BUSINESS

The Speaker of the House of Representatives for the Federal Republic of Nigeria, Femi Gbajabiamila has made some far-reaching proposals in a hope to bring an end to the current retail trade war between Nigerian traders doing business in Ghana and their Ghanaian counterparts. During a ‘Legislative Diplomacy’ bilateral meeting …

The Coca-Cola Bottling Company of Ghana Limited has served notice of its intension to lay off workers due to challenges exacerbated by the COVID-19 pandemic. A memo to the staff dated 31 August 2020, said the Chief Labour Officer of the Ministry of Employment and Labour Relations has already been …

Director of Finance at the University of Mines and Technology (UMaT), Jonathan Sakoe has been surcharged by the Public Accounts Committee (PAC) of Parliament to refund an amount GH¢8,555.50 as an unretired impress in the acquisition of lands and buildings by the school. The amount of GH¢18,777.50 was allocated a consultant, Mr …

The Securities and Exchange Commission (SEC), has assured customers whose funds have been locked-up in the 53 defunct fund management companies since November 2019, that the government bailout packages will not exclude them. In a statement issued on Wednesday, September 2, 2020, the SEC stated that its earlier statement which …

Brazil’s women’s national players will be paid the same as male players for representing their country, Brazil’s football association (CBF) has said. All players will be granted the same daily and prize amounts for taking part in preparation periods and games. CBF president Rogerio Caboclo says the measures were put …

The Minority in Parliament says it will write to the London Stock Exchange over concerns and challenges they have observed with the Agyapa royalties deal put together by the government of Ghana. “We will, after today’s press conference, put the London Stock Exchange and the Financial Conduct Authority on notice …

The Institute of Energy Security (IES) is predicting a slight rise in fuel prices in the first half of September 2020. The IES explained that this is so because “taking into consideration the appreciation in the prices of International Benchmark – Brent Crude (2.45%) and refined product – Gasoline (6.23%) …

The Auditor Generals Department in its 2017 report on public boards has indicted management of GNPC for failing to recover an amount of GhC 778,565,761 from government and other state owned enterprises. The amounts owed by government of Ghana, Finance Ministry, TOR, Ghana Gas have been outstanding since 2015. Appearing …

Mr. Muctar M. Abbas, Exec. Head of Legal Service and Company Secretary of Bank of Africa Ghana (BOA), has told Ghanaians in the diaspora who intend to invest in the country that Ghana has elaborate laws to assist their operations in the local economy. Mr. Abbas also pointed out that Ghana has …

Real Sociedad’s former Manchester City midfielder David Silva has tested positive for coronavirus. The 34-year-old Spaniard joined the La Liga club this month after 10 years with City in which he made 436 appearances and won 14 trophies. He is not displaying any symptoms and is self-isolating. The Spanish side …