BUSINESS

Newmont Goldcorp has affirmed its readiness to divert the Afrisipakrom -Techire road, as the company finalises processes to commence actual mining on its Ahafo North concessional area. The Company’s Ahafo North concession is expected to cover 4,000 hectares of land around five major towns – Yamfo, Adrobaa, Susuanso, Terchire and …

The Head of Currency Management at the Bank of Ghana, John Gyamfi, says the Central Bank for the foreseeable future will continue to print Ghana’s currency notes with well-proven and trusted international companies as local firms lack the capacity to execute such jobs. The comment follows the revelation that the …

About 70 per cent of cocoa farmers in Ghana believe that the Ghana Cocoa Board (COCOBOD) does not serve their interest, a report by Imani Ghana, has noted. The survey dubbed “Exploring the revenue management and producer pricing mechanism within Ghana’s cocoa sector” also noted that 94 percent of cocoa …

CalBank announces the closure of a USD108million term facility with the Overseas Private Investment Corporation (OPIC) and Citibank (Citi)for on-lending to Small and Medium Enterprises (SMEs) in Ghana. This arrangement will enable CalBank to advance loans at relatively low interest rates to SMEs in Ghana with flexible repayment terms. In …

Seven mining companies, the Attorney General and Minerals Commission have been hauled to court over alleged illegalities. The plaintiff, David Addo has commissioned the actions in his capacity as a Ghanaian. Mr Addo claims AngloGold Gold Ashanti Iduapriem Ltd, Newmont Ghana Ltd, AngloGold Ashanti Ghana Ltd, Newmont Ghana Gold Ltd, …

Record commodity prices and low global interest rates have encouraged African countries to borrow as they did in the 1990s, but now some are struggling to pay up as their revenue slows along with economic growth. The debt of governments as a percentage of gross domestic product in sub-Saharan Africa …

Perhaps, one of the most significant components of the banking sector reforms is the new minimum capital directive issued on 11 September 2017. The directive required universal banks operating in Ghana to increase their minimum stated capital to GHS400 million by the end of 2018. Following the deadline for compliance, …

It has emerged that Crane Currency, a currency and security printing company in the United States of America (USA), printed the newly introduced GH¢200 and GH¢100 banknotes for the country. Information available to the GRAPHIC BUSINESS indicated that Crane Currency, which prides itself as being in the currency business for …

MTN Ghana has expressed deep concern about the recent sanctions by the National Communications Authority, considering what it describes as the efforts put in place to resolve the issues following the receipt of varied complaints on December 2, 2019. The telecom regulator fined the telecommunications giant a total of GHS110, …

The management of GHACEM cement has announced an increase in the prices of its products. The new prices will take effect from Wednesday, 11 December 2019. A statement signed by Commercial Director for GHACEM, Nana Phillip Archer, on Monday, December 9 said the upward adjustment is due to, among other …