Ed Pyne

Banks wrote off ¢349.36 million as bad debt in the February 2022, the Domestic Money Banks Income Statement has revealed. This is lower than the ¢364.46 million recorded in February 2021. The total provisioning comprising loan losses, depreciation, among others...

The Bank of Ghana (BoG) says no real estate company in the country has been authorised to price or transact business in foreign currencies. Head of Financial Stability for BoG noted that although some hoteliers have been granted the permission...

A typical maxim about a liberalized business environment is that, “It is not the business of government to do business but to create an enabling business for private enterprise to thrive.” In the 1980s, Ghana’s adoption of the World Bank’s...

State-Owned Enterprises (SOEs) recorded a GH¢2.61 billion loss in 2020, the 2020 State Ownership Report has found. The loss represents a 49.2 percent improvement on the 2019 aggregate net loss of GH¢5.16 billion recorded by the 47 SOEs. The report...

The Ministry of Finance (MoF) has announced that State Owned Enterprises (SOEs) recorded an aggregate loss of GH¢ 2.61 billion in 2020, even though that represents a nearly 50 percent (49.2 percent) improvement on the 2019 aggregate net loss of...

MTN is well on course to transition from a telecommunications company (TelCo) to a full-fledged, digital-first technology company (TechCo), Chief Executive Officer of its country division, Selorm Adadevoh, has affirmed. In an interaction with investors and other stakeholders at a...

The Nissan Motor Corporation, in collaboration with its local partners, has commissioned a $9 million assembly plant to produce vehicles in the country. The Nissan Assembly Plant in the Industrial City, Tema, which has the capacity to produce 11,593 units...

Parliament has passed the Electronic Transfer Levy in the absence of the Minority MPs, who had walked out before the Bill was considered at the second reading stage. The Minority had complained that it had been taken by surprise by...

The further businesses navigate through this new frontier acclimating to our current reality where Covid is ever-present and the world of work is being reorganized from a centralized model to decentralized standards and practices, the value of mental health is...

PEUGEOT has announced the start of production at the Silver Star Auto assembly plant of its globally acclaimed SUV, the PEUGEOT 3008 and the all-new 1-ton PEUGEOT pickup, the LANDTREK. This great achievement marks a new milestone in the partnership...