BUSINESS

The Keta Port is non existing but the government has kept paying the director for ten months, the MP for North Tongu, Samuel Okudzeto Ablakwa, has revealed. The director, Dr Alexander Adusei who was appointed by Nana Addo has been receiving salaries worth millions of cedis for the fanthom port, …

Relief initiatives taking shape to ease food and debt As the supply-chain disruption caused by Russia’s war in Ukraine continues, international relief packages for Africa are starting to take shape. USAID this week pledged a $30m package to support Zambian food exports to East African countries to help ease the …

Nigeria has announced a jailbreak at the Kuje Maximum Prison in Abuja. This happened on Wednesday, July 6, 2022. According to reports, the Jihadist group Boko Haram is linked to the attack that saw 443 inmates out of 879 escape. Meanwhile, the Nigerian security agencies have given a strong indication …

President of the Ghana Union of Traders Association (GUTA) Dr Joseph Obeng has said the cancellation of road toll collection by the government was needless. Contributing to a discussion on the decision by the Government of Ghana to go to the International Monetary Fund (IMF), on TV3’s Key Points, Saturday July 9, Dr Obeng …

Oil marketers have yet to receive a response from the Federal Government as regards the outstanding payment of bridging claims incurred by dealers for the transportation of petroleum products across the country and might go ahead with their proposed strike after the Sallah break. Members of the Independent Petroleum Marketers …

Pierre Frank Laporte, World Bank Country Director for Ghana, has stated that his outfit has approved a total of $903 million for Ghana to support public finance reforms. According to him, this is a huge sum of money any development institution has approved for a country for a period of …

    To mobilise support of Private sector investors towards building a more resilient economy, the Ghana Investment Promotion Centre hosted President Nana Akufo-Addo, Trade Minister Alan Kyerematen, and CEOs of some of Ghana’s leading indigenous companies in a closed-door session breakfast meeting on Monday, 4th July 2022. The session …

The French ambassador to Ghana, Anne-Sophie Ave, has said although “Ghana has all the ingredients to succeed”, the country’s high level of debt, has necessitated the need to resort to the International Monetary Fund, which she said is the “only international bank that has the means and whose job it …

A Court of Appeal in Accra has reversed the decision of the Bank of Ghana to revoke the operating license of UniCredit Ghana Limited as a saving and loans company in Ghana. According to GHOne TV, the court on July 7, 2022, declared the decision of the Bank of Ghana to revoke the license …

British Airways is to cut 10,300 more short-haul flights due to feature in its schedule between August and the end of October. This latest announcement means nearly 30,000 flights will have been removed from BA’s schedule between April and October this year. The cancellations affect London Heathrow, Gatwick and City …