BUSINESS

Ghanaians have enjoyed stable electricity supply since 2017 as opposed to the dreaded ‘Dumsor’ they endured from 2011 to 2016. The interesting part is not only has the ingenuity of the managers of the economy kept the lights on at affordable prices, they have miraculously extended power to a segment of Ghanaians since incidence of COVID-19 till now for Free. ...

Absa Bank Ghana has begun its 2021 ReadyToWork sessions with a renewed mandate of reaffirming its commitment to education and skills development in Ghana. Over 35,000 students and youth were supported to upskill with the ReadyToWork programme last year 2020, equipping them with soft skills for improving their employment or self-employment prospects, via face to face and online media nationwide. ...

Alpha Lotto Limited, a private lottery operator licensed by the National Lottery Authority (NLA) in partnership with Veterans Administration Ghana has taken its operations to a higher height following the grand commissioning of an ultra modern-hall for the live telecast lottery draw. It will be the highest transparency and professional level draw which would come off from its headquarters located ...

The public debt stock peaked in December last year after increased debt accumulation to plug revenue shortfalls and finance a larger fiscal deficit expanded the amount that the country owes to domestic and external creditors. Bank of Ghana (BoG) data released on January 29 showed that the debt stock ended the year at GH¢286.9 billion, the highest since the bank ...

Absa Group has appointed Frances Adu-Mante as the new board chair of the banks subsidiary in Ghana, Absa Bank Ghana following the successful securing of the necessary regulatory approvals. Mrs Adu-Mante, who has served on the Board since September, 2017 succeeds Mr. Charles Alexander Cofie, who completed his tenure as Board Chairman on Thursday, 31 December 2020. “I am delighted ...

As the coronavirus pandemic continues to wreak havoc on the economy and put much pressure on the health system, with many calling for increased spending on health-related expenditure to curb the disease, government has indicated in the 2021 first quarter budget that it will use part of the cash allotted to fight the pandemic as seed capital for the yet ...

The former Finance Minister Seth Terkper has asked the government to focus on homegrown policies to revive the economy post Covid or the country may have no choice than to return to the International Monetary Fund (IMF). Speaking on the Morning Starr on Tuesday, Mr Terkper added that the government must not project higher growth figures to help it put ...

The prizes range from a Nissan vehicle to mobile phones and plaques. An Agent at the Modern Action Ventures at Nkroful Junction, Madam Rita Kwaku was adjudged the Winner of the 2020 MTN Awards and received a Nissan vehicle for her loyalty and dedicated services to MTN. The first runner-up awardee received a motorbike and a cheque for GHc10,000 while ...

As part of measures to ensure the economy has a stable local currency for the year, and especially in the first quarter when demand for forex is high, the Bank of Ghana plans to inject a whopping US$775million through its FX forward auction programme to achieve this objective. Out of this amount, US$50million will be pumped into the economy bi-weekly ...

Prestige Links Security Limited has sued Ghana Oil Company (GOC) to the tune of US$15,000,000 million for damages accruing over an eight-year period. In the proposed statement of claim made by Prestige Links Security Limited (herein as Plaintiff) versus Ghana Oil Company (Defendant), the aforementioned is seeking a declaration by the High Court that the Defendant breached a duty of ...