BUSINESS

The opposition National Democratic Congress (NDC) has opened nominations into 20 constituencies in the Ashanti region. The constituencies were stood aside during the August parlimenary primaries by the party that selected candidates for the 2020 polls. The polls will be held on December 14, 2019. A statement by the party said: “The Functional Executive Committee in Consultation with the Ashanti ...

Several Ghanaians on social media have thrown their weight behind the Member of Parliament for Bolagatanga central, Isaac Adongo to assume the office of the Finance Minister should his party wins the 2020 elections. During his interview on Good Evening Ghana, Thursday, November 14, some viewers showered the MP with praises as he lectured the host of the show, Paul ...

The Dean of the School of Business at the University of Cape Coast, Professor John Gatsi, has said that the government’s assertion that it has put GHS12.2 billion into the pockets of Ghanaians will be seen as arrogance in the political arena considering the hardship Ghanaians are going through. The economist is of the view that Ghanaians are not feeling ...

The Ghanaian currency over the years has changed in terms of its physical look (both the notes and coins), as well as, its monetary value. The change, many believe is partly the reason the cedis has lost its value. Due to that, GhanaWeb sets out to look at the timeline of the currency’s transformation and its history. Before independence, Gold ...

A senior researcher at the Institute of Fiscal Studies (IFS) Dr. Saeed Boakye says Ghana’s current debt level is “scary” According to him, the situation is worsened by the amount of money government spends on compensation for public sector workers. “It is very scary, the debt rate compared with revenue inflows is scary. And the government must do something about ...

The Chinese government has decided to cancel a 250 million Yuan debt owed it by Ghana. In addition, the world super power has given the government 300 million Yuan grant to assist in its development process, both totalling 550 million Yuan. This came to light at a meeting between the Chinese Vice-Premier, Sun Chunlan, and Vice-President Dr. Mahamudu Bawumia at ...

The Securities and Exchange Commission (SEC) has announced specific branches of CBG where customers of the 53 collapsed fund management firms could go for validation of their documents in order to receive their claims. The validation exercise begins next Monday. Deputy Director-General for SEC Paul Ababio on Monday told Starr FM funds will be made available for payments of claims ...

Ghana, the world’s number two cocoa producer, has sold nearly 200,000 tonnes of cocoa for the 2020/21 season, with prices including a new premium to support farmers, the Chief Executive Officer of Cocobod has said. Ghana and top producer Ivory Coast announced in July that all cocoa purchases for the 2020/21 season must include a Living Income Differential (LID) of ...

The Securities and Exchange Commission (SEC) has refuted assertions of deliberately collapsing Dr Papa Kwesi Nduom’s BlackShield (formerly Gold Coast Fund Management) which was part of some 53 fund management firms whose licences were revoked for various infractions. Dr Nduom, a businessman and politician, who founded the Progressive People’s Party (PPP), is Chairman of Groupe Nduom, a conglomerate that operates ...

The Securities and Exchange Commission (SEC) has asked customers of the collapsed fund management firms to visit CBG branches from Tuesday to validate their documents in order to receive payments. According to the Deputy Director-General for SEC Paul Ababio, customers will receive text messages showing them the processes to receive their monies once their documents are validated. “In terms of ...