BUSINESS

Thirty-Nine (39) out of 40 retail shops owned by foreigners in Koforidua visited by the Technical sub committee on the Committee on Foreign Retail Trade were found not to have the necessary documents to do business in Ghana Owners of the shops have been issued a 14-day ultimatum to regularize their documents with the appropriate regulatory bodies or risk being ...

The market continues to leave investors frustrated as stocks were down 18.19% YTD from the start of the year to the end of August. Financial stocks were down 16.15% over the same period. Below are how stocks performed for the month of August and for the year as a whole.   Equity August Performance YTD Intravenous Infusions (IIL) 25% 0% ...

The Ghana Hotel Association says it has not received the promised stimulus package from government in the wake of COVID-19. According to President of the Association, Edward Ackah Nyameke, hotels in the country are struggling and will not be in the position to handle the influx of numbers following the reopening of the Kotoko International Aiport. “As we speak, I ...

The Auditor Generals Department in its 2017 report on public boards has indicted management of Ghana National Petroleum Corporation for failing to recover an amount of GhC 778,565,761 from government and other state owned enterprises. The amounts owed by the government of Ghana, Finance Ministry, Tema Oil Refinery, Ghana Gas have been outstanding since 2015. Appearing at the Public Accounts ...

The spokesperson of the Coalition of Aggrieved Customers of the 53 Collapsed Fund Management Companies, Mr Charles Nyame and one other person, have been arrested for unlawful picketing. Members of the coalition besieged the premises of the Ministry of Finance on Tuesday, 1 September 2020 to stage a protest in connection with their locked-up funds. Mr Nyame, who was handcuffed ...

Ghana’s agribusiness industry is set to benefit from its participation in Macfrut virtual trade fair. Macfrut, the organizer of the world’s largest fruit and vegetable fair, has launched the Macfrut Digital fair scheduled to take place in Cesena, Italy between 8th to 10th September. The fair, which is the first and only digital trade fair for the fresh produce industry ...

In Africa, many parents often hope their children will grow up to be doctors, engineers, lawyers, or bankers. Only a few parents support their children’s entrepreneurial skills or their desire to work in the creatives. Sulley Amin Abubakar, now the owner of the “biggest charcoal producing company in Ghana” and probably West Africa started off as a law student. This ...

WHAT IS FOREX? Forex market is just like any other market where instead of foods and goods people trade currencies. WHAT IS FOREX BROKER? Anyone can trade on Forex, but it is only accessible through mediators called brokers. Basically, broker is your “hands” on Forex which provides you with the access to the market. WHAT IS A CURRENCY PAIR? Currencies ...

The Apimanim Branch of the Agriculture Development Bank (ADB) in the Ahanta West Municipality of the Western Region has been robbed. According to eyewitnesses, about seven unidentified armed men stormed the bank around 12am last Friday and overpowered the private security men and made away with some valuables. The robbers, however, could not have access to the strong room of ...

Earning money in the forex market is quite easier than many might think. Here are simple and effective ways you can grow your forex investment. Making money through the forex market may be easier than you think. It does not require any particular skills nor you need to be an expert to understand the market dynamics. All you have to ...