BUSINESS NEWS

The Electricity Company of Ghana (ECG) has announced that it will shut down all its offices nationwide, starting from Monday, March 20, 2023. The utility provider in a public notice said the temporary closure was aimed at conducting a revenue mobilization exercise that will span a month and end on …

While rescuers work around the clock to get the Kejetia fire under control, details are emerging about how the inferno may have started. The inferno gutted parts of the Ashanti regional facility on Wednesday, March 15, 2023. Traders affected by the incident are wailing while they try to salvage as …

Government says processes for paying matured coupons on outstanding bonds commenced on Monday, March 13, 2023, and urged bondholders to expect such payments to hit their accounts within the next 48 hours. This was captured in a statement issued by the Ministry of Finance on Tuesday, March 14. “Government is …

The Global Chamber of Business Leaders (GCBL) has as part of efforts to open up the world to trade and economic partnerships, entered into a strategic cooperation agreement with one of the leading learning institutions in Vietnam, the Institute for Economic and Financial Studies (IEFS). Both IEFS and the Global …

The Management of Ghana Revenue Authority has refuted allegations that its officials have been constantly harassing the Member of Parliament for Assin Central, Kennedy Agyapong, through unwarranted audits of his company. In a press statement, it explained that its officials have merely been carrying out their mandate in line with …

An oil tanker loaded with Russian crude has been idling off the coast of Ghana for more than two weeks after arriving, according to Bloomberg. The tanker christened Theseus arrived in Ghana’s territorial waters on February 24, 2023, and was supposed to be discharged into storage tanks at the Tema …

The bond market declined by about 52.50% year-on-year in market turnover in the month of February 2023. According to the Ghana Stock Exchange’s Summary of February 2023 Market Activities, the month closed with a total volume trade of 9.17 billion. This however represented a decline of 9.48% compared to the …

The Institute for Energy Security (IES) is calling on government to come clear on the 600,000 barrels of Russian crude oil aboard MT Theseus. According to the energy think tank, government must also let Ghanaians know why it failed to block the vessel as suggested by the boss of the …

So where is the 600,000 barrels of crude oil from Russia that arrived at the Tema harbour? And who procured that cargo and for what purpose? Three central questions have emerged since Bloomberg broke the story that “a cargo of Russian oil is heading for storage tanks in Ghana”. The …

International business news network, Bloomberg says about 600,000 tonnes of fuel from Russia have been shipped and stored in Ghanaian tanks. Following Russia’s invasion of Ukraine, the European Union and US barred fuel imports from the former Soviet leader. Bloomberg reports that its tanker tracking data show that “The last …