The banking sector performance improved at the end of March 2020, but there are emerging signs that the impact of the COVID-19 pandemic is beginning to weigh on the industry’s performance adversely, the latest Bank of Ghana report has reve…
Justice Kofi Akrowia, the Supervising High Court Judge in Kumasi, has charged small scale miners to be responsible in their activities to help save the environment.
He said small scale mining contributed significantly to national develo…
Total revenue and grants for the first quarter of 2020 fell short by GH¢3.59 billion, latest data by the Bank of Ghana has indicated.
During the period under review, total revenue and grants amounted to GH¢10.35 billion, which is lower …
The Dean of the Business School at the University of Cape Coast (UCC), Prof. John Gatsi, has called on the government to invest in ICT tools and machinery to help avert the disruptions in public work.
He made this call at the e-seminar …
An ultra-modern office complex for the Business Advisory Resource Centre designed to offer entrepreneurial skills training to the youth in the area to be self-employed has been inaugurated at Damongo in the West Gonja Municipality.
The …
The COVID-19 pandemic has affected the world in a way which has not been seen before and the world is changing at a very fast rate as a result of the pandemic.
This requires that businesses and individuals change their way of doing bu…
The Reverend Kennedy Okosun, the Chief Executive Officer of Krif Ghana Limited has commended Rural Banks which have consistently featured in the Ghana’s Club 100 list in the last five years.
The banks are; Fiaseman Rural Bank, Atwima Mp…
Uber launches its largest region-wide initiative in partnership with Mastercard to provide 120,000 free trips to frontline workers in MEA, including Ghana.
The partnership with Mastercard is setting the benchmark for Uber across the ME…
MACROECONOMIC INDICATORS
2020 GDP 4.9%
Projected GDP for 2020
BoG Policy Rate – May 2020 14.50%
Weekly Interbank Interest Rate 13.82%
Inflation for May, 2020 11.3%
End Period Inflation Target - 2020 8.0%
Budget Deficit (% GDP) – …
Understanding the Stock Market (PART 2).
The primary functions of the stock market includes providing a fair dealing in securities transactions, efficient pricing of securities, maintaining liquidity and enhancing regulations to prote…
When a crisis of the magnitude of Covid-19 strikes, it is our role as a responsible lender to put forward various immediate and medium-term solutions to proactively combat the downturn it brings. As an African business, we have sought to p…
Dedicates the offering to its founder David Ogilvy on his 109th birth anniversary
Ogilvy Africa today announced the rollout of the region’s first real-time marketing product that offers social intelligence and analytics, community manag…
Price depreciation in two financials, Enterprise Group (-0.69%) and GCB Bank (-1.39%) inched the GSE Composite Index down by 1.44 points (-0.07%) to begin the week at 1,919.85 with a year-to-date return of -14.94% while the market capitali…
Mrs Comfort Owusu, the Executive Director of the Association of Rural Banks Ghana, has called on government to support Rural and Commercial Banks (RCBs) to retrieve locked up funds with the defunct financial institutions whose licenses wer…
Lufthansa (LHAG.DE) shares fell on Monday as the German government held last-ditch talks with the airline group’s biggest shareholder, who is threatening to block a 9 billion euro ($10 billion) bailout unless its terms are adjusted.
T…
In addition to its Lifebuoy educational drive and donations on the COVID-19 pandemic, Unilever Ghana has extended more support to institutions, communities, and organisations through further donation of its products to support nutrition an…
A new debt recovery company has been launched in Accra with a pledge to help companies redeem their debt from clients.
The company, AADIN Debt Recovery Company Limited is a subsidiary of the Aadin Group of Companies.
Performing the l…
A global crunch for U.S. dollars that was a hallmark of the early moments of the coronavirus crisis appears to have passed, the latest milestone in a remarkable turnaround in financial conditions engineered by the Federal Reserve and other…
Rating agency S&P Global has affirmed its 'AAA/A-1+' long- and short-term issuer credit assessment of the African Development Bank (AfDB) with a stable outlook
The rating agency positively assessed the Bank's very strong financial risk …
Orange Business Services Hosts New Webinar Series
WHAT: Orange Business Services is launching a new webinar series to help enterprises navigate the business and technology challenges brought on by the COVID-19 pandemic and beyond. Part…
? Ghana’s economy grew by 4.9 percent in Q1, 2020.
? Yields on short-dated treasury securities rose.
? The GSE extended its bearish run.
? Cedi advanced against the British Pound and the Euro but depreciated against US Dollar.
? Brent…
Coronavirus: New data shows Impact of COVID-19 on Tourism as UNWTO calls for Responsible Restart of the Sector
UNWTO has reiterated its call for governments and international organizations to support tourism, a lifeline for many million…
The benchmark index moderated by 12.43 points (-0.64%) to close at 1,933.65 with a year-to-date return of -14.33% while the market capitalization decreased by 0.24% to settle at 53.47 billion.
Major market sector performances were mixed…
Communique of the Bureau of the Boards of Governors of the African Development Bank Group following its meeting of 4th June 2020 regarding the whistle-blower’s complaint against the President of the Bank
The Bureau also reiterates that …
IDRICA: Africa's leading water experts to participate in the third edition of the Idrica Water Security Series
Four of Africa's leading water experts will participate tomorrow, Tuesday 23rd June 2020, in the third edition of the Water S…
Dangote told the shareholders that the year 2019 was a strong year given the tough business environment across most of its operating geographics
President of Dangote Group (DangoteCement.com), Aliko Dangote has said that despite the cha…
REDAVIA, a global market leader of cost-effective, reliable, and clean solar power for businesses, has signed four new COVID-19 Resilience Leases in Ghana and Kenya, offering these businesses six months of free solar to withstand the COVID…
China FAW Commercial Vehicles, branch of FAW Group Co., a state-owned leading automaker based in northeast China's Jilin Province, is recruiting distributors in 35 countries worldwide.
The target countries include Vietnam, Laos, Malaysi…
• Company to achieve carbon neutrality by 2050
• One million metric tons of plastic to be collected, reused or recycled by 2030
• 100% of Dow products sold into packaging applications to be reusable or recyclable by 2035
• Issued 2019 S…
The benchmark index declined marginally by 7.36 points (-0.38%) this week to close at 1,921.29 with a -14.88% year-to-date return as three consumer products and banking stocks fell on declining rates while the market capitalization decreas…
Company Introduces Online Resource Hubs, Visa Small Business Street Teams, Local Consumer Incentive Programs and Establishes New Visa Economic Empowerment Institute to Rally Recovery
Visa (NYSE: V) today announced a global commitment to…
As African oil and gas countries struggle with Covid-19’s devastating impact on demand, two international groups seem to be celebrating it.
Earlier this month, the Organisation for Economic Co-operation and Development (OECD) and the In…
According to Atlas VPN investigation, the US government is set to allocate $18.78 billion for cybersecurity spending in 2021.
In September 2018, the White House published the National Cyber Strategy, which provides strategic steps towar…
Brightcove Enables BadaBusiness.com to Set Two New Guinness World Records for Largest Online Streaming Event
The two online events broke the Guinness World Record with 18,693 attendees and 95,087 attendees, respectively
Brightcove I…
Banks are being asked to find new ways to finance struggling business customers, taking on more responsibility to ensure they survive.
It's the view of the advisory panel asked to develop a recovery plan for the economy by the Scottish …
An air cargo boom driven by demand for protective gear against the coronavirus has peaked and rates, while still 50% above normal levels, are falling in a worrying trend for airlines relying on freight revenue in the absence of passengers.…
The Management of Ghana Community Network Services Limited (GCNet) says it has handed over all data from year 2002 to May 31, 2020 to the Customs Division of the Ghana Revenue Authority (GRA) in the requisite format.
The management said…
A promise to help bring your possibilities to life
There is a spirit across the continent that is unmatched elsewhere. It is largely unspoken, a feeling and way of thinking that allows us to say with the greatest of confidence that Afri…
The Chief Executive Officer(CEO) of Ghana Cocoa Board(Cocobod), Mr Joseph Boahene Aidoo has hinted of conclusive discussions with President Nana Akufo-Addo to increase the price of Cocoa in the coming months this year.
Currently, the go…
Three large meat factories have closed in England and Wales after about 250 workers tested positive for coronavirus, as the Unite union said it was aware of suspected outbreaks at five other sites across the UK.
A meat processing site o…
Nissan Motor Co on Friday said it will cut more shifts at its three assembly plants in Japan due to falling demand, as the automaker struggles to recover from a drop in sales triggered by the coronavirus pandemic.
Reuters reported the c…
The state is not losing any revenue at the country's entry points as the Integrated Customs Union Management Systems (ICUMS) deployed on June 1, 2020 is working creditably.
Rev. Amishaidai Owusu-Amoah, the commissioner-General Ghana Rev…
Loan is IFC’s first in Africa under its global COVID-19 fast-track financing support package
IFC, a member of the World Bank Group, today announced an investment of up to $100 million in Nigeria’s Zenith Bank Plc to help it increase sup…
* Henning Haagen will assume responsibility for all AGCS regional units outside North America in the AGCS SE Board of Management. Bill Scaldaferri will continue to head AGCS’ North America Regional Group.
* The two current Chief Regions…
General Manager at Liberty Industries, actress Kai MacCarthy has appealed to the government to ease restrictions on drinking bars as the non-opening is adversely affecting the beverage industry.
She said more people could also lose thei…
Colgate-Palmolive is reviewing Chinese toothpaste brand Darlie as firms reassess race stereotypes in products.
The name of the popular Chinese brand translates as "black person toothpaste".
It is owned by Colgate and its joint ventur…
A renowned banker in Kumasi, has stressed the need for selfless and patriotic leadership at all levels, to help speed up the development agenda of the country.
Mr. Sampson Anokye, Kumasi Asafo Branch Manager of GCB Bank, who made the ca…
The company adds 3,000 full-time positions in Customer Service, bringing the total permanent workforce in South Africa to 7,000
The roles will range from customer service associates to technical experts who will work virtually while sup…
Leadership in Africa is taking a different dimension. We have seen the rise of accomplished women taking up prominent positions and using it to influence lives positively across the continent. As some consider it an opportunity to rub shou…
EV pioneer Nissan offers simple, confidence-boosting advice for a seamless driving experience
Handy pocket guide helps EV enthusiasts identify and practice good EV driver behaviour
Celebrating a decade of success, Nissan LEAF…