Business

The new life at the Tema Shipyard Limited, among other things, has put the facility in pole position in the sub-region to become the number one heavy steel and aluminum fabrication and dry...

The Ministry of Agriculture has targeted 1 million farmers to benefit from subsidized fertilizer in its Planting for Food and Jobs program in 2019. This target was raised from that of 700,000 following improved...

Postal and Courier Services Regulatory Commission (PCSRC) will soon clamp down on courier and postal service providers operating illegally.Of the 130 operating in the country, 96 have had their licenses renewed as at...

The Ministry of Energy has given greenlight for fourteen (14) companies to submit their bids for the five oil blocks government has offered for competitive bidding.The companies were selected after they satisfied the...

The Ghana Revenue Authority (GRA) is gearing up to raise taxes from professional service activities in a bid to meet its tax targets.Government has set a tax revenue target of GHc58.9 billion in...

Fourteen out of the sixteen companies that applied to explore oil blocks put on offer by the government, have qualified for the next stage of the bidding process.According to the Ministry of Energy,...

The much anticipated Baby Jet Airlines is expected to fully begin operations in February.Deputy Minister for Aviation, Kwabena Otchere Darko announced that Baby Jet Airline is among other Airlines expected to commence work...

Fourteen out of the sixteen companies that applied to explore oil blocks put on offer by the government, have qualified for the next stage of the bidding process.According to the Ministry of Energy,...

The Customs Division of the Ghana Revenue Authority (GRA), has banned two clearing agents from transacting business with the authority.They are alleged to have engaged in some malpractices that cost the state huge...

The Postal and Courier Services Regulatory Commission has disclosed that it will start prosecuting all illegal operators in the coming months to rid the system of non-compliant businesses.The move follows what has been...

The Producer Price Inflation for December 2018 was 4.4 per cent, representing a 2.1 per cent decrease in the producer inflation of 6.5 per cent recorded in November 2018.The month-on-month change in producer...

The Securities and Exchange Commission (SEC), has indicated that it has commenced thorough research into cryptocurrency-related activities in the country following fears of a cryptocurrency scam. In the meantime, it has urged Ghanaians...

The management of Social Security and National Insurance Trust (SSNIT) has presented a cheque for GHC500,000 to the National Pensioners Association (NPA) to cater for their health needs.Monday's presentation follows a similar gesture...

The Ghana Airports Company Limited says its board Chaired by Madam Oboshie Sai Coffie is still in place.It comes after the removal of the former Managing Director of the company, John Dekyem Attafuah...

The Ghana Trade Union Congress (GTUC) on Thursday appealed to the Public Utility Regulatory Commission (PURC) to consider the plight of the ordinary citizen as it embarked on the process for the review...

Former workers of the five consolidated banks, Unibank, Beige, Royal, Construction and Sovereign banks may be heaving a sigh of relief as Citi Business News has gathered the workers can now access their...

The Mobile Network Operators (MNOs) in the country which were collectively fined a total of GH¢34,065,000 by the National Communications Authority (NCA) for various infractions in their licence conditions have refused to pay...

Economist, Prof. Peter Quartey believes although President Akufo-Addo has passed the Fiscal Responsibility Act, to anchor fiscal discipline and ensure prudence in the management of the economy as the Act establishes both the...

The Managing Director of the Ghana Airport Company Limited, Mr. John Dekyem Attafuah, has been sacked from his position with immediate effect.According to sources, the dismissal letter dated 16th January 2019, was signed...

Former Second Deputy Governor of the Bank of Ghana, BoG, Dr Johnson Asiama has said the issues regarding embattled MenzGold Company would have not reached its current state if he was not forced...

The National Petroleum Authority (NPA) has rejected claims by members of Ghana LPG Operators Association (GLiPGOA) that the recent closure of Goby Gas Station and T-Tekpor Gas Filling Stations at Afariwa Junction in...

Blow Chem Industries, manufacturers of Bel-Aqua Mineral Water has dismissed the viral video on social suggesting their product is unhealthy.The company It wants the public to disregard such claims, stating that its products...

The Driver and Vehicle Licensing Authority (DVLA) has warned that it will prosecute anyone who attempts to defraud the public using its new e-online registration system.The system, which has been in place since...

Members of the Ghana Liquefied Petroleum Gas Operators Association (GLiPGOA) have asked the National Petroleum Authority to halt the reckless victimization of their businesses. According to a press statement issued by the group,...

Management of Blow Chem Industries Limited, supplier of Bel-Aqua Mineral Water, has identified some healthy ways of transporting and storing bottled water to avoid contamination.These healthy tips come on the back of a...

Databank Financial Services has said claims that it has started dealing in gold collectibles following the collapse of Menzgold Ghana Limited are false.According to the investment bank, it is not into gold collectibles...

The Association of Aides to Regional Chairmen of the New Patriotic Party have Managing Directors/CEO of the Akufo Addo led government and settled on Ing. Boakye Appiah, as the most outstanding performers in...

Investment bank, Databank Financial Services has denied social media claims that it has started dealing in gold collectibles following the collapse of Menzgold Ghana Limited.The firm said in a statement signed by its...

Passion Air has announced it is suspending flight operations to Takoradi until further notice.According to sources, this development has come about due to low passenger numbers on the route.A statement from Passion Air...

It appears the banking sector crisis that led to the collapse of nine banks has trickled down to the micro level affecting the operations of susu collectors.Interactions with some stakeholders in the susu...

The Chairman of the Technical Committee of the Public Utilities Regulatory Commission (PURC), Mr Ishmael Agyekumhene, has asked the utility service providers to convincingly justify their demand for tariff increment.He said the high...

Government, under its flagship programme, One-district one-factory, is assisting Kasapreko Company Limited to access a $20 million Eximbank loan to build a subsidiary state-of-the-art factory to produce its products for the northern sector...

Deputy General Secretary of the National Democratic Congress, Peter Otokunor has hinted that government's 'poor' handling of the Menzgold saga is deliberate to give Finance Minister's investment company an undue advantage in that...

The Bank of Ghana (BoG) has finally given clearance for the payment of severance package for former workers of the defunct Capital Bank, almost two years after its collapse.“BoG has instructed that part...

The Central Bank has denied playing any direct role in the selection of five banks for recapitalization under the Ghana Amalgamated Trust (GAT).GAT is an arrangement of private pension funds to inject GH¢2...

The year 2018 ended with a slight increase in inflation rate to 9.4% for the month of December compared with 9.3% in November 2018. The monthly change rate in December 2018 was 1.1 percent...

With the dust now settled on the clean-up of the universal banking sector, the Bank of Ghana (BoG) has given the strongest indication that it is now set to fully turn its attention...

The Ministry of Business Development through the National Entrepreneurship and Innovation Plan is poised to improve the livelihood of Ghanaians and support the creation of jobs for a prosperous Ghana.This was revealed at...

Ex-staff of some banks whose licenses were withdrawn by the Bank of Ghana will be paid “purely on humanitarian grounds,” the regulator has said.Elsie Awadzi, deputy Governor of the Bank of Ghana, indicated...

Liquefied Petroleum Gas (LPG) users who patronise the services of T-Tekpor Gas Refilling Station at Afariwa Junction, in the Ashaiman Municipality, are unhappy about the decision by the National Petroleum Authority (NPA) to...

The Ghana Railway Company Limited would run free services for rail commuters from January 8 to 19 on the Tema-Accra line as part of its 120th Anniversary Celebration.According to the company, after January...

Passenger service on the Accra-Tema railway line will resume next week, the Minister of Railways Development, Mr Joe Ghartey, has hinted.This follows the successful completion of a test run on the Accra-Tema rail...

The management of GN Bank say they deliberately opted for a downgrade to a savings and loans company in order not to sell the bank to people with foreign interests.GN bank earlier announced...

Bank numbers in Ghana have reduced from 33 to 23 under a banking sector cleaning exercise that led to the collapse of nine banks and three mergers. The exercise also coincided with the exit...

The Bank of Ghana (BoG) has withdrawn the licence of Premium Bank Limited for breaching sections of the Banks and Specialised Deposit Taking Institutions Act. Read: GN Bank-Premium to merge by December 31 more to...

The Bank of Ghana has appointed an advisor for the National Investment Bank (NIB). Read: Stop the drama and recapitalise NIB, ADB Adongo to Ofori-Atta More follows soon... Source: www.graphic.com.gh

The Bank of Ghana has downgraded GN Bank to a savings and loans company. This was after the central bank finished what it describes as the banking resolution requiring each commercial bank operating...

The Bank of Ghana has, in a surprise, move revoked the licence of Heritage Bank Ghana Limited. The central bank has also approved a purchase and assumption agreement with Consolidated Bank Ghana Limited to takeover the liabilities and...

President Akufo-Addo has established two major Councils that will offer independent advice on fiscal responsibility and ensure the stability of the entire financial system.The two Councils are the Fiscal Responsibility Advisory Council (Fiscal...

The President has granted approval for the creation of a Fiscal Responsibility Advisory and Fiscal Stability Advisory Councils.The two major Councils are to offer independent advice on fiscal responsibility and ensure the stability...