BUSINESS

The President of Group Ideal, Nii Kotei Dzani, says the economy is not doomed but rather recovering given the prudent economic measures being implemented by the government. “Those predicting doom for Ghana’s economy are not God. It is recovering and we need to take advantage of it,” he stated during the company’s festival of Nine Lessons and Carols in Accra, ...

The Accra Metropolitan Assembly (AMA) will start using technology in collecting revenue, mayor Mohammed Adjei Sowah has said. This, he said, will help deal with potential fraud associated with revenue mobilsation among AMA officials. He explained that the AMA will use a ‘Point-of-Sale’ device that will enable the AMA head office track the number of tickets that have been issued ...

Africa World Airlines (AWA) Tuesday December 12, 2017, flew its maiden flight from Accra to Monrovia; a journey its management described as an important milestone in their  goal of connecting West Africa. “The start of a direct service by Africa World Airlines (AWA) between Ghana’s capital Accra and Monrovia will deepen trade relations between the two countries and also offer ...

Ecobank Ghana and eight local banks have partnered MTN Telecommunication to sign a GHC 510 million syndicated loan to finance infrastructure expansion in the country. Mr Dan Sackey, Managing Director of Ecobank Ghana at the ceremony in MTN House said the ceremony is a confirmation of the willingness of the banks to support the business of MTN on the back ...

Parliament on Monday approved the 2016 annual report of the Public Interest and Accountability Committee (PIAC) on the Management of Petroleum Revenues, with a call on the Volta River Authority (VRA) to settle its debt for gas supplied to it by the Ghana Gas Company. The report examines crude oil production, marketing, distribution and utilisation of petroleum revenues and makes ...

Over 150 senior well intervention experts will get together in March at the Mövenpick Ambassador Hotel in Accra to discuss their well intervention and P&A strategies in a bid to increase efficiencies and reduce the cost of both deepwater and shallow water projects. Well intervention & completions experts Ihechi Ojukwu (Chevron Nigeria), Kelechi Victor (Nigerian Agip) & Ifeanyi Ugbor (Shell ...

The Ghana Revenue Authority (GRA) has shut down Metro TV over non-payment of taxes, ClassFMonline.com, has gathered. The station was closed down in the early hours of Tuesday, 12 December. A source within the Accra-based television station said the new owners of the station, Jospong Group of companies, were not aware of certain liabilities left by the previous owners, thus ...

Mr. Eli Hini, General Manager for Mobile Financial Services-MTN Ghana, has said the outfit is working with police to thoroughly screen personnel who apply to become agents of mobile money. Mr. Hini said the agents will be thoroughly scrutinized and well-observed to ensure the safety of customers, agents, and credibility of the service. Mr. Hini announced this at the maiden ...

UniBank has secured over GH¢600million of fresh capital injection to position itself as one of the earliest banks to meet the central bank’s increased stated capital requirement, a source close to the deal has told B&FT. In a move that is expected to repose some much-needed confidence in local banks, the fresh capital – coming from a financial consortium led ...

Mining firm Goldfields is to lay off about 1,500 workers in line with the change in the module of its business. The workers are agitating over the move and are threatening a showdown with management in the coming days. The workers are likely to receive their termination letters December 13, 2017 while others will be retained on contract basis. Meanwhile, ...