BUSINESS

The General Agricultural Workers Union (GAWU) has warned Ghanaians to brace themselves for increments in food prices in the country. The General Secretary of GAWU, Edward Kareweh, said Ghana is in a harvest season but food prices are high on the market. He projected the prices to increase in the month of January and February 2022. The General Secretary was ...

The Chief Executive Officer (CEO) for the Ghana Chamber of Bulk Oil Distributors, Senyo Hosi, has described Ghanaian politicians as ‘very myopic’ over their inability to create a mass transportation system for citizens. “The money we have spent in the last ten years wasting around petroleum would have transformed our mass transportation sector. Politicians in our country under our current ...

After the cancellation of two signature global trade shows due to the Covid-19 pandemic, South African Tourism is excited to once again host both Meetings Africa and Africa’s Travel Indaba. The destination marketing organisation on Wednesday, November 10 confirmed that the flagship business events and leisure trade shows will return next year, with both platforms being hosted as physical events ...

The Volta Development Forum, a business society in the Volta region is demanding answers from the government and the Aviation Ministry as to why the Ho airport has since not been operationalized several months after domestic flight operators, African World Airlines undertook a test flight to the facility and declared it fit for purpose. At a press briefing earlier today ...

The Founder and former Chief Executive Officer of the defunct Capital Bank William Ato Essien has told the High Court in Accra that he is a “destiny and nation builder.” Ato Essien who was unable to conclude negotiations with the state to pay compensation under section 35 of the courts act and was ordered to open his defense, said, he ...

The Ghana Union of Traders’ Association (GUTA) has appealed to the government again through the Ministry of Finance and Economic Planning not to reverse the policy on the 50% reduction on the benchmark value in the 2022 budget statement. The policy was introduced few years ago to save businesses, especially, trading from total collapse due to high import duties and ...

Golden Star and Chifeng Jilong Gold Mining have announced that they have entered into a definitive agreement (the “Arrangement Agreement”) pursuant to which Chifeng has agreed to acquire all of the issued and outstanding common shares of Golden Star (“Golden Star Shares”) by way of a statutory plan of arrangement (“Plan of Arrangement”) under the Canada Business Corporations Act (the ...

Deputy Minister of Lands and Natural Resources in charge of Mining George Mireku Duker has assured that government will continue to monitor and ensure that mineral revenues are used to the benefit of communities affected by mining. He decries instances where mineral revenues are used for recurrent expenditure by assemblies in mining areas and assured such practices will cease. “Obviously, ...

African Development Bank Group President, Dr. Akinwumi A. Adesina, said on Friday that the Bank will integrate the African Continental Free Trade Area (AfCFTA) into its country and regional integration strategies. Receiving AfCTA Secretary-General Wamkele Mene, in Abidjan on 29 October, Adesina said “the implementation of the free trade area will become a key component of the Bank’s lending program. ...

President of the Ghana Union of Traders Association (GUTA), Dr. Joseph Obeng has described as laughable, assertions being made that the establishment of the Ghana Traders Bank is not feasible. According to the trading group, explanations that the Bank will not be able to reduce interest rates to as low as 20 per cent has no scientific basis hence those ...