BUSINESS

The Volta Development Forum, a business society in the Volta region is demanding answers from the government and the Aviation Ministry as to why the Ho airport has since not been operationalized several months after domestic flight operators, African World Airlines undertook a test flight to the facility and declared it fit for purpose. At a press briefing earlier today ...

The Founder and former Chief Executive Officer of the defunct Capital Bank William Ato Essien has told the High Court in Accra that he is a “destiny and nation builder.” Ato Essien who was unable to conclude negotiations with the state to pay compensation under section 35 of the courts act and was ordered to open his defense, said, he ...

The Ghana Union of Traders’ Association (GUTA) has appealed to the government again through the Ministry of Finance and Economic Planning not to reverse the policy on the 50% reduction on the benchmark value in the 2022 budget statement. The policy was introduced few years ago to save businesses, especially, trading from total collapse due to high import duties and ...

Golden Star and Chifeng Jilong Gold Mining have announced that they have entered into a definitive agreement (the “Arrangement Agreement”) pursuant to which Chifeng has agreed to acquire all of the issued and outstanding common shares of Golden Star (“Golden Star Shares”) by way of a statutory plan of arrangement (“Plan of Arrangement”) under the Canada Business Corporations Act (the ...

Deputy Minister of Lands and Natural Resources in charge of Mining George Mireku Duker has assured that government will continue to monitor and ensure that mineral revenues are used to the benefit of communities affected by mining. He decries instances where mineral revenues are used for recurrent expenditure by assemblies in mining areas and assured such practices will cease. “Obviously, ...

African Development Bank Group President, Dr. Akinwumi A. Adesina, said on Friday that the Bank will integrate the African Continental Free Trade Area (AfCFTA) into its country and regional integration strategies. Receiving AfCTA Secretary-General Wamkele Mene, in Abidjan on 29 October, Adesina said “the implementation of the free trade area will become a key component of the Bank’s lending program. ...

President of the Ghana Union of Traders Association (GUTA), Dr. Joseph Obeng has described as laughable, assertions being made that the establishment of the Ghana Traders Bank is not feasible. According to the trading group, explanations that the Bank will not be able to reduce interest rates to as low as 20 per cent has no scientific basis hence those ...

The National Lottery Authority (NLA) says it will from today November 1,2020 begin to arrest unlicensed lotto operators in the country. It comes after the NLA completed the licensing regime for private operatrors for the year 2021/22. In a statement, the NLA said it “wishes to announce the completion of the licensing regime of all operators of private lotto (OPL) ...

Ghanaian entrepreneur Afadi Tetteh has joined calls by entrepreneurs in the country for government to create an enabling environment for small businesses to thrive. According to him, entrepreneurship does not require just money but emotional strength, mentorship, and education. Speaking on the Morning Starr with Francis Abban, the woodworker said “All we need is the enabling environments for our businesses ...

Second Deputy Governor of the Bank of Ghana (BoG), Mrs Elsie Addo Awadzi has said Ghana’s banking sector remains one of the most attractive on the continent for investors. She said the presence of pan-African banks like First Bank Nigeria and international banks here is testimony to that. She noted the sector sector is stable, profitable, and resilient, supported by ...