghana launches Gold Coin to provide investment opportunities for Ghanaians 

The Bank of Ghana (BoG) has launched the Ghana Gold Coin (GGC) to create alternate investment for Ghanaians.The GGC is a coin manufactured from...

Over 29,000 gambling ads in Premier League weekend – Research

The number of betting adverts during the opening weekend of the Premier League season almost trebled compared to last year, new research says.Researchers analysed...

IMF approves $7bn loan to cash-strapped Pakistan

The International Monetary Fund (IMF) has approved a $7bn (£5.25bn) loan to cash-strapped Pakistan. The country is due to receive the first $1bn of the...

No Jobs were lost during banking sector clean-up – Dr. Mark Assibey-Yeboah [Video]

Chairman of the NPP Manifesto Sub-Committee on the Economy, Dr. Mark Assibey-Yeboah, says no jobs were lost during the government's 2017 banking sector clean-up.Speaking...

Finance Ministry replies Trafigura over $134m judgement debt

The Ministry of Finance has assured it is on course to pay the $134 million judgment debt owed to Oil conglomerate Trafigura.In a statement,...

Excessive port charges hurting businesses in Ghana – GIFF chairman [Video]

Romeo Frimpong, Chairman of the Monitoring Committee of the Ghana Institute of Freight Forwarders (GIFF) in the Tema District, has expressed concern over the...

Michael Blackson urges Ghanaians to elect God-fearing leader after losing $1M Eurobond investment

American comedian and actor of Ghanaian descent, Michael Blackson, has expressed his frustration with the Ghanaian government over what he describes as the mishandling...