The Deputy CEO of GIHOC Distilleries, Magdalene Ndamley, has made shocking allegations about the company’s financial collapse, citing widespread looting by staff and management as a major contributing factor. In an interview on May 2, 2025, Ndamley accused the company’s former CEO, Maxwell Kofi Jumah, of receiving GH¢40,000 every week, […]
Business News
Mahama Questions GIHOC Distilleries’ Financial Struggles
President John Dramani Mahama has expressed skepticism over the financial struggles of GIHOC Distilleries Company Limited, citing strong local demand for alcoholic beverages. Addressing workers at the May Day parade in Accra, Mahama questioned how the company could incur significant losses despite its products being in high demand. Referencing recent […]
ADB MD Leads Delegation to Speaker Bagbin Ahead of Bank’s 60th Anniversary
The Managing Director of Agricultural Development Bank (ADB), Mr. Edward Ato Sarpong, and his team paid a courtesy call on the Speaker of Parliament, Rt. Hon. Alban Sumana Kingsford Bagbin, to congratulate him on his re-election and discuss potential collaborations. The visit also served to officially inform the Speaker about […]
Minister for Communication Tours Tech Companies to Foster Innovation
The Minister for Communication, Digital Technology and Innovations, Hon. Samuel Nartey George, has embarked on a tour of tech companies to drive innovation, assess industry needs, and promote digital inclusion. The tour, which started on April 28, 2025, aims to identify areas for growth, foster partnerships, and inform policy decisions […]
Ghana Gold Board Secures Deal with 9 Mining Companies
The Ghana Gold Board (GoldBod) has reached an agreement with nine large-scale mining companies to buy 20% of their gold output locally. The companies, which are not part of the Bank of Ghana’s Domestic Gold Purchase Program, will deliver 20% of their gold output to the GoldBod in the form […]







