BUSINESS

The president has likened the previous operations of the many dissolved financial institutions to that of a Ponzi scheme. President Nana Addo Dankwa Akufo-Addo reiterated that his administration upon assuming power observed that many banks were in distress and had been kept on “unsustainable and artificial life support by the central bank.” …

Ghana bagged $2.89 billion from Non-Traditional Exports (NTEs) in 2019 according to figures from the Ghana Exports Promotions Authority (GEPA). The 2019 non-traditional exports earnings was 3.10 per cent higher than that of 2018 which was estimated at $2.83 billion. According to GEPA, non-traditional exports accounted for 8.53 per cent …

President Nana Addo Dankwa Akufo-Addo has said the implementation of the African Continental Free Trade Area (AfCFTA), will put African countries back on track after being hit by coronavirus pandemic. According to him, the African trade deal will be a game-changer because it has the potential to stimulate intra-Africa trade Addressing the …

The International Monetary Fund (IMF) has announced about $91 billion in financing to 80 countries, including $11.3 billion to 48 low-income countries since the onset of the pandemic in late March and as of September 15, 2020. Out of this lending, the IMF channeled $30 billion (equivalent to SDR 21.2 …

If you’re going to do well, you’ve got to learn how to avoid cash flow problems in business. Cash flow is the most important thing in business. The moment cash stops flowing, your business starts dying. Just knowing how to sell and market your product is not enough, you also …

Former Manchester United and Scotland manager Tommy Docherty has died at the age of 92 following a long illness. As a player, Glasgow-born Docherty made more than 300 appearances for Preston and won 25 caps for Scotland. He went on to manage 12 clubs, leading Chelsea to League Cup success …

African countries began officially trading under a new continent-wide free trade area on Friday, after months of delays caused by the global coronavirus pandemic. But experts view the New Year’s Day launch as largely symbolic with full implementation of the deal expected to take years. The African Continental Free Trade …

Air France-KLM has announced the obligatory possession of an Airport Transit Visa (ATV) for Ghana and Nigeria citizens to transit through France or the Netherlands to enter the UK after Brexit. The airline said in a press statement that, from January 1, 2021, it would become compulsory for citizens of …

Ghana and the United Kingdom have reached a consensus on the main elements of a new trade agreement. This consensus was reached after Mr Alan Kyerematen, Ghana’s Minister of Trade & Industry and the Rt Hon Liz Truss MP, UK Secretary of State for International Trade met via video conference …

The Ghana Standards Authority has reviewed its charge for clearing goods at the ports upward by 20 percent. The percentage increment is expected to take effect from January 1, 2021. The upward review of the fees and charges is to ensure clients are served better. Importers of all products will …