President Nana Addo Dankwa Akufo-Addo, on Wednesday suspended four High Court Judges with immediate effect based on the advice of the Judicial Council and in accordance with Article 146 (10) (b) of the Constitution. The four judges are: Mr. Justice Uuter Paul Dery; Mr. Justice Mustapha Logoh; Mr. Justice Gilbert Ayisi Addo; and Mr. Justice … The post President suspends

Ghana and China are working to establish a $60 million Cocoa Processing Factory as part of plans to increase local processing of cocoa and boost consumption, Mr Joseph Boahen Aidoo, the Chief Executive Officer of COCOBOD, said on Wednesday.  Speaking ahead of a meeting with a team from China, Mr Aidoo said the factory, which … The post Ghana and China

Ms Cecilia Abena Dapaah, the Minister of Aviation on Wednesday said increased intra-African air connectivity will enable Africa seize the opportunity for growth provided by its demographic and resources advantage. She said Africa with its 1.1 billion population, and China with a slightly higher population of 1.3 billion have a lot to offer to each … The post Increased

Professor John Idoko, the newly elected President of the Society for AIDS in Africa (SAA) has said in the past decades, there were rise in other diseases that have direct or indirect relationships with HIV and AIDS. He said diseases such as Ebola and Lassa fever threaten to alleviate the fight against HIV and AIDS … The post Rise in other diseases, threat

Regional courts in Africa should be allowed to prosecute international crimes as a way of strengthening complementarity on the Continent, Chief Justice Hassan Jallow of The Gambia has suggested. “I remain convinced that complementarity can and should be taken a notch higher by vesting African regional courts such as the ECOWAS Court and the East … The post African

In a remorseful mood on Wednesday afternoon at the New Patriotic Party’s (NPP) Headquarters, Hajia Fati an activist of the Party, rendered an unreserved apology to all journalists for her misconduct. She particularly pleaded for clemency from Ohemaa Sakyiwaa, Multimedia journalist, whom she assaulted at the Party’s Headquarters Friday, May 4. Hajai Fati explained that … The post Hajia

Societe Generale recorded a block trade to close session of trading, as price movements were registered across banking, insurance and petroleum sectors on the Ghana Stock Exchange (GSE). The indices however trended downwards with the benchmark GSE-Composite Index slipping by 0.2 per cent to close at 3,479.9 points, Nordea Capital Investment Stock report obtained by … The post Societe

The Ghana Revenue Authority (GRA) has assured Ghanaians that registering for a Tax Payer’s Identification Number (TIN) does not mean paying taxes instantly. Mr Paul Kwame Darko, Chief Revenue Officer, Tema Medium Tax Office of the GRA, said Ghanaians were expected to pay taxes only after earning an income. Mr Darko, who was speaking at … The post Registering

A new fertilizer, that comes with nutrients for regenerating aged cocoa farms has been introduced to farmers. It has been branded “Cocoa Nti” and meant to help significantly boost crop yield and returns. The fertilizer, a product of Agricultural Manufacturing Group (AMG), is reported to have the added advantage of reducing fungal diseases by strengthening … The post New

The Emirates Group has announced a profit of AED 4.1 billion, equivalent to $1.1 billion for the financial year ended March 31, 2018. In an email copied to ghanabusinessnews.com, Emirates said this is its 30th consecutive year of profit and steady business expansion. According to the airline Group, the profit is up 67 per cent … The post Emirates announces $1.1b profit in

Former workers of the defunct Capital Bank and UT Bank, have renewed their demand for exit payment and other service benefits. They said it had been eight months since the collapse of these banks and the going had become really tough for them. “We are hopeful that the government will listen to our plight and … The post Ex-Capital and UT Bank workers demand

The Ghana Standards Authority (GSA) has met stakeholders in the fishery sector to brief them on the Revised National Fish Standards and to discuss issues affecting the sector.  The stakeholders, comprising vessel and land establishment operators, discussed how they could help implement the relevant quality and safety standards in the fishing industry to ensure safe … The post Ghana

Mr Alfred Agbesi Woyome, a financier of the National Democratic Congress party who has been directed by the Supreme Court to refund some over GH¢51 million paid to him wrongly by the state has asked the African Court of Human Right and Peoples’ Rights to uphold his rights under the African Union Charter. Mr Woyome … The post African Court to sit on Woyome’s case appeared

An application by the Food and Drugs Authority (FDA) seeking to dismiss a writ filed by the Cosmetics Association of Ghana following a ban on some bleaching creams has been dismissed. The FDA in a preliminary objection argued that the procedure used by the Cosmetics Association of Ghana was not in conformity with law. The … The post Court overrules

The World Trade Organisation (WTO) says world merchandise trade growth which posted its largest increase in six years in 2017 is expected to remain strong in 2018 and 2019. The anticipated merchandise trade volume growth of 4.4 per cent in 2018, as measured by the average of exports and imports, roughly matches the 4.7 per … The post WTO expects 4.4% growth in global

The second week of May trading on the Ghana Stock Exchange (GSE) opened on a good note as volumes increased considerably following a block trade of GH¢110.9  million in Anglogold Ashanti.  This pushed up the benchmark GSE-Composite Index by 0.2 per cent to close at 3,485.8 points, Nordea Capital Investment Stock Expert analysis obtained by … The post Ghana stock

The Vice President, Dr Mahamudu Bawumia, has underscored the need for greater economic co-operation among Sub-Saharan African countries by developing a common regional market that will exploit the advantages of their natural resources and population. To that end, he said, there must be a sub-regional strategy to develop the mineral resources such as gold, manganese … The post Africa

The ARB Apex Bank Limited is taking deliberate steps to reduce the cost of transactions to its customers and make things convenient for them through expansion of the coverage of its Automated Teller Machines (ATMs) services. Mr. Kojo Mattah, the Managing Director, said this also tied in with the government’s agenda of moving the nation … The post ARB Apex Bank

Dear Governor, I dare say that whereas the GH¢400 million ($88.5 million) minimum capital requirement you have placed on banks is not a bad policy in and of itself, but the fact that the decision is threatening to make Ghanaians mere spectators of the mainstream financial sector instead of major participants as President Nana Addo Dankwa … The post Open

The Vice President, Dr Mahamudu Bawumia, has underlined the need for African countries to add value to their natural resources before export to generate revenue for infrastructural development and to meet the expectations of their people. He said the old paradigm of natural resource exploitation and exports of raw agricultural products and raw minerals were … The post Value