Browsing all posts in Business.
GH¢20,000 market shed commissioned at Azulenloanu
A GH¢20,000 market shed has been commissioned at Azulenloanu in the Ellembelle district. The project, which commenced 16 years ago, has finally seen completed with the help of the sitting Member of Parliament (MP) for the area. Commissioning the project, Deputy Energy Minister Mr. Emmanuel Armah Kofi Buah, said his ambition to lead the people [...]
Benso Oil Palm makes GH¢9.59m profit in 2011
The Benso Oil Palm Plantation Limited (BOPP), raked a profit of GH¢9.59 million last year as against GH¢2.67 million in 2010. As a result, the company declared a total dividend of GH¢2.4 million out of a total profit of GH¢9.59million to be paid to its share holders. The profit, which represents an approximate increase of [...]
Ghana launches hoteliers’ pension fund
The Deputy Central Regional Minister, Mr. Aquinas Tawiah Quansah has launched the “Ghana Hoteliers’ Pension Fund” (GHPF) with a call on the Ghana National Hoteliers’ Association to “walk the talk” and ensure that they contribute to the scheme to make it beneficial to their employees. He said the hotel business was capital intensive and therefore [...]
Ghana to host West African Investment Conference
Ghana is to host the maiden edition of West Africa Investment Conference in Accra, aimed at promoting the private sector in the sub region. The conference, scheduled for May 8-10, would identify different sources of investment capital, and the potential for their use, to create employment, social engagement and economic growth, thereby delivering a [...]
No bank will fail to recapitalize – Bank of Ghana
The governor of the Bank of Ghana Mr Kwesi Amissah-Arthur believes that no bank in the country will fail to meet the central bank’s minimum capital requirement of GH¢60 million by the December 2012 deadline. The central bank issued new regulations in 2008 asking banks to recapitalized to the tune of GH¢60 million. Although foreign [...]
Mining firms in Ghana could up expenditure on local products to $200m annually
Mining firms operating in Ghana could scale up their expenditure on locally manufactured products by 66 per cent in the next few years to $200 million annually, the Ghana Chamber of Mines has said. “Based on data gathered by our Supply Managers, it could well be possible to increase our expenditure on Ghana manufactured products [...]
Gold, cocoa, oil exports earn Ghana $3.8b in 2012
Ghana earned $3.8 billion from merchandise exports, preliminary estimates of total exports for the first three months of 2012 by the Bank of Ghana shows. The earnings represent a year-on-year growth of 22.8 per cent according to the central bank. The Bank indicates that the growth in export earnings continues to be driven by gold, [...]
FDB seizes unwholesome fish
The Food and Drugs Board, upon a tip off has seized a consignment of about One Thousand (1000) cartons of unwholesome fish, imported by C & G Company Limited based in Tema. Inspection at the C & G facility indicated that the said consignment of fish was being stored under unhygienic conditions, a release by [...]
Ghana fines Glo Mobile $200,000
Glo Mobile Ghana, the sixth licensed mobile operator in the country, has been slapped with a penalty of $200,000 or its cedi equivalent by the Ghana National Communications Authority (NCA) for failing to commence commercial operations three years after it was granted licence. Failure on the part of the company to redeem the fine would [...]
Passenger gets refund after Ghana International Airlines collapse
After media campaigns a passenger of bankrupt Ghana International Airlines has received a refund, the Guardian newspaper has reported. According to the report by the publication, the campaign carried by Guardian Money and the BBC consumer affairs for two years eventually paid off when Beryl Lynch was repaid the money she paid for tickets for [...]
