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AMERI deal sinks VRA in $11.5m debt per month

The controversial AMERI Power deal is costing the country a whopping $11.5 million a month, workers of the Volta River Authority (VRA) have said. As...

Textile industry needs attention to boost local manufacturing

The Finance and Administrative Manager of Akosombo Textiles Limited (ATL), Justice Boateng, has come out to say that the annual consumption of textiles in...

Ghana Home Loans launches 10th anniversary Housing Fair

Ghana Home Loans has officially launched its 20th edition Housing Fair at the forecourt of its head office, Airport Residential Area, Accra. The fair is...

Tigo, Airtel merger – more jump ship as deal delays

As the Tigo-Airtel merger in Ghana is being held up for technical and possible shareholder reasons, some more people are jumping ship before they...

Fitch lauds Ghana’s macroeconomic stability

Credit rating agency, Fitch Ratings, has affirmed Ghana at ‘B’ with a stable outlook, citing medium-term growth potential and improving macroeconomic stability. It noted that...

New BOST Board mandated to stabilize fuel prices

The Minister of Energy, Boakye Agyarko, has tasked the new Board of the Bulk Oil Storage and Transportation Company (BOST) to intensify efforts to...

GTA closes down thirty lodging and catering facilities

The Tema Regional Office of the Ghana Tourism Authority (GTA) has closed down thirty illegal lodging and catering facilities in and around Tema in...

NIB denies GCB Bank takeover claims

The National Investment Bank (NIB) has denied reports that it would soon be taken over by the Ghana Commercial Bank (GCB Bank). According to the...

Banks need strong corporate governance to survive – Governor

Governor of the Bank of Ghana (BoG), Dr. Ernest Addison, has called on banks to institute strong corporate governance structures in order to overcome...

Rigworld donates GHC50,000 to Axim Govt Hospital

Rigworld Training Centre has donated GHC50,000 cedis towards the renovation of the surgical ward of Axim Government Hospital in the Western Region. Human Resource Manager...

Inflation hits 12.3%

Acting Government Statistician, Baah Wadieh, has announced that inflation rate has increased from July’s 11.9 per cent to 12.3 per cent for August. Addressing a...

Telcos to use 2G spectrum to deploy 3G technology

The National Communication Authority has authorized all telcos in the country to use their 900MHz 2G spectrum to deploy 3G technology particularly in the...

Veep launches training programme for NCA NSS personnel

A two-month intensive training programme has been launched for one hundred and seventy (170) National Service Personnel attached to the National Communications Authority (NCA)...

Port revenue shoots up by 56%, Bawumia reveals

Vice President, Dr Mahamadu Bawumia, has disclosed that revenue at the Port increased from GH¢130 million in the first week of September 2016, to...

1000 workers of UT, Capital Banks sacked

The management of GCB is terminating the appointment of about 1000 workers of the now defunct UT and Capital banks. According to the management of...

Private pensions hit GH¢8.3bn

Privately managed pension funds have maintained their robustness in growth over the past four years, with contributions under the tier two and three schemes...

BoG Schools Banks On How To Recapitalise To GH¢400m

The Bank of Ghana (BoG) has officially revised the minimum capital of banks to GH¢400 million, in a public notice that also seeks to...

BoG raises minimum capital to $100 million

The Bank of Ghana will formally direct banks in the country to recapitalise to GH¢400 million, equivalent to about US$100 million on Monday September...

Jato: Akpeteshie distillers want factory from Akufo-Addo

Makers of local gin akpeteshie want President Nana Addo Dankwa Akufo-Addo to extend his one-district, one-factory project to the Jato Suhum Municipality of the...

NCA gives opportunity to telcos to deploy 3G coverage to rural areas

National Communications Authority (NCA) has taken a regulatory decision to permit Mobile Network Operators (MNOs) with existing 2G Licences to deploy Universal Mobile Telecommunications...

PHOTOS + VIDEO: Veep opens first railway sleeper plant

Vice President Dr Mahamudu Bawumia yesterday opened a...

Paperless Port: More troubles for importers and agent as system frustrate users

Importers and freight forwarders is still going through frustration as the paperless system has filed to work as promised after one week. The new system...

Angry freight forwarders heckle Deputy Finance Minister

Over five hundred freight forwarders besieged the Long room of the Customs Division of the GRA, to express their displeasure when the Deputy Minister...

South African banks are reining in loans

South Africa’s four biggest banks, pummeled by political wrangling and enmeshed in the country’s economic malaise, are increasingly shying away from their main role:...

Custom officials sabotaging paperless system

Officials of the Customs Exercise and Preventive Service (CEPS) at the country’s ports have been accused of deliberately causing delays in the clearing of...

VIDEO+PHOTOS: Joyce Blessing and Adom Live Worship team storm Mallam Market

Renowned Gospel Musician, Joyce Blessing joined Adom FM's at the Mallam market in Accra to lead the traders through hours of praises and worship. The...

Affordable hotels in Ghana for the best conference experience

  Business! That seems to be the order of the day right? In case you may not have noticed, there is a general sense of...

I have a clearing contract with Cocobod and not a supply contract – McDan

The Chief Executive Officer of McDan Shipping Company, Mr Daniel McCauley has explained that he has a clearing contract with the Ghana Cocobod and...

Drivers urged to buy fuel in liters

An economist is cautioning vehicle owners to be very vigilant at fuel pumps to get value for money. Dr. Samuel Kwesi Bediako Asare revealed that,...

Cocoa roads project under scrutiny

A comprehensive value for money audit of the country's Cocoa roads Projects is underway to assess the financial obligation of the projects to government...

FRIMPS Oil launches Insurance Company

FRIMPS Oil, one of the leading Oil Marketing Companies (OMCs) in the country with over seventy service stations or outlets has successfully launched an...

57 OMCs sanctioned for cheating customers

Fifty-seven oil marketing companies (OMCs) have been sanctioned by the Ghana Standards Authority (GSA) for engaging in various infractions detrimental to the interest of...

Cedi to appreciate against dollar – Fitch

The local currency, the cedi, is expected to strengthen against the US dollar for the rest of the year as economic growth outperforms earlier...

Ghana targets 200,000 tonnes cashew exports

Ghana is targeting to export 200,000 tonnes of cashew, by 2027, Mr Eric Amoako Twum, the Deputy Chief Executive Officer of the Ghana Export...

Ghana not getting needed benefit from mining sector

The Paramount Chief, Western Nzema Traditional Area in the Western Region, Awulae Annor Adjaye III has expressed disappointment over the poor governance systems in...

Jumia Travel gets new CEO

Jumia Travel has announced the appointment of a new Chief Executive Officer, Joe Falter as it new Chief Executive Officer. Falter takes over from Paul Midy who...

Youth Employment Agency rolls out 6 new models

The Youth Employment Agency (YEA) is set to launch six new modules by close of September 2017. The modules are Youth In Security, Graduate Internship,...

COCOBOD borrowing to pay cocoa farmers -Agric Minister reveals

The Minister of Food and Agriculture, Dr Owusu Afriyie Akoto, says the financial challenges facing the Ghana Cocoa Board (COCOBOD) have worsened in recent...

IMF praises BoG over UT, Capital takeover

The International Monetary Fund (IMF) has lauded the Bank of Ghana’s (BoG) swiftness in the resolution of issues pertaining to two insolvent indigenous banks...

Ken Ofori-Atta gave ¢10m ADB loan, contract without Board approval – Minority

The Minority in Parliament has accused Finance Minister, Ken Ofori Atta of breaching the procurement Act when he awarded a GHȻ10m COCOBOD contract to...