Railway sector can transform economy-From middle-income to First World status-Joe Ghartey

By John Elliot HAGAN, Accra Minister for Railways Development, Joe Ghartey is optimistic that a well-established railway sector can transform Ghana’s economy from middle-income to First World status. He recounted the parallels between the success of pre-independence Ghana and the railway sector of the time to buttress his point. “I am convinced beyond reasonable doubt […]

 Komenda Sugar Factory gets life line as Hi Limit Group injects 78 Million Dollars to revive it

The Hi limit Group, developers of government’s one village one dam programme has signed a purchase agreement to revive the defunct Komenda sugar factory. Under the agreement, The Hi Limit Group will produce 375,000 metric tonnes of sugar cane annually to feed the sugar factory. The agreement signed under the auspices of the Ministry of […]

Confirmed: Renault set to establish an assembly plant in Ghana this year

 French multinational automobile manufacturer, Renault, is considering the establishment of an automobile assembly plant in Ghana, following in the footsteps of Volkswagen, Nissan and Sinotruk who will, this year, establish assembly plants in Ghana. Vice President and Chairman of the Africa-Middle-East-India (AMI) Region at Renault, Fabrice Cambolive, made this known on Monday, 28th January, 2019, […]

Ghana, Mozambique deepen bilateral relations

The current global economic outlook calls for robust trade links between Ghana and its sister African countries for sustained mutual benefits, Eric  Odoi-Anim, Ghana’s Ambassador to Mozambique, has said. “There is the need for closer economic cooperation, including the expansion of trade links between African countries for mutual benefits,” he said when he presented his […]

9th Ghana Entrepreneur and Corporate Executive Awards nominations open

 The Entrepreneurs Foundation of Ghana (EFG) has opened nominations for the 9th edition of its flagship Ghana Entrepreneur and Corporate Executive Awards 2019. The deadline for the entries to be nominated for the Ghana most prestigious awards for entrepreneurs & corporate executives is 22nd February, 2019. The Ghana Entrepreneurs & Corporate Executives Awards is an […]

Stop the negative media on the insurance industry, we’re not in financial distress-NIC

The National Insurance Commission (NIC) has debunked reports making rounds on social media suggesting that some insurance companies are in financial distress. The NIC warned that those circulating such false information about some institutions could cause serious challenges for players in the industry. According to the commission, the comments are only vicious attempts by anonymous […]

Bawumia holds fruitful discussions with World leaders at World Economic Forum

The Vice President, Dr. Mahamudu Bawumia has held fruitful and productive discussions with world leaders at the 2019 edition of the World Economic Forum held in Davos, Switzerland. Dr. Bawumia joined Heads of States for the Europe-Africa Session, today, Thursday, January 24, 2019. The Session which brought together Heads of States and European business leaders […]

You refused to pay tax on your profits, so don’t expect a bail-out with tax payer’s money-Prof. Adei to Menzgold customers

Economist Professor Stephen Adei has described Menzgold Ghana Limited’s gold vault market as a Ponzi scheme which should not have been patronised by Ghanaians. The Securities and Exchange Commission (SEC) directed Menzgold to shut down its investment operations on 12 September 2018 for contravening the Securities Industry Act, 2016 (Act 929). The SEC order also […]