BUSINESS

Former Legislator for La-Dade Kotopon Constituency, Nii Amasah Namoale, has described as ”useless and needless”, an FX Development Committee, set up by the government to investigate the fall of the local currency. Namoale said the institution of the Committee is a waste of time since they are not likely to proffer any better solution to the cedi’s depreciation against the ...

An investment guide for technology entrepreneurs in Ghana has been launched to support and enhance their operations to become successful businesses. The “Scale Up! Entrepreneur’s Guide to Investment in Ghana” is designed to provide early to mid-stage entrepreneurs operating in the tech sector with the requisite information required to navigate the Ghanaian entrepreneurial ecosystem and investment landscape. This guide provides ...

Ghana’s export and industrialization drive is likely to experience major setbacks in the wake of the government decision to borrow US$100 million credit facility from offshore investors to support the operations of Ghana Exim bank, (GEXIM). According to the Economic Watch Africa, the government would mortgage the country’s industrialization, especially the One District, One factory if it fails to suspend ...

Minority Leader, Haruna Iddrisu has said that the National Democratic Congress will control cedi depreciation through expanded exports aside using fiscal and monetary policy when John Dramani Mahama returns to power after the December 7 elections unlike the current government. He said Dr. Bawumia’s promise to arrest the cedi was just an imagination as he thought he could control the ...

The embattled Chief Executive Officer of defunct Beige Bank Mike Nyinaku has been admitted at the Police Hospital in Accra after he fell ill Thursday, police prosecutors have told the court. Mr. Nyinaku is being prosecuted by the state over his role in the collapse of the bank. He was denied bail after he was arraigned on Monday. Beige Bank ...

The founder of the UniBank, Dr. Kwabena Duffour, is seeking an interlocutory injunction from the court to restrain the Ghana Police Service over what he describes as “unlawful threats and harassment” following an invitation from the Crime Investigation Department (CID) last week. According to the embattled businessman cum politician, he was summoned with a letter from the Special Investigation team ...

The Circuit Court hearing the case against the CEO of the defunct Beige Bank Mike Nyinaku has granted him bail. The bail condition was set at GHC352 million with two sureties who are public servants earning not less than Ghc 2,000.00. The accused person is to submit his passport to the registrar of the Court and will be required to ...

One of the aviation world’s most hotly anticipated planes, the Airbus Beluga XL, has entered full-time service, having made its first operational flight on January 9, 2020. At a time when jumbo passenger airliners such as the Airbus A380 and Boeing 747 are on their way out, the Beluga XL — the first of six — will be one of the biggest ...

The US and China have signed an agreement aimed at easing a trade war that has rattled markets and weighed on the global economy. Speaking in Washington, US President Donald Trump said the pact would be “transformative” for the US economy. Chinese leaders called it a “win-win” deal that would help foster better relations between the two countries. China has pledged to ...

Nigerian Inspirational Speaker and Preacher Rev. Dr. Sam Adeyemi has urged the Jospong Group of Companies, owners of waste management giants Zoomlion Ghana Limited to run with strategic human resource principles to be able them maintain a strategic team that will help it maintain a strategic position in order to keep the pace in their industry. He said strategic leaders ...