Business

A fire incident that occurred at the onsite laboratory at Newmont Africa’s Ahafo South mine on Sunday, 9th April, has been brought under control.  According to the mining giants, no fatalities or injuries were recorded. “We are relieved that the incident did not result in any injury or fatality to the workforce who remain our most important resource. Everyone is ...

A Professor at the University of Ghana Business School (UGBS), Godfred Bokpin, says the global geopolitics is affecting “vulnerable” countries like Ghana, making the application for a bailout from the International Monetary Fund (IMF) difficult. Prof Bokpin said the West African nation needs assurances from its bilateral and multilateral partners before the IMF’s Executive Board can be convinced to approve the request for the ...

The coalition of Individual Bondholders Forum has petitioned President Nana Addo Dankwa Akufo-Addo over the non-payment of matured bonds that were not tendered under the Domestic Debt Exchange Programme. In a petition, the Coalition made up of the Ghana Individual Bondholders Forum and the Individual Bondholders Association of Ghana expressed sadness that despite several assurances by the government, it had ...

Executive Member of the Association of Ghana Industries (AGI) Tsonam Akpeloo has told the government to review some of the areas it is spending revenue. He said times are hard therefore the government must review its expenditure to reflect the realities. Speaking on the Ghana Tonight show on TV3 Wednesday, April 5 in connection with the three revenue bills – Excise Duty, ...

How to strengthen intra-African trade, which only accounts for 17% of trade on the continent? The AU advocates a pan-Africanization of the economic system. The 5th UN Conference on Least Developed Countries in Doha, Qatar, emphasized the key role of financing for SMEs. In sub-Saharan Africa, women produce up to 70% of food for consumption and sale. However, agriculture remains ...

Central banks have moved globally to keep credit flowing after an unsettled period in the US banking sector and the Credit Suisse merger. Six central banks, including the Bank of England, announced they would boost the flow of US dollars through the global financial system. On Sunday the struggling Credit Suisse was taken over by UBS in a Swiss government-backed deal. ...

The Pensioner Bondholders Forum has expressed disappointment over government’s failure to pay out matured coupons to investors who did not tender their bonds under the Domestic Debt Exchange Programme. This is the second time the government has failed to pay coupons that matured between February 6 and 20. In an interview with Citi News, Dr. Adu Anane Antwi, Convenor of Pensioner ...

The African Center for Energy Policy (ACEP) says Aker’s AGM decision to relinquish 80% interest in the South Deepwater Tano (SDWT) project shows how Ghanaian Civil Society Organisations (CSOs) fought to protect the country’s interest in the oil industry. AGM Petroleum announced that it has relinquished work on the project after what it described as careful consideration of all options. ...

Finance Minister, Ken Ofori-Atta, has hinted that a planned high-level government delegation to China has been postponed to late March 2023. This is owing to the upcoming National People’s Congress of China meeting scheduled for early March. However, the Finance Minister said bilateral talks will continue ahead of this important mission. The government is seeking under the G20 Common Framework ...

Ghana has taken delivery of the second consignment of fuel under the gold-for-oil policy. The 40,000 metric tonnes of oil arrived at the Tema port on Sunday, February 19, 2023. This brings the total fuel received under the policy to 80,000 tonnes. The Managing Director of Bulk Oil Storage and Transportation Limited (BOST), Edwin Provencal last week revealed that Ghana ...