BUSINESS

hanaians must realise the importance of savings as a cushion in times of need, Head of Information Technology at United Bank of Africa (UBA), Kwame Aduansere, has admonished. Mr Aduansere observed that the savings habit of Ghanaians was not encouraging as compared to other countries and urged the public to always endeavour to save and invest. For him, there was ...

There is likely to be a 4 percent fuel increase beginning today June 1, according to the Institute for Energy Security. Principal Research Analyst at the Institute Richmond Rockson explaining the rationale behind the likely increment said “based on the depreciation of the Ghanaian cedi by 1.18%, crude oil average price increase of $2.83 per barrel, gasoline and gasoil prices ...

Vice President, Mahamudu Bawumia, has touted the launch of a new specialised bank, the Construction Bank, as a significant chapter in Ghana’s banking industry. Delivering a keynote address on Wednesday at the unveiling of the bank in Accra, Dr Bawumia urged the Board of Directors and shareholders of the new bank to pick up critical lessons from the defunct state-owned ...

Parliament has ordered Finance Minister Ken Ofori Atta to furnish the House with information regarding the issuance of the 2.25 billion dollars bond within a week. The order is at the behest of the Minority who have maintained the issuance of the bond is shrouded in secrecy. They have also accused the minister of conflict of interest in the deal. ...

The Minority in Parliament will kick against the planned issue of a 15-year bond to clear energy sector debts if the Akufo-Addo administration does not come clean on key details about this particular bond. Speaking on Eyewitness News, NDC Member of Parliament for Yapei Kusawgu, John Jinapor, said the Minority is trying to avoid the controversy that engulfed the $2.25 ...

The former boss of the Agricultural Development Bank (ADB) Steve Kpordzih is heading to Construction Bank as its new Managing Director (MD). Mr Kpordzih is expected to lead activities at the new Bank which opens its doors to the public on 30 May 2017. Joy Business has also learnt that the former MD of the HFC Bank, Asare Akuffo will ...

The Ghana Shippers Awards few months after its launch have received tremendous participation of key stakeholders, companies and respected individuals within the shipping industry. Notable and most recent to this endorsement is the partnership with the Ghana Shippers’ Authority, an agency of the Ministry of Transport mandated by the laws of Ghana to effectively and efficiently manage Ghana’s commercial shipping ...

The ‘$2.25bn’ Templeton bond saga is a classic example of ‘PR motivated by political spin’ gone bad. I am a strong believer in institutional policy making and cringe when politicians seek to overwhelm the technical space of public relations. The art of PR makes one minded that your public is not restricted to your customers but include competition and other stakeholders. Needless ...

Government has begun the search for transaction advisor for the $2.5 billion energy bond it intends issuing soon. The shortlisted firm is expected to advise government for six month. The transaction advisor is expected to facilitate the processes leading to the issuance of a Cedi denominated long-term bond to repay the outstanding obligations of the energy sector. The successful execution ...

The Senior Minister Yaw Osafo-Maafo has called on the German government to support Ghana to deepen programmes that inures to the comprehensive development of the private sector. He noted that looking at the challenges confronting the nation the only best alternative is to mobilize resources to increase the capacity of the private sector to assume the business leadership role in ...