Business

Ghana’s total Public debt has hit GhC 200 billion as at May, the Central Bank announced in its latest Summary of Economic Data. This means government borrowed about GhC 2 billion alone last month. The minority in parliament had earlier warned the debt stock has reached 200 billion cedis last …

The International Monetary Fund (IMF) says its bailout program has helped restored Ghana to a rising star in Africa. In its latest analysis of the Ghanaian economy, IMF seriously indicted Mr. Mahama during whose tenure Ghana opted for the bailout for grossly mismanaging the Ghanaian economy. Analysis According to the …

There has been a major increase in imports in Ghana three months after the government reduced import duties, Ghana Union of Traders’ Association (GUTA) has said. The government in April slashed the benchmark value for imports by 50 per cent, while the benchmark value for vehicles was also reduced by …

The Young Professional Network, a professional group sympathetic to the New Patriotic Party (NPP) has established its first diasporan branch in Vancouver, Canada, as part of efforts to mobilise various professionals in different fields to support the activities of the party and Ghana in general. During the maiden meeting in …

The International Monetary Fund (IMF) has placed Ghana on a Post Program Monitoring after the country’s debt levels with the Fund reached a little over $1 billion. JoyBusiness understands that the action was taken in June this year. When a member country borrows money from the IMF, its policies come …

Deutsche Bank has made the first of the 18,000 job cuts announced on Sunday as part of a radical reorganisation. Staff working in share trading in London, New York and Tokyo were told that their jobs were going. In London, some staff stayed away from work after being told their …

The ARB APEX Bank has cautioned against the spread of malicious information on social media about Rural and Community Banks. According to Deputy Managing Director of ARB Apex Bank, Alex Kwasi Awuah such false information are injurious to the banking sector as it stirs up fear in customers to engage …

Recently launched insurance firm, Bedrock Insurance Company Ltd, is determined to break through the fierce competition within the sector with a host of customer-centred innovations. Key among these innovations is technology-compliant products and service offering and prompt claims payment. Chief Executive Officer, Albert Eyeson-Ghansah, said Bedrock Insurance has already completed …

Ghana has leapfrogged South Africa to become the continent’s top gold producer, according to research by Bloomberg news agency. South Africa has for decades been the continent’s preeminent gold miner but high production costs and troubled labour relations have hobbled the industry there, Bloomberg says. On the other hand, in …

The PSC Tema Shipyard Limited, host to one of the largest shipyards and dry-docks on the African continent, has bounced back into activity and operation but needs a capital injection of about US$ 250 million for initial full operations. Workers are on site, with some ship engineers attending to ship …