BUSINESS

The Tema-Akosombo railway project is progressing steadily with 70 percent of construction works done according to the Ghana Railways Development Company. Out of the 97.625 Kilometer railway line expected to be completed by July 2021, 93 Kilometers of formation just below the subgrade level has been done, 65 kilometers of …

About 300 artefact shops at the Arts Centre in Accra have shut down due to COVID-19, Mr Ayingura Sunday, Secretary of the Greater Accra Arts and Crafts Dealers Association has told the Ghana News Agency. He said the closure had become necessary because of poor patronage arising out of the impact …

Over one hundred retail shops belonging to foreigners at Circle have been closed down in an exercise led by the Presidential Committee on retail trade. The exercise which started peacefully later turned chaotic. The Presidential Committee in the company of the Police arrived at Circle at about 11AM Thursday August …

Following the successful implementation of Mobile Money Payment Interoperability by the Nana Addo Dankwa Akufo-Addo government, about 15 million Ghanaians essentially have bank accounts, Vice President Dr. Mahamudu Bawumia has said. Addressing the youth wing of the governing New Patriotic Party(NPP) in Accra on Wednesday, 12 August 2020, Dr Bawumia explained that with the triangular …

Parliament has approved a total of 598.7 million Euros loan agreement between the Government and the Deutsche Bank to finance the construction of sections of the Western railway lines. The agreement covers the proposed construction of the Standard Gauge from Takoradi Port to Huni Valley. The loan comprises a facility agreement …

A report by the Alliance for a Greene Revolution in Africa (AGRA) has noted that the continued disruption of food distribution and trade activities due to the COVID-19 pandemic has demonstrated the need for African countries to reduce their import dependency and increase domestic food production to ensure self-sufficiency. The report further …

The Ghana Association of Bankers (GAB) has estimated that about GH¢102million has been forfeited by commercial banks in the country through various measures they have introduced to give some relief for customers due to impact of Coronavirus pandemic on the country. According to the association, all 23 universal banks in …

Government will today start the process for the issuance of seven-year treasury bonds with the opening of the book-build. This follows the release of an initial pricing guidance for the bond issuance through the Ghana Stock Exchange, yesterday. According to an announcement made by the Bank of Ghana on Friday, …

The Government of Ghana is requesting for a Parliamentary approval to loan US$1.3 billion to finance the purchase of cocoa for the 2020/2021 crop season. This follows the regulator of cocoa, Ghana Cocoa Board (COCOBOD) given the strongest assurance that its annual cocoa syndication loan facility will go ahead despite the COVID-19 pandemic. …

The inter-agency Taskforce on foreign retail trade set up by Government to enforce compliance of trade regulations on foreigners engaged in retail business in the country will commence its operations today. Consequently, all foreign retail shops closed by Ghana Union of Traders Association (GUTA) for flouting Section 27 of the …