BUSINESS

The Institute of Energy Security (IES) has appealed to President Nana Addo Dankwa Akufo-Addo to intervene to rescue the Tema Oil Refinery (TOR) from folding up. The IES said TOR is at the moment saddled with huge debts, poor management and other challenges that must be tackled immediately. A statement issued by IES on Thursday June 16 said “While the ...

The Deputy Minister of Food and Agriculture, Mr Yaw Frimpong Addo, has described as false, reports that there is food shortage in the country. He said unlike in 2016 where there was a shortage of maize and Niger became a supplier of the staple to Ghana, the government’s Planting for Food and Jobs has reversed that trend. He said there ...

Former Minister of Finance and Economic Planning Professor Kwesi Botchwey says Ghana’s current economy is showing semblance of what pertained in the early 1980s. That period witnessed one of the hardest times including a near famine in the country. Speaking at the launch of ‘The Children of House No. D13, South Suntreso Kumasi’, a book jointly authored by the Ahwois, ...

Vice-President Mahamudu Bawumia on Wednesday, 15 June 2022, launched the GhanaPay mobile money service, the first bank-wide mobile money service by universal banks, rural banks, as well as savings and loans companies to individuals and businesses. The service, which operates like the existing mobile money service, also has additional banking services, and is opened to everyone with access to a ...

The Public Interest and Accountability Committee (PIAC) has cautioned the Ghana National Petroleum Corporation (GNPC) against continuously lending to the government. It follows failure by the governments to settle the 318.09 million dollars owed the cooperation. Lands For Sale In Acres at Aburi Amanfrom, Watch the video Below; The Chairman of PIAC, Prof Kwame Adom Frimpong speaking at a forum ...

The Komenda Sugar factory will soon start producing unrefined sugar, the Chief Executive for the Komenda Edina Eguafo Abrem municipality, Mr Solomon Ebo Appiah, has said. “This is no political talk. I will not play politics with the people I serve,” Mr Appiah is quoted by the state-owned Daily Graphic newspaper as saying. “There are a lot of works going ...

An Economist at the University of Ghana Business School (UGBS), Dr Adu Sarkodie has told the government to focus on tackling food inflation as a way of dealing with the rising rate of the national rate. He noted that, per the figures released by the Ghana Statistical Service (GSS) food inflation rate shot up the national rate, figures that demand ...

Emirates Airlines is seeking talented people with a passion for service to join its “award-winning” cabin crew team. As air travel returns with a vengeance, the airline’s recruiters are busy meeting and hiring candidates in 30 cities from now until the end of June. In this latest drive, Emirates’ teams will travel from Australia to the UK, and dozens of ...

The National Petroleum Authority (NPA) has taken notice of infractions by some Petroleum Service Providers (PSPs) who have engaged in illicit third-party trading of Petroleum products and has accordingly applied the requisite sanctions. A statement from the Corporate Affairs Department of NPA listed the affected companies and accompanying sanctions are as follows Lands For Sale In Acres at Aburi Amanfrom, ...

The Bank of Ghana (BoG) has increased the policy rate by 200 basis points to 19 percent after the Monetary Policy Committee (MPC) meeting. The Central Bank attributed its decision to inflation making it the second time in 12 months for such a move. Addressing the media Monday at the BoG’s Conference room in Accra, Governor of the BoG, Dr. ...