BUSINESS



September 24, 2018
Michael Kors set to buy Versace in $2bn deal

US luxury group Michael Kors is set to announce a deal to buy Milanese fashion house Versace in a deal worth about $2bn, according to two people briefed on the

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September 19, 2018
Nissan to set up assembly plant in Ghana – Dr. Bawumia

Vice President, Dr. Mahamudu Bawumia says international car manufacturing company, Nissan Motor Co. Ltd also wants to set up its assembly plant in Ghana. German car manufacturer, Volkswagen and Sinotruk International from

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September 19, 2018
Menzgold extends suspension of dividend payments

Gold dealership, Menzgold, has extended a six-day suspension of its Gold Vault Market services. The embattled firm has now set September 28, 2018 to resume the controversial service. In a

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September 18, 2018
US imposes new tariffs on $200bn of Chinese goods

The US is imposing new tariffs on $200bn (£150bn) worth of Chinese goods as it escalates its trade war with Beijing. These will apply to almost 6,000 items, marking the

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September 17, 2018
Billionaire Marc Benioff to buy Time magazine

Time magazine is changing hands once again, nearly eight months after it was sold to US media group Meredith Corporation. The co-founder of Salesforce.com, Marc Benioff, and his wife are

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September 14, 2018
Amazon Boss Jeff Bezos gives $2bn to help the homeless

Amazon chief Jeff Bezos is putting $2bn (£1.5bn) into a charitable fund he has established to help the homeless and set up a new network of schools. The world’s richest

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September 13, 2018
PURC orders 10.08 percent reduction of water tariffs

The Public Utilities Regulatory Commission (PURC) has ordered a 10.08 percent tariff reduction on prevailing rates for all customers of the Ghana Water Company Limited (GWCL). The order follows the

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September 13, 2018
Menzgold suspends operations temporarily

Menzgold Ghana Limited has temporarily halted operations effective today, September 13, 2018, following a directive from the Securities and Exchange Commission (SEC). The company in a statement said it took

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September 13, 2018
BoG injects more dollars into economy

The Bank of Ghana (BoG) has stepped up its supply of United States (US) dollars to meet daily demands for foreign exchange as global pressures and the exit of investors

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September 12, 2018
Huge withdrawals hit Menzgold

Scores of customers of gold trading company, Menzgold Ghana Limited, are trooping to the premises of the company to withdraw their investments. This has come about as a result of

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