BUSINESS

The Ministry of Finance (MoF) has granted letters of commencement to the three development authorities to commence the full implementation of the $1-million per Constituency pledge under the Infrastructure for Poverty Eradication Programme (IPEP) for the 2020 fiscal year. The commencement certificate makes available GH¢1.66 billion (equivalent of $320 million) for the 275 constituencies across the country. This covers $275 ...

Guinness Ghana Breweries PLC has today renewed its commitment to boost customers’ profitability with the launch of a loyalty program targeting its key wholesalers, retailers and distributors across the country. Dubbed “Yɛn Nyin Mbom”, which means ‘let’s grow together’, the loyalty program will reward customers with outstanding sales performance and innovative ways that ensure products reach consumers. Speaking during the ...

The Executive Director of the Council for Technical Vocational Education and Training (COTVET), Dr Fred Kyei Asamoah, has urged the youth who want to have absolute control of themselves and make it big in life to consider making skills training as their number choice. According to the COTVET Executive Director, the job market in the global arena has changed drastically, ...

Gold dealership firm, Menzgold Ghana Limited has refuted claims that it owes about 16,000 embattled clients GHS1.68 billion. State-owned Daily Graphic’s news website reported on Friday, 12 July 2019 that it sighted a charge sheet in court which levelled fraud allegations against the company’s CEO Nana Appiah Mensah (NAM1) as well as Brew Marketing Consult and Menzgold. In the charge ...

The Economist Intelligence Unit (EIU) is predicting that the government will struggle to lower its expenditure in the run-up to the 2020 general elections. Despite government passing the Fiscal Responsibility Act last year aiming to limit future budget deficits to a maximum of 5% of GDP, the London-based business advisory firm expects the government to record a 5.5 percent budget ...

Energy expert, Kwadwo Poku has backed a call for the government to cancel some Power Purchase Agreements (PPAs) to curtail ballooning debts. The Africa Centre for Energy Policy (ACEP) on Wednesday urged the government to rationalise the power sector by cutting out some of the excess power generated by the Independent Power Producers (IPP). According to ACEP, this can only ...

The Ghana Growth Fund, a subsidiary of Groupe Ndoum, has sued the Finance Minister over debts that have left it unable to pay investors’ funds. Included in the suit is the Attorney-General, Minister for Roads and Highways and Agyakot Company Limited. Lawyers for Ghana Growth Fund Limited, which invests the money on behalf of Gold Coast Fund Management, are demanding ...

Gold Fields Ghana has officially commissioned the reconstructed 33-km Tarkwa-Damang road in the Western Region of the country. The road links two communities that host Gold Fields’ mines. The road also serves several communities in the Tarkwa-Nsuaem and Prestea Huni-Valley municipalities. It is the largest-ever public infrastructure project funded by the global Gold Fields Group. A baseline study conducted by ...

The troubles of Nana Appiah Mensah popularly known as NAM1, are not over yet as a Pakistani national has also sued him in a Dubai court over a one million dollar ($1m) debt. A source in Dubai has told ABC News that, NAM1 had signed an agreement with an unnamed Pakistani national to settle his indebtedness to him by installment, ...

Five firms in the vegetable export business have received approval to resume trading in the suspended vegetable commodities on the international market. The approval was given after the firms satisfied all the conditions set by the Plant Protection and Regulatory Services Directorate (PPRSD) of the Ministry of Food and Agriculture (MoFA). They are Joekopan Farms, AB Farms, A Mahli Farms, ...