The dollar regained more ground against a basket of currencies on Friday, while banks weighed on European shares following underwhelming results from Swiss major UBS.
The two-day recovery in the dollar follows its 4 percent drop in the …
Ant Financial, the digital payments arm of e-commerce giant Alibaba, is buying US-based MoneyGram for $880m (£700m).
MoneyGram has about 350,000 outlets in nearly 200 countries. Ant Financial has more than 630 million users.
The take…
The Alliance for Development and Industrialisation (ADI), an advocacy group, has noted with great concern the decline in Ghana’s cocoa production over the past few years.
A statement issued by ADI in Accra yesterday said from a peak of …
The Ministry of Finance is assessing the impact of the various tax reduction promises made by the ruling New Patriotic Party (NPP) in the run-up to the December 7 general election, a tax policy advisor at the ministry, Dr Edward Larbi-Siaw…
A furnace at the Crude Distillation Unit (CDU) of the Tema Oil Refinery (TOR) exploded yesterday, forcing the management of the refinery to shut down the CDU.
Officials were prompted to carry out an emergency shutdown of the facility to…
The Bank of Ghana (BoG) has denied allegations that it will print new 30, 100 and 200 Ghana cedi denominations to commemorate its 60th anniversary.
Reacting to an article circulating on social media that quotes Dr Johnson Asiama, th…
In 2016, real gross domestic product (GDP) growth in sub-Saharan Africa is estimated to have been the weakest since the 2008-09 global financial crisis. This was largely because of the weak performance in its two largest economies, South …
Stakeholders in the power sector have put in adequate measures to mitigate the impact of the shortfall in power production arising from the planned shutdown of the Ghana National Gas Company (GNGC) for maintenance.
A joint statement iss…
The World Bank has forecasted strong gains for industrial commodities like energy and metals in 2017; holding crude oil price forecast for the year at $55 per barrel, due to tightening supply and strengthening demand.
The Bank’s Januar…
The Benso Oil Palm Plantation an Agri-business firm recorded gains of 0.5 per cent to close trading at the Ghana Stock Exchange (GSE) mid-week transaction at GH?2.09 per share.
The GCB Bank also experienced 0.8 per cent rise to close a…
Under an operation called “Planting for Food and Jobs,” the Government of Ghana, would collaborate with the private sector to invigorate agriculture for higher food productivity for the nation to become the food hub of West Africa.
With…
The government has hinted of its plans to review emergency power purchase deals entered into by the previous administration as part of moves to address energy sector challenges.
Notable among these deals are the Karpower and the AME…
The Minister-designate for Trade and Industry, Mr Alan Kwadwo Kyerematen, has said the government intends to empower existing institutions that have oversight responsibilities on small and medium enterprises (SMEs), such as the National Bo…
MTN has partnered African Movies on the Go (AMGO) to launch a mobile application (app) that will allow people to watch movies on their phones. Known as AMGO App, it allows subscribers to download and stream high quality African movies.
…
The government has sounded its intention to review the US$500 million Millennium Challenge Corporation (MCC) support for the country’s energy sector.
The Senior Minister-designate, Mr Yaw Osafo-Maafo, who dropped the hint when he to…
Ecobank and Microsoft have signed a Memorandum of Understanding (MoU) to complement African governments’ efforts to modernise and raise the standards of the continent’s major cities through state-of-the-art digital solutions.
The MoU si…
The Finance Minister-designate, Mr Ken Ofori-Atta, has said the government has begun talks with its development partners and other stakeholders to introduce more reforms in the private sector to improve the ease of doing business in the co…
Kuwait has executed seven prisoners for the first time since 2013, including a member of the ruling royal family.
They were hanged at the central prison, according to a statement carried by state news agency Kuna.
The royal family me…
British Steel ended 2016 in profit after securing a series of "significant" contracts.
The company, bought from Tata by investment fund Greybull, said it was on track to deliver sustainable growth.
The Scunthorpe-based business said …
Sales and profits slipped at Boeing last year, driven largely by lower deliveries of its military aircraft.
The world's number one aeroplane manufacturer made sales of $94.6bn, down 2%, and net earnings of $4.9bn, 5% lower.
It said r…
The Dow Jones Industrial Average traded above 20,000 for the first time on Wednesday, resuming a rally that began in the wake of U.S. President Donald Trump's surprise election victory.
The rally roared back to life after Trump signed n…
Ghana will renegotiate with the United Kingdom aspects of the Economic Partnership Agreement (EPA), if that country leaves the European Union later this year, the Foreign Affairs Minister designate, Madam Shirley Ayorkor Botchwey has said.…
FBNBank Ghana has set to roll out a new money transfer service, Wari, across its branches nationwide to provide simple, accessible and rapid means of sending and receiving money.
As a multi-purpose platform, Wari money transfer service …
The total number of mobile voice subscriptions in the country continues to soar marginally, latest figures released by industry regulator, National Communications Authority (NCA), have revealed.
According to the figures, voice subscribe…
The Ghana Stock Exchange (GSE) for the fourth week in January continues with positive trend and vitality as trading activities registered in ten equities with four gainers.
Volume traded was 290,395 shares which were valued at GH?354,…
UMB Bank has announced the appointment of Mr Kevin Cain, a seasoned Banker and small and medium enterprise (SME) development expert as the Director of Consumer and Business Banking.
A statement issued by UMB Bank and copied to the Ghana…
US President Donald Trump has told the heads of the big three US car giants to build more vehicles in America.
During a White House meeting with the companies' chief executives he promised to make investment more attractive through cuts…
The Accra Bourse sustained its upward trajectory last week on account of uptick in investor confidence, with bargain hunters demanding valuable stocks.
The GSE-Composite Index thus edged up by 1.36 per cent to 1,759.27 points, which cor…
The Bank of Ghana has maintained the Monetary Policy Rate (MPR) at 25.5 per cent, down from 26 per cent it recorded in November 2016. Dr Abdul Nashiru Issahaku, Governor of the Bank of Ghana, said the decision was informed by several facto…
Mr Alan John Kwadwo Kyerematen, Trade and Industry Minister Designate on Monday asked the private sector to brace itself up to have a massive role in the industrial transformation programme of the Akufo Addo Government.
He indicated tha…
Mega-Choice Digital Network, an associate company of Crystal TV, Ghana's first private television network, yesterday officially launched its new Direct-to-Home TV service in Ghana.
The event took place at an international summit on Cont…
So your Christmas sales are over, you also conducted Black Friday sales and the turnout was massive! You believe you made a lot of money, a conversation ensues with a potential investor.
Angel Investor: What was the variance in your biz…
Australia and New Zealand say they are hopeful of pressing ahead with the Trans-Pacific Partnership trade deal, despite America's formal withdrawal.
The US-led 12-nation agreement was set to cover 40% of the world's economic output.
…
Speakers at the 68th Annual New Year School and Conference have called on the government to formulate a national policy that will make it mandatory for financial institutions to demand an insurance policy from players in the agricultural p…
Alsale Services Limited, an Information Technology (IT) oriented solutions company over the weekend launched its “SB9 Value Counting Machine” which detects counterfeit bank notes in Accra.
The SB9 machine, which has a dual user system t…
The 7th Parliament of the 4th Republic was sworn into office last two weekends, with everything set to make our legislators start work. So much is expected of our lawmakers as some outstanding bills are yet to be passed into law. One of su…
Policy makers have been asked to allocate not less than 10 per cent of the government’s annual budget to the agriculture sector. Such a move, they believe, would help increase production in the agric sector by at least by six per cent annu…
Mr Alan John Kwadwo Kyerematen, the Minister-Designate for Trade and Industry says the government will pursue an aggressive industrialisation programme to promote "Made In Ghana Goods".
He said government would also create an enabling …
The Minister designate for Trade and Industry, Mr Alan Kyerematen, has said the government will rely on Ghana EximBank to play a critical role in ensuring that industries bounce back to produce more for export.
According to him, in ensu…
Ghana Young Entrepreneurs (G.Y.E.), an association of young entrepreneurs, has commended President Nana Addo Dankwa Akufo-Addo for creating the Ministry of Business Development.
The group said the initiative would ensure that the right …
Shoppers have apparently been having a field day at the Achimota Retail Centre at Dome, Accra where many customers are being reimbursed the full value of their shopping in vouchers as part of the mall's New Year customer reward promotion.
…
The Royal Danish Embassy says a lot of companies in Denmark have expressed the desire to invest in Ghana because the country is conducive for doing business.
“The Embassy has received more and more interest from Danish investors wanting t…
The Atwima-Nwabiagya District Assembly moved to seize a number of equipment use by illegal gold miners in a special operation at Asakraka and Amadum-Adankwame communities, during weekend. This included drilling machines, gallons of fuel an…
The Acting Area Manager of Ghana Railway Company in Accra, Mr. Abraham Woode, Monday said the Western Railway line must operate efficiently to fetch more money for running the company and the nation.
Mr Woode, who was speaking in an int…
The country’s telecommunications sector is set to witness a major transformation as owners of two of the major players in the industry are set to merge. Bharti Airtel, owners of Airtel Ghana, is reportedly in talks with rival company, Mill…
The investment case for Africa requires taking the long view, especially when it comes to thinking about serving consumers on the continent.
Yes, it’s true Africa’s macroeconomic environment has slowed down overall, in spite of several …
The Kumasi Institute of Tropical Agriculture (KITA) as part of the effort to assist roll back the nation’s high post-harvest losses, is building a GH?160,000.00 agro-processing facility at Domeabra in the Ejisu-Juaben Municipality.
The…
Mr Herbert Acquaye, National President of Ghana Hotels Association (GHA) has said the Association was poised to build capacity of hoteliers to be competitive to meet the growing challenges in the industry.
Mr Acquaye said the Associatio…
Mr Alan John Kwadwo Kyerematen, the Ministerial-nominee for Trade and Industry, on Monday, said the Government would ensure the recalibration of the country’s electricity tariff structure to support industrial growth.
He said the curren…
Provisional fiscal data from the Bank of Ghana (BoG) shows that the budget deficit widened to seven per cent of total economic output, measured by gross domestic product (GDP), against a target of 4.7 per cent.
The BoG blamed the fiscal…
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