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BUSINESS

Combined Pineapple Glory: Protecting the legacy and keeping Ghana in business

Early Days For many years, Ghana’s export sector focused on cocoa, gold, timber, bauxite, rubber and oil. However, during the 1980s and 1990s pineapple exports became an important area of activity. This was largely due to the vision of a few people, but it is also a sector that has …

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SEC pays GH¢1.7 billion of investors locked up cash

  The Securities and Exchange Commission (SEC) has paid a total of GH¢1.76 billion (GH¢1,762,767,250.32) to investors who applied for both full and partial bailout programmes as of March 31, 2021. A total of 59,180 investors received the amount. It comprises GH¢994.5 million (GH¢994,502,710.52) paid to 52,264 investors under the …

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Does Zinedine Zidane get the credit his Champions League wins deserve?

Zidane is the only manager in history to win three successive European Cup/Champions League titles “You don’t win three Champions Leagues, two La Liga titles and 13 out of 14 European knockout ties if you are not a good manager, this is crazy.” When French football journalist Julien Laurens frames …

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Fuel margins reduced to 9 pesewas

  The 17 pesewas per litre increase in fuel margins as announced weeks ago by the National Petroleum Authority (NPA) has been reduced. Effective Wednesday, May 5, 2021 prices of petroleum products at various pumps will witness a decrease of 9 pesewas per litre. A communique sighted by GhanaWeb said, this decision …

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Mourinho: Why Roma job will be like no other for former Chelsea, Man United & Tottenham boss

Jose Mourinho has had one previous spell in Italy – where he managed Inter Milan to Champions League success, two Serie A titles and a Coppa Italia triumph Among the different activities of his business empire, the American owner of AS Roma Dan Friedkin is also a Hollywood movie producer …

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Expect 40% increment in transport fares – True Drivers Union

 transport fares True Drivers Union has served notice of a 40 percent increment in transport fares soon. This according to the Union is in response to the impact of the upward review of Petroleum prices by government. Petroleum consumers are expected to pay more for fuel at the pumps, following …

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High cost of production killing manufacturing industry – GUTA

  The Public Relations Officer (PRO) of the Ghana Union of Traders’ Association (GUTA), Joseph Paddy has shared that it is quite expensive to run a manufacturing business in Ghana. According to him, this high cost of doing business makes it unattractive for Ghanaians to operate manufacturing industries and create …

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Ghana overtaking South Africa in gold production good news but could be disastrous

Chief Executive Officer (CEO) of Songhai Group, Mr Hene Aku Kwarpong, has noted that although it is good news that Ghana has overtaken South African as the leading producer of gold making it number one, this development has the propensity of rather creating problems for the West African nation. He …

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Stock market capitalisation jumps by GH¢3.64 billion in April 2021

The value of the Ghana Stock Exchange grew by GH¢3.64 billion in April to GH¢60.8 billion, as the market’s bull run since the last quarter of 2020 continues. At the end of trading in April, the GSE Composite Index achieved a year-to-date return of 31.93 percent compared with 13.99 percent …

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Ghana’s economy ranked 8th biggest in Africa

Ghana’s economy has ranked 73rd in the world in terms of Gross Domestic Product (GDP) for the year 2019 making it the 8th largest economy in Africa. The 2020 figures are not expected for another year. According to the World Bank, Ghana’s economy stood at about US$67 billion in size …

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