As China marks its National Poverty Relief Day and United Nation's International Day for the Eradication of Poverty on October 17, the 128th China Import and Export Fair (Canton Fair) continues to help companies from less-developed region…
The coronavirus induced recession has plunged many countries into economic uncertainty as a result of the severe containment measures. As expected, the pandemic has triggered massive losses in different sectors of the economy which can be …
Africa Women Innovation and Entrepreneurship Forum Announces Speaker Line-up for AWIEF2020 Conference
The AWIEF has remained Africa’s largest and most prestigious women entrepreneurship platform where participants can network, connect a…
African trade experts have called for swift implementation of the African Continental Free Trade Area (AfCFTA) as a strategy to lifting the continent out of an economic downturn caused by Covid-19.
The pandemic had, for the first time i…
Recognition of pivotal role in European Fintech success story
Leading payments issuer processor, Global Processing Services (GPS) has secured a strategic investment from strategic partner, Visa Inc., the world’s leader in digital payme…
Allianz appoints Regional Head of Global Client Service and Multinational for Mediterranean & Africa, IberoLatam
* Delphine Berquand is appointed AGCS Regional Head of Global Client Service and Multinational for Mediterranean & Africa…
The Africa Fertilizer Financing Mechanism, OCP Africa team up to increase access to fertilizers in Côte d’Ivoire and Ghana
The project will reduce potential risks along the agricultural value chain, and improve access to quality inputs,…
Weekly Highlights
• Inflation dropped to 10.4 percent in September
• Yield on 5-Year Bond now at 19.85 percent, upped by 60 basis point.
• Interest rate on 91-Day and 182-Day T-Bill dropped, but 364-Day T-Bill surged.
• Accra Bours…
Visa and Mastercard have been accused of cashing in during the coronavirus crisis by charging "excessive fees".
British retail groups say the scheme fees charged by payment firms have almost doubled in the last two years.
They warn t…
Ecobank Ghana (-1.17%) moderated the benchmark index by 2.16 points (-0.12%) to start the week at 1,843.95 with a -18.31% year-to-date return while the market capitalization decreased by 0.16% to settle at GH¢53.19 billion.
The GSE Fi…
The Bank of Ghana has just been conferred with an award as the best central bank in the world for 2019. This is no mean feat. There are central banks around the world that have consistently been exemplary in their conduct, but in 2019, the…
Alibaba’s digital economy to boost growth and consumer engagement for online and offline merchants
Alibaba Group Holding Limited (NYSE: BABA; HKEX: 9988) today kicked off its 11.11 Global Shopping Festival (“11.11” or “Festival”) with n…
The Ghana Cocoa Board (COCOBOD) has rolled out a comprehensive data gathering exercise to improve the management of the sector.
This follows the successful piloting of the exercise in selected cocoa-growing communities, during which abo…
Chinese tech giant Alibaba will take control of leading hypermarket and supermarket chain Sun Art Retailing.
The tech titan is looking to boost its offline shopping services and gain further ground in China's booming retail market.
A…
Collapsed regional airline Flybe could restart operations as soon as next year, after a former shareholder stepped in to buy its remaining assets.
The airline plans to "start off smaller than before", its new owner Thyme Opco said, with…
Customs duties on trading within Africa will be reduced from next year onwards when the African Continental Free Trade Area (AfCFTA) agreement comes into force on January 1, 2021.
The Secretary General of the AfCFTA Secretariat, Mr Wamk…
Mr Hayford Yao Dometi, Founder, Effort Beekeepers Association in the South Dayi District of the Volta Region, has appealed to government, philanthropists and benevolent organisations for support to expand their businesses to help grow the …
The Director General of the Burkina Shippers’ Council (CBC), Mr Erve Sebastien Ilboudo, has commended the Ghana Shippers’ Authority (GSA) for its commitment towards the promotion and facilitation of transit trade.
He expressed gratitude…
The KGL Group has received "The Most Outstanding Customer Award" from the Management of Stanbic Bank Ghana Limited.
The Award was presented to Mr. Alex Dadey, Executive Chairman of KGL by Nana Dwomoh Benneh, a Management member of Stanb…
The prolonged inter utility legacy debt of $203 million component of the power sector debt within the energy sector accrued by the end of 2016 has been finally set off.
The debt, which involved both state owned corporations and Independ…
OUR NEW OFFICE IN TAMALE IS NOW OPEN
We are excited to announce the opening of our new facility in Tamale, along the Yapei-Techiman road, Lamashegu. This adds on to our existing 7 business units strategically located across the nation.…
Market Summary
The benchmark index closed the week 18.22 points (-0.98%) lower at 1,864.32 with a -18.21% year-to-date return due to Ecobank Ghana (-14.29%) while the market capitalization moderated by 0.05% to close at GH¢53.27 billion.…
Director of Digital Transformation and Commercial Operations at Vodafone Ghana, Angela Mensah-Poku has urged businesses to embrace digital customer experience to enable them gain a competitive edge
According to her, businesses can only …
Unlocking Africa’s Energy Investment Potential Will Require More Than Just Waiting for Covid-19 to be Over
The end of the pandemic and the rebalancing of the market will not necessarily translate into investments in Africa unless bold r…
Last month, African Energy Chamber CEO and Executive Chairman NJ Ayuk made a case for Mozambique developing its natural gas resources to build its economy
By Florival Mucave, Executive Chairman, Mozambique Oil and Gas Chamber (http://En…
Accelerating New Retail Strategy to Capture Opportunities in China’s Retail Sector
Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988, “Alibaba” or “Alibaba Group”) today announced it will invest approximately USD3.6 billion in re…
African Development Bank’s second virtual business opportunities seminar of 2020, draws 250 global partners and suppliers
During the seminars, participants are informed about the Bank’s strategy for supporting economic growth, its prior…
China's economy continues its recovery from the Covid-19 pandemic according to its latest official figures.
The world's second-biggest economy saw growth of 4.9% between July and September, compared to the same quarter last year.
How…
Over 200 companies have been shortlisted for the third Ghana Business Awards which is scheduled for October 30, 2020.
The 213 companies were shortlisted out of the 307 companies and individuals that submitted their nominations to be con…
The National Labour Commission has obtained an interlocutory injunction against the Ghana Airport Company Workers Union.
The Union says the current Managing Director of the company is incompetent and that they want him sacked.
It, th…
The Head of Freight and Logistics at the Ghana Shippers’ Authority (GSA), Mr Fred Asiedu-Dartey, has said the completion of the Tema-Akosombo railway project will boost transit trade.
He said, the project, which was a component of the 1…
Professor Samuel Kobina Annim, the Government Statistician says the new Statistical Service Act (Act 1003) passed in 2019 will help address challenges in misreporting and misrepresentation in statistics.
Prof. Annim said, under the Act,…
Mr Richard Okyere-Fosu, Acting Director-General, National Information Technology Agency (NITA) has called on workers in the public sector to adopt Smart Workplace, a digital platform, to enhance efficiency in the discharge of their duties.…
The fishing occupation is often seen as a male dominated area. It takes a critical analysis in the entire value chain to appreciate the enormous role women play in the fisheries sector. Fishing drives the economy of the coastal communities…
The government has launched a GH¢2 billion guarantee scheme to support universal banks in the country to offer financial support to small and medium enterprises (SMEs) for them to recover from the COVID-19 shocks.
The Ghana Care Guarant…
The Precious Minerals Marketing Company (PMMC) Limited has commended the National Security and other agencies for the arrest of four persons at the Kotoka International Airport (KIA) trying to smuggle gold out of the country.
"We commen…
Rural, and Community banks have been commended for instituting stringent and innovative strategies to remain resilient amid the coronavirus pandemic.
Mr. George Kwaku Annor, Ashanti Regional Manager of the ARB Apex Bank, who gave the co…
Poverty rates in the US are rising, as government aid winds down despite ongoing economic distress caused by the pandemic.
Nearly 8 million Americans - many of them children and minorities - have fallen into poverty since May, universit…
Shippers in the transit business have made a strong appeal to the Bank of Ghana (BoG) to impress on financial institutions operating in the country to accept financial transactions in CFA.
The limited CFA transactions by the banks, they…
Madam Justina Owusu-Banahene, the Sunyani Municipal Chief Executive (MCE) has pleaded with residents, especially football loving fans to exercise patience as the Municipal Assembly was organising to move out traders from the Sunyani Corona…
Mr Kwame Agyapong Oppong, Head of Fintech and Innovation, Bank of Ghana has called for the publication of names of mobile money fraudsters in the media.
He said that was the only way to 'name and shame' the fraudsters and deter others fro…
The Jack Ma Foundation announced the Top 10 finalists for its 2020 Africa's Business Heroes edition.
On October 21st, all finalists will be particpating to an online press conference and answering your questions.
If you are willing…
17 October is marked as International Day for the Eradication of Poverty by the United Nations (UN).
The University of the Free State (UFS) is involved in several initiatives aimed at empowering communities to create a sustainable livel…
GWM (601633.SS/02333.HK), a world-renowned SUV and pickup manufacturer, has revealed that its new POER pickup, with the name recently announced at Auto China 2020, will firstly launch in Australia, South Africa, Saudi Arabia and Chile, enh…
The benchmark index moderated by 4.55 points (-0.25%) to close at 1,846.41 with a -18.20% year-to-date return while the market capitalization inched down by 0.09% to settle at GH¢53.27 billion.
Ecobank Ghana (-4.25%) edged the GSE Fin…
“Somalia is open for business” – Somali Petroleum Authority CEO joins panel of experts to discuss hydrocarbon investment
With seven blocks on offer, the round, set to conclude in March 2021, presents Operators with the opportunity to en…
China on Wednesday vowed to unswervingly expand the all-around opening-up of its economy as it held a grand gathering marking the 40th anniversary of the establishment of the Shenzhen Special Economic Zone (SEZ) in this boomtown in souther…
The President of the Chartered Institute of Marketing Ghana (CIMG), Dr Kasser Tee has called on Ghanaians to support Ghanaian businesses by patronising “Made in Ghana” goods. Speaking on the theme: “Advertising Beyond Covid-19: Reintegrat…
Bitcoin's price is set to "surge before the end of 2020" with investors keen not to "sleepwalk" through a 2017-style mini-boom, says the CEO of one of the world's largest independent financial advisory and fintech organizations.
The pre…
MTN Group is pleased to announce that it has been named the most valuable African brand in the Brand Finance Africa 150 2020 ranking, which ascribes a brand value of US$3,3 billion to MTN.
Brand value is the net economic benefit that a …
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