Business – Page 11

Traders reject claims of CMB takeover by Wenchi chief

March 6, 2025

Traders at the Cocoa Marketing Board (CMB) area in Accra are opposing an alleged attempt by Dasebre Nyako Asumadu Appiah, the Paramount Chief of the Akyem Wenchi Traditional Area, to claim ownership of the land they have occupied for decades. The traders reported that surveyors, claiming to represent the chief, recently appeared at the market...

Mahama Petitioned with an Ato Essien Pardon

March 3, 2025

President John Dramani Mahama has been petitioned to grant a pardon to William Ato Essien, the entrepreneur and founder of defunct Capital Bank. The petition, submitted by Andrew Appiah-Danquah, a lawyer, raises concerns about the fairness and integrity of Essien’s conviction and subsequent imprisonment.Essien was sentenced to 15 years in prison by an Accra High...

West African Gas Pipeline Resumes Operations After Successful Maintenance

March 1, 2025

The West African Gas Pipeline Company Limited (WAPCo) has successfully completed critical pipeline maintenance activities, resuming natural gas transportation from Nigeria to Ghana, Togo, and Benin. The four-week maintenance project involved offshore pipeline cleaning and inspection, subsea valve replacements, and other essential works across multiple locations. Gas supply to Tema, Cotonou, and Lomé was temporarily...

Dangote’s $23 Million Bet That Doubled His Fortunes

February 27, 2025

Aliko Dangote, Africa’s richest man and a prominent businessman, has made headlines once again with a bold investment that has reportedly doubled his fortunes. The Nigerian entrepreneur, known for his vast interests in cement, sugar, and flour, recently placed a $23 million bet on a strategic business venture that has yielded impressive returns. The investment,...

BARRICK GOLD AND MALI RESOLVE MINING DISPUTE

February 22, 2025

Barrick Gold, a leading gold mining company, has successfully resolved a mining dispute with the Malian government. The agreement includes a payment of $438 million to the state, paving the way for the resumption of operations at the Loulo-Gounkoto gold complex, one of Mali’s largest mines. This development is expected to have a positive impact...

Ghana’s Economic Expert Urges National Dialogue to Focus on Debt Management, Indigenization, and Agriculture

February 22, 2025

As Ghana prepares for its National Economic Dialogue on March 3, 2025, financial analyst Dr. Richmond Atuahene is calling for a focused discussion on three critical areas: debt management, strategic indigenization, and agriculture. Dr. Atuahene warns that Ghana’s high debt levels, currently at 72.2% of GDP, pose a significant threat to the country’s economic stability....

WORLD BANK’S IFC TO INVEST $600 MILLION IN GHANA’S PRIVATE SECTOR

February 21, 2025

The International Finance Corporation (IFC), a member of the World Bank Group, has announced a major investment of approximately $600 million in Ghana’s private sector. This significant investment aims to create job opportunities, enhance industrial development, and drive economic growth in the country. According to Kyle Kelhofer, IFC’s Country Director, the investment will focus on...

IBEC-2025: RMU Ag. VC Calls For Innovative, Inclusive Strategies To Accelerate Blue Economy Growth

February 21, 2025

The Acting Vice Chancellor of the Regional Maritime University (RMU), Dr. Jethro W. Brooks Jr., has called for broader engagement among stakeholders within the sub-region to fully harness the potential of the blue economy. Speaking at the opening ceremony of the second International Blue Economy Conference (IBEC-2025) currently underway in the Republic of The Gambia,...

COCOBOD,DBSA delegation evaluate impact of Productivity Enhancement Programmes

February 20, 2025

The Ghana Cocoa Board (COCOBOD) led by Mr Randy Abbey has welcomed a delegation from the Development Bank of Southern Africa (DBSA), currently in Ghana to assess the effectiveness of the Productivity Enhancement Programmes (PEPs). The DBSA, along with other financial institutions, has provided critical funding for these initiatives, which aim to strengthen Ghana’s position...

Kwamina Asomaning Elected as the New President of GAB

February 20, 2025

In a notable development for the Ghana Association of Bankers (GAB), Kwamina Asomaning has been elected as the new president. The election occurred during the association’s recent annual general meeting, where members convened to address key issues impacting the banking sector and to select new leadership. Kwamina Asomaning, who brings a wealth of experience in...