Run National Development Bank asProfessor of economics at the Institute of Statistical, Social and Economic Research (ISSER), Professor Peter Quartey has stated that the establishment of the National Development Bank will have no positive …
The operations of Susu collectors in Ghana are increasingly becoming digitised following a partnership between the Ghana Co-operative Susu Collectors Association (GCSCA) and Savings at the Frontier.
Operators of the financial scheme say…
The UK economy shrank by 1.5% in the first three months of 2021, but gathered speed in March as lockdown restrictions began to ease, official figures show.
The reopening of schools and strong retail spending helped the economy grow 2.1%…
As is evident across the world, the adoption of technology in all aspects of life in Africa relative to global standards is low.
Available data show that access to internet remains out of reach for most people on the continent, with onl…
The National Board for Small Scale Industries (NBSSI) is partnering with Mastercard Foundation and other firms to deliver a strong micro small and medium enterprises (MSMEs) sector to support the country’s economy.
Already, the NBSSI wi…
The Advertising Association of Ghana (AAG) is to embark on an exercise to remove unauthorised billboards in the Accra metropolis.
The exercise, which is in support of an initiative, “Let’s make Accra work” by the Greater Accra Regional …
Customers of FBNBank Ghana will benefit from an enhanced information security system which has received ISO 27001:2013 certification.
The ISO certification confirms that FBNBank Ghana has attained the required level of security, which a…
The Minister of Energy, Dr Matthew Opoku Prempeh, has assured the chiefs and people of the Western Region of effective collaboration to ensure that the region benefits from the oil and gas activities.
Speaking during an interaction with…
The United States (US) government is to support Ghana to improve on the country’s agriculture sector under a new initiative dubbed: “Mobilising finance for agriculture”.
The $26 million project forms part of the US government’s global f…
Civil Society Organization, BudgIT Ghana, has noted with great concern the “FixtheCountry” campaign by some Ghanaian youth dissatisfied with the country’s state of affairs.
While acknowledging the economic hardships induced by the Covid…
Users of ride-hailing apps may experience some challenges commuting as the Ghana Online Drivers Union commences its two-day nationwide sit-down strike from today, May 11, 2021.
The drivers are using the protest to put pressure on manage…
Two years after its initial Plan of Development to facilitate the optimization of the Deepwater Tano/Cape Three Points (DWT/CTP) block was rejected by government, Aker Energy is set to submit a revised plan of development to government by …
THOUGHT OF THE WEEK
DO’S AND DON’TS OF INVESTMENTS (PART 2) DO’S
4. Do invest small rather than not at all.
Before you do any investing, your first financial priority should be to accumulate some amount of emergency savings. That is how…
This May, the African Development Bank Group is launching a call for proposals for projects enhancing the viability and sustainability of women entrepreneurship enablers.
Women’s business associations, incubators, accelerators, and coop…
Weekly Highlights
• Yields on GoG treasury securities witnessed mixed adjustment.
• GSE extended bullish run into new month.
• Ghana cedi appreciated against the US Dollar.
• Wallstreet gained as policy rate was left unchanged by …
Market Summary
The GSE Composite Index declined marginally by 0.03 points to close the session at 2,695.73 with a year-to-date return of 38.84% while the market capitalization stayed at GH¢62.21 billion.
The GSE Financial Index inched …
Shares in Chinese food delivery giant Meituan have fallen sharply after its boss reportedly shared a 1,000-year-old poem on social media.
The Book Burning Pit by Zhang Jie was posted, then deleted, by the firm's billionaire chief execut…
The Bulk Oil Storage and Transportation (BOST) has begun the re-export of refined petroleum products to some landlocked countries.
Last month, the company delivered about 70-long fuel tankers of refined products to Mali and is on the ve…
Mr Alan Kyerematen, the Minister of Trade and Industry has commended Mr Ibrahim Mahama, the Founder of Dzata Cement Limited, for investing heavily in the cement industry.
The over 100 million-dollar investment is located on a 10-acre la…
Vice President Dr Mahamudu Bawumia says due to the strong linkages of the economies of the West African countries, it is imperative to build synergies in common areas of clear comparative advantage towards achieving strategic food security…
Cocoa Abrabopa Association (CAA), Mars Wrigley, Sucden and ASCOT Amsterdam and the International Cocoa Initiative (ICI) are collaborating on setting up an Integrated and Supportive Child Labour Monitoring and Remediation System (CLMRS) in …
America's second largest burger chain is returning to the UK after 20 years with a promise to steal market share from rivals McDonald's and Burger King.
Wendy's, famous for square burgers, plans up to 400 outlets nationwide creating at …
The Public Utilities Regulatory Commission (PURC) says it has concluded preliminary investigations into the recent power outages.
To this end, PURC plans to ascertain the liabilities incurred by consumers due to the power cuts and possi…
Allianz has completed an acquisition of 66 percent stake in Jubilee Holdings Limited (JHL), East Africa’s largest insurance group.
The announcement means that JHL retains a 46 percent shareholding in the company.
The acquisition foll…
Mr Kojo Oppong-Nkrumah, the Minister of Information, has urged the media to dedicate attention to promote local communities and the investment opportunities there to attract investors.
"There are many communities with a lot of potential…
The National Development Bank is set to commence operations by the end of July 2021.
This is according to the Finance Minister, Ken Ofori-Atta.
According to him, government has now been able to raise the required seed capital of over…
Market Summary
The GSE Composite Index climbed 134.31 points (+5.24%) higher to close at 2,695.76 with a year-to-date return of 38.84% while the market capitalization increased by 2.26% to close at GH¢62.21 billion.
GCB Bank (+4.21%)…
The Association of Oil Marketing Companies is urging the Ghana Revenue Authority to ensure that the new taxes introduced in the country are charged on every litre of fuel sold on the market.
The association also wants the GRA to put in …
Goldstar Air, Ghanaian owned private airline, has announced that it is due to commence the Goldstar City Project in Tamale, the Northern Regional Capital.
Mr Eric Bannerman, the Executive Chairman of the airline company, said the projec…
The government has identified the automotive industry as a vital pillar to transform the economy from one reliant on raw material exports to one driven by value added exports, the Minister of Trade and Industry, Mr Alan Kyerematen, has sai…
The Minister of Finance, Ken Ofori-Atta, has estimated that it will cost government US$10 billion to fix all dilapidated roads in Ghana.
The Minister said this when responding to a question from the media on Sunday, during the Minister'…
Government is fast tracking the implementation of the US$200million Jobs and Skills Programme to enhance job creation significantly.
The intervention is designed to facilitate new and expanded private sector businesses to employ many mo…
A former Technical Advisor at the Finance Ministry, Dr Sam Mensah has called for some drastic expenditure cuts and prudent use of public expenditure to deal with Ghana’s rising public debt stock.
Speaking on PM Express Business Edition …
The Ghana Trades Union Congress (G TUC) Greater Accra Chapter, has rewarded 21 workers for their sacrifices at the 2021 Regional May Day ceremony for their "exceptional duties and sacrifices they made to the Nation".
They Mr. Steven Nim…
The approval of the Pan African Quality Policy will improve product standards for the implementation of the African Continental Free Trade Agreement (AfCFTA), Dr Hermogene Nsengimana, the Secretary-General and President of African Organisa…
A banking consultant, Nana Otuo Acheampong is confident that the recent rise in the percentage of non-performing loans in the banking industry will be a temporary phenomenon.
According to the Banking Sector Development report for March …
The shareholders of Ghana Life Insurance Company Limited have injected new capital into the company to improve its financial position.
The injection of $2.25 million into the company brings the minimum capital of the company to GHC27.9 …
Ghanaian real estate company, Goldkey Properties has handed over the Cannon House, which is the Cantonments City, to global accounting and business consulting firm, Ernst & Young Advisory Services Limited.
Cantonments City is a mixed-us…
FanMilk Plc, the leading producer of nutritious and refreshing milk-based and dairy-based food products, has today launched NutriDay zinc fortified yoghurt, for whole family consumption.
NutriDay becomes Ghana’s innovative fortified yo…
A global icon, Mr Akyaaba Addai-Sebo, has urged the government to strive to create an enabling environment to attract Ghanaians living abroad and the African diaspora to invest their resources in the country.
According to the founder of…
The Director of Crop Services at the Ministry of Food and Agriculture (MoFA), Mr Seth Osei Akoto, has urged farmers in the northern part of the country especially, the Upper East and Upper West regions to embrace the cultivation of cashew.…
The Ghana Union of Traders Associations says as the government commences implementation of the new taxes introduced in the 2021 budget, efforts should be made to ensure the citizenry get value for money.
The government as part of effort…
GOIL Company Limited steps into the production of bitumen, a venture Mr Kwame Osei Prempeh, GOIL Managing Director, described as strategy to widen its portfolio and consolidate gains already made in the fuel business.
GOIL with over 400…
On-line workshop delivers roadmap for Ecosystem Approach to deliver affordable, accessible LPG to all customers.
The African Refiners & Distributors Association (ARDA) workshop was highlighted by active support from major international …
China's exports unexpectedly surged last month as America's speedy recovery from the pandemic spurred demand.
Stalled factory production in India, as the country struggles with a coronavirus crisis, also helped boost the global market f…
Vice President Dr. Mahamudu Bawumia says the remarkable track record of the Akufo-Addo-led Government in fixing problems gives hope that it is capable of tackling the economic challenges brought by the COVID-19 pandemic.
Ghanaians in re…
Banks suffered a modest growth in profit this year as a consequent for sacrificing lending for investments.
Although a strategy to help shield their loan books against COVID-19-induced risks, shifting from lending to investments constra…
The Senior Presidential Advisor, Mr Yaw Osafo Maafo has paid a working visit to the plant of Dzata Cement Limited in Tema.
The visit was to enable him have first hand information on the cement producing plant, located on a 10-acre land …
Market Summary
Guinness Ghana (+9.32%) and MTN Ghana (+0.80%) moved the benchmark index up by 14.97 points (+0.55%) to close the session at 2,719.24 with a year-to-date return of 40.05% while the market capitalization edged up by 0.25% to…
Stakeholders in the construction sector have expressed concern about Ghanaian labourers ultimately losing jobs in the thriving sector to their counterparts from other parts of the sub-region.
According to them the poor level of training…
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