BUSINESS

Mining giant Golden Star has reached an important milestone as its Prestea Underground Mine in the Western region achieves commercial production. The project construction of the Prestea Underground mine, including the installation of all ancillary infrastructure has been completed. Operational and gold production is expected to continue to ramp up during the year 2018. Exploration drilling is underway at the ...

Bitcoin is proving that cryptocurrencies can erase wealth as fast as they create it. Its January slide knocked $44.2 billion off the $200 billion in market value generated in all of last year, the biggest one-month loss in dollar terms in the short history of digital assets. The cryptocurrency fell by 30% to start the year, erasing $44 billion in ...

Heads of educational institutions across the country have been schooled on prudent financial management practices to enable them manage their schools better. The programme under the auspices of SME-focused OmniBank in partnership with Catalyst Learning Limited is to equip school managers, administrators and proprietors Leadership for learning, Financial management, and Accountability. The OmniBank SME Clinic which provides training on management ...

Some cryptocurrency operators have welcomed the Bank of Ghana’s stance on the use of digital currencies saying it will protect users from fraud. The Co-Founder of Crypto Ghana, Bernard Owusu Mensah explains that the announcement will, however, least affect organisations like his that engage in the trading of digital currencies. The Bank of Ghana has cautioned the public against transacting ...

Barring any intervention by government, prices of Petroleum products will go up in February, a research analyst with the Institute of Energy Security Richmond Rockson has predicted. The caution comes after the Chamber of Petroleum Consumers (COPEC) warned of rising prices at the pumps at the beginning of the year. Prices of petroleum products have cumulatively risen to about 6% ...

The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has maintained the policy rate after meeting last week to review the health of the economy. The Committee kept the rate at which it lends to commercial banks at 20 percent. At a press briefing Monday, the Governor of the Central Bank, Dr Ernest Addison said the move was ...

  The Vice President of Ghana, Dr. Mahamudu Bawumia has assured the business community in Ghana of the passage of Companies Bill and Insolvency Bill as well as the New Payment System Bills. This came as a relieve to stakeholders in the business community when the H.E Dr. Bawumia mentioned in his remarks as the Special Guest of Honour for the 69th Annual New Year School ...

The Petroleum Commission said it has no intention of shutting down Saltpond oil fields. The area which has been described as one of the oldest oil fields in the country has witnessed some significant drop in oil production in recent times. The Director of Special Services at the Petroleum Commission, Kweku Boateng told JoyBusiness some companies have expressed interest in ...

The Minister of Lands and Natural Resources, John Peter Amewu, has disclosed that the Government will soon recruit companies to undertake operational and fiscal audits of the mining value chain to generate revenue for the country. He said the move had become necessary because Ghana was suspected to be losing huge sums of money from the mining outputs through smuggling ...

The Minerals Commission says it will adopt a three-prong objective to fulfill its vision of making the mining sector attractive for investment and for job creation. Briefing the media on the Commission’s vision on Tuesday, the Board Chairman, Sampson Kwaku Boafo, said the first goal will be to provide the necessary investment environment for Ghanaians and non-Ghanaians to invest in ...