BUSINESS

Ghana has learnt a lot of lessons in mining which will help the country to forestall the “Obuasi situation” in Nyinahin where bauxite would be mined, Vice-President Dr Mahamudu Bawumia has said. “After almost 100 years of mining gold, we have learnt some hard lessons”, Dr Bawumia said at a …

Ghana’s total debt stock has hit GHS208.6 billion, according to new data from the Bank of Ghana. The stock rose by GHS3.1 billion between July and September. Per the central bank’s Summary of Economic and Financial Data, the current debt stock represents 60.3 per cent of Ghana’s GDP. A total …

Citi FM and Citi TV’s campaign to get Ghanaians to consume more local rice to stimulate economic growth continues to get the backing of relevant personalities and agencies both in the public and private sectors. The latest to join in the campaign is the John Agyekum Kufuor Foundation, which is …

Vice President of the Greater Accra Poultry Farmers Association, Michael Ampem has appealed to government to subsidise the cost of feed to enable them increase production of birds for the market. Experts in the poultry industry claim there is a shortfall in the number of birds required to meet local …

The issue of which Ministry has the responsibility to issue visas in the country came up for discussion during yesterday’s sitting of Parliament, with some members expressing divergent views. The discussion revealed what was described as confusion amongst the members on the issuance of visas. Speaking on the matter, the …

Ghana’s debt stock as at the end of September 2019 stood at ¢208.6b. This was contained in the November Bank of Ghana’s summary of financial and economic data released after the Monetary Policy Committee met this week to review the “health” of the economy. Breakdown The GH¢208.6 billion total debt …

In what seems an attempt to protect his self proclaimed strict adherence to procurement laws and processes since he took over the Microfinance and Small Loans Centre (MASLOC), Stephen Amoah has resorted to fingering the Economic and Organized Crimes Office (EOCO) for a GH¢1.1million payment to an audit firm. The …

It is estimated that the economy loses over US$100million annually as a result of flooding. According to Acreaty Ghana Limited, a legal and human resource management firm, the losses are calculated taking into consideration loss of lives, loss of man-hours and damage to property, among others. “Can you envisage the …

Some Hotels in Kumasi, the capital of Ashanti Region, have been closed down because they are not operating in accordance with acceptable standards. The temporal closure of the hotels formed part of a three-day intensive exercise by the Ghana Tourism Authority (GTA) to ensure professionalism in the hotel industry. The …

Kwame Governs Agbodza Ranking Member on the Roads and Transport Committee of Parliament, has raised questions on government’s means of funding the expected Accra SkyTrain project. The Member of Parliament for Adaklu said even though Railway Minister, Joe Ghartey, has signed several memoranda to that effect, there was no money …