BUSINESS

The world may soon return to an international gold standard thanks to a project that European central banks have been quietly preparing for decades. This month Seeking Alpha reported that “since the 1970s, policies that paved the way for an equitable and durable monetary system have gradually been implemented,” leading us closer …

The further weakening of the Ghanaian Cedi against the U.S. dollar will worsen the impact of coronavirus pandemic, the International Monetary Fund has said. Since late February 2020, the Cedi has consistently depreciated against the dollar by -2.46 percent, year to date, and -7.34 percent year-on-year. The IMF in its …

Delays in payment of outstanding salaries and severance packages to former workers of defunct microfinance, savings and loans and finance house and microcredit companies is due to unavailability and access to employee data for verification and computation of exit packages. This is according to a document sighted by the Ghanaian …

The management of Ecobank has refuted reports that the Supreme Court has ordered the closure of its Head Office building over ¢4m judgment debt. In a statement, management unequivocally refuted the reports stating that “no such execution has been levied on the bank.” Management said, “Ecobank is open for business …

The second phase of the Nationwide disinfection exercise in the Ashanti Region has been done successfully. Over three hundred and thirty market centres were disinfected. Speaking at the commencement of the exercise, the Ashanti Regional Minister, Hon. Simon Osei Mensah expressed his appreciation to all Assembly Members, MMDCE’s and the …

Juventus star Cristiano Ronaldo has become the first player in football history to score 50 goals in Serie A, La Liga and the Premier League. The Portugal international hit the target during last evening’s match against Lazio in Turin. CR7 had already found the net 84 times for Manchester United …

A three-member panel of the Court of Appeal has dismissed an application for Stay of Proceedings by the Bank of Ghana (BoG) in an action instituted by HODA Holdings following the revocation of the license of UniCredit Savings and Loans. The panel chaired by Justice Welbourne with support from Justice …

The receiver is set to pay GH¢151.8 million to 5,637 former staff of 209 defunct Specialised Deposit Taking Institutions (SDIs) as outstanding salary arrears and compensation due them before the end of this month. This follows the Bank of Ghana (BoG) making available funds to the receiver and official liquidator to fully …

Barely 14 months after commissioning of the redeveloped Kejetia market, some recalcitrant traders in Kumasi, the Ashanti Regional capital have resorted to the green grasses around the Otumfuo statue, as a place for drying washed clothes. The rather appalling behaviour, Ghana Guardian learned, begun after city authorities removed the military …

Ghana’s electricity export in 2019 reached the highest level in two decades, with 1,430 Gigawatt hours (GWh), representing 7.9 percent of total electricity generation, exported to neighbouring countries, the Energy Commission’s National Energy Statistics report has revealed. The country’s electricity import in 2019 fell to 127 GWh, equivalent to 0.7 …