BUSINESS

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 …

A woman in her 50s has been busted and nearly lynched for attempting to bury her dead husband in a bush at Mankessim in the Central Region. This was after she failed to locate the relatives of her late husband, Mr. Aggrey Coffie, a popular Lotto Agent with whom she’d …

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, …

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 …