Finance
Ghana hikes interest rate to 30%
Ghana’s Central Bank has increased key interest rates 30% to curb the country’s soaring inflation.This is a 0.5% increase.The hike was announced on Monday at the end of its monetary policy meeting.“A hike in rates is the best way to
This can’t be common sense – Raymond Archer slams govt over GH¢20bn banking clean-up exercise
In a bid to restore confidence in the banking and specialized deposit-taking sector, the Bank of Ghana embarked on a clean-up exercise in August 2017.Spending over GH¢20 billion, the Central Bank’s action was to resolve insolvent financial institutions…
‘I will push about 60% of our country’s businesses to the north’- Kennedy Agyapong
Flagbearer aspirant of the New Patriotic Party (NPP), Kennedy Ohene Agyapong has revealed that, if given the green light to be president of the Republic of Ghana, he would push sixty per cent of government business to the northern sector
Tony Elumelu gains nearly $4.3 million in single day from UBA stake
Nigerian businessman and philanthropist, Tony Elumelu experienced a notable upswing in the market value of his stake in United Bank for Africa (UBA) on July 21, witnessing an impressive increase of $4.3 million in just one day.Elumelu, widely recognize…
Ken Agyapong will be Ghana’s first businessman-turned-president – Joe Donkor
Former New Patriotic Party (NPP) Second Vice Chairman for the Central Region, Mr Joe Donkor, has expressed his belief that Kennedy Agyepong will be the first businessman to be elected as Ghana’s president.According to Mr Donkor, Kennedy Agyapong, the M…
National Food Buffer Stock denies diverting monies meant for paying food suppliers
The National Food Buffer Stock Company (NAFCO) has refuted claims that it has diverted monies meant for the payment of food suppliersAccording to the Chief Executive Officer of Buffer Stock Company, Hanan Abdul-Wahab, his outfit was focused on ensuring…
Komenda Sugar Factory an albatross – K.T Hammond
Minister for Trade and Industry, Kobina Tahir Hammond, has said the Komenda Sugar Factory has become an “albatross” around the neck of the country.According to him, apart from the factory not being properly set up, the company that originally undertook…
Alan Kyerematen pledges to support local contractors in every constituency
The former Minister for Trade and Industries and one of the flagbearer hopefuls of the New Patriotic Party (NPP), Alan Kwadwo Kyerematen, has pledged to empower two local road contractors in every constituency to undertake projects instead of relying o…