Today's Ghana Business, Banking and Economic news

The country’s Food and Drugs Authority (FDA) has destroyed some expired drugs stored in the warehouse of the Tamale Teaching Hospital (TTH).

Kenya’s Omaera Pharmaceuticals plans to spend Sh3.1 billion in the next three years for purchase and exclusive sale of the cancer and HIV drug, Lodonal, across East Africa.

Nigeria’s banking mogul, Co-founder and Chairman of Zenith Bank, Jim Ovia has been awarded the prestigious Business Leader Award by the Africa -America Institute (AAI) for the 2017 edition of the awards.

One of the country’s information technology solutions and training firm -West Blue Ghana Limited (WBGL) has been acquired by Customs World, a subsidiary of Ports Customs and Free Zones Corporation (PCFC) Dubai.

Member of Parliament for Assin Central, Kennedy Agyapong has ascribed greed as the reason Ghanaian businesses are losing their market space to their foreign counterparts.

For the past three years, Ghana and its western neighbour Ivory Coast have engaged in legal battles over a maritime boundary where Ghana is undertaking oil exploitation.

Ghana’s annual average imports of wheat flour has hit a 55,000 metric tonnes representing a 160% increase over the last ten to fourteen years.

Consumers should expect an increase in the price of fuel they purchase at the various pumps from Tuesday, September 19, 2017, as Oil Marketing Companies (OMCs) begin to adjust their prices to reflect the increase in the prices of their products.

Ghana’s government has decided to suspend basic requirements for tax exemption holders which enabled them to provisionally pay import duties and taxes upfront and subsequently, apply for a refund.

A 40-footer container which was under-declared by an importer has been intercepted by Customs officials at the Nick scan at the Tema Port.

International credit rating agency, Fitch Ratings, has confirmed Ghana at ‘B’ with a generally stable outlook.

The government of Nigeria has announced the award of a $5.8 billion contract to build what will be the largest power plant in the country.

The Chief Executive Officer of the country's power generation company - GRIDCo, William Amuna has stepped down.

The National Investment Bank (NIB) has denied media reports that it is being taken over by GCB Bank Limited.