BUSINESS

The Ministry of Lands and Resources has indefinitely closed down the Ghana Manganese Company Limited (GMCL) citing huge loses to the state for the period of 2010 – 2017. The decision, according to the sector Minister, Kwaku Asomah-Cheremeh, follows the apparent lack of transparency in the operations of some mining …

The Minister of Finance, Mr. Ken Ofori-Atta, has bemoaned the rate at which Africa’s economies are growing, explaining that the pace is too weak to contain the bulgy unemployment situation on the continent. He has, therefore, pledged to work with finance ministers and governors of central banks in Africa to …

Sérgio Pimenta, IFC Vice President for the Middle East and Africa, says Ghana can be one of the fastest-growing economies in the world if the government maintains its prudent economic management system. He noted that looking at the financial performance of Ghana – the numbers, the macro framework and the …

The Ogun State Police Command on Saturday said it rescued one of the five Pastors abducted by suspected Fulani herdsmen. The Command, in a statement by the Police Public Relations Officer, DSP Abimbola Oyeyemi, said one of the victims, Deaconess Ibelegbo Chidinma, was rescued unhurt. He assured that the remaining …

There have been some speculations on the composition and credibility of the Ghanaian local consortium holding 51 per cent of the shares in the Power Distribution Services (PDS) Ghana Limited with some suggesting that a group of barbers at Osu in Accra are the ones behind it.The government on Tuesday …

The killing of a policewoman, Corporal Agatha Nana Nabin, at a checkpoint on Tuesday, has set the rumour mill agog in the Northern Regional capital of Tamale, with various theories being propounded. An investigation The Chronicle is conducting has landed on two divergent speculations, and wonders if the policewoman was …

Government is seeking an amount of $1.5 billion for the purchase of Cocoa beans for the 2019/2020 crop season. In a motion tabled before parliament, Cocobod wants receivables backed trade finance facility from a consortium of banks and financial institutions. It’s expected that the motion would be approved later today …

Launched to a hugely positive reception on 14th July 2019, the Societe Generale Ghana bank 2019 ‘Deposit and Win Promotion’ has gone from strength to strength with customers from all across Ghana participating for their chance to win amazing prizes including 3 brand new Suzuki Balenos, trendy smartphones, large screen …

The Bank of Ghana (BoG) would in coming weeks move in to “close down” some “troubled” Savings and loans companies that are facing “serious” financial challenges. This is based on some engagements that central bank have had with these institutions over their “worsening” financial position; which has necessitated the regulator …

The Bank of Ghana (BoG) would in coming weeks move in to “close down” some “troubled” Savings and loans companies that are facing “serious” financial challenges. This is based on some engagements that central bank have had with the these institutions over their “worsening” financial position; which has necessitated the regulator taking action. Bank …