BUSINESS

Ghana cannot meet the September 21, 2017 deadline set for the migration from analogue to digital broadcasting, the Minister of Communications, Mrs Ursula Owusu-Ekuful, has said. The country missed the initial June 2015 deadline set under the Geneva 2006 agreement of the International Telecommunications Union (ITU) for countries to migrate onto the digital platform, citing delays in accessing funding for ...

The Finance Minister Ken Ofori-Atta has disclosed that government is preparing to meet the board of the International Monetary Fund later this month. A team from the IMF led by Joël Toujas-Bernaté, earlier visited Accra on the 10th of February this year to welcome the government’s intention to conduct a full audit of outstanding obligations under the External Credit Facility ...

Since 2005, Ghana continues to show steady improvements in economic growth of over 7% per year on average, making it the first African country to meet the Millennium Development Goal (MDG) 1 of eradicating extreme poverty and hunger. However, as growth has accelerated the disparities between the Northern and Southern broad regions, in terms of economic development, becomes clearer. To ...

Standard Chartered Bank has introduced the Visa Infinite Credit Card into the banking industry as a way of helping to improve Ghana’s quest to reduce the amount of physical cash flow in the country. The introduction of this new card by the bank seeks to change the culture of transacting business in Ghana and improve upon the move to a ...

The Bank of Ghana has given authorisation to GN Bank to introduce mobile money to the public. The BoG authorisation paves the way for the bank to introduce this unique service which combines mobile money with mobile banking. GN Mobile Money is unique because it is available on all networks which means that every mobile phone subscriber or user can ...

The Institute of Fiscal Studies (IFS) has expressed worry over the Minority’s insistence that there was insider-trading and conflict of interest in the issuance of the $2.25 billion bond by government in April. The IFS is warning the Minority’s multiplicity of petitions to foreign Securities and Exchange Commissions over the bond could spell doom for the country’s economy. The Minority ...

President Nana Addo Dankwa Akufo-Addo will today July 6, 2017 commission the FPSO John Agyekum Kufuor to begin production of oil in commercial quantities in the Offshore Cape Three Points (OCTP) oilfields in the Western Region. The Floating Production and Storage Vessel (FPSO) was named in honor of the former President; John Agyekum Kufuor in Singapore in February this year ...

Local pharmaceutical giants have expressed their fear of serious health implications following the decision of the United Kiingdom (UK)-based I pharmaceutical company, GlaxoSmithKline (GSK) Export Ltd, UK, to terminate its distributorship contracts with them in favour of Worldwide Health Ltd (WHL),a wholly Indian-owned company operating in Ghana Implications The local companies fear that the distribution of several critically important medical ...

The Vice President, Dr. Mahamudu Bawumia has reiterated that the US$19bn being given to the Government of Ghana by the Republic of China is not a loan but a joint venture between the two countries. Members of the minority had criticized the Nana Addo led-government for borrowing the huge amount from the Chinese which they said could plunge the nation ...

The Deputy Ranking member of the Health Committee of Parliament, Dr. Robert Kuganab-Lem has hinted that the House is set to invite the Finance Minister to answer questions on his failure to release funds to the Mental Health Authority for effective running of mental Hospitals in the country. He made this known Tuesday July 4, 2017 on Morning Starr following ...