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President Akufo-Addo


Posted: September 20, 2017 at 11:47 am   /   Business, Editor's Choice, Featured, Politics, World News

The President of the Republic, Nana Addo Dankwa Akufo-Addo, has stated that African countries would have to change the structure of their economies, from raw material dependent economies to industrialised, value-added economies if they are to fully finance the implementation of the 17 UN Sustainable Development Goals (SDGs). According to President Akufo-Addo, several countries on […]

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18 SOEs record GHC791 million losses – Bawumia

Posted: September 20, 2017 at 10:50 am   /   Business, Editor's Choice, Politics

The Vice President, Dr Mahamudu Bawumia, has said 18 State-Owned Enterprises (SOEs) made combined losses of GH¢791 million last year, in addition to over GH¢13 million financial support and loans they contracted. He, therefore, tasked managers of SOEs to pay attention to commercial viability, fiscal impact and corporate governance issues in order to find solutions […]

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‘CEOs can’t earn more than president – Finance Minister

Posted: September 20, 2017 at 10:45 am   /   Business, Editor's Choice, Politics

Soon no CEO of any State-owned Enterprise (SOE) will earn more than the President, Finance Minister Ken Ofori-Atta has hinted, saying a rationalisation process will be undertaken to cut salaries and allowances of CEOs whose remuneration is above that of the President. Addressing a policy and governance forum on governance and strategic policy for the […]

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18 State-owned enterprises lost over GH¢700 million

Posted: September 20, 2017 at 10:34 am   /   Business, Editor's Choice, Politics

It is estimated that about eighteen State Owned Enterprises, SOEs made a loss of about seven GH¢791 million last year. This has re-affirmed government’s decision to list several SOEs on the Ghana Stock Market. Vice President, Dr Mahamudu Bawumia disclosed this at the opening of a two day forum on ‘SOEs Policy and Governance in […]

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EU team assesses Ghana’s export readiness

Posted: September 20, 2017 at 10:30 am   /   Business, Editor's Choice, Politics

A three-member team of auditors from the Food and Veterinary Office of the European Union (EU) is in the country to assess the quality of Ghana’s vegetables. The audit will enable the EU office on food safety to reconsider a three-year-old embargo on vegetables export from Ghana to the EU Market. The auditors who are […]

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Ghana to record first balance of trade surplus in 20 years – Report

Posted: September 18, 2017 at 4:08 pm   /   Business, Politics, World News

According to a report released by BMI, the research arm of the Fitch Ratings Agency, Ghana’s economy is expected to record its first balance of trade surplus in 20 years.

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President Akufo-Addo with Pavel Oderov


Posted: September 18, 2017 at 1:12 pm   /   Business, Editor's Choice, Featured, Politics

The President of the Republic, Nana Addo Dankwa Akufo-Addo, has described the Liquefied Natural Gas (LNG) sales agreement reached between the Ghana National Petroleum Corporation (GNPC) and GAZPROM as “positive” and “one that is going to play a very important role in the economic life of Ghana.” According to President Akufo-Addo, the decision taken by […]

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Wear Ghana Fair to give boost to local fabrics

Posted: September 18, 2017 at 11:28 am   /   Business, Editor's Choice, LifeStyle

The Deputy Minister for Tourism, Arts and Culture, Dr Ziblim Barri Iddi is advocating the inclusion of Mondays and Wednesdays to the National Friday wear initiative to promote the extensive use of local prints as well as project a unique Ghanaian identity. Speaking to the Daily Graphic at the launch of The Wear Ghana Fair […]

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SIC Insurance re-constitutes Board; appoints new MD

Posted: September 18, 2017 at 11:05 am   /   Business, Editor's Choice, Security

The Board of SIC Insurance has been re-constituted with the Ministry of Finance replacing government’s representation on the Board. The members representing the Government of Ghana through the Ministry of Finance are Dr. Jimmy Heymann, Mrs. Pamela Djamson-Tettey, and Mr. Stephen Oduro. Mr. Michael Addo replaced the Social Security and National Insurance Trust representative who […]

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New BOST Board mandated to stabilize fuel prices

Posted: September 18, 2017 at 10:47 am   /   Business, Editor's Choice, Politics

The Minister of Energy, Boakye Agyarko, has tasked the new Board of the Bulk Oil Storage and Transportation Company (BOST) to intensify efforts to increase the strategic reserves of petroleum products in the country. He maintains that failure to increase the stock of petroleum products in due time, could trigger price hikes. In addition, BOST’s […]

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