Mr Osei Asafo-Adjei, the Managing Director(MD) of the Royal Bank, has suggested to the Bank of Ghana (BoG) to allow banks to recapitalise based on the nature of their business interest.
He said, this would imply that banks that would li…
Western Europe’s biggest oil and gas producer, Norway, is also one of the countries that is most self-congratulatory on its climate action, electric cars sales, and green policies. One of the central—and most controversial—issues in the ca…
The U.S. economic expansion will last at least another two years, according to a majority of economists polled by Reuters who also forecast growth will not accelerate the way the Trump administration has predicted.
The recovery from the…
Npower's parent company, Innogy, has reported a loss for its UK division, but gained more customers in the first half of the year.
Npower posted losses in underlying earnings of 12m euros (£11m), compared with a profit of 85m euros in 2…
A leading IT and system integration company, JETHRO, has chosen Ghana as the latest location for its ambitious expansion plans within the continent.
To celebrate the launch of JETHRO in Ghana, the company organised an event on the theme…
The Department of Fisheries and Watershed Management, Kwame Nkrumah University of Science and Technology (KNUST), is leading efforts at increasing the nation’s fish production levels, to substantially boost household incomes.
It is doin…
The Bank of Ghana (BoG) is in the process of issuing guidelines for the establishment of cyber security protocols and procedures for routine and physical security measures for IT centres and control rooms.
Dr. Johnson Asiamah, Second De…
The Africa Centre for Energy Policy (ACEP) on Wednesday said Ghana risk losing significant revenues from Sheini iron ore project whose development contract was yet to be awarded.
The Centre, based its argument on the absence of an open …
Mr Sampson Akligoh, Director, Financial Sector Division of the Ministry of Finance, has announced that Ghana would launch its Financial Inclusion Strategic Plan next year as part of effort to transform the financial sector.
He said the …
Snap shares plunged 14% on Thursday after the social media firm reported more than $400m (£310m) in quarterly losses and fewer than expected users.
The share price fall extended a decline that started almost immediately after Snapchat s…
Last weekend, the Africa Centre for Energy Policy (ACEP) published an advisory paper for the government. The paper is aptly named “Liquefied Natural Gas (LNG) supply to Ghana: The politics and the reality”.
This paper is doing a comm…
Odotobri Rural Bank Limited, with its head office at Jacobu in the Amansie Central District in the Ashanti Region, in its quest to offer convenient banking services to its numerous customers has launched and made functional, its ATM servi…
The Civil Technical Division of the Ghana Institution of Engineers (GhIE) is scheduled to hold a conference and exhibition on September 14, 2017 at the premises of the Ghana Institution of Engineers, Roman Ridge, Accra.
Under the theme:…
Vice-President Dr Mahamudu Bawumia on Thursday reiterated government’s commitment to fully implement the Treasury Single Account (TSA).He said there would be no turning back on its execution.
In a speech read on his behalf Dr Bawumia sa…
MTN Ghana on Wednesday held its Mobile Money stakeholders conference, as part of activities for the month-long celebration on the need to address barriers in mobile transactions.
The conference held under the theme: “Addressing barriers…
The Ghana Ports and Harbours Authority (GPHA) is to harmonise billing procedures at the port by deploying an electronic interface as part of measures to eliminate delays in processing payments at its revenue mobilisation centre.
The ele…
The Bank of Ghana (BoG) is to roll out in phases, a new banking regulation model that will require banks to keep minimum capital commensurate with the risks they face, the Governor, Dr Ernest Addison, has announced.
He stressed that the…
The government has earmarked GH¢456 million as seed capital to support 80 private enterprises approved by the one-district, one-factory Secretariat to participate in the implementation of the one-district, one-factory programme.
Accordi…
President Nana Addo Dankwa Akufo-Addo has served notice that public officials will be held accountable for their decisions, actions and inaction in the management of public resources.
He gave an assurance that the government would ensur…
Airtel Ghana, the Smartphone Network, has unveiled a special Hajj Bundle offering a whopping 200% discount on calls for Hajj Pilgrims to Saudi Arabia – to enable them stay in touch with their family and friends throughout the Pilgrimage.
…
Accra, Aug. 9, CDA Consult - Ecobank Transnational Incorporate (ETI), Regional Commercial Bank operating in many African Countries including Ghana recovered from previous day’s marginal slip to hit the Ghana Stock Exchange (GSE) Investors’…
Dr Lord Mensah, a Finance and Investment Expert, has observed that it would be difficult for government to maintain low macro-economic indicators while promoting economic growth at the moment.
He said government’s policy strategy was to…
Compliance with the OPEC oil output deal continues to decline as the cartel's production increases for the month of July.
• Oil prices have rallied back towards $50 per barrel, retracing the steep losses in June.
• But upside potent…
A sudden rise in interest rates poses the greatest threat to the global economy, the IMF's former chief economist has told the BBC.
Ken Rogoff, who famously predicted a big bank would collapse during the financial crisis, warned that pe…
UK industrial production shrank in the second quarter of the year, according to the latest official figures.
Production fell by 0.4%, mainly due to a 0.6% drop in manufacturing output, the Office for National Statistics (ONS) figures sh…
The Enterprise Group Limited recorded a net profit of GHC68 million in 2016 as against GHC51.5 million in 2015, representing an increase of 31.9 per cent. Net insurance premium rose from GHC253.7 million in 2015 to GHC308 million in 2016 w…
The Annual Internal Audit Conference to provide a platform for key stakeholders in the fiscal and audit sector to chart plans and robust mechanisms to ensure judicious use of national resources, has opened in Accra.
The two-day dialogue…
President Nana Addo Dankwa Akufo-Addo on Thursday said accountability was important if the country is to make progress in its developmental efforts. To that effect, he said, public officers should be accountable for their decisions, action…
Mr Kwaku Agyemang Manu, the Minister of Health, has said a complaints desk has been established at the Ministry of Finance and Economic Planning to receive complaints from members of the public with invoices of high taxes.
He said the e…
The United States Agency International Development (USAID) on Tuesday, joined efforts with the Ministry of Energy to chart plans and measures to increase public access to electricity to bolster socio-economic growth.
At a three-day w…
Toshiba has met a deadline to report its long-awaited earnings results, reducing the risk that the firm will be delisted from the Tokyo Stock Exchange.
The embattled electronics firm posted a loss of $8.8bn (£6.7bn) for the last fiscal …
The number of Americans filing for unemployment benefits unexpectedly rose last week, but the underlying trend remained consistent with a tightening labor market.
Initial claims for state unemployment benefits increased 3,000 to a seaso…
The Accra Garment and Textile Cluster network has launched Ghana-made boxer shorts as part of efforts to revive the garment and textile industry.
The boxer shorts and loose pants, which are designed and tailored by Ghanaian tailors and …
The government is to maintain the producer price of cocoa at GH¢475 per bag of 61.5 kilogrammes for the 2017/2018 cocoa season, in spite of the fall in the price of the commodity on the international market.
This is expected to bring so…
The Vice President, Alhaji Dr Mahamudu Bawumia, has inaugurated a 13-member board of the Bank of Ghana (BoG), with a call on the members to assist the bank achieve its core mandate of ensuring price stability.
He charged the board to he…
American and Danish companies find it difficult to do business in Ghana because of the demand for illegal payments, the United States Ambassador to Ghana, Mr Robert P. Jackson, has stated.
According to him, particularly for American bus…
The Vice-President, Alhaji Dr Mahamudu Bawumia, has reiterated the government’s commitment to provide a business-friendly environment for the private sector to thrive.
The government, he said, attached equal importance to the establishm…
For many Ugandans, the gold found deep underground in the hills of Mubende District was a lifeline.
Over the past five years, an estimated 70,000 people have left their homes and moved to the gold fields, seeking - if not their fortunes…
Shippers have begun talks with the security agencies to remove the numerous check points along the country’s transit corridor. This follows a recent survey along Ghana’s transit corridor which identified about 40 police and customs check p…
In the traditional view of executive coaching, an executive, with her boss’s participation, takes personality assessments, receives 360-degree feedback, and creates and implements a development plan designed to address performance gaps, op…
Airline Operators in Ghana’s aviation sector have raised concerns over challenges that require urgent attention in order to foster growth in the sector.
They raised the concerns at a maiden Breakfast Meeting organised by Aviation Ghana,…
Media giant Walt Disney plans to start its own online streaming services in the US for movies, shows and sports in a shift aimed at bringing productions directly to consumers.
The plans come as the firm grapples with falling television …
Fitch Ratings has affirmed the African Development Bank's (AfDB) Long-Term Issuer Default Rating (IDR) at 'AAA' with a Stable Outlook and Short-Term IDR at 'F1+’, according to a release copied to the Ghana News Agency.
It said the key d…
Having the right structures and systems in place is critical for creating an efficient and productive enterprise. For any business to thrive, it is very necessary to have the right people in the correct roles, doing the right things accord…
The reconstituted Governing Board of the Ghana Civil Aviation Authority (GCAA) has been inaugurated, with a charge on them to support the ongoing initiatives in the sector to achieve government’s vision for the sector.
The Board, chaire…
Participants at the Sixth Edition of the Ghana Economic Forum (GEF) at the end of the forum have urged the Government to consciously select some businesses in the country and grow them into global giants.
They entreated the Government t…
Mr Solomon Lartey, the Chief Executive Officer of Activa Insurance, Tuesday, urged the Government to formalise the informal sector to enable insurance companies design products targeted at Small and Medium-scale Enterprises.
He said ins…
The Bank of Ghana (BoG) has warned that prospective investors who will deposit funds with Menzgold, an international gold purchasing firm, in exchange for gold will be doing so at their own risk because the firm is not licensed to receive …
Vodafone Chief Executive, Yolanda Cuba, has grabbed the “Most Outstanding Telecommunications Executive” award at the just ended Feminine Achievement Awards. This adds to a host of accolades she has received since assuming the role of CEO o…
Workers of mining company, Owere Mines Limited at Konongo in the Ashanti Region, have asked the government to help sell the company’s concession to a new investor that has the technical capacity and financial muscle to turn its fortunes ar…
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