BUSINESS

Kenneth Kwamina Thompson, the CEO of Dalex Finance, warns that Ghanaians should brace themselves for tough economic times over the next decade. Speaking to Evans Mensah on Joy News’ PM Express, Thompson expressed scepticism about the effectiveness of debt forgiveness, suggesting that it merely postpones Ghana’s economic challenges rather than …

The CEO of the Ghana Shippers’ Authority (GSA), Kwesi Baffour Sarpong has engaged top shippers in the Southern Zone to discuss costs and conditions at seaports, airports, and land borders. The meeting, held on June 5, 2024, was the third in a series following similar gatherings in the Western and …

The Chamber of Cement Manufacturers, Ghana (COCMAG) has expressed grave concern over a proposed Legislative Instrument (LI) seeking to regulate cement prices, submitted to Parliament by the Minister of Trade and Industry, Hon. K.T Hammond without prior consultation with industry stakeholders. According to COCMAG CEO, Dr. George Dawson-Ahmoah (Bishop), the …

This week, we got another early look at the design of this year’s upcoming iPhones that showed off a revamped camera layout, two Pro exclusives headed for vanilla models, and other changes expected of the iPhone 16. A set of leaked cases for the iPhone 16, as first spotted by …

Finance Minister Dr Mohammed Amin Adam has said that it is important for all persons to acknowledge that investment is about risk-taking. Whatever the results of the investment, whether loss or gain, the individual investors must be prepared to take responsibility for their decisions and not blame it on others. …

President Akufo-Addo has instructed the Finance Ministry to disburse ¢1.5 billion to assist customers affected by the banking sector clean-up operation. Finance Minister Dr Mohammed Amin Adam announced this directive over the weekend during a UK Town Hall meeting. He emphasised that the President’s directive mandates the disbursement to be …

Former Chief Executive Officer of the defunct UT Bank has appealed to business executives to sacrifice their comfort and help create solutions to address critical developmental challenges confronting the country. Prince Kofi Amoabeng said the country was in dire straits and needed new forms of leadership and strategies to restore …

The Director of Communications at the Bank of Ghana, Mr. Bernard Otabil has said the GH¢10.5 billion loss does not indicate a loss of policy effectiveness, as the bank remains committed to deploy monetary policy tools to maintain a stable inflation in line with its primary price stability mandate. The …

Ghana’s second review programme for a third tranche of US$360 million is expected to go before the Executive Board of the International Monetary Fund (IMF) by the end of June 2024. This is to see to the approval and disbursement of additional funds under the country’s Extended Credit Facility (ECF) …

The Locked-up Investment Holders’ Forum has announced that it will resume its picketing at the Finance Ministry today, Wednesday, June 5, after the ministry failed to follow through on its recent promise to engage with them. Despite assurances from a Deputy Finance Minister Dr Stephen Amoah, the ministry has not …