BUSINESS

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 …

Minister of Finance, Ken Ofori-Atta, has admitted to the dire economic challenges Ghana is faced with. According to him, the nation currently is unable to undertake or continue developmental projects, implement salary increments due to a lack of funds. Making his submission at a Government Town Hall meeting in Wa …

The Ghana Union of Traders Association (GUTA) says it has positioned itself to support Ghanaian manufacturing companies to export their products to countries they import from. This is to support the Government’s One District-One Factory (1D1F) initiative, promote Ghanaian products, help in shoring up the country’s foreign exchange and address …

Prices of fruits and vegetables have generally gone up in the Kumasi metropolis, a visit to some market centres in the metropolis by the Ghana News Agency, has revealed. While some of the traders are blaming the situation on the changes in the weather pattern, others are attributing it to …

Despite the impact of the COVID-19 epidemic on financial assets, company operations, and financial performance, the Ghana Stock Exchange is ready for a fresh start after providing outstanding profits to investors and other market players in 2020 and 2021. The GSE Composite Index (GSE-CI), a weighted index comprised of all listed ordinary …

Vice President Dr. Mahamudu Bawumia has attributed the consistent increase in fuel prices to the transition in energy usage to renewables by the global community. He has therefore directed the Ministry of Energy and other allied ministries to formulate strategies that will address prices in fuel and also the use of …

Several buses that are part of the fleet for the Bus Rapid Transit (BRT) system imported into the country in partnership with the government of Ghana and the World Bank, are rotting away at the Achimota bus terminal, Accra100.5FM’s Stephen Adjei has reported. About half of the 245 state-of-the-art buses …

Mrs. Nana Akyaa Obeng-Adiyiah has been appointed as the Deputy Chief Executive Officer (Finance and Administration) of Ghana EXIM Bank. Her appointment takes effect from 23 February 2022. She is a seasoned Banker, Development Finance Expert and Business Development Strategist. She has over 15 years’ multi-sectoral corporate experience, of which …