BUSINESS NEWS

The Government through the Lands Ministry has dismissed claims of engaging the services of land guards to reclaim encroached state lands. This comes after the Ghana Armed Forces and the Ghana Police Service were accused of hiring land guards to reclaim their encroached lands. This claim was allegedly made by …

Mr. Kennedy Ohene Agyapong, a prominent member of the New Patriotic Party (NPP) vying for the party’s flagbearer position, has voiced his discontent with the government’s handling of the local currency. During his campaign tour in Kintampo East on July 16, Mr. Agyapong expressed his dissatisfaction with the depreciation of …

Following the painful and poorly implemented Domestic Debt Exchange Programme (DDEP) by this government, Pensioners were forced to picket at the Finance Ministry several times to demand payment of their matured coupons and principal investment in government bonds. The scenes of agony and frustrations among the fragile Pensioners to get …

Under auspices of the NEIP and in collaboration with the Prisons service to provide skills in various light manufacturing areas and entrepreneurship to prisons officers and inmates and to provide starter pack and kits they will use for production. Speaking at the official launch of the entrepreneurship for restoration programme, …

The Economic Community of West African States (ECOWAS) Court of Justice has dismissed the suit against the Agyapa Royalties deal filed by the Ghana Integrity Initiative and Transparency International Ghana. This means that the court would not be ordering the government of Ghana to stop the sale of the country’s …

A former Deputy Governor of the Bank of Ghana (BoG), Millison Narh, has died. He died after a short illness in the U.S.A. Mr. Narh retired from the BoG as a Deputy Governor in 2017. He was Deputy Governor from July 2009. During his tenure, Mr. Narh once acted as …

The West African Gas Pipeline Company Limited (WAPCo), has debunked claims that it’s facing technical challenges which resulted in power outages in parts of the country on Friday, July 7. The Ghana Grid Company Ltd (GRIDCO) in a statement on July 7, blamed the power outages to a shortage of …

The refurbished Kwame Nkrumah Memorial Park (KNMP) in Accra, Ghana, is to be temporarily closed from midnight on Friday, July 7, 2023, to Tuesday, July 11, 2023. The closure is to allow for preparations towards the commercial operations of the park. This development was announced in a statement signed by …

Ghana’s local currency -the cedi has been classified among Africans currencies with the ‘worst Spot Returns. This is according to a Bloomberg report. On the World Currency Ranker the cedis performance placed 17th, depreciating by 11.21 percent. According to Bloomberg although the cedi lost about 11.21% to the US dollar …

The recent increase in Value Added Tax (VAT) rates in Ghana has sparked concerns among business owners, with the Ashanti Business Owners Association expressing their dissatisfaction. According to the association’s Executive Secretary, Mr. Charles Kusi Appiah Kubi, these tax hikes are adversely affecting Ghanaian businesses and even ordinary households. While …