BUSINESS

African billionaire businessman Aliko Dangote has seen his net worth fall by more than $500 million in the past 27 days, as shares of his flagship company, Dangote Cement Plc, dropped by a single-digit percent on the Nigerian Exchange. Dangote, the continent’s wealthiest man who has retained his position for …

The government has assured that salaries of public sector workers will be paid without delay despite global and local economic challenges. Speaker of Parliament, Alban Bagbin, during Thursday, February 24 Parliamentary sitting hinted that government may not be able to pay salaries, if something drastic is not done in the next 3 months. …

The cost of transport services across the country have gone up 15% effective today, February 26, 2022. This comes after the transport operators in Ghana on Monday February 21, 2022, agreed to the rise in fares. According to the Road Transport Operators Union, the increment falls in line with administrative …

Member of Parliament for Yapei-Kusawgu, John Jinapor, has asked Ghanaians not to expect reduction in fuel prices any time soon due to the ongoing geopolitical tension between Russia and Ukraine. He has asked the Government of Ghana to use the profits made from crude oil sales to cushion Ghanaians during …

Staff of the Ghana Textiles Limited (GTP) have embarked on a demonstration to draw the attention of the government to remove Madam Fatoumata Doro, the Managing Director. The staff, clad in red bands, closed the main entrance of the company and prevented vehicles from entering the premises. Holding placards, the …

Baroness Catherine Hoey, UK Prime Minister’s Trade Envoy to Ghana, says the lack of international certification in gold trade is making it difficult for countries to directly buy gold from Ghana. She said the UK had interest in buying gold directly from Ghana but the country could not do so …

Minority in Parliament have said it is highly unlikely for the Komenda Sugar Factory to be operationalized in April this year. This comes after President Nana Addo Dankwa Akufo-Addo disclosed that the factory was going to start operations in April this year. While addressing delegates from the Komenda Traditional Area, the President …

Oil prices rose on Friday amid investor concerns over tightening supplies as Russian’s invasion of Ukraine entered its second day. The price of Brent crude oil rose by more than 2% to $101 (£75) a barrel as fighting appeared to intensify near the Ukrainian capital, Kyiv. But stock markets in …

The Economic and Organised Crime Office (EOCO) is cautioning the general public to desist from investing and patronising services of Royal Gardens Network and Hubtel Mobile Money Lending. According to the state’s organised crime-combatting agency, its checks have established that the two firms are registered neither with the Bank of …

A pressure group calling itself, Fix Komenda Sugar Factory in the Central Region has welcomed the decision by President Nana Addo Dankwa Akufo-Addo to operationalize the dormant sugar-producing factory after six years. The pressure group over the years has been pushing for the operationalization of the multi-million-dollar sugar factory built …