BUSINESS

The management of GHACEM cement has announced an increase in the prices of its products. The new prices will take effect from Wednesday, 11 December 2019. A statement signed by Commercial Director for GHACEM, Nana Phillip Archer, on Monday, December 9 said the upward adjustment is due to, among other …

Tullow Oil Plc’s chief executive officer and exploration director quit after the company cut its production outlook and suspended the dividend. The shares tumbled, deepening their loss for the year to more than 60%. CEO Paul McDade and exploration chief Angus McCoss resigned with immediate effect, marking the exit of …

Menzgold has said it will announce a payment schedule and formula for its customers on December 18. It comes after the company asked customers whose funds have been locked up to visits centres across the country to validate their documents. The latest notification is silent on when payment, which is …

Chief Executive Officer(CEO) of the Ghana Integrated Aluminium Development Corporation (GIADEC), Michael Ansah, has said that the corporation will have a 30 per cent minimum stake in business entities selected to mine Ghana’s bauxite. “The Act through which GIADEC was created stipulates that, the corporation must own 30 per cent …

The Social Security and National Insurance Trust (SSNIT) says it will from February 2020 cease payment of monthly benefits to all pensioners who fail to biometrically register with the scheme. All names pensioners on SSNIT who have not done the biometric registration the scheme will automatically have their names deleted …

Black Stars B coach Maxwell Konadu is on the brink of returning to former club Asante Kotoko. The 47-year-old is in advanced talks and is expected to sign a three-year with the Kumasi-based club before the start of the Ghana Premier League on December 28. Both parties are satisfied with the …

Messi-less lightning strikes Chiengi team, ECL mourns FIVE players, two of them brothers, from a local amateur football club with a famous name in Chiengi, Luapula, have been killed by lightning. The local community was plunged into mourning on Sunday when lightning struck a field the players were cultivating as …

Mobile network operator MTN has been sanctioned by the National Communications Authority (NCA) over the recent challenges with its data bundles to customers. Despite MTN compensating affected customers, NCA handed the telecommunications firm with an initial fine of GH¢10,000 for failure to submit a report on the challenges within 24 …

Some Cocoa farmers have warned Ghana Cocoa Board (COCOBOD) to stay away from Licensing Buying Companies across the country following a directive by COCOBOD to LBCs to desist from providing some incentives to farmers. Days ago, COCOBOD announced it has noted with concern that some LBCs are engaged in unethical …

The Ghana Union of Traders Association (GUTA) has asked their Nigerian counterparts at the Nkrumah Circle to be submissive if they want their closed shops opened. “At the end of the day, we may open the shops for them. If we go there this morning and they show remorse we …