BUSINESS

A Brazilian Construction firm “Contractor” has terminated appointments of over 1,500 construction workers employed for the Construction of the Kumasi Central Market, Kumasi International airport, and the Komfo Anokye Teaching Hospitals Mother and Baby Units (MBU). The firm from December 2022 commenced staff appointment termination in monthly batches in accordance …

  Mrs. Jemima Oware, the Registrar of Companies, has called on businesses to disclose their beneficial owners in line with the Companies Act, 2019 (Act 992) to promote transparency and provide a level playing field for the business community in Ghana. The beneficial owner is an individual (a natural person …

    The Global Chamber of Business Leaders (GCBL), the world’s leading coalition of governmental leaders, CEOs and executives, has appointed some new delegates.   The new appointees are: Jakir Chowdhury who is serving as delegate for Bangladesh, Joanna James, the delegate for Australia, and Prof. Robinah K. Nanyunja, who …

The former Chief Executive Officer of defunct UT Bank, Prince Kofi Amoabeng has accused President Nana Addo Dankwa Akufo-Addo and Finance Minister, Ken Ofori-Atta of backstabbing him. According to the former banker and soldier, he has always struggled to come to terms with the events surrounding the revocation of UT Bank’s operating licence …

The management of GCB PLC has assured its customers on the Controller and Accountant General’s Department’s (CAGD) payroll that February 2023 salaries have been processed and credited to their accounts. The management in a statement, apologized to the affected customers. In an earlier tweet, the bank had expressed concerns over …

The pump price of Liquefied Petroleum Gas (LPG) is expected to increase by about 4.36% from the current average of 13.86/kilogramme to ¢14.46/kg, the Chamber of Petroleum Consumers (COPEC) has projected. It also said from Wednesday, 1 March 2023, the prices of petrol and diesel are expected to fall by …

The government has announced the settlement and listing of newly issued bonds which will become the new benchmark bonds for the fixed-income market. According to an update from the Finance Ministry on February 27, 2023, it stated that it would work with the relevant stakeholders to ensure that the new …

Total of four new large-scale mining companies are expected to start operations in the country within the next 24 months, the Minister of Lands and Natural Resources, Mr Samuel Abu Jinapor has announced. According to him, the new mines will comprise three gold mining firms and one lithium mining com­pany and would …

A cargo of Russian oil is heading for storage tanks in Ghana, a nation that exports crude itself and is on the doorstep of two regional supply powerhouses. The development suggests that traders could be scouring the market for new buyers of Russian barrels after the European Union stopped almost …

Businessman and Chief Executive Officer of McDan Group of Companies, Daniel McKorley, has been convicted by the Accra High Court for contempt. Daniel McKorley affectionately called McDan was found guilty after the court held that he had deliberately disobeyed orders of the High Court over a disputed parcel of lands …