BUSINESS

The seven richest people on the Ghana Stock Exchange

While a significant majority of Ghana’s wealthiest individuals continue to shun its local bourse ­– preferring to build their fortunes through privately-owned companies – a tiny handful of high net-worth individuals keep a portion of their investment portfolios in listed equities on Ghana’s largely illiquid stock market. Based on figures …

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BoG wins arbitration against Sibton switch limited

A Tribunal constituted under the auspices of the London International Court of Arbitration (LCIA) has issued an award in favour of the Bank of Ghana dismissing all claims brought by Sibton Switch Systems Limited (“Sibton Switch”) in relation to the termination by the Bank of the Master Agreement for the …

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IMF transfers US$1 billion into Bank of Ghana’s account

The International Monetary Fund (IMF) has transferred a little over US$1 billion into the Bank of Ghana‘s account as part of a Special Drawing Right (SDR) allocation to support economic recovery. This came to light when the Fund issued a circular showing Ghana was the 4th country to receive the …

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Government abandons student nurses allawance

Student nurses at the Bolgatanga Nursing Training College (BNTC) in the Upper East Region, say their allowances are in four months’ arrears. The students acknowledged that allowances for January, February, and March were paid, however, they are yet to receive allowances for April, May, June and July. Mr Benjamin Asaana …

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VIDEO&PHOTOS: The abandoned Komenda Sugar Factory

JoyNews has released a documentary produced by Joojo Cobinah focusing on the abandoned Komenda sugar factory which has been rusting away since operations halted. The old factory, built-in 1964, became defunct about 30 years ago due to technical difficulties and mismanagement. “He (President Nana Akufo-Addo) promised that he will fix …

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Scam Alert: EOCO cautions salaried workers

The Economic and Organised Crime Office (EOCO) has cautioned salaried workers on the current scams targeting them. EOCO said it had in recent times received a number of complaints from salaried workers, who had fallen victims to these individuals. A statement issued in Accra, and signed by Madam Faustina Lartey, …

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Why plenty sex is a good weapon to fight prostate cancer

Whether or not sex is good for prostate problems is a question many men wonder about, and it’s an important one that needs answering. The prostate plays an active role during sexual activity. Along with other structures, the prostate is responsible for making fluid in semen, which helps transport your …

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Silenced, not gone: How CSM continues to linger behind COVID-19

Every year, tens of people die from the deadly Cerebrospinal Meningitis (CSM) disease in Northern Ghana especially the Upper West Region. The annual havoc wrecked by the disease in Northern Ghana, often dominated both local and national media space and attracting attention from the government, development partners, civil society, the …

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UTAG to suspend strike; demands withdrawal of court action

The University Teachers Association of Ghana (UTAG) is expected to suspend its strike following an agreement with government to return to the negotiating table. The lecturers, according to a memorandum of understanding between them and government, will suspend their industrial action if the National Labour Commission withdraws all legal action …

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Abandoning E-blocks disgraceful – Mahama to Akufo-Addo

Former President John Dramani Mahama has described the current state of the E-blocks his government was constructing nationwide under a community day school project before he lost power in 2016 as “a disgrace” to Ghana’s reputation. He told eminent traditional chiefs in a meeting held on Tuesday in the Upper …

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Golden Star Resources hints at exports from oil palm plantation

The Chief Executive Officer of mining firm Golden Star Resources (GSR), Andrew Wray, has hinted at plans of certifying produce from its plantation – Golden Star Oil Palm Plantation (GSOPP) to allow for increased export prospects and consequently more income for host communities. Established in 2006 under the Alternative Livelihood …

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NPA sanctions recalcitrant bulk oil distributing companies

The National Petroleum Authority (NPA) has sanctioned some Bulk Oil distributing companies (BDCs). The licenses of these companies have been withdrawn. This is due to their inability to meet the license requirement for them to continue to operate in the industry. The NPA however did not on the names and …

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GHS issues alert on deadly Marburg virus

The Ghana Health Service (GHS) has issued an alert on the deadly Marburg virus disease to its regional directors following the death of a patient of the virus in Guinea. The GHS is asking health facilities in the country to initiate preparedness and response plans for the virus. Marburg virus …

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Six ex-staff of FDA earned GH¢32,000 as salaries – A-G report

Ad The 2020 report of the Auditor-General has revealed that some six former staff of the Food and Drugs Authority (FDA) still continued to earn salaries even after resigning and retiring. Regulation 92 of the Public Financial Management Regulations 2019 (LI 2378) stipulates that the Principal Spending Officer of a …

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