Prime Business, Economic and Financial News

Vaccine

Pharmaceutical Industry Ready for New Influenza Drugs

Perhaps one of the major causes of respiratory illness in Ghana and across the world is the influenza. Predominantly cell-based, it’s common to find…

WTO to offer Ghana advise on value addition

Ghana will be provided with advise on how to add value to it exported raw materials to be able to increase revenue from them as well as create more job for its citizens. In a three day conference…
Airbag

Airbag Maker Files for Bankruptcy

Japanese car parts maker Takata has filed for bankruptcy protection in the US and Japan.

Surviving the Ramadan, food vendors tell their story

Waakye, Hausa koko, koose and many other foods that come from the “Zongos” are now staples for a large section of the Ghanaian society. From the office worker who visits Amalia’s waakye joint to…

South Africa's Sanlam sells stake in Ghana's Enterprise insurance business

South Africa's largest insurer Sanlam Ltd has sold its stake in Ghanaian holding company Enterprise Group's insurance business for $130 million but will retain a presence in the country, Sanlam said…
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China gives Ghana $2bn for ‘One District One Factory’ project

Government’s ‘One District One Factory’ initiative has received a major boost following the signing of a Memorandum of Understanding for a funding facility worth up to $2 billion between a number of…

Data Commission begins arrest of unlicensed data controllers

Breakdown in dialogue has forced the Data Protection Commission to arrest directors of unlicensed data controllers in the country.

Investing in Ghana is a 'win-win' situation - Bawumia tells Chinese Investors

Vice President Dr Mahamudu Bawumia has appealed to the government and people of China to significantly invest in the country.

NACOB burns narcotic substances worth over $2million

Narcotic substances worth over $2million have been burnt by the Narcotics Control Board (NACOB) at Bundase Training Camp at Prampram in the Greater Accra Region.

Will China Remain the Most Populous Country in the World?

With a population of over 1.41 billion according to UN 2017 report, China is currently the most populous country in the world but whether or not it will remain at that position is a subject for…

Ghana to import supplies from Burkina Faso to support ‘Planting for food and jobs’

Shortage in supplies for the piloting of the government's planting for food and jobs initiative has forced Ghana to import some inputs from Burkina Faso to sustain the project.

SSNIT takes a hit from bad bank loans

The Social Security and National Insurance Trust (SSNIT) is suffering from the knock-on effect of loans gone bad in the banking sector, due to its large shareholding in the sector.
Robots in Factory

How Real is the Threat of Automation to Jobs in Ghana?

Over the last few years, there have literally been a week going by without one reading about a proposed investment in Artificial Intelligence or automation in one sector, industry or the other.
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GRA locks up four companies for evading GH₵ 60 million tax

The Special Revenue Mobilization Task Force of the Ghana Revenue Authority's (GRA) has closed down the offices of four companies in Accra for evading taxes running into millions of cedis.

Tigo provides free internet for students at 2017 NSMQ

Tigo Ghana is supporting the country’s largest and most prestigious competitive science platform for secondary schools; the 2017 edition of the National Science and Maths Quiz (NSMQ). The company…
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GRA arrests eleven business owners for tax evasion

Owners of eleven small scale businesses within the Makola and Okaishie Tax jurisdiction have been arrested by the Ghana Revenue Authority (GRA) for failing to issue Value Added Tax (VAT) invoices.

Publish accounts or face sanctions…BoG tells S&L companies

The Bank of Ghana (BoG) says it has given all savings and loans companies (S&Ls) up to the end of July this year to publish their accounts, or face the monetary sanctions that comes with it.

Institutions cited for breaching data protection regulations still have a chance to redeem their image

Institutions cited for non-compliance with data protection laws in the country, but have genuine difficulties in the process to attain a license from the Data Protection Commission would be given…
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Barclays charged with fraud in Qatar case

Barclays and four former executives have been charged with fraud over their actions in the 2008 financial crisis.
Piracy

Can an 8-Man Task Force end Piracy in Nigeria’s Film and Video Industry?

Perhaps by far one of the most significant deterrent to the progress of the publishing industry whether it be film, video, or books is the menace of piracy.

Digital smart card vehicle registration to cost between ₵50-₵80 not ₵450-DVLA

The Driver and Vehicle Licensing Authority [DVLA] has dismissed claims that its new digital smart card license will cost ₵450.

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