BUSINESS

The Nigerian government is expected to announce the reopening of its border with Benin after months of closure. According to Citi FM’s report, the Nigerian government in a memo signed by the Comptroller of its Immigration Service, Victor David Dimka, said a decision will be announced on Friday 31st January …

The Ghana cedi is projected to decline in value to the US dollar by 8.60% ± 1.50% at the end of 2020. This will be lower than the 12.9% depreciation to the American currency in 2019. This means the cedi will hover around GHS6.05 ± GH¢0.10 by 31 December, 2020. …

The Electricity Company of Ghana has attributed the deductions effected on prepaid electricity to service charges. According to the power distribution company, all residential and non-residential electricity prepaid customers in the country are charged a monthly service charge depending on their consumption. The Public Relations Manager of the utility provider, …

The GSE Composite Index tumbled by 12.46 points (-0.55%) due to losses in two banking and telecom counters to close at 2,236.29 with a -0.92% year-to-date return while the market capitalization declined by 0.23% to settle at GH¢57.96 billion. CAL Bank (-1.02%) lowered the GSE Financial Index by 1.11 points …

The Electricity Company of Ghana is attributing deductions on prepaid electricity to service charges. According to the power distribution company, all residential and non-residential electricity prepaid customers in the country are charged a monthly service charge, depending on their consumption. Public Relations Manager, Theresa Osabutey disclosed this in an interview …

President Akufo-Addo says the AngloGold Ashanti Limited has agreed it will contribute US$2 for every ounce of gold produced into a Community Trust Fund, over the lifespan of its Obuasi Mine to facilitate development projects in the local communities of the area. According to him, a one-off contribution of US$250,000 …

Vice President Alhaji Dr Mahamudu Bawumia has stated that government’s initiatives, were not slogans but policies implemented to benefit Ghanaians. He said the programmes, such as the One District One Factory (1D1F), Planting for Food and Jobs and Free Senior High School, were all policies put in place to protect …

Government has intervened to avoid the imminent collapse of Neoplan. According to Starr News sources within the management of the firm, state officials are working with authorities of the now struggling auto company to continue to stay in business. A top official of the company told Starr News they have …

The signals of recovery from the financial crisis that hit the economy in 2017 have begun to positively to impact on the performance of the Ghana Stock Exchange in the first month of this year. The market’s benchmark index, GSE Composite index (CI) at the end of trading session on …

The Ghana Union of Traders Association is advising members of the business community, particularly traders who intend or are preparing to China for business or any other thing to hold on. It rather encourages the possibility of transacting business and other communication via the internet until the coronavirus outbreak is …