BUSINESS NEWS

Government will today start the process for the issuance of seven-year treasury bonds with the opening of the book-build. This follows the release of an initial pricing guidance for the bond issuance through the Ghana Stock Exchange, yesterday. According to an announcement made by the Bank of Ghana on Friday, …

The Government of Ghana is requesting for a Parliamentary approval to loan US$1.3 billion to finance the purchase of cocoa for the 2020/2021 crop season. This follows the regulator of cocoa, Ghana Cocoa Board (COCOBOD) given the strongest assurance that its annual cocoa syndication loan facility will go ahead despite the COVID-19 pandemic. …

The inter-agency Taskforce on foreign retail trade set up by Government to enforce compliance of trade regulations on foreigners engaged in retail business in the country will commence its operations today. Consequently, all foreign retail shops closed by Ghana Union of Traders Association (GUTA) for flouting Section 27 of the …

Minister of Communication, Mrs Ursula Owusu-Ekuful, has disclosed that Ghana has saved US$1.1 million monthly since the introduction of the Kelni GVG Common Platform. She explained that, over the five-year contract period, “a total savings of US$66 million” would have accrued. Kelni GVG was a government contract worth US$89 million in …

While most teens in Junior High School or Primary are beginning to think about what they want to do as work in future, a Yawamatwa 11-year-old girl is well into her aspiring career after finding her niche at a barbershop. The 11-year-old barber identified as Suzy Armah was spotted at …

Food prices in the major and satellite markets in the Kumasi Metropolis, have generally remained stable over the past few weeks, despite the recent increases in lorry fares across the country. A market survey conducted by the Ghana News Agency in Kumasi has indicated that prices of most vegetables and …

Former President John Mahama has criticized the way and manner the Akufo-Addo administration handled the banking crisis. He said the government could have spent GH¢9 billion to save the banks rather than allowing them to collapse and to pay deposits of customers to the tune of GH¢22 billion. In 2017, …

Former President, John Mahama has said the Akufo-Addo administration has borrowed more than any other government since independence yet with no corresponding projects. He said the government would have been pardoned for what he described as excessive borrowing if there were development projects to show for. In his view, the …

Government’s policy to reduce the Communications Service Tax (CST) to 5 percent, provide free water for another three months, and pay the electricity bills of lifeline consumers and other fiscal populist strategies should be scrapped as the economy cannot raise enough revenue to support it, hence, increasing debt levels, the …

ECOWAS Bank for Investment and Development says it has invested over $300-million into Ghana’s economy. Areas of investment, the bank said to include, Energy, Trade, Technology, Tourism, and hospitality industry.Dr. George Nana Agyekum Donkor, the President of the Bank, made this known when he and other staff of the bank …