BUSINESS

Francis Kwarteng Arthur, a Ghanaian and private legal practitioner challenging the President’s Executive Instrument on the Electronic Communications law, has filed an application in court seeking to have the Chief Executive Officer of KelniGVG, Rouba Habboushi jailed for alleged perjury. In his application, Mr. Arthur explained that Roaba Habboushi in …

After three months’ victory over the wrestle with its major trading currency, the US dollar, the cedi finally lost its valour and entered into depreciating mode, as it has succumbed to the threat from the devastating impact of the coronavirus pandemic. The local currency was on top of its game …

The President of Ghana His Excellency Nana Addo Dankwa Akufo-Addo cut the sod in November 2019 for the construction of the multipurpose dam.   The dam seeks to benefit Ghanaians in many aspects such as electricity, fisheries, irrigation and control of flood.   Although this project fulfills Government’s policy of …

The management of the Bui Power Authority (BPA) has justified a recent demolition exercise undertaken its buffer zone. The Authority said the demolition was necessary because the settlers slowing down their work. A statement signed by Fred Oware, CEO of BPA said its attention was drawn to various media reports …

The Mining and Quarrying sub-sector recorded the highest year-on-year producer price inflation rate of 38.0 percent, the Ghana Statistical Service (GSS), has said. This, according to the GSS, is followed by the utility sub-sector with 12.1 percent. The Manufacturing sub-sector recorded the lowest year-on-year producer inflation rate of 0.5 percent. …

Lawyers of Willaim Ato Essien, the founder of the defunct Capital Bank, who is standing trial for allegedly collapsing the bank, has told the Accra High Court that their client is willing to refund GH¢27.5 million back to the state. The amount is what the state has accused Essien of …

After staying virtually flat for about a year and a half, the average lending rate of banks has started to show signs of decline in April after the Bank of Ghana reduced the monetary policy rate the month before. The Summary of Economic and Financial data (May 2020) published by the Bank of …

A 45-year-old Kennedy Kwaku Adu, a farmer at Twifu Mampong in the Twifu Atimokwa District has inflicted cutlass wounds on his biological mother for being behind his inability to get his wife pregnant. Information gathered by Kasapa FM Yaw Boagyan indicates that the suspect and Wife Gifty Anku have been …

The Executive Director of the Institute of Energy Security (IES), Paa Kawsi Anamua Sakyi, has said it is refreshing to note that the government has cleared the legacy debts of the Electricity Company of Ghana (ECG). Mr Sakyi however asked the government to ensure that the debt situation does not …

Two illegal miners have died after a mining pit caved in on them. The incident occurred May 18, 2020, around 9:00 am at a mining site of Nawara mining Company in Akyem Osino in the Fanteakwa South District of the Eastern Region. The bodies of the deceased persons -Atwere Emmanuel, …