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Category: Business

Business

TOR MD calls for expansion

January 10, 2017, Author: Millicent Smith

The outgoing Managing Director of the Tema Oil Refinery (TOR), Kwame Awuah Darko, has urged his successor to pursue the expansion drive and increase the competitiveness of the refinery. He argued that TOR could lose its economic potential if plans are not implemented to strengthen the current benefits accruing to the company. Awuah-Darko’s suggestions follow […]

Business

Bankers upbeat about Nana Addo’s private sector development agenda

January 10, 2017, Author: Millicent Smith

Players in the banking industry are upbeat about a turnaround in the sector with the assumption of office by President Nana Akufo-Addo. It also follows a reaffirmation by the President to develop the private sector and propel economic growth. According to banking Consultant, Nana Otuo Acheampong, the elimination or reduction of some taxes on the […]

Business

Investors’ sentiments titled towards optimism

January 10, 2017, Author: Millicent Smith

Investors’ sentiments slanted towards positivity in the first trading week of the year as the Ghana Stock Exchange (GSE) bourse opens on a bullish note, signalling a favourable year for equities. Consequently the benchmark GSE-Composite Index rose by 0.6 per cent to close at 1,699.4 points, representing a year-to-date return of 0.6 percent, and the […]

Business, Featuring

Appoint competent ministers in 30 days – GUTA to Nana Addo

January 10, 2017, Author: Millicent Smith

The Ghana Union Traders’ Association (GUTA), wants President Nana Akufo-Addo to appoint competent Ministers to operate the Trade and Finance Ministries within his first 30 days in power. According to GUTA, appointing efficient Ministers will help address their grievances. Already, there are reports that Executive Director for Databank Financial Services, Ken Ofori-Atta and businessman, Alan […]

Business, Featuring

Traders make gains from Nana Akufo-Addo’s investiture

January 9, 2017, Author: Millicent Smith

Many traders, on Saturday, took advantage of the large crowd that gathered at the Black Star Square for the swearing-in ceremony of Nana Addo Dankwa Akufo-Addo as President, to make brisk business. They sold various items beautifully designed with the colours of the New Patriotic Party (NPP) of Blue, Red and White, but made marginal […]

Business

SSNIT defends 18% increase in pension benefits

January 9, 2017, Author: Millicent Smith

The Social Security National Insurance Trust (SSNIT) has justified its 18% increment of pension benefits. This is despite complaints of pensioners who had hoped for a higher percentage increase of their pensions. The increment is however 2% lower than the 20% increase announced in 2016. The Corporate Affairs Manager of SSNIT, Eva Amegashie who explained […]

Business

Ghana open to business again – Akufo-Addo

January 9, 2017, Author: Millicent Smith

President Nana Akufo-Addo has assured Ghanaians that his government will ensure that businesses thrive. Mr Akufo-Addo had promised to cut down taxes and remove impediments that serve as challenges in doing business in Ghana. Speaking during his investiture in Accra on Saturday January 7, President Akufo-Addo, who was sworn in as the fifth president of […]

Business

Cocoa has seen improvement with our government – Terkper

January 9, 2017, Author: Millicent Smith

Outgoing Finance Minister Seth Tekper has debunked claims by cocoa dealers about the dwindling profits on cocoa proceeds. According to him, the cocoa sector is still profitable and will not deteriorate. Cocoa yields for the 2016 crop season fell short of one million tonnes causing cocoa dealers to express severe reservations. But speaking on the […]

Business

Compel banks to allocate loans to agriculture – GAWU to gov’t

January 9, 2017, Author: Millicent Smith

The General Agriculture Workers Union (GAWU) has appealed to the Nana Akufo Addo administration to use policy tools to compel commercial banks in the country to cede a substantial portion of their loan portfolio to the agriculture sector. According to him, the non-existence of such policies is the cause of low investment in the agriculture […]

Business, Featuring

TOR faces threats from Dangote’s refinery – MD

January 7, 2017, Author: Millicent Smith

The outgoing Managing Director of the Tema Oil Refinery (TOR),Kwame Awuah Darko, has urged his successor to pursue expansion drive and increase the competitiveness of the refinery. He argues TOR could lose its economic potential if plans are not implemented to strengthen the current benefits accruing to the company. Mr. Awuah-Darko’s suggestions follow plans by […]

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