BUSINESS

Bharti Airtel’s board on Wednesday cleared the sale of its Ghana joint venture –AirtelTigo- to the government of Ghana, and is taking an impairment charge of Rs184.1 crore for the transaction. “The parties are in advance stages of discussions for conclusion of the commercial agreement for the transfer of AirtelTigo on a going concern basis to the Government of Ghana,” ...

Finance Minister Ken Ofori-Atta has said the government will not hesitate to step in to tackle any challenge that may rear its head in the banking sector that can lead to economic downturn again. He told TV3’s Etornam Sey in an exclusive interview on Monday October 26, 2020 that the financial sector is the heart beat of every economy globally. A weak ...

Finance Minister Ken Ofori-Atta has described the projections made by the International Monetary Fund (IMF) regarding Ghana’s debt situation as merely statistical. He told TV3’s Etornam Sey in an exclusive interview on Monday, October 26 that the government of Ghana was not too concerned about the debt because attention was focused on spending the funds to protect Ghanaians against the ...

The first step towards bringing the fiscal deficit down from a targeted 11.8 percent of Gross Domestic Product for 2020 to 9,4 percent for 2021 will be taken on Wednesday, October 28 as the Finance Minister, Ken Ofori-Atta presents an appropriation bill to Parliament This is the traditional practice in Ghana preceding general elections every four years; because the incumbent ...

Dean of the Business School at the University of Cape Coast (UCC) Professor John Gatsi has dismissed comments by Finance Minister Ken Ofori-Atta suggesting that the projections made by the International Monetary Fund (IMF) regarding Ghana’s debt are merely statistical. Ken Ofori-Atta told TV3’s Etornam Sey in an exclusive interview on Monday, October 26 that the government of Ghana was not too concerned ...

Minister of Information, Kojo Oppong Nkrumah, has debunked claims that Ghana has once again been ranked in the category of Highly Indebted Poor Countries (HIPC). According to him, the numerous publications making rounds on social media purporting that the country has returned to HIPC is false. Speaking at the Nation Building Updates on Tuesday in Accra, the Minister noted that ...

An Economist and Professor of Finance at the University of Ghana Business School, Godfred Bokpin, says Ghana’s return to HIPC (Highly Indebted Poor Country) is not surprising. The World Bank has listed Ghana in the Category of the Highly Indebted Poor Countries on its website. A report projects Ghana’s debt to GDP which currently stands at 68.3% will hit 76.7% ...

Customers of Menzgold have threatened to sue government over their locked up funds. It comes after Vice President Dr. Mahamudu Bawumia stated categorically that the Akufo-Addo government will not pay them with taxpayers money. “Menzgold is not a licensed financial institution. We are talking about licensed financial institutions but if you set up your 419 institution and the Bank of ...

A panel of astute international and locally-based professionals in the creative arts and entertainment industry will Thursday, October 29, 2020 share insights with industry players on how to monetise their content in the digital world at the MTN Digital Music Conference live on MTN’s Facebook and YouTube pages from 2:00pm. Leading the discussions will be the Chief Executive Officer (CEO) ...

Challenges Ghana invites you to the SME info session on Youth to Work on Thursday, 29th October, 2020 at exactly 1pm. It is intended to provide clarity, address concerns and questions of SME’s who will be interested in taking part in the Standard Chartered Youth to Work Programme. The Youth to Work programme is a global initiative driven by the ...