BUSINESS

A local manufacturing company in Cape-Coast in the Central region has been shut down suddenly by the management. Workers of Ameen Sangari Industries reported to work Monday morning to read notices that the factory had been closed down until further notice. Management has directed the workers are paid their February salaries while they work on their severance packages. Shocked workers ...

As part of activities marking the citizenship week by STAR-Ghana Foundation, stakeholders, partners among others have met to take stock and reflect on activities of the foundation and lessons drawn from practise. The two days event held in Accra also provided an opportunity for stakeholders to discuss possible alternative sources of funding as the multi- donor funding package for STAR-Ghana ...

An economist with the University of Ghana Business School Dr Lord Mensah has backed claims that the deadly Coronavirus could be a reason for the recent stability of the Cedi. According to him, Ghana does huge volumes of trade with China and therefore not surprising that traders may not be changing dollars for trips as a result of the situation ...

The greater Accra regional branch of the Ghana private road transport union(GPRTU) has outdoored ultra modern Toyota mini vans to boost the day to day administration of the union and generate income to support the union’s administrative work Regional chairman of the union, Emmanuel Nii Ankrah said the union is taking steps to remedy challenges currently facing the union.   ...

An Accra High court has ordered the Bank of Ghana to go back to arbitration with shareholders of unibank over the revocation of the bank’s license in 2018. The court has also directed the parties involved in the case to choose their own arbitrator in the matter. The court ruling comes after the appointed arbitrator Retired Supreme Court Judge Prof ...

management of Experts Consult Ltd has urge Ghanaian parents to accept autistic children. The call follows concerns of some parents abandoning children with the condition and treating them as cursed Experts Consult Ltd made the appeal after donating items including books, detergents and boxes of bottled water to the Autism Awareness Care and Training Centre in Accra. The move was ...

Customers of the collapsed Microfinance and Savings and Loans firms are to begin receiving monies through CBG today. According to a statment by the bank, customers whose investment go beyond the agreed threshold will have them converted into bonds. It comes after President Akufo-Addo gave the assurance during his last state of the nation address that the monies will be ...

The African Business Centre for Developing Education in partnership with Vivo Energy Ghana, marketers and distributors of Shell products yesterday held its maiden Breakfast Meeting on Education at the British Council, Accra. The event was held under the theme: ‘The Promise of e-learning to STEM Education in Ghana: a special focus on Girls’. Nearly 200 stakeholders from the diplomatic corps, ...

President Nana Akufo-Addo said the government will spend GH¢5 billion ($937 million) to refund money that was locked up when the country closed down scores of second-tier lenders and micro-credit companies last year. That’s an increase from GH¢2.4 billion previously pledged for these lenders and in addition to GH¢13 billion that was mainly issued through bonds to support the clients ...

President Akufo-Addo has hinted customers of the collapsed Savings and Loans firms who still have their investment locked up with the Receiver will begin receiving full payments from Monday. “I am informed that the Receiver of the Savings and Loans and the Microfinance institutions will on Monday 24th February [2020], begin making payments to their customers, [with] these monies totalling ...