BUSINESS NEWS

Ghana Cocoa Board (COCOBOD) has vehemently denied claims that it was rejected by international banks in its quest to secure a $1.5 billion loan for the 2024/2025 cocoa crop season. This comes after Minority Leader Cassiel Ato Forson alleged that the loan request failed to attract interest from international banks …

President Nana Akufo-Addo has cut-sod for the commencement of work on the first phase of the Petroleum Hub Development project at Nawule in the Jomoro District of the Western Region. The project is expected to build a 3,000-per-day barrel capacity refinery among others leading to the employment of 780,000 people. …

The Office of the Presidency has rejected a petition filed by the Coalition of Concerned Nzema People, challenging the acquisition of 20,000 acres of land by the Petroleum Hub Development Corporation (PHDC), insisting that the scheduled sod-cutting ceremony will proceed as planned. This follows a petition by the Coalition of …

The Member of Parliament for Akyem Oda and Deputy Minister of Health, Mr. Alexander Akwasi Acquah, has called for an end to the conflict between the Timber Market Traders and the Forestry Commission Staff, urging them to embrace peace. According to the lawmaker, he has referred the case to Hon. …

Financial irregularities among public boards, Corporations, and other statutory institutions declined by Ch¢ 6.2billion in 2023 , the Auditor General’s report has disclosed. During the period ending December 31 2023, the total irregularities recorded a decrease of 41.6 per cent (chs¢260,1786 from Ch¢15, 059 441,806) in 2022 to total irregularities …

The 2024 National Business Pitch Competition (NBPC) concluded with resounding success, showcasing the ingenuity and entrepreneurial spirit of Ghana’s youth. With the theme “Greenovation,” this year’s competition centered around sustainable solutions and green technologies, highlighting the vital role of entrepreneurship in advancing Ghana’s green economy and contributing to global sustainability …

Kwaku Agyeman-Duah, who was the former Chief Executive Officer of the Association of Oil Marketing Companies (AOMC) and a board member of the Ghana Investment Promotion Centre (GIPC), has passed away. Reports indicate that he died over the weekend following a brief illness. In April this year, Dr Riverson Oppong …

The Transport Operators of Ghana have taken a swipe at the New Patriotic Party’s (NPP) flagbearer, Dr. Mahamudu Bawumia over his pledge to extend the renewal of driver’s licences from two years to 10 years. The group in a statement on Tuesday, August 13, described Bawumia’s pledge as “another bait …

Vice President Dr Mahamudu Bawumia has commissioned the Royal Ghana Gold Refinery, a state-of-the-art facility with the capacity to refine 400kg of gold daily. The Accra-based refinery produces 24-carat gold with a 99.99% purity rate, marking a significant milestone in Ghana’s journey to add value to its mineral resources. The …

The Bank of Ghana has imposed sanctions on 47 individuals and 245 business entities for issuing dud cheques. A statement from the BoG on August 6, 2024, said the individuals and the entities breached a notice which was published in March 2021. “The affected bank customers issued dud cheques on …