Commercial News Ghana Today-LIVE

Breaking: Dollar Rises beyond The Ghanaian Cedis by 5.1 ($1 = GHC 22.72 )

The American dollars has today ,15th March, 2019. rises to 5.1 in the African economy, hence Ghana cedis fade away its matching , as converted: ($1 USD= GHC 22.72) The president of the republic of Ghana, Nana Addo Dankwa Akuffo and its government have noticed the public during last month (February ), urging the business […]

Commercial News

No changes in top management – GRA

The Ghana Revenue Authority says no changes have occurred at the top management level of the Authority. “The Commissioner-General and all his Commissioners are still at post and carrying out their normal duties of ensuring the maximization of revenue for national development,” a statement from GRA said. Earlier reports in the media suggested that the […]

Commercial News

Govt to build four shea butter processing factories in 2019

Government in collaboration with the African Development Bank and the Rural Enterprise Programme will establish four new modern shea butter processing facilities in the country before the year 2019 ends. This was disclosed by the Ministry of Trade and Industry. The initiative will fall under governments one district, one factory programme. According to a study […]

Commercial News

PIAC, EOCO sign MoU to fight corruption in petroleum sector

The Public Interest and Accountability Committee (PIAC) and the Economic and Organised Crime Office (EOCO) have agreed to collaborate to protect Ghana’s petroleum revenues from embezzlement and financial abuse. The two separate entities signed a Memorandum of Understanding (MoU) to back the agreement between them. The collaboration between the PIAC and the Economic and Organized […]

Commercial News

Association of Contractors tells gov’t to honour campaign promises

The Association of Building and Civil Engineering Contractors of Ghana has charged government to take pragmatic steps to honour its campaign promises pertaining to the unpaid Ghanaian contractors. The association in a press release has also enquired of the status of the $1.5 billion dollars loan contracted by the government of Ghana through GETFUND to […]

Commercial News

Ghana must still stay in connection with IMF after exit—Prof. Quartey, Lauds

Economist, Prof. Peter Quartey has urged government not to alienate the International Monetary Fund (IMF) after Ghana successfully completes its extended credit facility program with the fund. Following the completion of the 7th and 8th review under the program, many stakeholders have spoken of the need to implement the needed strategies to ensure Ghana doesn’t […]

Commercial News

Six fund managers exit investment market

The Securities and Exchange Commission (SEC) has cautioned the public against doing business with some six fund management companies who have voluntarily ceased their operations. The companies cited various reasons for the decision. As a result, the regulator says they are not supposed to engage the public in that capacity henceforth. The fund management companies […]

Commercial News

NIC to Announce New Capital Levels by first quarter: Justice Ofori – Commissioner of Insurance

The National Insurance Commission (NIC) says it will before the end of the first quarter of 2019 announce new minimum capital requirements for players in the insurance industry. Companies within the insurance sector are to expect increases of more than 200 percent according to the Commissioner of Insurance, Mr. Justice Yaw Ofori. The expected recapitalization […]

Commercial News

Huge investments in Obuasi mine reflects confidence in sector – AngloGold MD

AngloGold Ashanti (AGA) says the over $500 million spent on the Obuasi mine during the four years that it remained shut is due to the firm’s confidence in Ghana’s mining sector. Managing Director of the AngloGold Ashanti, Eric Asubonteng, said there exist viable opportunities in the sector, especially at its concession at Obuasi in Ashanti […]