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BUSINESS

Fluctuating oil prices put indigenous OMCs, BDCs in peril

      Price fluctuations in global crude and refined product prices are taking a heavy toll on Ghana’s downstream markets, resulting in Bulk Oil Distributors losing millions of dollars and throwing many indigenous Oil Marketing Companies out of business. Out of the 130 oil marketing companies operating in the …

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VIDEO: Kumawood Actress Shugatiti Tape Goes Viral

The Kumawood actress who’s gaining recognition gradually in the industry by name shugatiti is exhibiting a sort of Nudity to sell herself much in the industry. S£xtape L£aked: Two University students caught Doing “IT” as secret Camera records them B@nging / WATCH VIDEO Today as we were scrolling through our Instagram channel, …

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Amazon has bought a self-driving car company, Zoox

The company aims to build autonomous vehicles that people will be able to order like taxis, and will now do the same under Amazon’s direction, it indicated.   Zoox was developing robotic vehicles without steering wheels, brakes, and accelerator pedals, according to Independent. The news was first reported on Thursday …

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1D1F can’t be truncated; let’s win 2020 polls to complete them – Akufo-Addo

President Nana Addo Dankwa Akufo-Addo has urged all Ghanaians to vote for him and the New Patriotic Party (NPP) in this year’s presidential and parliamentary elections to enable his government continue the development of the country. He said projects such as the One District One Factory (1D1F) initiative and the …

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AGI to establish youth enterprise development centres in three regions

The Association of Ghana Industries (AGI) in the Volta, Oti and Eastern regions has initiated efforts to establish enterprise development centres to train the youth. The centres will serve as hubs on various sectors of the economy to train and build capacity of the youth in these regions with special …

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We grow the economy, they destroy it – Akufo-Addo mocks NDC

President Nana Addo Dankwa Akufo- Addo has said governments of the New Patriotic Party (NPP) always develop the local economy while those of the National Democratic Congress (NDC) destroy it.   He has therefore asked Ghanaians to vote massively for him and the NPP in this year’s presidential elections in order to take the …

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Finance Minister challenges Auditor General

  Minister of Finance, Ken Ofori-Atta, is challenging the Auditor General (AG), Daniel Yaw Domelevo, for appointing two of his staff onto a committee mandated to ensure proper and effective financial management practices of his office. Mr. Ofori-Atta believes the AG does not have the power to make such nominations on behalf …

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Ghana doubles its Gas production

  In 2019, gas production witnessed its greatest boost since the inception of natural gas production in Ghana with a total of 169,509 million standard cubic feet of associated and non-associated gas produced from all fields in 2019, an 85% increase over 2018’s volume of 91,459 MMSCF. While the Jubilee …

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Coronavirus: Factories to implement anti-stigma policy

  Alan Kyerematen, the Minister of Trade and Industry, on Thursday urged all factories and other industrial processing establishments to implement an anti-stigma policy for COVID-19, stating “that no employee should be discriminated against”. “Employees should not be stigmatized or be sacked if they test positive to COVID-19. Employers must engage the …

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This is how the $600million COCOBOD loan is to be spent

      Ghana Cocoa Board (COCOBOD) on Tuesday unveiled the $600-million cocoa syndicated loan facility to revamp the West African country’s cocoa sector. The COCOBOD loan was pooled by a consortium of development finance institutions namely the African Development Bank (AfDB), Japan International Cooperation Agency (JICA) and the Development …

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