The Controller and Accountant General, Eugene Ofosuhene says his department has cleared off all ghost names that existed on public sector payroll. According to Mr. Ofosuhene Ghana’s coffers for a long time has suffered a lot; losing huge portions of its revenue as a result of waste and leakage through the existence of ghost public […]
Category: Business
Ghana, 4 others get 143 million dollar World Bank credit for STEM education
The Board of the World Bank Group has approved a total amount of $143 million International Development Association (IDA) credits and grants to help Burkina Faso, Djibouti, Ghana, Guinea and Senegal to step up the quality and provision of applied research and higher education with a focus on the areas of science, technology, engineering and […]
Yam and Cassava processing factory in Nanumba North under 1D1F 90 percent ready- to be commissioned soon
A yam and cassava processing factory to be commissioned as part of the government’s 1-district 1-factory program is 90% complete. This was revealed at a town hall meeting organized by the Nanumba North Municipal Assembly in collaboration with the Ministry of Information. The meeting served as the first activity of the second phase of the […]
38yr-old Lebanese busted at KIA trying to smuggle 1.4 million dollars and 256 thousand Euros out of Ghana
Operatives of the Narcotics Control Board (NACOB) at the Kotoka International Airport (KIA) have busted a member of a money laundering syndicate in the country. The suspect, Darwich Hussein, 38, a Lebanese, who was travelling to Beirut, Lebanon, was arrested with $1.4 million and 256,000 euros in his carry-on bag at the KIA in Accra […]
GH₵1.9BN saved in 21 months due to strict scrutiny of procurements – PPA
The Nana Akufo-Addo government has been able to save the state a whopping amount of GH₵1.9 billion due to the tightening of the public procurement space, which prevented procurement malpractices. Chief Executive Officer (CEO) of the Public Procurement Authority (PPA), Adjenim Boateng Adjei, who announced this, cited a number of procurement malpractices which the authority […]
GIPC leads business delegation to Annual Investment Meeting 2019 in Dubai
The Ghana Investment Promotion Centre (GIPC) in collaboration with the Dubai Chamber of Commerce is organizing an investment promotion mission to the United Arab Emirates (UAE) from the 6th to 13th April 2019. Partnered by the Ghana Free Zones Authority (GFZA) and the Ghana Export Promotion Authority (GEPA), the mission is being held on the […]
Fired GEPA boss, Gifty Klenam grabs 1D1F fruit processing company in West Akim, provides 200 direct and 5000 indirect jobs
The former Chief Executive Officer of the Ghana Export Promotion Authority, Gifty Klenam has initiated a fruit Juice Processing factory with capacity of producing tons of varieties of fruit juice a day in the West Akyem Municipality of the Eastern Region. The factory Sunharvest juice factory has been commissioned and is fully operational under government’s […]
Ghana among 11 countries at high risk of debt distress – Report
By Elvis DARKO, Accra Ghana is among eleven countries labeled as at high risk of debt distress in Africa. Ghana’s Public debt stock as at the end of 2018 stood at GH₵173.2 billion, according to the Summary of Economic and Financial data of the Bank of Ghana. High risk of debt distress The Economic Commission […]
NLA cautions public against Lotto Fraudsters, Social Media Miscreants and Illegal Lottery
The National Lottery Authority is cautioning the general public about the activities of fraudsters operating in the lottery space in the country. The Authority is particularly singling out lotto fraudsters, social media miscreants and illegal lottery among others, for blame, accusing them of perpetrating all manner of illegalities against it and the county at large. […]
Over 10,000 workers in the bread baking industry to be laid off due to hardships- CEO warns
By: Nana Peprah Asiase Over 10,000 workers within the bread baking industry at Kumasi in the Ashanti are set to be laid off due to the current hardships the industry is facing, according to the Chief Executive Officer of 3 Stars Bakery and Nyamekye Bakery, Nana Ampabeng Kyeremeh. Disclosing his ordeal to the media, Nana […]
MTN supports Springboard 2019 roadshow in Cape Coast-urges youth to go out of their comfort zones to create and expect results
Mobile Telecommunications giant, MTN has impressed upon Ghanaians, particularly the youth, to get out of their comfort zones and strive to do extra ordinary things that will add meaning to their lives. Delivering a presentation on positioning during the Springboard 2019 roadshow in the Central Regional Capital, Cape Coast, Senior Manager for Corporate Communications at […]
Ken Ofori-Atta blames fall of cedi on structural rigidities and speculation
The Minister of Finance, Ken Ofori-Atta, has stated that the cedi is performing better under the Nana Addo administration. He explained that the cedi recently suffered some turbulence despite the strong economic fundamentals and improvement in the country’s balance of payments, which the government achieved in the last two years. “It is also noteworthy that […]