BUSINESS

Trade and Industry Minister, Mr. Alan Kyerematen, has said factories to be built under the ‘One District, One Factory’ policy initiative by the NPP are not to be owned by the State and will partake in commercial activities as legal entities created by private investors. “When we talk about one factory in every district, this is not to mean that ...

Joy News Editor Israel Laryea has been attacked by a section of Ghanaians after running a story on Menzgold’s operations in the United Kingdom (UK). The CEO of Menzgold, Nana Appiah Mensah insulted Laryea on Instagram for his report. Laryea responded and urged the gold dealer to remain “focused”. However, a visit by Ghpage.com to the UK office of Menzgold ...

The Bank of Ghana (BoG) has defended the performance of the cedi, saying the currency remains competitive and is one of the strongest amongst its peers within the emerging market economies space. Governor of the bank, Dr Ernest Addison said the Ghana cedi had in the last year performed better than its peers. He observed that while the cedi depreciated ...

The Bank of Ghana (BoG) has thrown its weight behind the Securities and Exchange Commission (SEC) for shutting down gold-trading firm Menzgold Ghana Limited. SEC ordered the company to suspend its gold vault marketing operations over certain regulatory infractions, a situation which the legal advisor to the gold-trading firm, Kwame Akuffo, said smacked of unfairness. In a recent press interaction, ...

The Bank of Ghana (BoG) has denied claims that it intends pumping U.S$6 million into gold-trading firm, Menzgold Ghana Limited, on behalf of the government of Ghana toward rescuing the embattled firm. “That rumour about BoG putting dollars into Menzgold, obviously, this is just misinformation and I don’t think there is any basis for that,” Governor of the BoG, Dr ...

One of Ghana’s favourite stout, Guinness Foreign Extra Stout, has delighted the thousands of foodies who thronged this year’s Accra Food Festival with an array of meals and cocktails made with the popular beverage. Guinness Ghana Breweries Ltd., in partnership with Yolo Experiences – restaurant owners of Coco Lounge, Urban Grill and Carbon, gave Ghanaians a bold food experience made ...

A former minister of Finance Seth Terkper has said he saw prices of fuel going up moments when the New Patriotic Party government abolished the strategic stock policy. According to him, the policy was established by the previous administration to cushion the prices in times of shocks on the global market. Prices of fuel have ballooned to GhC5 per litre ...

The Trades Union Congress (TUC) is on the neck of government to cut certain levies contributing to rampant increase in fuel prices. Fuel prices at the pumps have shot up to GHC5 per litre causing a lot of public uproar with the opposition National Democratic Congress (NDC) asserting government is being insensitive to Ghanaians. In a statement, the umbrella body ...

Vice President Dr. Mahamudu Bawumia has described as scary the performance of the opposition National Democratic Congress (NDC) whilst in office, urging Ghanaians to reject them in election 2020 and subsequent polls. “The NDC in government after 8 years in office is one that Ghanaians could and should no longer tolerate,” Dr Bawumia said Monday at the ongoing National Policy ...

Most bankers or personnel working for financial institutions survive on sugar mummies and daddies due to the unnecessary extravagance attached to their work, a banker has revealed. According to Nana Yaa, an employee with one of the banks in Ghana, bankers are made to live beyond their means, which generally puts undue pressure on their finances. “As bankers, before we ...