HomeBusinessBusiness

Business

Cadbury owner buys US energy bar maker

The owner of British chocolate brand Cadbury has announced that it is buying US energy bar maker Clif Bar & Company for $2.9bn (£2.4bn).Mondelez...

Staff of Rolls Royce to get £2,000 living cost bonus

More than 14,000 staff at Rolls Royce will be given a £2,000 one-off payment to help with the rising cost of living in the...

Government exceeds T-bills target by 16%; records ¢1.541bn sale

Government exceeded its Treasury bills sale target by 16.5%, a week after failing to achieve the target for the auctioning of the short term...

Interior Ministry frustrates banks that have imported armoured vehicles for Cash-in-Transit purposes

The Interior Ministry has refused to give approval for banks that have imported armoured bullion vehicles into the country to take delivery of same...

Transport fares expected to go up by 10%

Transport fares are expected to go up by some 10% later this week if the unionised operators, Ghana Private Road Transport Union and the...

MTN Ghana’s 2022 Y’ello Care to drive economic recovery

Telecommunications giant, MTN-Ghana, has launched the 2022 edition of its flagship staff volunteer programme, ‘21 Days of Y’ello Care’.This year's event will focus on...

Russian gas supply to Italy cut by half

Italy has become the latest of a host of European countries to report further cuts in its Russian gas supply.Italian energy giant Eni said...

Deals on Covid jabs and overfishing agreed by countries

Agreements including waiving patents for Covid vaccines and aiming to reduce overfishing have been passed by the World Trade Organization (WTO).The group of 164...

Victims of ponzi schemes are mostly security personnel – Bank of Ghana

The Bank of Ghana has offered financial literacy training to personnel of the Ghana Immigration Service in the Ashanti region.The training is aimed at...

Elon Musk hints at potential Twitter layoffs

Multi-billionaire Elon Musk has in a meeting with Twitter employees hinted at potential job cuts if his $44bn (£35.8bn) takeover bid for the social...

Komenda sugar factory: Carlos Ahenkorah drops bombshell

The chairman of the Trade and Industry Committee of Parliament, Kingsley Carlos Ahenkorah, has said the Komenda Sugar Factory could not have produced raw...

Ghana pays lowest salaries, sells petrol dearest and runs highest inflation in Africa

Ghana is about the most expensive country to live in in Africa. This is because, while inflation is zooming through the roofs, salaries are...

Netflix to turn Squid Games into TV reality show

Netflix is recruiting participants for a reality TV show inspired by its most popular series of all time, Squid Game.However, it will not be...

Sri Lanka gives workers extra day off to grow food

Sri Lanka is giving government officials an extra day off a week to encourage them to grow food, amid fears of a food shortage.The...

Cement prices to hit ¢66 per bag from today

The price of a 50-kilogram bag of Cement is expected to be increased by more than ¢5 from today to hit ¢66. This is what...

Fuel prices to go up by about 11% from June 16th

Prices of petroleum products are expected to witness one of the biggest jumps in recent times, from Thursday, June 16, 2022.This is based on...

Tampon makers pledge to tackle US shortages

Major tampon manufacturers in the United States have pledged to make more of the sanitary products to address shortages in the country.One firm told...

Musk to hold first meeting with Twitter workers

Elon Musk will speak to Twitter employees on Thursday for the first time since launching his $44bn (£36.2bn) bid for the company in April.The...

Stock markets slide over global economy concern

Asian stock markets have fallen sharply as soaring prices in America triggered fears the Federal Reserve will take tougher action to rein in inflation.At...

BoG optimistic of lower inflation rate in coming months

Regardless of the hike in inflation rate in recent months, the Bank of Ghana is optimistic prices of goods and services will come down...

Ghana gets $1bn pledge from banks to spur finances

International banks, according to Bloomberg, have pledged to lend Ghana $1 billion for budget purposes and to boost central bank reserves as the country...

Chancellor accused of wasting billions

Rishi Sunak has been accused of failing to act to save billions of taxpayers' money that has been used to pay interest on government...

Energy and food drives US inflation to 40-year high

Prices in the US rose faster than expected last month, as rising energy and food costs pushed inflation to the highest rate since 1981.The...

Hubtel Launches in Koforidua 

Hubtel, the leading quick commerce, messaging, and payment service provider has announced its operations in Koforidua, the Eastern Region of Ghana.  Hubtel is extending the...

I’m not father Christmas, says Ofosu-Ampofo as he shuts down poultry farm [Listen]

JoyNews/AdomNews · Why Ofosu Ampofo is closing down his poultry farmThe National Chairman of the National Democratic Congress (NDC), Samuel Ofosu-Ampofo, has said he...

Price of bread records highest inflation rate in May 2022 – GSS

Data from the Ghana Statistical Service(GSS) show that the price of bread recorded the highest rate of inflation of 41.3% year-on-year in the inflation...

Climate change: New Zealand to tax cow and sheep burps

New Zealand has unveiled a plan to tax sheep and cattle burps in a bid to tackle one of the country's biggest sources of...

World Bank supports Ghana with $145 million to improve urban services

The World Bank has approved additional financing of $145 million International Development Association (IDA) credit for the Ghana Secondary Cities Support Programme.The financing will...

Gold Katcher will help miners to extract more gold – Manufacturer

The sole importer of Gold Katcher equipment which aids miners in the extractive industry has indicated that the machine will help in digging more...

Newmont sells gold to BoG to boost country’s reserves

Newmont Ghana has announced that it has successfully sold 3,500 ounces of gold to the Bank of Ghana (BoG) under the central bank’s Domestic...

Four-day work week trial starts in UK with 70 companies

Thousands of UK workers are starting a four-day work week from Monday with no cut to their pay in the largest trial of its kind.The pilot,...

KFC Australia forced to swap lettuce for cabbage

Fast food giant KFC has been forced to put cabbage in its burgers and wraps in Australia as the country is struggling with a...

Top Gun maker sued over copyright breach

The family of the Israeli writer whose article inspired the 1986 Tom Cruise movie Top Gun is suing film studio Paramount Pictures for copyright...

Musk threatens to walk away from Twitter deal

Elon Musk has threatened to walk away from his $44bn takeover of Twitter, accusing the social media company of "thwarting" his requests to learn...

Total announces 67 pesewas per share dividend for shareholders

Total Petroleum PLC has announced the payment of a final dividend of 67 pesewas per share to shareholders for the financial year ended December...

Mercedes recalls almost 1m cars over faulty brakes

German carmaker Mercedes-Benz is recalling almost 1m older vehicles from around the world because of potential problems with their braking system.Over the weekend, the...

Barbara Incoom awarded Marketing Director of the Year at National FMCG Summit

Barbara Incoom, Marketing Director of Delta Paper Mill, producers of Flora Tissues, has been awarded as the Marketing Director of the Year at the...

Ghana Arbitration Centre to hear Nduom, Bank of Ghana case

The Court of Appeal has, by a unanimous decision, upheld the Bank of Ghana’s application that the challenge by Dr Papa Kwesi Nduom and...

NLA to host African Lottery Association Seminar in December

Ghana’s National Lottery Authority (NLA) has, for the first time since its establishment, won the bid to host the Seminar on Responsible Gaming by...

Ukraine lifts interest rate in Europe

Ukraine's central bank has more than doubled its interest rate to 25% to the highest level for any European country.The move is intended to...