BUSINESS

Here are the business fails of 2020

Just like starting a business is hard, maintaining, and ensuring due diligence can be quite tough when certain regularities are not strategically put in place. Thus the organized efforts and activities of individuals are essential to ensure the survival of an entity. Below are some major business fails in Ghana …

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NDC finally files petition, Mahama to address nation at 8pm

The National Democratic Congress (NDC) has filed its long-awaited petition to challenge results of the December 7 elections. The petition was filed at 12 midday, the party said in a statement on Wednesday, December 30. It was filed on behalf of former president John Dramani Mahama by his lawyers. The statement issued …

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Sammy Gyamfi, others arrive at Supreme Court to file NDC petition

National Communications officer of the National Democratic Congress Sammy Gyamfi and other members of the party’s legal team have arrived at the premises of the Supreme Court to file the party’s petition against the results of the 2020 polls. It is believed that respected lawyers including Tsatsu Tsikata and Tony Lithur will be …

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NDC begins it’s 2020 election petition today

The National Democratic Congress (NDC) will start its legal challenge of the results of the December 7, election today, 30th December,2020. The date is the last day of the mandated 21-days given under electoral laws for any aggrieved party in the election to file a legal challenge of the process. …

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Akufo-Addo meets cabinet today over school reopening – Oppong Nkrumah

President Nana Akufo-Addo will tomorrow, Wednesday 30th December 2020 meet cabinet to decide on the possible reopening of schools in January 2021, Information Minister, Kojo Oppong Nkrumah has disclosed. According to him, government has been in discussions with various stakeholders within the sector to come up with a comprehensive and …

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Diego Costa terminates Atletico Madrid contract

Striker Diego Costa has officially left Atletico Madrid as a free agent following the termination of his contract. The statement was released on Tuesday morning which confirmed that the striker had requested his release and the club has agreed. Aged 32, Costa has fallen from prominence at Atleti in recent times following the summer …

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Govt pays ¢1 billion out of debt owed SSNIT

The Director-General of the Social Security and National Insurance Trust (SSNIT), Dr. John Ofori-Tenkorang, has disclosed that the government has so far paid GH¢1 billion out of its debt owed to the trust. Although the Director-General did not mention the total amount owed, he said the part payment was made …

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Suvinil Ghana Holds Loyalty Program

A leading Brazilian paint brand, Suvinil, has organized its loyalty program. Suvinil through the program rewarded its loyal customers. Recently, Suvinil held its loyalty program in Accra, rewarding about 60 of its die-hard customers. During the rewards ceremony held at its showroom at Industrial area in Accra, Suvinil presented over three …

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Top 10 factors that cause business failures in Ghana

When businesses fail, people lose their jobs, taxes decrease, the economy goes down, crime rate goes high and the citizens of the country suffer. But what factors that cause business failures in Ghana? As a leading business management software provider to Ghanaian businesses, we at Multisoft Solutions Limited want to …

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5 reasons why AI could be the future of finance

The role of the Chief Financial Officer (CFO) has expanded beyond the traditional gatekeeper to financial resources, chief accounting officer and head recordkeeper. Today, CFOs in the digital enterprise are enablers of growth and strategic advisors to the CEO. Accenture research shows that 80% of CFOs see identifying and targeting …

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NIC makes move to insure imported goods

The National Insurance Commission (NIC) has disclosed that all goods imported into the country will be insured following the signing of the Cargo Insurance Company. The agreement was signed by the National Insurance Commission, Ghana Shippers Authority and the Ghana Revenue Authority. According to the NIC, the contract was necessary …

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NDC challenges 2020 polls results at Supreme Court on Dec. 30

The National Democratic Congress(NDC) says it will go to court on Wednesday, December 30, 2020, to start the process to challenge the Presidential and Parliamentary election results. This was disclosed by the Member of Parliament(MP) for South Dayi constituency and a member of the Legal team of the NDC Rockson-Nelson …

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Reduction in UK aid: Implication for ‘Ghana Beyond Aid’ agenda

Ghana has benefited from international aid to promote economic and social development to improve the standard of living and alleviate poverty in the country. Aid funds from international donors have been used to pursue infrastructural and social projects geared toward improving the livelihoods of citizens. In 2018, the country declared …

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Ignore fake video, Akufo-Addo is the president elect – EC reiterates

The Electoral Commission has reiterated that Nana Addo Dankwa Akufo-Addo is the president-elect in the just-ended polls. This was contained in a statement following the spread of a doctored video on social media in which Jean Mensa declared John Dramani Mahama as the President-elect. The commission has called on Ghanaians to ignore the video as it …

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Family of Krontihene who died in a hotel with lover visit police

The family head, widow and children of 70-year-old Eric Osei Ansere, Krontihene of Akim Chia near Ofoase in the Eastern Region have visited the police. They were taken to St Joseph’s Hospital morgue where the second son identified the deceased body as that of his late father. Sources reveal to MyNewsGh.com that …

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Goldstreet Business Editorial: Chocolaty musings

What’s Christmas without feasting on chocolates and smearing the festivity with generous helpings of chocolate liquor, cocoa solids and cocoa butter! Chocolates, particularly “bitter chocolates” are in vogue across the globe but the prefix therein should cease to be the adjective that defines a cocoa farmer’s life with respect to …

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Election 2020: Dumelo returns to farming after conceding defeat

Actor John Dumelo has revealed that he is going back to farming after conceding defeat in the just-ended parliamentary election to the Member of Parliament to Ayawaso West Wuogon(AWW) Lydia Seyram Alhassan. John Dumelo after Lydia Alhassan had been declared the winner of the Ayawaso West Wuogon contest wrote to the …

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Rooney’s son, Kai Rooeny, signs for Man Utd

The pride of every father is to see his son long to become like him, especially when the path the father took was a good one. The same could be said of Wayne Rooney and his son as his son, Kai seeks to step in his father’s shoes by signing …

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Ghana’s economy on a steady rebound – BoG Governor

Dr Ernest Addison, the Governor of the Bank of Ghana (BoG), has given an indication that Ghana’s economy is on a steady rebound with indicators pointing towards pre-pandemic levels. According to the BoG, their survey on consumer confidence suggests that the economic activity in the country has started picking up in some dormant …

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Cocoa Processing Company Limited to increase its production

Kwaku Owusu Baah, Board Chairman of the Cocoa Processing Company Limited, says the Company is now better placed to retool and rehabilitate its obsolete plant and machinery to fully increase its production and consumption base. This he said would enable them to have full access to its processing lines and …

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