BUSINESS

Ghana’s debt stock as at the end of September 2019 stood at ¢208.6b. This was contained in the November Bank of Ghana’s summary of financial and economic data released after the Monetary Policy Committee met this week to review the “health” of the economy. Breakdown The GH¢208.6 billion total debt …

In what seems an attempt to protect his self proclaimed strict adherence to procurement laws and processes since he took over the Microfinance and Small Loans Centre (MASLOC), Stephen Amoah has resorted to fingering the Economic and Organized Crimes Office (EOCO) for a GH¢1.1million payment to an audit firm. The …

It is estimated that the economy loses over US$100million annually as a result of flooding. According to Acreaty Ghana Limited, a legal and human resource management firm, the losses are calculated taking into consideration loss of lives, loss of man-hours and damage to property, among others. “Can you envisage the …

Some Hotels in Kumasi, the capital of Ashanti Region, have been closed down because they are not operating in accordance with acceptable standards. The temporal closure of the hotels formed part of a three-day intensive exercise by the Ghana Tourism Authority (GTA) to ensure professionalism in the hotel industry. The …

Kwame Governs Agbodza Ranking Member on the Roads and Transport Committee of Parliament, has raised questions on government’s means of funding the expected Accra SkyTrain project. The Member of Parliament for Adaklu said even though Railway Minister, Joe Ghartey, has signed several memoranda to that effect, there was no money …

After nearly three months of work on the Tamale Interchange project, residents within the metropolis say they are being adversely affected by the construction. From heavy vehicular traffic to low sales and patronage, the people of Tamale, the Northern Region capital, blame the lack of proper planning for the inconvenience …

Some workers of Unicredit, one of the financial institutions affected by government’s bank clean-up exercise are finding it difficult to make ends meet months after the revocation of the licence of the company. Unicredit’s licence was revoked and the company, handed over to the Pricewater House Coopers (PWC) as receiver …

A German investor is set to build a cocoa processing plant in Suhum in the Eastern region, according to the German Ambassador to Ghana, Christoph Retzlaff. He said under the Compact with Africa (CwA) there will be more German investments in ‘Do The Right Thing’ (DTRT) textile factory which is …

The President of the National Coconut Sellers Association (NCSA), Karene Beecham, has called on government to support efforts to regulate coconut business across the nation. Speaking in an interview with Lord Kweku Sekyi, Ms. Beecham appealed to investors to pay attention to the coconut industry, particularly its retail aspect, which …

The Bank of Ghana over the coming weeks will issue onto the forex market a total of US$ 25 million, following a successful FX forward auction held on November 12, 2019. A notice from the BoG indicates that bids amounting to US$ 71.5 million were received from businesses through their …