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The Ministry for Employment and Labour Relations has set Tuesday, July 12, 2022, to hold a second meeting with organised labour over their agitation for a 20% Cost of Living Allowance (COLA). The meeting will specifically be to negotiate…

Former finance minister Seth Terkper says collateralisation of revenue sources is inimical to the economy, leaving the country handicapped amid shocks from turbulent events. This, he said, is because collateralising inflows allows for…

The value of global trade rose to a record US$7.7trillion in Q1 2022, an increase of about US$1trillion relative to Q1 2021, according to UNCTAD’s Global Trade Update published on 7 July. The growth, which represents a rise of about…

Former Fifa president Sepp Blatter and vice-president Michel Platini have both been found not guilty following their fraud trial in Switzerland. The pair stood trial over a payment of 2m Swiss francs (£1.6m) made by Blatter to Platini in…

Former Auditor-General, Daniel Yao Domelevo, has been appointed to the Audit and Finance Committee of Global Fund. The board approved his appointment, together with 11 others on the committee, on 4 May 2022. Global Fund is a financing…

The Bank of Ghana has hinted it will appeal the decision of the Court of Appeal that quashed the revocation of the license of uniCredit Ghana Limited. The central bank said it had instructed its lawyers to appeal the decision in the…

Industry players are worried over a possible increment in tariffs, particularly electricity, as part of the outcome of discussions with the International Monetary Fund (IMF) – saying such a development would worsen the plight of domestic…

Ghanaian investors are now exploring alternative investment plans abroad. Following a turbulent first half of the year for the local economy, many are seeking to salvage whatever value is left on their money. According to Mark Pearson,…

As protests continue to rock Libya, with demonstrators setting fire to the House of Representatives in the eastern city of Tobruk and Libyans in the capital Tripoli demanding action against armed militias, soaring inflation, and power…

SX- and Aim-listed Sovereign Metals has signed a memorandum of understanding (MoU) with global trading and interments company Mitsui & Co for the offtake of 30 000 t/y of natural rutile from Sovereign’s Kasiya project, in Malawi. The…