BUSINESS NEWS

The Ghana Tourism Authority says it spent about GH¢ 6 million in promotion of the ‘Year of Return’ campaign in and out of the country. The Chief Executive Officer of the Authority, Akwesi Agyemang said the expenditure did not include spending on media documentaries. “We spent somewhere in the region …

Egyptian regulators have approved Uber’s $3.1 billion acquisition of regional rival Careem, after agreeing to a set of commitments proposed by the U.S.-based ride-hailing service meant to reduce harm to competitors. The Careem acquisition was announced in March after more than nine months of stop-start talks between the two companies, handing …

Ghanaian government has joined eight other African states on the decision to abandon the CFA Franc, in favour of the proposed, new common currency of ECOWAS, the ECO, beginning in 2020.  A statement by the government of Ghana stated that “We, in Ghana, are determined to do whatever we can …

President Akufo-Addo has said the government will soon make public, investigations into the circumstances that led to the collapse of some indigenous banks in the country. According to the President, preliminary investigations reveal that huge assets of the collapsed banks were diverted. In his Christmas message to Ghanaians, President Akufo-Addo …

On behalf of the shareholders, directors, management and staff of Groupe Nduom, I want to thank each and every one of our customers for the relationship we have built over more than 30 years and particularly for the business you have done with us this year, 2019. This has been …

The Federal Government of Nigeria has stated that it is yet to decide a terminal date when the country’s border would be reopened to neighboring countries. The Federal Government had in August closed its borders to neighboring countries in an exercise code-named operation Exercise Swift Response. The action which had …

MTN Ghana CEO, Selorm Adadevoh, has said that telcos already pay corporate taxes on their mobile money earnings and so any additional tax will tantamount to taxing the consumer. “We already pay corporate taxes on mobile money so more taxes are likely to burden the consumer, which has the potential …

The Ghana Civil Aviation Authority (GCAA) is notifying passengers travelling by air of potential challenges in the operations of airlines as the Harmattan season approaches. According to the regulator, the season which is characterised by dry and dusty wind which causes poor visibility conditions and in extreme cases can lead …