BUSINESS

Member of Parliament for Assin Central, Kennedy Agyapong has condemned what he says is the excessive use of soldiers by some bigwigs of the ruling New Patriotic Party(NPP) to appropriate innocent peoples properties. According to him, some party big shots have turned some officers of the revered Ghana Army into …

Inflation returned to single digit as it remarkably fell to 8.5% in April 2021, from the 10.5% recorded in March 2021, figures from the Ghana Statistical Service have revealed. It is the first single digit rate recorded in the year, following the ravaging effects of covid-19 on the economy. This …

  The Ashaiman Main Market Butchers Association has decried the importation of meat products into Ghana, arguing that the situation is crippling their business activities. They fear losing their business for the reason that about 80% of their customers preferred cheap imported meat to fresh ones on the local market. …

  Trade and Industry Minister, Alan Kyerematen, has commended Ibrahim Mahama, Founder of Dzata Cement Limited, for investing heavily in the cement industry. The over US$100 million investment is located on a 10-acre land near the Tema Port. Mr Kyerematen made the commendation when he paid a working visit to the plant …

    The Chamber of Cement Manufacturers Ghana has indicated that the high cost of cement is a result of the high cost of production, unfair trade practices, low utilisation of cement products, and unfair competition. The Chamber believes the pressure caused by the COVID-19 pandemic is also a major factor. Ghana …

Manchester City have won a fifth Premier League title in nine years Manchester City have won a third Premier League title in four years after closest challengers Manchester United were beaten by Leicester City. Pep Guardiola’s side are now 10 points ahead of second-placed United, who have just three games …

  The National Development Bank (NDB) will begin its operations by end of July this year, the Finance Minister, Ken Ofori-Atta has said. The Bank, according to him, would provide long term wholesale financing to the private sector through Commercial banks. The Minister said this at a press briefing on Sunday to …

Transportation Company Limited (BOST) has cleared all of its GH¢237 million debt owed to some domestic banks in the country. The money, which was owed GCB Bank, Fidelity Bank, UMB Bank and UBA Bank, was paid through government’s intervention, internally generated funds and the upward adjustment of the BOST margin. …

The International Monetary Fund (IMF) has backed African governments to use tax increments as a means of raising more revenue in order to reduce borrowing as they continue to fight the deadly pandemic. This comes on the back of the Regional Economic Outlook report – April 2021 (published by IMF), …

  Rural and Community Banks (RCBs) were established with untraded shares issued and purchased mostly by the people and businesses in the catchment areas within which they operate. People residing in the communities were encouraged to own shares in these rural banks. The shares issued by these rural banks were …