BUSINESS

Ghana and India appear to be following a similar development path in the way in which both economies are run by their current leaderships, the Asian country’s leader has observed. Speaking at the ongoing Future Investment Initiative (FII) summit in Riyadh, Saudi Arabia on Tuesday, October 29, Prime Minister Narendra …

Some persons associated with the Ghana Union of Traders Association (GUTA) have gone on rampage closing shops belonging to foreigners in commercial hubs in Kumasi in the Ashanti region. The closure that begun from Alarbar spread to Adhye and Kejetia Wednesday. The Ashanti Regional President of the Nigerian Association of …

The Ghana Revenue Authority has locked up the offices of Intelligent Metering and Energy Solutions for non-payment of taxes of about GH¢6 million. The private firm undertakes electrical and energy services, and work closely with the Electricity Company of Ghana (ECG). The GRA Taskforce during its routine checks as part …

Government says it is hopeful the country’s energy sector will witness improved efficiency when ongoing reviews in the sector are completed. A review of take or pay clauses in power purchase agreements is currently underway following the set-up of a steering committee under the Energy Sector Recovery Task Force, assigned …

GCB Bank Ltd has extended financial support to the tune of GH¢100 million to the energy sector of the country this year. This went into selected oil marketing companies (OMCs) and bulk distribution companies (BDCs) as working capital and financing for capital expenditure. The Managing Director of GCB, Mr. Anselm …

Over 200 aggrieved Menzgold customers trooped the Osu verification center on Tuesday as part of processes of recovering their held up investments. However, these aggrieved customers have expressed frustration with the slow pace of the process. Menzgold on October 23 announced outlets in the various regions for their customers to …

Ghana’s graded and sealed (G&S) cocoa arrivals hit 44,000 tonnes between the start of this year’s harvest on October 1 and October 17, up 7.3% from the same period of the previous season, data from marketing board Cocobod showed on Monday. G&S is cocoa that has been quality checked and …

K1 — KOO, Have you heard? K2 — You’re no doubt talking about the PBS nonsense? — Koo, it isn’t “nonsense”! It was a typical ‘free market’ scam that inevitably got unravelled… — How do you mean? — Who constituted PBS? Had you ever heard of any industrialist/trader/entrepreneur/body corporate mentioned …

Ghana has earned $40 million extra revenue from the sale of cocoa beans for the 2020/21 crop season to be distributed to cocoa farmers. The amount was grossed from the sale of 100,000 tonnes of next season’s cocoa beans, according to data sighted by the Daily Graphic. The earnings are …

The Finance Minister, Ken Ofori-Atta has inaugurated a government-led Energy Sector Recovery Programme Steering Committee to help identify issues and propose solutions in the energy sector. The committee which consists of members across various sectors and ministries, is part of the governments’ initiative to collaborate with each Independent Power Producers …