The Minister of Finance, Ken Ofori-Atta, has instructed the Ghana Ports and Harbours Authority (GPHA) to cancel a Concession Agreement with Messers Ibistek Ghana Limited, for the development and operations of on-dock container and multi-purpose terminal at Takoradi Port.
The directive cited by the B&FT is contained in a letter...
A lot has been said about unemployment among university graduates, but the real unemployment headache lies below the university level, the Institute of Statistical, Social and Economic Research (ISSER), has said, expressing surprise that government’s main focus is on university graduates.
In its review of the 2018 budget, the institute...
Many Ghanaian students who have successfully completed their studies at various universities in China prefer to stay and work in the East Asian country rather than return home and contribute their quota to economic development of their home country.
These students - whose education in the world’s second-largest economy were...
The B&FT can authoritatively report that, the Second Deputy Governor of the Bank of Ghana, Dr Johnson P. Asiama, has resigned from his position barely two years after being appointed to the position.
Information available to the B&FT indicates that, the now former governor of the central bank tendered in...
More than 200,000 businesses are expected to soon access the GHc600 million stimulus package called COVID-19 Alleviation Programme (CAP), the Executive Director of the National Board for Small Scale Industries (NBSSI), Kosi Yankey-Ayeh, has announced.
The businesses, mostly Micro, Small, and Medium Enterprises, which have been worst affected by the...
Posts 23.3% revenue increase in 2017
Data revenue increases by 50.6%
6.5 million active data subscribers
Active Mobile Money subscribers hit 7.1 million
In fulfillment of the terms of its 4G licence, MTN Ghana - the largest telecommunications company in the country with 15.7million subscribers - has said...
Government has signed an agreement with Doha-based Qatar Airways for the Middle Eastern airline to start scheduled flights between Accra and Doha, while Air Namibia - which pulled out of the country some four years ago - has started discussions to re-start operations this year.
Passengers travelling to the Middle...
Cryptocurrencies have been on a surging run this year but its gaining more grounds. After Eight years with bad names and initial scam reviews, it has gotten stronger and caught the attention of many investment firms as well as corporate entities like Microsoft.
With traditional ways of transferring money across...
MTN Ghana, the largest telecommunications company in the country with about 15million subscribers, have submitted its prospectus to the Securities and Exchange Commission (SEC) and the Ghana Stock Exchange (GSE) to float 35 percent of its shares on the local bourse.
“Let me say MTN have submitted their prospectus to...
Outspoken financial analyst Kenneth Thompson is predicting scarcity of cash in the economy next year, despite the optimistic tone of government in the 2018 budget.
Alluding to the budget’s allocation of more than 80 percent of revenue to the payment of salaries and interest on loans, Mr. Thompson noted that...