Business News

Growing okada business: to be legalized or not to legalize?

Vice President, Dr. Mahammudu Bawumia has said the New Patriotic Party (NPP) will not succumb to pressure to make the commercial use of motorbikes, popularly known as ‘okada’, a legal means of commercial transport. Describing the operationalization of okada in the country as a “risky business”, Dr. Bawumia announced the government’s proposed alternative to offer new cars to the …

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The Ghana Private Road Transport Union (GPRTU) has asked Executives of the union to step aside as an interim committee has been formed to elect new executives members This follows a protest by some members of the union who had said the chairman was overstaying his tenure as their leader. The GPRTU National Executive Committee …

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Over 5,000 fraudsters apply for COVID-19 stimulus

It has been detected that applicants with fictitious data, documents and personal details were among those who applied for the special fund set up by the government to cushion small- and medium-scale businesses from the impact of the coronavirus disease (COVID-19). Data from the National Board and Small Scale Industries (NBSSI) showed that 5,200 out …

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Court of Appeal throws out BoG application against GN

The Court of Appeal has dismissed an application filed by the Bank of Ghana (BoG), which was challenging the jurisdiction of the High Court in the case of GN Savings and Loans company. The Court of Appeal, presided over by Justice Ackah Yensu with Justices L.L. Mensah and Anthony Oppong, unanimously dismissed the regulator’s application …

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