Home Archive by category Business (Page 2)

Business

Business
Energy Minister, Dr. Matthew Opoku Prempeh says the Government has demonstrated its commitment and support for industries with respect to providing and maintaining stable and cost effective energy through policies and strategies that promote the industrialisation drive of the Akufo-Addo government. Speaking at the inaugural Presidential Business Summit to dialogue on the Continue Reading
Business
The Board of Directors of the African Development Bank Group has approved a $50 million Trade Finance Unfunded Risk Participation Agreement (RPA) facility between the African Development Bank and Standard Chartered Bank. The agreement is expected to boost intra-Africa trade, promote regional integration, and contribute to the reduction of the trade finance gap in Africa, Continue Reading
Business
The Minister of Transport, Hon. Kwaku Ofori Asiamah has charged the Governing Board of Metro Mass Transit Limited (MMTL) to bring their expertise to bear by introducing innovative measures that will help turn around the transport company. According to the Minister, the challenges confronting the transport company are enormous and will require wise counseling and […]Continue Reading
Business
President Akufo-Addo has announced governments approval of the selection of Rocksure International as strategic partner for the Ghana Integrated Aluminium Development Corporation (GIADEC) towards the development of the $6 billion dollars Nyinahin-Mpasaaso mine which constitutes project two of the four phase Integrated Aluminium Industry (IAI) in Ghana. Addressing attendees Continue Reading
Business
The Importers and Exporters Association of Ghana, has described as welcoming, a decision by CMA- CGM, an internationally acclaimed container transportation and shipping company to suspend the increment of freight charges effective, 9 September 2021, to 1 February 2022. CMA-CGM in a circulated letter signed by it Executive Director, Rodolphe Saade, directing its global Continue Reading
Business
The President of the African Development Bank Group, Dr. Akinwumi A. Adesina, has received the Leadership Person of the Year award from the Leadership Newspaper Group in Nigeria. The award was given “in recognition of his public service record and extra-ordinary accomplishments in driving the growth and development of the African Development Bank Group.” Senior […]Continue Reading
Business World
A BBC Panorama investigation has found evidence that suggests one of Britain’s biggest companies paid a bribe to the former Zimbabwean leader Robert Mugabe. Documents show British American Tobacco (BAT) was involved in negotiations to pay between $300,000 and $500,000 to Mugabe’s Zanu-PF party in 2013. The documents also reveal BAT was paying bribes in […]Continue Reading
Business
Apple has updated its software for iPhones to address a critical vulnerability that independent researchers say has been exploited by notorious surveillance software to spy on a Saudi activist. Researchers from the University of Toronto’s Citizen Lab said the software exploit has been in use since February and has been used to deploy Pegasus, the […]Continue Reading
Business
President Akufo-Addo has sounded a word of caution to professionals across the country who are shirking their tax obligations. According to him, the current situation where about 60,000 professionals in the nation’s workforce are not complying with tax laws is worrying. He sees it as even more embarrassing where lawyers in many jurisdictions who are […]Continue Reading
Business Politics
The Deputy Majority Leader in Parliament, Alexander Afenyo Markin, is calling on Ghanaian youth to aspire to become entrepreneurs instead of looking for employment in the public sector. To him, the guarantee for success rest on building sustainable businesses, capable of employing others to create sustainable wealth in the process. Addressing an entrepreneurial seminar at Continue Reading
Business
The Ministry of Roads and Highways has defended the amount involved in the Accra-Tema Motorway Expansion Project. This follows the signing of a deal worth $570 million to extend and improve Ghana’s first-ever motorway between the Government of Ghana and Mota Engil on Sunday, September 12, 2021. The Ranking Member on Parliament’s Road and Transport […]Continue Reading
Business
The Ministry of Fisheries and Aquaculture Development says it has initiated processes to digitize the supply of premix fuel to fishermen. Vice President Dr. Mahamudu Bawumia in 2019 during a petroleum conference announced plans by the government to digitize the supply of premix fuel to end the frequent tussle over its distribution. Taking her turn […]Continue Reading
Business
The Vice President, Dr. Mahamudu Bawumia, has assured Ghana’s construction industry that the Akufo-Addo government is on course in its resolve to manage and mitigate the debilitating global effect of Covid-19 the construction industry and the general economy. Addressing members of the construction industry on Friday, September 10, at the maiden edition of Ghana Continue Reading
Business Politics
Bolgatanga Central lawmaker Isaac Adongo has asked Vice President Dr Mahamudu Bawumia to fix the construction industry, which according to him, is on the brink of collapse because the government has refused to pay contractors for works done and stop engaging in theatrics. Mr Adongo expressed shock that Dr Bawumia was given an opportunity to […]Continue Reading
Business Politics
The Chief Executive Officer (CEO) of the Youth Employment Agency (YEA), Mr Justin Koduah Frimpong, has said the Akufo-Addo government job-creation credentials are unparalleled. Speaking to Class News about the thousands of young men and women who thronged the Accra International Conference Centre (AICC) on Thursday, 9 September 2021 to look for jobs at a […]Continue Reading
Business General
The 2020 Presidential candidate of the opposition National Democratic Congress (NDC) has described the Akufo-Addo government’s flagship programme “Planting for Food and Jobs” as a failure. The former President has predicted a likely food shortage to hit the country in 2022 if the government does not pump more funds into the programme. Speaking on Moonlite […]Continue Reading
Business
The Ministry of Energy has responded to the Russian energy company, Lukoil’s concerns about being sidelined in the Ghana National Petroleum Corporation’s (GNPC) planned acquisition of stakes in Aker Energy and AGM Petroleum Ghana. In a letter to the Energy Minister, Lukoil said it has not been aware of and engaged in discussions of its […]Continue Reading
Business
Ecobank Transnational Incorporated (“ETI”), the Lomé-based parent company of the Ecobank Group, has announced a US$75-million Additional Tier 1 (“AT1”) investment by Arise B.V. (“Arise”). This Basel III-compliant instrument is the first AT1 instrument issued by ETI and a landmark transaction in the sub-Saharan Africa region. The investment will Continue Reading
Business
Consumer Price Inflation (CPI) for August is 9.7 per cent the Ghana Statistical Service (GSS) has announced. This rate of inflation for August 2021 is the percentage change in the Consumer Price Index (CPI) over the 12-month period, from August 2020 to August 2021. The monthly change rate for August 2021 is 0.3 percent. The […]Continue Reading
Business
The African Development Bank, in partnership with the Nordic Development Fund and the Government of Denmark, will roll out a programme to strengthen access to climate-resilient water and sanitation resources in Burkina Faso, Ethiopia, Mali, Niger and Somalia. The initiative is expected to strengthen recovery in the wake of the Covid-19 pandemic. The new initiative […]Continue Reading