Back to homepage

Business

Ghana’s economy to grow by 6.5% – not 7.6% – in 2019 – EIU

Ghana’s economy to grow by 6.5% – not 7.6% – in 2019 – EIU

Finance Minister, Ken Ofori AttaE-mailTweetWhatsAppShareShare The Economist Intelligence Unit (EIU) has said, with consumer demand remaining robust during the year, helped by the lower cost of credit, it projects Ghana’s GDP to reach 6.5% in 2019. This projection is about

Read Full Article
Support Ghana’s bid to host AfCFTA Secretariat – Ablakwa

Support Ghana’s bid to host AfCFTA Secretariat – Ablakwa

Member of Parliament for North Tongu constituency, Mr Samuel Okudzeto Ablakwa has called for support for the Akufo-Addo-led government in its bid for Ghana to host the African Continental Free Trade Area (AfCFTA) Secretariat. A Fact-Finding Delegation of the African

Read Full Article
GCMC board increased their salaries, allowances by 400% – Audit report

GCMC board increased their salaries, allowances by 400% – Audit report

The Auditor General has indicted the board of the Ghana Cylinder Manufacturing Company (GCMC) for the astronomical and illegal increase in the monthly fees and sitting allowances for the chair and members between 2016 and 2017. According to an audit

Read Full Article
MTN Ghana loses ¢39m in 4-months to fibre cable cuts

MTN Ghana loses ¢39m in 4-months to fibre cable cuts

MTN Ghana says it invested ¢825 million in network and information technology improvement in 2018.E-mailTweetWhatsAppShareShare MTN Ghana says disruption in its services caused by fibre cable cuts is on the rise, having suffered 382 incidents between January and March, this year,

Read Full Article
ECOWAS aims to cut car imports

ECOWAS aims to cut car imports

Ministers and Commissioners responsible for Trade, Industry and Investment in the Economic Community of West Africa States (ECOWAS) have held a crunch meeting to validate an automotive industry policy framework which seeks to boost the automotive industry in the sub-region.

Read Full Article
Typo on millions of Australian bank notes

Typo on millions of Australian bank notes

Australia’s latest A$50 note comes with a big blunder hidden in the small print – a somewhat embarrassing typo. The Reserve Bank of Australia (RBA) spelled “responsibility” as “responsibilty” on millions of the new yellow notes. The RBA confirmed the

Read Full Article
Former GNPC boss punches holes in approved renegotiated AGM deal

Former GNPC boss punches holes in approved renegotiated AGM deal

Alex Mould is former GNPC bossE-mailTweetWhatsAppShareShare Former Chief Executive of the Ghana National Petroleum Corporation (GNPC), Alex Mould, has said the government had no justification to amend the petroleum agreement with AGM petroleum for oil exploration. He also said Parliament’s

Read Full Article
Occidental to sell Anadarko Africa assets for $8.8bn

Occidental to sell Anadarko Africa assets for $8.8bn

Occidental inks $8.8bn deal to sell Anadarko’s African assets to Total Occidental Petroleum has reached a deal to sell Anadarko Petroleum’s oil and gas assets in Africa to French oil major Total for $8.8 billion. The agreement is contingent on

Read Full Article
Circulation of new cedi notes starts today

Circulation of new cedi notes starts today

The denomination to be affected are the 10, 20 and 50 cedi notes The upgraded and security-enhanced banknotes of the Bank of Ghana would be made available to the public for use as a medium of exchange from today, May

Read Full Article
PIAC raises alarm over inclusion of GH¢440m oil revenue in 2019 budget

PIAC raises alarm over inclusion of GH¢440m oil revenue in 2019 budget

The Public Interest Accountability Committee (PIAC) has faulted the Finance Ministry for including some unspent GH¢440 million from 2017 in this year’s budget expenditure. PIAC has described as misleading a claim by the Ministry that the GH¢ 440 million unspent oil revenue

Read Full Article