BUSINESS

The Accra High Court has halted the construction of a cement factory, which is under the one-district-one factory initiative, at McCharty Hill in Accra following a legal action by residents of the area. In a ruling Tuesday, [September 7, 2021], the court, presided over by Justice Joseph Adu Owusu Agyeman, ordered Empire Cement Ghana Limited to cease construction of the ...

Information gathered by the B&FT has revealed that importers of refined oil palm products, particularly vegetable cooking oil, are shortchanging government by under-declaring the actual prices of their imported products at the port, despite the introduction of the 50 percent benchmark values policy which has significantly slashed the duty they pay. Data this paper has gathered has revealed that, in ...

Energy Minister Dr Mathew Opoku Prempeh has said that the establishment of a petroleum hub in Ghana will propel economic growth and prosperity for the people of this country. He said this creation will boost the petrochemical industry of the local economy. The establishment of the hub was given a major boost when the Paramount Chief of Western Nzema Traditional ...

Information Minister Kojo Oppong Nkrumah has revealed that the Ghana Investment Promotion Centre (GIPC) brought over 2.6b USD worth of investments into Ghana in 2020. He said this in relation to the ongoing GIPC Annual Investment Summit dubbed #SparkUp2021. In last year, Ghana saw a surge in Foreign Direct Investments (FDI) inflows, recording an impressive 2.6 billion dollars’ worth of inbound investments ...

MTN Ghana has appointed Mr. Shaibu Haruna as Chief Sales and Distribution Officer with the responsibility of providing strategic direction for MTN’s Sales Strategy, Operating Model, Channels distribution as well as digital sales infrastructure. He will also support MTN accelerate growth and digitalization in accordance with the company’s Ambition 2025. Shaibu is a visionary and results oriented executive with proven ...

EQUITY investor, Quick Angels Limited, has supported an indigenous paint manufacturing company to raise its daily production capacity by a dozen times to help meet demand and industrialise the economy. The company, Dominion Paints Manufacturing Industries Limited (DOPAMIL), was producing 2,000 litres of the Agatex brand of paint per day upon demand but raised it to 40,000 litres in a ...

Toyota Motor Corp said on Tuesday it expects to spend more than $13.5 billion by 2030 to develop batteries and its battery supply system – a bid to lead in the key automotive technology over the next decade. The world’s largest automaker by volume, which pioneered hybrid gasoline-electric vehicles with the popular Prius, is now moving rapidly to deliver its ...

The Managing Director of the Bank of Africa Ghana, Mr. Kobby Andah, has called on SMEs to keep proper and accurate records to enable them to prove to Banks that they are worthy to be considered for credit. “Most SMEs face difficulties in raising adequate and affordable credit from banks due to their inability to meet credit prerequisites”, he said, ...

Ghana is blessed with immense talent in all sectors of life. The country has produced world greats in almost every sector, including in the areas of governance and leadership, the arts and entertainment, sports and entrepreneurship. The enterprising nature of the Ghanaian is also evidenced in the depth of achievements that the citizens chalk up in every corner of the ...

Fidelity Bank has launched a digital self-onboarding solution for its innovative Smart Account, a minimum-effort “Know Your Customer” (KYC) requirement account that was launched in 2014 to extend financial services to the unbanked and underbanked in Ghana. The new platform has made it easy to open a Fidelity Smart Account from any location using the shortcode *776#. Through this initiative, ...