Ghana Business News - The first place for your business news

Ever since the Bank of Ghana (BoG) set up the Ghana Inter-bank Payment and Settlement System Ltd (GhIPSS), the question has been asked several times over whether it was healthy to encourage the Bank of Ghana to become an active player in…

The National Democratic Congress (NDC) has predicted that it would win the December 28 presidential elections. “We are counting on the co-operation of all Ghanaians irrespective of their political background to give us the mandate, so as…

Nana Addo Dankwa Akufo-Addo, the New Patriotic Party (NPP) presidential candidate, has appealed to all aggrieved and disappointed NPP supporters who for one reason or the other, could not exercise their franchise in the December 7…

Barack Obama has named physics Nobel Prize winner Steven Chu as his energy secretary and tasked him with finding alternatives to fossil fuels. The US president-elect said the new administration's priorities were to end US dependence on…

Bad tax procedures and processes are responsible for the collapse of petty trading in rural districts of Ghana. This was disclosed by Mr. Abugre Robert Coordinator of Afaataba cooperative society at a research report workshop for petty…

A common reality for those in Africa, Asia, South America and many other regions of the so-called developing world is sex tourism. Recently, I met a man from Texas. He is in Ghana working in the oil industry. He is approximately fifty-five…

Ghana is seeking to extend her coastal line in order to explore opportunities for more oil resources and other economic gains.About eight billion barrels of oil, according to the International Sea Bed Authority Report in 2000, could be…

Shareholders of the Ahafo-Ano Premier Rural bank based in Kumasi are appealing to the Governor of the Bank of Ghana to intervene to save the bank from the "incompetent" hands of its management team. The shareholders are blaming the interim…

One major issue that is set to take center stage on the floor of Parliament is the controversial sale of 70 per cent shares of Volta Aluminum Company (VALCO) to International Aluminum Company. Both the Constitutional and Legal Affairs…

Kuwaiti mobile operator Zain launched a hi-tech 3.5G network in Ghana on Monday December 15, 2008 in the latest step in its plans to become one of the world's top 10 operators by 2011, the head of its African operations said. Zain, which…