BUSINESS

Ghana’s total Public debt has hit GhC 200 billion as at May, the Central Bank announced in its latest Summary of Economic Data. This means government borrowed about GhC 2 billion alone last month. The minority in parliament had earlier warned the debt stock has reached 200 billion cedis last …

Ghana and Cote D’Ivoire have lifted the suspension of cocoa sales for the 2020/2021 season, effective July 16. The decision was contained in a joint communiqué issued and signed by Mr. Joseph Boahen Aidoo, the Chief Executive of the Ghana Cocoa Board, and the Chief of Cote d’Ivoire’s Coffee and …

Traders at the Kumasi Central Market want city authorities to reduce the amount to be charged before they are relocated to the newly constructed Kejetia terminal to allow for construction works to begin for the phase two of the Kejetia Central Market redevelopment project. They are also calling for a …

Leadership of the Ghana Union Traders Association (GUTA) is to blame for the influx of foreigners in Ghana’s retail sector, a situation that contravenes the Ghana Investment Promotion Centre (GIPC) Act, Mr Murtala Mohammed, a former Deputy Minister of Trade and Industry, has said. Mr Murtala explained that when he …

Nigeria will soon begin the implementation of a guideline to have all states registered for the basic healthcare provision fund, according to the minister of health Isaac Adewole. Adewole told the Nigerian Senate on Tuesday that the implementation would be sooner than expected when he appeared to speak on the …

Some players in the energy sector say the withdrawal of ExxonMobil and British Petroleum from the bidding process for oil blocks is disappointing. The two international oil companies had earlier submitted applications for direct negotiations for block 5 and 6 in the ongoing licensing bid round but pulled out at …

The International Monetary Fund has said that Ghana had the equivalent of $400m in it reserves at the time it requested for the Fund’s support back in 2014. That meant the country had around seven days’ worth of imports in net foreign exchange reserves, according to Resident Representative to Ghana, …

Customers of Gold Coast Fund Management in the Ashanti Region have called on President Nana Addo Dankwa Akufo-Addo and the government to intervene and help them retrieve their locked-up investment from the owner of the company, Dr Papa Kwesi Nduom.The aggrieved customers say all attempts to get their locked-up investments …

The Africa Center for Energy Policy (ACEP) has urged government to, as a matter of urgency, review all existing Petroleum Contracts and their deliverables to ensure that companies who are not complying with their contracts are sanctioned appropriately. According to ACEP, out of the 15 active Petroleum Agreements, beyond the …

The Minority Leader Haruna Iddrisu has described the Trade and Industry Ministry’s planned sale of the Komenda Sugar Factory as a rip-off. The Tamale South legislator said the decision to sell the Indian government-financed entity defies logic and has the potential to damage the existing relationship between the two governments. …