BUSINESS

THE ASANTEHENE, Otumfuo Osei Tutu II, has asked government to ban the use of mercury in the country’s small-scale mining sector. He said the use of mercury in gold processing was toxic hence the call for its outright ban to save human health and the environment. Speaking at the regional consultative dialogue on small-scale mining in Kumasi, Otumfuo Osei Tutu ...

NANA DWEMOH Benneh, CEO of Universal Merchant Bank (UMB), on Thursday visited the Yaa-Naa’s Court in Yendi and presented some items towards the celebration of this year’s Eid Mubarak. The visit was to formally introduce himself to the Overlord of Dagbon, Yaa-Naa Abubakari Mahama II, as the CEO of UMB. Accompanied by senior executives of the bank, Nana Dwemoh Benneh ...

The African Development Bank Group and the European Bank for Reconstruction and Development (EBRD) on Monday signed a memorandum of understanding to promote sustainable private sector development in Africa. The memorandum of understanding will help catalyse new sources of financing to help bridge the $2.5 trillion annual financing gap for development in Africa. This gap requires that development finance institutions ...

The International Monetary Fund (IMF) has said Ghana’s economy, supported by a strong policy response, is rebounding after the impacts of the COVID-19 pandemic, which affected the real GDP growth. In a statement issued and signed by its Press Officer, Lucie Mboto Fouda after preliminary findings of staff at the end of an official visit to Ghana, the IMF lauded ...

The management of Dzata Cement says it yet to announce the price of its products. It comes after widespread social media reports that the cement is selling for GHC30,  a price way below competition. Different brands of cement sell between GHC45 and Ghc50 currently in Ghana. In a statement, the Ibrahim Mahama-owned business said the public should ignore reports of  ...

This May, the African Development Bank Group is launching a call for proposals for projects enhancing the viability and sustainability of women entrepreneurship enablers. Women’s business associations, incubators, accelerators, and cooperatives that advance women’s entrepreneurship, can apply for funding for innovative projects or programs to bolster the skills of small and medium enterprises (SMEs) owned and run by women across ...

Some drivers of Bolt and Uber in the Ashanti region are threatening a week sit-down strike to demand better conditions of service. The drivers took to the streets of Kumasi today to express their grievances with their ride-hailing app companies. They insist service charges are customer biased with no regard to losses made by drivers. They also complain the service ...

An Economist at the University of Ghana Business School, Dr Lord Mensah, says Ghana’s economy has been in distress since 2017 adding that the government must reduce its appetite for borrowing from the local market. Speaking on the Morning Starr on Monday, May 10, Dr Mensah said the government must also restructure its policies and put in place policies that ...

The minister of Information, Kojo Oppong Nkrumah, says the Akufo-Addo government had to embark on extra borrowing in order to get the Ghanaian economy functioning despite the harsh impact of COVID-19. He said the media must play a role in reminding Ghanaians about the devasting impact the pandemic has had on the world economy and the need to work with ...

On the 23rd of April, 2013, Tonaton.com made its entry into the Ghanaian online marketplace space. Before its entry, the Ghanaian online marketplace industry could be described to be under-served. Saltside which is on a mission to create leading marketplaces in under-served markets made a bold decision to bring online buying and selling to the Ghanaian people through Tonaton.com. Starting ...