The African Airlines Association has released a new analysis of the impact of COVID 19 on the airline industry in Africa which reveals an estimated revenue loss of USD 8.103 billion for African airlines for the year 2020.The impact assessm…
Newmont Corporation (NYSE: NEM, TSX: NGT) (Newmont or The Company) today announced the publication of its 2019 Sustainability Report, Beyond the Mine, a transparent and comprehensive disclosure of the Company’s environmental, social and go…
Understanding Asset Classes and Investment Risk (Part 1).
Recent developments in Ghana’s investment sector has heightened the need for investors to understand the basics of asset classes and risk associated with each asset class. Th…
Air passengers should have restricted access to toilets on flights as part of wide-ranging coronavirus safety recommendations, a UN agency has said.
The International Civil Aviation Organization (ICAO) guidelines also include limiting o…
The drag on the US economy from the virus pandemic will last almost a decade, according to projections by the Congressional Budget Office (CBO).
It forecasts the outbreak will cut US economic output by 3% between this year and 2030, a l…
Over 300,000 people enter the job market in Ghana every year, looking for jobs that often do not exist.
When you spread this number to the continent, we are talking about over 4.5 million every year looking for jobs.
Juxtaposing that…
Mr Kwadwo Banahene Bediako, District Chief Executive for Sekyere Central has advised people who will have access to the COVID-19 alleviation fund to use it for its intended purposes.
He said the fund, which had been established by…
The Management of Toyota Ghana Limited has launched the 12th generation of the new Toyota Corolla vehicle, which comes with two variants, 1.
8 litre and 1.6 litre engine in Accra.
It also unveiled the New Toyota Agya with 1.0 l…
The business community in the Western Region has commended the Government for implementing measures targeted at stimulating economic growth in the wake of the COVID-19 pandemic.
Among the key measures are the establishment of a CO…
Access Bank Ghana has held its 12th Annual General Meeting via a virtual platform for its shareholders, in keeping with regulations for listed companies on the Ghana Stock Exchange (GSE) amidst the restrictions on public gathering due to C…
The Transformation Leadership Panel(TLP), an initiative of the African Center for Economic Transformation (ACET) has called for a transparent process in the financial resources directed toward pandemic recovery.
The Panel said there was…
The Bank of Ghana (BoG) has announced some measures to boost liquidity to the special deposit institutions (SDI) in the country.
This is to enable the institutions to support their customers and ensure that businesses do not lose access…
Stock Market Highlights
•The benchmark index declined by 3.53% this week due to losses in five counters in the beverage, petroleum marketing, telecom and agro processing sectors to close at 1,941.03 with a -14.01% year-to-date return. M…
Covid-19: A historical opportunity for the transformation and diversification of CEMAC economies (By Leoncio Amada NZE, President for the CEMAC Region at the African Energy Chamber and CEO of APEX Industries)
The CEMAC region is made up…
Allianz Global Corporate & Specialty (AGCS) Africa [1] has announced three appointments in its Property line of business. Effective July 1 2020, Ronald Dodo-Tabaziva [2] will be joining AGCS Africa as a Lead Property Underwriter. He is a F…
* Announcement comes following R&D collaboration with manufacturer, Perstorp
* Butyric acid product complements Evonik’s gut health portfolio
* Companies hosting webinar on gut health performance to help support product us…
Banks from the region shared some case studies on digitisation in banking services in the region
Bankers from Sub Saharan Africa and China who attended the Huawei Sub-Saharan Africa Financial Services Industry Online Summit 2020 agree t…
More than 200 top UK firms and investors are calling on the government to deliver a Covid-19 recovery plan that prioritises the environment.
They say efforts to repair the economy should support the government's commitment to tackle the…
The US and the African Development Bank have fallen out over allegations of corruption against the bank's Nigerian head, writes former BBC Africa Business editor Larry Madowo.
Akinwumi Adesina is a sharp dresser known for his expensive …
Effective Monday June 1, 2020, all transactions related to the import and export of goods at the various ports will be conducted through the one-stop service for all customs clearance procedures, dubbed Integrated Customs Management System…
Renault acknowledged that its global ambitions had been unrealistic, announcing plans to cut about 15,000 jobs, shrink production and restructure French plants as it pressed the reset button and sought to banish the spectre of Carlos Ghosn…
Applicants of the Coronavirus Alleviation Programme (CAP) business support have been asked to be cautious of persons who offer to register them on the scheme at a fee.
The National Board for Small Scale Industries (NBSSI), the fund ma…
The Alliance for Green Revolution in Africa, AGRA is calling on Governments in Africa, the development community, and the private sector, to urgently deploy resources to assist women access resources necessary to conduct agricultural activ…
Gold output from the large-scale mining sector increased six percent to 2.989 million ounces in 2019 from 2.
807 million ounces in 2018, according to the annual report of the Ghana Chamber of Mines.
During the period, small-sca…
The dramatic fall in oil prices may be bad news for the industry - but is providing a brief windfall for households fuelled by heating oil.
The UK's oil and gas industry is warning 30,000 jobs could be lost as a result of the coronaviru…
The Minister of Tourism and Culture, Madam Barbara Oteng Gyasi has disclosed that receipts accruing from “The Year Of Return” initiative hit $3,312 billion. She said by the end of 2019, international arrivals reached 1,13million, from 956,…
The Minister of Finance, Ken Ofori Atta has informed Parliament that government has borrowed 10 billion cedis from the Bank of Ghana (BoG) to help deal with the impact of the COVID-19 pandemic.
Section 30 of the Bank of Ghana Act, 2002,…
The board of the African Development Bank (AfDB) says it has not asked the president of Africa’s largest multilateral lender, Akinwumi Adesina, to step down.
It said it was treating allegations levelled against Mr Adesina with the serio…
The coronavirus disease 2019 (COVID-19) has changed the course of life for everyone across the globe.
It has effected all segments of the economy including the power sector of every nation on earth.
Yet in Ghana, the provision…
Mary Kay Inc., a leader in skin care innovation for more than 56 years, continued its ongoing support of the beauty and scientific communities by presenting findings during the 2020 Skin of Color Society Symposium Virtual Program.
Dr. …
The African Energy Chamber and Africa Oil & Power hosted a webinar focusing on renewable energy development in the short and long term
COVID-19 has intensified the debate on the global renewable energy transition; the African Energy Cha…
Institutional investor survey shows asset owners increasingly embrace sustainable investing, with 80% already integrating ESG factors into their investment process, up from 70% in 2017
Despite rapid momentum and widespread adoption, m…
Renault is cutting 15,000 jobs worldwide as part of a €2bn (£1.8bn) cost-cutting plan after seeing sales plunge because of the virus pandemic.
"This plan is essential," said interim boss Clotilde Delbos, who announced cuts in production…
(GB) To what extent has COVID-19 affected the banking sector in general?
JO: COVID-19 has presented us with an opportunity to review the way that we think about banking in the traditional sense and in so doing, it has accelerated certai…
The Bank of Ghana has released an amount of GH¢5.5 billion as first tranche of the GH¢10 billion of the COVID-19 Relief Bond, Finance Minister Ken Ofori-Atta announced in Parliament in Accra on Thursday.
In a memo to the House, th…
Banks in the country have so far granted repayment holidays of about GH¢1.6 billion loans to their customers who are indebted to them, the President of the Ghana Association of Bankers (GAB), Mr Alhassan Andani, has said.
He explained t…
The Transport Minister has tasked the Effutu Municipal Assembly to partner the contractor of the Winneba Landing Beach Project to identify structures to be affected by the project for evaluation and compensation.
Mr Daniel Nii Kwartei T…
A farmer and agricultural entrepreneur has stressed the need for parties elected to form government in the country to appoint people with the right knowledge and insight to head the agricultural ministry.
Mr Gideon Seidu, the Chief Exe…
A business development consultant has stressed the need for business and trade associations to build their capacities and strengthen themselves to support their members in this COVID-19 era.
Mr Nyaaba Aweeba Azongo, says the impact of t…
The Ghana Community Network Service Limited (GCNet) says it is preparing to shut down its system at the Tema Port on Monday June 1, 2020.
A source at the company who confirmed this to the Ghanaian Times said the move was to give way for…
Ghana Tech Lab (GTL) in partnership with GIZ's AI and technology entrepreneurship initiatives and IBM have launched the Africa AI Accelerator Program 2020 to support the scaling of the next generation of Africa's AI start-ups.
The initi…
The Transformation Leadership Panel (TLP), an initiative of the Africa Center for Economic Transformation (ACET), will meet on May 27 to review COVID-19 interventions in Africa.
The Panelists would be sharing lessons from their own inst…
In the Global Startup Rankings of 2020, Ghana has decreased by 10 and now ranks 85th. On the cities rankings, Ghana’s capital, Accra, also saw a decline this year dropping 107 positions.
Regionally in Africa, Ghana ranks 8, and Accra r…
When completed, it will deliver best in class facility uptime and operational performance at very efficient shared services cost for hosting and operating core IT infrastructure and services
Consistent with the announcement of its plann…
Nissan Motor Co., Ltd. today unveiled a four-year plan to achieve sustainable growth, financial stability, and profitability by the end of fiscal-year 2023. The scalable plan, involving cost-rationalization and business optimization, w…
The benchmark index shed 24.31 points (-1.22%) due to downward price movements in three counters, Fan Milk (-0.29%), MTN Ghana (-3.33%) and Benso Oil (-5.66%) to close at 1,975.81 with a -12.46% year-to-date return. The market capitaliza…
CSG® (NASDAQ: CSGS) announced it has been selected by Mobile Telecommunications Ltd (MTC), Namibia’s leading mobile operator, to lead their business transformation efforts.
As one of MTC’s transformation business partners, CSG will del…
UNCTAD and the five UN regional commissions join forces to help developing countries tackle trade and transport challenges from the coronavirus pandemic.
UNCTAD/JAN HOFFMANN
A new joint UN project is seeking to help governments and…
Leading African Government Affairs firm, ETHICORE is proud to announce the formation of Africa Government Affairs Xchange (Africa GX: www.africagx.com). This coincides with Africa Month and Africa Day (25 May 2020), commemorating the found…
Customers Can Now Send International Money Transfers to 200 Countries and Territories via the Mama Money Mobile App
Western Union (bit.ly/2U1IrTh), a leader in cross-border, cross-currency money movement and payments, and Mama Money (Ma…
info@businessghana.com
