Government is expected to meet the management and shareholders of Neoplan Ghana Limited later today to find ways to revive the struggling company. Neoplan Ghana announced a planned shutdown last month due to lack of contracts and mounting losses. Government’s intervention helped to stop the planned shut down, with the promise of revamping the firm. Managing Director […]
The state has filed fresh charges against the founder of defunct UT Bank, Prince Kofi Amoabeng, as well as five other persons over their respective roles in the collapse of the bank in 2017. The prosecution in the facts sheet stated that, the five others being hauled before the court are; Johnson Pandit Asiama, Raymond […]
The state has discontinued the case against the founder of now-defunct UT Bank, Prince Kofi Amoateng at the circuit court. Kofi Amoabeng was facing charges of stealing and money laundering following the alleged role he played in the collapse of UT bank. According to the prosecution represented by ASP Emmanuel Nyamekye, they intend to file […]
Fallout from the Airbus bribery scandal reverberated around the world as the head of one of its top buyers temporarily stood down and investigations were launched in countries aggrieved at being dragged into the increasingly political dispute. The European planemaker is bracing for a rocky period with airlines and foreign governments, some of which have […]
The National Lottery Authority (NLA) through its new Jackpot game known as Daywa has empowered Mr. Francis Pwalua, a 64 year old farmer from Navrongo in the Upper East Region of Ghana. Mr. Francis Pwalua received a cheque of GHC 126,000.00 as the ultimate winner for Daywa 5/39 Jackpot game. He won the GHC 126, […]
Aker Energy AS has appointed Mrs. Kadijah Amoah as Country Director of Aker Energy Ghana Ltd, effective 1 February 2020. The appointment follows Aker Energy’s strategy to strengthen the company’s local presence and management in Ghana. By this, she becomes the first Ghanaian woman to lead an oil firm operating in the country. “We are […]
The local currency has enjoyed a good run against its major trading partners in the first month of the year — appreciating against all the three major currencies, the dollar, euro and pound sterling, according to data released by the Bank of Ghana. The cedi, which depreciated against all the three currencies last year, has […]
The President of the Republic, Nana Addo Dankwa Akufo-Addo, has expressed his delight at the return to production, productivity, and profitability of the Anglogold Ashanti Gold mine, six (6) years after it was effectively closed down. According to President Akufo-Addo, the coming back on stream of the Obuasi mine signals to the rest of the […]
US President Donald Trump has formally signed a new trade pact with Mexico and Canada, bringing his campaign promise to replace the three countries’ existing deal closer to fruition. The US Mexico Canada Agreement (USMCA) is set to replace the 1994 North American Free Trade Agreement (Nafta). Mr. Trump has described Nafta as America’s “worst” […]
Ghana placed 5th in Africa and number 67 in the world, according to the 2020 Best Countries Report put together by US News & World Report and supported by Wharton Business School of University of Pennsylvania and BAV Group. Egypt was 1st in Africa and number 36 in the world while South Africa was 2nd […]
Neoplan Ghana Limited, one of the country’s surviving coach manufacturing businesses in the 1970s, has announced a total shutdown on Friday, January 31, 2020 because it is no longer viable. A memo to all staff of the company in Accra and Kumasi announcing the closure of the company, which was established on December 12, 1974, […]
Founding President of IMANI Africa, Franklin Cudjoe has eulogized the Chief Executive Officer of the National Petroleum Authority (NPA), Hassan Tampuli for saving Ghana a whopping $300 Million which would have been lost through fraudulent activities in the petroleum sector. BestNewsGH.com reports Mr. Cudjoe as saying but for the vigilance of the NPA Boss, the […]
