HomeBusiness

Business

Former MASLOC CEO fights back; claims defamation

Lawyers for former MASLOC boss, Sedina Tamakloe Attionu has described as defamatory, the contents of an audit report citing her for fraud. Victor Kojoga Adawudu said...

Facebook CEO made $3 billion while he sat for Congress' questions

The verdict from Wall Street is in -- and investors clearly think Facebook CEO, Mark Zuckerberg, was the winner after ten hours of testimony...

Africa Media Sales Development ready to aid workers achieve their target sales efficiently

Africa Media Sales Development (AMSD)  has introduced a new series of Media Sales development programmes dubbed the ”Media Marketplace” opened for media professionals who...

Ecobank Group partners with MTN to deepen financial inclusion across Africa

MTN has announced a collaboration with Africa’s leading independent banking group, Ecobank Transnational Incorporated (ETI), to leverage each other’s assets and offer more value...

Ex-MASLOC boss, others cited for fraud, 'ghost' projects

A forensic audit of the operations of MASLOC under the John Mahama administration has revealed jaw-dropping suspected fraud and financial impropriety. The report which has...

Omnibank is the official bank for 2018 pilgrimage

OmniBank has signed an agreement with the Ministry of Chieftaincy and Religious Affairs as the official Bank and partner for the Christian pilgrimage to...

OmniBank is the official bank for 2018 pilgrimage

OmniBank has signed an agreement with the Ministry of Chieftaincy and Religious Affairs as the official Bank and partner for the Christian pilgrimage to...

Ghana’s GDP growth for 2017 hits 8.5 percent

Ghana's Gross Domestic Product (GDP) provisional growth for 2017 hits 8.5 percent, according to figures from the Ghana Statistical Services (GSS). This is a sharp...

MTN hero: Linat Osman Kundaribuo championing sex education in Wa

Linat Osman Kundaribuo is MTN Heros of Change Season VI nominee making positive changes in her home town. She is a 30-year old teacher and...

GRA ups voluntary tax compliance to support

The Central Region Office of the Ghana Revenue Authority (GRA) has said it would continue to run after taxpayers using coercion to ensure voluntary...

¢400m capital requirement: Local Banks CEOs seek Akufo-Addo's intervention

Heads of indigenous banks in the country have met the president, Monday, in a desperate move to have him intervene in a new capital...

300 students to benefit from MTN Ghana Bright Scholarships

MTN Ghana Foundation has launched its Bright Scholarships scheme saying a total of 300 students at the tertiary level stand to benefit. A statement from...

Newmont shuts down operations in Ghana after Ahafo tunnel collapse

Mining firm, Newmont Gold Ghana Limited, has shut down all its mining operations in Ghana temporarily, after tragedy hit its Ahafo Mine over the...

75% Ghanaians would migrate abroad if given the chance – Survey

Findings of a Pew Research Center survey have revealed that 75% of Ghanaians would go to live in another country, if they had the...

Fuel prices projected to increase by up to 2% from next week

The Institute for Energy Security (IES) has projected fuel price increases between 1 and 2 percent in the first pricing window of April barring...

BoG shuts down 'Wyselink Microfinance' for operating with fake license

The central bank is warning the public that Wyselink Microfinance is not licensed to take deposits. “Wyselink Microfinance Limited was operating with a forged Bank...

Olam Wins 'International Company of The Year' Award in Africa

Agribusiness giant, Olam International, which operate across the value chain in 66 countries received the “International Company of the Year” award in Africa at...

Be bold, name cartel sabotaging Gov’t in petroleum sector – BOST staff challenged

Staff of the Bulk Oil Storage and Transportation (BOST) have been challenged to name members of the supposed cartel that is manipulating fuel prices...

Gov't beats 2017 deficit target

For the first time in seven years, the government has spent less than it budgeted, thanks to a drastic cut in expenditure in response...

Ghanaian barbers are stingy – professional barber

A German-based Ghanaian professional barber, Winfred Nana Karikari said Ghanaian barbers are stingy and they do not spend on their profession. According to him, Ghanaian...

'Great cartel’ manipulating fuel prices – BOST staff warn government

The Junior and the Senior Staff unions of the Bulk Oil Storage and Transportation Company Limited (BOST), have called on the government to move...

No dividends, as banks struggle to raise GH¢400m

Despite impressive performances in 2017, banks are not likely to deal out dividends this year; at least not so generously, as they struggle to...

Adakabre to lead VIP's strategy as new General Manager

Radio broadcaster, Ernest Frimpong Manso, popularly known as Adakabre, has been appointed General Manager of transport giant, VIP Jeoun Transport Company Limited. The privately owned...

COCOBOD gets five-member audit committee

A five-member Audit Committee has been inaugurated for the Ghana Cocoa Board (COCOBOD) to ensure adherence to public financial management regulations. The committee was inaugurated...

Adakabre to lead VIP's strategy as new General Manager

Radio broadcaster, Ernest Frimpong Manso, popularly known as Adakabre, has been appointed General Manager of transport giant, VIP Jeoun Transport Company Limited. The privately owned...

Barclays Bank posts ¢550 million in profits for 2017

Barclays Bank recorded ¢550 million in profits before tax for 2017, the Bank’s Audited financial statements ending December 2017 has shown. The bank recorded a...

Agriculture: silver bullet to Ghana’s economic development

Mr Kenneth Kwamina Thompson, Chief Executive Officer of Dalex Financing and Leasing Company (Dalex Finance) has tagged Agriculture as the magic ‘silver bullet’ to...

We will save $60m yearly from renegotiated Karpower deal – Deputy Minister

Though the exact savings from the renegotiation of the Karpower deal from 10 to 20 years are yet to emerge, Ghana will be saving...

OmniBank organizes SME Clinic for Health Institutions

Some health institutions across the country have benefitted from the OmniBank’s SME Clinic in Accra. The initiative is part of efforts by the SME focused...

Goldstreet Business donates to orphanage

The management and staff of Goldstreet Business, Ghana’s leading business newspaper on Wednesday, March 28, donated foodstuffs and toiletries valued at over GHS13,000 to...

Is Payday = Save Day ?

This certainly isn’t the way we all expected adulthood to be. Comparing the peace and zero responsibility of childhood to the extra stress on...

KMA owes waste companies almost GHS 64m; appeals to gov’t for a bail-out

The Kumasi Metropolitan Assembly (KMA) owes waste management contractors to the tone of 63, 800,000 Ghana Cedis. The assembly is required to pay, at least...

Bank of Ghana cuts policy rate to 18%

The Monetary Policy Committee of Bank of Ghana has reduced the policy rate by 200 basis point, the bank announced on Monday. This means the...

Ghana’s debt hits GH¢142.5bn, reaches 69.8% of GDP

New figures released by the Bank of Ghana (BoG) after its Monetary Policy Committee (MPC) meeting show that Ghana’s public debt reached 142.5 billion...

US$2.5b earned from cocoa is abysmally low – Dr. Akoto

The Minister of Food and Agriculture, Dr. Owusu Afriyie Akoto, has said, Ghana’s US$2.5billion annual earnings from cocoa commodity is abysmally low, even though...

MTN to inject $144M into network infrastructure in 2018

Ghana's leading telecommunication giant, MTN is set to inject over $144 million of capital expenditure towards expanding quality network services. MTN has a market share...

It’s blackmail: Agyarko condemns allegations against BOST

Energy Minister, Emmanuel Boakye Agyarko, on Thursday, said the allegations against Bulk Oil Storage and Transportation (BOST) amounts to blackmail. He states: “I cannot sit...

Audio: UniBank abandons plan to consider arbitration

UniBank says it has abandoned plans to consider the option of arbitration over the management takeover of the institution. This was after the Bank earlier...

Government ‘bans’ importation of frozen chicken

As a policy direction to help revamp the local poultry industry, government has restricted the importation of frozen chicken drastically, Dr. Gyiele Nurah –...

‘BoG intervention in uniBank timely’

The President of the Ghana Association of Bankers (GAB), Mr Alhassan Andani, has backed the move by the Bank of Ghana (BoG) to hand...