Supreme Court upholds SIC Insurance’s case against Ivory Finance

The Supreme Court in a unanimous decision upheld SIC’s appeal against Ivory Finance Company Ltd regarding a credit guarantee case which has been in court over the last five years.  The Highest Court of the land made orders remitting the substantive matter of fraud to be heard on its merits by the High Court. In […]

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ECOWAS single currency will boost trade, economic activity – Akufo-Addo

President Akufo-Addo says the introduction of a single currency in West Africa will, amongst others, help remove trade and monetary barriers. He believes it will reduce transaction costs, boost economic activity, as well as raise the living standards of the peoples of the Region. The President said this at the opening session of the 5th […]

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FPSOs act as buffer for marine protection – Fisheries Director

Western Regional Director of Fisheries Commission, Mr Alex Sabah, has said the Floating, Production, Storage and Offloading (FPSOs) Vessels on the high seas are beneficial in the conservation of aquatic lives.  “We do know that Ghana is yet to develop or demarcate areas on our water bodies as marine protected or no-go areas, where threatened […]

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ECOWAS leaders commit to full implementation of single currency by 2020

ECOWAS leaders have reaffirmed their political will to meet the ECOWAS single currency Programme deadline by 2020. The leaders made the commitment at the Fifth Meeting of the Presidential Task Force on the ECOWAS single currency programme in Accra. Speaking at the meeting, President Akufo-Addo said “We remain determined to have a single currency which will help […]

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Gov’t to issue up to $2billion Eurobond by end of March

Finance Minister, Ken Ofori-Atta, has confirmed government could issue up to $2 billion Eurobond by end of March this year.  Mr Ofori-Atta has been giving details of this bond after he secured some commitment from investors in Asia during his non-deal roadshow. “As you know we are going to issue anywhere from 1 to 2 billion […]

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Air Namibia’s re-entry to Ghana postponed

Air Namibia’s anticipated return to Ghana has been postponed due to “external factors most especially the non-availability of departure slot at Kotoka airport.” According to a press release from the airline, the initial commencement flight originally scheduled for March 25, 2018 has been deferred to June 29, 2018. The airline’s return to Ghana was first […]

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Cash-rich pension funds in Ghana drive world-beating stock

A flood of money from private pension funds has driven a 33 percent surge in Ghana’s benchmark stock index this year, giving the West African country the world’s best-performing equities. The government in December transferred 3.1 billion cedis ($690 million) to the funds, money the state had held since 2012 while the industry put structures […]

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World’s biggest container liner looks for deals outside shipping

The world’s largest container company will start looking for takeover targets outside the shipping industry as it tries to pre-empt a new competitive landscape in which customers are morphing into rivals. Jakob Stausholm, A. P. Moller-Maersk A/S’s chief financial officer and head of transformation and strategy, says the company needs to expand its land-based activities […]

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BOG urged to reduce interest rates to make new cars affordable

Chief Operations Officer of Rana motors, an automobile marketing company Kassem Odaymat is urging the Bank of Ghana to further cut down interest rates to enhance the affordability of new vehicles by the public.  The automobile sector continues to be a major driver of economic growth serving as a significant foreign exchange earner.  Unfortunately, many […]

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Ghana’s tourism sector fraught with supply factors – TRAC

A survey conducted by the Tourism Research and Advocacy Centre (TRAC) reveals that Ghana has over the past 30 years initiated many interventions aimed at empowering tourism to become a major vehicle for the country’s economic transformation. Nonetheless, policy-related weaknesses and supply factors such as a defective policy regime, limited attraction offerings, poor supporting infrastructure, […]

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