The Bank of Ghana (BoG) has cautioned the general public to refrain from engaging the services of a supposed financial entity called MMM Ghana.
A statement by the Communications Department of the BoG noted that the company operated a P…
President Nana Addo Dankwa Akufo-Addo has bemoaned the fact that Ghana continues to be a retailer of cheap imported goods, whilst indigenous products suffered low patronage. He said the phenomenon has weakened the capacity of local produc…
The Upper Presbytery of the Presbyterian Church of Ghana, has expressed concerned about the activities of some spiritualists who appear on television purporting to have the ability to conjure money to make people rich overnight.
“It is …
Zimbabwe has secured a syndicated loan put together by the African Export-Import Bank that will enable it to clear $1.7 billion of arrears with the World Bank and African Development Bank.
The funds will allow the southern African natio…
Safaricom Ltd. is still facing the threat of being broken up as the Kenyan regulator weighs up a report on dominance in the country’s telecommunications industry, Chief Executive Officer Bob Collymore said.
East Africa’s biggest company…
Libya’s crude oil production has exceeded 800,000 bpd for the first time since 2014, and could average up to 1.2 million bpd for the rest of this year if oil flows freely, National Oil Corporation (NOC) chairman Mustafa Sanalla said on Wed…
The Ghana Stock Exchange (GSE) drifted lower to close the week with market traded volume of 4.20 million shares valued at GH¢7.43 million. In spite of the disappointing performance, the outlook of the equity market was encouraging in terms…
The government is finalising discussions with its Chinese counterpart to complete the Bamboo, Cane and Rattan Craft Village at Ayi Mensah in the Greater Accra.
This is in line with the government’s transformational agenda to help develo…
The year-on-year inflation rate went up slightly in April to 13.0 per cent, up by 0.2 percentage points, compared with the 12.8 per cent recorded in March. The Acting Government Statistician, Mr Baah Wadieh told a press conference on Wedn…
Mr Kofi Osei-Ameyaw, Director General of the National Lottery Authority (NLA), said the authority would expand its base of revenue mobilisation through new technologies and innovations.
He said the NLA would further strengthen the count…
The President of the Chartered Institute of Marketing Ghana, Mr Kojo Mattah, has advised the government to put restrictions on the importation of goods that can be produced locally or risk suffering less patronage for goods that will be pr…
Mr Joe Ghartey, the Minister of Railways Development, has urged African investors to invest in the development of infrastructure in Ghana, where the security and fruitfulness of their capitals are guaranteed.
He said the prospec…
Some stakeholders in the agriculture sector have said that the invasion of the recently discovered fall armyworm (FAW), which is destroying crops, should be a wakeup call for the country to take agricultural research seriously.
They sai…
Poultry farmers are threatening a legal showdown with the government to help force a refund of GH¢6 million that was used to finance the pilot phase of the Ghana Broiler Revitalisation Programme (GHABROP) launched in 2014.
The money is …
The Chief Executive Officer of Omnibank Limited, Mr Philip Oti-Mensah, was named the Small and Medium Enterprise (SME) financial Chief Executive Officer of the year 2017 at the Ghana@ 60 edition of the Entrepreneur and Corporate Executive …
The Acting Executive Director of the Africa Centre for Energy Policy (ACEP), Mr Ben Boakye, in an interview called on the government to come out clear on the issue.
“The government has to speak to stakeholders before making that major shi…
The country’s attempt to export power to its neighbouring countries will suffer a major setback if tariff differentials between independent power producers (IPPs) signed in Ghana and those in the export destinations in the sub-region are n…
The savings culture among Ghanaians is low. A recent data from the Ministry of Finance showed that 48 per cent of adult population in Ghana are financially excluded.
This implies that these people do not have access to financial service…
The Ghana Association of Microfinance Companies (GAMC) is asking its members to merge, as part of moves to strengthen and consolidate institutions in the sector.
The consolidation of the existing institutions is needed to strengthen mem…
Mr. Kingsley Carlos Ahenkora, Deputy Minister of Trade and Industry, has hinted on government’s resolve to ensure that farmers scattered across Ghana have places to market their produce. He made this revelation on Monday at an inspectio…
In advanced countries, majority of citizens trade online — exiting the conventional way of trading, which is to walk into a shop or a market. While that is not the case yet here in Ghana, selling and buying online is gradually becoming acc…
U.S. import prices increased more than expected in April amid rising costs for petroleum products and a range of other goods, which could help boost domestic inflation and keep the Federal Reserve on course for further interest rate hikes.…
Irish bar owners warned that the U.K.’s decision to exit the European Union may hit sales, a microcosm of the wider threats facing the nation’s economy from Brexit.
“Brexit is already having an effect as the numbers visiting Ireland fro…
India unveiled the world's biggest solar farm earlier this year and has quadrupled its solar capacity in the last three years, bringing electricity to millions of off-grid households. But what are the innovations that could see solar repla…
Esther Amba Numaba Cobbah practises management according to the principles of Jesus Christ. She wouldn’t tell you much directly, but in every statement, she makes concerning her life, her goals, her work, and any of her numerous social cau…
MTN Ghana, a mobile telecommunications company, has urged users of its mobile money service to desist from doing third party transactions.
Such transactions, which include loading the wallet of others, as well as cash-out services, expo…
The Ghana Auctioneers Association (GAA) has referred Mr Alexander Adjei of Alex Mart, a licensed auctioneer, to the Disciplinary Committee after he auctioned unserviceable vehicles of the Ministry of Food and Agriculture (MOFA).
This ca…
The Ministry of Finance has partnered the Government of Switzerland to introduce a $2.6 million Remittance Grant Facility (RGF) project to provide financial assistance to companies that develop or introduce innovative but less costly remit…
A 23-member trade delegation from Ghana is currently on a week-long tour through the Netherlands to explore opportunities for business and cooperation in food processing technologies and packaging.
A statement from the Netherlands Embas…
Mr Joe Ghartey, the Minister of Railways Development, has said Government would in the next three and a half years construct approximately 1200 kilometres of rail to boost Ghana’s economy.
He said: “The building of a modern railway netw…
Despite the tough business operating environment in 2016, Ecobank Ghana Limited’s revenue jumps 18 per cent over that of the previous year.
Total revenue for 2016 was GH¢1.2 billion compared with GH¢1.02 billion in 2015, driven by gains…
Standard Chartered Bank Ghana Limited says the macro-economic environment has generally improved towards the end of the first quarter following uncertainties in the beginning of the year.
It said though headwinds persist, the medium ter…
Professor Bafour Agyeman-Duah, Chief Executive Officer (CEO) of the John Agyekum (JAK) Foundation has indicated that the government policy of ‘planting for food and jobs’ would be critical to the eradication of hunger and poverty.
He …
Cenpower Generation is set to add on stream a combine-cycle power plant of 350 megawatts to the country’s energy needs by the third quarter of this year.
The US$ 900 million project, a special-purpose vehicle created to develop the Kpon…
Conventional wisdom among those that follow energy markets and oil in particular is that OPEC is not what it once was. For a few decades the cartel of oil producing nations was both feared and revered around the world. They had the power t…
What changes a corporate branding disaster from being a costly and damaging affair, to one with fatal consequences for the company concerned?
How is it some firms have been able to bounce back while others are unable to survive?
Both…
Mr John Peter Amewu, the Minister of Lands and Natural Resources, says war against illegal mining remains the topmost priority of the Government and that it would ensure that the practice becomes unattractive.
“Not only will we end thi…
The proposed Public-Private-Partnerships (PPP) Bill, when passed, is expected to provide clear guidelines on procurements and other processes for PPP in Ghana and thus help to curb excesses caused by sole-sourced procurement.
Mr Henry K…
The largest global banks in London plan to move about 9,000 jobs to the continent in the next two years, public statements and information from sources shows, as the exodus of finance jobs starts to take shape.
Last week Standard Charte…
Mr Emmanuel Adu-Sarkodee, the Group Chief Executive of CDH Financial Holdings Limited, has won the prestigious Group Chief Executive Officer of the Year Award for 2016, at the 7th Ghana Entrepreneurs and Corporate Executives Awards (GECEA)…
The euro has slipped back against the dollar as markets reacted to Emmanuel Macron's victory in France's presidential election.
In the immediate aftermath of the vote, the euro hit a six-month dollar high of $1.1024, but then fell back …
When a car excites you, it breaks your heart to leave it behind in the showroom because your pocket or bank account is speaking the ‘can’t buy’ language.
The feel, the look and the features become indelible, coming up in your dreams and…
Energy Media Group (EMG) has announced plans to introduce the first ever Ghana Energy Awards in December to recognise contributions of oil industry players in growing the national economy.
The Media Group made the announcement when its …
The Chief Executive Officer of the Ghana Shippers Authority, Dr Emmanuel Kofi Mbiah, has stepped down as the Chairman of the Legal Committee of the International Maritime Organisation.
Dr Mbiah, who was the sixth chairman of the committ…
The 6th Innovation Prize for Africa will be held in Accra in July 2017.
The event is a collaboration between the Ministry of Environment, Science, Technology and Innovation (MESTI), Ghana Investment Promotion Centre (GIPC), and Ghana 60…
Some farmers in the Nandom and Lawra Districts of the Upper West Region have adopted very indigenous but innovative farming practices and technologies to increase crop yield whilst safeguarding the environment.
The innovations introduc…
Indigenous cocoa processing company, Niche Cocoa, is investing US$18 million to expand its processing capacity from 30,000 tonnes per annum to 60,000 tonnes.
The move forms part of the company’s aim to process more cocoa beans and reach…
Staff of the Cocoa Processing Company (CPC) has blamed the limited reinvestments in the company on the stringent regulations of the Ghana Stock Exchange (GSE), which makes it illegal for the government to come to the aid of the cocoa grind…
Ecobank Ghana’s initiative to promote a cashless system is yielding impact with more than 80,000 customers of the bank signing on to the digital mobile banking platform, barely four months after its launch.
The digital platform, which i…
A NEW commodity spawns a lucrative, fast-growing industry, prompting antitrust regulators to step in to restrain those who control its flow. A century ago, the resource in question was oil. Now similar concerns are being raised by the gian…
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