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BUSINESS

Trade minister explains reasons behind suspension of permits for cement construction

Minister of Trade and Industry, K.T Hammond, has explained the rationale behind the government’s decision to suspend permits for the construction of new factories for manufacturing and bagging of Portland cement in the country will boost confidence within the local manufacturing sector. According to him, the temporary ban was to …

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UBA Preaches Connectivity with ‘Tastes of Africa Food Festival,’Celebrates Diversity, Culture at UNGA

  Africa’s Global Bank, United Bank for Africa (UBA) Plc, is set to put the continent’s diversity and rich culinary traditions on the centre-stage with the highly anticipated ‘Tastes of Africa Food Festival. The UBA Tastes of Africa Food Festival is a vibrant celebration of the continent’s cuisine, culture, and …

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Accra High Court grants NAM1 fresh GH¢500 million bail

An Accra High Court has granted a fresh bail to Nana Appiah Mensah (NAM1), the Chief Executive Officer of defunct gold dealership, Menzgold. It follows the start of fresh proceedings on the case brought against him by the Attorney General in August 2023. According to a 3news.com report, following reports of attempts to …

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The Tony Elumelu Foundation (TEF) disburses over 100 million dollars to young African Entrepreneurs to create 400,000 jobs across Africa

Somachi Chris – Asoluka    “As of today, we have disbursed over 100 million dollars to over 15,000 young African entrepreneurs and created over 400,000 direct jobs. This, we intended to achieve within 10 years, but I am happy to share that since the launch of the foundation in 2015, …

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UBA Records Significant Growth in Revenue, Profit and Key Metrics, with a PBT of $829.7m

Mr. Oliver Alawuba   Africa’s Global Bank, United Bank for Africa (UBA) Plc, delivered an outstanding performance for the half year ended June 30, 2023, as announced in its audited financial report.   The results released to the Nigerian Exchange Limited (NGX) on Tuesday showed that the Group recorded double …

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GHANA-DIASPORA PROPERTY FESTIVAL TO BE HOSTED IN GHANA THIS DECEMBER

    The “Year of Return, Ghana 2019” was a kick-start campaign in Ghana that encouraged many from the black diaspora to trace their roots and find new opportunities in Ghana. Since then, Ghana has seen an influx of black diaspora and foreigners, especially during the Christmas festivities.      …

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Full list of new UK visa fees to be implemented in October

The United Kingdom government has announced an increment in immigration and nationality fees which will be paid for vital services effective October 4, 2023. According to the UK government, the new charges will see the cost for visit visas for less than six months increase from £15 to £115 while …

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ECG owes us $658 million – Bui Power Authority

The debt owed Bui Power Authority (BPA) by the Electricity Company of Ghana (ECG) has shot up astronomically from $612million to $658 million, Chief Executive Officer of the power generation company, Samuel Kofi Ahiave Dzamesi has stated. He pointed out that the debt keeps increasing because BPA continues to generate …

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Ghana set to establish lithium refinery in Western Region

All is set to establish a lithium refinery in the country in the Western Region. To this end, Lithium Resources Ghana Limited, a joint venture company of UK-based CAA Mining Ltd and Em­pire Rare Earth and Metals Group Ltd, a local company are currently exploring suitable and strategic location for …

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I earned less than GH¢2.5K working at a big bank in Ghana for 9 years – Ghanaian student in UK recounts

It is no news that Ghana’s inflation rates keep getting higher and higher causing the cost of living to be very unbearable for the layman. Due to the severity of not being able to cater for basic needs, some people, especially the youth have decided that relocating for greener pastures …

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