BUSINESS

AngloGold Ashanti has reached an agreement to sell its remaining South African producing assets and related liabilities to Harmony Gold Mining Company Limited. Consideration for the transaction is in cash and deferred payments with expected proceeds of around US$300 million, subject to subsequent performance, and with additional proceeds if the …

The member of parliament for Asunafo North Constituency, who doubles as the Ahafo Regional Minister, Hon. Evans Opoku Bobie made this statement in a community engagement at Fawohoyeden and it’s surrounding conurbations under the Asunafo North. The hardworking MP urged the people of the above mentioned community to keep on …

Management of the Ghana Railway Company Limited (GRCL) has announced plans to run a free passenger service on the Accra-Nsawam rail line. The new announcement comes on the back of an earlier exercise that was expected to have taken place last month but could not happen due to technical challenges. …

Legendary Brazil forward Pele is reluctant to leave his house because he cannot walk unaided, his son has said. The three-time World Cup winner, widely regarded as the greatest player of all time, was taken to hospital with a urinary infection last year. Pele, 79, has had problems with his …

A trade delegation of 30 businesses from Broward County in the State of Florida from the United States of America is currently in Ghana to explore business opportunities and to collaborate with Ghanaian businesses who are targeting the U.S as a major market. Led by the Mayor of Broward County, …

Chattered economist, Mr. Emmanuel Amoah-Darkwah, has explained why the country is struggling to have a national airline after the collapse of the Ghana Airways after it took a dip following debts and legal disputes. According to him, the only way Ghana can stand on its feet to operate an airline …

The World Bank has cautioned Ghana against piling its external debt and exceeding the sustainability threshold. According to the bank, Ghana is currently rated as a moderate to high-risk debt distressed country and so must tread cautiously. The government last week raised US$3 billion on the Eurobond market. The transaction …

It’s just about 4 days away from Valentine’s day, what now has become themed, “Chocolate Day” in Ghana. Various shapes and sizes of chocolate and cocoa products will dominate on the day, with loved ones sending gifts as expressions of love to their loved ones. Perhaps now is a good …

President Nana Akufo-Addo has lauded the central bank on its recent award as the African Central Bank of the Year 2019. According to the president, the award was proof of the “excellent work” by the Governor of the Bank of Ghana, Dr Ernest Addison, in reforming the financial sector. In …

The Customs Division of Ghana Revenue Authority (GRA) will pilot the new UNIPASS trade facilitation tool at the Takoradi Port from next week, as it looks to implement what it describes as “the best end-to-end Customs management system available”. Commissioner of Customs, Col. Kwadwo Damoah, who disclosed this at a …