Category: Business

Nigerian businessman Sayyu Dantata, stepbrother of billionaire Aliko Dangote, has added a whopping $2.4 million to his net worth, thanks to his stake in MRS Oil, a fully integrated and efficient downstream player with leading positions in the Nigerian oil industry. According to data tracked by Billionaires.Africa, Dantata’s stake in MRS Oil Nigeria has soared […]

President Akufo–Addo has inaugurated an 88 million-dollar ultra-modern salt mine and processing plant at Songhor in the Ada West District of the Greater Accra region. Electrochem Ghana Limited, a subsidiary of MacDan Group, is a wholly owned Ghanaian company registered in 2017 under the laws of Ghana which is strategically positioned to leverage over two decades of […]

The Financial Controller for the Environmental & Sanitation Cluster of Jospong Group of Companies, Mrs. Adokarley Okpoti-Paulo has been honoured by the National Business Honours at a spectacular event in Accra. She received the Excellence In Leadership Award in recognition of her exemplary leadership skills, relentless efforts, and her contribution to the growth of corporate […]

The Movenpick Ambassadorial Hotel in Accra recently set the stage for an exciting entrepreneurial event, “The President Pitch Season 4” Ten (10) finalists representing small and medium scale startups had a unique opportunity to pitch their innovative business ideas directly to the President of Ghana, with the hope of securing financial assistance. The event showcased […]

The Public Utilities Regulatory Commission (PURC) has announced an increase in electricity and water tariffs by 4.22 % and 1.18% respectively, effective 1 September. It follows the conclusion of the regulatory process for the quarterly adjustment of tariffs by the PURC. The quarterly tariff review mechanism seeks to track and incorporate changes in key factors used in determining […]

The Managing Director of UCS Facility Management Ghana Limited, Madam Yaa Dansowaa Ampofo has been honoured by the National Business Honours at a colourful event in Accra.She received an honorary award in recognition of her outstanding leadership, tireless efforts, and influence on the sanitation sector of Ghana’s economic growth. Her company, UCS Facility Management Ghana […]

The Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has responded to calls for transparency regarding the construction of the bank’s new headquarters. The Minority in Parliament has requested information on the procurement process, including details about the land acquisition and consultants involved. In his press statement, Governor Addison explained that the decision […]

The Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has provided clarification regarding the recently reported GHS60.8 billion loss. He emphasized that this loss does not represent money lost by the bank in its operations. Instead, it is a technical loss resulting from the application of accounting standards and the haircut applied to […]

Dr. John Ofori-Tenkorang, the Director-General of the Social Security and National Insurance Trust (SSNIT), has revealed that GH¢154 million was recovered through the prosecution of employers who failed to pay their employees’ contributions in the first half of 2023. Dr. Ofori-Tenkorang emphasized the importance of employer diligence in remitting SSNIT payments to avoid legal action, […]

The Car Rentals Association of Ghana (CRAG) recently witnessed a momentous event as five (5) newly elected executives were sworn in and inaugurated to spearhead the Association towards a brighter future. The swearing-in and inauguration ceremony marked the beginning of a promising era for the association, signaling fresh ideas, renewed enthusiasm, and enhanced collaboration in […]