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BUSINESS

Government to pay coupons and principals of those who did not tender their bonds by March 13

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 …

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Ghana attracts 3 gold, 1 lithium mining firms

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 …

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Russian oil to be stashed in Ghana as pool of buyers shrinks

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 …

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McDan convicted for contempt over disputed land; fined Gh¢40,000

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 …

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Ajay Banga nominated to head World Bank

United States President Joe Biden has nominated former Mastercard CEO Ajay Banga to become president of the World Bank, hailing his business experience in his native India and his commitment to mobilizing private funds to help developing countries grapple with climate change. Biden’s nomination on Thursday all but assures Banga, …

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Genevieve Sackey named as new MD of Ghana Cylinder Manufacturing Company

President Nana Addo Dankwa Akufo-Addo has nominated a new Managing Director for the Ghana Cylinder Manufacturing Company Limited. In a letter sighted by GhanaWeb, President Akufo-Addo submitted that madam Genevieve Sackey be made the new MD of the GCML. “The president has nominated Madam Genevieve Sackey for appointment as the Managing …

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Akwaboah set to tour Canada In August 

    Ghanaian musician, Gladstorm Kwabena Akwaboah Jnr, known by his stage name Akwaboah Jnr, is set to perform in Canada.   The ‘Obiaa’ hitmaker will be touring Canada in the coming months.   The mega tour is scheduled for August 2023.   He is set to put up electrifying …

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Here are 5 ways to create generational wealth

It is the dream of every individual to secure a bright future for their children, family, and society. More often than not, persons who inherit generational wealth find it easier to navigate life. Even though you may have not been born into a family of generational wealth, you can decide …

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2000 prepaid meters ready to be distributed to Kejetia traders

Traders at the Kejetia Market in the Kumasi Metropolis of the Ashanti Region are set to receive 2000 prepaid meters from the Electricity Company of Ghana, (ECG). This comes after the traders requested individual meters at the market. The traders have on several occasions clashed with the management of the …

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