The construction of a new terminal at Ghana’s flagship airport – Kotoka International Airport – is expected to make the country a destination of choice with a yearly target of 5 million passengers.
The project, funded by the African Dev…
Sixty interns currently taking part in the Tigo Internship Programme (TIP), on Innovation Day came together with creative and fresh solutions that would improve various processes within the business.
Innovation Day is a day set aside by…
Says Ghana has no business importing rice
Ghanaian government pledges support for AfDB’s High 5s
President of the African Development Bank (AfDB), Akinwumi Adesina, is championing the transformation of the rural economies of Afri…
Mr Yofi Grant, the Chief Executive Officer (CEO) of Ghana Investment Promotion Centre, says government has re-position itself as the best country of doing business in the West Africa region.
Mr Grant said the centre had engaged in putt…
Mr Samuel Kwakye-Darfuor, the Eastern Regional Minister, has called on all the 26 municipal and district assemblies within the region to identify potential commodities to be used to base the one-factory one district project.
He said the…
Hajia Alima Mahama, the Minister for Local Government and Rural Development (MLGRD), has called on Metropolitan, Municipal and District Chief Executives (MMDCEs) to give priority attention to agriculture development.
She said this would…
The LPG Marketing Companies Association of Ghana, Ghana LPG operators Association(GLiPGOA), Ghana LPG Tanker Owners Association and Ghana LPG Table Drivers Union are challenging the decision by the National Petroleum Authority (NPA) to dis…
The Ghana Economic Forum (GEF) would open on Monday, August 7, to provide a platform for economic gurus, industry think tanks and the media professionals to innovate and strategise to solve the national economic challenges for sustainable…
The Institute of Economic Affairs (IEA), a policy think tank, has urged the Government to adopt more innovative and aggressive domestic revenue mobilisation strategies to raise sufficient funds to execute its flagship programmes.
Dr Er…
A tiny unmanned aircraft is hovering quietly above a green field in Buckinghamshire, offering its owner, Joby Stephens, an "eye in the sky".
The drone is kitted out with a tiny high-definition camera that sends crisp images via wi-fi to…
Oil prices fell on Thursday, as cautious buying dried up after U.S. crude rose to near $50 a barrel, with concern about high crude supplies from producer club OPEC offsetting the previous day's data showing record U.S. gasoline demand.
…
China is on pace to overtake the United States as the world's biggest oil importer this year, cementing its status as Asia's most pivotal oil market actor that will increasingly dominate the region's fuel trade.
For the first time, Chin…
New car registrations fell 9.3% in July from a year earlier, according to the Society of Motor Manufacturers and Traders (SMMT).
The trade body said the market was falling - for the fourth month in a row - amid "growing uncertainty" ove…
Malaysia’s bonds are coming back in favor but the respite may be brief. The level of the nation’s foreign reserves is coming under scrutiny as investors brace for outflows from emerging markets.
The lowest reserve adequacy in Asia is sa…
The ECOWAS Regional Electricity Regulatory Authority (ERERA) will soon begin a study on the economic, financial and technical impact of the unbundling of the electricity sector in some ECOWAS Member States, which have carried out power se…
The Ghana Revenue Authority (GRA) has appealed to business entities to desist from under and over declaring of tax returns to rake in much revenue for accelerated national development.
Mr George K O Amankwa-Boateng, Head of Medium Tax …
The Ashanti Regional Minister, Mr. Simon Osei-Mensah, has asked Metropolitan, Municipal and District Chief Executives (MMDCEs) to go to every length to ensure openness and transparency in procurement processes of the assemblies.
They mu…
The Institute of Economic Affairs has urged the Government to revise its funding sources for the free Senior High School (SHS) by mobilising domestic revenue, including increasing the Value Added Tax Rate by one per cent, to ensure its sus…
Dr Akinwumi Adesina, the President of the African Development Bank (AfDB), is championing the transformation of the rural economies of African countries as the fastest way to lift millions of people out of poverty.
The President, who is…
The Ashaiman Municipal Assembly (ASHMA) has held a citizens’ budget sensitization forum to educate Ashaiman residents on the 2017 national budget and related development issues.
The forum, which was attended by representatives of vario…
Japanese car giants Toyota and Mazda have teamed up to invest $1.6bn in a new car plant in the US.
The new factory aims to produce 300,000 vehicles a year and expects to employ about 4,000 people.
President Donald Trump tweeted the d…
Last Monday, the Finance Minister, Mr Ken Ofori-Atta laid before Parliament the 2017 Mid-year Fiscal Policy Review, the first to be done under Section 28 of the Public Financial Management Act, 2016 (Act 921).
There were a number of p…
Andrew Silvernail grew up in a small town in the US state of Maine, where the local paper mill was one of the few businesses in the area.
Becoming the CEO of a global business never entered his mind; he had planned to be a doctor. “I di…
The government has released a total of GH¢54 million to be paid as refunds to businesses exempted from paying taxes, Sampson Akligoh, Economic Advisor to the Minister of Finance has disclosed.
The move, according to him, was in line wit…
The Kosmos Innovation Centre has hosted its third and final round of business plan pitches in the 2017 AgriTech Challenge at the University of Ghana during which six teams presented various viable and scalable business concepts to a panel …
Customers of the Capital Bank now have the opportunity to transfer cash from the bank’s ATM to any other bank in Ghana instantly.
The service, the first of its kind to be rolled out by a bank in the country is ,however, currently availa…
Dr Lord Mensah, a Finance and Investment Expert, says the economic strategy adopted by the Government would yield fruitful results with creation of jobs in the next two or two-and-half years time.
He said the economic policies of the go…
The Chief Executive Officer of Ghana Shippers Authority, Ms Benonita Bismarck, has expressed concern over rising police and customs checkpoints and corruption, which increase cost of doing business in the West African sub-region.
A re…
The ARB Apex Bank has rated the performance of the Builsa Community Bank (BUCO BANK) at Sandema in the Upper East Region last year as satisfactory.
The BUCO Bank took 60th position out of 141 rural banks nationwide with a profit before…
The African Development Bank (AfDB) has commended the government for what it describes as the significant strides made in the management of the economy within a relatively short time in office.
The President of the bank, Mr Akinwumi Ade…
The government is to engage a strategic partner to revamp the Tema Shipyard for it to play its role in the maritime industry.
The Minister of Transport, Mr Kwaku Ofori Asiamah, who made this known, said the discovery of oil in the count…
Ghana has the capacity and resources to produce rice for consumption and export, the President of the African Development Bank (AfDB), Mr Akinwumi Adesina, has said.
“It, therefore, has no business importing rice to the value of $400 mi…
(Reuters) - Dish Network Corp on Thursday reported quarterly results that missed analysts' estimates, but the satellite television provider lost fewer subscribers than expected.
Shares were down 2 percent to $62.72 in early trading.
…
Nigeria took a step to unify its multiple exchange rates by allowing banks to use a currency window for investors when quoting the naira rather than the official rate. The naira weakened on the interbank market.
FMDQ OTC Securities Exch…
The banking industry of Ghana is today witnessing fundamental changes in a rapid manner.
These changes are in response to happenings in the financial markets across the globe, coupled with current trends on the domestic scene, such as; …
Rendeavour’s Appolonia City has signed a partnership agreement with the Ghana Home Loans (GHL) to deliver 100 affordable housing units, in the first phase of a project to help address Ghana’s housing deficit,
The agreement will see th…
Some residents within the Tamale Metropolis have expressed joy with the 2017 mid-year budget review presented by the Finance Minister on Monday.
They praised the government for living up to expectations within the short six months perio…
Mr Joe Tachie, the Acting Chief Director, Ministry of Business Development says Ghana being predominately an SME economy needs to nurture and support start-ups and micro-small medium enterprises to enhance their contribution to economy gro…
Ghana can access $500 million annually from the African Development Bank for development programmes , over a three year period, following President Nana Addo Dankwa Akufo-Addo's prudent management of the economy.
The President of the …
Mr Ibrahim Mohammed Awal, Minister for Business Development, has urged the media to support the government’s plans to brand Ghana as a ready market and open for business.
He noted that the President had communicated the desire to make G…
Australia's biggest mortgage lender has been accused of massive breaches of anti-money laundering laws.
The country's financial intelligence agency launched proceedings on Thursday against Commonwealth Bank for 53,700 alleged breaches.
…
Vodafone Ghana has taken a definitive step in its quest to ignite Ghana's digital agenda. The organisation, through its Foundation, has begun a five-day coding and technology information camp at the University of Cape Coast.
The camp, w…
Newmont Ghana says it is committed to ongoing, dialogue with youth in communities near its Ahafo mine to address their concerns regarding employment opportunities at the operation.
The Kenyasi No. 2 Youth Association organised a demonst…
Ghana is working to roll out a robust system within the next six months so that customs clearance can be granted to importers in four hours, the Vice-President, Alhaji Dr Mahamudu Bawumia, has said.
He stated also that plans were far ad…
The Audit Service says the properties of even dead people who received or took funds from the public purse wrongly will not be spared, as it begins surcharging persons and organisations implicated in the annual Auditor-General’s reports.
…
The current economic crisis and recession in Nigeria has brought to the fore what is already known: that the existent Nigerian national economy is not organized for internal self-propulsion and autonomous economic and business activities. …
Twiga Foods, the Kenyan business-to-business food supply platform announced today that it has successfully raised a Series A funding round including $6.3m in equity and $4m in debt instruments. The round was led by Wamda Capital and includ…
The UMB Bank and UMB Capital have launched the UMB Foundation, an independent philanthropic entity to streamline the corporate social responsibility initiatives of UMB Bank and UMB Capital.
To achieve its vision of “creating meaningful …
The Ghana Union of Traders Association (GUTA) has expressed dissatisfaction with the mid-year budget review presented at Parliament on Monday, by Finance Minister, Mr Ken Ofori-Atta.
The GUTA said the budget failed to capture policies n…
Mr Kenneth Kwamina Thompson, Chief Executive Officer of Dalex Financial Services, says there is hope for journalism in Ghana, especially financial journalism, as the programmes of IFEJ will equip journalists to improve on their work.
He…
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