BUSINESS

The Ghana Navy and Air Force have started a search operation for the arrest of eight pirates, who have kidnapped five expatriate crew members of a Ghanaian Tuna-Fishing Vessel; Atlantic Princess. The pirates, suspected to be Nigerians, abducted the Captain, a Korean, three Chinese – the Chief Officer, Second Chief …

The Tema Oil Refinery is on the verge of total collapse due to an array of debts owed to some utility service providers in the country. Key among them is the Ghana Water Company Limited GWCL; which has cut water supply to the refinery for close to one month now …

The Volta River Authority (VRA) is advocating for the creation of a sub-regional power sector supply chain hub in Ghana, to serve as a reservoir for critical machinery and equipment needed for power production and distribution. “When the borders were closed, we had to struggle to get some people in …

On the commodities market today May 20, 2021, the price of Crude Oil is sixty-two dollars, seventy-eight cents ($62.78) as compared to yesterday’s trading of sixty-four dollars, thirty-nine cents ($64.39). Gold is trading at one thousand eight hundred and seventy-seven dollars, thirty-six cents ($1,877.36) as compared to yesterday’s trading of …

  •Minister Nitiwul says the NPP National Women’s Organizer is not the owner of embattled Xtra Gold Mining Company •Madam Kate Gyamfua is rather an employee of the company. •His revelation comes in response to allegations of government and ruling party officials being neck-deep in illegal mining activities. Over the …

The Ministry of Finance and the European Investment Bank have signed an agreement for the provision of a one hundred- and seventy-million-euro (€170 million) facility for the establishment of a new national bank, the Development Bank Ghana (DBG). DBG is an integral feature of the GH¢100 billion Ghana Cares ‘Obaatampa’ …

Members of the Komfo Anokye Teaching Hospital Chapter of the Ghana Association of Medical Laboratory Scientists (GAMLS-KATH), have declared a one-week sit-down strike starting Thursday 20th May. The strike, according to the leadership of the association, is to protest the decision of the hospital’s management to keep two medical specialists …

The Chairperson of the Electoral Commission, Madam Jean Mensa, has outlined that an exceedingly disturbing challenge in the 2020 Election was the violence in 4 centres, which led to the death of 7 citizens. She made this known in her speech during the assessment of the 2020 election with the IPAC on …

On the interbank board today May 18, 2021, the Ghana Cedi trading against the dollar at a buying price of 5.7276 and a selling price of 5.7334 as compared to yesterday’s trading of a buying price of 5.7276 and a selling price of 5.7334. It is trading against the Pound …

Communications and Digitalisation Minister, Ursula Owusu-Ekuful, has announced that the nation’s quest to re-register all SIM cards will last for seven months. The exercise is set to begin next month and scheduled to end in December. During the period, all SIM cards owners need to re-register or lose their cards for …