BUSINESS

The Government of Ghana has signed two agreements with the Chinese Government to secure a $1bn loan to refurbish railway transportation in the country. Ghanaian Minister of Railways Joe Ghartey told the Ghana News Agency that the government has signed two $500m agreements with the Chinese authorities. He added that the Western and Eastern rail lines totalling 930km, as well ...

The Financial Stability Advisory Council (FSC) has held its maiden meeting months after President Akufo Addo formally inaugurated it. The Council was formally inaugurated on 12th February 2019. The Council signed a Memorandum of Understanding (MOU) to set out the operational details relating to its work. “Members took note of presentations made by the Technical Committee of the FSC on ...

The 3RD China International Tea Expo is one of the biggest Agricultural Expo organized by the Ministry of Agriculture and Rural Affairs of the People’s Republic of China to showcase agricultural products to the global community. The theme for this year’s expo is ‘Promoting Shared Growth through the Development of the Tea Industry’. Focusing on tea and coffee industries, the ...

The Chief Executive Officer of the Ghana Shippers’ Authority (GSA), Ms Benonita Bismarck, has been honoured with the Outstanding Woman CEO of the Year Award 2018 at the 9th edition of the Ghana Entrepreneur & Corporate Executive Awards (GECEA) Gala Dinner 2019. The award was in recognition of her demonstration of corporate vision, business excellence, innovation, strategic leadership and growth ...

The Board of Directors of Republic Bank (Ghana) Limited announce the appointment of Mr. Farid Antar as the Managing Director of the Bank following receipt of regulatory approval from the Bank of Ghana. Mr. Antar succeeds Mr. Anthony Jordan who retired from active service in April 2019. Mr. Farid Antar is an experienced Banker with over 39 years of professional ...

The Managing Director of Tullow Ghana Kweku Awotwi has revealed his outfit has awarded contracts totalling $10.6 billion to indigenous companies and joint ventures in which local companies are partners. “Participation in Ghana’s oil sector is not just about recruitment and employee development. Businesses can also tap into diverse opportunities in the oil and gas value chain. Tullow Ghana has ...

In order to navigate the negative effects of the recent global trade wars, an economist, Herman Warren, director of Africa Corporate Network has advised Ghana to build both human and capital capacity to escape its effects. According to him, Ghana could benefit immensely from the trade war if it develops the human capital of its people, through education and understanding ...

The authority responsible for producer price of cocoa beans in the country has sent a strong response to the International Monetary Fund (IMF) saying it will not reduce prices of cocoa in the country as being directed. COCOBOD’s last producer price review for the year 2016/2017 season was from GH¢ 6,670 per tonne to GH¢7, 520. Meanwhile IMF reports indicates ...

Dr Mohammed Amin Adam, a Deputy Minister of Energy in charge of Petroleum, says a total of US$95 million dollars was spent between 2013 and 2016 for drilling oil wells but none resulted in the discovery of crude oil in commercial quantities. He said 13 petroleum contracts were signed between the previous government and oil investors with US$880 million set ...

Financial analyst, Sydney Casely Hayford has rubbished IMANI Africa’s fears over potential $30 billion losses to the state in Aker Energy’s oil dealings in Ghana. He said on The Big Issue that the statement IMANI put out on the matter was “very alarmist.” “I think that the IMANI press briefing has created the impression that there is the doomsday; that ...