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Accra, GH
Monday, October 23, 2017

Fishing industry collapsing as growth sinks to -4.4 in Q2

The country’s fishing industry is currently on life-support, as figures by the Ghana Statistical Service (GSS) show that it is the only sub-sector of the agriculture sector that is currently experiencing contracting growth. Quarter two...

Exton Cubic sues Amewu over galamsay

After a number of threats, the embattled mining company, Exton Cubic Group Limited, has sued the Minister of Lands and Natural Resources over the Ministry’s revocation of their mining permits. The Minister, John Peter Amewu,...

Ashantihene caught in £350,000 money laundering case in UK

To a Ghanaian King, handing someone a holdall stuffed with more than £350,000 to deposit in a bank might seem nothing out of the ordinary. Indeed, when Osei Tutu II, traditional ruler of the Kingdom...

Ledzorkuku MP launches zero interest loan scheme for women

Some women, mostly traders in the Ledzorkuku constituency in the Greater Accra Region have been given a boost with an interest free loan to enable them expand their businesses. Others are also going to benefit...

Ayensu Starch factory breaks down while tonnes of cassava go waste

Several tonnes of cassava are going waste at the Ayensu Starch Factory at Bawjiase in the Awutu Senya District in the Central Region following the breakdown of the processing plant. Heaps of fermented cassava on...

UniBank responds to Korle Bu’s explanation of revenue leakages

Management of uniBank has responded to claims by Korle Bu Teaching Hospital which sought to explain why it terminated the onsite banking service contract with the bank. The Public Relations (PR) Department of Korle Bu...

How to make money the Instagram way

Instagram, the Facebook-owned photo app, has become a lucrative shop window for many small entrepreneurs. So what are the secrets of its success? When Facebook bought the photo app Instagram in 2012 for a cool...

NCA sanctions over 100 FM stations; revokes licences of 21 stations

The National Communications Authority (NCA) has sanctioned a total of 131 FM Authorisation Holders it says have violated various aspects of the Electronics Communications Act (2009), Act 775. A further 13 FM Authorisation Holders have...

Ofori Atta defends McDan’s GH¢10.45m adb loan

Finance Minister, Ken Ofori Atta has rejected claims he breached due process by approving a loan facility from Agricultural Development Bank to McDan Shipping Company Limited. He argues that the bank’s credit committee was responsible...

Banks’ tight loans stance reduces profits by 40% – BoG report

Commercial banks’ decision to reduce their levels of loans and advances to businesses have rather affected their profitability. As a result of this position, the profits of commercial banks had dropped by 40 percent as...
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