business news

AG recommends prosecution of NDC’s Ashie Moore for alleged theft of a Singaporean businessman’s property
business

AG recommends prosecution of NDC’s Ashie Moore for alleged theft of a Singaporean businessman’s property

The Office of the Attorney-General has recommended that the Greater Accra Regional Chairman of the National Democratic Congress (NDC), Emmanuel Nii Ashie-Moore, be charged with stealing, following allegations that he removed a Singaporean businessman’s luggage and personal belongings while the businessman was in police custody. Background to the US$800,000 ECG contract allegations The case is linked to allegations by Singaporean businessman Toh You Kang, who accused Mr Ashie-Moore of taking US$800,000 in connection with purported contracts with the Electricity Company of Ghana (ECG) for the…

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MOMO FinTech Lab backs young innovators in northern Ghana
business

MOMO FinTech Lab backs young innovators in northern Ghana

Young innovators in northern Ghana are getting an opportunity to turn ideas into technology-driven solutions to local challenges, as MOMO FinTech steps up efforts to nurture talent beyond Accra and develop the next generation of financial technology entrepreneurs. Speaking to the media after the hackathon in Tamale, the Chief Executive Officer of MOMO FinTech, Shaibu Haruna, said the initiative was introduced after the company observed that FinTech businesses were largely concentrated in Accra, despite the availability of talented young people across the country.

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More than third of post offices in TG Jones stores to shut by early 2027
business

More than third of post offices in TG Jones stores to shut by early 2027

Closures within chain formerly under the WH Smith brand raise fears of high streets becoming ‘postal deserts’ Towns and even city centres face being left as “postal deserts” after it emerged that more than a third of post offices within the troubled TG Jones chain are closing. So far this year 36 branches within the high street chain formerly known as WH Smith have closed and a further 34 are set to close by early 2027, according to Post Office records analysed by the Guardian.

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Volvo Cars Faces Loss, To Cut 2,500 Jobs Worldwide
business

Volvo Cars Faces Loss, To Cut 2,500 Jobs Worldwide

Hampus Engellau, an analyst at Handelsbanken, told AFP that in addition to tough markets, Volvo Cars was also suffering from problems of “its own making”. Volvo Cars said in September that Samuelsson would resign when his contract ends, with Skoda Auto CEO Klaus Zellmer set to replace him “no later” than October next year.

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Radiogad expands business interests
business

Radiogad expands business interests

Media personality, Destiny Ezeyim, popularly known as Radiogad, has expanded his business interests into real estate, entertainment, agriculture, and autom

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Again, petrol price hike looms after crude hits $115
business

Again, petrol price hike looms after crude hits $115

The sharp rise in international crude oil prices could trigger another increase in petrol prices in Nigeria, with Brent crude climbing to $115.18 per barrel on Friday amid growing fears of renewed military strikes on Iran and further disruptions to global oil supplies. The latest rally in crude prices comes as Dangote Petroleum Refinery and

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Oil little changed as supply concerns linger amid Houthi attacks on Saudi Arabia
business

Oil little changed as supply concerns linger amid Houthi attacks on Saudi Arabia

Oil prices were little changed in early Asian trading on Friday, after rising 4% to a five-month high in the previous session due ​to concerns of further energy supply disruption after Houthi attacks ‌on top exporter Saudi Arabia. In Libya, an oil pipeline valve from the Hamada and Tahara oilfields to Zawiya port has been shut, reducing production at both fields, the head of the National Oil Corporation told Reuters on Thursday.

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Fubara Promises 700 Shops At Creek Road Market By January 2027
business

Fubara Promises 700 Shops At Creek Road Market By January 2027

Rivers State Governor, Siminalayi Fubara, says the first phase of the Creek Road Market reconstruction in Old Port Harcourt Township will provide about 700 shops for traders, ease traffic congestion and improve trading conditions. Fubara described Old Port Harcourt Township as a historic part of the city and home to elderly residents and the original inhabitants, whom he referred to as the “Aborigines”.

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Naira depreciates to N1,367/$ in parallel market
business

Naira depreciates to N1,367/$ in parallel market

*Interbank turnover rises 219% By Elizabeth Adegbesan The naira today depreciated to N1,367 per dollar from N1,363 in the parallel market on Thursday. Data from the Central Bank of Nigeria, CBN, showed that the indicative exchange rate for the naira rose to N1,370 per dollar from N1,365 per dollar on Thursday, indicating N5 depreciation for the naira.

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Kumasi Traders Federation Chairman enstooled as Nerebehi Chief
business

Kumasi Traders Federation Chairman enstooled as Nerebehi Chief

Chairman of the Federation of Kumasi Traders Association, Nana Kwarteng Apegyabie Prempeh II, has been enstooled as the new Chief of Nerebehi, a community, in the Atwima Nwabiagya South municipality of the Ashanti Region. Nana Kwarteng Apegyabie Prempeh II will hold the title of Bantamahene Apakanhene and oversee the traditional council of Nerebehi and twelve surrounding communities.

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Engineering Ghana’s automotive and transport transformation: From import dependence to industrial growth
business

Engineering Ghana’s automotive and transport transformation: From import dependence to industrial growth

Ghana’s automotive and transport sectors hold enormous potential for industrialisation, job creation, investment and economic growth. 2. Stronger Institutions & Safer Vehicle Imports Institutions such as the Ghana Automotive Development Centre must have the funding, skilled personnel and technical capacity to develop and implement internationally aligned policies.

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