Between 1977 and 1979, the economic conditions in Ghana had created a huge imbalance in the Ghanaian society leading to serious corruption that was nick named “Kalabule” which virtually replaced National morality in this country. Living conditions had become so unbearable that Ghanaians referred to their own country as “Ogyakrom” meaning fire town in the … Read more
A new Super Rugby season kicks off this week with bosses pledging to tackle its unwieldy conference structure, exhausting travel schedules and lopsided contests. There will be a first fixture in Samoa in June, meaning the 2017 Super Rugby season will now straddle 17 time zones and four continents. The competition will retain the much-criticised … Read more
U. S. stock index futures rose to record intraday highs on Tuesday as oil prices surged and investors assessed earnings from top U.S. retailers. Wal-Mart’s (WMT.N) shares were up 1.5 percent at $70.42 in premarket trading after the world’s largest brick-and-mortar retailer reported a higher-than-expected rise in comparable store sales. Home Depot (HD.N) rose 1.63 … Read more
U. S. food company Kraft Heinz Co (KHC.O) withdrew its proposal for a $143-billion merger with larger rival Unilever Plc (ULVR.L), the companies said on Sunday, raising questions about whether Kraft will turn its focus to another target. Kraft had made a surprise offer for Unilever to build a global consumer goods behemoth that was … Read more
PRESS RELEASE Accra-17th February, 2017- Mantrac Ghana Limited, the authorised dealers of Caterpillar products and services in Ghana has announced the graduation of the first batch of Eight (8) students for the Caterpillar Technicians for Africa Project – Ghana Edition. This comes at a time Mantrac Ghana is celebrating its 80years of dealership in Ghana. … Read more
The US food giant Kraft Heinz has dropped its bid to buy Unilever days after it rejected a $143 billion buyout offer, the companies said on Sunday. Kraft Heinz had previously signaled it would press ahead with its campaign after the British-Dutch consumer products manufacturer said the initial proposal “fundamentally undervalues” its worth. “Unilever and … Read more
The companies did not provide details of the reason for ending the discussion in a statement. U. S. food company Kraft Heinz Co (KHC.O) has agreed to withdraw its proposal for a $143-billion merger with larger rival Unilever Plc (ULVR.L), the companies said on Sunday. Kraft had made a surprise offer for Unilever in a … Read more
Kraft Heinz “amicably” agrees to withdraw plans to merge with Anglo-Dutch giant Unilever This breaking news story is being updated and more details will be published shortly. Please refresh the page for the fullest version. Join GhanaStar.com to receive daily email alerts of breaking news in Ghana. GhanaStar.com is your source for all Ghana News. … Read more
Unilever, whose brands include Marmite and PG Tips, has strongly rejected a takeover bid from US giant Kraft Heinz. The UK-based household goods maker said it saw “no merit, either financial or strategic” in Kraft’s offer, worth about $143bn (£115bn). But Kraft, which makes Heinz ketchup, indicated it would continue working on a deal, sending … Read more
Kraft Heinz said Friday it had made an offer to Dutch giant Unilever to merge both companies, creating a leading consumer goods company, but was rejected. Despite being turned down, the US company would continue working towards a deal to combine both groups, it said in a statement filed with the London Stock Exchange. “Kraft … Read more
U. S. food company Kraft Heinz Co (KHC.O) has proposed a merger with Unilever (ULVR.L) (UNc.AS), but the Anglo-Dutch consumer goods company has declined, Kraft said on Friday. “Kraft confirms that it has made a comprehensive proposal to Unilever about combining the two groups to create a leading consumer goods company with a mission of … Read more
Things are getting quite murky at the Offices of the Ghana Music Rights Organization (GHAMRO) as accusations of lack of transparency and accountability are being hurled by members to the Board and Management of the firm. While figuring out a way to bring some tranquility to the organization, another controversy is set to hit, this … Read more
The Ministry of Tourism, Culture and Creative Arts, in collaboration with the Cocoa Processing Company (CPC), on Tuesday celebrated this year’s National Chocolate Day with students of the Christ Faith Foster Home School at Frafraha in Accra. The day, which is marked yearly, was instituted to coincide with and reshape the celebration of Valentine’s Day … Read more
The former Chief of Defense Staff of the Ghana Armed Forces, Brigadier General Nunoo Mensah says he can even work with the devil if given the opportunity. The just outgone Human Security Coordinator in the previous Mahama administration who was speaking on the FNN Morning show was advising President Akufo-Addo to engage persons with a … Read more
Chocolates are one of few special supplies that are popular on Valentine Day. Despite Ghana being a producer of chocolate, it faces competition from imported chocolates which have taken over the retail chocolate industry. Citi Business News has been finding out how well Ghanaian chocolates are faring on the shelves of shops especially on this … Read more
Trading on the Ghana Stock Exchange (GSE) for the second week of February (6-10) hit marginal turbulence and as a result, the benchmark GSE-Composite Index lost 1.1 percent on a week-on-week basis, to close at 1,805.1 points. The lost represents a year-to-date return of 6.9 percent, despite the advance to decline ratio coming in at … Read more
In the Weekly Financial Markets Review for the week ending Friday, February 10, 2017, risk appetite was high on the bourse. Also, speculative deals and investor desire to take positions in blue chip stocks resulted in the prices of UT Bank, Total Petroleum, SIC Insurance, Ghana Oil, Benso Oil Palm and four others to close … Read more
The Kumasi Office of the Cocoa Processing Company (CPC), Ghana’s chocolate producers, has run out of the supply of the product ahead of the celebration of this year’s Valentine Day (Chocolate Day). Both retailers and chocolate consumers in the metropolis are getting increasingly disappointed at the shortage and have been besieging the office as they … Read more
The Kumasi branch of the Cocoa Processing Company (CPC), Ghana’s chocolate producers, has run out of supply of the product ahead of this year’s Valentine’s Day (chocolate day). Both retailers and chocolate consumers in the metropolis have expressed disappointment at the timing of the shortage. February 14, every year, Saint Valentine’s Day, has been declared a … Read more
The Kumasi Office of the Cocoa Processing Company (CPC), Ghana’s chocolate producers, has run out of the supply of the product ahead of the celebration of this year’s Valentine Day (chocolate day). Both retailers and chocolate consumers in the metropolis are getting increasingly disappointed at the shortage and have been besieging the office as they … Read more