business news

ADB union raises alarm over job risks, demands safeguards in proposed share sale

The Professional and Managerial Staff Union (PMSU) of Agricultural Development Bank PLC (ADB) has called for safeguards against job losses, raising concerns over proposed share disposals involving the bank. Speaking at the union’s National Executive Council meeting, PMSU Chairman James Obeng-Gyan urged the government, the Bank of Ghana, ADB’s Board and management to prioritise recapitalisation, stronger governance and institutional recovery.

Sudan war and inflation leave families struggling to survive in Khartoum

Soaring food prices and shrinking incomes force families in Sudan's capital to borrow money and skip meals.

Vedanta chief meets Suvendu, explores investments in West Bengal

Anil Agarwal says he will leave no stone unturned to invest in Bengal if the right opportunity presents itself; CM says the industrialist made a specific proposal to set up a unit in Asansol

Dhanlaxmi Bank records ₹48.55 crore net profit in Q2 of FY27

Operating profit for the period was ₹69.82 crore against profit of ₹28.19 crore for the same period of FY 2025-26

Bank of Canada raises interest rates for the first time in three years

The central bank increased the key rate by a quarter point as soaring energy prices pushed up inflation.

Stake.eu Sweepstakes Casino Review

On Stake.eu, Gold Coins are used for entertainment and Stake Cash is used within its sweepstakes system. Stake.eu is a social gaming and sweepstakes platform operated by Sweepstakes Services Limited, registered under company number 18110 in St. John’s, Antigua.

Trade Minister pushes for stronger Ghana-Guinea trade and industrial ties

The Minister for Trade, Agribusiness and Industry, Elizabeth Ofosu-Adjare, has called for stronger economic cooperation between Ghana and Guinea to expand bilateral trade, promote industrial development and boost tourism. As part of efforts to deepen cultural and tourism cooperation, Ms Ofosu-Adjare proposed a joint initiative to renovate and preserve the former residence of Ghana’s first President, Dr Kwame Nkrumah, in Guinea as a historical and cultural tourism attraction.

The gap in manufacturing sector GVA

According to the National Accounts Statistics, the manufacturing sector’s GVA is ₹38.6 lakh crore in 2023-24 at current prices. ; however, an ‘Alternative Estimate’ using data from the Annual Survey of Industries and Annual Survey of Unincorporated Sector Enterprises gives a lower figure, prompting a closer look at the official estimate

Shettima says enterprise key to Nigeria’s $1 trillion economy

“Our ambition to build a one-trillion-dollar economy cannot be realised by government alone. It requires an ecosystem in which businesses can emerge, grow, compete and contribute to national development,” Mr Shettima said.

Transcorp posts 18% drop in nine-month profit as revenue shrinks

Revenue, according to the conglomerate’s newly released unaudited financial report, retreated to N357.4 billion from N412.4 billion a year earlier as the group also recorded a decline in income from its food & beverage and event centre rental businesses.

ATEL launches website to provide updates on Accra-Tema Motorway expansion project

Accra-Tema Expressway Limited (ATEL) has launched a dedicated website to provide the public with regular updates on the ongoing Accra-Tema Motorway and Extensions Project. Read Also: Accra-Tema Motorway expansion 53% complete, contractor urged to meet August 2027 deadline He expressed confidence that the contractor, Maripoma Enterprise Limited, would intensify work to meet the August 2027 completion deadline.

Ghana Bauxite Company secures US$250m Ecobank Financing to improve operations ahead of refinery

Ghana Bauxite Company Limited (GBC) has signed a US$250 million financing arrangement with Ecobank Ghana PLC to prepare and expand its Awaso mine to feed its planned alumina refinery. GBC Director, Robert Danso Boakye, disclosed this in an interview following the signing of the mandate that appoints Ecobank Ghana PLC as exclusive Mandated Arranger, on a best-efforts basis, for facilities of up to US$250 million.

Accra-Tema Motorway project to serve as model for infrastructure financing – ATEL CEO

The Chief Executive Officer of A.T. Expressway Limited (ATEL), Louis Harrison, says the Accra-Tema Motorway and Extensions Project is expected to establish a new model for financing and delivering major infrastructure projects in Ghana without placing the entire financial burden on the state. Speaking at a media engagement in Accra on Wednesday, October 28, Mr Harrison said the project represents a significant milestone in Ghana’s infrastructure development, demonstrating how Public-Private Partnerships (PPPs) can attract private and institutional investment into critical national projects.

‘A pretty grim picture’: outlook for UK living standards slashed despite Healey’s budget

OBR cautions about Middle East war dragging down growth and triggering a fresh cost of living crisis Healey offers £100 payment to households to help navigate ‘global economic storms’ Budget 2026: key points at a glance Budget 2026 live – latest updates British households face a “pretty grim picture” for living standards as the war in the Middle East drags down growth and triggers a fresh cost of living crisis, the government’s independent forecaster has said. In a report as John Healey announced his first budget, the Office for Budget Responsibility (OBR) issued a sharp downgrade for growth i

Accra-Tema Motorway expansion 53% complete, contractor urged to meet August 2027 deadline

The Chief Resident Engineer of Accra-Tema Expressway Limited (ATEL), Kwabena Bempong, has disclosed that work on the first section of the Accra-Tema Motorway and Extensions Project has reached 53 per cent completion, although construction is slightly behind schedule. The entire project spans approximately 27.7 kilometres, comprising the 19.5-kilometre section currently under construction, a 5.7-kilometre stretch between Tetteh Quarshie and Apenkwa, and a 2.5-kilometre section of the N6 from the Tesano Police Station towards Achimota.

Abandoned projects waste of taxpayers’ money — NRS chairman

Mr Adedeji pledges funding and technical support for proposed amendments to Nigeria’s procurement law, as the BPP outlines 29 reforms to improve project delivery and accountability.

World Bank projects 23% rise in global commodity prices in 2026

The projection is contained in the World Bank Group’s latest Commodity Markets Outlook, released on Wednesday

Keralam Assembly passes Kerala Motor Vehicles Taxation (Amendment) Bill

The Bill provides for setting up approved vehicle seizure yards in all taluks in Keralam to store vehicles seized for non-payment of tax within the State

Income tax: Healey’s budget leaves thresholds frozen again. How much more will you pay?

Income tax: Healey’s budget leaves thresholds frozen again. Tax policy means freezes reduce take-home pay as earnings rise in line with inflation Income tax thresholds are set to remain frozen after John Healey’s first budget as chancellor.

National seminar on AI and Indian economy in Hubballi on Saturday

Basavaraj Horatti will inaugurate the event being organised by the JSS Banashankari Arts, Commerce and Shantikumar Gubbi Science College

Reps give Kaduna Polytechnic 72 hours to explain falling revenue, pension deductions

The lawmakers queried Kaduna Polytechnic’s declining internally generated revenue, which fell from N1.478 billion in 2023 to N1.332 billion in 2025, and demanded documents to verify its statutory remittances.

Garth Wadsworth Dooley: Farewell to an Astute Businessman, Father and Mentor

Farewell to an Astute Businessman, Father and Mentor. Farewell, Garth Wadsworth Dooley.

APEDB highlights Andhra Pradesh’s rich mango legacy to attract investors

Ghana–New Zealand Chamber seeks tourism partnerships between the two countries

The Ghana-New Zealand Chamber of Commerce is exploring opportunities to strengthen tourism and business ties between Ghana and New Zealand by connecting tourism operators, guides and industry stakeholders in both countries. Speaking on the sidelines of the recently concluded 2026 Inter Tourism Expo in Cape Coast, he said the Chamber was working to facilitate connections between Ghanaian tourism businesses and their counterparts in New Zealand.