Prime News Ghana

Today's Ghana Business, Banking and Economic news

3% royalties paid to the state/chiefs since 1897 remains till date (2016)

During the turn of 19th century Gold was the only mineral mined and exported from Gold Coast (Ghana). Thomas Hughes, a wealthy Fante entrepreneur, advisor to the Cape Coast and the British Colonial authorities at Gold Coast, was the first man to order modern heavy machinery to start mining at Wassa areas. In no time, Hughes struck a rich vein of gold in 1861.

New Kumasi Kejetia Market is 60% complete – MCE

The Metropolitan Chief Executive for the Kumasi Metropolitan Assembly, Kojo Bonsu has revealed that the phase one of the Kumasi Kejetia-Central market reconstruction project is about 60% complete. Mr. Bonsu said this when he inspected the project with market queens from the Kumasi Central market.

Africa’s 23 billionaires for 2016 revealed

Africa has 23 billionaires this year 2016, with aggregate net worth exceeding $80billion.Nigeria's Aliko Dangote, 58, is first on the list of Africa's richest. Dangote's net worth is estimated at $15.4billion. Sixty-two-year-old Mike Adenuga, another Nigerian comes second with a net worth of $10billion dollars. They are on the Forbes 2016 Ranking of the World's Billionaires, published March 1, 2016.

KLM Airline dragged to High Court by aggrieved staff for non-increment in salary

Some aggrieved staff of KLM Airline in Accra have dragged the company to the High Court (Labour Division) over salary increment.

The plaintiffs, who are members of the KLM Staff Association of Ghana, comprising workers of various departments of the company, claim the company had failed to fulfill its obligation to the workers with regards to salaries and other benefits due them.

Joy Industries Ltd CEO appeals to gov’t for tax holidays for local firms

The Chief Executive Officer of Joy Industries Ltd, Dr Manfred Takyi, has appealed to the government to provide tax holidays to indigenous Ghanaian companies to assist them to grow. He has also advocated for the establishment of a special fund to support local industries which are performing well and which seek to expand beyond the frontiers of the country.

11 AngloGold Ashanti staff lost lives on duty in 2015

Mining giants AngloGold Ashanti has said 11 of their staff lost their lives in the line of duty in 2015.

According to the mining outfit, the figure underlines “safety as the most pressing challenge, primarily at its South African operations.”