BUSINESS NEWS

Minister for Trade and Industry, Alan Kyeremanten, has indicated that the implementation of African Continental Free Trade Area (AfCFTA) cannot be optimized without the involvement of engineers. He said this at the opening of the 7th edition of Africa Engineering Week and the 5th Africa Engineering Conference in Accra on …

Workers of the Northern Electricity Distribution Company NEDCo and the Volta River Authority (VRA) in Tamale have partially restored their services following attacks on it’s offices by some residents.   The staff of NEDCO totally withdrew their services over concerns of safety, leaving most of the metropolis without electricity for …

The Interim Management Committee of the Tema Oil Refinery (TOR) says it has interdicted some staff for their involvement in the alleged theft of ¢10.4 million worth of cables. Describing it as unacceptable product losses, TOR said the thievery was discovered as a result a Technical and Human Resource audits. …

The Finance Ministry has dismissed rumours that Finance Minister Ken Ofori-Atta has resigned from his post.     It comes after speculations on social media that Mr Ofori-Atta has resigned over ill health.   In a statement, the ministry said the Finance Minister is still at post and focused on …

The Asantehene, Otumfuo Osei Tutu II, has endorsed Rocksure International as the strategic partner of the Ghana Integrated Aluminium Development Corporation (GIADEC), selected to implement Project 2:- development of a mine at Nyinahin-Mpasaaso and a refinery solution. At a courtesy call on Otumfuo Osei Tutu II, at the Manhyia Palace …

  The Governor of the Bank of Ghana has announced that the GHC 1 and the GHC 2 commemorative notes would soon be phased out from the system.   According to the Central Bank, the poor handling of the notes, that is torn and soiled, make it expensive to print …

Latest figures released by the Bank of Ghana indicate that in two months, the country’s public debt stock has increased by GH¢3.5 billion. By this, Ghana’s total public debt stock increased from about GH¢332 billion in May 2021 to about GHC336 billion in July 2021. According to the latest Bank …

The Ghana cedi has depreciated by 1.7% to the US dollar in the first nine months which will end next Thursday September 30th, 2021, according to data from the Bank of Ghana (BoG). The Central Bank pegged the rate of the cedi to the dollar at ¢5.86, though it is …

Former President John Mahama says some Ashanti businessmen have confessed to him that they voted against him in the past despite the growth their businesses experienced under his tenure. Speaking to some NDC supporters in Kumasi as part of his Thank You tour of the country, Mr Mahama said some …

The local currency is back into free-fall mode against its major counterpart trading currency, the US dollar, as it records its highest depreciation since beginning of the year, B&FT analysis has shown. Data from the Bank of Ghana (BoG) interbank FX rates show as of Tuesday, 7 September 2021, the …