BUSINESS

Cocaine is set to become Colombia’s main export, overtaking oil, according to Bloomberg Economics. The Colombian government is taking a more lenient policy regarding drugs, thus production of the drug is expanding. According to Bloomberg Economics, 2022 exports were worth an estimated $18.2 billion. Oil exports posted a drop of …

Telco company MTN has declared that the act of split cash transaction is illegal, urging its clients to report any Mobile Money (MoMo) agent who engages in such unlawful practice for action. The MTN charges for mobile money cash transactions at a fixed rate pegged at GH¢10 cedis on GH¢1000 and …

The United Kingdom government has announced an increment in immigration and nationality fees which will be paid for vital services with effect from October 4, 2023. According to the UK government, the new charges will see the cost for visit visa for less than six months increase from £15 to …

The United Arab Emirates has contradicted claims by the Nigerian government that it is to lift a year-long visa ban on Nigerian travelers. An official from the Gulf state told CNN: “There are no changes on the Nigeria/UAE travel status so far.” The source asked not to be named because …

Auntie Muni, a famous waakye seller in Accra, has voiced her concerns about the adverse effects of economic hardship on her thriving business. Speaking in an interview on Asaase Radio on September 13, 2023, she lamented the increase in the cost of living, particularly the soaring prices of essential commodities …

  United Bank for Africa (UBA) Ghana has been named as the Best SME Bank 2023 by the Ghana Credit Excellence Awards. The Awards aim to recognize and celebrate the top-performing banks, non-bank financial institutions, and individuals across various categories within Ghana’s banking and non-banking financial industry. Chris Ofikulu, the …

Inspector-General of Police (IGP) George Akuffo Dampare appeared before the Parliamentary Committee probing the leaked tape in which some colleagues are allegedly plotting his ouster from office. The Samuel Atta Akyea-led Committee (September 12) fielded questions to the IGP in the presence of three earlier witnesses – COP Geroge Alex …

The Ghana National Association of Cocoa Farmers has demanded better welfare for farmers. The association says several cocoa farmers live in abject poverty. The Public Relations Officer for the Association, Nana Yaa Asantewaa, said their welfare has not been prioritised by the government. She lamented that the producer price of …

The Director of Business Operations at Dalex Finance, Joe Jackson, has bemoaned the high-interest rates on treasury bills in recent times. According to him, it does not make economic sense for the government to be borrowing at such high rates while investors also lend at such high rates. He said …

A former Finance Minister, Seth Terkper, has asked the international community and even the government to be measured in celebrating the country’s efforts in achieving economic recovery. According to him, the economic indicators show that the country is not yet out of the woods and will be too soon to be …