BUSINESS

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 …

  Exclusive documents secured by Joy News reveal that Power Distribution Services (PDS) paid the required $12.2 million premium to secure guarantee to finalise the takeover the Electricity Company of Ghana (ECG). However, the documents again reveal that the money never got to the reinsurers in Qatar. In the letter …

Transport operators in the country are scheduled to meet on Friday, August 2 to deliberate on whether to increase transport fares following the announced increment in the Energy Sector Levy effective today. Finance Minister Ken Ofori-Atta while presenting the 2019 mid-year budget review to parliament on Monday announced increment in …

The Supreme Court yesterday ruled that the grant of three mining leases in favour of Exton Cubic, the company belonging to Ibrahim Mahama, younger brother of former President John Mahama, is null, void and of no effect. It has, therefore, cancelled the mining lease granted Ibrahim to mine bauxite in …

Kwame Nkrumah led Ghana to independence in 1957 – the first country in sub-Saharan Africa to achieve this feat. He’s still remembered for his unrepentant anti-colonial stance and strident Pan-Africanism. Above all, he is regarded as one of Africa’s ablest statesmen of the 20th century. Nkrumah has been ranked among leaders such as Vladimir …

Dr Mathew Opoku Prempeh, the Minister of Education, has announced that Cabinet has approved proposals for a review of academic user fees of students. He said this was done last month and have been forwarded to Parliament for ratification. Dr Prempeh said this in a speech read on his behalf …

A pioneering app in South Africa lets investors, eager to benefit from rising global beef demand, buy shares in a cow from their mobile phone for as little as 576 rand ($41). Self-styled “crowd-farming” company Livestock Wealth connects investors with small-scale farmers via its “MyFarmbook” app, where they can buy …