Global economic growth is projected to soften from a downwardly revised three per cent in 2018 to 2.9 per cent in 2019 amid rising downside risks to the outlook, the World Bank has said.
International trade and manufacturing activity …
About 27,000 farmers from Northern, Upper East and Upper West Regions have benefited from Sustainable Land and Water Management Project (SLWMP) funded by Global Environment Facility and World Bank to increase agriculture production and for…
Under its flagship programme, One-district One-factory (1D1F), the government is assisting Kasapreko Company Limited to access a $20 million Exim Bank loan to build a subsidiary state-of-the-art factory at Tanoso in the Atwima Nwabiagya Di…
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Stocks closed 8.43 points (-0.33%) lower, due to losses in five counters in the banking, petroleum marke…
Before you send an invoice
You don’t want anything about your invoice to be a surprise to your customer. Just as you discuss pricing before reaching a deal, you should also chat about billing. Set out payment terms explaining when you’l…
When you hear the words ‘intellectual property’, your mind automatically fills with other words like ‘ideas’, ‘new concepts’, ‘business’, and ‘innovation’ We sat down recently with Taryn Simpson, Head: Group Intellectual Property Counsel, …
• 12 delegates from the government of Rwanda participated in four-day workshop at Alibaba’s headquarters in Hangzhou, China to learn about FinTech, logistics, eCommerce and big data technologies
This week, delegates from the government …
HH RULER OF SHARJAH RECEIVES ENI CEO CLAUDIO DESCALZI
His Highness Sheikh Dr Sultan bin Mohamed Al Qasimi, Supreme Council Member and Ruler of Sharjah, received this morning (Sunday) in his office Claudio Descalzi, CEO of Eni, Italy’s…
Chinese exports saw the steepest fall for two years in December, according to the latest trade figures.
Exports from China fell 4.4% last month compared with the year before, while imports fell 7.6%.
The figures indicate a further weak…
When four of Qatar's neighbours hit it with an economic and diplomatic embargo back in June 2017, one expert says it faced two big problems.
"The Qataris had a two-fold battle to fight," says Michael Stephens, Middle East research fello…
The Abossey Okai Spare Parts Dealers Association has called on the government to review the procurement law and make it more flexible to benefit the small-scale businesses in the informal sector.
“The Procurement law should not be a win…
SPC Engineering, a company mandated by the Driver and Vehicle Licensing Authority (DVLA) to check the roadworthiness of vehicles has indicated that there are still fake DVLA stickers despite the introduction of a new one in 2018.
The co…
Public utility providers in the Northern Region have proposed to the Public Utility Regulatory Commission (PURC) for an upward adjustment in tariffs to enhance their revenue generation.
The providers explained that, the reduction in uti…
The Millennium Development Authority (MiDA), Thursday, said the handing-over of the Electricity Company of Ghana (ECG) to Meralco Consortium under the Private Sector Participation of the Power Compact II Agreement would come off on Februar…
BMW’s (BMWG.DE) group sales went up 1.1 percent worldwide in 2018 to 2,490,664 vehicles, the company said on Friday, adding that it expected a slight increase this year despite challenging market conditions.
BMW brand sales increased by…
The "whole world" wants the UK to avoid a no-deal Brexit, Japan's PM has claimed, after talks with Theresa May.
Shinzo Abe pledged "total support" for the withdrawal agreement she has negotiated with the EU, which faces a crunch vote in…
A Tax Partner of accounting and auditing firm, PwC, Mr Abeku Gyan Quansah, has called for a national conversation on how to rope in the informal sector into the tax net.
He said the informal sector had a lot of potential in contributi…
Axxela Limited, a fast-growing gas and power portfolio company, has signed a Gas Transportation Agreement (GTA) with the West African Gas Pipeline Company Ltd (WAPCo).
The deal will enable Axxela Limited to transport over 15 million sta…
The Ghana Oil Company Limited (GOIL) on Thursday assured customers and the motoring public that it will not relent in its efforts to improve upon the quality of products to satisfy all its customers.
“We have for example acquired a mobi…
Ghana’s oil production is set to substantially go up as it makes a new discovery large oil deposits in the Deepwater Tano cape Three Points oil block in the Western Region.
Norwegian Company, Aker Energy ASA, announced the find on Thurs…
The benchmark index shed 8.42 points (-0.33%) to close at 2,574.28 with a 0.08% year-to-date return. Today’s performance was due to losses in two counters in the banking and petroleum marketing sectors. Market capitalisation declined by …
Announces Launch of The We Company
WeWork today announced it had received a $6 billion investment from SoftBank. $5 billion is in the form of primary growth capital and the remaining $1 billion in secondary capital which will be used to…
The new Code of Practice in place from 1 January 2019, imposes a complete ban on gifts and promotional aids
Industry moves beyond compliance and reaffirms its commitment to ensuring an ethical framework as a way to increase integrity …
Washington is at a standstill, as US President Donald Trump and Democrats feud over his demand to include $5.7bn (£4.5bn) for a border wall in a new spending bill.
The fight has closed parts of federal agencies since 21 December and is …
The Nigerian government and MTN have agreed an out-of-court settlement after Africa's largest mobile phone company was accused on taking $8bn (£6bn) out of the country illegally.
The government said the South African firm had contravene…
Nana Appiagyei Dankawoso I, the President of the Ghana Chamber of Commerce and Industry, has commended the Bank of Ghana (BOG) for taking steps to ensure that banks met the minimum capital requirement.
He said the initiative was laudabl…
The Cape Coast and Elmina castles received 140,506 tourist last year as against 108, 954 and 111,297 recorded in 2017 and 2016 respectively, indicating an increase of over 30,000 tourists.
The number of domestic tourists who visited the…
The Minister of Energy, Mr John Peter Amewu, is leading a delegation from the Ministry and the Energy Commission to the ninth session of the Assembly of International Renewable Energy Agency (IRENA).
The meeting is slated for January 10…
We are all humans and possibly one of the most human elements in our behavior is bias!
And bias comes in so many flavors: it can be based on your tribal origin, where you went to school, where did you grow up, if you have tattoos, your …
Allianz Life Insurance Ghana has partnered with the Directorate of Communications of the Ghana Armed Forces to refurbish the Signal Training School. The cheque of GHC 7,200 was presented on behalf of Allianz Life Insurance by their Marketi…
Prosecutors in Japan have indicted former Nissan chairman Carlos Ghosn with two fresh charges involving financial crimes.
Mr Ghosn, who has been detained since November, was charged with aggravated breach of trust and understating his i…
The Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has downplayed concerns that newly formed lender, Consolidated Bank Ghana Limited (CBG), is facing a liquidity crisis that can affect its operations and sustainability.
He said…
IFC, a member of the World Bank Group, and West Africa Regional Stock Exchange, Bourse Régionale des Valeurs Mobilières, today signed an agreement to cooperate toward improving corporate governance practices of listed companies. Under the …
Trade talks between the US and China wrapped up this week with some optimism, but a deal still seems well out of reach.
The lack of any specifics from the meeting shows how difficult it is for Washington and Beijing to resolve the most …
Carmaker Ford has announced plans for a major shake-up of its operations in the UK and mainland Europe.
It is expected to lead to thousands of job losses across Europe, including the UK, although cuts at its UK factories are not thought…
The Managing Director and Chief Executive Officer of First Atlantic Bank, Odun Odunfa, says the bank looks forward to a great 2019, having proven once again, its credentials as a major player in Ghana's financial sector.
In a New Year…
Mr Kofi Adda, the Minister for Aviation has called on the Ghana Airports Company Limited to make some modifications to the new Terminal 3 of the Kotoka International Airport.
This he said, was to safeguard security at the new Terminal a…
The year-on-year inflation rate ended December 2018 at 9.4 per cent, up 0.1 percentage point from the 9.3 per cent recorded in November 2018, the Ghana Statistical Service said on Wednesday.
Mr David Kombat, the Acting Government Statis…
BESSFA Rural in 2017 made impressive gains of about 57 percent profit in its general banking activities.
The Bank, which operates in the Upper East Region and some parts of the Northern Region made a net profit of GHc 5,138,187.00 in 20…
Ghana Agro Foods Company Limited (GAFCO) and the Gulf Consolidated Limited, subsidiaries of the Social Security and National Insurance Trust (SSNIT), have presented cheques worth GH1.11million to the Trust for 2017.
The amount comprised…
The mid-week trading session closed bullish, on the back of gains in three counters in the banking and beverage sectors. The benchmark index gained 0.05% to close at 2,582.70 with a 0.41% year-to-date return while market capitalisation a…
Deputy Governor of the Bank of Ghana, Elsie Awadzi, has disclosed that Consolidated Bank Ghana (CBG) Limited is very well capitalized and has good asset base for its operations.
Speaking on the Super Morning Show on Joy 99.7 FM on Tuesd…
As we enter 2019, we can confidently affirm that First Atlantic Bank has once again proven its credentials as a major player in Ghana’s financial sector. We have established ourselves as the financial institution that helps to increase opp…
Amazon CEO Jeff Bezos and his wife, MacKenzie, are to divorce after a 25-year marriage.
The pair announced the move in a joint statement on Wednesday on Twitter.
"After a long period of loving exploration and trial separati…
Former Minister of Finance, Mr Seth Terkper, has cast doubt on the ability of the recently passed Budget Responsibility Act (BRA), 2018 (Act 982) to fully achieve fiscal discipline in the country, describing it as a duplicate of the Public…
The market closed marginally lower, down 0.02% due to a loss in Ghana Oil Company Limited (-0.32%) to close at 2,581.46 with a 0.36% year-to-date return. Market capitalisation declined by 0.01% to settle at GH¢61.63 billion.
The finan…
The mayor of Ostend has told the BBC the Belgian port will not be ready for a new ferry line in time for Brexit.
Bart Tommelein was asked about the UK government's award of a £13.8m contract to Seaborne Freight for a service between Ram…
The management of Group Nduom (GN) Bank has assured customers of the safety of their funds and appealed to them to stay with the bank as they go through the processes to become a competitive Savings and Loans company.
Mr Frank Owusu-Ofo…
With the dust now settled on the clean-up of the universal banking sector, the Bank of Ghana (BoG) has given the strongest indication that it is now set to fully turn its attention on the savings and loans companies in the country.
Ac…
The Head of Civil Service has established two new Directorship roles at the Ministry of Finance, as part of the re-organization of that Ministry. The two new directors will deputize for the Chief Director and be known as Coordinating Dire…