BUSINESS

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 …

EU sanctions on Russian banks are exacerbating Africa’s growing food crisis by making it difficult to pay for wheat exports, according to African Union chair and Senegal President Macky Sall. He told EU leaders that the worst is still ahead if global food supply issues persist. The food crisis has …

With every passing year, new millionaires and billionaires emerge in Africa, and Ghana is no exception. With a touted business-friendly environment and poised investment destination in Ghana, there still remains a group of individuals who have earned their net worth through various means such as investment on the stock exchange, …

Newmont Corporation is announcing that it has closed a transaction with Skeena Resources Limited to acquire certain properties located in Tahltan Territory in northwestern British Columbia. Newmont will work in collaboration with the Tahltan Nation, the Iskut community and the British Columbia government to make available portions of the acquired …

The Vice-President, Dr Mahamudu Bawumia, has inaugurated a $50 million bulk power supply point at Kasoa in the Central Region on Wednesday, 1 June 2022. The 435 MVA project, funded by the Millennium Development Authority (MiDA) under the Ghana Power Compact Agreement with the Government of the USA, is the …

Multi-listed Gold Fields is set to acquire Canadian-based Yamana Gold in a deal worth more than $6 billion. Yamana is a leading precious metals producer with significant gold and silver production, development and exploration stage properties and land positions throughout the Americas, including Canada, Brazil, Chile and Argentina. The all-share …

Only two out of the many sachet water producers in the Tamale Metropolis are registered and certified with the Ghana Standard Authority (GSA) – a situation authorities say pose health risks to consumers. According to the GSA, most producers use filters and other machines that are not approved, hence, the …

A report by IMANI Africa has ranked the Finance Ministry as Ghana’s most financially reckless ministry. According to the report dubbed the ‘2022 Fiscal Recklessness Index,’ the Ministry has recorded over 11 billion cedis in losses to the state due to acts of omission and commission by its officials. The …

Deputy Ranking Member of Parliament’s Finance Committee, Isaac Adongo, has bemoaned a decision considered by Cabinet to implement a price control mechanism to help stem soaring inflation. This comes after a leading member of the governing New Patriotic Party, Gabby Asare Otchere-Darko disclosed that President Akufo-Addo and his cabinet opted not to introduce …

The Chamber of Petroleum Consumers (COPEC) is forecasting an upward adjustment in the price of petrol and Liquefied Petroleum Gas (LPG) in the first pricing window of June 2022. According to COPEC, The ex-pump estimations based on the Petroleum Price Indicators and elimination of taxes amounting to 15 pesewas per liter …