Dr Owusu Afriyie Akoto, the Minister for Food and Agriculture (MOFA) has said Government would clasp mango production into the one district one factory policy to create jobs and wealth for the youth and women.
He said the Ministry of Lo…
Government has initiated a key strategy intervention to cover cashew, shea, mango, citrus, cocoa, rubber and oil palm under its “Planting for Jobs and Investments” programme.
The programme, which is the second flagship programme of the …
The unemployment rate in the eurozone has fallen to its lowest since February 2009, according to the latest official figures.
The rate dropped to 9.1% last month, from a downwardly revised 9.2% in May.
Separately, inflation remai…
Dr Francis Kusi, the research team leader of the Savanna Agricultural Research Institute ( SARI), has said the Institute is expanding its education programme on the propagation of the Frafra potato (Solenostemon rotundifolius poir) to cov…
The African Development Bank (AfDB) will invest US $24 billion dollars in agriculture as part of its Feed Africa programme- a strategy for agricultural development in Africa.
President of the Bank, Akinwumi Adesina, said this in a speec…
The President of the African Development Bank (AfDB), Akinwumi Adesina, will visit Ghana from 1-4 August 2017 as part of efforts to strengthen cooperation.
The President’s visit to Ghana will provide an opportunity to engage with the Pr…
This will allow them to respond to current energy planning gaps; integrate energy sector planning tools in sector planning and acquire knowledge on undertaking energy demand and supply analyses and balance management
The Economic Co…
The IT failure at British Airways in May that left thousands unable to check in baggage cost it 65m euros (£58m), the airline's owner, IAG, has said.
About 75,000 passengers faced severe disruption when BA's system failed over the secon…
Spain's economy grew by 0.9% in the second quarter thanks to improved exports and household spending.
The growth figure, a first estimate from the National Statistics Institute (INE), suggests the country's economy has finally grown bac…
Facebook, a global social media, now has a platform community exceeding 2 billion people,
Mr Mark Zuckerberg, CEO of Facebook, announced this in his quarterly results and giving updates on progress made to bring the world closer toget…
Mr Emmanuel Wullingdool, the Policy Officer of the Ghana Trade and Livelihood Coalition (GTLC), has called on farmers to ensure proper post-harvest practices to help reduce the high incidence of post-harvest losses.
He said post-harvest…
The US Ambassador, Robert P. Jackson has pledged his country’s preparedness to work with Ghana to create an enabling business environment that would build upon stable economic and political foundation and create jobs.
He said this when …
Professor Robert Darko Osei, the Vice Dean for the School of Graduate Studies, University of Ghana, has urged the Government to check efficiency of public spending. “We need to check the efficiency of government spending, to help strengthe…
Starbucks is to take full ownership of all its China outlets, after agreeing to buying out its joint venture partner for $1.3bn (£994m).
The deal will see it acquire the 50% stake it does not already hold in 1,300 stores in Shanghai and…
Huawei announced that its revenues rose 15 percent year-on-year in the first half of 2017 to CNY 283.1 billion, a notable slowdown from the over 30 percent revenue growth in 2016. The company's operating margin was 11 percent, recovering f…
(Reuters) - Merck & Co Inc said the international cyber attack it suffered in June halted some of its manufacturing and other operations and cut its profit forecast for the year.
The drugmaker said, while announcing its second quarter-e…
The management of Zen Petroleum Limited, the fourth largest oil marketing company in the country, has introduced to the market low sulphur diesel.
This was in accordance with the National Petroleum Authority’s (NPA) directive to move G…
Cocoa Industry players have met in Accra to deliberate and take action on how to end deforestation and forest degradation linked to cocoa sector in Ghana and Cote d’Ivoire. A joint framework of action has been developed with the cocoa sec…
Mr Eric Banye, the Country Programme Coordinator of the Netherlands Development Organisation (SNV), has called on farmers to resort to the traditional method of food storage and limit the use of chemicals that are hazardous to the health o…
Germany's transport minister has announced a recall of 22,000 Porsche cars to remove what he says is illegal emissions-controlling software.
He said that luxury marque Porsche would bear the cost of the recalls of the affected 3-litre C…
Volta Star Textiles Company Limited (VSTL) currently requires a capital injection of about GH¢20 million to enable it to become viable.
As of May 2017, the total debt of the company stood at GH¢13.4m.
The Minister of Trade and Indust…
The Ghana National Chamber of Commerce and Industry (GNCCI) has organised its 41st Annual General Meeting (AGM) to brief stakeholders of the Chamber’s reports and audited financial statements.
The meeting, which took place at the Shippe…
Technical Advisor to the Greater Accra Regional Committee in charge of the ‘one constituency, one million dollar’ project has asked Ghanaians to cooperate with government in the implementation of the policy.
Mrs. Olivia Opoku-Adomah sai…
The State Enterprises Commission (SEC) has started a process to recapitalise all state organisations to make them viable, competitive and effective to deliver on their mandate for improved quality services.All state enterprises, including…
Vice President Dr Mahamudu Bawumia, has called for a strong, thriving and mutually beneficial collaboration between Ghanaian and Maltese businesses to take advantage of opportunities in each other’s countries.
The Vice President who was…
The State Enterprises Commission (SEC) has started a process to recapitalise all state organisations to make them viable, competitive and effective to deliver on their mandate for improved quality services.All state enterprises, including…
Policy think tank, the Institute for Fiscal Studies (IFS), has lauded the government for creating a stable macroeconomic environment for the first half of the year but says much needs to be done to sustain the stability and market confiden…
Vice President Dr Mahamudu Bawumia, has called for a strong, thriving and mutually beneficial collaboration between Ghanaian and Maltese businesses to take advantage of opportunities in each other’s countries.
The Vice President who was…
The National Communications Backbone Company (NCBC), a subsidiary of Vodafone, has paid 30 percent of its debt to the Ghana Revenue Authority (GRA), reports Citi Business News. Head of the Task Force division of the GRA, Henry Bradford Sam…
Amazon sales rose in the second quarter but profits plunged, as the e-commerce giant spent heavily in a bid to become the go-to shop globally for everything from food to television.
The Seattle firm earned $197m (£151m) in profit in the…
Barclays has set aside an extra £700m to meet compensation claims for mis-selling payment protection insurance.
The news came as the bank said costs related to the sale of part of its Africa unit had pushed it into a £1.2bn loss in the …
Facebook revenues and profits soared in the most recent quarter, as advertising dollars poured into the social media company and users continued to flock to the site.
More than two billion people - more than a quarter of the world's pop…
The number of Twitter users each month has stalled, as the social networking site posted a fall in revenue.
Twitter said average monthly active users in the three months to the end of June was 328 million, the same as in the previous qu…
Nana Otuo Kyei Bamfo II, the Chief of Akyem Awisa Traditional Area, says government’s move to encourage younger generation of cocoa farmers is a good succession plan for the industry.
He said the shift from the current crop of aged far…
Nana Kwesi Agyemeng IX, Paramount Chief of Lower Dixcove in the Western Region, has urged the government to take steps to reverse the declining fortunes of the fisheries industry.
He said the industry contributed significantly to the na…
Eighty companies have so far qualified to receive support to boost their businesses under government’s $ 50 million National Industrialisation Revitalisation Programme.
They have been selected from more than 350 viable business facing d…
Access Bank is to inject additional $20 million into its operations of the bank, Mr Dolapo Ogundimu, Managing Director, Access Bank has announced.
He said the Bank’s Group Office in Nigeria had agreed to provide the amount to adequately…
(Reuters) - Verizon Communications Inc reported quarterly revenue that topped expectations on Thursday as the No. 1 U.S. wireless carrier attracted more subscribers with its unlimited data plan.
Shares jumped 3.6 percent to $46.01 in pr…
A group of commercial banks in the country have raised eyebrows over the intention of the government to proceed with the opening of a unified bank account with the Bank of Ghana (BoG) to give a consolidated view of its cash resources.
R…
Twenty-three young men and women grouped into six start-ups are gearing up to convince an expert panel of judges in a final showdown on July 28, 2017 to grab the $100,000 grant on offer from oil producer, Kosmos Energy Ghana.
The young …
The Ministry of Food and Agriculture (MOFA) is to increase its warehouse storage capacity to 200,000 tonnes to take care of anticipated surpluses in production under the Planting for Food and Jobs Programme.
The ministry’s installed war…
The hopes of bank customers to have a drop in interest rates within the shortest possible time following a reduction in the central bank’s policy rate last Monday will be dashed as banks are unlikely to react accordingly in the nearest fut…
The Ghana Commercial Bank (GCB)Limited has partnered with the Business and Financial Times (B&FT) by providing a sponsorship package of GH¢50,000.00 for the holding of the 2017 edition of the Ghana Economic Forum (GEF).
The forum, sche…
It is time to limit unequal and unfair competition between industrial fishing fleets and artisanal fisheries in order to protect the artisanal fishing industry, Mr William Hanna, the European Union (EU) Ambassador to Ghana, has said.
“…
The United Nations Industrial Development Organisation (UNIDO) has started providing technical support to Small and Medium Scale Enterprises (SMEs) and companies producing for export in Ghana.
The support is a project by the Trade Capac…
Supervisory boards at two big German carmakers are to hold emergency meetings later after they were accused of breaching EU cartel rules.
Volkswagen and Daimler have declined to comment on the allegations that they and other German car …
Trading results for the day are as follows:
The Ghana Stock Exchange delivered positive returns in the week ending 21st July, as investor sentiment boosted by improved corporate earnings and a stable economic environment. The GSE-CI …
International specialist digital learning firm Atlas Knowledge has increased its number of partner companies in Africa to almost 30% of its total partner network following the Aberdeen-headquartered firms’ first ever series of overseas wor…
We need to develop a culture of entrepreneurialism if we hope to set the right course for our continent, says Sthe Shabangu, Lead: Public Relations, Public Affairs and Corporate Citizenship, Samsung Africa Office.
When it comes to the p…
The government is in the process of putting in place the key building blocks and the core functions of the Ministry of Monitoring and Evaluation.
Dr Anthony Akoto Osei, the Monitoring and Evaluation Minister, said in developing the syst…
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