Business

British Airways cuts Accra-London-Accra route to 5 days

June 7, 2022

Persons flying to London even via transit through other European Airlines maybe hit with some challenges and delays. It’s coming after British Airways cuts its daily flights on the Accra-London-Accra route to five days, from seven days. This means passengers can travel only on Tuesdays, Wednesdays Fridays, Saturday and Sundays, and not everyday of the […]Continue Reading

Business

Oil prices hit US$120

June 6, 2022

Oil prices hit US$120 a barrel on Monday after Saudi Arabia raised crude prices for July and amid doubts that an increased OPEC+ monthly output target will help ease tight supply. Brent crude firmed 32 cents, or 0.3%, to US$120.04 a barrel at 0858 GMT after touching an intraday high of US$121.95. U.S. West Texas Intermediate […]Continue Reading

Business

UMB innovates with Digital solution for Ghana Card linkage to accounts

June 6, 2022

The Universal Merchant Bank (UMB), a leading indigenous Ghanaian bank today out-doored an online platform that allows customers of the Bank to link their Ghana Cards to their UMB accounts online, without having to go into their branch. The service, dubbed Ez Update, allows customers to scan their Ghana Cards with their phones and load […]Continue Reading

Business

Currency outside banks grow consecutively in first 4 months of 2022 despite rising inflation

June 6, 2022

Currency outside banks grew consecutively in the first four months of this year, despite the policy rate increment in March 2022 to control inflation. According to data from the Bank of Ghana, money in circulation grew by 16.3% in April 2022, from 14.3% in March 2022, a period where money supply should have reduced to […]Continue Reading

Business

Go to IMF ‘to stabilise the ship; you’re dealing with a major crisis’ – Yamson to Akufo-Addo gov’t

June 6, 2022

Ghana must go to the International Monetary Fund to help boost investor confidence and rake in money quickly in the short term as the country makes efforts to recover from the economic challenges brought about by the COVID-19 pandemic and the Russia-Ukraine war, economist Ishmael Yamson has suggested. “So, you then have to ask yourself; […]Continue Reading

Business

Mercedes recalls almost 1m cars over faulty brakes

June 6, 2022

German carmaker Mercedes-Benz is recalling almost 1m older vehicles from around the world because of potential problems with their braking system. Over the weekend, the company said it will contact owners of the vehicles as their brakes may be affected by what it called “advanced corrosion”. The recall affects a total of 993,407 vehicles, including […]Continue Reading

Business

Invest, list on local stock exchanges – Bawumia to mining companies

June 2, 2022

The Vice President, Dr. Mahamudu Bawumia, has challenged mining companies operating in Ghana and the entire West African sub-region to work with Governments and regulatory bodies to establish a mining index on local Stock Exchanges to allow both the owners and investors in the minerals to benefit from its exploitation. According to the Vice President, […]Continue Reading

Business

World Bank clears Education Minister in $1.2m training funds controversy

June 2, 2022

The World Bank has cleared Ghana’s Education Minister of any wrongdoing in the alleged embezzlement of the 1.2 million dollars funds meant for the Ghana Accountability for Learning Outcomes Project (GALOP). Per the bank’s records, the Ministry of Education’s claims of training over 40,000 teachers under the project were verified before the funds were released. […]Continue Reading

Business

Hollard Ghana and Melcom extend partnership online with e-commerce

June 1, 2022

Insurance and commerce partners Hollard Ghana and Melcom have announced the extension of their “Shop and Insure” collaboration beyond the current in-store Hollard on-the-go booths in select Melcom stores, to e-commerce on www.melcom.com. This move will enable more Ghanaians to conveniently use digital means to access financial security on their purchases and lives. The Continue Reading

Business

NPA boss adjudged outstanding public sector leader of the year

June 1, 2022

The Chief Executive of the National Petroleum Authority (NPA), Dr. Mustapha Abdul-Hamid continued in his streak of silverware collection as he emerged as the ‘Outstanding Public Sector Leader’ for the year 2021 at the Ghana CEO Excellence Awards held at the plush Kempinski Hotel in Accra. He was awarded for his Sterling Leadership, Achievement, Business […]Continue Reading