Today's Ghana Business, Banking and Economic news

Vodafone Ghana has sealed a ground-breaking deal with Kwame Nkrumah University of Science and Technology (KNUST). Per the GHS14m agreement spanning half a decade, the telecommunications company will provide an improved high speed internet and Wi-Fi connectivity to all faculties across the University’s campuses in Ghana. 

The annual consumer price inflation dropped to 16.7 percent in July from 18.4 percent in June as the cedi currency stabilised and food prices fell at the start of the harvest season, the statistics office said on Wednesday.

The Trades Union Congress (TUC) has urged government to abandon the International Monetary Fund (IMF) programme, few months to the completion of the programme. According to the union, government can resort to its home-grown policies touted years back, which in their view is a better alternative.

Deputy Minister of Finance Mona Qaurtey is confident Ghana will meet the 2025 target by the African Union Agenda 2063 which states that all members should move in to mechanised farming through the use of modern technology and tools.

No God-fearing person will vote for President John Mahama in the December 7 elections, former Member of Parliament for Nsuta-Kwamang-Beposo in the Ashanti Region, Osei Kwame Prempeh, has stated.

A day after the airline canceled 1,000 flights, Delta said it canceled another 250 flights from Tuesday's schedule. And about 200 morning departures are expected to be delayed.

Employment and Labour Relations minister Haruna Iddrisu has announced moves by government to introduce a major formula for the determination of market premium in January 2017 adding striking CLOGSAG workers must call off their strike or forfeit their August salary.

Coordinator of Third World Network Africa, Dr. Yaw Graham has stressed that perceived gains Ghana would get from the Economic Partnership Agreement (EPA) signed with the European Union will largely be on paper with the reality on the ground being different. 

US airline company Delta says all its flights have been suspended due to a nationwide system outage.

"Customers should check the status of their flight before heading to the airport while the issue is being addressed," the company tweeted.

It said it was working to resolve the issue as soon as possible. Inbound flights en route are not affected.

Delta serves nearly 180 million customers a year, employing over 80,000 people, according to its website reports the BBC.

Shatta Wale has set sights on the business side of his craft unveiling a new alcoholic beverage onto the Ghanaian market.

Star Assurance Company Limited, the largest wholly owned Ghanaian insurance company posted impressive growth and expanded its operations across the country.

Ghana’s parliament has ratified the Economic Partnership Agreement (EPA) between government and the European Union (EU). Government earlier signed onto the agreement (interim) but was awaiting ratification from Parliament as stipulated in the country’s laws in relation to international agreements. 

Last week, the International Consortium of Investigative Journalists unveiled a collection of new stories in their latest Panama Papers leak, this time with a focus on Africa. The stories reveal new details about illicit financial flows and the extractive industries, showing how multi-billion dollar oil and mining deals across the continent serve to make the rich even richer while providing no benefits to some of the world’s poorest populations.

Ghana’s legislature has given its approval to the Petroleum Production and Exploration Bill on Thursday.

The law, which will regulate the nation’s oil sector, comes nine (9) clear years after Ghana discovered oil.

The Power Ministry has suspended agreement with three external parties over some assets of the Volta River Authority (VRA) Thursday.