Business General News

Savannah: NPA shuts down Oval filling station for defying order not to sell fuel

1,438  Poised to collect money owed government by some oil marketing companies (OMCs), the Upper West regional office of the National Petroleum Authority (NPA) on Sunday, led a team from the Security and Intelligence and Consumer Services directorate to shut down a filling station engaging in third party activities at Gindabuor in the Savannah region. […]

Business General News

Ghana Isn’t Part Of 10 African Countries With Highest Petrol Prices in 2022

2,06110 Countries with highest energy prices in Africa are as follows: Zimbabwe: $2.153. The country’s Energy and Power Development Minister, Zhemu Soda, said frequent petrol price hikes were due to developments in the international oil industry. Seychelles: $1.541. Though not an oil-producing country, Seychelles, some international oil companies are busy prospecting potential oil deposits off […]

Business General News

Sefwiman Rural Bank makes giant strides despite economic challenges

1,865  The Management and Board of the Sefwiman Rural Bank made giant strides in the 2021 financial year despite the challenges that confronted the nation. The bank recorded a Profit Before Tax of GHC1,260,586 for 2021 as against GHC492,235 for 2020 representing an increase of 156 per cent. Again the bank’s Profit After Tax increased […]

Business General News

NLC meets Telecom Union, employers over collective agreement standoff

1,659  The National Labour Commission (NLC) has met with the Telecommunication and Information Technology (IT) Professionals Union (TIP) and their employers to find an amicable solution to their standoff over collective agreement negotiation. The meeting followed an invitation extended to the NLC by the parties to assist them to resolve the impasse over their second […]

Business General News

Sinapi Aba to train 300 youth from Koforidua, Suhum under its flagship Youth Apprenticeship Program

1,710  Three hundred youth from Koforidua, Suhum and its environment have been presented with training tools to enable them undergo a three-year apprenticeship training in their choice of trade. The training programme dubbed “Youth Apprenticeship Programme (YAP), an initiative of Sinapi Aba, a non-banking financial institution in the country is aimed at helping to inculcate […]

Business General News

Why is Russia’s Economy or Ukraine’s Economy Doing Better than African Economies?: Razak Kojo Opoku Writes

1,552  Certainly there is no doubt that, the invasion of Ukraine by Russia has economic consequences for the rest of the World especially African Countries which are largely import driven economies. But it is also equally important for African Leaders to be proactive, pragmatic and find the appropriate economic turnaround solutions for their respective Countries […]

Business General News

MTN Group further reduces debt with early settlement of $300m in eurobonds with 2024 maturity date

1,551Following on from strong first half 2022 results, MTN Group today announces the further deleveraging of the balance sheet with the early settlement of US$300 million in eurobonds with a 2024 maturity date. This brings MTN’s dollar-denominated debt down to 35% of total holding company (Holdco) debt on a H1 2022 proforma basis. In late […]

Business General News

KNUST To Extend 4G Wifi Five Kilometers Off Campus

2,114  The Kwame Nkrumah University of Science and Technology (KNUST) has initiated a move to extend 4G WiFi internet access five kilometres off the university campus. “We want to extend the WiFi coverage extensively to ensure drop off rate (internet access) is reduced significantly,” the Vice Chancellor, Professor Mrs Rita Akosua Dickson said, adding that […]