BUSINESS

Ghana Export Promotion Authority (GEPA) has announced that Ghana has become the world’s largest exporter of yam after raking in $48 million last year. According to Asaaseradio.com, Ghana now controls 24% of the $200 million global export market. This has led to the growth of the country’s export value from …

At least seven trader unions at the Kumasi Kejetia market have directed their members to shut down their shops after the Electricity Company of Ghana, ECG, took the trading hub off the national grid due to a GHC5 million debt. Wednesday’s crackdown by the power distributor has affected business at …

The Tema Oil Refinery (TOR) is expected to restart operations in the coming months to help boost the domestic supply of refined oil products in the wake of the ongoing global oil market crisis. The state-owned refinery when fully operational is expected to produce some 45,000 barrels of oil per day. A …

Ghana International Bank PLC (GIB) has been fined 5.8 million pounds by a United Kingdom regulator – Financial Conduct Authority (FCA) for failing to adhere to anti-money laundering and counter-terrorist financial controls. The breach in the anti-money laundering and counter-terrorist control, the FCA said, happened over its correspondent banking activities …

The Electricity Company of Ghana has cut a grid again to the Kumasi Kejetia Market in the Kumasi Metropolis of the Ashanti region over unpaid bills. The power was disconnected from the market by the power distribution company on Wednesday, June 22, 2022. Due to the power cut, the market …

Amid rising interest rates on the money market, Chief Executive Officer of Letshego Ghana, Arnold Parker, has revealed that interest rates on Qwikloans will increase in the coming weeks. Qwikloan, an innovative financial solution by Letshego Ghana and MTN Mobile Money (MoMo), provides short-term, unsecured, quick and convenient loans to …

Finance Minister, Ken Ofori-Atta has presented his statement on government’s use of COVID-19 funds to Parliament. This comes after the Minister was summoned before the House to answer 16 questions tabled to his Ministry from different lawmakers. Prior to his June 22nd appearance, the minister could not avail himself for the intended date …

A British subsidiary of the mining firm Glencore has pleaded guilty in a UK court to corruption offences for the second time in the last two months.It was accused of paying millions of dollars in bribes to secure access to crude oil in several African countries. The Serious Fraud Office …

 The Assistant Auditor General who doubles as  the board chairman of Brakwa Breman Rural Bank, Mr. Alexander Koomson has pleaded with rural and community banks to support small business and enterprises in their areas to expand. Speaking in an interview with the media during the bank’s 36th Annual General Meeting …

There is no need to panic about fuel shortage in the country, Mr Senyo Hosi, the Chief Executive Officer of the Ghana Chamber of Bulk Oil Distributors, has said. He said the country had one month fuel cover and urged the public not to engage in panic buying. “Yes, we …