The minority in parliament says it is still pursuing the controversial 2.25 billion dollar bond issue by the Akufo-Addo government to prove that the bond was not issued in the right manner. It said the Finance Minister, Ken Ofori Atta failed to provide the House with full documentations as part of the requirement of the … Read more
The pound plunged Friday as the surprise election setback to Prime Minister Theresa May injected uncertainty into Britain’s negotiations with the European Union over Brexit. But London equity markets gained on the drop in the British currency, along with bourses in Paris and Frankfurt. Stocks were mixed on Wall Street, with the Dow climbing to … Read more
Allianz Ghana, an established stakeholder in the Ghanaian insurance market, in collaboration with OAfrica, presents the “Allianz Awards 2017,” a special ceremony to recognise individuals who have gone above and beyond all kinds of difficulties to achieve their dreams. This event will take place at the National Theatre, on Saturday, June 17th 2017. According to, … Read more
Pound slumped by more than two cents to $1.2717 after the exit poll was announced The pound is down sharply after early election results and the exit poll cast doubt over whether the Conservatives will win an overall majority. The exit poll forecast may not be reflected in the final result, but traders had been … Read more
The Finance Minister Ken Ofori-Atta says the controversial bond raised by government earlier this year is a net debt neutral which does not add to Ghana’s debt stock. Responding to Parliament’s demand to furnish it with details of the the 2.25 billion dollar bond, he chronicled its benefits, saying it is impacting on the economy … Read more
The deputy minister of agriculture William Agyapong Quaittoo has hinted of government’s plan to agree with neighbouring Cote d’Ivoire on fixing cocoa price at the international market. The move he said would ensure that cocoa farmers in the two countries get value for their work. Mr. Quaittoo made the statement at Akim Oda when Nyonkopa … Read more
The Finance Minister Ken Ofori Atta says the controversial bond raised by government earlier this year is a net debt neutral which does not add to Ghana’s debt stock. Responding to Parliament’s demand to furnish it with details of the the 2.25 billion dollar bond, he chronicled its benefits, saying it is impacting on the economy positively. … Read more
Allianz Ghana, an established stakeholder in the Ghanaian insurance market, in collaboration with OAfrica, will present the “Allianz Awards 2017,” a special ceremony to recognize individuals who have gone above and beyond all kinds of difficulties to achieve their dreams. This event will take place at the National Theatre, on Saturday June 17th 2017. Speaking … Read more
Businessman and CEO of the African Tiger Holdings Limited, Henri Wientjis has suggested that Ghana’s devalued currency is a blessing for the country. He argues that the depreciation of the cedi should serve as an opportunity to develop the country’s agric sector and increase exports to the advantage of exporters. Speaking at the Investment Opportunities … Read more
A legal practitioner has described as a “little outmoded” the code that prevents lawyers from touting or advertising. Martin Kpebu believes in the current technological dispensation where social media and websites abound, it will difficult for lawyers not to be part of the craze. Discussing the controversial four-year ban handed to Lawyer Francis Xavier-Sosu by … Read more
Finance Minister, Ken Ofori-Atta has corrected National Democratic Congress (NDC) Parliamentarians who are under the impression that global investment firm Franklin Templeton, is a person. The correction came on the floor of parliament Wednesday, where he explained the raising of $2.5bn on the international market last April. The Finance Minister said, contrary to accusations by … Read more
Anti-graft body Ghana Integrity Initiative has expressed conservations with Ghana’s Attorney General’s Department for accepting a GHC10,000 gift from the China Embassy. “We are not saying we don’t trust the institution to act with integrity; but if we don’t take care, a public officer might be found wanting when it comes to conflict of interest … Read more
Government is to bail out viable but struggling companies in the country, President of the Ghana Chamber of Commerce and Industry, Nana Dr Appiagyei Dankawoso II has revealed. Speaking at the Kumasi Chamber of Commerce and Industry CEO’s breakfast meeting, he said about 100 companies which have prospects but are struggling would receive financial support … Read more
Trading activity in terms of volumes on the stock market increased by 310.87% in the week under review as volumes of shares traded scaled up by 3,750,533. Further, the total values of shares traded increased to GHS 8,523,381 representing 1331.25% appreciation week on week. There were 3 gainers and 3 losers at week-close. The market … Read more
The most anticipated business festival —the Citi Business Festival will be launched today at the head office of MTN in Accra at 10 am. The festival will include a series of on-air and outdoor events on different areas of the economy. The first in the series of the business fora will focus on how to … Read more
A Circuit Court in Accra has ordered two Ghanaian celebrities David Dontoh, and Nat Brew Amandzeba, to open their defence in a case in which they are alleged to have stolen GHs93,000 cedis belonging to Africa Awake. The money, according to the prosecution, is part of some GHs150,000 cedis donated by Ghana’s late President, Professor John … Read more
The cases of financial malfeasance in public procurement have been attributed to the delay on the part of government to pay contractors. There have been many cases in recent times where the cost of some government projects have been bloated, causing the country to lose a lot of revenue. Some of these projects include the … Read more
European stocks slid on Tuesday as political risk once again returned to the fore with Italy nearing a deal for early elections and a fresh game of chicken over Greece’s bailout keeping investors on edge. “Investors have returned after a long weekend to fresh economic concerns for the eurozone — centered on problem countries Greece … Read more
The cases of financial malfeasance in public procurement have been attributed to the delay on the part of government to pay contractors. There have been many cases in recent times where the cost of some government projects have been bloated, causing the country to lose a lot of revenue. Some of these projects include the … Read more
Scores of youth, commercial drivers and the elderly in Ablekuma Manhean, Oduman, Nsakina in the Greater Accra Region yesterday protested the bad condition of their roads. The main road from Ablekuma Curve through Manhean to Afoaman and its adjoining communities have been nothing short of a disaster. The visibly angry protesters set a bonfire on … Read more