BUSINESS

Details emerging from the Bank of Ghana (BoG), reveal the negotiated resignation of Dr. Abdul-Nashiru Issahaku, as Governor, three years ahead of his four-year mandate caused the taxpayer GH¢3,204 million. Insiders have told The Herald that, the Akufo-Addo government, has since effected the mouthwatering payment to the ex-Governor of the Central Bank, who was forced to leave office effective April ...

Fidelity Bank has treated its customers and partners to a grand ball as part of its 10th-anniversary celebration. The Grand Ball which was attended by the President of the Republic of Ghana, Nana Akufo-Addo, was in honour of its cherished customers and partnersfor their loyalty and commitment to the Bank for the last ten years. Other dignitaries who attended the ...

Government, will from the beginning of the next academic year –2017/2018, increase the amount of loans that tertiary students are eligible to take for a period of two semesters, by 50 percent. Currently, students are eligible to take a loan amount of a minimum of GH¢650 to GH¢1,000, and a maximum of GH¢ 1,600 to GH¢2000, payable over two Semesters. ...

The Akufo-Addo government has assured, it will revive the Komenda Sugar factory after it was shut down last year for reasons blamed on the former government’s poor economic judgment. Deputy Trade Minister Carlos Kingsley Ahenkorah told Joy News, government is ‘working frantically’ to get operational, a $24m factory which worked for barely 4 weeks after it was commissioned. Tema West ...

The Dynamic Youth Movement of Ghana (DYMOG) has petitioned the Security and Exchange Commission (SEC) over a $2.25 billion bond issued by the government. DYMOG wants the Commission’s Hearing and Administrative Committee to investigate circumstances surrounding the raising of the Bond by the Ministry of Finance which it believes is shrouded in secrecy. The Ministry of Finance has come under ...

Employees in Ghana’s informal sector have been given a flexible opportunity to enroll on a Pension Scheme. The move is not only to secure their future but also to help rope more people into the pension space. Ghana currently has about 12 million people in the informal sector. As a result Dusk Capital, Vodafone and People’s Pension Trust have collaborated ...

The World Bank has blamed Ghana’s relative high cost of power on the adoption of sole sourcing in the granting of power purchase agreements under the past NDC administration. The Bank has also warned of some economic consequences following the country’s inability to sell off its excess power due to the high cost. The World Bank was compelled to cut ...

Ghana is one of the best aviation regions in West Africa, that according to International Air Transport Association (IATA). The country carries the second highest number of passengers in West Africa after Nigeria and this is in spite of the fact that Ghana has no airline of substance dedicated to flying in the region or intercontinental. The achievement is due ...

Prices of fuel in the second pricing-window for the month of April 2017 recorded some form of stability at the pump in reference to Petrol and Diesel. The stabilization in prices was as a result of stiff competition for market share among the various Oil Marketing Companies (OMCs). Gasoline and Gasoil sold at GHS3.99 per litre and GHS3.95 per litre ...

Notwithstanding the current economic and socio-political uncertainty, numerous companies in Africa are still positive about the growth potential of the continent. PwC research across the continent shows that 91% of CEOs are confident about their own companies’ growth prospects in the medium term. “This is the highest level of confidence since we started our research on CEOs in Africa in ...