BUSINESS

A pressure group calling itself, Fix Komenda Sugar Factory in the Central Region has welcomed the decision by President Nana Addo Dankwa Akufo-Addo to operationalize the dormant sugar-producing factory after six years. The pressure group over the years has been pushing for the operationalization of the multi-million-dollar sugar factory built by the former president John Dramani Mahama and his National ...

Angry staff of Tex Styles Ghana Limited (GTP) at Tema today, Thursday, 24 February 2022 protested against the new Managing Director of the Company Fatoumata Doro for gross mismanagement and for causing division within the staff union. The workers clad in red arm bands are demanding her immediate dismissal. The workers numbering about 600, including outstation workers, say they won’t ...

State prosecutors are pursuing the two sureties who satisfied the bail conditions of the former Chief Executive Officer (CEO) of Microfinance and Small Loans Centre (MASLOC) Sedinam Tamakloe Attionu over her continuous absence from the trial. Sedinam Tamakloe was on February 14, 2019 granted bail in the sum of GHc5 million with two sureties by the court, presided over by ...

The Energy Minister Dr. Matthew Opoku Prempeh has said the ministry will continue to engage Societe Generale in order to complete some strategic projects in the power sector. He made these remarks when the delegation called on him at his office earlier today. The delegation affirmed their organisation’s willingness to partner with the government to provide funding for its flagship ...

The Ministry of Food and Agriculture has denied any breaches in the procurement of fertilizer for farmers across the country. The Ministry in a statement said it is yet to sign contracts with any company for the supply of improved seeds and fertilizers for the upcoming 2022 season. “So the accusations are baseless and without any merit,” the statement said ...

The Minister for Works and Housing, Francis Asenso-Boakye has today inaugurated six (6) Technical Committees of the Engineering Council with a call on the regulating body to use every legal means available under the Act to ensure that industry practice is well regulated to secure the highest professional standards in Accra. The Engineering Council is a regulatory body under the ...

NIGERIA’S VICE President, Prof. Yemi Osinbajo, has congratulated UBA Group Chairman, Tony Elumelu, for his excellent work over the years, and his various contributions towards the economic development of Nigeria, Ghana and other countries in West Africa and beyond. Speaking at the United Bank for Africa (UBA) Group Chairman’s Forum 2022, held at the Transcorp Hilton, Abuja, where he was ...

PRESIDENT AKUFO-Addo has appointed Rosemary Beryl Archer as Deputy Chief Executive of Ghana Exim Bank. The new Deputy Chief Executive in charge of Banking/Business, until her appointment, was the head of SMEs at the bank. The appointment, contained in a letter signed by Chief of Staff, Akosua Frema Osei-Opare, was made in line with Act 911 of the 2016 Ghana ...

A Former Finance Minister, Seth Terkper, has predicted the Cedi will see further depreciation to major international currencies. Speaking to Francis Abban on the Morning Starr Tuesday, Mr. Terkper indicated that the government has abandoned policies that could see the Cedi doing well on the international market. “I don’t see any reliefs because one would have thought the slide of ...

MINISTER FOR Finance, Ken Ofori-Atta, has called on Ghanaians to support government to close the revenue gap in its annual budget through the Electronic Transactions Levy, also known as E-Levy. According to the minister, the time has come for Ghanaians to “burden share” to enable the state have adequate revenue to embark on developmental projects we so much desire. He ...