Government’s debt to ECG hits 1.6 billion cedis
Government’s total indebtedness to the Electricity Company of Ghana (ECG) has hit GH¢1,599,800,195 as at March 2017.The figure increased from the GH¢1,390,966,034 recorded as...
NDC strategy collapsed IMF program – Kwaku Kwarteng
A Deputy Finance Minister, Kwaku Kwarteng, has blamed the past NDC government for what he says is the failure of the economic assistance program...
COCOBOD subsidises fertiliser for cocoa farmers
Ghana Cocoa Board (COCOBOD) has announced to subsidise the price of purchase of fertilisers for the cocoa farmers across the country which began in May...
Poultry farmers threaten to sell flu infected birds
Poultry farmers across the country have threatened not to report any cases of bird flu incidence on their farms for fear that their birds...
Debt levels decline to 62% of GDP
The Finance Minister, Ken Ofori-Atta, has disclosed that the country’s debt, as a percentage of GDP, has declined from the 73 percent recorded last...
Gov’t has saved GH¢612m by debt re-profiling – Finance minister
The move to re-profile the country’s debt has saved the nation GH¢612million, Ken Ofori-Atta, the Finance Minister, has said.“Our potential savings on domestic interest...
Financier of poultry project under Mahama demands GHC9m from Agric Ministry
A financier in a failed Presidential Special Initiative under the Mahama administration is demanding repayment of about GHC9 million from the government.Boris Baidoo said...
Fiscal discipline key to sustained economic dev’t -Bawumia
The Vice President Dr. Mahamudu Bawumia has stated that maintaining fiscal discipline is critical to ensuring sustained economic growth.According to the governing New Patriotic...
SMSGH now Hubtel
Bulk SMS provider, SMSGH has unveiled their new name as part of recent rebranding activities in truly regal fashion.At a ceremony held at the...
Finance Minister apologises to workers declared ghosts
Finance Minister Ken Ofori-Atta has apologized to all public sector workers whose names were mistakenly removed from government’s payroll.A few weeks ago, the government...
2016/2017 cocoa buying season ends on Thursday – COCOBOD
The Ghana Cocoa Board said the purchase of the 2016/2017 Main Crop Cocoa Season will end at the close of business on Thursday, May...
Put in measures to stabilize inflation – Government urged
Following the rise in inflation from 12.8% in March to 13% in April 2017, some economists have advised government to put in measures to...
Police arrest two over blacklisted MMM microfinance
At least two persons have been arrested by the Police for allegedly luring some unsuspecting persons to subscribe unto the operations of MMM.The arrest,...
Business cost to reduce at ports
The Commissioner of the Customs Division of the Ghana Revenue Authority (GRA), Isaac Crentsil, has assured businesses that his outfit will ensure reduction in...
FDA lifts ban on Adonko bitters
The Food and Drugs Board (FDA) has lifted the indefinite ban placed on the Angel Group of Companies, producers of Adonko Bitters.In a letter...
Locally produced cooking oil can manage diabetes
Various types of vegetable oil produced in Ghana have potential to manage diabetes in human beings.That’s according to scientists at the Kwame Nkrumah University...
Ministry of Finance announces fresh appointments
The Ministry of Finance has appointed new officers to key positions in the Ministry in a bid to help push the reforms the government...
Airtel Ghana extends ‘Wo Mmere Nie’ promotion to reward millions of customers
Airtel Ghana, the Smartphone Network has announced an extension in its groundbreaking Wo Mmere Nie promotion to further reward millions of customers.The promotion is...
Malls are a ready market for made-in-Ghana products – Kofi Sekyere
Chairman of Kumasi City Mall, Kofi Sekyere has said it is about time Ghanaians saw shopping malls as potential markets for locally produced and...
Finance Ministry’s budget director sacked
Sampson Asare Fianko, Director of Budget at the Ministry of Finance, has been relieved of his post, BUSINESS GUIDE has learnt.Mr Fianko would be...
We’ve a laser focus on the economy – Bawumia
Government has begun the implementation of policies and programmes designed to make Ghana the most business-friendly country in Africa, the Vice President Dr. Mahamudu...
Inflation rate for April inches up to 13 per cent
The year-on-year inflation rate went up slightly in April to 13.0 per cent, up by 0.2 percentage points, compared with the 12.8 per cent...
Akufo-Addo calls for increase in sale of Ghanaian goods at Malls
President Nana Addo Dankwa Akufo-Addo, has indicated that it is his hope that the newly launched Kumasi City Mall will not be a place...
FULL TEXT: Akufo-Addo’s speech at Kumasi City Mall opening ceremony
REMARKS BY THE PRESIDENT OF THE REPUBLIC, NANA ADDO DANKWA AKUFO-ADDO, AT THE FORMAL OPENING OF THE KUMASI CITY MALL, ON WEDNESDAY, 10TH MAY,...
Owusu Bempah is new Ghana Gas Communications Director
The Communications director for the National Democratic Party (NDP) Ernest Owusu Bempah has been appointed director of communications for the Ghana Gas Company by...
Akufo-Addo commissions Kumasi City Mall today
President Akufo-Addo will today, Wednesday May 10,2017 join the Asantehene Otumfuo Osei Tutu to commission the Kumasi City mall.Addressing the media on the ceremony,...
High tariffs endanger power export agenda
The country’s attempt to export power to its neighbouring countries will suffer a major setback if tariff differentials between independent power producers (IPPs) signed...
National ID will cut banking cost, boost financial inclusion – Ecobank Boss
Ecobank Ghana Boss, Daniel Kwei-Kumah Sackey has urged government to commit to its promise of delivering the National Identification Cards this year because it...
Accra Brewery’s Beta Malt gets new look
Ghana’s premier brewery, Accra Brewery Limited, (ABL), has launched a new brand campaign for its non-alcoholic malt beverage, Beta Malt, dubbed “The Only Way...
Minister for Communications pays working visit To NCA
The Minister for Communications, Mrs Ursula Owusu-Ekuful, on Monday 8th May, 2017, paid a working visit to the National Communications Authority (NCA). Accompanying her...
132,500 barrels of oil produced daily in first quarter
Gross sales volumes of crude oil in the first quarter of 2017 averaged approximately 132,500 barrels of oil per day (bopd).This comprises 82,500 bopd...
Contractors owed GH¢1.3bn – Report
Contractors engaged by government for the execution of various projects across the country are owed Ghc1.3 billion as at December 2016, the Parliamentary Select...
‘Second revival coming to Komenda sugar factory’
The Akufo-Addo government has assured, it will revive the Komenda Sugar factory after it was shut down last year for reasons blamed on the...
Bank savings accounts are not investment accounts
Savings consists of the amount left over when the cost of a person's consumer expenditure is subtracted from the amount of disposable income he...
CDH boss is Group CEO of Year 2016
The Group Chief Executive of CDH Financial Holdings Limited, Emmanuel Adu-Sarkodee has won the prestigious and coveted Group Chief Executive Officer of the Year...
World Bank gives Ghana $1.2bn
The World Bank’s International Development Association (IDA) will provide Ghana with an amount of $1.2 billion from July 2017 to June 2020 to support...
12m people without pension as fund managers, telco devise new strategy
An estimated 12 million people in the informal sector of the economy are without any form of pension, a situation that leads to loss...
26,000 ‘ghost’ workers miss deadline again
Checks by Citi Business News have revealed that most of the 26,000 public sector workers who were to miss their April salaries over failure...
Ghana steps up efforts to avert food insecurity
As Ghana steps up efforts to avert food insecurity, the Ministry of Food and Agriculture (MoFA) has launched a five year flagship program dubbed...
World Bank gives Ghana $1.2bn over the next 3 years
The World Bank’s International Development Association (IDA) has committed US$1.2 billion to support Ghana’s economy over the next three years.The allocation, which will span...