Market Summary
The benchmark index advanced by 3.11 points (+0.14%) due to upward price movements in Cal Bank (+7.81%) and Fan Milk (+0.91%) to close at 2,305.10 with a year-to-date return of 18.72%. The market capitalization was up…
Allianz Insurance, a subsidiary of global insurance giant, Allianz Group has announced a partnership with UBA Ghana to drive an innovative bancassurance strategy.
Through the partnership, over 20 branches of UBA spread across the countr…
China's economy grew a record 18.3% in the first quarter of 2021 compared to the same quarter last year.
It's the biggest jump in gross domestic product (GDP) since China started keeping quarterly records in 1992.
However, Friday's f…
Africa World Airlines (AWA), a private airline operator, yesterday organised a historic test fight from the Kotoka International Airport (KIA) in Accra to the newly completed Ho Airport in the Volta Region.
The 50-capacity Embraer-145 a…
The “SDG Investment Platform” has been launched to provide market intelligence on investment opportunities in Ghana and beyond.
The Ghana Investment Promotion Centre (GIPC), joined the United Nations Development Programme’s (UNDP) SDGs …
The year-on-year inflation rate for March 2021 was unchanged at 10.3 percent.
The month-on-month inflation between February 2021 and March 2021 was 0.2 percent.
Professor Samuel Kobina Annim, the Government Statistician, said the yea…
The Insurance industry paid GHC196 million corporate tax to the government in 2019, Madam Justina Owusu-Banahene, the Bono Regional Minister announced on Wednesday.
The industry provides direct employment and livelihood to more than 12,…
The Ministry of Finance says Ghana continues to be categorised as a 'Lower-Middle Income Economy' based on widely-recognised classification of the World Bank and the United Nations.
The Ministry, in a statement by its Public Relations U…
The Alliance for a Green Revolution in Africa (AGRA), has held an inter-country networking and advocacy meeting in Accra, to facilitate dialogue among women agribusiness leaders and industry actors to enhance their participation.
The …
“The AfCFTA is a major tool to transform the African economy and this transformation could be accelerated if women and gender issues are made central and incorporated in national AfCFTA strategy documents for implementation. It is our coll…
Banking Consultant, Nana Otuo Acheampong has urged banks to work assiduously to satisfy the six minimum criteria set by the Bank of Ghana as preconditions for the payment of dividends to their shareholders.
The Central Bank in a new not…
MTN Mobile Money Limited has introduced an additional security feature that allows its agents to verify the identity of customers who come to withdraw money with ID cards.
This comes after agents across the country had their SIM cards b…
Market Summary
The benchmark index edged upward by 0.64 points (+0.03%) on the back of Total Petroleum (+1.59%) and Fan Milk (+0.92%) to close today’s session at 2,301.99 with a year-to-date return of 18.56%. The market capitalization was…
Kia Corporation and Total Lubrifiants have renewed their global partnership (*) in March 2021 for 5 years. Total Lubrifiants continues to be the recommended partner of Kia Corporation for the sales of lubricants in the dealership networks …
Cryptocurrency firm Coinbase, which runs a top exchange for Bitcoin and other digital currency trading, hit a market value of nearly $100bn (£72.5bn) in its stock market listing.
Shares debuted on the Nasdaq at a price of $381, but late…
The country can prevent up to 5,500 premature deaths with improvements in air quality, while increased physical activity such as cycling and brisk walking over the next 35 years can prevent additional 33,000 premature deaths, a new report …
The Founder of the Salt and Light Ministries, Rev. Joyce Aryee, has urged the youth to be creative with how they deal with problems in the new world in order to stay relevant.
She urged them to think about what they wanted to do, the ef…
New Zealand is to become the world's first country to bring in a law forcing its financial firms to report on the effects of climate change.
The country wants to be carbon neutral by 2050 and says the financial sector needs to play its …
Toshiba's chief executive resigned on Wednesday amid controversy over a $20bn (£14.5bn) buyout bid from private equity firm, CVC Capital Partners.
A statement from the Japanese conglomerate gave no reason for Nobuaki Kurumatani's resign…
Despite the power outages associated with the Ghana Grid Company’s system upgrade, energy consultant, Dr Sulemana Yussif, believes the exercise is necessary to prevent a total collapse of the country’s power system.
GRIDCo had earlier a…
Civil Society Organisation, Consumer, Unity and Trust Society, CUTS International, says any upward adjustment of electricity tariffs in the country, will push businesses away from settling in the country.
Their call follows a request by…
There have been concerns over the effects of deforestation in the Savannah Ecological Zone.
As climate change intensifies in the area, experts say there will be dire consequences in the coming years, if the menace of logging and commerc…
The International Monetary Fund's (IMF) classification of Ghana as a Low-income economy is a narrow way of defining a country's economic status, Professor Peter Quartey has said.
Prof Quartey, who is the Head, Economics Division, Instit…
Mr William Dzamefe, Volta Regional Director of Agriculture (MOFA), has hinted that the Directorate is working on plans to equip some rice farmers in the region with knowledge to go into rice seed production.
He said that would help them…
On 13th April 2021, the Ghana Commodity Exchange undertook a reserve trading auction of raw cashew nuts.
As the Ghana Commodity Exchange operates to support smallholder farmers, develop various agricultural value chains and provide expo…
The Managing Director of the Bank of Africa, Kobby Andah says government should adopt a performance index pay approach towards public sector wages.
This approach he believes would ensure value for money in the payment of salaries for go…
THOUGHT OF THE WEEK
INVESTMENT RISK (PART 1)
This is the probability or uncertainty of losses rather than expected returns from investment due to a fall in the fair prices of securities such as bonds, stocks etc. Every investment is e…
On the afternoon of April 12, the Chinese Ministry of Foreign Affairs held a special global promotion event for central China's Hubei Province.
A total of 275 ambassadors, diplomats and representatives of international organizations fro…
Weekly Highlights
• 91-Day T-Bill now at 12.81 percent, trimmed by 4 basis points; other short-dated treasury securities also moderated further.
• Accra Bourse ended mixed, with GSE Composite Index resuming uptrend but GSE Financial …
New data set comprises 500,000 nationally sourced time series data covering 54 African nations, providing investment managers, central bankers, economists, and research teams with insight to uncover economic relationships and opportunities…
Market Summary
The GSE Composite Index closed today’s session flat at 2,301.35 with a year-to-date return of 18.53% while the market capitalization stayed at GH¢58.08 billion.
The GSE Financial Index recorded no gains or losses, closi…
UN-Habitat has disbursed the first tranche of direct cash transfers of USD 70 each to 250 vulnerable households in Western Kismayo as part of the COVID-19 response within a larger project funded by the Government of Sweden which addresses …
Vodafone Ghana has rewarded its best performing Vodafone Cash Hub Agents with a variety of prizes including a brand-new Suzuki Alto salon car at the 2021 Vodafone Cash Hub Akyedie Awards ceremony held at the telecommunications giant’s head…
According to the recently released SNG Grant Thornton’s Sub-Saharan Fraud survey, 60% of respondents cited that employees are currently the biggest threat to their businesses when it comes to fraud, with 77% expecting this to increase in 2…
Tesco has announced a rise in sales but a sharp fall in full-year profits after spending nearly £900m to carry on trading through the Covid pandemic.
The UK's largest supermarket said "exceptionally strong" revenue grew by 7% to £53.4bn…
President Nana Addo Dankwa Akufo-Addo Tuesday commissioned an 80-million Dollar Steel plant at Prampram, near Accra.
The B5 Plus Steel Plant, an enterprise operating under the Government’s One District, One Factory flagship programme, w…
A new report by the Standard Bank, parent company of Stanbic Bank Ghana, has cautioned the government on its rising debt levels.
In its March 2021 Flash Note of the African Markets Revealed (AMR) report, it noted that the pace of growth…
The government is expected to engage the leadership of the LPG Marketing Companies Association on Wednesday, April 14, 2021, over concerns regarding an increase in the price of the petroleum product.
The LPG Marketing Companies have sta…
Dubai is gearing up to host the World Expo - a year after it was originally supposed to be held.
Held every five years, expos see hundreds of countries using pavilions to show off the latest in architecture and technology.
Before the…
Trade between the UK and EU partially recovered in February, after a steep drop in January following Brexit.
Official figures show exports to the EU jumped by 46.6%, £3.7bn, to £11.6bn, following January's 42% slump when firms struggled…
Microsoft Corp plans to buy a tech firm known for helping to develop Apple's Siri speech recognition software in a deal valued at $19.7bn (£13.3bn).
The purchase of Nuance Communications is the second largest in Microsoft's history, aft…
Mr. Fiachra McAsey, the UNICEF Deputy Representative, has advised young entrepreneurs to make social impact a priority in the establishment of businesses and delivery of services.
Speaking with the Ghana News Agency on the side-lines of…
The Bank of Ghana (BoG) has rolled out a nationwide training programme for all board of directors and key management staff of rural banks on the new Companies Act 2019, Act 992, to make them fully aware of their responsibilities.
This i…
Some watermelon farmers at Kyeatanaga in the Wa West District have attributed the teething challenges of poor road network and lack of ready market for the produce as a disincentive to them.
They believed that watermelon farming could t…
China has forced a sweeping restructure on the Ant Group so the financial technology firm acts more like a bank.
Ant Group's mega $37bn (£27bn) share market launch was derailed by regulators in November over concerns about its finance m…
Mr Kwasi Amoako-Attah, Minister for Roads and Highways, has directed regional heads of the departments of Urban and Feeder Roads to critically analyse all existing road contracts for repackaging and re-awarding to meet set targets.
This…
A new study on citizens' perception on tax collection and its utilisation has found that most taxpayers hardly trust the tax collectors, with more than 80 per cent of respondents saying that they perceive some staff of the Ghana Revenue Au…
Mr Silver Ojakol, the Chief of Staff of the African Continental Free Trade Area (AfCFTA) Secretariat, has asked African countries to shun detractors and doubters of the successful implementation of the Area.
There is geopolitics and tho…
The United Nations Development Programme (UNDP) in collaboration with ECOWAS, has commenced a three-day capacity building programme to equip women with knowledge and skills to grab opportunities in the African Continental Free Trade Area (…
Twitter Inc will open its first African office in Ghana, it said on Monday, as the social media company seeks to make inroads in some of the world’s fastest-growing markets.
Africa is under-tapped terrain for technology firms, with inte…
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