HomeBusiness

Business

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...

Russia’s new version of McDonald’s logo unveiled

The Russian fast food chain that was formerly McDonald's in the country has revealed its new logo as it prepares to reopen its restaurants...

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 farm The National Chairman of the National Democratic Congress (NDC), Samuel Ofosu-Ampofo, has said he...

We are suffering from E-levy – E-Commerce Association

The E-Commerce Association of Ghana wants government to consider the negative impact of the 1.5 percent Electronic Transaction Levy on their activities. According to the...

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...

Sri Lanka requests $5bn for payment of essential goods

Sri Lanka's prime minister says the country needs at least $5bn (£4bn) over the next six months to pay for essential goods as it...

World Bank warns of recession risk due to Ukraine war

Countries around the world are facing recession as the Ukraine war hits economies already rocked by the Covid pandemic, the World Bank has warned. Less...

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...

I was drunk – Man who announced Zimbabwe ‘toe selling’ business makes a U-turn

A Zimbabwean man, who went viral after a video of him stating that he is a dealer for toe buyers, has now disclaimed the story. After being...

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...

Green Republic launches Plant Your Age Campaign

The Green Republic has launched the 'Plant Your Age Campaign' as part of its vision to lead the youth of Ghana to overcome climate...

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...

MTN Ghana launches Bright Scholarship Reloaded

MTN Ghana Foundation has launched the 25th anniversary edition of its Bright Scholarship scheme in Accra. Dubbed: 'Reloaded', it will offer 300 scholarships to needy...

Nigeria: Zipline begins drone deliveries to health facilities in Kaduna State

Zipline, the global leader in instant logistics, today completed the first drone deliveries in Nigeria’s Kaduna State. These initial flights mark the final stage of...

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...

UMB collaborates with GAAS on 2022 Public Forum; Supports thought-leadership on AfCTA

Universal Merchant Bank (UMB), a leading indigenous Ghanaian bank, today announced its collaboration with the Ghana Academy of Arts and Sciences (G.A.A.S) Public Forum...

Vice President urges African central banks to store gold

The Vice President, Dr Mahamudu Bawumia, has charged central banks in Africa to actively build up their gold reserves by purchasing traceable and sustainably...