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BUSINESS

BRICS to control 30% of world’s GDP

Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates will officially become full members of emerging economies bloc BRICS, which stand for Brazil, Russia, India, China and South Africa. South Africa’s President Cyril Ramaphosa, who announced the consensus decision during a Heads of State press briefing on the …

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NDC won’t have issues managing economy, creating jobs under IMF – Duffuor

Former Finance Minister, Dr. Kwabena Duffuor has stated that a National Democratic Congress (NDC) government in 2025 will not have issues managing the Ghanaian economy. According to him, Ghanaians hardly complain of jobs during the tenure of an NDC government. “You see, when you talk about growth, job creation is …

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Remove these five taxes or we increase fares by 20% – Transport operators dare government

The Coalition of Transport Unions and Associations has called on the government to scrap what they consider to be nuisance taxes else they will increase fares by 20%. The Association gave the government a 13-day ultimatum to meet their demand, failure of which they will increase fares. The National Public …

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GRCL is collapsing, SSNIT contributions have not been paid from October till date – Union

The Ghana Railways Workers Union has demanded that their three-month salary arrears, as well as over a year’s worth of unpaid SSNIT and Tier-2 contributions, be paid. Godwill Ntarmah, General Secretary of the Railway Workers Union, stated at a press conference in Takoradi that life has become very difficult for …

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All you need to know about BoG’s new US$250m head office

In the 1990s, the Bank of Ghana began the search for adequate and secured land for a new Head Office, given that the Central Business District had caught up with the existing Head Office and the need to expand to meet its growing operations. i. In the year 2011, the …

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UBA Ghana posts strong performance in Half-Year Results

  United Bank for Africa (UBA) Ghana Limited has made sterling performance for the 2023 half year results which ended in June, posting strong and impressive growth numbers.   UBA Ghana posted Profit Before Tax (PBT) of GH¢295.5million for half year of 2023 up from 91.2million within the same period …

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Naira removed from list of weakest currencies in the world, as Nigeria’s currency trades N739 against USD

Many people think that the US dollar is the strongest currency in the world. The US dollar is the most traded in terms of margin, but not the strongest currency, according to a recent report by Legit.ng. The Kuwaiti Dinar emerged as the strongest currency in a survey conducted by …

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New BoG office valued at $121 million as of 2020 – Governor Addison

The Governor of the Bank of Ghana, Ernest Addison, has explained the issues surrounding the building of a new head office. According to him, after various stages of evaluation and submission of the contract details the value of the contract approved by the Public Procurement Authority is $121,078,517.94. At a press briefing …

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CHARTERED INSTITUTE OF REALTORS TO BE LAUNCHED ON AUGUST 30

    The Chartered Institute of Realtors (CIR) is set to be launched in Ghana on the 30th of August 2023 at 10am. Africa Trade House, headquarters of the secretariat of the Continental African Free Trade Area, located in Accra, the Ambassador’s enclave, will be the venue of the launch. …

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