BUSINESS

A renowned business executive and former Chief Executive Officer of Ashanti Goldfields, Sir Sam Jonah, has revealed that Ghana’s government has sold all its shares in AngloGold Ashanti. According to the business mogul, Ghana sold 30% of its shares in the company in 1994. However, the rest of the 25% …

Banking and Corporate Governance Consultant, Dr. Richmond Akwasi Atuahene, has urged Parliament to place a cap on borrowing in the constitution. This he believes will prevent the borrowing spree that has led the country into the economic quagmire it finds itself in. According to him, the failure to quickly establish …

The Ministry of Finance has confirmed that its officials and that of the Bank of Ghana have commenced a comprehensive debt sustainability analysis with the International Monetary Fund (IMF) for a $3 billion support programme. A statement from the ministry said: “the Government of Ghana is putting together a comprehensive …

Financial journalist Toma Imihere believe simply arresting persons dealing in foreign exchange unlawfully to curb the depreciation of the cedi is unsustainable. “You can’t even keep this thing up. You have black markets all around the country,” Mr. Imihere said. “The police are understaffed and under-resourced. They have their murder …

The decommissioning works on the Saltpond Oil Field at Hini near Saltpond in the Central Region has started. The decommissioning vessels from Lagos have arrived in Saltpond to start the decommissioning exercise and the shutting of the wells permanently. The vessels arrived in Saltpond on Saturday, September 24, 2022, reports Graphic …

The Municipal Chief Executive Officer of Keta in the Volta Region of Ghana, Hon. Emmanuel Gemegah condemned in no uncertain terms, the ongoing illegal sand winning activities along the coastal areas of Keta and its environs. Hon. Gemegah was responding to allegations of an ongoing illegal sand winning activities of …

The Ghana Revenue Authority (GRA) has handed over some managers of three facilities to the CID Unit of the Ghana Police Service for an investigation into non-compliance with the country’s tax law. The facilities are Champion Dishes, a Restaurant at Adabraka, Grace Has Found Us and Celeb’s all at Dansoman …

The Hong Kong government has announced the ending of formal quarantine for international travelers after more than two and a half years of stringent pandemic controls. Under new rules that will take effect from September 26, incoming travelers will be required to undergo three days of self-monitoring on arrival. The …

The Management of Seven Seas Salt Mining Company Limited at Laklevikope in the Volta Region has blamed the death of four persons on the activities of the residents. The management said a number of dykes have been dug by residents along fish ponds owned by the community members. A mother …

The Bulk Oil Storage and Transportation Limited (BOST) has assured the public that there is no looming fuel shortage as speculated by some media publications. A release issued by the company said estimates from the National Petroleum Authority (NPA) indicated that the total volumes of fuel available in-country as of …