Prime News Ghana

Today's Ghana Business, Banking and Economic news

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.”

Banks to be tougher on new loan applicants

 Following the rising Non-Performing Loans (NPLs), banks in the country have begun reviewing their credit policies in order to reduce bad debts on their books.

20th International Trade Fair set for Tamale


Savannah Accelerated Development Authority (SADA), in collaboration with the Ghana Trade Fair Company Limited, is ready to commence the 20th International Trade Fair in Tamale from next week.

Evict ‘galamsey’ miners now – Chamber of Mines

Director responsible for public affairs and environment at the Ghana Chamber of Mines, Ahmed Nantogmah, has called for the immediate eviction of illegal miners trespassing on mining concessions.

Economy to turn around - Terkper

The Minister of Finance, Mr Seth Terkper, says the economy is on the track to recovery and with the assistance of the International Monetary Fund (IMF), it is expected that the country would avoid the slippery path of previous election years.

IMF urges increased data use in Africa

The International Monetary Fund (IMF) has charged governments in Africa to take statistics seriously and publish quality and reliable data regularly.