Our attention has been drawn to the press conference held by the Sector Minister, Lands and Natural Resources on 5th August 2019 in relation to the above caption. We will like to reply as follows:
First, we will acknowledge that GMC in …
Deon De Swardt, Principal Consultant, Mercer
According to the World Economic Forum, 70 percent of Africa’s population is under the age of 30, signalling a significant opportunity for the growth and advancement of the continent. For inst…
The UN Resident Coordinator, Ms Sylvia Lopez-Ekra, has stated that more than $6 trillion investment is needed annually to implement the Sustainable Development Goals and meet the 2030 Agenda.
She said while domestic resource mobilisat…
Panellists and participants in the Graphic Business -Stanbic Bank Breakfast Forum have made a strong case for the establishment of a national equity fund to pool patient and low-cost funds for small and medium enterprises (SMEs) to use in …
China's currency has weakened to its lowest point in more than a decade, prompting the US to label Beijing a currency manipulator.
The US move came on Monday, after the currency fell below 7 yuan to the US dollar for the first time sinc…
Ghana's High Commissioner to Zambia has paid a visit to exhibitors at the ongoing 93rd Zambia International Trade Fair to encourage and wish them well.
Speaking to the Ghana News Agency after a tour of the Ghana exhibition stands to int…
"Teknokrats" have been urged to bring their research expertise, knowledge and support to bear on the government's flagship industrialisation policy of One District, One Factory (1D1F) to accelerate industrial growth in the country.
"Tec…
African Governors at the end of a two-day meeting have committed to pursuing appropriate macroeconomic frameworks, policies and reforms that support a conducive environment for private investment, women empowerment and inclusive sustainab…
Vice-President Dr Mahamudu Bawumia will on Wednesday, August 6, launch a GhIPSS bank card, which has the functionalities of an e-zwich and gh-link card, as part of efforts to encourage the use of cards for transactions.
It is to provide…
Investor HuB is a consulting firm for Investors who want to invest in various sectors in Africa as well as Africans who are looking for investors. It was therefore created to bridge the gap between Investors and people who need investments…
Weekly Highlights
Government revised macroeconomic indicators for 2019 but needs GHS6.3 billion extra.
Yield on the 91-Day T-Bill upped by a basis point.
GSE closed bearish amidst positive 2nd quarter earnings.
Ghana cedi susta…
The Minister of Finance, Mr Ken Ofori-Atta, has bemoaned the rate at which Africa's economies are growing, explaining that the pace is too weak to contain the bulgy unemployment situation on the continent.
He has, therefore, pledged to …
The US has officially named China as a "currency manipulator", a statement which will intensify tensions between the world's two largest economies.
The announcement by the US Treasury follows a sharp fall in the value of the Chinese yua…
Small and Medium Scale Enterprises (SME’s) operating in the country could be more established to thrive if they had access to more patient funding, an experienced business and investment analyst, Mr Neustadt Amarteifio has said.
Mr Am…
Ghana has officially made its maiden appearance at the third International handicrafts week (SIAB 2019) in Grand Bassam in Cote d'Ivoire.
The Ghana Export Promotion Authority (GEPA) facilitated the participation of Ghanaian exhibitors…
The Graphic Communications Group Limited (GCGL), publishers of the Graphic Business and five other newspapers, is to relaunch its Graphic News App in September to help enhance reader and advertiser experience.
The enhanced news delive…
The Managing Director of Stanbic Bank Ghana Limited, Mr Alhassan Andani has called for increased financing and policy support for small and medium enterprises (SMEs) to help grow them into giant businesses.
Opening the GRAPHIC BUSINES…
“Teknokrats” have been urged to bring their research expertise, knowledge and support to bear on the government’s flagship industrialisation policy of One District, One Factory (1D1F) to accelerate industrial growth in the country.
“Tec…
The Accra East Region of the Noble Order of Knights and Ladies of Marshalls of the Roman Catholic Church has launched a Credit Union to increase the culture of savings among members.
The objective of the initiative is to also offer qual…
The government is planning to create up to 10 free ports across the UK after Brexit.
They allow firms to import goods and then re-export them outside of normal tax and customs rules.
The UK last had such zones in 2012 and Prime Minis…
The Managing Director (MD) of Agricultural Development Bank (ADB), Dr John Kofi Mensah, has reiterated his outfit’s commitment to invest more into digital banking in order to expand financial transactions in the country.
According to …
GLICO, the one-stop shop for insurance and financial services in Ghana, has been adjudged ‘The best insurance Group’ in Ghana at the recently held 2nd Ghana Insurance Awards.
Two subsidiaries of the GLICO Group also received awards. GLI…
The National Lottery Authority (NLA) will on Tuesday launch a new exciting game onto the market.
The game dubbed: "Super 6 Game" would be launched alongside the VAG Lotto in order to boost the revenue generation capacity of Government …
Dr Nii Kwaku Sowa, Chairman, Economic Policy Committee, National Development Planning Commission (NDPC), has urged Government to off-load some of its shares in State-Owned Enterprises and use the funds so raised for development.
He said…
Ms Sylvia Lopez-Ekra, the UN Resident Coordinator, has called on the private sector and the business community to actively participate in mobilising investment in order to meet the SDGs.
She said while domestic resource mobilisation and…
U.S. job growth slowed in July and manufacturers slashed hours for workers, which together with an escalation in trade tensions between the United States and China could give the Federal Reserve ammunition to cut interest rates again next …
OCP Africa, a subsidiary of the OCP Group, a leading global producer of phosphate and its derivatives, have launched an agro school laboratory initiative aimed at providing on-site modern and practical agro services to farmers.
Known as…
President Nana Addo Dankwa Akufo-Addo Thursday said Africa will attain the vision of a continent Beyond Aid only when its resources are effectively harnessed and deployed creatively and efficiently for rapid economic and social transformat…
The Upper East Chapter of the Association of Rural Banks (ARBs) has called on the government to review downwards the 25 per cent corporate tax imposed on Rural and Community Banks (RCBs) to help save the industry from collapse.
The Pres…
The Tema Metropolitan Assembly (TMA) failed to achieve its revenue target for the first half of 2019, raking in only 20 per cent of revenue.
Out of an estimated revenue of GH¢83,3 million, the TMA was able to accrue only GH¢16. 7 milli…
The Seed Producers Association of Ghana (SEEDPAG) have been called to work closely with the National Seed Trade Association of Ghana (NASTAG) to protect the interest of the private seed sector.
Mr Thomas Havor, the Acting General Secret…
The Financial Times is reporting on Friday's front page that EU finance ministers are to vote today on Europe's candidate to succeed Christine Lagarde as managing director of the International Monetary Fund.
The EU's 28 finance minister…
Mr Vicenç Bosch, the General Manager of GB Foods Africa, has said the company is focused on elevating the taste of Ghanaians by giving them products that would meet their desires.
Speaking at the launch of its new seasoning products ca…
The FBNBank Ghana has launched its third edition of its ‘Save and Win’ promo to boost the savings culture in the society.
The promo, which runs for a period of three months- July 31 to October 31, 2019 also seeks to reward loyal custome…
President Nana Addo Dankwa Akufo-Addo on Thursday said Africa’s transformation Beyond Aid is a must as “Africa is eager, Africa is willing”.
President Akufo-Addo was speaking at the opening of the first leg of the African Caucus Meeting…
PBusinesses have been urged to pay attention to improving gender balance at top management in order to expand.
The First Lady, Mrs Rebecca Akufo-Addo, who gave the advice said, “Research shows that companies with women leadership do b…
The benchmark index moderated by 3.05 points (-0.13%) to close at 2,343.48 with a -8.89% year-to-date return due to losses in five counters in the consumer goods, banking and agro processing sectors while market capitalization declined b…
CBG Ghana has in less than a year, moved from a negative position to post profit, in a generally challenging banking environment. This was on the back of prudent management practices; the Bank has explained.
CBG was formed in August las…
The Stock Market
July 2019 appeared to have been the worst month for the year. The Composite Index’s record low performances for the year and pro-longed decline in prices characterized the stock market. The Composite Index closed the…
Republic Bank Ghana Group, a subsidiary of Republic Financial Holdings Limited, has recorded a half year profit of GHS39.319 million representing a year-on-year increase of 75%. The Bank’s assets level has also increased to GH3.03 billion …
The boss of British Airways-owner IAG has said a pay deal being offered to its pilots is "fair", adding that he is hopeful strikes can be averted this summer.
British Airways will re-enter talks with the British Airline Pilots' Associat…
Ghana and Burkina Faso have opened talks to formalise trade relations in food crops, the Minister of Food and Agriculture, Dr Owusu Afriyie Akoto, has announced.
To this end, Dr Akoto and his Burkinabe counterpart, the Minister for Agri…
There should be real and genuine policies that are aimed at supporting small and medium enterprises in the country, the General Manager Operations of Kina Group, Mr Nuamah Eshun-Famiyeh, has stated.
He said for SMEs to expand and thrive…
Solidaridad, an international solution-oriented civil society organization, is implementing a five-year project to strengthen and deepen the understanding of local community farmers in climate change.
The Ghana Dedicated Grant Mechanism…
Algeria now produces sufficient fuel to meet domestic demand and has not had to import since 2018
Algeria – having just announced “fuel self-sufficiency” – is the latest African oil-and gas-producing country to confirm its attendance at…
Diverse array of opportunities across the whole oil and gas value chain – event to offer exclusive insight into national hydrocarbon strategies and bidding rounds
A report released by Africa Oil Week (Africa-OilWeek.com) and Menas Assoc…
Africa’s largest wind farm, a €620 million energy masterpiece boosting 365 turbines in northern Kenya, will help the East African nation stay on track to reach its target of 100% green energy by 2020.
Known as the Lake Turkana Wind Powe…
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EURAFRI.com is an Non-Profit - European - African Bridge - for IT / IoT Entrepreneurs and Startups. Networking without borders will create opportunities, jobs, new business and business contact…
Oil firm Royal Dutch Shell's profits have plunged to their lowest since 2016, due to lower oil and gas prices.
Shell's second quarter profits dropped 25% to $3.6bn (£3bn), far below analysts' expectations of $4.9bn.
The oil giant bla…
Chinese billionaire Liu Zhongtian has been indicted in the US over allegations he evaded $1.8bn (£1.5bn) in tariffs on aluminium imports.
Prosecutors accuse Mr Liu of using the aluminium company he founded to smuggle huge amounts of the…