Ghana discovered oil in 2007 and started production in 2010. Four years down the line the oil has generated an estimated 2.7 billion dollars.

Businesses call off intended strike

Tuesday, 03 March 2015 16:09

The much-anticipated strike action by businesses across the country over the implementation of the proposed Ghana Conformity Assessment Programme (G-CAP) and the Advance Shipment Information (ASHI) has been called off.

The Ministry of Trade and Industry (MOTI) has appealed to businesses in the country not to prosecute the planned decision to close shops on Wednesday, March 4 in protest against the proposed implementation of the Ghana Conformity Assessment Programme (G-CAP) and the Advanced Shipment Information (ASHI), which comes into effect next month.

The importance of Ghanaian companies adopting effective corporate governance practices, which make them more sustainable and more attractive to investors, was highlighted at a conference organized by the International Finance Corporation and ACCA (the Association of Chartered Certified Accountants).

In line with an inherent aspiration of building lasting relationships as a company, Vodafone Wholesale Ghana has launched a loyalty programme with numerous benefits for its customers across the continent.

Bill Gates tops Forbes rich list

Monday, 02 March 2015 15:21

Bill Gates has been declared the richest man in the world for the second year running by Forbes magazine's annual ranking of global billionaires.

Over 400 workers of Cosmo Seafoods Company Limited in Tema on Monday demonstrated against what they term poor conditions of service at the Korean firm.

UMB names John Awuah as new CEO

Sunday, 01 March 2015 16:01

One of Ghana's leading banks, Universal Merchant Bank, (UMB) has named John Awuah as its new Chief Executive Officer effective Monday March 2, 2015.

The Ghana Hotels Association says industry players may be forced to cut down workforce due to a high cost in doing business. The Association says staff downsizing may be the only option if the situation doesn't improve.

The International Monetary Fund (IMF) has approved an amount of $940 million to rescue Ghana out of its current economic quagmire.

South Africans were told on Wednesday to prepare for higher taxes, cutbacks in spending and three more years of power cuts.

Ghana reaches $1bn aid deal with IMF

Thursday, 26 February 2015 16:29

Ghana reached an agreement with the International Monetary Fund (IMF) on Wednesday for a three-year aid deal worth around $1 billion aimed at restoring fiscal stability to the country, a source close to the talks told Reuters.