business news

Canada unveils budget to curb reliance on US
business

Canada unveils budget to curb reliance on US

Canadian Prime Minister Mark Carney’s government presents its budget on Thursday, a plan designed to reduce US reliance, which remains Ottawa’s priority despite President Donald Trump’s midterm election setback. Carney says Canada needs to urgently diversify its trade relationships and has named Thursday’s budget — his second since taking office last year — “Masters of our Destiny.”

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Tax relief, falling interest rates ease business costs – GNCCI CEO
business

Tax relief, falling interest rates ease business costs – GNCCI CEO

Tax relief and falling interest rates are easing production costs, but businesses still face pressure, the Chief Executive Officer of the Ghana National Chamber of Commerce and Industry (GNCCI) said. Speaking on Joy News’ PM Express Business Edition on Thursday, he said: “Relatively, business has been good.

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All unauthorised billboards in Accra to be removed on November 14
business

All unauthorised billboards in Accra to be removed on November 14

Enforcing national standards The joint action follows recent disclosures by the AAG indicating that up to 60 per cent of the estimated 10,000 billboards dotting Accra’s skyline are unauthorized, poorly anchored, or erected in violation of statutory zoning rules. High-density inspection drive Starting Saturday, November 14, 2026, task forces comprising officials from the Ministry, the AAG, Metropolitan, Municipal, and District Assemblies (MMDAs), the GSA, and security personnel will deploy across selected high-density corridors in Accra to audit structures and launch physical removals.

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Salem Kalmoni outlines 8 key factors for his family’s business success in Ghana
business

Salem Kalmoni outlines 8 key factors for his family’s business success in Ghana

Family cohesion, perseverance and a commitment to honest work have been central to the longevity of the Kalmoni business enterprise, according to the Chief Executive Officer of Japan Motors Ghana, Salem Kalmoni. Japan Motors Trading Company, established in 1962, has grown into a major player in Ghana’s automotive industry, distributing vehicles and related products from Japanese and other international brands.

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Africa must reject foreign economic models, embrace own solutions — Oramah
business

Africa must reject foreign economic models, embrace own solutions — Oramah

By Efe Onodjae Immediate past President and Chairman of the Board of Directors, African Export-Import Bank (Afreximbank), Prof. Benedict Oramah, has urged African countries to abandon the wholesale adoption of foreign economic models and develop home-grown solutions to achieve economic independence. Oramah said Afreximbank mobilised more than $40 billion through its central bank deposit programme during his tenure, demonstrating the capacity of African institutions to manage substantial financial resources.

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UN, EU, Germany woo investors to Borno
business

UN, EU, Germany woo investors to Borno

…Zulum pledges business-friendly reforms By Ndahi Marama, Maiduguri The United Nations (UN), European Union (EU), German Government and other development partners are supporting efforts to attract private investment to Borno State to create jobs and help displaced families rebuild their livelihoods. At the third Borno State Private Sector Engagement and Investment Roundtable in Abuja on Thursday, representatives of the UN, EU and German Embassy pledged continued support for the state’s recovery through private sector investment.

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Euphoria turns to raw fear on Wall Street
business

Euphoria turns to raw fear on Wall Street

Wall Street indices nosedive as investor thinking about the rollout of AI infrastructure turns on its head. So, is this latest sell-off a flash in the plan or the start of a broader bear market?

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The silver hands of Hupari
business

The silver hands of Hupari

In Maharashtra’s Hupari town, women artisans drive a ₹1,000-crore silver industry, sustaining a century-old trade. Radheshyam Jadhav reports on how, despite being underpaid and excluded from formal leadership, they forge their own economic autonomy in a deeply traditional landscape

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Poor financial records, cash flow woes crippling Nigerian businesses — SWAN
business

Poor financial records, cash flow woes crippling Nigerian businesses — SWAN

By Olasunkanmi Akoni LAGOS — The Society of Women Accountants of Nigeria (SWAN) has identified poor financial record-keeping, inadequate cash flow management, ineffective pricing and limited understanding of profitability as some of the factors undermining the survival and growth of businesses in Nigeria. Earlier, the National Chairperson of SWAN, Mrs Blessing Osakwe-Ogo, challenged participants to consider why businesses that record daily sales could still struggle to meet their financial obligations.

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$2bn Afreximbank fund targets Africa’s creative economy as CANEX opens in Lagos
business

$2bn Afreximbank fund targets Africa’s creative economy as CANEX opens in Lagos

By Elizabeth Onyogha Creative Africa Nexus (CANEX) WKND 2026 opened in Lagos yesterday, bringing together leading creatives, investors, policymakers, business leaders and cultural figures from across Africa and the diaspora to explore investment, financing and commercial opportunities in the continent’s creative economy. Speakers will include Soyinka; ministers responsible for culture and the arts from Côte d’Ivoire, South Africa and Rwanda; representatives of the International Finance Corporation; and Afreximbank officials.

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From Ottoman army escape to Ghana success: The untold story behind the Kalmoni business dynasty
business

From Ottoman army escape to Ghana success: The untold story behind the Kalmoni business dynasty

A family’s fear of losing its sons to military conscription in the Ottoman Empire set in motion a journey that would eventually produce one of Ghana’s longstanding automotive businesses, Japan Motors Trading Company. Speaking on Joy FM’s Personality Profile with Lexis Bill on Thursday, November 5, the Japan Motors chief executive said his grandfather, also named Salem Kalmoni, travelled to the then Gold Coast with his brother, Subhi, after their family became concerned about the possibility of further military conscription.

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Second buyer makes rescue bid for Poundland as retailer faces collapse
business

Second buyer makes rescue bid for Poundland as retailer faces collapse

A second buyer has made a rescue bid for Poundland as the discount retailer teeters on the brink of collapse, with thousands of jobs at risk. The offer came as Business Secretary Jonathan Reynolds held crunch talks with Gordon Brothers about the business’s future, urging the investment firm to protect staff wherever possible.

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Traders attack Edo Consumer Protection Committee members over fake products
business

Traders attack Edo Consumer Protection Committee members over fake products

By Ozioruva Aliu – BENIN CITY Member of the Edo State Consumer Protection Committee led by its chairman, Osaro Culture Iyamu were, on Thursday, attacked by some beverage sellers while trying to enforce ban on sales of fake, adulterated and unauthorised drinks along Mission Road in Benin City, the state capital. “We will continue to safeguard the health and protect the rights of consumers in line with the SHINE Agenda of Governor Monday Okpebholo.”

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Ghana, Trinidad and Tobago explore new investments, expanded oil and gas partnerships
business

Ghana, Trinidad and Tobago explore new investments, expanded oil and gas partnerships

Ghana and Trinidad and Tobago are seeking to deepen their economic relations, with fresh discussions focusing on attracting new investments and expanding cooperation in the oil and gas sector. The Minister for Foreign Affairs, Samuel Okudzeto Ablakwa, held discussions with his Trinidad and Tobago counterpart, Sean S.M. Sobers, on the sidelines of the just-ended Commonwealth Heads of Government Meeting (CHOGM) in Antigua and Barbuda.

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Sir Sam Jonah shares life lessons on courage, humility and character at TrueLife Experience
business

Sir Sam Jonah shares life lessons on courage, humility and character at TrueLife Experience

Business leader Sir Sam Jonah has recounted how his upbringing in the mining town of Obuasi shaped his understanding of inequality, humility and respect for others. Sir Sam Jonah said although wealth was being generated through gold mining in Obuasi, he observed that the people undertaking some of the hardest work did not necessarily have a corresponding say in how that wealth was managed.

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