President Nana Addo Danquah Akufo-Addo has announced that the World Bank has approved a $40 million grant to support the Ministry of Tourism and Creative Arts and its agencies to help upgrade tourist facilities.
The President said the G…
Anhui Jianghuai Automobile Group Corp., Ltd. (JAC Motors), China's leading automobile and commercial vehicle manufacturer, has announced the results of its expansion program in Africa in 2018, declaring that it has established a presence i…
President Nana Addo Dankwa Akufo-Addo on Thursday announced a stimulus package to revamp Ghana’s struggling textile industry.
“Our local textile industry has been struggling for years, and many textile companies have, indeed, gone under…
President Nana Addo Dankwa Akufo-Addo, Thursday, delivering his third State of the Nation Address to Parliament, rendered an upbeat assessment of the performance of his Government, declaring, "We have our challenges but the nation is in go…
President Nana Addo Dankwa Akufo Addo has said the clean-up in the banking sector has cost the national treasury GH¢ 12.7 billion.
He said: “money we can ill afford, but which was necessary to sanitise the sector, minimise job losses, a…
The President of the Ghana National Chamber of Commerce and Industry (GNCCI), Nana Dr Appiagyei Dankwawoso I, has expressed worry about what he described as the increasing depreciation of the cedi, which, he said, was a major challenge con…
Ghana has experienced challenges within the banking system in the past but nothing close to what happened between 2017 and this year.
During this period, nine banks have been liquidated at a cost to the public purse in excess of GH¢9 bi…
President Akufo-Addo says the recently inaugurated Presidential Financial Stability Advisory Council would prevent the emergence of schemes such as Menzgold which has resulted in Ghanaians losing their deposits.
The President in his S…
The Ghana unit of India state-owned lender, Bank of Baroda is auctioning its properties that include chairs and water dispenser as it prepares to finally pack out of Ghana.
The auction is believed to be the final leg of the bank’s liq…
The Ministry of Finance says the European Commission used a “flawed” and “premature” methodology to add Ghana to its list of countries with strategic deficiencies in their Anti-Money Laundering and Countering the Financing of Terrorism (AM…
The Africa Netpreneur Prize Initiative (ANPI) will officially call for applications starting from the 27th of March 2019. ANPI is a US$10 million Prize competition for African entrepreneurs, founded by the Jack Ma Foundation in August 201…
The benchmark index moderated to 2,495.39 with a -2.99% year-to-date return while market capitalization declined by 0.01% to settle at GH¢60.16 billion.
Enterprise Group Limited (+0.47%) advanced by a pesewa on strong FY2018 results h…
Ghana’s consumer confidence declines by five points
Improved perception of Nigerian finances, job prospects & spending intentions
Ghana’s latest Consumer Confidence Index (CCI) for the fourth quarter of 2018 shows a five point…
Driving mobile and card acceptance among informal retailers is key to scaling cashless payments in South Africa
Despite the majority, about 77 percent, of adult South Africans owning bank accounts, more than half of the total value of a…
goFLUENT, a leading disrupter in the language learning market, and LRMG, Africa’s leading provider of performance optimisation solutions, have signed a partnership agreement aimed at accelerating the language skills of professionals who ar…
Huawei, ranked by Forbes as the 79th Most Valuable Product in the world, has launched its Huawei Y7 Prime at the Tang Palace Hotel in Accra.
The Country Manager of Huawei, Simon Liu, said that two months after the launch of the Y9 Prim…
Fortinet network security products deliver outstanding functionality, ease of implementation and excellent cost-benefits. This is according to dozens of Fortinet customers from across the economic spectrum who posted their evaluations of t…
AngloGold Ashanti met its targets for the sixth consecutive year, with improved margins driving significant growth in free cash flow generation. The Company declared a dividend of approximately 7 US cents per share for the 2018 year.
Ma…
The Peninsula Hotels Named First and Only Hotel Brand to Achieve Forbes Travel Guide Five-Star Status across Entire Portfolio
Official Five-Star Ratings Showcased on ForbesTravelGuide.com
An Unprecedented Achievement Forbes Travel Gu…
Africa stands to gain more from remittances than from development aid, Chief of Mission for the International Organization for Migration (IOM) Sylvia Lopez-Ekra said here on Tuesday.
Speaking to Xinhua on the sidelines of the African Ca…
The value of the pound has changed a lot over the past three years - making us all a little poorer.
Back in December 2015, £1 would buy you about €1.40.
Today it will get you nearer €1.14. It has suffered a similar fate against most …
New, innovative OCS solution enables businesses to scale their operations ten-fold while delivering between 40 to 60 percent savings and allows Truphone to expand markets rapidly
Optiva Inc. (TSX: OPT), an innovative software provider o…
An Exclusive presence in ‘Silicon Wadi’ and new access to another key EMEA market add to the global advantages of acquiring one of Israel’s leading independent cybersecurity VADs
Exclusive Group, the value-added services and technologie…
Vodafone Ghana has appointed Mrs Patricia Obo-Nai as its new Chief Executive Officer (CEO) with effect from April 1, 2019.
By this appointment, Mrs Obo-Nai, who is a member of Vodafone’s executive committee becomes the first Ghanaian …
Ford has said it will close a factory in Brazil after more than 50 years as it stops selling heavy commercial trucks in South America.
The US carmaker said it saw "no viable path to profitability" for the Sao Bernardo do Campo plant, wh…
Ghana has regretted the decision by the European Commission (EC) to add her to the list of countries with strategic deficiencies in their Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) framework.
It said: “Gha…
Government has been called upon to set up Shea Board to be a dedicated agency to holistically support the shea sector to unearth its full potentials and boost the income of rural women shea pickers as well as earn increased foreign exchang…
Dr Joseph K. Kwakye, A Consultant for the Economic Governance Platform (EGP), Ghana, commending Government’s efforts at ensuring fiscal discipline through a Fiscal Council (FC), however, said appointment of members should be through a comp…
Mr Kwaku Ofori Asiamah, Minister of Transport, has said the country’s two main ports - Tema and Takoradi, would be modernized to position them as the leading container hubs in the West African sub-region.
“There has been a lot of invest…
Mr Jeffrey Labovitz, International Organisation for Migration (IOM) Regional Director for East Africa, on Tuesday said improving and harnessing the flow of remittances could have a substantial impact on development.
He said internationa…
For the first time ever, GROHE will position itself as a leading global brand for complete bathroom solutions, kitchen systems and intelligent water management
On 11 March, the 2019 ISH will open in Frankfurt am Main, Germany: More than…
Thousands of websites are being hit by cyber-thieves who implant code to scoop up payment card numbers, research suggests.
Security giant Symantec found more than 4,800 websites were being hit by these "form-jacking" attacks every month…
Online sports betting firm, Betway, has launched a competition dubbed; the Betway Fintech Challenge that aims to unearth new technologies and innovations in the delivery of financial services.
Betway, whose success can be attributed t…
Societe Generale Ghana has met the minimum capital requirement of GHS400 million after it increased its stated capital via a bonus issue and rights issue.
According to a press statement issued by the bank, it has increased its stated …
International Remittances Headline African, Caribbean and Pacific (ACP) - European Union (EU) - International Organization for Migration (IOM) Discussions in Ghana
The International Organization for Migration (IOM) and partners focused …
The Chief Executive Officer (CEO) of the National Petroleum Authority (NPA), Mr Hassan Tampuli, has stressed the need for Ghana to strengthen security operations within the maritime domain, especially within the Exclusive Economic Zone (EE…
Digital publisher Quartz taps African Development Bank Vice President Dr. Jennifer Blanke as a “Quartz Pro” Contributor
Quartz, the digital journalism platform focusing on the global economy, has selected African Development Bank Vice P…
ABB traction equipment to improve rail operator’s efficiency and strengthen sustainable transportation in India
ABB has won its largest traction equipment order in India, worth more than $42 million to supply state-of-the-art converters…
Innova Eco Building System has entered into a joint venture agreement to build a $40 million manufacturing plant bringing its green building technology to Mwale Medical and Technology City (MMTC), a $2 billion community-owned sustainable d…
The leading multinational cybersecurity vendor continues to deliver stable and positive dynamics
Kaspersky Lab (Kaspersky.co.za) continued to deliver stable growth in 2018 and increased its global unaudited IFRS revenue to a total of US…
Merck Foundation Calls for Applications “Merck More Than a Mother” Fashion Awards in partnership with Ghana First Lady
Merck Foundation, the philanthropic arm of Merck KGaA Germany announces the Call for Application of “Merck More Than …
Nestle’s success with its KitKat brand means its does not need to add new businesses after selling its candy unit to Italy’s Ferrero last year, the Swiss food group’s global head of confectionery said.
“Now we are very well positioned w…
European and Asian shares hovered near four-month highs on Tuesday as investors took heart from some progress in Sino-U.S. trade talks, while the yen dribbled lower as Japan’s central bank said it could ease policy again.
World markets …
The founder of Huawei has said there is "no way the US can crush" the company, in an exclusive interview with the BBC.
Ren Zhengfei described the arrest of his daughter Meng Wanzhou, the company's chief financial officer, as politically…
The Chairman of the Public Interest and Accountability Committee (PIAC), Dr Steve Manteaw, has said the tension brewing at the country’s national oil company, the Ghana National Petroleum Corporation (GNPC), is sending a wrong signal to in…
As part of its commitment to the development of the agricultural sector in Ghana, Yara International ASA has invested more than $15 million into a new fertiliser terminal and blending facility in Tema.
This terminal, with a storage capa…
Mr Shaun Raposo has been appointed as the new Country Director for Accra Brewery Limited (ABL), replacing Philip Redman in that position. His appointment as the Country Director took effect from Friday, February 1, 2019.
A statement iss…
The Association of Ghana Industries (AGI) is increasing calls on entrepreneurs particularly owners of start-ups and small-scale enterprises to form business clusters towards meeting growing demands for products from the country.
At its …
The number of people in work in the UK has continued to climb, with a record 32.6 million employed between October and December, the latest Office of National Statistics figures show.
Unemployment was little-changed in the three-month …
Total Petroleum Ghana Limited has held a project pitching programme for 16 finalists of its second edition of the ‘Startupper of the year’ challenge.
Project pitching is the final stage for participants before the awards day which is …