BUSINESS

Shell has admitted for the first time it dealt with a convicted money-launderer when negotiating access to a vast oil field in Nigeria. It comes after emails were published showing Shell negotiated with Dan Etete, who was later convicted of money laundering in a separate case. Shell and an Italian oil company paid $1.3bn (£1bn) to the Nigerian government for ...

Jude Arthur, an accomplished banker has been appointed Board Chairman of the GCB Bank. This was after some changes were made to the composition of the Board. Also appointed are Lydia Essah and Raymond Sowah who will be directors of the Bank. Meanwhile, Daniel Owiredu who until now was the Chairman of the Board, Moses Asaga, Mona Quartey and Faustina ...

Ghana’s economy still remains a highly import driven one despite calls and the need to diversify the country’s exports and move it to a highly export driven one. Latest figures from the Ghana Shippers’ Authority have shown that total imports via the country’s maritime trade routes were twice the total exports for 2016 as compared to the previous year. Also, ...

The Ghana Shippers’ Authority says the maritime trade outlook for 2017 is likely to increase in trade volumes by 10% with boost in both import of major commodities and export of raw materials and semi-process good to the Chinese and European market. According to the shipper’s authority, the growth is as result of the calm political environment after the generally ...

Water supply has seen a major boost in the Ashanti Region with the commissioning of some boreholes by The Royal Bank Foundation on Friday. The Royal Bank Foundation through its corporate social responsibility has constructed three out of many water boreholes for the T.I Ahmaddiyya Senior High School at Adanse Fomena, the Bonwire Senior High Technical School and the Kaase ...

The shareholders of pan-African financial institution, the United Bank for Africa (UBA) Plc, applauded the Board, Management and Staff at the 55th Annual General Meeting held in Lagos on Friday, 7 April, 2017. UBA shareholders approved the payment of N19.9 billion as final dividend for the financial year ended 31st December 2016, in addition to N7.3 billion interim dividend paid ...

Consumers of Sprite and Fanta have more to worry about than rotting teeth according to a Lagos High Court judge, who ruled that the Coca-Cola products could be “poisonous.” The court held that high levels of benzoic acid and sunset additives in the popular soft drinks could pose a health risk to consumers when mixed with ascorbic acid, commonly known ...

It is emerging that Ghanaians, will witness more borrowing under the Akufo-Addo government, contrary to its campaign accusation against the John Mahama government and avowed promise not to borrow to fund its projects. The Member of Parliament (MP) for Bolgatanga Central, Isaac Adongo, has criticized the governing New Patriotic Party (NPP) for chasing a loan total of 14 billion dollars ...

INSOL International and World Bank Group in Association with GARIA ( Ghana Restructuring and Insolvency Advisors) is organizing the African Round Table (ART) forum on Insolvency. This year’s event is hosted in Ghana and themed: “The Freedom to Fail? Insolvency for Micro, Small and Medium Enterprise”. The program is open to the general public on the 7th October 2016 at ...

By Miriam Caldwell Updated July 12, 2016 When you shop for a car you look at several different dealers, makes, and models. It is just as important to shop for a car loan. You can often find a better interest rate through your local bank or credit union than you would find with dealer financing. Additionally, if you are not ...