BUSINESS

The Nigeria Union Traders Association of Ghana (NUTAG) is asking the Government of Ghana to come clear on its plans concerning the closure of shops belonging to its members. About a month after the closure of the shops, the association is worried about the situation it claimed had brought untoward …

The Tema Development Company (TDC) has raked in more than GHS44 million as actual total revenue (Gross Earnings) from January to September 2019. Addressing an end of year thanksgiving service, Ms. ELzabeth Mansa Banson, Board Chair, said GH¢44,135,431 was raised against the related period end budget of GH¢134,426,955. “Thus, the …

The Founder and Leader of Anointed Chapel International, Francis Antwi, popularly known as Reverend Obofour says Vice President Dr Mahamudu Bawumia is not to blame for the depreciation of the cedi but Churches. According to him, most of the Churches headquartered abroad after Church Service on Sundays change all their …

Famous Agbogloshi Yam Market has caught fire this afternoon. Videos and pictures circulating shows ranging fire burning up the entire market. Residents closer in much efforts are trying to put off fire while they wait for the fire service to attend to it. The cause of the fire is yet …

Rare footage of Ghana adopting its first cedi and pesewa coins in 1965 has surfaced on the internet. The video, monitored by GhanaWeb saw a queue of Ghanaians lined up at the Ghana Commercial Bank to exchange the then “Ghana Pound’s” which were; Shillings and Pence and was introduced by …

The Ministry of Finance has created an investment mechanism to help drive investment into the country from the Diaspora. Known as the ‘Africa Sankofa Account or the ‘Diaspora Savings and Investment Account,’ the interest accruing banking product is targeted at Africans living abroad, who desire to invest in the Ghanaian …

A new IMF staff report has said Ghana is closer to being classified as a high debt distressed country, theghanareport.com has learned. The possible classification means the IMF is concerned about the country’s ability to honour its international obligations. The public debt stock as at September 2019 was pegged at …

The Central Bank has reacted to claims by former President John Mahama that it did not follow proper procedure in introducing new notes to the country’s currency mix. “The public was ambushed. One day we just got up and they said they are introducing new notes. No public sensitisation, the …

Deputy Defense Minister and Member of Parliament for the Nkoranza North constituency, Major Derrick Oduro, has asserted that the government of the New Patriotic Party (NPP) would construct a 600 bed residential facility for head Porters (popularly called Kayayos) in 2020. He indicated that plans are far advanced for the …

Ghana is to establish a Diasporan Savings and Investment Account to attract people of African American descent to invest in the various sectors of the country. The plan, which is at its infant stage, will explore how to target retail other than institutional investors. According to the Minister for Finance, …