Business Archives - Page 4 of 41

October 8, 2024October 8, 2024

Zuckerberg Surpasses Bezos As World’s Second-Richest Person

Meta co-founder Mark Zuckerberg has officially claimed the title of the world's second-rihest person, surpassing Amazon founder Jeff Bezos following a strong week of trading for Meta shares. As of Friday, Zuckerberg's estimated net worth reached a staggering $205.4 billion, while

October 8, 2024October 8, 2024

Economic Turnaround Driving Companies Back To Ghana – Finance Minister

Finance Minister Dr Mohammed Amin Adam says foreign companies are returning to Ghana due to the country’s economic rebound. He said that just as it was heard of some foreign companies exiting the country due to economic hardship, many had started

October 3, 2024October 3, 2024

Ghana Likely To Pay More For Fuel Due To Israel-Hamas-Hezbollah War – COPEC

The Chamber of Petroleum Consumers (COPEC) has predicted that Ghana could end 2024 with significantly higher fuel prices if tensions in the Middle East continue to escalate and the cedi further depreciates. This warning comes after some Oil Marketing Companies (OMCs)

October 1, 2024September 30, 2024

Tenece CEO Urges Innovation and AI Governance for Tech Success

The Chief Executive Officer of Tenece Group, Kingsley Eze, has stressed the importance of innovation in driving growth and fostering leadership in the technology sector. Speaking at Tenece Ghana’s 10th anniversary, he said businesses could stay ahead of the competition through

September 30, 2024September 30, 2024

New Utility Tariff Hikes Will Worsen Cost Of Living – GUTA

The Ghana Union of Traders Association (GUTA) has questioned the justifications for the recent upward adjustment in water and electricity tariffs stressing that the increment will further reduce the purchasing power of consumers. The Public Utilities Regulatory Commission (PURC) on Saturday,

September 28, 2024September 27, 2024

BoG Launches Gold Coin To Discourage Hoarding Of Dollars

The Bank of Ghana (BoG) has unveiled the Ghana Gold Coin, a new investment initiative aimed at reducing dollar hoarding. As part of the domestic gold programme, this initiative seeks to absorb excess liquidity in the market and strengthen the local

September 27, 2024September 27, 2024

Stop Refuelling Vehicles With Passengers Onboard – NPA

The National Petroleum Authority (NPA) has cautioned commercial drivers against refuelling vehicles with passengers onboard. The Authority said such a practice endangered the lives of passengers as they were exposed to harmful chemicals. Speaking at the NPA Central Regional sensitization durbar

September 27, 2024September 27, 2024

LPG Shortage Cripples Accra, Threatens Nationwide Gas Station Closures

A severe shortage of Liquefied Petroleum Gas (LPG) has hit parts of Accra, causing significant disruption to daily life for residents and businesses. Many gas stations in the city are displaying "No Gas" signs, leaving consumers frustrated and scrambling for alternatives.

September 27, 2024September 27, 2024

David Asamoah Takes Over as Acting ECG MD

David Asamoah has been appointed as the acting Managing Director of the Electricity Company of Ghana (ECG), following the resignation of Samuel Dubik Mahama. Asamoah, who previously served as the Deputy Managing Director in charge of Commercial Services, will assume the

September 26, 2024September 26, 2024

Govt’s Dubious Contracts Collapsing Ghana’s Energy Sector – Minority

The Minority in Parliament has raised concerns over the resurgence of load shedding, popularly known as ‘dumsor,’ blaming it on dubious contracts signed by the government through the Ghana Gas Company. The caucus alleges that there is pressure on the Ghana