BUSINESS NEWS

Petrol currently selling at almost GH¢10.10 per litre Crude oil currently trading at 117 dollars a barrel Diesel selling for GH¢12.20 Data from the Bulk Oil Distribution Companies have indicated that petroleum prices are expected to fall with some components expected to rise. Petrol and LPG are expected to fall …

The total value of attempted fraud reported by Banks and Specialised Deposit–Taking Institutions (SDI) for the year 2021 has amounted to GH¢113 million, as compared to GH¢1billion reported in 2020. Out of this amount, a loss of GH¢61million was recorded, as compared to a loss of GH¢25 million in 2020, …

A painful financial journey has ensued for at least 12 million East Africans who are now counting, in billions of dollars, losses both from the cryptocurrency market crash and a series of related Ponzi ‘get-rich-quick’ schemes that have unfolded in the wake of the crisis. As extreme market conditions force …

The Trades Union Congress (TUC) has entreated the Public Utilities Regulatory Commission (PURC) not to approve the proposed tariff increases presented by the utility companies. According to the union, the country is in challenging times and so any astronomical increase in tariffs could trigger social upheavals. The TUC made it’s …

Chinese company sues Ghana government in London court Company reportedly demanding in excess of US$50 million Government abrogates Beijin Everyday contract and hands it over to Huawei Member of Parliament for Adaklu, Kwame Governs Agbodza, has cautioned that government risks attracting a judgment debt over the abrogation of an international contract involving a …

The Ghanaian pilot who is on record to have flown the biggest passenger aircraft in the world which is said to belong to Emirates has quit his job with Emirates. Solomon Quainoo has joined McDan Aviation. He made this announcement via his social media handles saying “Goodbye Emirates, Hello McDan”. …

Majority Leader, Osei Kyei-Mensah-Bonsu has commended the management of Dzata Cement Limited for the bold initiative to enter the cement manufacturing industry which has been a monopoly in the country. “Thus far we are most impressed with what we have seen, and the efforts being made to expand the cement …

The Tema Oil Refinery (TOR) has been given the go-ahead by the Government through the Minister of Energy to refine crude oil with a private investor, Decimal Capital Limited. Announcing this in a statement copied to the Ghana News Agency in Tema, the Management of TOR said Decimal’s proposal emerged …

Scores of travellers are stranded at the VIP bus terminal in Accra due to the unavailability of buses to convey them to various destinations. Most of the passengers are travelling from Accra to Kumasi and Sunyani. Some passengers complained that the terminal should have anticipated the high demand on a …

COVID-19, Russia-Ukraine war affecting businesses Avoid giving out discounts at the start of your business, here’s why Why a good management structure is important for your business Following the outbreak of the global pandemic – Coronavirus and the recent Russia-Ukraine war, businesses across the globe have suffered its rippling effects. …