BUSINESS

  The United Bank for Africa (UBA) Plc, celebrated this year’s Africa Day in commemoration of African unity with the fourth edition of its annual UBA Africa Conversations which was held virtually. This year’s topic was on “Innovating the continent for growth” as five guest speakers shared some insightful tips …

Chris Ofikulu UBA Ghana has recently been recognised for its outstanding achievements by the International Business Magazine Awards, winning two awards. The bank was named winner for Preferred Banking Platform Ghana 2023 and Preferred Bank for Business Ghana 2023. International Business Magazine is a well-established platform that recognised exceptional achievements …

Ghana’s public debt stood at GH¢434.6 billion as of December 2022 according to the Bank of Ghana’s Summary of Economic and Financial Data for April 2023. This is a reduction of GH¢141.1 billion in the country’s public debt. This represents 71.6% of the country’s Gross Domestic Product. This is a reduction …

The Ghana Private Road Transport Union (GPRTU) has asked drivers across the country to halt the proposed 10 percent reduction of transport fares for now. The union has told its members to continue charging existing fares. On May 15, 2023, there was a directive for transport fares to be reduced …

The Executive Chairman of the Jospong Group of Companies (JGC), Dr. Joseph Siaw Agyepong, has assured Ghanaians that with the advent of the Jospong Group Rice Project, the importation of rice into the country will be minimised if not stop completely. “Where we (JGC) see a problem we confront it …

The Chief Executive Officer for Goldstar Air, a private Ghanaian airline, Mr. Eric Bannerman has urged the youth in Ghana to embrace the employment opportunities available within the aviation sector in Ghana. He says as a country, there is a need to build the technical know-how of more Ghanaians willing …

The Minority Caucus in parliament has said that Ghanaians are yet to face the full consequences of the IMF deal in the coming days. Their comments come following the approval of the $3 billion-dollar loan request by the IMF board on Wednesday, May 17, 2023. The Minority believes that Ghanaians …

Finance Minister, Ken Ofori Atta, has stated that Ghana is not in a rush to go to the international capital market. Ghana has been shut out of the international capital market after its debt levels reached unsustainable levels. It had to embark on a debt restructuring programme for both domestic …

The country is on the brink of entering a period characterised by market stability and diminished uncertainties, following the International Monetary Fund’s (IMF) approval of the US$3 billlion deal. The expected disbursement of around US$600million through the IMF programme, along with other anticipated concessional inflows, is anticipated to significantly bolster the …

Bloomberg has reported that the International Monetary Fund has approved Ghana’s request for a $3 billion bailout to support Ghana’s economic recovery, according to its sources The IMF’s Executive Board met to discuss approval for the funding on Wednesday. The report however added that the announcement will be done later in the …