BUSINESS

The Commercial Division of the Accra High Court has ordered the Attorney-General’s (A-G’s) Department to serve former Managing Director of UT Bank, Prince Kofi Amoabeng, and four others who are standing trial for the collapse of UT Bank with all the documents it intends to rely on for their trial. Justice Philip Bright Mensah , a Justice of the Court ...

Ghana Community Network Service Limited (GCNet) will cease operations at the country’s ports on June 1, 2020 to pave the way for UNIPASS, now Integrated Customs Management Systems (ICUMS), to take over the single window operations. It will be the second time ICUMS will be attempting to take over the single window operations at the country’s ports. Acting Commissioner General ...

The global COVID-19 Pandemic has slowed down the economic activities of the world. To this effect, many sectors are struggling to sustain the pandemic which has collapsed several organizations leading to a high rate of unemployment across the globe. To sustain the aquaculture industry in Ghana, fish farmers have been encouraged to create the right niche in order to acquire ...

The Minister for Foreign Affairs and Regional Integration, Shirley Ayorkor Botchwey, has underscored the need for Ghana and other African countries to work towards the operationalisation of the Africa Continental Free Trade Area (AfCFTA) despite the impact of the COVID-19 pandemic. Presenting a statement on the floor of Parliament on Tuesday, May 26 to mark the occasion of Africa Day, ...

The devastating impact of COVID-19 on the poultry sector, particularly market destruction continues to get worse in each passing day, resulting in egg glut across production areas like the Dormaa enclave in the Bono Region. The consequential effects of COVID-19 pandemic in the country and its containment restrictive measures such as closure of schools, ban on social gatherings and hospitality ...

Leadership of the Public Services Workers’ Union, (PSWU) of the Trades Union Congress, (TUC) has locked horns with CEO for the Ghana Trade Fair Company, GTFC Dr Agnes Adu over what the Union terms “unconventional mass termination of appointments of some 23 staff of the Company. The workers have been laid off “terminated” supposedly as a result of the Ghana ...

The Human Rights Division of the Accra High Court presided over by Justice Gifty Agyei Addo has dismissed an application by the Bank of Ghana (BoG) seeking to halt proceedings in a case initiated against it by HODA Holdings. The Central Bank was challenging the decision of the High Court that dismissed their claim earlier that the High Court lacked ...

The Gauteng Department of Health on Sunday confirmed that 53 employees at AngloGold Ashanti’s Mponeng mine in the Merafong district have tested positive for Covid-19. According to the latest update on the company’s website, the number of positive cases has now been confirmed as 164, of which the vast majority are asymptomatic. All positive cases will be isolated in line ...

During the first quarter of 2020, the Asanko Gold Mine (AGM) sold 67,820 ounces of gold at an average realized gold price of US$1,542/oz. Revenues totalled US$104.8 million, an increase of US$37.8 million from Q1 2019. The increase in sales proceeds was a function of higher sales volumes and higher average realized gold prices in Q1 2020, the company said. ...

Mobile Telecommunications Network (MTN) has mounted a fierce defence for the rights of the over 15 million persons who subscribe to its communication network and other services. The defence was contained in an affidavit that the telecommunication giant filed in a case at the Human Rights High Court in Accra on May 20, 2020. “[We are] aggrieved by the attempt ...