BUSINESS

Minister for Trade and Industry, Kobina Tahir Hammond, has said the Komenda Sugar Factory has become an “albatross” around the neck of the country. According to him, apart from the factory not being properly set up, the company that originally undertook the construction of the factory has returned with a demand …

Former New Patriotic Party (NPP) Second Vice Chairman for the Central Region, Mr Joe Donkor, has expressed his belief that Kennedy Agyepong will be the first businessman to be elected as Ghana’s president. According to Mr Donkor, Kennedy Agyapong, the Member of Parliament (MP) for Assin Central, will lead the …

Ghana’s current economic problems have put Ghanaians in a situation where their incomes must match up with the current inflation rate. Inflation for the month of June inched up to 42.5% from an earlier 42.2% in May. This means that the prices of goods have increased by 42.5% in June …

The business arm of Facebook parent company, Meta Business, will from August 1, 2023, impose a total of 21 percent in added taxes on personal and business-related advertisements made on the platform. An email from Meta Business said the charge is based on an order given by the Government of …

The World Bank says some 850,000 Ghanaians were pushed into poverty in 2022 because of rising prices of goods and services. The Bank said this in its latest Ghana Economic Update report titled: “Price Surge: Unravelling Inflation’s Toll on Poverty and Food Security,” launched in Accra on Wednesday. The inflationary …

    Paymentology, the leading global issuer-processor, today announces its partnership with PayCard, a FinTech offering an innovative e-wallet solution linked to a prepaid card in the Republic of Guinea, in West Africa.   PayCard, launched this month, enables an electronic wallet accompanied by a payment card, providing convenient and …

      UBA Ghana, through the UBA Foundation Read Africa project, continues to make significant impact in the promotion of literacy and reading skills among students in Ghana.     As part of their activities to commemorate the International Day of the African Child, UBA Ghana celebrated the day …

    The Chartered Institute of Realtors (CIR), a body of real estate professionals dedicated to providing high-quality training and learning opportunities for its members within the ever-changing real estate industry worldwide is set to be launched in Ghana.   The event will draw a large audience from different facets …

Kwame Sarpong Barnieh   Kwame Sarpong Barnieh, a Governance, Risk and Compliance Services (GRCS) Partner at KPMG Ghana, has attributed Ghana’s recent credit downgrades to low Environmental, Social and Governance (ESG) credit impact scores, with Moody’s citing a CIS-4 and Fitch, a CIS-5+.   “Our recent downgrades that caused a …

    Chris Ofikulu, the Regional CEO of UBA West Africa and Managing Director of UBA Ghana has been named as the “Banking CEO of the Year 2023 ” published by the World Business Outlook Awards.   UBA Ghana also received accolades, including the Best Banking Service Provider in Ghana …