Business
World Bank predicts significant drop in global food prices in 2025
The World Bank has recently released its April 2024 Commodity Outlook Report, which predicts a substantial drop in global food prices in 2024, with a projected 6 per cent decrease, followed by an additional 4 per cent decline in 2025. This decrease is mainly attributed to lower prices for grains, oils, and meals, while other […]
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Featured
NDA corruption trial: Court orders defendants to present defence
The High Court in Tamale has ordered all four (4) accused persons implicated in the Northern Development Authority (NDA) corruption trial by the Office of the Special Prosecutor (OSP) to open their defence. The accused persons are Sumaila Abdul-Rahman, former CEO of the NDA; Stephen Yir-eru Engmen and Patrick Seidu, both Deputy Chief Executives of […]
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Featured
Court orders implicated NDA officials to present defence
The High Court in Tamale has ordered all four (4) accused persons implicated in the Northern Development Authority (NDA) corruption trial by the Office of the Special Prosecutor (OSP) to open their defence. The accused persons are Sumaila Abdul-Rahman, former CEO of the NDA; Stephen Yir-eru Engmen and Patrick Seidu, both Deputy Chief Executives of […]
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Business
NDC will create women millionaires through establishment of Women’s Bank – Jane Opoku-Agyemang
Professor Jane Naana Opoku Agyemang, running mate to National Democratic Congress (NDC) flag bearer John Mahama, announced plans to create women entrepreneurs and millionaires through the strategic establishment of a Women Development Bank. “We will actively pursue the establishment of a Women Development Bank to nurture and grow women-owned, women-led businesses,” Opoku Agyemang stated. “Women […]
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Business
Train accident: Gov’t failed to observe necessary protocols -Ablakwa
Member of Parliament for North Tongu, Samuel Okudzeto Ablakwa has chided the government for failing to undertake proper community sensitization in communities along the Tema-Mpakadan railway line ahead of Thursday’s test run which ended in a disaster. The North Tongu MP is of the view that the accident could have been avoided if the government […]
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Headlines
Kofi Amoaben endorses Mahama as right leader for Ghana in 2025
Businessman Prince Kofi Amoaben has expressed his confidence in former President John Dramani Mahama as the ideal leader to steer Ghana toward economic development and prosperity. Amoaben, the co-founder of the defunct UT Bank, averred the potential benefits of Mahama’s experience as a returning leader during his remarks at a fundraising dinner hosted by the […]
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Business
Domestic capital market still a viable source of funding – Kobby Bentsi-Enchill
The Head of Investment Banking at Stanbic Bank Ghana, Kobby Bentsi-Enchill, has emphasized the importance of the domestic capital market as a viable and sustainable source of funding for businesses. Mr. Bentsi-Enchill said this at the issuance of Letshego’s newly established and expanded GHS 500 million bond programme at the Ghana Stock Exchange. Speaking on […]
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General
MP, DCE debunk political sabotage in Tema-Mpakadan train crash
The Member of Parliament for Asuogyaman and the District Chief Executive for North Tongu, along with the owner of the Hyundai Gold 5-tonne vehicle involved in the rail accident, have collectively debunked claims of political sabotage as the cause of the train crash on the Tema-Mpakadan road. The incident took place on Thursday, April 18, […]
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General
Driver who caused accident on Tema-Mpakadan rail lines jailed for six months
Abel Dzidotor, a 41-year-old truck driver who abandoned his vehicle on the Tema-Mpakadan rail lines, has been sentenced to six months in jail by the Juapong Circuit Court. This was after he pleaded guilty to three out of four charges namely – careless and inconsiderate driving, unauthorized stopping, and causing harm. He was convicted on […]
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General News
Communications Minister urges public to desist from dealing in pre-registered SIMs
Source: GNA Mrs. Ursula Owusu-Ekuful, Minister for Communications and Digitalisation, has cautioned members of the public to desist from dealing in pre-registered SIM cards since it is illegal and an offence liable for prosecution. She explained that “Dealing in this context comprises the individual, who sells the pre-registered SIM as well as the buyer or […]
Business
Newly imported train crashes into stationary truck during test run
One of the newly imported trains, a Polish manufacturer of the Diesel Multiple Unit (DMU) train designated for the Tema-Mpakadan railway route has been involved in an accident during a test run. A statement by the Ministry of Railway Development also indicated that there were no injuries sustained by the passengers.
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Business
Stanbic holds talks with Chinese ambassador over enhanced Ghana – China Trade Ties
The Chief Executive of Stanbic Bank Ghana, Kwamina Asomaning, together with some Senior Executives of the bank recently met with the Chinese Ambassador to Ghana, H.E. Lu Kun, to promote deeper trade and investment ties between Chinese and Ghanaian businesses. During the meeting, Mr. Asomaning underscored the importance of the strategic partnership between Standard Bank, […]
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Headlines
Stanbic Bank offers financial solutions to members of Ghana Medical Association
Stanbic Bank Ghana, a subsidiary of the Standard Bank Group, has signed a Memorandum of Understanding (MOU) with the Ghana Medical Association (GMA) aimed at offering tailor-made financial solutions to members of the GMA. Speaking at the MOU signing ceremony at Stanbic Heights in Accra, Kwamina Asomaning, Chief Executive of Stanbic Bank said health is […]
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Banking & Finance
OmniBSIC Bank makes GH¢150m gain in 2023
The fastest-growing bank, OmniBSIC Bank, has emerged stronger in the aftermath of the debt restructuring programme, with an impressive performance that resulted in one of the biggest profitability ratios in the banking sector last year. The bank’s profit rose by 218 percent to GH¢150.6 million in 2023, indicating a significant turnaround from the loss suffered […]
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Business
$3bn deal: We are beginning to reap substantial macroeconomic benefits – BoG Governor
The Ministry of Finance and the Bank of Ghana have shown a steadfast commitment to a set of policies right from the beginning of the implementation of the $3 billion programme with the International Monetary Fund (IMF) under very difficult circumstances, Governor of the central bank, Dr Ernest Addison has said. He stated that they […]
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Business
IMF deal: Addison expresses optimism that 2nd review will lead to release of 3rd tranche
Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has expressed optimism that the successful second review of the programme with the International Monetary Fund (IMF) will lead to the release of the 3rd tranche. The country had already received two tranches, $600million each. The release of the third tranche would increase the total […]
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Business
OmniBSIC Bank posts historic profit, makes GH¢150m gain in 2023
The fastest-growing bank, OmniBSIC Bank, has emerged stronger in the aftermath of the debt restructuring program, with an impressive performance that resulted in one of the biggest profitability ratios in the banking sector last year. The bank’s profit rose by 218 percent to GH¢150.6 million in 2023, indicating a significant turnaround from the loss suffered […]
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