BUSINESS

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, …

The Ghana Grid Company Limited (GRIDCo) says it has disconnected power supply to the Volta Aluminum Company Limited (VALCO), following the failure of the company to settle over US$30million outstanding debt to it. GRIDco says the decision was made by management after several attempts to get VALCO to honour its …

Chief Executive Officer (CEO) of Kantanka Automobile Company, Kwadwo Safo Jnr, has explained why his father, Apostle Dr Ing. Kwadwo Safo, built the aeroplane-like vehicle. According to him, his father had always been the type that would always want to be the first to invent something unique into the world. …

The Bank of Ghana will auction US$715 million in Forward Foreign Exchange Auctions in the whole of 2020. The months with the expected highest auctions of US$80 million each are January, February and March 2020. In accordance with the Foreign Exchange Forward Auction guidelines issued on the 23 September 2019, …

One could be misled by the nose and miss out on a delicious culinary journey in a Ghanaian environment because of the smell of a verritable food ingredient called momoni. The mighty momoni is Ghana’s answer to Swedish surstromming, Korean hongeohoe or and the Japanese Kusaya, although not as putrid …

Ghana’s largest telecommunications network MTN Ghana has donated Christmas Humpers for Babies born on Xmas day at the upper west regional hospital. The breif ceremony, led by Seth Owusu Nyamekye on behalf of the CEO and MTNers, saw lucky children and their mother’s receiving sizeable packages from the country’s largest …

Ghana will soon swap the cedi for the new single ECOWAS common currency, the eco when trading within the ECOWAS region. “We, in Ghana, are determined to do whatever we can to enable us join the Member States of UEMOA, soon, in the use of the ECO, a statement from …

Ghana has backed eight African states on the decision to abandon the CFA Franc, in favour of the proposed, new common currency of ECOWAS, the ECO, beginning in 2020. A statement by the government of Ghana stated that “We, in Ghana, are determined to do whatever we can to enable …