BUSINESS

The Asantehene Otumfuo Osei TuTu II has given a seal of approval for Newmont Ghana’s ground-breaking $850M Ahafo project. Otumfuo’s blessings for the project which he announced on Monday, April 11, 2022 follows series of engagement and briefing by the Ministry of Lands, Newmont Ahafo and the affected community chiefs. …

Board Member of Accra Hearts of Oak, Dr. Nyaho Tamakloe has been on the cASE referee Kennedy Pady after the Super Clash between Asante Kotoko and Accra Hearts of Oak at the Baba Yara Sports Stadium. Asante Kotoko got their first win over their rivals Accra Hearts of Oak for the first time since 2012 after Franck Etouga …

The Ashanti Flour Users Association is complaining about the high cost of production which, the group says will force them to increase the price of bread again soon. The group’s president, Comfort Akotua, who has been in the bakery business for 35 years, said she stopped production some two months …

Actress and skin therapist, Victoria Lebene has broken her silence on the allegation levelled against her husband, Eugene Osafo Nkansah aka Nkonkonsa by Abena Korkor. Abena in June 2021 named Nkonkonsa as one of the men she had an affair with, this the latter strongly denied after being called out …

Government is to reintroduce tollbooths but will automate them to increase revenue collection, member of Parliament for Assin Central Kennedy Ohene Agyapong has hinted. “The Finance Minister rushed a bit which resulted in misunderstanding. We have over 39 tollbooths in this country but with all the tolls they collect, what …

Investors are shunning government’s short-term debt instruments – the 91-day, 182-day and 364-day Treasury bills – as liquidity on the primary market is strained on the back of unfavourable interest rates on these classes of debt securities. Per the Treasury auction results for April 1, 2022, published by the Bank of …

Vice President Mahamudu Bawumia has attributed the drastic depreciation of the local currency to challenges in approving the 2022 budget and the Russia-Ukraine war. According to him, the situation brought about low investor confidence in Ghana’s economy among others. “The financial markets’ assessments of the 2022 budget, unfortunately, concluded that …

The Bank of Ghana has cautioned organisations and individuals against transacting business in foreign currency in Ghana. A statement from the Central Bank stated that institutions and individuals are prohibited from pricing, advertising, receipting or making payments for goods and services in foreign currency in Ghana, without written authorization from …

The Economic and Organised Crime Office (EOCO) has arrested four persons who have been engaged in SIM swap fraud. The action was undertaken by the EOCO in collaboration with the Ghana Association of Banks. According to hdfc.com, SIM swap fraud means changing mobile SIM cards. If this is done without …

Some Menzgold customers have threatened to withdraw their support for the prosecution of the Chief Executive Officer of Menzgold, Nana Appiah Mensah. Responding to the latest adjournment of the case in a letter to the Attorney General, the customers said they may be compelled to write to the court to …