BUSINESS

The prosecution in the case in which embattled Chief Executive Officer of Menzgold Ghana Limited Nana Appiah Mensah (NAM1) is standing trial has demanded a long adjournment following “recent discoveries.” The state was expected to substitute the old charges with a new one where 48 new charges are expected to be added to the 13 that were earlier slapped on ...

Chinese e-commerce giant Alibaba Group raised up to $12.9 billion in a landmark listing in Hong Kong, the largest share sale in the city in nine years and a world record for a cross-border secondary share sale. The deal will be seen as a boost to Hong Kong following more than five months of anti-government protests and its recent slide ...

Guinness Ghana Breweries PLC, Ghana’s total beverage company, has launched another national consumer promotion that will see a guaranteed ¢1.5 million worth of airtime given away to consumers across the country for their continuous loyalty and support. Dubbed “Link Up”, the promo will reward consumers with instant airtime worth ¢5 which includes a bonus of ¢2.50 airtime valid for 7 days, after ...

Pan-African e-commerce giant Jumia has suspended its marketplace business in Cameroon. Jumia did not publicly announced it imminent closure in the country and the move took many customers and local staff by surprise. “It came as a bombshell and all operations just stopped abruptly,” a Yaounde-based staff member, who asked not to be named, said. The company that has positioned itself ...

The Minister of Finance, Ken Ofori-Atta says government is working to set up special courts to deal with some of the legal challenges encountered in revenue mobilization in the country. Speaking at the KPMG post-budget forum in Accra on Monday, he said, “Maybe part of the Achilles heel is also the issue of prosecution if you do something wrong and ...

Dubai’s non-oil trade with Africa will exceed $272, 271,800,000 for the period extending from 2011 until the end of 2019. This was revealed by Majid Saif Al Ghurair, Chairman of Dubai Chamber of Commerce, noting that it had already reached $252,123,686,800 in the 2011-2018 period. Al Ghurair made the announcement in his opening speech at the fifth edition of the Global Business Forum ...

The Editor-in-Chief of the New Crusading Guide newspaper Malik kweku Baako Junior has expressed concerns over the decision by the Bank of Ghana to take over the biggest indigenous bank, unibank. According to him, he has publicly expressed his views about his discomfort about the withdrawal of the bank’s license. Speaking on Good Morning Ghana on Metro TV, Mr. Baako ...

There was excitement especially among Majority MPs in Parliament on Monday when the now popular Ekumfi Fruit Juice product known as “Eku Juice” popped up in the law-making chamber during the 2020 budget debate. The Minister for Information and MP for Ofoase Ayirebi, Kojo Oppong Nkrumah displayed the nicely well-packaged juice while contributing to the budget debate focusing on the ...

The National Lottery Authority(NLA) led by the Director-General, Hon. Kofi Osei-Ameyaw on Friday, 15th November, 2019 received a Government Delegation from the Republic of Cote d’Ivoire(Ivory Coast) at the Authority’s Headquarters in Accra. The Ivorian Delegation visited the Authority to understudy the new business model, ongoing reforms and the success stories of the Authority especially from March 2017 up to ...

A Ghanaian Independent energy firm, Springfield Exploration and Production Limited (SEP), has discovered more than 1.2 billion barrels of oil in its deepwater drilling off the coast in the Western region. An official announcement is expected to be made in the coming days, authorities have said. SEP began exploration in October in the West Cape Three Points Block 2. The ...