BUSINESS

Ghana’s debt stock hits ¢208.6b – BoG

Ghana’s debt stock as at the end of September 2019 stood at ¢208.6b. This was contained in the November Bank of Ghana’s summary of financial and economic data released after the Monetary Policy Committee met this week to review the “health” of the economy. Breakdown The GH¢208.6 billion total debt …

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Economy loses over US$100m to floods yearly

It is estimated that the economy loses over US$100million annually as a result of flooding. According to Acreaty Ghana Limited, a legal and human resource management firm, the losses are calculated taking into consideration loss of lives, loss of man-hours and damage to property, among others. “Can you envisage the …

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GTA shuts down bad hotels

Some Hotels in Kumasi, the capital of Ashanti Region, have been closed down because they are not operating in accordance with acceptable standards. The temporal closure of the hotels formed part of a three-day intensive exercise by the Ghana Tourism Authority (GTA) to ensure professionalism in the hotel industry. The …

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Slow paced Tamale interchange construction stalls business activities

After nearly three months of work on the Tamale Interchange project, residents within the metropolis say they are being adversely affected by the construction. From heavy vehicular traffic to low sales and patronage, the people of Tamale, the Northern Region capital, blame the lack of proper planning for the inconvenience …

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Unicredit workers complain about payment of salaries

Some workers of Unicredit, one of the financial institutions affected by government’s bank clean-up exercise are finding it difficult to make ends meet months after the revocation of the licence of the company. Unicredit’s licence was revoked and the company, handed over to the Pricewater House Coopers (PWC) as receiver …

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German investor to build cocoa processing plant in Suhum Ghana

A German investor is set to build a cocoa processing plant in Suhum in the Eastern region, according to the German Ambassador to Ghana, Christoph Retzlaff. He said under the Compact with Africa (CwA) there will be more German investments in ‘Do The Right Thing’ (DTRT) textile factory which is …

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UEW finally gets Pro Vice-Chancellor

The University of Education, Winneba(UEW), now has a Pro Vice-Chancellor to assist the current Vice-Chancellor Prof. Anthony Afful-Broni. This follows an election held in the four campuses of the University namely Winneba, Ajumako, Kumasi and Mampong. At the end of the process, Prof. Andy Ofori-Birikorang who is the Dean of …

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GES recruits 14,500 teachers

The Ghana Education Service (GES) has recruited 14,500 new teachers for basic schools across the country. The teachers, from the 46 colleges of education, completed their studies in 2018 and did the one-year mandatory national service. The Director-General of the GES, Prof. Kwasi Opoku-Amankwa, who made this known in an …

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Coconut Sellers To Wear Uniforms

The President of the National Coconut Sellers Association (NCSA), Karene Beecham, has called on government to support efforts to regulate coconut business across the nation. Speaking in an interview with Lord Kweku Sekyi, Ms. Beecham appealed to investors to pay attention to the coconut industry, particularly its retail aspect, which …

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Government withdraws appointment of GHS Director-General

Government has withdrawn the appointment of Dr. Baffour Awuah as the new Director-General of the Ghana Health Service (GHS). Citi News sources at the Presidency confirmed the withdrawal of the two weeks-old appointment. No explanation has so far been given for the government’s decision. Dr. Baffour Awuah, was appointed in …

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US$ 25m to be injected onto FX market

The Bank of Ghana over the coming weeks will issue onto the forex market a total of US$ 25 million, following a successful FX forward auction held on November 12, 2019. A notice from the BoG indicates that bids amounting to US$ 71.5 million were received from businesses through their …

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Three auto firms to unveil locally assembled cars in 2020

The three automobile companies that have signed agreements with the government to establish vehicle assembly plants in the country say they are on track to put their first vehicles on Ghana’s roads by next year. While VW is expected to deliver the first car by the first quarter of next …

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HIV Positive Maid Nabbed For Breastfeeding Boss’ Baby

Police in Zambia, Lusaka have charged and arrested a female adult aged 29 years of ZNS Airports Farms for negligent act likely to spread infection. Police spokesperson Esther Mwaata-Katongo said the suspect is employed as a housemaid by the complainant who is an employee of Zambia National Service. ” It …

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What happens to your body if you eat GINGER everyday

Ginger is one of those seasonings that adds something special to anything it’s in. Whether ginger is the dominant flavor, like in gingerbread, or whether it serves as that intriguing hint of spice in a stir fry or stew, it offers a nice combination of sweet and spicy that pleases …

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Parked Ambulances: Special Dev’t Ministry responds to OccupyGhana

The Ministry of Special Development Initiatives has responded to the questions asked by pressure group, OccupyGhana over the government’s delay in distributing ambulances parked in front of the State House. OccupyGhana which is disappointed by the delay was demanding from the government an outline detailing its action plan on the …

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