Business

Ghana is a haven for investors – French Ambassador

Mr Francois Pujolas, the French Ambassador to Ghana says the political and socio economic stability in Ghana has made it a haven for investors the world over. He said business organisations in France were highly interested in the Ghanaian market adding “we in France have great confidence in the Ghanaian market, and this is buttressed by the political stability that ...

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Court to rule on ECG interlocutory injunction case

An Accra High Court is expected to today rule on an interlocutory injunction case file against the government on its plans to cede part of the operations of Electricity Company of Ghana (ECG) to a private entity. A group known as the Coalition Against the Concession of ECG contends that the proposed plan by government is not in the best ...

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High price, timing, force Access bank to extend IPO offer

Stock market analysts have cited inappropriate timing and pricing as some reasons leading to the extension of the offer period for Access bank’s Initial Public Offer. “The extension was given to investors who were not able to purchase within the stipulated period. As expected for some us we were not considering the deal to be flying; also, we think the ...

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Recent power cuts due to planned maintenance- ECG

The Electricity Company of Ghana(ECG) has attributed recent power cuts in some parts of the country to maintenance works it is undertaking to boost power supply. Some Ghanaians have recently complained of intermittent power cuts, blaming the situation on load shedding. But speaking to Business.com.gh News after a tour of some of the project sites in the Dodowa District, the ...

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Access bank extends IPO period by fourteen days

Access bank has extended its Initial Public Offer (IPO) period by two weeks. The bank has extended the closing period for the offer from November 11, 2016 to November 25, 2016. A statement from the bank on the extension said, “The Securities and Exchange Commission has granted the Bank an extension to its Initial Public Offer (IPO) period.” The offer ...

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Prez Mahama once more defends MiDA, ECG partnership

President Mahama has stressed that private sector participation in Ghana’s power sector is inevitable if the sector is to perform satisfactorily. According to him, the long term benefits over reduced losses outweigh the immediate concerns militating against such move. The decision to allow the Millennium Challenge Corporation (MCC) to take part in the management of Ghana’s power sector has been ...

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Government to reduce wage bills by 2017

President John Dramani Mahama says the government is focused on reducing the wage bill to 40 per cent by the end of 2017 and will, therefore, use all workable measures to ensure its reduction. He said wage overruns, unsustainable subsidies on petroleum products and power crisis placed huge economic challenges on the economy and once government was facing them head-on ...

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Two organisations introduce 4.5 million to agribusiness incubation in Ghana

Two organisations say they have introduced 4.5 million people in Ghana to agribusiness incubation. According to a press release copied to ghanabusinessnews.com, a memorandum of understanding was signed between the African Agribusiness Incubators Network (AAIN) and the Association of Small Scale Industries in Ghana (ASSI), which has 4.5 million members. “The incubation model which involves up scaling ideas and technologies ...

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