BUSINESS

Ing. Ben Asante has stepped down from his role as Chief Executive Officer (CEO) of the Ghana National Gas Company (Ghana Gas), marking the end of a transformative era for the state-owned enterprise. Dr. Asante was initially appointed as Acting CEO by President Nana Akufo-Addo on January 30, 2017, before being confirmed in the role. Under his leadership, the company, ...

President John Dramani Mahama has reaffirmed his commitment to completing the stalled Takoradi Market Circle project in the Western Region. Addressing traders during a visit to the market as part of his “Thank You Tour” of the Western Region, the President disclosed that he will meet with contractors and the Minister of Finance, Dr. Cassiel Ato Forson, on Friday to ...

The Ministry of Roads & Highways has announced the government’s intention to reintroduce road and bridge tolls. The Kwame Agbodza-led ministry, however, noted the traditional way of collection via toll booths on roads and bridges would not be restored, in light of the convenience of technology. According to a statement by the ministry dated Thursday, February 6, 2025, signed by ...

Ibrahim Mahama, CEO of Engineers & Planners Ltd and Dzata Cement, funds part of journalist Kofi Adomah’s eye surgery in Dubai, showcasing a heartfelt act of kindness. The Chief Executive Officer (CEO) of Engineers & Planners Ltd and Dzata Cement, Ibrahim Mahama, has come to the aid of journalist Kofi Adomah, partly funding his eye surgery in Dubai. This heartwarming ...

President John Dramani Mahama has appointed Jones Borteye Applerh as the acting Chief Executive Officer (CEO) of GIHOC Distilleries Company Limited, effective January 21, 2025, to replace the dismissed Kofi Jumah. The appointment, made in accordance with Article 195(1) of the 1992 Constitution, follows the revocation of the appointment of the previous CEO, Maxwell Kofi Jumah. Mr. Applerh is expected ...

The Minister-Designate for Trade, Agribusiness, and Industry, Elizabeth Ofosu-Adjare has highlighted that the NDC’s 24-hour economy will solve the challenges that faced the ‘1 District 1 Factory’ (1D1F) policy that was started by the outgone NPP administration. Addressing the vetting panel in Parliament on Wednesday, the minister designated noted that the factories that were borne out of the 1D1F policy ...

The Finance Minister Dr Cassiel Ato Forson has assured Ghanaians that the Mahama administration will work to bring down inflation, stabilise the Cedi. He also said that the government will create jobs , foster inclusive growth, and create opportunities for all Ghanaians. “Let me emphasise that Ghana is open for business. We welcome partnerships and investments that will drive sustainable ...

The Finance Minister, Dr. Mohammed Amin Adam, was again absent from Parliament today, failing to present the anticipated mini-budget. This marks the second consecutive day that the scheduled budget presentation has been delayed since the house was recalled yesterday. The absence of the Majority Leader, Alexander Afenyo-Markin, and other key members of the New Patriotic Party (NPP) front bench further ...

TapTap Send, a major player in Africa-focused money transfers, is calling for a more collaborative regulatory environment in Ghana following a recent one-month suspension by the Bank of Ghana (BoG). The suspension, triggered by an alleged violation of banking and forex laws concerning a cedi-based wallet for Ghanaians abroad, resulted in an estimated US$100 million loss in remittances during November ...

An Economist, Dr Theo Acheampong has stated that there will be minimal impact on public finances when the e-levy and Covid levy are removed. In his analysis of these two taxes, he explained that together, they raised GHS3.259 billion or USD 296 million in 2023, accounting for 2.4% of total domestic revenue or 0.4% of Ghana’s 2023 Gross Domestic Product ...