BUSINESS

The World Bank has warned African countries, Ghana inclusive to spend wisely and implement innovative strategies which will broaden the tax net to capture every income-generating activity in order to close the vast fiscal gap induced by the pandemic – adding that the situation has further heightened the country’s risk …

There is heightened tension at the Akosombo Industrial Company Limited formerly the Akosombo Textiles Limited as some disgruntled employees issue death threats over service conditions. The aggrieved staff are asking management to immediately halt the 5 percent pay cut introduced in the wake of the COVID-19 pandemic or face their wrath. In …

The Securities and Exchange Commission (SEC) has on Tuesday, October 13 issued new capital requirements for market operators in the Ghanaian capital market industry. The new directive in accordance with Section 209 of the Securities Industry Act 2016, (Act 929) is in line with the Commission’s mandate of regulating and …

Portuguese star Cristiano Ronaldo has tested positive for COVID-19, Portugal’s Football Federation said in a statement on its website on Tuesday. The 35-year-old Juventus striker will miss Wednesday’s UEFA Nations League game against Sweden. In a statement, the Portuguese federation said “well, he has no symptoms and is in isolation.” …

American aircraft manufacturer, Boeing, is exploring the possibility of setting up a Maintenance, Repair and Overhaul (MRO) facility in Ghana to serve the West Africa sub-region. Grounding of the plane maker’s 737 Max by airlines over safety concerns after two deadly accidents, canceled 737 Max orders, compensation to clients and …

The coronavirus has led to the cancellation of some petroleum contracts, the Chief Executive Officer of the National Petroleum Commission, Egbert Faibille Jnr., has disclosed. Egbert Faibille also indicated that the impact of the COVID-19 induced contract cancellation affected local jobs in the oil and gas sector. “The consequential effect of the …

President Nana Akufo-Addo has launched “For Better Business Together (4BBT)” programme to help the country in achieving the Sustainable Development Goals (SDGs) and ensure COVID-19 economic recovery. The initiative, under the auspices of the Ministry of Business Development of Ghana, the International Chamber of Commerce (ICC), United Nations Development Programme (UNDP) and …

Ninety-eight upstream oil and gas contracts valued at $389 million, have been cancelled due to the outbreak of the coronavirus disease (COVID-19). Contracts awarded by Aker Energy, AGM, Eni, GOSCO and Springfield between the fourth quarter of last year and the first quarter of this year were affected. As a …

In 2019 Ghana National Famers Day Awards, Lotte Company Limited was adjudged as deserving recognition for promoting Ghana Cocoa. However, Lotte was unable to attend the 35th National Farmer’s Day Celebration held in the Volta Regional Capital, Ho, on 6th December, 2019.    During this year’s National Farmers’ Day celebration, …

Police are reportedly investigating a burglary at Cristiano Ronaldo’s home in Madeira, Portugal.   The thief is said to have got into the property in the island capital Funchal through an open garage door.   A signed Juventus shirt is said to have been among items taken. A relative of …