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…
Even before the decision of HFC Bank to declare its entire transport unit redundant takes effect, news over more redundancies in the coming days have taken the centre stage at the bank’s corridors across the country.
This development is…
The Bank of Ghana (BoG) has begun a special exercise to ascertain compliance with the directive for proper loan classifications as part of measures to halt the rising non-performing loans.
The Governor of the Bank of Ghana, Dr Ernest Ad…
Airtel Ghana, the Smartphone Network, continues to demonstrate leadership and innovation in the use of Social Media to engage with customers and relevant stakeholders. At the Ghana ICT and Telecom Awards (GITTA) held recently, the Smartpho…
Softbank's chief executive has said he is considering investing in Uber or Lyft, as the company eyes a move into the US ride-sharing market.
Masayoshi Son made the comments to the media as the Japanese technology giant reported a 50% ri…
Mr Kofi Venyo, the Chief Executive Officer of Kofi Venyo and Company Limited, a commercial agriculture firm, has called on government to cut subsidies in the agriculture sector.
He said this would enable farmers to see themselves as bu…
Players in Ghana’s banking sector say reductions in the Monetary Policy rate would not necessarily reflect in the lending rates of banks until other factors influencing the rates are also addressed.
Answering questions as part of a pane…
Mr Ridle Markus, the Strategist for Research at Barclays Africa, says in order for Ghana to achieve a strong and sustainable macroeconomic environment, it is important that she addresses the short and long-term challenges facing the econom…
World Vision Ghana (WVG) has constructed shea butter processing centres for 600 women in the Garu-Tempane District of the Upper East Region to help improve and sustain their livelihoods.
The Shea butter project which is being implement…
The Ghana National Petroleum Corporation (GNPC) has urged the Government to use natural gas in addressing the mounting energy needs of the country.
Dr Kofi Koduah Sarpong, the Chief Executive Officer (CEO) of the GNPC, said natural gas …
Mrs Patience Akyianu, the Managing Director of Barclays Bank, Ghana, has urged the Government to build an economy that rewards entrepreneurship, supports production and creates jobs.
She said the Bank would continue to support the busi…
The Ghana Chamber of Commerce has urged the Government to take a critical look at taxation of the telecommunication sector by specifically reviewing the mobile sector taxes to enhance efficiency and affordability.
“Government need to cr…
Michael Kors Holdings Ltd reported better-than-expected quarterly results on Tuesday and lifted its annual revenue forecast as it opened more stores and benefited from strong demand in China, sending its shares soaring 18 percent.
The U…
Saudi Arabia will cut crude oil allocation to its customers worldwide in September by at least 520,000 barrels per day, Reuters reported Tuesday, citing unnamed sources familiar with the plans. If realized, that means the globe's top produ…
Time Inc , the publisher of Fortune, People and Time magazines, reported a lower-than-expected quarterly revenue on Tuesday, hurt by declines in magazine sales and advertising revenue.
Circulation revenue, which accounts for nearly 30 p…
The Managing Director of HFC Bank Ltd, Mr Robert Le Hunte, has on behalf of the management of the bank commended PETROSOL, an indigenous Oil Marketing Company (OMC), for its commendable performance as a customer of the bank over the years.…
The Public Interest and Accountability Committee (PIAC) – the committee with oversight responsibility for the prudent management of oil revenues – has engaged citizens of two districts in the Volta Region on how oil revenues have been used…
The United States Agency for International Development (USAID), under the U.S. government’s Feed the Future Initiative launched its first-ever District Profile Series in Ghana’s northern region. The aim is promote an evidenced-based approa…
Dr Maxwell Opoku Afari, a former Deputy Division Chief of the International Monetary Fund (IMF) has been appointed as the First Deputy Governor of the Bank of Ghana.
His appointment took effect from Monday August 7, 2017, a statement is…
The Ministry of Finance has begun the process of settling its indebtedness of GH¢3.4 billion to some companies as part of efforts to save them from distress.
The payment affects more than 900 different invoices submitted by the affected…
Telecom operator, Tigo has successfully completed point-to-multipoint base stations in four major business districts across Ghana. Businesses and residents within the Accra, Kumasi, Takoradi and Sunyani central business districts now have …
China’s foreign-exchange reserves posted a sixth straight monthly increase as the yuan strengthened and economic growth remained robust.
Key Points
The foreign currency stockpile climbed $23.9 billion to $3.081 trillion in July, t…
UK house prices have recorded a quarter-on-quarter fall for the fourth month in a row for the first time since 2012, according to the Halifax.
The mortgage lender said that property prices between May and July were 0.2% lower than the p…
LONDON (Reuters) - Oil prices edged down from nine-week highs on Monday, pressured by worries over high production from OPEC and the United States.
Global benchmark Brent crude futures LCOc1 were down 67 cents, or 1.28 percent, at $51.7…
The Sefwiman Rural Bank in the Ashanti Region made a profit after tax of GH¢600,000 in 2016, as against GH¢444,000 the previous year, representing an increase of 35 per cent.
The assets of the bank also grew from GH¢11.75 million in 201…
The Government has been advised to desist from granting overly generous tax incentives and concessions to multinational companies operating in the country, as the practice is injurious to the economy.
A research by Tax Justice Network A…
The Northern Regional Farmers Association, has expressed gratitude to the government for the package to facilitate the Planting for Food and Jobs programme.
At a press conference in Tamale over the weekend, Mr Mohammed Adam Nashiru, the…
A Chinese delegation from the Wenzhou Province, and led by Chairman Xie Shuhua, has conferred with the Kumasi Metropolitan Assembly (KMA) to exploit business opportunities for the mutual benefit of the two countries.
The team, made up o…
Senior Minister Yaw Osafo Maafo has opened the Sixth Edition of the Ghana Economic Forum (GEF) for more than 500 local and international business leaders, at the Kempinski Gold Coast City Hotel in Accra.
The participants are expected to…
PARIS (Reuters) - French carmaker Renault said on Monday it had signed a new joint venture deal in Iran following an initial partnership agreement struck last year, which Renault said would boost its growth in the country.
Western comp…
Melcom Ghana, a company specialising in the sale of all kinds of merchandise, has introduced new uniforms for all male and female staff.
A statement signed by the Director of Communications of the company, Mr Godwin Avenorgbo, said by t…
CAL Bank has reinvented itself to be able to meet emerging challenges and tap into opportunities in the economy.
The new brand, which comprises a new logo, tag line, core values and visual representation, was unveiled on August 2 at a c…
MTN Ghana has pledged to collaborate with the relevant security agencies and other stakeholders to weed out mobile money (MoMo) fraudsters from the industry.
Subsequently, the telecommunication giant said it had already taken several st…
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