The Management of Zylofon Media, operators of Zylofon Fm and TV have served notice the stations will suspend operations from today, Wednesday January 30, 2019. The move according to a statement issued by the company is in compliance with the directive by the Economic and Organised Office and an Accra High Court ordering the free […]
Category: Business
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: Tema-Accra rail service starts today
The much awaited passenger rail services for commuters along the Tema-Accra line will take off today. Minister of Railways Development – Joe Ghartey and officials of Ghana Railway Company Limited will this morning take the inaugural service from Accra Central Station at 7:45am to Tema and back. The service was scheduled to take off on […]
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, […]
MT Africa Gas, MT Sahara Gas boost LPG supply by 437,170 MT in two years
Two years ago in Ulsan, South Korea, a special event that would positively impact accessibility to clean energy in Africa and beyond elicited excited cheers from leading stakeholders, environmentalists and energy experts. It signaled a new dawn and a huge boost for the cause of sustainable supply of Liquefied Petroleum Gas (LPG), especially in West […]
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 […]
LAVA smartphones hit Ghanaian market
Indian mobile phones manufacturer, Lava Technologies, has unveiled its variety of quality and affordable mobile phones onto the local telecoms market. LAVA mobile phones that have been introduced to the market are the Champion Series: C1, A1, N1 and the Z series smartphones: Z81 2GB, Z81 3GB and the Iris 51. The company is banking […]
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 […]
Tracking of earth-moving equipment in mining begins, cost of fixing tracking device pegged at 2k
The Inter-Ministerial Committee on Illegal Mining (IMCIM) under the auspices of the Presidential Committee on Environment and Natural Resources has indicated that it is taking steps to fix trackers on all mining equipment including excavators. In a release signed by Charles Cromwell Nanabanyin Onuawonto Bissue, Secretary to the IMCIM and Presidential Staffer, the Committee has […]