BUSINESS

The Chief Executive of Ghana’s Minerals Commission has advised African Banks and Finance institutions to get involved in the provision of capital to local mining entrepreneurs to ensure an optimized benefit of mining to Africans. Dr. Toni Aubynn gave the advice in Abuja, while speaking as a panelist at the just ended Nigerian Mining Summit held on 13-15 June 2017. ...

A citizen of Koforidua in the Eastern, Mr. Mark-Oliver Kevor has dragged the Government of Ghana and the Commission for Human rights and administrative justice to the highest court of Ghana over the controversial 2.25bn dollars bond that has hit Ghana over the past 2 months. The murky and shady deal that has hit Ghana so hard that investors are ...

The Bank of Ghana (BoG) has ordered commercial banks in the country to reduce their interest rates in tandem with the recent reduction of the policy rate. The Monetary Policy Committee of the Central bank in May announced the reduction of the policy rate from 23.5% to 22.5%. It is indicative of the rate at which the Central Bank lends ...

The Prices of goods and Services for the month of May was fairly stable as inflation saw a slight decline. May inflation fell to 12.6 percent from the 13.0 percent in April. This figure is the lowest since December 2013. Greater Accra recorded the highest inflation while Upper East recorded the lowest. Acting Government Statistician, Baah Wadie attributed the development ...

OmniBank has commissioned a Business Centre at the Pentecost University College. The project funded by OmniBank is part of its Corporate Social Responsibility for 2017. The Centre is to provide easy access to information and aid in student research at the university. Also, the Centre will offer other administrative services such as printing and photocopying of items. Equipped with state-of-the-art ...

The Minister of Finance Ken Ofori-Atta has given the strongest assurance that the Akufo-Addo-led government is fixing an “inherited economy with a budget deficit of 9%.” According to him, the deficit means a primary balance which was negative, which meant Ghana had to borrow to pay her debts; GH¢10 billion in interest payments each year; high rates of inflation; and ...

Managing Director and Chief Executive Officer (CEO) of Energy Bank Ghana, Christiana Olaoye, has urged women executives to mentor and inspire young females to help shape society. According to the astute and versatile banker, women need support and continuous training programmes at the workplace, as well as personal networking to move into executive positions in the corporate hierarchy. Speaking as ...

Ghana has been named as one of the three countries in Africa to benefit from the Germany’s “Compact with Africa” Programme – a programme that will assist Ghana improve conditions for sustainable private sector investment, investment in infrastructure, economic participation, and employment in the country. This was made known by the Minister for Finance, Ken Ofori-Atta, at a meeting with ...

Finance Minister Ken Ofori-Atta has hit hard at the minority members of parliament over their crusade against issuance of $2.25 billion bond. The Minister is admonishing the National Democratic Congress MPs to cease bad mouthing the deal if they cannot acknowledge government’s genuine efforts at fixing the “broken” economy. The minority has been alleging wrongdoing in the deal accusing the ...

The Chief Executive Officer of Kantanka Automobile Limited, Kwadwo Safo Jnr, has appealed to Government to provide policy guidelines for the manufacturing or assembly of cars in Ghana. According to Mr Safo, the absence of the legislation is hampering the growth of Ghanaian companies seeking to enter or grow in the vehicle manufacturing sector, as the government agencies involved insist ...