BUSINESS

Nigeria’s Dangote Industries Limited has sold a 2.3 percent stake in Dangote Cement to foreign buyers in a stock market deal valued at 86.1 billion naira ($236 million). The stock exchange confirmed the Tuesday’s sale, adding that a total of 416 million shares of Dangote Cement were traded at 210 naira in six off-market deals negotiated between Stanbic IBTC and ...

An astute businessman, Kwadwo Boateng Gemfi has been named as the Board Chairman of Ghana’s Exim bank. He is among eight others on the board. Speaking at the inauguration of Board on Tuesday the Deputy Finance Minister, Kweku Kwarteng charged them to pursue pragmatic policies and programs to boost Ghana’s competitiveness on the international market. He also admonished the bank ...

President of the African Development Bank Akinwumi Adesina has expressed confidence in the team Ghana’s President Akufo-Addo has put together to pursue his agenda. In a meeting with Vice President Dr Mahamudu Bawumia and Finance Minister Ken Ofori-Atta on Wednesday, August 2 2017, the leader of the ADB delegation commended government for its efforts in the past months indicating that ...

Some stakeholders in the fabrics and garments industry have welcomed government’s planned bid for new strategic partners in revamping the Volta Star Textiles Limited. According to them, revamping the company will be a huge relieve for the industry in its bid to support government’s industrialization agenda. This follows some revelations that the company is facing dire financial crises for some ...

Importers will from September 1, 2017, spend at most four hours to clear their goods from the various ports in the country, the Vice President Dr Mahamudu Bawumia has announced. This is as a result of a complete automation of the systems at the country’s ports. Addressing importers, customs officers and other stakeholders at the Flagstaff House, Wednesday, the Vice ...

Ghana saved more than $3bn in exports value following the introduction of the Letter of Commitment module (LOC) by the Ghana Community Network Services Limited (GCNet) for the Bank of Ghana. GCNet’s LOC has helped to track the repatriation of export proceeds into the country since July 1, 2016, Head of Foreign Bank Operations of the Bank of Ghana, Eric ...

Standard Chartered Bank has launched its Visa Infinite and Visa Platinum credit cards in the Ashanti regional capital, Kumasi. The Visa Infinite credit card which is the first of its kind in Ghana also marks another milestone of the bank’s 120 years of existence. Holders of the new credit cards are eligible to benefit from a whopping US$2.5million complimentary travel ...

A Ghanaian pilot, Captain Charles William Minyila has been appointed as the Chief Pilot by the board of Aero Surveys, operators of Starbow airline, an indigenous Ghanaian airliner. A statement issued by the CEO, Eric Antwi, on behalf of the board of Aero Surveys, said Captain Minyila will be responsible for the supervision of flight crew training and line operations ...

Robert Bosch Ghana Ltd, a subsidiary of Robert Bosch GmbH, has joined the growing list of companies partnering with Appolonia City, the master-planned city in Greater Accra, through the placement of the Bosch Solution Box at the development. Bosch, one of the world’s leading providers of power tools, power tool accessories and measuring tools, will roll out the Bosch Solution ...

The General Manager of Newmont Ghana’s Ahafo mine, Bernard Wessels has reiterated the company’s commitment to address the youth unemployment situation in the community. His assurance comes after the Kenyasi No. 2 Youth Association conducted a demonstration to express their concerns about youth unemployment, community investment opportunities, and environmental management in the community. The youth numbering close to eight hundred ...