The Management of the Ekumfi Fruits and Juices Ltd has described comments by one Osofo Kyiri Abosom the founder and leader of Life Assembly Worship Centre on a UTV programme, “Mpu ne Mpu” and widely circulated on social media over the weekend, as malicious, blatantly false, misleading and a calculated attempt to run down a promising Ghanaian business for political ...

William Ato Essien, a former founder and Chief Executive Officer (CEO) of collapsed Capital Bank, and three others, standing trial over the collapse of the financial institution, appeared before the Accra High Court, yesterday. The four, who are facing 26 charges, including stealing and money laundering, were granted GH¢200 million bail each with four sureties. The three others are Fitzgerald ...

Today, President of the Republic of Ghana, H.E. Nana Akufo-Addo, officially launched Ghana’s newest medical drone delivery base in the city of Mampong during a tour of the region. This marks the second of what will be four medical drone delivery bases that have been commissioned to help expand access to critical and life-saving medicines for people across Ghana. Zipline, ...

The International Monetary Fund (IMF) has given Ghana’s economy a clean bill of health. According to an IMF team which is in the country for Article 4 Consultations, Ghana’s economy remains favourable. The team on Wednesday met with the Finance Committee of Parliament as part of its mission. The discussions, amongst others, centered on macroeconomic performance, revenue mobilisation, the financial ...

The government’s flagship programme the One district-One factory, which is to create jobs and alleviate the rate of poverty in the districts and communities, is beginning to gain grounds. The Alliance for Development and Industrialisation (ADI) has found out that the Ekumfi Juice Factory, which is near completion, will create 5000 direct out grower jobs within the community and its ...

Chief Executive Officer of the Ghana Exim Bank, Lawrence Agyisam says 90% of monies has been disbursed to ensure that two factories under the One District One Factory project in the Central Region is opened by December 2019. “As we speak now the Bank has disbursed about almost 90% of monies. Out of GHc14.4 million, we have disbursed almost GHc11. ...

An International Monetary Fund (IMF) mission is in currently in Ghana to have discussions with officials of the Government of Ghana, a statement by the Ministry of Finance, has said. This meeting will be the first since Ghana successfully exited the IMF, the statement said. “An international monetary fund (IMF) mission is visiting Ghana from Monday 30th September – Friday, ...

The Enterprise Group has dismissed claims that 51 percent shares of the Power Distribution Services (PDS) have not been diverted to the company. The claim was made by Energy expert, Kwame Jantua, who questioned how the 51 percent PDS stake given to Association of Ghana Industries (AGI) to collate Ghanaian businesses to buy was diverted Enterprise Group. “I’m waiting to ...

Discontented contractors who postulated that Ghana First Company Limited has refused to pay them for 60% of work done have failed to show up when the company gave the leeway for those within the category to show up for their claims. Reports emerged earlier this week that some contractors of the multinational company are aggrieved for not being paid for ...

The Bank of Ghana has warned against the pricing, advertising and receipt or payment for goods and services in foreign currencies. This is the third time this year the BoG has issued the notice prohibiting the act after similar calls in April and May. Some institutions and individuals trade in foreign currencies which are without authorisation according to the BoG. ...