BUSINESS

The fate of the Managing Director of the Agriculture Development Bank (ADB), Daniel Aseidu hangs in the balance as a new board will be constituted soon to run the affairs of the bank. The bank on Friday, June 23 2017, effected changes to its regulations at an extra Ordinary General Meeting. Per the new regulation government which hitherto had the ...

Vice President Dr Mahamudu Bawumia has challenged the investor community to take advantage of Ghana’s competitive advantages, especially within the West Africa sub-region, to make significant investments that would bring them appreciable returns. The Akufo-Addo government, Dr Bawumia indicated, is looking for “significant investments to do big things” and is putting the necessary legislative and policy framework in place to ...

The Kenyan aviation industry supports up to 620,000 direct and indirect jobs including employment in the tourism sector, a study by the International Air Transport Association (IATA) has concluded. The aviation industry contributed nearly Sh330 billion ($3.2 billion) to Kenya’s economy, or 5.1 per cent of the country’s Gross Domestic Product (GDP), according to the IATA report. The findings are ...

The Jospong Group of Companies is the latest to donate towards the Save a Child Save a mother campaign with a promise to do more. More companies, corporate bodies and individuals continue to donate towards the Save a Child Save a mother campaign. The First Lady Rebecca Akufo-Addo in partnership with The Multimedia Group Limited has been raising funds towards ...

The Minority in parliament has described as unacceptable government’s decision not to increase the producer price of cocoa for the 2017 crop season. The Ranking Member on the Finance Committee, Casiel Ato Forson said reasons given by government for the non-payment including a drop in the world price for cocoa is unfounded. Addressing a news conference in Parliament Wednesday, he ...

The Supreme Court has overturned an earlier ruling by the Appeals court that compelled NIB to pay over 120 million dollars in Judgment debt. According to the court, ruling by the high and Appeals court has to be set aside; the identity of issuers of the promissory cannot be identitied, raising issues with the capacity of investors. More to come….. ...

The new management of the Social Security and National Insurance Trust (SSNIT) has commenced processes to audit the Trust. The move, according to the new management, aims at improving the operations of the Trust, to inform it of what new measures need to be implemented to make the Trust a viable entity within the sub-region. According to the Director General ...

Ecobank has presented almost GHC40 million as dividend payment to the Social Security and National Insurance Trust (SSNIT). This was as a result of some GHC325 million profit posted by the multinational bank in 2016. Ecobank is making the payment despite the marginal growth in its profit for last year. The state pension trust currently holds 47 million shares in ...

Last years shutdown of the Jubilee Field reduced the countrys oil and gas production by 40%, a report by the Public Interest Accountability Committee (PIAC), has revealed. According to the report, there was a 13.7% year-on-year decline in crude oil production with annual production dropping from 37.41 Million Barrels (mmbbls) in 2015 to 32.30 mmbbls. The production of indigenous natural ...

The country’s tariff structure does not provide adequate safe guard for the deprived in society as the structure exploit the vulnerable and industry said Boakye Agyarko, Minister of Energy. He explained that a deal-driven generation capacity procurement has resulted in the high average tariff for power, making the countrys power the most expensive in the West African sub region. Speaking ...