BUSINESS NEWS

The Asantehene Otumfuo Osei Tutu II has called on the leadership of Vodafone Ghana to protect jobs as it transfers its shares to the new owners, Telecel Group. There are fears some workers of the company may lose their jobs following the transfer of 70% of Vodafone shares to Telecel …

The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva has attributed Ghana’s economic struggles to the COVID-19 pandemic and the outbreak of the Russia-Ukraine War. The IMF Chief said the Ghanaian economy was thriving and making positive gains until COVID-19 struck, changing the economic outlook and was further …

One of China’s most high-profile billionaire bankers has gone missing, his company has reported. Bao Fan, the chief executive of China Renaissance Holdings, had not been able to be reached in recent days, the firm said in a market update on Thursday. Mr Bao is a leading deal broker in …

The government of Ivory Coast has officially reopened its land borders closed to travelers from Ghana since March 2020 due to the coronavirus pandemic. Western Region Public Relations Officer of the Ghana Immigration Service Moses Akakpo, who confirmed the news to Nhyiraba Paa Kwesi Simpson, the host of Connect FM’s …

The president of the World Bank will step down from his post in June, leaving the organisation almost a year before his term was due to end. David Malpass announced his decision on social media, without providing a specific reason for his departure. The pick of former US President Donald …

The year-on-year rate of inflation for January 2023 was 53.6%, latest figures from the Ghana Statistical Service (GSS) have shown. This means that in the month of January 2023 the general level of prices was 53.6% higher than in January 2022.   This is a 0.5 percentage-point drop relative to …

The International Monetary Fund (IMF) has appointed a Resident Advisor to the Bank of Ghana (BoG) to oversee financial sector supervision in the country. The fund appointed Leonard Chumo, an Irish and Kenyan, to the central bank this month to provide technical assistance and help build the capacity of the …

The government has assured all individual bondholders, especially senior citizens, that their coupon payments and maturing principals, like all Government bonds, will be honoured in line with Government’s Fiscal commitments. This comes after the Government’s Domestic Debt Exchange Program (DDEP) closed on Friday 10th February 2023 with over 80% participation …

An Accra Magistrate Court has ordered ten (10) Yam sellers at the Agbogbloshie market to sign a bond to be of good behaviour and not to display their goods for sale in any pathway or avenue of a market. They are Frank Telekpon, Marboriwe Ntekellama, Awiase Mmolebe, Wisdom Bindiche, Ebenezer …

The Director of Communications of the New Patriotic Party, Richard Ahiagbah is baffled as to why former Chief Justice Sophia Akuffo found it necessary to protest against government’s proposed Domestic Debt Exchange Programme (DDEP). To him, as far as government is not imposing the programme on anyone, the former CJ …