OwnBackup, a leading cloud data protection platform, today announced a Series E investment of $240 million co-led by Alkeon Capital and B Capital Group, including a secondary investment in the company by BlackRock Private Equity Partners a…
Absa Bank Ghana and the Mastercard Foundation have announced a joint partnership initiative known as Absa Young Africa Works, a program aimed at enabling young people, particularly young women to access dignified work by investing in micro…
MTN Ghana has placed 25 Hyundai Sonata salon cars on offer in a mega anniversary promotion to reward Customers for their loyalty to the brand as it celebrates its 25th anniversary. The MTN @ 25 Mega Promo which is valid for three (3) month…
Deliveroo has said demand for its services has strengthened despite Covid restrictions easing.
The food delivery firm saw orders double to 148.8 million in the first half of this year, while the value of its transactions also doubled.
…
Hackers have stolen some $600m (£433m) in what appears to be one the largest cryptocurrency heists ever.
Blockchain site Poly Network said hackers had exploited a vulnerability in its system and taken thousands of digital tokens such as…
The President, Nana Addo Dankwa Akufo-Addo, has appointed Madam Elizabeth Ohene as the new Board Chair of the Social Security and National Insurance Trust (SSNIT).
The one-time Minister of State under the Kufour regime will replace Dr. …
The National Insurance Commission (NIC) in a joint operation with the Ghana Police Service has arrested a Lebanese, Gabriel Medawar for operating an unlicensed Insurance broking firm contrary to section 109 of the Insurance Act 2021 (Act 1…
Mr Charles Ohene Andoh, Acting District Chief Executive (DCE) for Assin North, has called on local and international investors to take full advantage of government's industrialisation agenda to invest in the untapped local resource endowme…
The Asante Gold Corporation has officially been introduced to the Sefwi Anhwiaso Traditional Council in the Bibiani-Anhwiaso-Bekwai Municipality as the new management head of the Mensin Gold Bibiani Limited in Western North Region.
The …
Mr. Solomon Tettey Appiah, Kpone-Katamanso Municipal Chief Executive, on Monday said the Municipal Abattoir popularly called the 'Turaku Kraal' would be relocated.
Mr. Appiah said the relocation formed part of activities to ensure that …
The Ghana Shippers Authority (GSA) says demurrage payment is preventable and that shippers and owners of containers must expedite the clearance process of cargo from the ports to jump the demurrage drain.
Mr Fred Asiedu Dartey, GSA Head…
Two economic experts have expressed surprise about the government’s decision to revise the growth target for the year upwards, stating that nothing on the economic front supported the attempted bullish posture.
With first quarter growth…
Mr Joe Jackson, Director Business Operations at Dalex Finance, has been inducted as a Fellow of the Institute of Charted Economists- Ghana (ICEG).
Professor Peter Tuffuo Asubonteng of ICEG led the induction and charged Mr Jackson to uph…
About 40 percent of start-up businesses in Ghana do not make profit at all, Mr. Sherif Ghali, Chief Executive Officer of the Ghana Chamber of Young Entrepreneurs, has noted.
Majority of them also lack access to finance, market, infrastr…
President Nana Addo Dankwa Akufo-Addo, on Tuesday, August 10, 2021, commissioned the $16 million Weddi Africa Tomato Processing Factory, a company operating under the 1-District-1-Factory initiative, at Domfete, in the Berekum West Distric…
A seven-member Soya Bean Export Permit Committee has been inaugurated in Accra.
It has been charged with the responsibility to efficiently manage and regulate the export of soya bean with the imposition of an export permit regime in the…
Saham Insurance Ghana, has presented cheques for GHS 468,493.13 to two victims of the Makola market fire incident as insurance claims to rebuild their businesses.
Mrs Edith Lawson- Atenga, Head, Bancassurance, Saham Insurance Ghana, in …
Mr Tsonam Cleanse Akpeloo, Accra Regional Chairman, Association of Ghana Industries, has called for strategies to help find pathways to grow businesses towards the Africa Continental Free Trade Area Agreement (AfCFTA).
He said the Assoc…
The Ghana Chamber of Mines is funding a study on the positioning of Ghana as the hub of mining support services in West Africa.
In this direction, the Chamber has commenced a process to select a suitable consultant for the study.
Mr …
A virtual training for journalists from Greater Accra, Ashanti, Western and Volta regions on Finance and Economics has ended in Accra.
The training christened the Finance and Economics Clinic held for journalists, was organised by El de…
Mr Isaac Adongo, the Member of Parliament (MP) for Bolgatanga Central, has called for sustainable solution to unemployment in the country.
He said there were no opportunities for employment in the public sector for graduates and "so …
Mr Sugandh Rajaram, the India High Commissioner, has called on Ghana and the rest of the world to embrace a robust and resilient global supply chain, using technology, to sustain tele medicine.
"India has put in place incentives for lo…
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 12.63%
Inflation for June, 2021 7.8%
End Period Inflation Targe…
With its robust production capacity and advanced agricultural and agro-processing capabilities, South Africa is Africa’s leading food and beverage industry market. The industry has shown a growing e-commerce segment and strong confectioner…
Globeleq, the leading independent power company in Africa, and Absa Bank, a leading financier in the renewable energy programme in South Africa, have completed the senior debt refinancing of three of Globeleq's renewable power plants. The …
MDXi, a MainOne (www.MainOne.net) company, continues to consolidate its position as the leading Data Center Business across West Africa with the launch of its recent Data Center in Appolonia City, Ghana. In an environment where there is st…
THOUGHT OF THE WEEK
UNDERSTANDING ASSET CLASSES AND INVESTMENT RISK (PART 3)
? Stocks: A stock represent part ownership of a company. Stocks allows investors to share in the company’s success through increase in share prices and divi…
Weekly Highlights
• Yields on GoG Treasury securities trended downwards.
• The Accra bourse inched up in value for investors.
• The Ghana cedi lost footing against the US dollar and the Pound Sterling but rebounded against the Euro. …
Historically overlooked by independent oil companies (IOCs) and considered something of an oil and gas frontier state, Namibia is establishing itself more prominently on the international oil and gas map.
The Wingat-1 discovery by HRT i…
Mr Tsonam Cleanse Akpeloo, Accra Regional Chairman, Association of Ghana Industries, has called for strategies to help find pathways to grow businesses towards the Africa Continental Free Trade Area Agreement (AfCFTA).
He said the Assoc…
World University Service of Canada (WUSC), a Canadian non-profit organization, has launched a five-year project to promote sustainable pathways to economically empower some 5000 urban poor young women in Ghana.
The project-Innovation in…
President of the African Development Bank Group, Dr. Akinwumi Adesina, has been confirmed as the Keynote Speaker at the 3rd Annual Public Lecture on transformational leadership in Africa, organised by the Intercessors for Africa (IFA) and …
Sir Richard Branson's Virgin Atlantic is exploring a possible listing on the London stock market to raise money to repair the airline's finances.
The move could see shares offered to private investors as well as big City firms, but mean…
America's second largest stock exchange has said it will set binding gender and diversity targets for its listed companies.
Firms on the Nasdaq, which include tech giants such as Apple and Tesla, will have to have at least two diverse d…
The Ghana Enterprises Agency (GEA) has established a financial services department (FSD) to design solutions that can help address bottlenecks hindering micro small medium enterprises (MSMEs) from accessing funds.
The move is expected t…
The Managing Director of Absa Bank Ghana, Abena Osei-Poku has been recognized as a top corporate personality in the country at the 6th Ghana Women of the Year Honours recently organized by Glitz Africa.
Mrs. Osei-Poku was among 13 remar…
The University of Ghana Cooperative Credit Union at Legon (UGCCU) has launched its 50th-year anniversary celebration on its Campus.
Speaking at the Anniversary, the current Board Chairman Dr. Samuel Simpson said their Golden Jubilee wo…
To enhance the creativity and competitiveness of students and Alumni, the University of Ghana has introduced the Innovation and Entrepreneurship Programme (UGIEP).
UGIEP, is a trans-disciplinary initiative that seeks to foster entrepren…
The maiden commercial tanker vessel, GH PARKS, arrived to discharge cargo at West Africa's deepest and new ultra-modern liquid bulk terminal (LBT) at Takotradi Port.
The cargo operation, would signal the formal commencement of commerc…
The President, Nana Addo Dankwa Akufo-Addo, has appointed the Member of Parliament for Yendi in the Northern Region, Farouk Aliu Mahama, as the Board Chair of the Ghana Integrated Iron and Steel Corporation.
President Akufo-Addo made th…
Management of Ghana Cocoa Board(COCOBOD) in the Western South Region says it is doing all it can to ensure improve cocoa production and the well-being of farmers.
It said the Region was assiduously working to implement the various Produ…
Having witnessed its worst recession in half a century in 2020, Africa’s economy is forecast to grow at a healthy pace of 3.8% in 2021 driven by rising global demand as restrictions are eased, untapped market opportunities, a rebound in co…
The African continent continues to witness a significant increase in number of Covid 19 cases. The situation seems to be getting out of control especially in South Africa where daily infection has now exceeded 15,000 cases. Some African go…
It would be an understatement to say that the recent pandemic is ushering in a seismic shift for the travel trade, which suffered a collective gut punch as COVID-19 unrelentingly raged across the globe. New health and safety protocols, cri…
Despite making up 50% of the population, women continue to represent a minimal role in the African energy industry, accounting for merely 21% of the overall workforce in energy utilities. Continued gender disparity, inequality, and barrier…
ViacomCBS Networks International (VCNI), a division of ViacomCBS Inc. (NASDAQ: VIAC, VIACA) and Sky, part of Comcast Corporation (NASDAQ: CMCSA), today announced that Paramount+ will launch on Sky platforms in the UK, Ireland, Italy, Germa…
Twitter is one of the largest messaging apps in the World. Others include Facebook, Whatsapp, LinkedIn etc. The platform is well known for a place of acquiring knowledge, attaining information and enabling communication between both people…
The President of the Republic, Nana Addo Dankwa Akufo-Addo, has stated that for Africa to be able to transform herself, and become the epitome of economic empowerment and self-reliance, she needs to have the wherewithal to be able to prote…
AngloGold Ashanti is continuing underground development and important work related to the Obuasi Redevelopment Project, while a detailed review of the mine plan is conducted in the coming months.
Work has resumed in the ODD Decline and …
Saudi Arabian energy giant Aramco has seen its profits jump almost four times boosted by a rise in oil prices as demand recovers.
The company added that the easing of Covid restrictions, vaccinations, stimulus measures and the return of…
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