The Turkish government has affirmed its commitment to increase its investment portfolio in the Ashanti Region as it seeks to explore business opportunities in varied areas.
These include tourism and culture, agriculture, education, cons…
Dr Stephen Yamoah, the Executive Director, Nuclear Power Ghana (NPG), has said the implementation of Ghana's nuclear power programme will propel socio-economic development.
He, therefore, urged the media to stimulate an objective and co…
From the 7th to the 9th of September 2021, the Rimini Expo Center in Italy will host over 45,000 visitors, 25% of whom will be international visitors coming together for the biggest international fruit and vegetable industry trade fair; Ma…
The Electricity Company of Ghana (ECG), Tema has invested a total GHC989,800.00 in major projects in an effort to improve reliable power supply to customers within its operational areas.
Out of the amount, GHC142,141.92 was invested …
Mr Ken Ofori-Atta, the Minister of Finance, says the country can successfully implement the Country Development Goals through formalized partnerships with the private sector.
He said with the passage of the Public-Private Partnershi…
The Oil Palm Development Association of Ghana (OPDAG), representing the entire palm oil value chain actors in Ghana, has appealed to the government to exempt palm oil from the implementation of the 50 per cent benchmark value Policy.
…
Mr Kojo Oppong Nkrumah, Minister of Information, Thursday urged the citizenry to join the drive towards a quick Covid-19 recovery for a sustainable national development and social cohesion.
He said the State was playing its role toward…
The Agricultural Development Bank Limited (ADB) is to provide funding support to the Accra Anglican Dioceses for the development of a rubber plantation project.
The project to be located on a One Thousand (1000) Acres land at Assin Ns…
Invest in Africa (IIA), a not-for-profit organisation focused on growing local Small and Medium Enterprises (SMEs) in Ghana and across Sub-Saharan Africa, and the Ghana Enterprises Agency (GEA) have signed a Memorandum of Understanding (Mo…
To offer enhanced and superior financial solutions to customers, Absa Bank Ghana has opened a new ultra-modern branch office at North Industrial Area in Accra.
The new branch is one of the first branches to provide a full bouquet of se…
Hot on the heels of oil majors either exiting or cutting back their activities in West Africa, comes news of other players moving to fill the gap – in the coastal countries of Sierra Leone, The Gambia and Ghana, for instance.
In other W…
The President of Ghana, H.E. Nana Akufo-Addo, will address international investors and businesses at Invest Africa’s (www.InvestAfrica.com) annual Africa Debate from 14th-16th September (https://bit.ly/3yfL05a) as part of his government’s …
Puma Energy, a leading multinational oil marketing company in Ghana, has opened a new retail service station at Westland in Accra
The Westland retail site was opened to the public on Thursday, August 18, 2021, rendering the top-of-the-r…
The Cocoa Marketing Company (CMC) and the Ghana Shippers Authority (GSA) have started processes to negotiate cocoa freight charges for the 2021/2022 cocoa season.
Research and other activities being undertaken by the two entities will f…
President Nana Addo Dankwa Akufo-Addo Tuesday rallied German investors and industrialists to invest in Ghana because of the conducive and vibrant business atmosphere in the country.
Addressing the Ghana-Germany Business Forum in Dusseld…
Despite the staggering revelation that 53 percent of Social Security and National Insurance Trust (SSNIT) beneficiaries receive less than GHS 1,000 per month, the Director-General has described the scheme as “really generous”.
The Natio…
The Minister for Information, Mr. Kojo Oppong Nkrumah has underscored the critical roles the media and marketing communicators, along with governments on the African continent, must play to rebuild their covid-ravaged economies.
He says…
Over the last couple of months, several conversations have been held on different media platforms over the establishment of the new Development Bank Ghana.
Several forums have been held to enable the business community and Ghanaians und…
Some traders have expressed worry over the prolonged demolition of the Hong-Kong building at the Makola in the Accra Central Business District, which has caused a gridlock in the area.
The demolition, which started yesterday August 22, …
Cirilo Enterprice Consult, an indigenous consulting Firm that provides consultancy and capacity building for small businesses in Ghana has organised a day's training programme for Micro, Small and Medium Enterprises (MSMEs) in the Sekondi-…
The government is collaborating with the Small-Scale Mining Sector (SSMS)to sanitize the industry to ensure responsible mining in local mining communities.
The aim is to prevent the pollution of water bodies, forest, soil and other natu…
Key Stakeholders at a day's sensitisation meeting organized by Central and Western Fishmonger's Improvement Association (CEWEFIA), at Winneba have appealed for an extension of the project, 'Increasing the Voice of women for sustainable Fis…
The Koforidua Central market, leading trading centre in the New Juaben South Municipality, is to be reconstructed as part of three major projects earmarked by the Assembly to improve economic activities.
Mr Isaac Apau-Gyasi, the Muni…
Mr Hebert Krapa, the Deputy Minister of Trade and Industry has reiterated the commitment of government to strengthening the capacity of the Creative Arts sector to promote development.
He said, "if we promote our art, we bring alive ou…
United Kingdom's(UK) Prime Minister Boris Johnson on Monday appointed 10 Trade Envoys across the world including the new Trade Envoy to Ghana, Madam Baroness Kate Hoey.
A statement issued by the British High Commission in Accra, copied …
WEEKLY MARKET REVIEW FOR WEEK ENDING AUGUST 20, 2021?
MACROECONOMIC INDICATORS
Q1, 2021 GDP Growth 3.1%
Average GDP Growth for 2021 3.1%
2021 Projected GDP Growth 5.0%
BoG Policy Rate 13.50%
Weekly Interbank Interest Rate 12.61%
…
Did you know that, contrary to what one might think, older age groups are the fastest-growing segments of many social media platforms’ audiences[1]? Facebook, for example, saw users above the age of 65 increase by roughly 25% over the past…
The recent state visit by OPEC Secretary General H.E. Mohammed Barkindo to Congo-Brazzaville has reaffirmed the role of oil in Africa’s energy future. Opportunities in Congo-Brazzaville have the potential to drive Africa’s socio-economic d…
China's Experience in Digital Financial Inclusion [1]
1. Background
Financial inclusion is the next step in the evolution of financial systems and has played a key role in the development of China's finance. Before 1978, China's macr…
IFC provided record financing in fiscal year 2021 in the Middle East and Africa to help thousands of small businesses access finance, connect people and businesses to reliable digital infrastructure, trade and services, and help to meet cr…
THOUGHT OF THE WEEK
UNDERSTANDING THE STOCK MARKET (PART 2)
The stock market maintains market and sector indicators that measure the performance of the stocks listed on the market. The Ghana stock exchange maintains two official indicato…
Telecommunication giant, Vodafone Ghana, is set to host a virtual skills fair dubbed #LevelUp on Friday, 27th August 2021.The initiative is in line with the Telco’s commitment to support government’s efforts at addressing the unemployment …
Ghana’s cashew sector, which produces some of the highest quality nuts in the world, is set to get a boost, as stakeholders are gathering inputs into the National Cashew Strategy document, to improve cashew production along its value chain…
On-demand delivery platform, Glovo has extended its operations to Tema as part of the company’s strategy to better serve customers across all major cities.
Tema, located 25 kilometres (16 miles) east of Accra, the capital of the Tema Me…
The TDC Development Company Limited recorded soaring revenue in 2020 with an amount of GH¢115,845,395.03 representing a 76.27 per cent increment over 2019 amidst the COVID-19 pandemic.
In 2019, a year preceding the pandemic, there was a…
The Chief Executive Officer (CEO) of the Tree Crops Development Authority (TCDA), Mr William A. Quaittoo, says the tree crop sector has the potential to increase the country’s export revenue to US$ 6 billion.
He said that was possible i…
At a colourful ceremony, held at the Advantage Place on 18th August 2021, two giants of Ghana’s insurance industry, Enterprise Insurance and KEK Insurance Brokers, launched four unique products.
The products: CompExtra, Third-Party Ampl…
The Chief Executive Officer of the Ghana Cocoa Board, Joseph Boahen Aidoo, says he is optimistic the country will produce more than one million metric tonnes of cocoa for the 2020/2021 crop season.
As of August 19, 2021, COCOBOD, has al…
The pilot of the Pan African Payment and Settlement System (PAPSS) will be completed by December 2021.
This is according to the Executive Vice President of the Afreximbank, Denys Denya.
Already, the testing process is happening in si…
President Nana Akufo-Addo has charged the new board of the Bank of Ghana to interrogate the issue of high interest rates in the country.
According to the President, a low interest rate for businesses in the country is critical for ensur…
Members of the public who are still not sure how to access the GhQR for payments, should speak to their banks for assistance, Mr Archie Hesse, the Chief Executive of Ghana Interbank Payment and Settlement Systems (GhIPSS), has advised.
…
INVESTMENT TERM OF THE WEEK
Index: This is a tool used to statistically measure the progress of group of stocks that share characteristics. This can include a group of stocks, a group of bonds or a group of other assets.
EQUITY MARKE…
Gainers & Losers
Market Summary
The GSE Composite Index advanced by 10.67 points (+0.39%) on the back of UNIL (+60.27%) and EGL (+0.51%) to end the week at 2,754.92 with a year-to-date return of 41.89% while the market capitalization…
On May 18, 2021, the International Energy Agency released Net Zero by 2050: A Roadmap for the Global Energy Sector, which outlines plans for the global energy sector to reach “net zero” greenhouse gas emissions by 2050.
Achieving net ze…
Steyn City (www.SteynCity.co.za), an award winning and highly sought after residential estate strategically located between Sandton and Midrand in Gauteng, has recently cemented its status as one of the very best addresses in South Africa …
Angela Kyerematen-Jimoh has been sworn in by President Akufo-Addo as a member of the Governing Board of the Bank of Ghana.
The swearing-in was hosted at the Jubilee House by the president on Friday 20th August 2021, where the President ch…
Global premium smartphone brand, TECNO (www.TECNO-mobile.com), today launched its new brand slogan of Stop At Nothing, while launching a brand campaign hashtagged #StopAtNothing that pays tribute to those who continue to push forward again…
A silver jubilee is always worth celebrating and you can be sure of a mega celebration when a giant like MTN Ghana is celebrating 25 years of fruitful, deeply satisfying service to Ghanaians.
From Spacefone to Areeba to MTN, the telecom…
More than 80 private Covid travel test providers listed on the government's website will be issued two-strike warnings over misleading prices, Health Secretary Sajid Javid has announced.
A further 57 firms will be removed from the websi…
Civil Society Organisations have urged government to initiate discussions on Agyapa Royalties deal as "promised last year" to avoid another rush agreement and conclusion of the deal.
The Africa Centre for Energy Policy (ACEP), who mad…
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