Market Performance
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Market Summary
The benchmark index was upbeat this week, advancing by 24.13 points (+1.13%) to…
Continent is home to some of the world’s fastest growing fintech hubs
Supportive business ecosystems having an effect – South Africa has five fintech cities in the index
Four African cities are in the top 100 fintech hubs globally
…
Finland's pledge consists of a grant element and a concessional loan to be presented next year
Finland will contribute EUR 68.4 million to the replenishment of the African Development Fund (AfDF), which is the concessional window of the…
African Development Bank President wins All Africa Business Leaders Awards ™ 2019 African of the Year award
To follow in the footsteps of my big brother President Paul Kagame of Rwanda, who won the award in 2018, is an honour beyond …
As the brand’s new flagship, Costa Smeralda becomes its first vessel to use liquefied natural gas, an industry innovation that significantly reduces environmental impact. The first cruise will depart from Savona on December 21, 2019.
Co…
New Jaguar F-TYPE R gains 423kW supercharged V8 for 0-100km/h in just 3.7 seconds and an uprated chassis with new springs, dampers, anti-roll bars, electric power-assisted steering calibration and new wheels and tyres
Carbon Ceramic M…
China's exports fell in November as shipments to the US slowed sharply, adding to concerns about the effects of the two nations' trade war.
November exports from the world's second largest economy fell 1.1% from a year earlier, the four…
A leading Ghanaian law firm, Nobisfields has joined WTS Global effective November 1, 2019.
Nobisfields will now be called WTS Nobisfields.
WTS is an international consulting group with tax, legal and consulting business to multinatio…
The 2019 National Best Farmer, Mr Charles Gyamfi, says he will invest his entire prize money to expand his farm.
He said his priority would be to inject a chunk of the money into irrigation infrastructure and the training of more agri…
While more than half of consumers use apps to help them manage their finances, new research suggests that most don’t understand how much of their financial data is being collected and how it’s being used.
Given the rise of apps to help …
President Donald Trump's approach to international trade is driven to a large extent by his belief that the United States is being unfairly treated by other countries.
His main supporting evidence is the trade deficit - the US buys more…
Members of various trade associations in the Adansi North and Adansi-Asokwa Districts, have agreed to honour their tax obligations promptly.
The move would enable their respective Assemblies to generate enough revenue to accelerate the …
Mr. Jeffery Konadu- Addo, the Board Chairman of Afram Community Bank has hinted that the bank would soon open branches in commercial areas to generate more income.
Speaking during the 36th Annual General meeting for stakeholders at Teas…
Japan’s cabinet approved a $122 billion fiscal package on Thursday to support stalling growth in the world’s third-largest economy amid offshore risks and as policymakers look to sustain activity beyond the 2020 Tokyo Olympics.
The 13.2…
The Lands Commission is to be fully digitized as part of a comprehensive process to reform its operations in the areas of land and property valuation, property rate collection and compensation payment.
Mr. Kwaku Asoma-Cheremeh, Minister…
Mr Bright Wireko-Brobby, the Deputy Minister of Employment and Labour Relations, has called on informal sector players to put in place measures to address the huge decent work deficit to boost patronage of their services.
He said the po…
British Steel's French factory has been advertised for sale separately from the UK operation, despite a Chinese firm's deal to rescue the whole company.
Last month, China's Jingye agreed to buy British Steel, paying about £50m to take o…
The Social Security and National Insurance Trust (SSNIT), has given the assurance that it will pursue client-friendly and open-door policies for the benefit of the Ghanaian worker and public in general. "Our policies are always informed …
Here are four funding news of the week:
1. Ola gets a hand from Sachin Bansal. The ride-hailing platform has raised $92-million funding from Flipkart co-founder as a part of its larger $2 billion fundraise.
2. International Trave…
The government under the National Entrepreneurship and Innovation Programme (NEIP) Presidential Business Support Programme Window two has begun disbursing funds to 3,000 small businesses and start-ups to help expand their operations.
Th…
A special committee has been inaugurated to promote trade and investment and enhance the business relationship between Ghana and Japan.
The committee is made up of high-level Ghanaian government representatives drawn from the ministri…
Meat and vegetable oils lead Food and Agriculture Organization (FAO) Food Price Index upwards, while cereal prices dip amid record output even as weather weighs in Africa
World food prices rose significantly in November, reaching their …
African Energy Chamber Endorses Energy Ops-Security Agora as Key Platform to Discuss the Physical Security of Africa’s Oil & Energy Sector
The African Energy Chamber highlighted security issues as a major challenge facing the industry i…
Global trade union federation Public Services International (PSI) indicated its support for the new Global Reporting Initiative (GRI) tax standard launched today and called on businesses to implement it.
The tax transparency standard wa…
Makro’s Customers Now Engage and Experience Instant Customer Care by Connecting with the Retailer Directly on WhatsApp
Impressive features available in Makro’s chat offering include tracking orders, viewing current catalogues, accessing…
Young African entrepreneurs urged to make their voices heard in business policy-making across the continent and called on governments to implement friendlier tax policies, improve access to finance and boost support for youth-led bus…
OPEC and its allies are once again being forced to consider dramatic action to avert a crash in oil prices.
The Saudi Arabia-led cartel and Russia (collectively called "OPEC+") are widely expected to announce in Vienna on Friday an agre…
The Ghana Ports and Harbours Authority (GPHA) has directed the Meridian Port Services (MPS) Limited to cease charging upfront before unstuffing cargo containers at the Terminal Three of the Tema Port.
The authority observed that consign…
Mrs Patricia Obo-Nai, the Chief Executive Officer (CEO) of Vodafone Ghana, has been adjudged the best CEO in telecoms at the "Industry CEO Awards" ceremony held in Accra.
The event, which was based on 100 per cent public votes through S…
Vodafone Ghana through its "Vodafone Cash" payment system has given customers the opportunity to purchase items from over 100 selected retailers at discounted prices.
The purchasing made at a "pre-Xmas" bazaar held at the forecourt of V…
There has been a lot of press coverage about 5G launches in the US and South Korea however, Nokia is also part of the largest 5G launch in the Middle East and Africa that is really focused on delivering broad socio-economic benefits to all…
Bullish sentiments continued as Access Bank (+1.85%) advanced to help the stock market extend its winning streak to three sessions.
The GSE Composite Index rose 0.85 points (+0.04%) to close today’s session at 2,144.62 with a -16.62% …
IFC, a member of the World Bank Group, and the Private Sector Window of the Global Agriculture and Food Security Program (GAFSP), today announced an $11 million loan to Ugandan agribusiness company Grainpulse to support its expansion and s…
Sterling has jumped after opinion polls suggested the UK would avoid a hung parliament after next week's election.
The pound reached a seven month high against the dollar and its highest level against the euro since May 2017.
The move …
The range of risks facing company executives or directors and officers (D&Os) – as well as the resultant insurance claims scenarios – has increased significantly in recent years. With corporate management under the spotlight like never bef…
The Ministry of Transport has ordered a reduction in port charges following growing anger this week in the port community.
This is following the commencement of the implementation of the new tariff regime by the Meridian Port Services …
OPEC is gearing up to deepen production cuts later this week but still needs to agree with allies such as Russia over details of a deal to support oil prices and head off a looming oil glut next year.
The Organization of the Petroleum E…
The German Trade Show Specialist Fairtrade Messe has held a briefing for exhibitors ahead of the sixth West Africa International Trade Show on Agriculture, Food Processing, Plastics, Printing and Packaging in Accra.
The two-day exhibiti…
Ecom Ghana Ltd, an international agro-business company, has, at a ceremony held in Kumasi, awarded 43 of its franchise holders.
The awardees, who were from Agroecom Ghana Ltd and Unicom commodities, two auxiliary institutions of the E…
The National Communications Authority (NCA) has directed telecom giant, MTN Ghana to compensate all of its customers who were affected by a technical challenge encountered by the company earlier this week.
The Authority said MTN must al…
Mr Kwaku Asomah-Cheremeh, the Minister for Lands and Natural Resources, has commended the immense contribution of mining companies to the growth and development of the country.
He said the mining industry is one of the key drivers of th…
Mr Adu Sarkodie, First Vice President, Ghana Employers Association (GEA), has appealed to government to take steps to bring down the high cost of borrowing from banks in the country.
He said currently Ghana's lending rate was among the …
MTN apologizes to its valued customers for inconveniences caused by recent adjustments in its tariffs.
The company yesterday also announced a 100% bonus for all customers impacted by the recent issues. The announcement was made during a…
US President Donald Trump has set off a new bout of trade worries, firing tariff threats and hinting that a China deal may not happen for another year.
Speaking at a Nato summit on Tuesday, Mr Trump said he had "no deadline" for strikin…
The Chief Executive Officer of the Ghana Cocoa Board (COCOBOD), Mr Joseph Boahen Aidoo, has advised cocoa farmers to guard their cocoa farms jealously and resist the temptation to release those lands out for illegal mining activities, po…
The government, between 2017 and May 2019, spent GH¢373.9 million as premix fuel subsidy to cushion fishermen across the country, the Minister of Energy, Mr John-Peter Amewu, has disclosed.
He explained that GH¢137.5 million was spent…
The goal is to scale up the program to 130 centers of excellence across the continent over a 10-year period
The African Development Bank (AfDB.org) and technology firm Microsoft (bit.ly/2LiaqcU) today launched the ‘Coding for Employment…
The benchmark index held onto a gain in Access Bank (+11.11%) to advance by 4.57 points (+0.21%), closing at 2,143.77 with a year-to-date return of -16.66% while market capitalization increased by 0.08% to settle at GH¢55.62 billion.
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President Nana Addo Dankwa Akufo-Addo has cautioned Ghanaian traders against taking the law into their hands under the guise of enforcing laws governing retail trade.
He advised the traders, led by the leadership of the Ghana Union of T…
Last week, the African Energy Chamber (AEC) launched its first annual African Energy Outlook for 2020
Africa’s energy sector is a catalyst for growth and development across the continent. Industry and investors need to stay abreast of t…
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