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Business

A wonderful serenity has taken possession of my entire soul, like these sweet mornings of spring which I enjoy with my whole heart.

The African Centre for Energy Policy (ACEP) has described the 11% increment in electricity tariffs as the best so far. Speaking in an interview with Nyankonton Mu Nsem on Rainbow Radio 87.5Fm, Mr. Benjamin Boakye, the Executive Director of ACEP said, the increment is a reasonable one compared to previous years. ACEP had raised concerns …

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Majority leader Osei Kyei-Mensah has asked Ghanaian traders to partly blame themselves for the existence of foreigners in Ghanaian markets. Speaking in an interview with Rainbow Radio’s Afia Kwarteng, he said some Ghanaians front for foreigners to register their businesses and when they start taking over petty trading and retail business, we complain. The legislator …

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The National Insurance Commission (NIC) has increased the minimum capital requirement of insurance companies by over 300 percent. A statement issued to that effect indicated that the increment was agreed on after a series of consultations with stakeholders since 2017. The statement also revealed it also considered the developments within the financial landscape over the …

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The Minister for Trade and Industry, Alan Kyerematen has disputed claims that the Akosombo Textile Limited is on the verge of total collapse. He was in Parliament on Wednesday to assure legislators that the government has put in place measures to prevent the company from collapse. His assurance was in response to a question posed …

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Ghanaian traders have attacked and ransacked shops of their Nigerian counterparts, burning lorry tyres Wednesday morning, which caused the Nigerian traders to flee, Rainbow Radio’s Kwabena Amoateng has reported. According to him, the Nigerian traders opened business Wednesday morning, but unfortunately were attacked. He said the police arrived at the scene tot maintain law and …

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The leader of the Nigeria Spare Parts Dealers at Suame Magazine in Kumasi, Chief Kizoto Obiola, has rubbished reports they trade in inferior goods. Speaking to Nana Adjoa Owusu on Frontline on Rainbow Radio 87.5Fm he said anyone who would make such claims does not know what he is talking about. Ghanaians, who vowed to …

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Members of the Suame Spare Parts Dealers Association have shutdown shops belonging to Nigerians over the allege sale of inferior goods. Information gathered by Rainbow Radio indicates that the Ghanaian traders have vowed to evict the Nigerian traders over their illegal trading activities. The Ghanaian traders have also alleged that the Nigerian traders were not …

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A former Justice of the Supreme Court, Professor Justice Samuel Date-Bah, who was appointed by the Commercial Division of the Accra High Court to arbitrate in the case of the uniBank, has written to the parties involved in the matter to appear before him tomorrow, June 19, 2019. The appearance of the 16 shareholders, the …

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Finance Minister Ken Ofori-Atta has expressed confidence of the ability of government to meet its revenue target for this year despite the challenges confronting it. Speaking to the media in Malabo in Equatorial Guinea where he attended the Annual African Development Bank (AfDB), he said He said government has put in place measures, which they …

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The Member of Parliament for Manso Adubea Yaw Frimpong has stated that the decision by stakeholders in the cocoa industry to peg the tonne of cocoa at $2,600 was long overdue. Stakeholders including cocoa buyers, traders and processors of cocoa beans have agreed in principle to buy the commodity from Ghana and Cote d’Ivoire at $2,600. The …

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