A report commissioned by the Ghana Employers Association (GEA), in partnership with the International Labour Organisation, has disclosed that majority of the enterprises (62.4%) in the Greater Accra Region are pessimistic about the outlook of the local government. The research, which sought the views of 750 enterprises in 30 Metropolitan, Municipal and District Assemblies (MMDAs) […]
The Ghana Cocoa Board (COCOBOD) has signed an agreement with the China General Technology (Group) Holding (Genertec) for the establishment of a cocoa processing factory in Ghana. The factory, which will be located at Sefwi-Wiawso in the Western North Region will be operated by COCOBOD and Genertec through a Public Private Partnership (PPP). Implementation of […]
From Isaac AIDOO, Tarkwa-Nsuaem Two years after doling out some $10 million to support the rehabilitation of a portion of the western railway line, management of Ghana Manganese Company Limited (GMCL) says it is yet to see any improvement in the rail network. The company maintains that the poor condition of the rail has compelled […]
Ivory Coast and Ghana have agreed initial deals to sell cocoa with a living income premium of $400 a tonne added to the price, in a bid to reform the way global cocoa is priced, industry sources and a government source told Reuters. In a move aimed at easing pervasive farmer poverty, the West African […]
General Manager for Wilmar Africa Limited, Kwame Wiafe, has called for government intervention to avert an imminent collapse of some local manufacturers due to infiltration of inferior imported products. He called on government to enforce measures to address concerns as many local food manufacturing companies are facing serious competition from the import of cheap products. […]
The Chief Executive Officer of the Ghana Gas Company, Dr. Ben Asante together with three other Chief Executives of state agencies have been recognized for their exemplary leadership, culminating in the total transformation of their respective entities. The Chief Executive Officer of the State Transport Company, (STC) Nana Akomea, the Managing Director of GIHOC Distilleries, […]
VIP JEOUN Transport Company has released a list of revised transport fares for various destinations across the country. The revised fares according to the company takes effect from Monday, September 16, 2019. A press release issued by the company urged all stations across the country to adhere to the new fares accordingly. See the fares […]
Transaction advisors in a concession agreement with the energy company, Power Distribution Services (PDS) have been accused of shifting blame after controversy gutted the agreement. In the controversy, Power Distribution Services (PDS) have been found to lack the financial capacity to provide $12.5m in guarantees when they took over ECG management in March 2019. PDS […]
THE Herald has intercepted incontrovertible evidence that indicate that the Bank of Ghana (BoG) received a cash transfer totalling GHS90 million from the now collapsed Heritage Bank Ghana Limited as minimum capital to help meet the requirements of the licence granted its shareholders. The documents indicated that the money was transferred by Stanbic Bank Ghana […]
Chairman of Groupe Nduom, Dr. Papa Kwesi Nduom has fingered some officials of regulatory agencies and business competitors of plotting the downfall of himself and his companies. ‘’Interestingly enough, some competitors and officials who regulate our activities are sharing this. They know who they are. We have been in business long enough to know that […]
The group is calling on the government to revise upward the rate of increment in transport fares by 30% instead of the announced 10% hike. A statement issued by the group on Wednesday, September 11, 2019, said the latest hike in fuel prices is having a toll on their businesses hence the need for government […]
Nduom Patrick Kobina Anumel resign as directors of Gold Coast Brokerage Gold Coast Brokerage has announced the resignation of Dr. Papa Kwesi Nduom and Patrick Kobina Anumel from the board of the company. The company has also changed its name to Teak Tree Brokerage Limited. In a circular to investors on Monday, the following individuals […]
