Prime News Ghana

Today's Ghana Business, Banking and Economic news

Ford recalls 1.5 million cars over faulty vehicle doors

Ford said on Thursday that it is recalling an additional 1.5 million cars from its U.S. and Mexican markets after complaints of faulty vehicle doors that could swing open while the vehicles are still moving.

Ghana issues fifth Eurobond at 9.25%

Ghana on Thursday issued its fifth Eurobond of 750 million dollars at a yield of 9.25 percent a few points lower than the last one which was at 10.75 percent. According to statement from the Finance Ministry the bond was oversubscribed with orders exceeding 4 billion dollars but government took only 750 million dollars. ‘Ghana has priced and will issue its fifth Eurobond of US$750 million at a 9.25% yield.

Mahama-Mills mismanagement has caused current energy crises - Bawumia

Ghana's energy sector is in its current situation because of the bad economic practices of the ruling National Democratic Congress (NDC) government in the last eight years, Vice Presidential Candidate of the New Patriotic Party (NPP), Dr Mahamudu Bawumia has stated.

Mahama is bereft of job creation ideas - Bawumia

Vice Presidential Candidate of the New Patriotic Party (NPP), Dr Mahamudu Bawumia has stated that the ruling National Democratic Congress (NDC) cannot solve the problem of unemployment in Ghana.

Facebook’s Zuckerberg seeks to buy M-Pesa, prompting Kenya visit

Mobile money giant, Mpesa, may be headed the Facebook way. The Facebook creator was in Kenya over the course of last week, an impromptu visit that caused a stir on Global Tech business scene. It was the first time that Mark Eliot showed envy on the largest Mobile money company on the planet.

(MiDA) sued but Compact II comes into effect

The Ghana Power Compact, also referred to as Compact II, has now entered into force despite a law suit against the Millennium Development Authority (MiDA) over the concession of the Electricity Company of Ghana (ECG).

Ghana Gas to build $500m gas pipeline from Aboadze to Tema

Government has approved the construction of a 24-inch-diameter 290-kilometre Onshore Pipeline estimated to cost about $500 million from Aboadze in the Western Region to Tema in the Greater Accra Region to help evacuate larger volumes of gas in the near future.

Ghana not economically trailing Ivory Coast - Mahama

Referring to the United Nation Human Development Index report, president Mahama stated Ghana is positioned second only to Cape Verde in relation to access to portable water, and other human indicators used to rate progress in the West African sub-region.