The trading floor of the New York Stock Exchange (NYSE) is set to shut in the latest coronavirus-related closure.
The Intercontinental Exchange, which operates the NYSE, said all buying and selling of shares will happen electronically f…
The bosses of EasyJet and Lufthansa have said some airlines may not survive without government support if the coronavirus pandemic drags on.
The warnings came just hours after Qantas became the latest major airline to cancel its interna…
Ecobank Transnational Incorporated, ETI, the Lomé-based parent company of the Ecobank Group, has announced two new appointments and changes on its Board of Directors.
Dr Georges Agyekum Nana Donkor has been appointed as a Non-Executive …
mPharma, a Ghanaian based pharmaceutical services company, says as Ghana battle the spread of COVID-19, it is looking to address what may be a potential drug supply shortage and price increases due to ongoing disruptions in the drug supply…
The Swedru Teachers' Co-operative Credit Union has for the past 50 years significantly impacted on the lives of its members.
The Credit Union has been described as one of the most vibrant and well-managed non-banking institutions operat…
The Producer Price Inflation rate for February 2020 was 11.8 percent, representing a 2.7 percentage point decrease relative to the rate recorded in January 2020 of 14.5 percent.
The month-on-month change in producer price index between …
Market Summary
The benchmark index declined by 15.03 points (-0.68%) to close the session at 2,182.66 with a -3.30% year-to-date return while market capitalization decreased by 0.28% to settle at GH¢56.22 billion.
Downward price mo…
After the likely spike in insurance claims arising from the COVID-19 pandemic, insurers are likely to introduce new or change existing exclusionary clauses which were not previously considered to be necessary.
The rapid spread and pote…
MTN focuses on network continuity and takes precautionary steps to safeguard its employees, suppliers and customers from covid-19
MTN Ghana has implemented a series of precautionary measures to ensure continuity of services and the saf…
The Bank has already taken several other steps to counter an escalation of the virus, including a 14-day self-quarantine for employees returning from high-risk countries
The African Development Bank (AfDB.org) on Wednesday announced hea…
With Doxy.me, healthcare providers can get a free, secure, GDPR and PHIPA-compliant telemedicine solution up and running in just minutes
Doxy.me, a free, secure telemedicine solution, stands ready to meet increased demand for a simple, …
The Algerian Company of Fairs and Exports (Safex) has announced the postponement of all the fairs and events scheduled March and April. This measure is intended to prevent the spread of Coronavirus (Covid-19).
Distributed by A…
The individuals on this year’s list are all innovative and inspirational leaders who are actively making a difference and carving the pathway for other females to enter and make their mark
Blockchain technology is one of the most notabl…
The European Central Bank (ECB) has launched an emergency €750bn ($820bn; £700bn) package to ease the impact of the coronavirus pandemic.
It will buy government and company debt across the eurozone, including that of troubled Greece and…
The Bank of Ghana has expressed fears that the scourge from the Coronavirus disease (COVID-19) will collapse growth in the economy to 2.5 per cent in 2020.
The Governor of the central bank, Dr Ernest Addison, said in a statement issued …
The Bank of Ghana has reduced its benchmark policy rate by 150 basis points as its first response to the strain that the Coronavirus disease (COVID-19) is imposing on the economy.
The policy rate determines the rate at which commercial …
UK stocks tumbled on Wednesday as major UK and US stimulus plans failed to quell worries about the economic impact of the coronavirus pandemic.
The FTSE 100 index of top UK firms dived more than 5%, with aerospace firms, travel companie…
The Trump administration pressed on Tuesday for enactment of a $1 trillion stimulus package, possibly to include $1,000 direct payments to individual Americans, to blunt the economic pain from a coronavirus outbreak that has killed over 10…
Some financial institutions have assured their customers of the necessary steps being taken to prevent the spread of COVID-19 and ensure their safety as well as staff on their premises.
The assurance have come in the form of text messag…
Finance Minister Ken Ofori-Atta on Tuesday revealed that the cost of printing the new 100 and 200 cedi notes was 8.98 million dollars.
This is made up of US$4.45 million and US$4.53 million for the 100 and 200 cedi notes respectively.
…
Rolls-Royce Motor Cars has suspended production at the company’s Goodwood-based manufacturing plant from Monday 23 March for two weeks.
The company said: "In order to further secure the health and welfare of the employees of the company…
Amazon is temporarily refusing to stock certain items in its warehouses, to cope with overwhelming demand for household essentials due to the coronavirus pandemic.
It means third-party sellers of non-essential items could find it diffic…
In the wake of the deadly coronavirus pandemic, the Fisheries Commission (FC) has called on fishers and fishmongers to adopt the health protection measures to prevent the spread of the flu-like coronavirus.
It called on fishmongers who …
The Ghana Standards Authority (GSA) and the Petroleum Commission (PC) have agreed to collaborate to standardise oil measurement in the country.
The decision was arrived at during a meeting between Professor Alex Dodoo, Director-General …
Dr Archibald Yao Letsa, Volta Regional Minister said land litigations in the Region are hampering its quest for accelerated socio-economic development.
"One challenge we are facing with investors is availability of land, and land litiga…
REDAVIA, a global market leader of cost-effective, reliable, and clean solar power for businesses, signed a lease with Exotic EPZ LTD, an international nuts and oils processing and export company.
Exotic EPZ Ltd is led by a dynamic trio…
African Development Bank to provide underserved communities in Nigeria with sustainable energy solutions
The project, which will be implemented by Nigeria’s Rural Electrification Agency, is a boost to efforts to achieve the target of un…
Banda Homes have availed possibilities for Kenyans to finally own their own home through the affordable housing model
Kenyan’s in large number are seeking housing far from the hustle and bustle of a stress filled city life, inflated ren…
The Cameroonian Prime Minister has announced that as of March 18 all land, sea, and air borders are closed until further announcement due to COVID-19. American citizens with questions should contact Embassy Yaoundé’s Consular Section at…
Hong Kong, Singapore and Osaka have just been ranked as the world's most expensive cities to live in.
But this may not be the case after the full impact of the coronavirus pandemic takes its toll.
Cities that get a large part of thei…
The Chamber of Petroleum Consumers (COPEC) has described as disappointing the paltry percentage drop in the prices of petroleum products by the Oil Marketing Companies (OMCs) in the second pricing window which started yesterday.
Major…
Leading the forefront of innovation in the telecom industry, mobile network operator AirtelTigo has come up with another ‘exceptional proposition’ for its customers.
Famous for its BigTime Data Bundles that pioneered ‘No Expiry’ in Ghan…
The Minister of Finance, Mr Ken Ofori-Atta, on Tuesday told Parliament that the cost of printing the GH¢100 and GH¢200 noted is $8.97 million.
He said the amount was made up of $4.45 million and $4.53 million for the GH¢100 and the GH…
Volkswagen Group (VOWG_p.DE), the world’s biggest carmaker, is suspending production at factories across Europe as the coronavirus pandemic hits sales and disrupts supply chains, the company said on Tuesday.
The German carmaker, which o…
Workers at Amazon's UK warehouses are being told to work overtime to tackle huge demand due to the coronavirus pandemic, despite government calls to restrict social contact.
The GMB union says that workers across at least four different…
A Deputy Minister of Finance, Mr Kwaku Agyemang Kwarteng, has said that Ghana ought to broaden the discussion to ensure that it is impacted minimally in the wake of the Coronavirus (COVID-19) epidemic, and not just limit it to the drop in …
Last week, I heard two significant announcements: the World Health Organisation (WHO) classified the outbreak of COVID-19, a novel respiratory coronavirus, as a pandemic after recording over 118,000 cases in 114 countries; and the first tw…
The Ghana Stock Exchange has advised Listed Companies to adhere to the government's directive on public gatherings with regard to their annual general meetings.
"The Ghana Stock Exchange refers to the directive on public gatherings give…
CUTS Ghana, a research and advocacy policy think tank, has expressed dismay at the Association of Oil Marketing Companies' (AOMCs) decision to set a percentage cap and defer the window for reducing fuel prices at the pump.
This, accordi…
The Economic Commission for Africa (ECA) has suggested African governments to review their budgets to reprioritise spending towards mitigating the expected negative impacts from the COVID-19 pandemic on their economies.
As a safety net,…
At present, Africa stands to lose over $110bn in taxes, petroleum exports, jobs, and contracts to local companies over the next three months
While the African Energy Chamber (EnergyChamber.org) has a fundamental belief that we have to l…
Weekly Highlights
February Inflation unchanged at 7.8 percent
Interest rates on short-dated treasury securities witnessed mixed adjustment.
Accra Bourse failed to post gain despite dividend declarations.
Ghana cedi outmuscl…
INTRODUCTION OF QUICK RESPONSE CODES IN GHANA
A QR code (short for "quick response" code) is a type of barcode that contains a matrix of dots. All QR codes have a square shape and include three square outlines in the bottom-left, top-le…
Absa Bank Ghana has made a strong commitment to make Ghanaian women economically and financially empowered in order to bridge the gender gap.
Despite improvements in the development of women, the United Nation’s recent stock taking repo…
This is not time to make supernormal profits: Economist cautions in the wake of COVID-19 outbreak in Ghana
An Associate Professor of the Institute of Social, Statistics and Economic Research (ISSER), Professor Robert Darko-Osei, has cal…
Africa Fertilizer Financing Mechanism launches $2.2 mill project in Nigeria to boost fertilizer supply to 200,000 farmers
The trade credit guarantee project is AFFM’s first in the West African nation and will involve 10 fertilizer suppl…
Welded Thermo jacket features integrated reflective antenna to help rescue teams find you and pockets to keep mobile phones charged for longer
Collection also includes a seam-sealed go-anywhere backpack, pocket tools, T-shirts, flasks…
Sierra Leone to count on African Development Bank to help build resilient economy, restore self-sufficiency in rice production
Sierra Leone will look to the African Development Bank to stimulate agribusiness development in the cou…
It's a rout on global stock markets, not far off crash territory. That follows the travel ban speech from US President Donald Trump that triggered a pan-European sell-off.
The failure of the European Central Bank to follow the Bank of E…