BUSINESS

The Minister for Foreign Affairs and Regional Integration, Shirley Ayorkor Botchwey, has underscored the need for Ghana and other African countries to work towards the operationalisation of the Africa Continental Free Trade Area (AfCFTA) despite the impact of the COVID-19 pandemic. Presenting a statement on the floor of Parliament on Tuesday, May 26 to mark the occasion of Africa Day, ...

The devastating impact of COVID-19 on the poultry sector, particularly market destruction continues to get worse in each passing day, resulting in egg glut across production areas like the Dormaa enclave in the Bono Region. The consequential effects of COVID-19 pandemic in the country and its containment restrictive measures such as closure of schools, ban on social gatherings and hospitality ...

Leadership of the Public Services Workers’ Union, (PSWU) of the Trades Union Congress, (TUC) has locked horns with CEO for the Ghana Trade Fair Company, GTFC Dr Agnes Adu over what the Union terms “unconventional mass termination of appointments of some 23 staff of the Company. The workers have been laid off “terminated” supposedly as a result of the Ghana ...

The Human Rights Division of the Accra High Court presided over by Justice Gifty Agyei Addo has dismissed an application by the Bank of Ghana (BoG) seeking to halt proceedings in a case initiated against it by HODA Holdings. The Central Bank was challenging the decision of the High Court that dismissed their claim earlier that the High Court lacked ...

The Gauteng Department of Health on Sunday confirmed that 53 employees at AngloGold Ashanti’s Mponeng mine in the Merafong district have tested positive for Covid-19. According to the latest update on the company’s website, the number of positive cases has now been confirmed as 164, of which the vast majority are asymptomatic. All positive cases will be isolated in line ...

During the first quarter of 2020, the Asanko Gold Mine (AGM) sold 67,820 ounces of gold at an average realized gold price of US$1,542/oz. Revenues totalled US$104.8 million, an increase of US$37.8 million from Q1 2019. The increase in sales proceeds was a function of higher sales volumes and higher average realized gold prices in Q1 2020, the company said. ...

Mobile Telecommunications Network (MTN) has mounted a fierce defence for the rights of the over 15 million persons who subscribe to its communication network and other services. The defence was contained in an affidavit that the telecommunication giant filed in a case at the Human Rights High Court in Accra on May 20, 2020. “[We are] aggrieved by the attempt ...

Embattled founder of the defunct Capital Bank, Ato Essien, is willing to refund GH¢27.5 million back to the state, his lawyers have said. Willaim Ato Essien is standing trial for allegedly collapsing the bank. The GH¢27.5 million is what the state has accused Essien of using as business promotion and which he allegedly carried in jute bags to be distributed ...

The Managing Director and Executive Vice President for Tullow Ghana, Kweku Awotwi is set to retire at the company after reaching 60. Mr Awotwi will, therefore, leave the firm next month. He will be replaced by Wissam Al Monthiry, a Canadian, the company announced in a statement. Dr Kweku Awotwi was appointed on March 1, 2018, and took over from ...

The Integrated Customs Management Systems (ICUMS) to be deployed by UNIPASS is ready to take-off at the Tema Port. Ghana Revenue Authority (GRA) Ghana Link Network Services Limited and the Ghana Ports and Harbours Authority (GPHA) have successfully conducted a simulation exercise for the new Integrated Customs Management Systems (ICUMS) at the Port. The exercise which included the Meridian Port ...