Most of us have been there, that moment when you start to panic because you can’t find your wallet. It’s an unfortunate situation that for many, means a big headache. Although it can be difficult to keep what you carry in your wallet to a …
Chinese e-commerce giant Alibaba has sued two vendors for selling counterfeit goods, weeks after being blacklisted by a US industry watchdog.
It's the first time the firm has taken legal action against counterfeiters.
Alibaba sued th…
The price of petrol and diesel in the UK has risen to its highest since July 2015, following a three-pence-a-litre increase in December alone.
The average cost of unleaded petrol hit 117.23p at the end of the month, with diesel reaching…
The Thai government on Wednesday denied rice exported from Thailand contains plastic, following a Facebook post from the United States that went viral online claiming rice from Thailand is mixed with plastic.
A Facebook user by the name…
An opportunity exists to nudge institutional investors, and to a limited extent, retail investors to make more private equity investments to fill the financing gap. More generous tax and regulatory-based incentives, combined with matching…
The Ghana Stock Exchange (GSE) trading for 2017 started on a good note with recorded transactions in 15 equities with six gainers; consequently the benchmark GSE-Composite Index rose by 0.5 per cent to close at 1,698.2 points.
The GSE-F…
The Bank of Ghana has established a 24-hour contact centre in a bid to improve public accountability and to enable the general public interact more with the Bank.The call centre allows the public to lodge complaints, ask questions and mak…
The National Investment Bank (NIB) has launched its International Master Card in Accra to make transactions easy for customers.The cards- the service go card, standard debit card, and the prepaid card – were launched by Togbe Afede XIV, Bo…
Airtel Ghana, as part of its extensive programme to celebrate its Premier customers, has treated dozens of gold and diamond tier Premier customers to a bespoke dinner at the Movenpick Ambassador hotel in Accra to reward them for their loy…
British Airways cabin crew will stage a 48-hour strike from 10 January after rejecting a new pay offer, the Unite union says.
Strikes planned for Christmas were suspended after the new offer was made but members rejected it by 7-1.
T…
Eurozone inflation has surged to its highest rate in more than three years, driven by increased prices for energy, food, alcohol and tobacco.
The annual inflation rate hit 1.1% last month, according to official statistics agency Eurosta…
The Kwamanman Rural Bank has been showing impressive performance with its total assets hitting GH?26,598,898.00 in year 2015.
Compared with the 2014 figure of GH¢22,944,057.00, it represented an increase 15.93 per cent. Mr. John Brefo, …
Leaders of Russian business and industries hope to strike corporate deals with local Ghanaian partners and strengthen economic cooperation in the region during Russian-African Forum (RAF 2017) scheduled for March 13 to 14 in Accra.
A st…
Banks and other financial institutions in China will have to report all domestic and overseas cash transactions larger than 50,000 yuan ($7,201.50), compared with 200,000 yuan previously, the central bank said on Friday.
Ma Jun, chief e…
Whenever I try to set resolutions for the coming year, I realize I can’t for the life of me remember what I resolved to do this year. In general, this doesn’t bode well for my resolutions success. In fact, if I’ve been setting resolutions …
Along with changing your oil every 3,000 miles and checking your child’s trick-or-treat bag for weaponized apples, the common advice to create an emergency fund is overly prudent. All you need is an objective understanding of risk to reali…
Danish Ambassador to Ghana Tove Degnbol has urged public sector institutions to shun “age-old organisational cultures” that contribute nothing to the country's growth and development.
She said for public sector institutions to fully co…
The drums beat, the women sang and danced heartily, and at a stone’s throw, children happily filled their buckets with water from a borehole. It is an end to an agonising long walk to muddy, and sometimes dry streams in search of water.
…
The government has extended its contract with Subah Infosolutions to continue to monitor the country’s revenue in the telecommunications sector for the Ghana Revenue Authority (GRA).
According to a letter dated December 1, 2016, issued …
The Centre for Social Mobilisation and Sustainable Development (CENSODEV), a Non-Government Organisation, has equipped some young entrepreneurs with business skills to effectively develop and market their products.
The entrepreneurs, wh…
International scheduled passenger traffic: All regions, except for Africa and the Middle East, posted slower growth in than last year
Preliminary figures released today by the International Civil Aviation Organization (ICAO) indicated t…
The dollar notched up its biggest gain in three weeks, oil jumped to a 18-month high and a record FTSE lifted European stocks to a one-year peak on Tuesday, building on upbeat Chinese data to ensure a strong start to 2017 for global market…
Activity in the UK's manufacturing sector hit a two-and-a-half-year high last month, according to a survey.
The Markit/CIPS purchasing managers' index (PMI) for the sector rose to 56.1 in December from 53.6 the month before. A figure ab…
Digital currency Bitcoin has seen its value top $1000 (£815) for the first time in three years after it ended as the best-performing currency of 2016.
It traded as high as $1,029 on Tuesday, according to CoinDesk data.
Analysts are a…
The Managing Director of Nsia Insurance, Mrs Mabel NN Porbley, has pledged the company’s commitment to demystify what she termed the lack of awareness of insurance by majority of Ghanaians.
Such a move, she said, was necessary because l…
A total number of 297,623 lines were added to Nigeria’s internet subscriber base in one month, courtesy of grand-masters of data, Globacom, which moved from 26,887,929 customers in September to 27,185,552 in October.
This was gleaned fr…
When faced with the daunting task of having to raise capital to finance its growth, a business has two options to consider – debt which is effectively, borrowed money, or equity, representing owners’ contributions.
As the "residual clai…
The Ghana Investment Fund for Electronic Communications (GIFEC) has rolled out 54 Rural Telephony Project (RTP) sites to help extend the coverage of wireless mobile telephone services to the rural communities nationwide.
A statement sig…
The Strategic Petroleum Reserve Programme (SPRP) initiated by the Bulk Oil Storage and Transportation (BOST) Limited has sustained the country’s fuel security.
It has also eliminated the importation of petroleum products through emerge…
Kwasi Oppong Company Limited has been honoured with the International Star for Quality Award at the just ended World Quality Summit held in the United States of America.
Having been cited for excellence in business prestige, this is the…
GCB Bank Limited has made a total donation of GH¢302,646.00 to five institutions towards the improvement of education and health.The five institutions include the Commonwealth Hall Library of the University of Ghana, Legon which was refurb…
Owners of gift shops and dealers in Christmas and seasonal cards are blaming social media for recording a drop in sales this year.Shop attendants in some shops visited by the Ghana News Agency were mostly idle at the time of the visit and …
Access to e-zwich services continue to improve significantly following a new initiative by the Ghana Interbank Payment and Settlement Systems (GhIPSS), to allow interested enterprises to also offer the biometric payment service.
Accordi…
BP has paid $1.3bn (£1.1bn) for the petrol station business of Woolworths, the Australian supermarket chain.
The deal adds 527 service stations and 16 sites under construction to the 350 outlets BP already owns in the country.
The tw…
One of the biggest mistakes retirees make when calculating their living expenses is forgetting how big a bite state and federal taxes can take out of savings. And how you tap your accounts can make a big difference in what you ultimately p…
The year-on-year inflation from the Producer Price Index (PPI) for all industry rose to 11.9 per cent in November from a revised 9.7 per cent in October. The rate shows a 2.2 percentage point increase in producer inflation relative to the …
The provisional year-on-year 2016 third quarter (Q3) Real Gross Domestic Product (GDP), including Oil, grew by 4.0 per cent compared to 3.5 per cent recorded for 2015 Q3.
Acting government statistician Mr Baah Wadieh attributed the grow…
As part of celebrations for the festive season, Tigo, is offering free nightlong YouTube browsing for its customers from December 25 to 31st, 2016. The offer starts from 12 midnight to 4am for the 7-day Christmas and New Year’s Day promoti…
Dealers in shea butter sales say they smell a boom in business next month as the harmattan has started. They said, the rise in patronage of shea butter popular known as "nkuto" occured during every harmattan season, which made it logical …
The Takoradi Port has signed a joint venture agreement with a private investor, Ibistek Crowley, for the construction of an off-dock container terminal with a capacity of 7,500TU to improve the handling of containers at the port.
Th…
CDH Financial Holding Limited has presented a cheque for GH¢20,000 to the Ghana Prisons Service to support the implementation of the 10-year strategic development plan aimed at transforming the service and prisoners.
Dubbed “The Efiase …
Some private businessmen have urged the incoming New Patriotic Party (NPP) administration to focus on stimulating private sector to improve the fortunes of the ailing economy.
They also called on the incoming government to consider inv…
The International Social Security Association (ISSA) has appointed the Director-General of the Social Security and National Insurance Trust (SSNIT), Mr Ernest Thompson, as the Chairman of the ISSA Technical Commission (TC) on Investment of…
Tema Oil Refinery (TOR) projects to refine 16 to 18 million barrels of crude oil in 2017, following the inauguration of its new 45,000 capacity furnace (crude oil heater) at the Crude Distillation Unit (CDU).
The refinery successfully p…
BEIGE Capital Savings and Loans (BCSL) has secured a medium term funding arrangement with INCOFIN; a Belgium based Investment Management Firm. The Funding agreement provides the opportunity for INCOFIN to introduce a debt investment of up …
The Chief Executive Officer (CEO) of Standard Chartered Bank Ghana, Mr Kweku Bedu-Addo, is leaving his position after six years of distinguished service at the helm.
Mr Bedu-Addo, who is also the first Ghanaian to have assumed that envi…
Melcom Care Foundation, the philanthropic arm of the Melcom Group of Companies, has donated various items to the Police Hospital and the 37 Military Hospital in Accra, to enable them improve patient care delivery.
The items include soft…
The Coca-Cola Company and Anheuser-Busch InBev (AB InBev) have reached an agreement regarding the transition of AB InBev’s 54.5 per cent equity stake in Coca-Cola Beverages Africa (CCBA) for US$3.15 billion, after customary adjustments.
…
Real estate developers say they are eagerly awaiting the scrapping of the five per cent Value Added Tax (VAT) that was imposed on real estate sales by the outgoing administration.
After making the issue one of its campaign promises, the…
The Ghana Hotels Association (GHA) has launched the second edition of its annual National Hotels Awards in Accra. The Awards slated for January 21, 2017 at the Kempiski Hotel, is to honour individuals, dedicated staff and hotel facilities…
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