On a hot and humid day in the small town of Wassa, Ghana, chaos erupted at the Golden Star Wassa Mine. The workers were going about their daily routine when a group of illegal miners stormed the facility and set it on fire. The illegal miners, known as “galamseyers,” had been a thorn in the […]

US Treasury Secretary Janet Yellen faced questioning from legislators on Thursday, March 16, 2023, over the decision to protect uninsured money at two failed regional banks, becoming the first official from President Joe Biden’s administration to do so. Some have criticized the move to protect uninsured deposits, which were held by customers of the failed […]

Credit Suisse, one of the largest banks in Switzerland, suffered a significant blow on Wednesday as its shares plunged by over a quarter of their value to a record low. This came after the bank’s largest shareholder, the Saudi National Bank, made it clear that it would not be providing any additional funding to the […]

Tom Nørring, the Ambassador of Denmark to Ghana, is advocating for a more robust collaboration between Danish and Ghanaian enterprises to address the issue of food waste in the country. Despite Ghana’s abundant food resources, a significant amount of food goes to waste every year due to poor storage and distribution systems. Ambassador Nørring believes […]

Companies that have not renewed their certificates or filed their annual returns since incorporation will be struck off the register, according to the Office of Registrar of Companies. This directive is expected to affect more than 500,000 companies. Jemima Oware, the Registrar of Companies, urged the firms that refuse to renew their certificates to avoid […]

At this year’s MacFrut Exhibition in Rimini, Italy, stakeholders from across the fruit and vegetable value chain will converge. Participants will have the opportunity to share knowledge, network, and trade agricultural equipment during the conference, scheduled for May 3 to 5, 2023. Furthermore, they will take advantage of Italy’s expertise in agricultural production and manufacturing. […]

To supervise the country’s financial sector, the International Monetary Fund has appointed a Resident Advisor to the Bank of Ghana. This appointment was at BoG’s request and will be fully funded by Switzerland’s State Secretariat for Economic Affairs (SECO). An Irish and Kenyan, Leonard Chumo, has been selected as the fund’s new head of the […]

Attempting to raise more money from ‘back tax’ penalties may cause investor revolt in Ghana. Following the warning from South African Foreign Minister Naledi Pandor, Bloomberg reports that South African companies have disinvested in countries where they were facing challenges, damaging their economies.  MTN, Tullow, Goldfields and Kosmos Energy had been penalized for back taxes […]

Customers on the Pay Monthly and Pay-As-You-Go customers of MTN Ghana will begin receiving a 15 percent price increase starting February 7. Data bundles will be evaluated based on offers, according to the telecom giant. On November 14, last year, the company announced it was planning to increase data prices, but that was suspended after […]

It was an evening to remember for Ghana – the #PatrioticSpaces event held last evening was a hit among participants and social media users. With his knowledge and insights into foreign direct investment as a tool for national development, guest speaker Yaw A. Afriyie impressed the audience. Participants were quick to take to social media […]