Category: Business
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Revive TOR to provide reliable and affordable fuel – IES to Prez Akufo-Addo
The Institute for Energy Security, IES, has reiterated the need for government to do all it can to ensure the Tema Oil Refinery is revived, in the wake of hikes in prices of fuel at pump stations. The call by the Institute comes on the back of a recent announcement by President Akufo-Addo that steps…
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Fuel prices cross GHs. 23.00 at the pumps
Fuel price has hit an all-time high at the pumps with Petrol selling at GHS17.99 per liter and diesel retailing at GHS 23.49 a litre. This comes barely three days after members of the Ghana Road Transport Union announced an increment in transport fares by 19 per cent due to the rampant increase in fuel…
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Petrol, diesel prices to go up further to ¢18 and ¢20 by mid-November – IES
As the country continues to suffer continuous fuel price hikes and increases in transport fares, consumers may have to brace themselves for more shocks in the coming weeks. This is because the Institute for Energy Security (IES) is predicting petrol and diesel prices to go up further to ¢18 cedis and ¢20 per liter for…
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Q3 2022: UBA’s Gross Earnings hit N608bn, Reports 12.3% Growth in Profit
Africa’s Global Bank, United Bank for Africa (UBA) Plc, has announced remarkable performance in its unaudited financial results for the third quarter that ended September 30, 2022, recording impressive growth across all its major indices, replicating the commendable performance it achieved in the first two quarters of the current fiscal year. Specifically, the bank’s Gross…
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BoG revokes license of two popular forex bureaux in Accra
The Bank of Ghana has revoked the license of the Airport City Forex Bureau within the Atlantic Tower building and Trade House Forex Bureau Ltd, a popular forex bureau at the Marina Mall. The closure follows the failure of the operators to issue receipts and the breaching of Foreign Exchange laws in the country. The…
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Poultry farmers call on government to revive local industry
The Greater Accra Poultry Farmers Association is calling on government to take immediate and drastic measures to revive the once vibrant industry. The call comes on the back of reports by the importers and exporters association that government has scrapped the 30% benchmark value reduction policy. On numerous occasions, players in the country’s poultry industry…
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Ghana EXIM bank hosts Maltese High Commissioner
The Chief Executive Officer of the Ghana Export-Import Bank (GEXIM), Mr. Lawrence Agyinsam, on Thursday 20th October 2022 hosted the High Commissioner of the Republic of Malta to Ghana, His Excellency Jean Claude Galea Mallia at the Bank’s head office at the Africa Trade House, Ridge, in Accra. The Chief Executive Officer of (GEXIM), Mr. Lawrence…
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Game Shopping Center at Accra Mall to close down by December
Multinational retail shop, Game will close down its Accra Mall branch by December this year. This is because Massmart Holdings, owners of the enterprise, are in talks to shut down operations in some African countries. This development follows an earlier announcement by Mass mart to close eight unviable shops in Africa. According to Citi News…
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VISAL & iRisk Reinsurance Brokers organize a successful workshop for the Insurance market.
Visal Reinsurance Brokers Limited (Visal Re) in partnership with iRisk Reinsurance Brokers Limited (iRisk Re) have organized an educational workshop on treaty reinsurance accounting for the insurance market in Ghana. The three-day non-residential workshop held from Tuesday, October 11 to Thursday, October 13 at the Holiday Inn Hotel, Airport-Accra was aimed at building the technical…
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Radiance Petroleum Limited celebrates 10 years anniversary
The Radiance Petroleum Limited on Sunday, October, 16, 2022 celebrated its 10th Year Anniversary, dubbed, “This Far by Grace”. The Anniversary celebration which began with a series of activities including customer service week, a visit to an orphanage amongst others was climaxed with a Thanksgiving Service and Dinner at the ICGC Glory Temple, Kasoa. Radiance…