Robert Ter Morshuizen [1] has been appointed Head of Property, Energy and Construction effective from April 1, 2020 reporting to Allianz Global Corporate & Specialty (AGCS) Africa CEO Thusang Mahlangu [2], Global Head of Engineering and Co…
Market Summary
The benchmark index moderated by 0.61 points (-0.03%) to close at 2,178.41 with a -3.49% year-to-date return due to CAL Bank (-1.20%) while market capitalization eased to GH¢56.18 billion.
Consequently, the GSE Finan…
In a region rich in natural gas, such initiatives are driving Côte d’Ivoire’s energy transition and paving the way for more industrialization and jobs creation
Côte d’Ivoire is establishing a new energy leadership in West Africa followi…
Sportswear firm Nike has seen online sales rise by more than 30% in China as it rides out its coronavirus store shutdowns.
The US firm has shut the majority of its stores globally, but says 80% have now reopened in China.
"We expect …
The International Monetary Fund (IMF) says it has received a request from Ghana for a disbursement under the Rapid Credit Facility to help the country address the economic impact of the COVID-19 pandemic.
The IMF’s African Department …
Weekly Highlights
MPR dropped to combat COVID-19 impact on Ghana’s economy
Yield on 5-Yr Bond raised by 220 basis points but 91-Day T-Bill eased.
GSE drove further southwards.
Ghana cedi outmuscled staged missed performance ag…
Known as CAMON ‘CEOs’ – Camera Experience Officers – the 125 fans picked for this exciting opportunity will be chosen based on their talents working behind a camera lens
What’s the best way to get the word out about an exciting new piec…
Arrears on loans owed by Somalia to the African Development Bank Group have been cleared following the payment in full of $122.55 million by the governments of the United Kingdom and the European Union, marking the end of sanctions a…
The Ghana Tourism Authority (GTA) has ordered all beaches in the country to close down with immediate effect.
This is to prevent the spread of the COVID-19 disease of which Ghana had so far recorded 24 confirmed cases with one death.
…
The Ghana Cocoa Board (COCOBOD) through the Cocoa Health and Extension Division (CHED) have given 1,732 motorized slashers to 134 cocoa farmer corporative within the Sefwi- Waiwso and Akontombra Districts of the Western North Region.
Mr…
About one thousand identified Ghanaian markets are to be fumigated in the wake of the spread of the COVID-19 (coronavirus) disease.
"We have had extensive discussions with managers of the various markets, and they have given their conse…
Mr Kwami Azumah, Senior Business Advisor with the Volta Regional Office of the National Board for Small Scale Industries (NBSSI), has said African must take advantage of the coronavirus pandemic to develop its local industrial capacity.
…
Africa needs an immediate emergency economic stimulus to the tune of US$100 billion and waiver of all interest payments, estimated at US$44 billion for 2020 in view of the Coronavirus pandemic.
African Ministers of Finance made this cal…
Madam Sheila Vigbedor, the Aflao Sector Commander of the Customs Division of the Ghana Revenue Authority (GRA), has said the Sector could not meet its revenue target for 2019 as a result of the closure of Nigeria's western border.
She s…
The Ghana Interbank Payment and Settlement Systems (GhIPSS), a wholly owned subsidiary of the Bank of Ghana, has announced a waiver of fees on electronic services.
In a press statement issued in Accra, on Sunday, it said all commercial …
The Chief Executive Officer (CEO) of UMB Bank, Mr Benjamin Amenumey, has reiterated the importance of people having the desire to be financially independent and taking the necessary steps to achieve it.
He said prudent personal finance…
The world will take years to recover from the coronavirus pandemic, the Organisation for Economic Co-operation and Development has warned.
Angel Gurría, OECD secretary general, said the economic shock was already bigger than the financi…
Greggs has become the latest food retailer to say it will close its shops temporarily to help fight coronavirus.
The bakery chain, which has more than 2,050 outlets, said all shops would shut on Tuesday night to help maintain social dis…
A pharmaceutical company, Ernest Chemists Limited (ECL), has donated medical supplies to the two main designated hospitals for the COVID-19 pandemic.
The Greater Accra Regional Hospital and the Tema General Hospital were supplied with…
A Ghanaian private airline operator, Africa World Airlines (AWA) has waived all penalty fees on the change of flight schedules for both domestic and international travels.
As a move to help reduce the impact of the COVID-19 outbreak on …
The Bank of Ghana (BoG) has asked banks and Specialised Deposit-Taking Institutions (SDIs) to seek its approval in writing before the declaration and payment of dividends.
The move is to prevent banks from using funds from the reduction…
Worldwide Western Union Customers increasingly choose to send money digitally from the comfort and safety of their home
Company is working with Agents, Governments, Customers and Employees to enable global money movement and help ease t…
KONE downgrades its business outlook for 2020 due to the estimated impacts related to the COVID-19 outbreak
Governments across the world are taking significant and increasing measures to contain the COVID-19 outbreak by restricting the …
As business and society, we are seeing a concerning increase in the transmissions of COVID-19 cases across multiple countries. The virus has had a far-reaching impact on our societies and is testing the resilience and tenacity of businesse…
A product that traders use to profit from surges in volatility has soared as coronavirus fears ravaged stocks, prompting concern about a plunge if the market’s wild swings subside.
The VelocityShares Daily 2x VIX Short-Term ETN (TVIX.O)…
Widening travel curbs to contain the spread of the coronavirus led to further flight cancellations on Monday, with new restrictions spanning India, Australia, New Zealand, the United Arab Emirates (UAE), Hong Kong, Singapore and Taiwan.
…
EMIRATES RETAINS CARGO OPERATIONS, BUT TEMPORARILY SUSPENDS MOST PASSENGER OPERATIONS BY 25 MARCH
· DNATA SIGNIFICANTLY REDUCES OPERATIONS, INCLUDING TEMPORARY CLOSURE OF OPERATIONS AT SOME INTERNATIONAL LOCATIONS WHERE DEMAND IS LOW
…
Ghana’s largest bank, GCB Bank Ltd has provided GHS100,000.00 support to the Government of Ghana in the fight against the spread of the coronavirus (COVID-19) in the country.
The donation which is the first of its kind by a financial in…
The world is under siege. COVID-19 is wrecking havoc and for the first time in the history of mankind, the whole world has been hit by a virus which spread is so simple yet can be deadly in the long run when people get infected.
Prese…
A product that traders use to profit from surges in volatility has soared as coronavirus fears ravaged stocks, prompting concern about a plunge if the market’s wild swings subside.
The VelocityShares Daily 2x VIX Short-Term ETN (TVIX.O)…
The coronavirus outbreak, which originated in China, has infected more than 200,000 people. Its spread has left businesses around the world counting costs.
Here are ten key maps and charts to help you understand the economic impact of t…
Shattered airlines were left counting the cost of government support as countries from the United States to New Zealand set out conditions for bailouts needed to absorb the shock of the coronavirus pandemic.
Conditions include provision…
The BBC's weekly The Boss series profiles different business leaders from around the world. This week we speak to Katrina Lake, founder of online fashion business Stitch Fix.
For the first six years running Stitch Fix, Katrina Lake wasn…
The Bank of Ghana has announced a raft of measures aimed to contain the economic impact of the COVID-19 on the economy and to enhance access to credit.
Consequently, the Bank had reduced the Primary Reserve Requirement from 10 percent …
The African Development Bank has signed an $800,000 grant agreement with the government of Seychelles to support micro, small and medium enterprises (MSMEs) in its Blue Economy sector.
The package will help Seychelles develop its marine…
Golden Star Resources (GSR), a mining company, says it is investing US$10million to revive operations at its Prestea Mine and to ensure it is streamlined to become profitable.
The new capital will be invested in machinery, operation of…
The Borderless Alliance Ghana has temporarily suspended all of its public activities in the country, with immediate effective, in line with the national directives to prevent the spread of the novel coronavirus.
A statement copied to th…
The Government is likely to miss its first quarter revenue target for the year, due to the impact of the COVID-19 global pandemic, Dr. Raymond Dziwornu, Dean, Faculty of Accounting and Finance, University of Professional Studies, Accra, ha…
Mr Joseph Kofi Adda, the Minister of Aviation, on Thursday, announcing that no case of contaminated cargo has been recorded at the Kotoka International Airport, commended the staff for the measures instituted to prevent the contamination o…
In the last two years, the Precious Minerals Marketing Company (PMMC) Limited has assayed (valued) a total of about $12billion worth of gold for both Artisanal Small-scale Miners (ASMs) and the Large Scale Mining firms.
Under the govern…
MTN Provides Free Connectivity to Several Online Learning Channels to Support Home Learning During The COVID -19 Virus Pandemic
MTN Ghana has announced a Y’ello care package which gives customers the opportunity to access a variety of…
In light of the ongoing coronavirus situation, Jaguar Land Rover has confirmed that it will temporarily suspend production at its UK manufacturing facilities over the course of next week. The company’s intention is to resume in the week o…
EUSA Pharma and the Papa Giovanni XXIII Hospital, Bergamo, Italy Announce Initiation of an Observational Case-control Study of Siltuximab in Patients with COVID-19 who have Developed Serious Respiratory Complications
EUSA Pharma, a glob…
As part of efforts to support Government’s intervention to control the spread of the COVID-19, MTN MoMo has implemented incentives approved by the Bank of Ghana to enable customers adopt MoMo for financial transactions to minimize the risk…
The UK car industry is slowly grinding to a halt after BMW, Toyota and Honda said they would temporarily shut down their UK factories because of the coronavirus pandemic.
Nissan and Vauxhall have already closed plants amid falling sales…
Rehabilitation works on the Kpong Left Bank Irrigation project is progressing steadily and almost 63 per cent complete.
The $35 million project, which is being funded by the World Bank, covers about 2,000 hectares of land.
It will ha…
Information technology firm, Huawei has showcased the innovative CloudLink Enterprise Meeting Solution to the Vice-President, Dr Mahamudu Bawumia, at the maiden edition of the Mobile Technology for Development Conference (MT4D), a statem…
Inflation from producers perspective in the country has dropped to 11.8 per cent in February 2020, data from the Ghana Statistical Service (GSS) has shown.
This rate represents a 2.7 percentage point decrease in producer inflation rel…
The pound has fallen to its lowest level against the dollar since 1985, as the spread of the coronavirus pandemic spooks investors.
It is currently trading at $1.15, a fall of almost 5% in just one day.
It comes as financial markets …