BUSINESS

Ghana’s first President, Kwame Nkrumah, had a vision to industrialise Ghana’s economy, and identified the Integrated Aluminium Industry (IAI) as a good starting point. With an operating bauxite mine in Awaso and the establishment of the VALCO smelter by Kaiser Aluminium of the United States of America, the IAI dream was …

On July 19, 1965, Ghana first adopted the cedi notes and pesewa coins to replace the Ghana pounds; shillings and pence. Under British colonial rule, the official currency was the Ghana pounds, shillings and pence. Prior to this, the West African Currency Board was first adopted and used mainly for …

President Akufo Addo says his government has not thrown it’s hands in despair in the current economic challenges facing the country. According to him, he is determined to revive and return the economy to the path of economic growth recorded before the Covid-19 pandemic. “The Akufo-Addo government has not throw …

A key figure in the campaign team of Alan Kyerematen’s 2024 NPP Flagbearer bid, Hopeson Adorye has launched scathing ridicule of Northerners in the governing NPP. Addressing a crowd which participated in a walk christened “walk for Alan” in Kumasi on Sunday, Hopeson Adorye stunned his audience when he claimed …

Only four of the 21 African businessmen on our radar with a net worth of $1 billion or more have seen their fortunes improve since the beginning of the year. Among them are Africa’s richest man Aliko Dangote and Egypt’s wealthiest man Nassef Sawiris. The recent surge in the shares …

The first packet of brown (raw) sugar has been produced following the re-commencement of operations at the Komenda Sugar Factory in the Central Region. According to a video post shared by the Presidency, the brown sugar product comes just two days after the factory commenced operations to produce refined sugar …

Johnson & Johnson (JNJ.N) will stop selling talc-based baby powder globally in 2023, the drugmaker said on Thursday, more than two years after it ended U.S. sales of a product that drew thousands of consumer safety lawsuits. “As part of a worldwide portfolio assessment, we have made the commercial decision to transition …

Food and Agriculture minister, Dr. Afriyie Akoto has stated he has no idea when kenkey prices will drop. A ball of kenkey which was sold at GH¢1 last year is currently being sold at GH¢3. Food was among the major factors that caused a 31.7% inflation for the month of …

The cost of travelling from the capital Accra to Kumasi in the Ashanti Region by air has crossed the GH¢600 mark, the highest one-way fare recorded on the route, Aviation Ghana reports. For several weeks now, an Accra-Kumasi one-way ticket on Africa World Airlines (AWA) and PassionAir has crossed the …

The Mennonite Economic Development Associates (MEDA) which is implementing the Farmers’ Economic Advancement Through Seedlings (FEATS) Project has developed a Code of Practice for Cashew Planting Material Production in collaboration with the Ghana Standards Authority (GSA). The Code of Practice (CoP) and its pictorial version was officially shared with key …