Business

Finance Minister Ken Ofori-Atta has requested Parliament’s approval to spend an extra ¢11.8billion for the 2020 fiscal year. This is in addition to the ¢85.9billion approved at the end of 2019 for government’s expenditure for 2020. The additional expenditure has become necessary as a result of the impact and revenue shortfalls the economy has suffered due to the novel coronavirus ...

Professor Edmund Nminyem Delle, the Founder of Rabito Clinic Limited was at the weekend decorated as the “the Greatest Entrepreneur of All Time” at the 10th Ghana Entrepreneur and Corporate Executive Awards 2020. The award, which was bestowed by the Entrepreneurs Foundation of Ghana in partnership with the Ministry of Business Development, seeks to honour the accomplishment of long-standing Entrepreneurs ...

President Akufo-Addo has made a passionate appeal to the leadership and members of the Vehicle and Assets Dealers Union of Ghana (VADUG), to partner with the government as it takes concrete steps to improve the automotive industry of the country. The President made the appeal when he addressed a delegation of the Union at the Jubilee House when they paid ...

The further weakening of the Ghanaian Cedi against the U.S. dollar will worsen the impact of coronavirus pandemic, the International Monetary Fund has said. Since late February 2020, the Cedi has consistently depreciated against the dollar by -2.46 percent, year to date, and -7.34 percent year-on-year. The IMF in its staff policy-related analysis report on the dominance of the U.S. ...

Finance Minister Ken Ofori-Atta says government is working to roll out unemployment benefits for Ghanaians soon. According to him, the move has been influenced by how conditions of some workers have been affected because of the coronavirus pandemic. “As a responsible society we should have such a program to cushion Ghanaians when needed,” he said. Speaking on PM Express on ...

INTERPOL says organised crime groups are exploiting Africa’s billion-dollar mobile money industry, a trend only set to increase as the service is rolled out across the continent. The ‘Mobile money and organized crime in Africa’ report, authored by the international police organisation, presented an overview of the criminal exploitation of mobile money services. This included fraud, money laundering, extortion, human ...

Mr Philemon Kwame Ankomah, Chief Information Security at the Bank of Africa, has noted that activities of cyber fraudsters are increasing because more people are now trading online in the wake of the coronavirus pandemic. He said the fraudsters are taking undue advantage of the new normal to dupe people. He further recommended constant changes to passwords and also taking ...

For Africa to see an acceleration of its infrastructural development, it will be necessary to implement policies that will limit political pressure on procurement processes; improve integrity standards; enforce internal controls for corruption and enact monitoring schemes that will improve efficiency of projects, the Quality Infrastructure in 21st Century Africa report has advised. According to the report which was published ...

The Ghana Airports Company Limited (GACL) is so burdened with debt accrued from the establishment of Terminal 3 such that it requires a “strategic partner” in making Ghana the aviation hub of the sub-region, Minister of Aviation, Joseph Kofi Adda has said. Reacting to allegations of the sale and privatization of the country’s airports to TAV-Summa Consortium, a Turkish conglomerate ...

President Nana Addo Dankwa Akufo-Addo Thursday urged increased and knowledgeable exchange between Africa’s community of development experts to enable solutions to bridge the continents infrastructure deficit. According to the President, Africa was replete with world-class experts, whose capabilities have not been well utilised to the benefit of the continent, thus, it was time that these human resources were managed well for its ...