BUSINESS

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, …

MTN Group has agreed to sell its towers businesses in Ghana and Uganda as Africa’s biggest mobile phone operator refocuses on high-growth markets on the continent and in the Middle East. Clashes with regulators in Nigeria, Uganda and elsewhere have crimped growth, prompting the company to announce a $1 billion …

Individuals and businesses seeking credit from commercial banks this year should be offered some respite as the Economist Intelligence Unit is predicting that the Bank of Ghana will lower its lending rate. The business intelligence advisory firm in its latest country report stated that the Bank of Ghana’s policy rate …

The management of the Consolidated Bank Ghana (CBG) has said the bank will resume full operations on Thursday January 2. On Tuesday December 31, all CBG branches closed to the public at 2PM. A message to all customers from the management on Monday December 30 said : “Dear Valued Customer, …