BUSINESS

Indigenous pharmaceutical companies are on the verge of extinction as global pharmaceutical companies terminate distribution contracts and hand the contracts to companies said to be foreign distributors operating in Ghana. Data compiled indicates that the market has grown to $522m in 2014 at a growth rate of 54% in cedi terms and 10% in US dollar terms. Information gathered by ...

Indigenous pharmaceutical companies are on the verge of extinction as global pharmaceutical companies terminate distribution contracts and hand the contracts to companies said to be foreign distributors operating in Ghana. Data compiled indicates that the market has grown to $522m in 2014 at a growth rate of 54% in cedi terms and 10% in US dollar terms. Information gathered by ...

Rating agency Standard & Poor’s has revised Ghana’s outlook from stable to positive while affirming its ‘B-‘ long-term and ‘B’ short-term foreign and local currency sovereign ratings on the country. The outlook on the long-term ratings was revised to positive from stable. In general, a credit rating is used by sovereign wealth funds, pension funds, and other investors to gauge ...

Over 700 former workers of the now defunct UT and Capital banks are set to lose their jobs as the takeover bank GCB has begun issuing out termination letters. The affected staff have already received letters asking them to proceed home. Starr News understands GCB is only retaining clerical and top management staff of the collapsed banks. Sources have also ...

The Executive Director of uniBank Ghana Limited Clifford Mettle has dismissed as factually inaccurate claims by the management of Korle-Bu Teaching Hospital (KBTH) that the bank’s operations are hurting the facility. According to him, the operations of the bank at the KBTH were rather aimed at streamlining revenue collections there and also afford it the ability to have its billings ...

Secretary-General of the Commonwealth Telecommunications Organisation (CTO), Shola Taylor said he is highly impressed with the collaboration between the public and private sector organization that constituted the Ghana delegation to the ongoing ITU Telecom World Conference in Busan, South Korea. Ghana’s delegation, led by Deputy Communications Minister Nenyi George Kojo Andah, comprised of five public sector institutions, two private sector ...

The Chief Executive Officer of the National Petroleum Authority (NPA) Alhassan Tampuli has said the high demand for fuel in the US, particularly in Texas and Florida, following the devastation caused by hurricanes Harvey and Irma, is to blame for the rising cost of fuel in Ghana and other parts of the world. He told Moro Awudu on Class91.3FM’s Executive ...

In less than 24 hours, the International Tribunal for the Law of the Sea (ITLOS) will settle the disagreement between Ghana and Cote d’Ivoire over an area where Ghana is currently undertaking oil exploitation. The arbitration process started in late 2014 after Ghana dragged Cote d’Ivoire to the ITLOS, the judiciary arm of the United Nations (UN) Convention on the ...

The annual All Africa Business Leaders Award has nominated Dr Joseph Siaw Agyepong, Executive Chairman of the Jospong Group of Companies as a Finalist for “Business Leader of the Year”, West Africa division. The award is set to honour business excellence and leaders who have made a considerable impact on their industry and community. The All Africa Business Leaders Awards ...

Ghana’s only 4G mobile network operator, MTN, has urged individuals, institutions and businesses to appreciate the importance of data service in every activity they undertake. This was revealed at the launch of its annual internet festival, MTN iFest at the Kumasi City Mall in the Ashanti region. The seventh edition of the MTN iFest has been designed to propagate the ...