Business

12 banks withdraw credit from bulk oil distribution companies

12 banks withdraw credit from bulk oil distribution companies

Twelve major commercial banks have decided not to issue letters of credit to bulk oil distribution companies (BDCs) as a…
John Dumelo, others condemn xenophobic attacks

John Dumelo, others condemn xenophobic attacks

Ghanaian actor John Dumelo has joined celebrities who have publicly condemned the ongoing xenophobic attacks in South Africa. According to…
Ghana targets 1.2 million tonnes of cocoa this year

Ghana targets 1.2 million tonnes of cocoa this year

Ghana will hit the target of 1.2 million metric tonnes of cocoa beans by the end of the 2014/15 cocoa…
Nigerian billionaire to give $100m to budding entrepreneurs

Nigerian billionaire to give $100m to budding entrepreneurs

Nigerian billionaire Tony Elumelu is to fund 1,000 budding African entrepreneurs as part of a $100m initiative to boost the…
Ghana downgraded by credit rating agency Moody's

Ghana downgraded by credit rating agency Moody's

Ghana had its credit rating cut by Moody’s Investors Service after government sounded a warning that tumbling oil prices will…
Cabinet approves Consumer Protection Policy

Cabinet approves Consumer Protection Policy

Cabinet has approved the Consumer Protection Policy, Irene Aborchie-Nyahe, Consultant on Consumer Protection, Ministry of Trade and Industry said. Mrs…
PIAC urges public to hold gov’t to account on petroleum revenue

PIAC urges public to hold gov’t to account on petroleum revenue

The Public Interest and Accountability Committee (PIAC), an independent monitoring body on petroleum revenue management, has asked Ghanaians to be…
Mahama announces $450m package for cocoa roads rehab

Mahama announces $450m package for cocoa roads rehab

President John Dramani Mahama has announced a $450m package for the rehabilitation of roads in cocoa-growing areas in the country.…
Ghacem warns of cement shortages as power cuts bite

Ghacem warns of cement shortages as power cuts bite

Ghana’s major cement producer Ghacem says cement shortages may occur soon due to recent power cuts in the manufacturing industry.…
Mahama first to test Kumasi Airport runway lighting

Mahama first to test Kumasi Airport runway lighting

President John Dramani Mahama was the first to test the newly installed runway lighting system at the Kumasi Airport. The presidential…
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