Bitcoin drops $2,000 in value as South Korea announces planned trading ban


News follows nation’s clampdown on cryptocurrencies as exchanges are raided over alleged tax evasion and fears of gambling addiction  Bitcoin’s 1,500% surge since January 2017 has spurred huge demand, stoking worries of a growing gambling addiction in the country. Photograph: Anadolu Agency/Getty Images The value of bitcoin plunged 13.5% in the early hours of Thursday after news hit that South Korea is ...

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Govt misses inflation target for 2017

Bank of Ghana

THE GOVERNMENT has failed to reach its target to reduce the inflation rate from 15.4% it inherited to 11.2% by the end of 2017, as the year ended with 11.8%. The Consumer Price Index(CPI) which measures the change over time in the general price level of goods and services that households acquire for the purposes of consumption in December 2017 ...

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Ministry of Energy reacts to claims by Minority

THE MINISTRY of Energy has reacted to some claims by the Minority in Parliament at a recent press briefing addressed by the spokesperson on energy, Mr Adam Mutawakilu. In a statement signed by Nana Damoah, head, communications at the Ministry and copied to the BUSINESS.COM.GH the ministry rubbished claims by the Minority that government had not made any proposal to the ...

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Entrepreneur and Corporate Executive Awards nomination opens

The Entrepreneurs Foundation of Ghana (EFG) has opened nominations for the 8th edition of Ghana Entrepreneur & Corporate Executive Awards 2018. The deadline for entries to be nominated for Ghana’s most prestigious awards for entrepreneurs & corporate executives is 31st January, 2018. Ghana Entrepreneur & Corporate Executive Awards 2018 is an initiative of Entrepreneurs Foundation of Ghana, in partnership with Omnibank ...

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KLM to pay €600 compensation

Dutch carrier, KLM, is to pay an amount of €600 (Euros) as compensation to passengers who were denied boarding due to over booking on an Accra-Amsterdam bound flight on Saturday January 6, 2018. In all, sixteen (16) passengers were affected, out of which 13 passengers went home and three were booked in a hotel. All affected passengers received GHȼ 50 from ...

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1D1F: GH₵7.7m ready to finance Ekumfi Fruits & Juices factory


The Ghana Export and Import (EXIM) Bank has released a funding mechanism of GH₵7.7million to finance the entire Ekumfi Fruits & Juices Company Limited located in Ekumfi Abor in the Central Region. Available information suggests that part of the money has already been spent in the acquisition of implements such as tractors, tricycles and pick-up vehicles needed for operations for ...

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There was no intention to cash in on recruitment – GIS

THE GHANA Immigration Service (GIS) has set the records straight over the brouhaha that surrounded the sale of its e-vouchers for recruitment into the service. According to the GIS, it was not the intention of management to cash in on the process because the process of recruitment was not peculiar to the GIS. “In fact, that is the process used ...

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Scientist fear they may be creating a ‘digital dark age’?

 You may think that those photos on Facebook or all your tweets may last forever, or might even come back to haunt you, depending on what you have out there. But, in reality, much of our digital information is at risk of disappearing in the future. Unlike in previous decades, no physical record exists these days for much of the ...

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The Chief Executive Officer of Excellence In Broadcasting (EIB) Network, Nathan Kwabena Anokye Adisi, popularly known as BOLA RAY has been adjudged the Young Entrepreneur of the year 2017 at the first edition of the Myjoyonline Influence Awards.  The celebrated Ghanaian broadcaster recently launched his biography which outlined his pursuit of personal and entrepreneurial passions in his book ‘ it ...

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Saint Ozwald competes with Zara

SAINT OZWALD, a Ghanaian shoe brand which focuses on manufacturing fashionable and executive shoes for  men,  is currently competing with top designs like Zara in the fashion industry in terms of quality. Sandra Kyeremaa also was known as Sandra Ozwald who is the founder and Chief Executive Officer of the company describes the Ozwald brand as more comfortable than the ...

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