BUSINESS

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 …

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 …

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 …

The US government has announced the completion of a $316 million investment in energy infrastructure in Ghana. According to a press release copied to Ghana Business News, the Kasoa Bulk Supply Point (BSP), inaugurated Wednesday June 1, 2022, completed over six years is to support more reliable power supply for …

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, …

Dr. Samuel Worlanyo Mensah, an Economist, with the Center for Greater Impact Africa, has called for a strategic policy to strengthen the Bank of Ghana to fight against the use of foreign currencies in the country. He explained that BoG needed to be resilient in stabilising the Ghana Cedi to compete with …

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 …

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 …

The National Democratic Congress (NDC) has commemorated the 43rd June 4 uprising with a tree planting exercise. The event, held for the second time without the party’s founder, Jerry John Rawlings, came off in the Oti Region. It was led by the NDC Chairman, Samuel Ofosu-Ampofo, the NDC’s 2020 Running Mate, Professor …

Ghana loses its position as the top gold producer in Africa after output fell nearly 30 percent in 2021. The volume of Gold declined to 2.818 million ounces in 2021 from 4.022 million ounces in 2020, the lowest level of output since 2008. Mr Joshua Mortoti, the President of the …