BUSINESS NEWS

International Ratings agency, Fitch, says Ghanaian banks are well-positioned to absorb the increased asset quality risk from borrowers pressured by the economic effects of the coronavirus pandemic. According to the UK based firm, the covid-19 pandemic-induced defaults will add to legacy asset quality issues, but strong operating profitability and improved …

The UK has signed a trade partnership agreement with Ghana that secures tariff-free trade and provides a platform for greater economic and cultural cooperation. The agreement was signed by Secretary of State for International Trade, Liz Truss and Ghana’s Acting High Commissioner to the UK, Peprah Ampratwum, at the Department …

Senior Vice President of IMANI Africa, Kofi Bentil, says Ghana will lose the $55million case Chinese company Beijing Everyway has filed against it in the Court of International Arbitration. Speaking on Newsfile, he said that Ghana wrongfully breached the contract it signed with the company which was expected to handle …

Investment and brokerage firm, Databank has withdrawn its services as a financial advisor in the Agyapa royalties deal. The firm together with Imara Holding Limited jointly served as transaction advisors for the monetization of Ghana’s gold royalties through the dual listing of the Agyapa Gold Royalties Company on the Ghana …

Among five sub-Saharan African countries that Standard Bank, parent company of Stanbic Bank Ghana undertook a Consumer Insight Report, Ghana was ranked 4th with the highest prices of consumer goods. The nation surveyed were South Africa, Nigeria, Ethiopia, Kenya and Ghana. The country placed 4th ahead of Kenya, which was …

Britain has secured a trade deal worth £1.2 billion with Ghana, International Trade Secretary Liz Truss has announced. A joint statement from the two countries said: “Today Ghana and the UK are pleased to announce that they have finalised negotiations on a new Interim Ghana-UK Trade Partnership Agreement. This Agreement will provide for …

UK companies have begun rejecting imports from Ghana as the country and Britain have failed to reach a trade agreement, post Brexit.     So far, banana farmers have lost 20% of their exports to the UK and could lose about 70% more by next week.     The three …

Dean of Graduate Studies at the University of Professional Studies, Accra (UPSA) Dr. John Kwaku Mawutor, has entreated government to subsidize fuel prices in order to make it possible for commercial transport owners to adhere to the COVID-19 protocols including social distancing in buses. He said this on the back …

  The tenure of the Governor of the Bank of Ghana, Dr. Ernest Addison has been renewed by President Nana Akufo-Addo for another four years. His current tenure which begun on 1st April 2017 will end at the end of March 2021. But according to Citi Business News sources at …

The figure shows that government spent about GHS12.8 billion between September and November last year Ghana’s total debt stock has increased from GHS274.1 billion in September 2020 to GHS286.9 billion as at November 2020, according to the Central Bank. This means that government spent about GHS12.8 billion between September and November …