BUSINESS NEWS

  Over 300 workers of the Aviation Handling Service Ghana, have been sent home in a redundancy exercise due to the impact of the COVID-19 pandemic. A letter titled: “Notice of Redundancy,” dated March 4, 2021 and singed by Thierry Maillot, the Managing Director to the affected staff, made available …

ACCRA, 8th April 2021 – The West African Competitiveness Program (WACOMP) funded by the European Union and implemented by the United Nations Industrial Development Organization (UNIDO) in coordination with the Ministry of Trade and Industry (MoTI) as part of boosting the cosmetics and personal care industry in Ghana has in …

Cold store operators at the Asafo Market in Kumasi, the Ashanti regional capital, say they are gradually losing their business due to the erratic power supply. According to them, they have had to dispose of hundreds of cartons of spoilt fish due to months of unreliable power supply. The traders …

The Vice-President, Dr. Mahamudu Bawumia has launched an innovative Digital Retail Fuel Monitoring System by the National Petroleum Authority (NPA) in Accra. The Fuel Monitoring System, which allows fuel in OMC tanks across the country to be monitored by NPA, will curb illicit activities in petroleum downstreaming, such as unauthorised third party …

  The first quarter (Q1) of 2021 saw the Ghana Stock Exchange top the African stock market with an annual return of 14.62% in dollar term for investors. The performance of the market translated into an improved market capitalization of GH¢57.16 billion at the end of March this year. The …

The Accra Sewerages Systems Ghana Ltd is set to expand and upgrade its liquid waste treatment plant and technologies to treat more liquid waste within Accra and its environs. The expansion project which is going to be undertaken by EMO, an environmental technology company based in France will help increase …

Ghana’s local currency has ended the first quarter of 2021 on a high note with a year-to-date appreciation of 0.6 percent to the US dollar. This means the Ghanaian cedi has outperformed some other prevalent 15 currencies in Africa making it the best performing currency. These include the Egyptian pound, …

  Energy Expert Mr Kojo Poku has blamed the problems in the energy sector in Ghana on the Ministry of Finance. He has therefore asked the general public not to question the Energy Ministry for the issues in the power sector. His comments come after the Ghana Grid Company Limited …

Co-founder of the Center for Democratic Development, Professor Baffour Agyeman-Duah has indicated that Ghana’s history of poor accountability and incessant borrowing is responsible for its current and future economic woes. Recounting what he called a “very progressive movement” in debt accumulation, Prof Agyeman-Duah, traced a steady increase in Ghana’s national …

  President Nana Addo Dankwa Akufo-Addo has reassured Ghanaians the economy will bounce back despite the ravaging effects of the coronavirus pandemic. According to him, government is determined to outline a series of measures to revive and revitalise the economy. ”I know that, as a result of the pandemic and its impact …