Businesses have called for more clarity on the easing of Covid lockdown restrictions.
It comes after the first minister set out her plans on Tuesday for the country and businesses to reopen between now and April.
However, it will be …
Fast fashion chain Primark hopes to offload millions of pounds worth of last year's clothing stock when its shops reopen in England on 12 April.
The High Street giant does not offer online sales and says it expects to have lost £1.1bn i…
The Ghana Anti-Corruption Coalition (GACC) has charged public institutions to make full disclosure of their procurement data to the public.
"Making procurement data available will enable Civil Society Organisations, the media and the ge…
Some vegetable farmers in the Lambussie District of the Upper West Region have appealed to government and other development partners to support them with subsidized farm inputs to sustain their businesses.They said the impact of COVID-19 a…
Dr Kingsley Nyarko, Member of Parliament for Kwadaso says the government is committed to ensuring the successful completion of the Sofoline-Abuakwa road to ease the perennial traffic congestion on that stretch.
He has therefore asked th…
The Frontier Healthcare Services (FHS), the company awarded the contract to undertake COVID-19 Antigen Test at the Kotoka International Airport (KIA) pays $10 per passenger to the Ghana Airport Company Limited (GACL), as rent royalty for o…
The African Trade Policy Centre (ATPC) of the Economic Commission for Africa (ECA) on Wednesday outlined plans to school French and Arabic-speaking journalists on the African Continental Free Trade Area (AfCFTA).
The AfCFTA headquarters…
Senior Economic Analyst with Databank, Courage Kingsley Martey, is confident the cedi will sustain its stability throughout the year 2021.
The cedi, which began the year selling at 5 cedis 76 pesewas, has remained strong so far against …
IFC, a member of the World Bank Group, invested in Thursday's bond issued by a subsidiary of Liquid Telecommunications Holdings Ltd., which will allow the telecoms and technology solutions company to expand access to broadband Internet and…
DHL Global Forwarding Partners with Longhorn Vaccines & Diagnostics to Assure Safety and Efficacy of Lab Testing in Africa and Asia
DHL (DHL.com) has transported nearly 26,000 Covid -19 testing vials for Longhorn, who is donating one …
The Investment Committee of the African Energy Chamber (the Chamber) met for the second time since their appointment mid-last year, to set an agenda that will facilitate capital raising for energy projects in Africa. The committee acknowle…
Market Summary
The GSE Composite Index recorded no gains or losses, closing at 2,177.43 with a year-to-date return of 12.15% while the market capitalization stayed at GH¢56.91 billion.
The GSE Financial Index was unchanged, closing at…
UBA Ghana, a Pan-African financial institution, has reiterated its commitment to provide fast, secure, reliable and convenient remittance services across all 20 operating countries with its intra-African money transfer service, Africash.
…
Angolan lawmakers last week approved the revision of current legislation, allowing for oil and gas pre-exploration studies to be carried out in some areas previously designated as natural reserves. The government however stressed, that thi…
US President Joe Biden has ordered officials to find ways to bolster supply chains as a shortage of computer chips hits carmakers around the world.
It comes after the pandemic has strained many producers and forced the US to scramble fo…
The COVID-19 pandemic is creating new challenges to women’s economic security, health, and safety as around the world women continue to face laws and relations that restrict their economic opportunity, a new World Bank report has revealed.…
Oatly, the plant-based milk company started in Sweden, is planning a stock exchange listing in the United States.
The move comes as the firm has been pushing to expand, amid the booming popularity of alternative milks.
Last year, it …
Tesla boss Elon Musk has lost his title as the world's richest person after a recent slide in the electric carmaker's shares, the main driver of his wealth.
Tesla shares have tumbled more than 20% since hitting a high of more than $880 …
The Effia Kwesiminstin Municipal Assembly (EKMA) has expressed its readiness and commitment to assist investors ready to invest in the One District One Factory (1D1F) Initiative in the Municipality.
The Municipal Public Relations Offic…
Car Washing Bay Operators in Tema on Tuesday said increment in water tariffs is gradually grinding the business to ground zero, "we are charge commercial rate but due to economic constraints we cannot transfer total cost to customers".
…
Chairman of the Appointments Committee of Parliament Joseph Osei Owusu, on Tuesday suggested to Mr Joseph Cudjoe, Public Enterprises Minister designate, to focus on entities set up as businesses with state interest.
Mr Cudjoe, MP for …
The Ghana Institution of Surveyors (GhIS) says it needs the 'Survey Council Bill' to be passed into law to regulate activities of members and non-members and protect the surveying business and its integrity.
Dr. John Amaglo, President o…
Jellyfish, the digital marketing partner to the world's leading brands (i.e., Samsung, Uber, Nestle, Deckers, Spotify, and eBay), announced today the acquisition of 5 companies—each a known leader in the digital space. Jellyfish’s rapid ex…
African Alliance Securities Ghana Limited is pleased to announce a change in the company’s name to Amber Securities Limited. The name change will be officially effective from 1 March 2021.
Our office address and telephone numbers remain…
AngloGold Ashanti is pleased to provide its financial and operational update for the six-months and year ended 31 December 2020.
• Added Ore Reserve of 6.1Moz on a gross basis, 2.6Moz on a net basis, for a net increase of 10% year-on-ye…
Apple has acquired about 100 companies over the last six years, the company’s chief executive Tim Cook has revealed.
That works out at a company every three to four weeks, he told Apple’s annual meeting of shareholders on Tuesday.
Ap…
The Securities and Exchange Commission (SEC) says Wiseling Online Investment Company, a Finnish-based company operating in Ghana, has not been licensed by it to carry out any Capital Market activity.
This Capital Market activity includi…
The MTN Group and Mastercard has announced a strategic partnership to enable consumers in 16 countries across Africa to make global e-commerce payments safely and securely.
“Through a Mastercard virtual payment solution linked to MTN Mo…
Mr Isaac Charles Acquah, Vice President of the Chartered Global Investment Analysts Institute (CGIA) Network Ghana, has urged business owners in the Western Region to open up to the global community by getting their businesses registered o…
Agriculture is the leading sector that benefited from the $48 million invested in the last 16 years by the Business Sector Advocacy Challenge Fund (BUSAC Fund).
Of the total amount invested, 45 per cent went to agriculture while service…
The International Air Transport Association (IATA) says it expects its digital Covid Travel Pass will be ready "within weeks".
The pass is an app that verifies a passenger has had the Covid-19 tests or vaccines required to enter a count…
A business executive and statesman, Sir Sam E. Jonah, has called for deliberate policies and state intervention to increase indigenous ownership of the economy.
He said there was the need for a national strategy on economic empowerment …
An integrated programme to protect the biodiversity of mangroves and other fragile ecosystems in West Africa to enhance their resilience to climate change in nine West African countries is being implemented.
The four-year project (2019-…
More than 300,000 micro, small and medium enterprises (MSMEs) have accessed the special fund set up by the government to cushion businesses against the impact of COVID-19.
Data from the National Board for Small Scale Industries (NBSSI) …
The Multi-Stakeholder Group of Infrastructure Transparency Initiative, Sekondi-Takoradi Local Chapter, has paid a working visit to two project sites to ascertain progress of work.
The projects are the cassava processing factory at Borko…
Ghana Interbank Payment and Settlement Systems (GhIPSS), a subsidiary of the Bank of Ghana, and partner institutions have embarked on public education to create awareness and to drive patronage of Ghana's Universal Quick Response code for…
The International Bamboo and Rattan Organisation (INBAR) has opened a Bamboo Common Production Training Centre (CPTC) at Obogu in the Asante-Akim South District, to provide technical/ capacity building support for the artisans.
The CPTC…
The coronavirus pandemic has introduced several risks to the banking sector threatening the growth of the industry, the Governor of the Bank of Ghana (BoG), Dr Ernest Addison has said.
He said cyber, credit, and operational risks were n…
A majority of businesses surveyed for a study by the Economist Intelligence Unit (EIU) and the Cybersecurity Tech Accord released today, see state-led and sponsored cyberattacks as a major threat. They are concerned about catastrophic repu…
MACROECONOMIC INDICATORS
Q3, 2020 GDP Growth -1.1%
Average GDP Growth for 2020 0.2%
2020 Projected GDP Growth 0.9%
BoG Policy Rate 14.50%
Weekly Interbank Interest Rate 13.57%
Inflation for Jan, 2021 9.9%
End Period Inflation Targe…
At a time when the world could use a little more fizz, Pepsi® delivers in a highly entertaining new campaign that will cut across cultural playgrounds with the uncontainable fizz of the brand. From thumb-stopping social content to its lat…
The African Trade Policy Centre (ATPC), a unit of the Economic Commission for Africa (ECA), in collaboration with Business Unity South Africa (BUSA), will host a conference on leveraging the African Continental Free Trade Area (AfCFTA) to …
Market Summary
The GSE Composite Index opened the week flat at 2,177.43 with a year-to-date return of 12.15% while the market capitalization was unchanged at GH¢56.91 billion.
The GSE Financial Index recorded no gains or losses, closi…
The unemployment rate has risen to its highest level in almost five years, with younger workers bearing the brunt of the job losses, official figures show.
The UK's jobless rate rose to 5.1% in the three months to December, with the num…
Mr Sugandh Rajaram, the Indian High Commissioner, has expressed his country’s readiness to support Ghana in developing its rural economies.
He said India had successfully advanced its rural areas by promoting agriculture, computer techn…
A former stock trader with UBS Investment Bank, Mr Kweku Adoboli, is to share his expertise on ways to stimulate growth in the local mortgage market at a two-day pension conference scheduled for February 23-24, 2021.
The UK-trained inve…
The Labour Division of the Accra High Court has dismissed a legal action by the Ghana Community Network Services Limited (GCNet) asking the court to set aside an arbitration award in favour of some 150 redundant staff of the company.
Th…
Tata International Africa introduces a ground-breaking five-year warranty on its entire commercial vehicle range across the continent
Tata International Africa has become the first company in Africa to introduce a best-in-class standa…
The Ghana Tourism Authority has reiterated its commitment to boosting local tourism in the country.
The tourism sector took a major hit with the outbreak of the pandemic losing millions of dollars.
Speaking to Citi Business News, Act…
The Social Security and National Insurance Trust, SSNIT, is set to launch an app to help improve its service delivery.
SSNIT says the app will render a number of services including, a request for SSNIT clearance, and payment of monthly …
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