BUSINESS

UKGCC To Hold 1st Royal Ascot Ladies Day in Ghana

The UK-Ghana Chamber of Commerce (UKGCC), a member-based trade association that promotes bilateral trade between the UK and Ghana, will on Saturday, 18th June 2022, host the first Royal Ascot Ladies Day Event in Ghana to celebrate the iconic annual UK cultural event. Ascot, one of Britain’s most well-known racecourses, …

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Government misses bond raising target again by 28%

For a third consecutive month, in May 2022, dampening liquidity conditions on the money market continued to weigh on government’s auction target as GH¢6.43billion target size was missed. A total amount of GH¢4.60 billion was raised from the market during the month under review, indicating a shortfall of 28 percent …

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NAGRAT threatens strike over non-payment of 20% COLA

The National Association of Graduate Teachers (NAGRAT) is demanding that government pays 20 percent Cost Of Living Allowance (COLA) to its members by the end of June 2022. Vice President of the Association, Jacob Anaba, explains that the ultimatum comes on the back of current economic conditions and the worsening …

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Stroke in young adults – Doctor shares causes and symptoms

Medical Doctor at Komfo Anokye Teaching Hospital (KATH), Joseph Asare, has revealed that stroke is the most common disease in the hospital’s emergency ward in recent times. In an interview on Daily Hustle on SVTV Africa, Dr Asare mentioned that it is prevalent among young adults too. He also enlightened …

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Fertiliser sales hit lowest patronage as prices shoot up

Patronage of fertiliser for this year’s planting season is hitting a snag – an all-time low – as farmers are currently having difficulties procuring the commodity for crop production due to rising costs. Although there is an appreciable amount of fertiliser in the system, according to the Peasant Farmers Association …

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Akufo-Addo commissions Gold Katcha for small scale mining

President Nana Addo Dankwa Akufo-Addo on Monday, 6th June 2022, commissioned one 100 mercury-free gold processing equipment, commonly referred to as Gold Katcha, at a ceremony held at the Independence Square, in Accra. Gold Katcha is an equipment that extracts gold from the ore without the use of mercury, which …

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Government secures GH¢1.395 billion from T-bills auction sale

The Government of Ghana has sold little above the target for its Treasury Bills auctioning, a Joy Business report has said. According to the portal, the development comes after government secured GH¢1.395 billion from the auction sale of the 91-day and 182-day T-bills which represents nearly 14 percent oversubscription. Despite …

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How gunmen attacked Ondo church – Police

The police in Ondo State have given insight into how terrorists attacked the St Francis Catholic Church, Owo, Ondo State, on Sunday. It is believed that over 70 persons were killed and injured in the attack. But a statement by the Ondo State Police Command, on Sunday, signed by the …

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Student dies while writing examination in Kumasi

A Level 200 Student of the Akenten Appiah Minka University of Skills Training and Entrepreneurial Development, AAMUSTED in Kumasi collapsed and died while writing his final end of Semester Examination. The student according to sources close to the University Management, the student complained dizziness soon after the question papers were …

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Asante Gold starts Bibiani mine processing plant

Asante Gold has begun operations of the processing plant and associated equipment at its Bibiani gold mine in Ghana. The pure gold exploration and development company plans to carry out a 14-day evaluation period during which it will control, calibrate operating systems and align critical equipment “under full load”. Bibiani, …

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World Bank Downgrades Ghana…Over GALOP Implementation

The World Bank has downgraded Ghana in the implementation of the Ghana Accountability for Learning Outcomes Project (GALOP). This follows a report released after a technical discussion mission of a World Bank team at their second visit to inspect the implementation of the various educational interventions. Significantly, GALOP is funded …

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Ablakwa questions Akufo-Addo’s anti-corruption credentials

Samuel Okudzeto Ablakwa, North Tongu Member of Parliament, has stated that there is a lack of commitment in fighting corruption on the part of President Nana Addo Dankwa Akufo-Addo. The lawmaker cited the instance of conflict of interest situations involving companies linked to Minister of Finance Ken Ofori-Atta and Minister …

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Pupils abandon school to harvest tomato

Pupils of Nsuta Dahomey D/A Basic School in Fanteakwa South District in Eastern region have abandoned school to harvest tomatoes and assist their parents in selling at the market. Absenteeism is high during tomato harvesting season in June and July every year. The situation is affecting academic performance of the …

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Cedi to stabilise as policy rate hikes take effect

EU sanctions on Russian banks are exacerbating Africa’s growing food crisis by making it difficult to pay for wheat exports, according to African Union chair and Senegal President Macky Sall. He told EU leaders that the worst is still ahead if global food supply issues persist. The food crisis has …

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Gov’t earmarks $1.2m World Bank cash for dilapidated structures

Minister for Education, Dr. Yaw Osei Adutwum, has assured Council of Heads of Basic Schools their concerns over poor infrastructure are being addressed. The council in a communique outlined a number of challenges confronting basic education including poor infrastructure. Addressing the media after the World Bank cleared him of any …

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Top 5 wealthy entrepreneurs in Ghana

With every passing year, new millionaires and billionaires emerge in Africa, and Ghana is no exception. With a touted business-friendly environment and poised investment destination in Ghana, there still remains a group of individuals who have earned their net worth through various means such as investment on the stock exchange, …

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Bawumia inaugurates $50m bulk power supply point at Kasoa

The Vice-President, Dr Mahamudu Bawumia, has inaugurated a $50 million bulk power supply point at Kasoa in the Central Region on Wednesday, 1 June 2022. The 435 MVA project, funded by the Millennium Development Authority (MiDA) under the Ghana Power Compact Agreement with the Government of the USA, is the …

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Gold Fields to acquire Yamana Gold for US$6bn

Multi-listed Gold Fields is set to acquire Canadian-based Yamana Gold in a deal worth more than $6 billion. Yamana is a leading precious metals producer with significant gold and silver production, development and exploration stage properties and land positions throughout the Americas, including Canada, Brazil, Chile and Argentina. The all-share …

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Only two sachet water producers certified in Tamale – GSA

Only two out of the many sachet water producers in the Tamale Metropolis are registered and certified with the Ghana Standard Authority (GSA) – a situation authorities say pose health risks to consumers. According to the GSA, most producers use filters and other machines that are not approved, hence, the …

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Tolon SHS Classrooms converted into dormitories

Authorities of the Tolon Senior High School in the Northern region have been forced to convert some classrooms into dormitories to accommodate students due to the recent fire outbreak incident. The girls’ dormitory was gutted by fire on Thursday, May 19, 2022. The fire outbreak burnt the top floor of …

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