BUSINESS

The Ministry of Finance has released an amount of GH¢1.2 billion as part payment to the Electricity Company of Ghana (ECG) and the Ghana Water Company (GWCL) for the freebies they gave out last year as part of the government’s measures to curb the spread of the coronavirus pandemic. According …

The Bank of Ghana (BoG) has expressed fears that economic recovery from the havoc wreaked by the COVID-19 pandemic will take longer than initially anticipated. It said although economic activities had picked up quite well following a contraction in the second and the third quarter of last year, the resurgence in the pandemic earlier …

AfricaWorks is welcoming the vibrant Seedstar spaces across its continental network to strengthen support to its entrepreneur’s panafrican community.   2 February 2021 – AfricaWorks, the first uniquely pan-African flexible workspace provider, today announced an agreement to partner with Seedstars’ African locations in Abidjan, Cairo and Dar es Salaam.   …

Good morning, Ladies and Gentlemen of the Media. Welcome to the 98th Monetary Policy Committee (MPC) press briefing, and the first in the year 2021. The MPC met last week and reviewed recent global and domestic developments including the outlook for the economy. Permit me to share with you highlights …

The Economic and Organised Crime Office (EOCO) has advised the general public to desist from doing business with CHY Century Heng Yue Group Limited/Sairui E-Commerce Ghana Limited. According to EOCO, upon monitoring the activities of the Chinese company for some time, it has realized that the CHY Century Heng Yue …

The Public Interest and Accountability Committee (PIAC), the body mandated with ensuring the efficient management of petroleum revenues, says Ghana National Petroleum Corporation (GNPC) should be listed on the stock exchange (GSE) to cede control and ownership of the national oil company to Ghanaians. The move, according to PIAC, will …

Three men who are said to be in their forties have lost their lives after drinking local gin called akpeteshie which was laced with poison. The mortal remains of the three,  Mr John Andy, 43, Mr Loius Amangua, 41 and Mr Paul Etwe are said to have been deposited at …

Madagascar’s Ahmad Ahmad has been dramatically restored as Confederation of African Football (Caf) president following a ruling by the Court of Arbitration for Sport (Cas). Mr Ahmad was banned by Fifa in November for five years after football’s world governing body found him to have breached several of its ethics …

Fuel prices are expected to increase by over 2 percent per litre from next week across various pumps in the country. The increase is based on figures provided by the Bulk Oil Distribution Companies. Already, the price of fuel at some major pumps across the country is currently selling at …

Ghana is running out of fiscal space as its debt-to-GDP ratio reached 74% at the end of 2020. Latest economic and financial data released by the Central Bank put the country’s debt stock at GH¢286.9 billion. This figure is the highest in nearly four years, following early attempts to cushion …