Business

Dr Joyce Aryee
Business

Dr Aryee uges govt to support mining other minerals apart from gold

A former Chief Executive Officer of the Ghana Chamber of Mines, Dr Joyce Aryee has suggested the need for government to support Ghanaians to go into mining other forms of minerals, apart from gold. According to her, there have been so much focus on gold but there are a lot […]

ENERTEC house ready to occupy
Business

EnerDynamic Hybrid Technologies Signs MOU with Groupe Nduom of Ghana

EnerDynamic Hybrid Technologies Corp. (TSX-V: EHT) (“EHT” or the “Company“) is pleased to announce that it has entered in to a Memorandum of Understanding (the “MOU“) with Groupe Nduom Limited (“GN“), a multi-national organization based in Ghana, West Africa to create a mutually-beneficial joint venture (the “JV“) in Ghana, West […]

Dr. Mahamudu Bawumia, Vice President
Business

Govt to introduce National Digital Address System

The Vice President, Dr Mahamudu Bawumia, has stated that the government will introduce the National Digital Address System to reduce the risk profile of people and improve their access to financial services. The policy, in addition to the two others — financial inclusion and the National Identification System — is […]

Francois Pujolas, France Ambassador to Ghana
Business

French businesses will troop to Ghana soon – France Ambassador

France Ambassador to Ghana Francois Pujolas says lots of French businesses will begin trooping to the country soon in response to the new administration’s pro – private sector posture. He says there are a number of companies in France that would be interested in expanding their operations to Ghana to […]

Some members of the delegation with the Dubai Department of Tourism and Commerce Marketing in Ghana
Business

Boost for Ghana’s cocoa purchases

The Dubai Chamber of Commerce and Industry has begun talks with the Ghana Cocoa Board (COCOBOD) to purchase cocoa beans from Ghana to Dubai. The discussion is also to explore how the chamber could bring investors into the country to set up a processing factory in order to add value […]

SSNIT database to fight ghost names in government payroll
Business Homeland News

SSNIT database to fight ghost names in government payroll

The perennial complaints by governments of public sector wage bills being inundated with corrupt practices such as false claims and ghost names will now be dealt with by the database of the Social Security and National Insurance Trust. Finance Minister Ken Ofori-Atta Thursday announced that from April 2017, “all workers […]

Minister of Finance Ken Ofori-Atta
Business Homeland News

Free SHS to be funded with ABFA

The planned free senior high school (SHS) programme scheduled to take off from September 2017 will be financed from the Annual Budget Funding Amount (ABFA), the Minister of Finance, Mr Ken Ofori-Atta has said. Presenting the 2017 Budget Statement and Economic Policy on Thursday, Mr Ofori-Atta said it will cost government GH¢400 […]

Dr Johnson Asiama, 2nd Deputy Governor of BoG
Business

Fraud at banks on the rise

The Bank of Ghana (BoG) is alarmed at the rising spate of card fraud and defalcation in the banking sector that is threatening the integrity of the financial system. Fraud remains a major operational risk that confronts the banking industry and the authorities are battling to contain the over 282 […]

A transaction in the local currency, Cedi
Business

Cedi loses ground to 3 currencies

The cedi lost grounds to the three major international currencies in the week ending February 24.Despite coming under pressure, the greenback appreciated by 2.88 per cent against the Ghana cedi. The local currency closed trading at GH¢4.44, representing a year-to-date depreciation of 5.71 per cent. The Euro, which stood on […]

A Market Scene in Ghana
Business Homeland News

Ghana Finds a $1.6 Billion Hole in Budget

Ghana’s budget deficit could be twice as big as previously forecast, Finance Minister Ken Ofori-Atta said a day after the government revealed a 7 billion-cedi ($1.6 billion) hole in the budget. The disclosure sent bonds tumbling. The shortfall as a percentage of gross domestic product could be close to “double […]