Investor confidence in Facebook weakened a bit on Monday amid continued political pressure and a rare lengthy outage of the company’s apps, sendings shares down 4.8% and zapping away billions from CEO Mark Zuckerberg’s fortune. Zuckerberg’s fortune declined by $5.9 billion to a mere $117 billion in total. (He’s now the world’s sixth richest person.) Top […]
The Registrar-General’s Department will this month begin the delisting of dormant organisations from the Companies Register. “This will be the first batch of companies to be delisted this month out of the over 100,000 companies registered since 2011,” the statement added. The delisting will affect companies which fail to comply with the Department’s directive to […]
The Kumasi Airport is expected to be ready as an international facility is in October next year when ongoing expansion works are completed. Currently, the phases two and three of the works — which include a newly-built terminal and a control tower — is 77 per cent complete, according to the Chief Executive Officer (CEO) […]
AngloGold Ashanti Limited has announced that underground operations at its Obuasi gold mine in Ghana are expected to resume in mid-October. The mining company had suspended underground activities at Obuasi in May following an accident. AngloGold in a news release issued on Thursday said for the remainder of this year, underground ore will be used […]
The country is set to inject about US$300 million from its share of the specially created free funds from the International Monetary Fund (IMF) into the 2022 budget. The amount is a third of the US$1 billion interest-free and condition-free money that the country received from the IMF for being a member of the Bretton […]
The Vice-President of the United States of America (USA), Ms Kamala Harris, has described Ghana as conducive for doing business in Africa. She said not only had the Ghanaian government created an enabling environment; it had also built confidence by upholding the rule of law and respect for human rights, ingredients for growth. Ms Harris, […]
A team of financial experts from the Bank of Ghana (BoG) is assisting the National Intelligence Bureau (NIB) to investigate how a 42-year-old man, Bachir Musa Aminou, illegally acquired 656 ATM cards connected to nine banks for trans-border business. The team has roped in the Financial Intelligence Centre (FIC) and the Economic and Organised Crime […]
An 11-member new board of the Minerals Development Fund has been inaugurated with Kwaku Sakyi-Addo as the board chairman. Inaugurating the board, the Minister of Lands and Natural Resources, Mr Samuel Abu Jinapor charged the members to provide strategic policy direction for the efficient utilisation of funds. He urged the 11-member board to make judicious use […]
President Nana Addo Dankwa Akufo-Addo, says Ghana’s economy rebounding faster from the ravages of COVID-19 than envisioned, following a slow rate of growth in 2020. Speaking at the maiden edition of the Presidential Business Support, on Tuesday, 14th September 2021, at the Kempinski Hotel, President Akufo-Addo noted the support offered by the private sector, coupled […]
The Ghana Airports Company Limited (GACL) has commenced investigations into the circumstances that caused the aborted takeoff of KLM flight on Friday, September 3, 2021. The GACL in a statement said the pilot of the flight reported a bird strike close to the windshield of the aircraft. “The Rescue and Fire Fighting Service (RFFS) of […]
The Minister of Communications and Digitalisation, Ursula Owusu-Ekuful, has said Ghanaians and foreigners who do not have the Ghana Card cannot re-register their SIM cards beginning October 2021. Speaking at a press conference in the capital Accra on Sunday, she said the exercise is mandatory for all citizens and non-citizens living in Ghana. Owusu-Ekuful announced that […]
A New Patriotic Party (NPP) stalwart, Gabby Asare Otchere-Darko, has been appointed the new chair of the Ghana hub of the Commonwealth Enterprise and Investment Council (CWEIC). CWEIC is a commercial, not-for-profit membership organisation with an official mandate from the Commonwealth Heads of Government to facilitate trade and investment throughout the 54 Commonwealth member nations. Otchere-Darko is one […]
