Home / BUSINESS (page 112)

BUSINESS

Emirates loses US$1bn

The Emirates Group today released its 2021-22 Annual Reportwhich shows strong recovery across its businesses. dnata returns to profitability, and significant revenue improvements were reported across both Emirates and dnata as the Group rebuilt its air transport and travel-related operations which were previously cut-back or curtailed by the COVID-19 pandemic. …

Read More »

COCOBOD to close crop season May 26

The Ghana Cocoa Board (COCOBOD) will close its main crop season tomorrow, Thursday, 26 May 2022. “It is hereby notified for general information that purchases of the 2021/2022 Main Crop Cocoa Season will close on Thursday 26th May 2022,” COCOBOD said in a statement issued on Wednesday, 25 May 2022. …

Read More »

‘We will continue to fight until government listens’ – TUC on pay increment

Mr Joshua Ansah, the Deputy Secretary-General of Trades Union Congress (TUC-Ghana) has indicated that the TUC will not accept any pay increment less than the prevailing inflation figure. He said when they took office, they chose the course of negotiating and diplomacy, but later realized they had chosen the wrong …

Read More »

Ghana is 1st among top 11 African countries with highest interest rates – Report

Ghana currently has the interest rates among top 11 African countries according to DataBank’s Weekly Fixed Income Update. The 91-day and 182-day treasury bills with interest rates of 18.23% and 19.26% rates respectively are the highest on the continent. Despite the high-interest rates, the Treasury bill rates in the country …

Read More »

Bank of Ghana increases policy rate from 17% to 19%

The Bank of Ghana Monetary Policy Committee has reviewed the policy rate by 200 basis points from 17 percent to 19 percent. Governor of the central bank, Dr. Ernest Addison speaking at a press conference on Monday May 23 explained the move is meant to stem inflation which has been surging in recent …

Read More »

First phase of Sunyani Airport completed – Osagyefo Agyeman Badu II

Government is said to have completed the first phase of the Sunyani Airport. This is according to the President of the Bono Regional House of Chiefs, Osagyefo Oseadeayo Agyeman Badu II who expressed gratitude to the government for the swift completion of the phased project. Speaking during a courtesy call …

Read More »

Newmont publishes 2021 climate report

Newmont Corporation has published its 2021 Climate Report, the Company’s annual report prepared in alignment with the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD). The report outlines how Newmont understands and is addressing climate change — from reducing our greenhouse gas emissions to managing risks, to enhancing …

Read More »

Drivers to march naked over rising cost of fuel

The Concerned Drivers Association of Ghana is threatening to march naked on the streets of the national capital to express its anger at the government over the ever-increasing prices of fuel. The drivers intend to block major roads during that demonstration. The group’s National Public Relations Officer, Mr David Agboado, …

Read More »

Ghana’s Ashanti Airlines nears AOC completion to operate – Report

AviationGhana sources have confirmed that Ashanti Airlines is nearing the completion of its Air Operators Certificate (AOC) to enable it operate as an airline in Ghana. Two licenses, Air Carrier Licence (ACL) and Air Operator Certificate (AOC), are required by the aviation sector regulator, the Ghana Civil Aviation Authority (GCAA), …

Read More »

Inflation in Ghana is a complicated issue – BoG

The Governor of the Bank of Ghana (BoG), Dr. Ernest Addison, has said inflation rate in the country is a complicated economic issue. According to the Governor, his outfit since last year has been trying to manage inflation but was shocked with some of the outcome this year. “It is a very complicated …

Read More »