BUSINESS

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 …

Minister of Communication, Mrs Ursula Owusu-Ekuful, has disclosed that Ghana has saved US$1.1 million monthly since the introduction of the Kelni GVG Common Platform. She explained that, over the five-year contract period, “a total savings of US$66 million” would have accrued. Kelni GVG was a government contract worth US$89 million in …

While most teens in Junior High School or Primary are beginning to think about what they want to do as work in future, a Yawamatwa 11-year-old girl is well into her aspiring career after finding her niche at a barbershop. The 11-year-old barber identified as Suzy Armah was spotted at …

Food prices in the major and satellite markets in the Kumasi Metropolis, have generally remained stable over the past few weeks, despite the recent increases in lorry fares across the country. A market survey conducted by the Ghana News Agency in Kumasi has indicated that prices of most vegetables and …