BUSINESS

Mrs Jemima Oware, the Registrar-General, on Monday, inaugurated the Bono Regional Office of the Registrar-General’s Department to make services accessible for prospective clients. The Bono Regional office would undertake the registration of companies, industrial properties and marriages. At a short ceremony in Sunyani, Mrs Oware indicated the Department’s commitment to decentralise its operations across the country. Currently, the Department, she ...

Following in the footsteps of its competitors, carmakers Mitsubishi and Suzuki are planning to establish assembly plants in the country, CFAO Motors Ghana, local distributor of the two vehicle brands, has said. “Our group is working on that; obviously by the start of 2021 we will be present as an assembly plant [in the local market] also,” Managing Director Paulo ...

Jobberman Ghana has a new CEO, Kwaku Agbesi. His appointment takes effect from September 1, 2020. Kwaku brings to the team combined experiences from Google, General Electric and Apple in sales and marketing, as well as holistic management skills, which makes him the absolute frontrunner for this position and a huge addition to the team. With Kwaku’s appointment, Jobberman Ghana ...

Government has released an amount of GHC3.5 billion to pay depositors of banks and microfinance which were collapsed. The payment will begin tomorrow Wednesday, September 16, 2020. “Notice is hereby given that with effect from Wednesday 16 September 2020, affected depositors may contact any branch of Consolidated Bank Ghana Ltd (“CBG”) the paying bank to access their newly created Cash ...

People’s Pension Trust, an award-winning corporate trustee have today launched iCARE Pension, an innovative feature of the PPT Personal Pension Scheme in commemoration of Pension Awareness Day. iCARE Pension will allow anyone to easily set up and contribute to the pension of someone they care about-such as a family member, a domestic worker, a taxi driver or even the neighbourhood ...

The Ministry of Finance has described as unfortunate the recent downgrade of Ghana’s credit rating from B to B-negative by the international ratings agency, S&P Global. It said in a press release issued yesterday that while it recognised that the downgrade was widespread — affecting other countries worldwide — it found it disturbing that rating agencies would choose that path ...

President  Akufo-Addo has pledged to do whatever is necessary to strengthen the already-strong relations between Ghana and the Federal Republic of Nigeria. According to President Akufo-Addo, it is important for the progress of West Africa and, indeed, Africa, that Ghana and Nigeria are seen to be working together, and has assured that the two countries will continue down that path. ...

Thirty-Nine (39) out of 40 retail shops owned by foreigners in Koforidua visited by the Technical sub committee on the Committee on Foreign Retail Trade were found not to have the necessary documents to do business in Ghana Owners of the shops have been issued a 14-day ultimatum to regularize their documents with the appropriate regulatory bodies or risk being ...

The market continues to leave investors frustrated as stocks were down 18.19% YTD from the start of the year to the end of August. Financial stocks were down 16.15% over the same period. Below are how stocks performed for the month of August and for the year as a whole.   Equity August Performance YTD Intravenous Infusions (IIL) 25% 0% ...

The Ghana Hotel Association says it has not received the promised stimulus package from government in the wake of COVID-19. According to President of the Association, Edward Ackah Nyameke, hotels in the country are struggling and will not be in the position to handle the influx of numbers following the reopening of the Kotoko International Aiport. “As we speak, I ...