HomeBusiness

Business

NLA to partner global leader, Scientific Games

The National Lottery Authority (NLA) may soon clinch a transformative partnership with Scientific Games. The partnership is to further position NLA as a competitive global...

Next of Kin does not automatically inherit bank accounts – BoG

The Bank of Ghana (BoG) has urged the public to carefully select their next of kin, emphasizing the importance of choosing someone who is...

Grain export ban ineffective, root causes must be addressed – Minority

The Minority spokesperson on Agriculture and Member of Parliament for Asunafo South, Eric Opoku, has criticized the government’s recent ban on grain exports, arguing...

PAC cautions Assemblies against paying below minimum wage

Any District, Municipal and Metropolitan Assembly found culpable of paying its casual workers below the nationally mandated minimum wage will be prosecuted, Dr James...

Deploy security agencies to tackle ‘galamsey’ – Agriculture workers tell government

The General Agricultural Workers Union (GAWU) is advocating for the government to extend the recent security measures used to prevent farmers from exporting grains...

MIIF injects $700m into Ghana’s economy, records GH¢409m profit in 2023

The Minerals Income Investment Fund (MIIF) in 2023 defied all odds and the global economic downturn with a stellar financial performance in 2023 recording...

It’s premature for the government to ban the export of grains – PFAG

Executive Director of the Peasant Farmers Association of Ghana (PFAG), Bismark Tetteh, says the government's decision to ban the export of grains is premature. According...

Abena Osei-Asare reaffirms Bawumia’s commitment to partner faith-based organisations to drive development

The Member of Parliament for Atiwa East constituency, Abena Osei-Asare has reaffirmed the flagbearer of the New Patriotic Party (NPP), Dr. Mahamadu Bawumia government's...

Admission World Consult Ltd. wins educational consultancy of the year

Admission World Consult Ltd., the No. 1 educational consultancy company in Ghana, has been named Educational Consultancy Company of the Year for the second...

GCB Bank PLC maintains strong profit growth in first half of 2024

GCB Bank has recorded strong profit growth in the first half of 2024 (1H 2024) compared to the same period in 2023. This strong performance...

Bond market: Total volume exchanged decreased by 39.74 to GH¢1.3bn

Trading activities in the secondary market moderated, with total volume traded declining by 39.24% to GH¢1.3 billion. This was down from GH¢2.1 billion recorded in...

Inflation to increase to 21.8% in August 2024 – Report

Inflation is expected to surge to 21.8% in August 2024, IC Securities has predicted. According to the investment firm, this is due to unfavourable base...

Cedi depreciation to continue; depreciates 24.5% to dollar since January 1, 2024

The recent depreciation of the Ghana cedi against the major foreign currencies is expected to continue due to subdued foreign exchange liquidity. Last week, the...

We disagree with decision to ban export on grain – Peasant farmers

Peasant Farmers Association is not pleased with the government's recent ban on the export of key grains, including maize, rice, and soybean. This concern comes...

Drought: Over 430K farmers already affected; GH₵3.5bn lost

Minister of Food and Agriculture, Bryan Acheampong, revealed that a severe dry spell in northern Ghana has directly impacted 435,872 farmers, who were cultivating...

Cedi hits GH¢16 to a dollar on retail market

The Ghana cedi has hit the GH¢16 mark to a dollar on the retail market after weeks of relative stability. This is how much most...

Parliament must probe Gold for Oil programme – Extractive Industry Transparency Initiative

The Ghana Extractive Industry Transparency Initiative (GHEITI) is demanding a parliamentary inquiry into government’s Gold for Oil policy citing opacity and lack of accountability...

Abossey Okai Spare Parts dealers back NDC’s fixed rate policy on imports

The Abossey Okai Spare Parts Dealers Association has backed the National Democratic Congress (NDC)'s proposed policy to introduce a fixed rate on imported spare...

COCOBOD’s self-financing for crop season spin story: Is Joseph Boahen Aidoo the worst CEO ever?

Have you ever wondered why COCOBOD remains dependent on loans to purchase cocoa beans year after year? The truth is, COCOBOD’s challenges run deep, and...

We would’ve made GH₵1bn profit without external shocks – BOST MD

Managing Director of Bulk Energy Storage and Transportation Company Limited (BEST), formerly BOST, Dr. Edwin Alfred Provencal, has revealed that the company had initially...

T-bills auction: Gov’t misses target again, but interest rates ease

For the seventh consecutive week, the government missed its auction target for treasury bills. According to the auction results by the Bank of Ghana, the...

NDC manifesto launch: Mahama promises to rationalize port fees

The flagbearer of the National Democratic Congress (NDC), John Dramani Mahama, has pledged to rationalize the fees charged at the country's ports. He also announced...

Government to launch $13bn Eurobond Debt Exchange Programme next week

Government is set to launch the highly anticipated Eurobond Debt Exchange Programme next week, according to sources familiar with the plan. The Finance Ministry is...

Ghana Shippers’ Authority responds to GUTA’s concerns on new GSA law

The Ghana Shippers' Authority (GSA) has addressed several concerns raised by the Ghana Union of Traders Association (GUTA) regarding certain provisions in the newly...

TAGG urges Akufo-Addo to assent to Shippers’ Authority act

The Traders Advocacy Group Ghana (TAGG) has expressed surprise at calls from certain stakeholders urging President Akufo-Addo not to assent to the recently passed...

Nana Yaa Jantuah calls for greater investment in the cocoa industry amid COCOBOD loan controversy

Former General Secretary of the Convention People's Party (CPP), Nana Yaa Jantuah, has expressed concerns about Ghana's inability to effectively promote its cocoa industry. She...

SanlamAllianz Life Insurance CEO: We’re backing our prompt-payment promise with admirable service experience

The CEO and Managing Director of Sanlam Allianz Life Insurance Ghana, Tawiah Ben-Ahmed, has promised that the merger of Sanlam and Allianz Insurance is...

Crude oil production declined for fourth consecutive year in 2023 - PIAC 

The Public Interest and Accountability Committee (PIAC) has disclosed that Ghana’s crude oil production declined for the fourth consecutive year in 2023. Emerita Professor Elizabeth...

The state owes us GH₵7.1bn – Nduom insists

Global President of Groupe Nduom, Dr. Papa Kwesi Nduom has reiterated that the state owes him over GHC7.1 billion, including interest. During a press briefing...

It is time to review VAT policy – GRA supports calls by business Associations

The Ghana Revenue Authority (GRA) has joined calls for policy reforms to simplify the country’s tax administration. According to Commissioner General Julie Essiam, the current...

COCOBOD refutes Minority claims on funding rejection

The Ghana Cocoa Board (COCOBOD) has dismissed claims by the Minority that international banks have rejected COCOBOD’s request and that COCOBOD was “chased away”...

We were not rejected by international banks – COCOBOD replies Minority

The Ghana Cocoa Board (COCOBOD) has strongly refuted allegations that it was turned down by international banks while seeking a $1.5 billion loan for...

New Shippers Authority Law will promote welfare of traders – GUTA

The Ghana Union of Traders Association (GUTA) has welcomed the newly passed Ghana Shippers’ Authority (GSA) Law, saying it will offer the Authority “the...

COCOBOD struggled to payback last year’s syndicated loan – Dr Jasaw discloses

The Deputy Ranking Member on Parliament's Food and Agriculture Committee, Dr Seidu Jasaw, has revealed that COCOBOD encountered serious challenges in repaying last year's...

COCOBOD unable to produce cocoa to meet international obligations – Ato Forson

The Minority Leader in Parliament, Dr. Cassiel Ato Forson, has raised serious concerns about COCOBOD's ability to fulfill its international obligations. According to Dr. Forson,...

LPG Marketers assure of no shortage of LPG

The Liquefied Petroleum Gas (LPG) Marketers Association has assured the public that there will be no shortage of LPG despite their decision to boycott...

The People’s Forum: Opera Square traders protest planned eviction

Traders at the Opera Square business hub in Accra are protesting against an alleged eviction, amid redevelopment plans. They claim the area has been sold...

Don’t assent Ghana Shippers’ Authority Act – GUTA tells Akufo-Addo

The Ghana Union of Traders' Association (GUTA) has called on President Nana Addo Dankwa Akufo-Addo to delay his approval of the Ghana Shippers’ Authority...

We’ll return to Atuabo Gas on August 26 – LPG Marketers tells NPA

The Liquified Petroleum Gas (LPG) Marketers Association has indicated that it will return to the Atuabo Gas Processing plant on August 26, 2024, to...

NPA engaged in ‘unfortunate and deliberate’ attempts to tarnish reputation of LPG refill stations – Stakeholders

The LPG Marketers Association of Ghana and the Ghana LPG Operators Association (GLIPOA) have accused the National Petroleum Authority's (NPA) Communications Manager, Mohammed Abdul-Kudus,...