BUSINESS

The Minority in Parliament says with the imminent introduction of the Eco currency which Ghana has committed to join, the central bank and government cannot be speaking different languages regarding the introduction of higher denomination. In a statement Monday, Casiel Ato Forson, Ranking Member on Parliament’s Finance Committee said, “Even if Ghana opts to adopt the Eco after three years or even more, ...

Ethel Laurel Akafful, a 27-year-old hardworking Ghanaian lady has gone from the sales of items such as wristwatches and men’s shirts to owning her Oil & Gas Company. Businessworldghana.com reports that Laurel was also a teacher at a point in time. Reports indicate that throughout the times that the brilliant lady engaged in all her entrepreneurial activities, she always harboured ...

CalBank Limited has organized a Thanksgiving service at it’s head office in Accra as part of activities to mark the end of the year 2019. The mammoth event was to “thank God for seeing them through the year 2019,” organizers have said. Sunday’s event, which was under the supervision of Rev. Fr. Kpanie Addy SJ., saw the full participation of ...

Fifteen Model 3 sedans were handed over at the company’s so-called “Gigafactory” near Shanghai. It comes as Elon Musk’s company aims to secure a significant slice of the world’s biggest car market. Tesla’s move into the country comes as the trade war has forced other American companies to shift production out of China. During a ceremony at the company’s multi-billion ...

Ghana has backed eight African states on the decision to abandon the CFA Franc, in favour of the proposed, new common currency of ECOWAS, the ECO, beginning in 2020. A statement by the government of Ghana stated that “We, in Ghana, are determined to do whatever we can to enable us to join the Member States of UEMOA, soon, in ...

The Food and Drugs Authority has directed the immediate withdrawal of some 16 tomato paste brands from the market. In a statement, the FDA described the 16 tomato paste products as unwholesome and contain starch and colour ingredients which were not indicated on the labels. The FDA added that the ingredients are not permitted in tomato paste, thus, violating the ...

The Bank of Ghana will auction US$715 million in Forward Foreign Exchange Auctions in the whole of 2020. The months with the expected highest auctions of US$80 million each are January, February and March 2020. In accordance with the Foreign Exchange Forward Auction guidelines issued on the 23 September 2019, the Bank of Ghana said bids are invited as per ...

Some energy experts and Civil Society groups have described the proposed amendments to the Aker Energy’s Petroleum Agreement (PA) as illegal and inimical to Ghana’s interest. According to them, the new proposed amendments currently being discussed by the Mines and Energy Committee of Parliament seeks to illegally amend the Petroleum Exploration and Production Act, 2016, (Act 919) and its regulations ...

President Akufo-Addo says he has directed the Ministry of Finance to work with the Bank of Ghana (BoG) to ensure a 100% payment of depositors of failed banks, microfinance, and savings and loan companies whose licenses have been revoked. The President who revealed this in his Christmas and New Year message also described the decision to sanitise the banking system ...

The Head of the Ho Small Tax Office (STO) of the Ghana Revenue Authority (GRA), Mr. Anthony Dekagbe, has said the refusal by entities to honour their tax obligations is a threat to national security and must be considered a criminal act. He said the key national services, including security, would not function effectively in the absence of tax revenue, ...