LVMH boss Bernard Arnault overtakes Bill Gates as world’s second-richest person
It’s the first time since the index was created seven years ago that Gates has dropped out of the top two. Arnault has a net worth of around $108 billion, according to the index, having added $39 billion to his fortune in the past year. Microsoft (MSFT) founder Gates…
NAM 1 arrives in Ghana today – A Plus hints
Embattled Chief Executive Officer (CEO) of Menzgold, Nana Appiah Mensah alias NAM 1 is expected in the country latest by midday according close confidant, A Plus. According to him, NAM 1 left Dubai on Wednesday night and is expected to touch down in Ghana by…
Gov’t in talks with private airlines to operationalize Ho airport – Letsa
The Volta Regional Minister, Dr. Archibald Letsa has indicated that the government is already in talks with private airline operators to make the Ho airport operational. “The airport is ready but there are a few things that need to be done…For the flight, the private…
Pay debt owed IPPs to prevent ‘dumsor’ – Jinapor
A former Deputy Power Minister, John Jinapor, is urging the Power Distribution Services (PDS) to promptly pay off its debt owed the Independent Power Producers to forestall any disruptions in power supply. PDS has denied owing the power producers, claiming that the debts were accrued…
Helena Huang deported after Rosewood smuggling case
The Chinese national arrested with four containers of Rosewood, Helena Huang has been deported. Her deportation, which was made known by the Ghana Immigration Service was based on the revocation of her resident permit due to her engagement in the alleged smuggling of Rosewood. The…
Dubai court upholds ruling in favour of NAM1, orders Royal Horison to pay $39m
The Dubai high court hearing the case involving Menzgold CEO, Nana Appiah Mensah and his Arabian debtors, Royal Horison, has upheld its earlier ruling ordering the United Arab Emirates-based company to pay up $39 million owed the Ghanaian. The court at its sitting on Tuesday…
Finance Ministry approves Ghc1.5 billion for 14 road projects
The Minister of Finance, Ken Ofori-Atta, on Friday 28 June conditionally approved a multi-year funding commitment of more than GH¢1.56 billion for the commencement of 14 road projects over the medium term. The move to approve the projects will see reconstruction, rehabilitation and upgrading of…
Utility tariff increases take effect today
Consumers of electricity and water across the country will be paying more for utilities beginning today, July 1, 2019, following the upward tariff adjustment announced by the Public Utilities Regulatory Commission (PURC) last month. The Utility Services Regulator approved an 11.17 percent tariff increment for electricity…
Supermarkets in Ghana sell only 18% local goods – Report
Only 18 percent of consumable goods sold in Ghana’s leading supermarkets originate from the country. This was captured in a report produced by a diversified international advisory firm known as Konfidants. The report is the first in a series of Africa-wide surveys aimed at monitoring…
ECOWAS finally adopts ECO as single currency
Beginning in January 2020, countries within the West African sub-region will be able to use a single currency called ECO. The currency was adopted by the Authority of ECOWAS Heads of State and Government on Saturday in Nigeria’s capital Abuja. The West African leaders endorsed…
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