Mahama Speaks At AfDB Meeting In India
Mr. Mahama was invited by the bank and the Indian Government Former Ghanaian leader John Mahama is in India to attend the 52nd Annual Meeting of the African Development Bank (AfDB) Group. The...
Tag: Business_Finance
Fuel Smuggling Won’t Stop Without Sanctions – Oil Firms
Firms in the downstream petroleum sector remain livid about the activities of criminals who dump products meant for neighbouring countries back onto the Ghanaian market, saying the only way is for...
Former Standards Authority Director Cited In $1.2m Kickback Scandal
Joy News has intercepted an investigative report which alleges that former Executive Director of the Ghana Standards Authority Dr George Crentsil received a $1.2million kickback from a contractor....
NHIS To Pay Service Providers Today
The National Health Insurance service providers who are owed by the Authority will begin getting their monies today. This is according to the new Chief Executive Officer, Dr. Samuel Annor. Dr. Annor...
Swiss Chemical Maker Clariant To Merge With US Huntsman
Swiss group Clariant on Monday said it planned to merge with US counterpart Huntsman to create a trans-Atlantic chemicals giant with a combined value of around $20 billion. The all-stock transaction...
China’s Hainan Airlines To Buy 19 Boeing Jets For $4.2bln
China's Hainan Airlines, which has poured billions of dollars into overseas acquisitions, announced plans Monday to buy 19 Boeing aircraft for $4.2 billion to help meet skyrocketing travel demand by...
Ghana Export Promotion Authority Targets $4 Billion In 2017
The Ghana Export Promotion Authority (GEPA) is targeting $4 billion in non-traditional export (NTEs) earnings for 2017. The target represents a big leap from the $2.463 billion recorded in 2016....
Finance Minister Wants More Time To Respond To CHRAJ On $2.25 Billion Bond
The Minister of Finance, Mr Ken Ofori-Atta, has requested for an extra 15 working days to respond to the queries of the Commission on Human Rights and Administrative Justice (CHRAJ) in the matter of...
Cathay Pacific Sacks 600 Staff In Major Shakeup
Hong Kong's flagship airline Cathay Pacific said Monday it would cut 600 staff as part of a major overhaul to slash costs and repair its bottom line. The company posted its first annual net loss in...
Asian Energy Firms Lead Market Gains On Hopes For Oil Ouput Cut
Energy shares led a broad rally across Asian markets on Monday as oil prices were boosted by growing hopes that an OPEC-led output cut will be extended by another nine months. With the deal agreed...
Exports Propel Japan To Third Straight Trade Surplus
Japan posted a trade surplus for the third straight month in April helped by a further rise in exports including to the United States, official data showed Monday. American President Donald Trump has...
‘Bullet Injection’ Needed For Efficiency, Not Piecemeal Energy Levies
The Deputy Minister for Information Kojo Oppong-Nkrumah has stated that a piecemeal approach towards settling Ghana’s energy legacy debt is not the solution to the problems of the sector. He...
Accra Gets Second Waste Transfer Station
Indigenous waste management company, Zoomlion Ghana, has commissioned another waste transfer station to facilitate the collection and disposal of waste in the metropolis. The facility was opened on...
Economist Pushes For A Reduction In Policy Rate
Ahead of the announcement of a new policy rate by the Bank of Ghana on Monday, some economists are predicting a further drop in the policy rate. Economist Professor Godfred Bokpin explains to Citi...
MTN In Discussions To Buy MultiChoice Africa – Sources
Industry sources have revealed that MTN is in discussions regarding a potential acquisition of MultiChoice Africa. MultiChoice Africa provides video entertainment for subscribers in 49 African...
‘Give Loans To Qualified Applicants and the Credit Worthy’
Rural and Community banks (RCBs) should endeavour to offer credit to qualified persons as regards favouring unqualified, but related applicants, since the development contributes to the rising...
Telcos Can Pay Salaries Through Mobile Money – Vodafone CEO
Some players in the telecom industry have indicated their readiness to handle the payment system of workers in the country through the mobile money platforms. They point out that with the right IT...
AYo Introduces Insurance Services On MTN Mobile Money Platform
Micro-insurance solutions provider, aYo has made it possible for MTN subscribers to now enjoy insurance services in their Mobile Money transfers. With its first product to be launched in Ghana...
Scottish Power Lands US Wind Farm Deal
Scottish Power has won the right to build two offshore wind farms in the US which it says could eventually power 400,000 homes. The two sites combined are more than double the size of the energy...
Finance Minister Wants More Time To Respond To CHRAJ On $2.25bn Bond
The Minister of Finance, Mr Ken Ofori-Atta, has requested for an extra 15 working days to respond to the queries of the Commission on Human Rights and Administrative Justice (CHRAJ) in the matter of...