Tag Archives: Business

Government is moving to increase Ghana’s non-oil exports volumes to the United States from the current $12 million to $500 million by 2020, President Nana Akufo-Addo has announced. To this end, the government is in the process of finalising a new African Growth and Opportunities Act (AGOA) export strategy that would enable Ghana …

The Minister of Energy, Boakye Agyarko, has disclosed that a technical assessment to ascertain the value of all assets of the Electricity Company of Ghana (ECG) is currently underway. The technical assessment is to enable government to ascertain the total value of assets belonging to the company, before leasing it …

Corruption has now become a “taboo” word within the main opposition National Democratic Congress (NDC), a group calling itself Integrity Against Corruption (I.A.C), has said.The pro-NDC group, while responding to criticisms against former President Jerry John Rawlings by some NDC stalwarts like Valerie Sawyerr and Dr Yao Obed Asamoah following …

Member of Parliament for Bolgatanga Central and Minority Spokesperson on Finance, Isaac Adongo, has said profligacy, and the ostentatious lifestyle of the management of UT and Capital banks, led to the collapse of these financial institutions.According to him, the management of these banks spent huge sums of money on putting …

The Central Bank has hinted at the possibility of job losses at two collapsed banks, UT and Capital Banks as GCB Bank rolls out its restructuring process, after acquiring them. The revelation by the financial regulator feeds into the fear of the over 900 staff of the two banks that …

The management of GCB Bank should thread cautiously in any plan to lay off workers after the takeover of UT and Capital banks, Yiadom Boakye Amponsah, a Labour Expert, has said.According to him, any retrenchment exercise without a well thought-through plan will further aggravate the unemployment canker in the country, …

An economist, Dr John Gastsi, has said the decision by the Bank of Ghana for GCB to take over UT and Capital banks is a shrewd decision.According to him, the timely decision will protect the integrity of the banking sector and also the customers of these banks.GCB Bank Limited, on …

The Group Nduom (GN) conglomerate has introduced GN Mobile Money.This service adds to the existing mobile money services rendered by telecommunication companies in the country.General Manager of GN Micro Enterprise, Kofi Asamoah-Siaw, in a video explaining how the service works, said: “GN Mobile Money is available on all networks which …

Government is taking measures to boost trade by removing all Customs barriers located across the country by September 1, 2017, Vice President Dr Mahamudu Bawumia has revealed.“From September 1, we are also removing all domestic internal customs barriers so that goods can move freely,” Dr Bawumia said when members of …

Government has signed an MoU with the Republic of Iran for the construction of a 30,000 metric tonnes capacity chocolate factory in Ghana.The project will be executed and managed by Shirin Arsal Food Industrial Group, a major food processing factory in Iran.The Minister for Food  and Agriculture, Dr Owusu Afriyie …