General Electric (GE) the world’s premier digital industrial company, on Monday said it had ordered 200MW new cycle power plant to be operated by Amandi Energy Limited at Aboadze in the Western Region.
The plant would help to add reliab…
There is uneasy calm among staff and some management members of Airtel Ghana and Millicom Ghana, operators of tiGO. This follows the formal announcement of a merger between the two companies in their quest to dominate the highly competitiv…
The Africa Business Media Limited, publishers of the Ghana Business and Finance Magazine, has launched the fifth edition of its Ghana Economics Outlook and Business conference in Accra as a platform to address mobile money issues.
This…
The CEO’s Network Limited, in collaboration with Deloitte, an international audit firm, has opened nominations for the 2016 CEO Awards. The Chief Executive Officer of the Network, Mr Ernest Egyir, said the awards was, among other things, m…
More than 100 staff members of the Information Services Department (ISD) and regional budget officers had undergone a three-day budget sensitisation training to enable them to educate the public on government economic policies in the 2017 …
Ghanaian cocoa farmers have been asked to continue to stick to best cultural practices to help keep unaltered the quality of the nation’s cocoa beans.
They should ensure that the beans are taken through proper fermentation, thoroughly d…
The Ghana Revenue Authority (GRA) has allayed fears of the public that the tax incentives announced by the Finance Minister in the 2017 Budget would hinder its tax collection efforts.
In line with the Government’s election campaign prom…
In the period since independence in the 1950s, Africa has undergone profound social, cultural, economic and political changes. Some inherited and historically rootless colonialist political and social systems have collapsed, been transcend…
The President of US-Africa Business Centre at the US Chamber of Commerce, Mr Scott Eisner, has expressed the resolve of the chamber to make Africa the frontline of President Donald Trump’s administration in terms of trade policies.
Towa…
Political meddling of the leadership of most State owned commercial establishments continue to be the bane of the country's economic and growth woes.
There is therefore the need to dilute the top management positions in corporations su…
Mobile phone giant Vodafone says it will create 2,100 jobs across the UK.
The company is expanding existing customer service centres, with 800 additional posts in Manchester, almost 150 in Newark, more than 150 in Stoke-on-Trent and abo…
The Minister of Finance, Mr Ken Ofori-Atta is optimistic that the measures outlined in the budget would help ensure efficiency in revenue collection and offset any shortfalls because of tax reliefs.
He said government was sure to increa…
Nestle Ghana at the weekend organised Distributors’ Conference and Awards ceremony in Accra, during which prizes were presented to the four categories of Product Champion, Highest Turnover, Overall Best Distributor and National Best Award.…
Government is committed to transforming the railway sector, to become the backbone of the economic transformation that will lift Ghana from a middle-income into a developed country, the Minister for Railways Development, Mr. Joe Ghartey, h…
Toyota Ghana Company Limited has ended its eight National Technical Skills Contest for Technicians and Service Advisors in Accra, with two winners earning a fully-paid trip to the Global Toyota Champions Assembly in Japan in September.
…
Airtel Ghana joined the international community to celebrate International Women’s Day on 8th March with a series of activities aimed at celebrating women in Airtel and across the country.
International Women's Day is commemorated globa…
An industry tracker says bottled water overtook soda as the No. 1 drink in the U.S. by sales volume last year.
Bottled water has been enjoying growth for years, while sales of traditional sodas have declined. Research and consulting fir…
The maiden budget of the Akufo-Addo Administration, presented by the Finance Minister on Thursday, March 2, 2017, saw the downward revision of certain taxes while others were completely abolished.
We are of the view that even though tax…
Women in informal sector employment have been urged to explore available avenues that could add value to themselves and their products in order to remain relevant in the changing world of work.
Madam Christiana Carl-Oparebea, former Nat…
The Young Investor Network (YIN) is to host series of activities to commemorate the Global Money Week 2017 in Ghana from March 28 to April 2 with the aim of instilling in young people, financial literacy.
A statement signed by Mr Joshua…
The Ghana Institute of Governance and Security (GIGS) says the decision by Morocco - a North African economic giant, to join Economic Community of West African States (ECOWAS), could provide the sub- region with huge investment opportuniti…
VW and Tata have agreed to form a strategic partnership to help both companies boost economy car sales in India and emerging markets.
VW's Skoda unit will lead the project to develop components and vehicles.
VW is looking for new mar…
Norwegian oil and gas producer Statoil said on Thursday it aims to cut its annual carbon dioxide emissions by about a fifth from current levels by 2030 as part of global efforts to limit climate change.
It set a goal of cutting 3 millio…
Rome (AFP) - Italy on Wednesday introduced a flat tax for wealthy foreigners in a bid to compete with similar incentives offered in Britain and Spain, which have successfully attracted a slew of rich footballers and entertainers.
The ne…
The Minister of Finance, Mr Ken Ofori-Atta, has stated that the country will make up for the shortfalls in tax reliefs by ensuring efficiency in revenue collection, especially by the Ghana Revenue Authority (GRA).
He said tasking the GR…
The Pan-African Financial Services Group, United Bank for Africa Plc (UBA) and leading European and African Telecom operator, Orange Group have announced a strategic partnership to deliver innovative financial services across Africa. Under…
U.S. stocks rose on Friday amid broad-based gains as a stellar jobs report underscored the strength of the economy, potentially giving the Federal Reserve enough ammunition to raise interest rates next week.
Data showed 235,000 jobs wer…
President Nana Addo Dankwa Akufo-Addo says one of his topmost priorities is to build the capacity of local pharmaceutical companies to enable them to produce more drugs locally.
He said local production was “a matter we have to pay maxi…
Deutsche Bank's top three investors, who together own almost 20 percent of its stock, are likely to back its latest capital hike, people familiar with the matter said, although smaller shareholders are skeptical about its turnaround plan.
…
The Electricity Company of Ghana (ECG) in the Ashanti Region, has scaled up the effort to improve customer care through prompt response to complaints.
As part of this, it has designated, the coming Saturday, March 11, as ‘Customer Compl…
Some industry players have expressed divergent views about the failure of the 2017 budget statement to touch on corporate taxes, one of the major promises the New Patriotic Party (NPP) made in its 2016 manifesto.
While some believe it …
Dutch paints and coatings maker Akzo Nobel NV (AKZO.AS) rejected a 21 billion euro ($22 billion) bid from larger U.S. rival PPG Industries Inc (PPG.N) on Thursday, saying instead it wanted to "unlock value" by spinning off its chemicals bu…
A business entrepreneur has appealed to the government to do something about the high interest rate and unstable power supply for local manufacturers to stay in business.
Mr Daniel Oppong, the Chief Executive Officer of the Chemipong E…
The Ghana Highways Authority (GHA) says the country is losing huge revenue in connection with the burning down of the Fiapre toll booth, situated on the Sunyani-Nsoatre highway.
According to the Authority, as at February 22, this year, …
Government has been urged to look for local sources of energy to power the one-district-one-factory programme in the long term.
Mr. Samuel Asare, a financial analyst, said such off-grid energy development activities would give impetus t…
Lego hit record sales last year, but could not dislodge Barbie maker Mattel as the world's best-selling toy maker.
The perennially popular plastic brick maker grew sales by 6% to 37.9bn Danish kroner ($5.38bn; £4.42bn), a slowdown from …
The outlook for eurozone growth is "more optimistic", the head of the European Central Bank (ECB), Mario Draghi, has said.
Accordingly, the central bank has raised its economic growth forecasts for this year and next, to 1.8% in 2017 an…
A spare parts importer and dealer says the scraping of import taxes on spare parts would help to reduce road crashes which have become a major source of high degree injuries, disability and deaths in the country.
In an interview with th…
The Ghana Oil Company Limited (GOIL) the nation’s foremost indigenous oil marketing company shares rose by 0.8 per cent to close at GHc1.20 per share at the Ghana Stock Exchange (GSE) mid-week trading.
The GCB Bank also recorded a block…
Dr Kwabena Donkor, Former Minister of Power has called for more investment and manufacturing of energy and power equipment if Ghana is to become hub of electricity power supply in the West African sub region.
He explained that Ghana h…
The number of Americans filing for unemployment benefits last week rebounded from a near 44-year low, but the labor market continues to tighten amid a sharp drop in job cuts in February.
Initial claims for state unemployment benefits ro…
Government would tackle illegal mining activities (galamsey) through collaboration, law enforcement and technological approach, Mr John Peter Amewu, Minister for Lands and Natural Resources has announced.
He said these interventions wou…
The Chief Executive Officer of Prudential Life Insurance Ghana Mr Emmanuel Mokobi Aryee, has been appointed to the Leadership Team of Prudential plc.
The Leadership Team of Prudential Plc is one of the world’s leading financial services…
With the proliferation of financial institutions and other business sectors that require the direct or indirect use and handling of money, it has become very important for businesses to guard themselves against the likelihood of their inv…
Two enterprises in Ghana have been awarded by the National KAIZEN Project Champion Enterprises for their achievements and application of high skills to their clients under the project.
KAIZEN is a Japanese philosophy and methods of qual…
China has given US President Donald Trump the chance to expand his brand, after approving dozens of applications to register the Trump trademark.
Many of the requests, for industries from hotels to security, were made during the US elec…
Experts say insurance should be part of any risk management strategy. However, the agricultural sector is susceptible to many challenges. Uncertainties in weather conditions which subsequently affects farms yields and the of lack of access…
The Member of Parliament (MP) for Asante-Akim North, Mr. Andy Appiah-Kubi, has announced plans to build three food processing factories in the constituency to create jobs and wealth for the people.These would be engaged in the production o…
Contrary to the perception that local companies did not have the capacity to insure any of the three Floating Production, Storage and Offloading (FPSOs) used in oil production, the Ghana Oil and Gas Insurance Pool (GOGIP) says it is up to …
Emirates will be giving focus stage to its close to 40 per cent women employees today as the world marks International Women Day. This is in line with its effort of showing appreciation for their contribution to the success story of Emirat…
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