BUSINESS NEWS

Some disgruntled clients of Databank have threatened to attack the company for failing to honour withdrawal requests. Chief Executive Officer of the firm, Kojo Addae-Mensah who disclosed this to JoyNews on Thursday, said the situation is serious and could get out of hand. “It is a very serious matter. We …

The Investment and fund management firm Databank has announced the closure of its offices effective Thursday, December 22, and to work remotely following attacks and threats on its staff. A statement issued Wednesday by the company said it has not been spared the liquidity challenges that have beset the fund …

The Chief Executive Officer (CEO) of Special Group Of Companies, Dr. Ofori Sarpong has been honored by the Head of State Award Scheme. The businessman was honored with a Life Icons award at the event which was held at the Jubilee House in Accra. The award was personally presented by …

The Chief Executive Officer (CEO) of Special Group Of Companies, Dr. Ofori Sarpong has been honored by the Head of State Award Scheme. The businessman was honored with a Life Icons award at the event which was held at the Jubilee House in Accra. The award was personally presented by …

The new look of banknotes featuring the image of King Charles has been unveiled by the Bank of England. The portrait will be the only change to existing designs of £5, £10, £20 and £50 notes and will start to enter circulation from mid-2024. New notes will feature the King’s …

In 2017, the new government based on campaign promises reduced or abolished 18 taxes that were bringing in revenue. It was dubbed the nuisance tax. This brought a massive reduction in government revenue. To make up for the revenue shortfall, the government adopted borrowing. This increased Ghana’s bond market activities …

The Ghana Private Road and Transport Operators (GPRTU) and the Ghana Road Transport Coordinating Council have finally resolved to reduce transport fares by 15.3 percent. The decision was taken after a series of negotiations with stakeholders. The reduction takes effect on Monday December 19. A joint statement by the GPRTU …

The Abossey Okai Spare Parts Dealers Association has denied the Ghana Private Road Transport Union’s (GPRTU) claim of increases in the prices of spare parts. The GPRTU after a slight reduction in fuel prices refused to reduce transport fares arguing that prices of spare parts and lubricants have also been …

The Ghana cedi has in less than five hours today, December 14, 2022, gained 5.6% value against the US dollar, resulting in a cumulative gain of approximately 33.6% in the month of December alone. $1 is now trading at an average rate of ¢10.70 with a market range spanning GH¢10.70 …

The Ghana Union of Traders Associations (GUTA) has appealed to its members to adjust the prices of goods and services in accordance with recent stability of the local currency. According to the leadership of GUTA, recent efforts by government and the Bank of Ghana have seen a stability in the …