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Business

91-day bill yield falls to 16.4%

The yield on the Bank of Ghana’s weekly 91-day bill fell to 16.4281 percent at an auction on Friday December 23, from 16.6759 percent at the last sale on Dec. 16, a report by Reuters has said. The bank accepted 691.07 million cedis ($160.9 million) worth of bids of the …

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TOR workers to support incoming administration

The Tema Oil Refinery (TOR) has held its annual thanksgiving service with a charge to workers to fully support any administration appointed to take over after January 7, 2017. The nation’s refinery managers who are mostly politically appointed, anticipate a new management when the National Democratic Congress (NDC) hands over …

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Domestic air travel volume unchanged during Xmas

Despite the increased travels that usually characterise festive seasons, domestic airlines are yet to witness any of such increases. The airlines say the volume of patronage of air transport has not changed significantly during the Christmas season. According to them, the numbers have been almost the same as expected for …

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How Gov’t policies frustrate businesses in Africa: Dangote Cement’s experience in Tanzania

A recent squabble over energy supply between Dangote Cement, Mtwara and Tanzanian officials is a case of how change in government stifles Africa’s economic development. The former administration, towards attracting foreign investments, offered incentives to investors which Dangote Group took advantage of to invest $600 million in a new cement …

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Mahama leaving behind stable economy – Terkper

Finance Minister, Seth Terkper has stated that the outgoing John Mahama administration is leaving behind a stabilized economy. This, according to him, was as a result of the government’s fiscal consolidation programme, resulting in stabilization of the cedi, reduction of budget deficit from 12% to 6.3% in 2015 including reduction …

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No fuel price increment – Terkper

Outgoing Finance Minister Seth Terkper, who also doubles as acting Power Minister, has assured Ghanaians there will be no increment in fuel prices at least during the Yuletide. “As we stand here BOST together with Ministry of Finance have invested in three cargos of crude which we put in strategic …

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NTHC to adopt measures to beat competition

The National Trust Holding Company (NTHC) is to institute measures to position the company to take advantage of existing opportunities and to overcome challenges to enhance growth. These measures would include the redefining of NTHC processes, enhancing systems and developing people to meet the expectations of customers and the threats …

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