The French fashion house Sonia Rykiel, which symbolised the spirit of Parisian 1960s rebellion, has gone into liquidation.
The business will be wound up after the search for a buyer failed.
Sonia Rykiel, the brand's founder, became k…
The European Central Bank has hinted it could cut interest rates to tackle a slowdown in the eurozone economy.
It said a weak manufacturing sector and uncertainty over Brexit and trade threatened to derail growth in the bloc.
The ECB…
Losses in three counters in the petroleum marketing, telecom and beverage sectors dragged the benchmark index down by 23.25 points (-1.01%) to close at 2,311.47 with a -10.14% year-to-date return while market capitalization declined by 0…
Activities on the stock market were less exciting during the past week. The GSE Composite Index finished 0.76% lower than the previous week’s 2,353.09 points. Attention was on the telecommunications sector in anticipation of the reading of…
Mobile Telecommunication Network (MTN) Ghana, has threatened to take legal action against institutions that destroy their fibre cables, resulting in poor network services.
According to Mr Samuel Koranteng, Corporate Services Executive o…
Volkswagen's first half operating profit rose 10% to €9bn, it announced earlier.
While sales of Audi's dropped, there was higher demand for VW, Porsche and Skoda cars.
Volkswagen confirmed its financial outlook for the year.
The Melcom Group of Companies has held its third draw of the raffle campaign dubbed: "BIG 30", in Accra to reward its numerous loyal customers.
The event, which was organised under the supervision of the National Lottery Authority, saw …
GCB Bank has paid a dividend of GHS16.9 million to the government for the 2018 Fiscal Year.
The cheque was presented to Mr Ken Ofori-Atta, Minister of Finance by the Managing Director of GCB Bank, Mr Anselm Ray Sowah at a short ceremony…
Ghana is set to make billions of dollars from other tree crops aside from cocoa following the successful implementation of the Planting for Export and Rural Development, the Minister of Food and Agriculture, Dr. Owusu Afriyie Akoto, has …
Sometimes, rejection can be a blessing in disguise. Yes, that's truly annoying advice for someone who's recently been rejected, but honestly, it did work out well for Travis Grillo, founder of Grillo's Pickles. After being turned down for …
Maphlix Trust Ghana (MTG) Limited has begun a search for strategic investors to help establish a $6million factory in the Ketu North District in the Volta Region to process about 20 million tonnes of sweet potatoes every year into variou…
In a drive to empower the digital lives of customers, Vodafone has partnered Samsung to launch a new smartphone campaign.
According to a statement from Vodafone Ghana copied to the Ghana News Agency, the move reflects the strong relatio…
The Ghana National Gas Company Limited has announced that civil engineering works being done on the relocation of the Karpowership from Tema to the Sekondi Naval Base in the Western Region would be completed at the end of August this year.…
Samsung's first foldable smartphone will go on sale in September after problems with the device delayed its initial release.
The April launch of the Galaxy Fold was postponed after early reviewers reported broken screens.
Samsung sai…
The West African Mills Company, (WAMCO) has made two million dollar profit after its comeback within a period of one and half years.
The factory, which became redundant and laid off hundreds of its workers for lack of cocoa beans was re…
Japanese car giant Nissan has said it will cut 12,500 jobs around the world, more than double the amount previously announced.
It will reduce its production capacity and the number of models it produces by 10% by the end of 2022, but it…
The Bank of Ghana (BoG) has endorsed measures by the Ministry of Finance to cap the amount of domestic bonds that foreign investors can hold as part of efforts to reduce the vulnerabilities that the economy endures.
The Governor of Bo…
The Brakwa Breman Rural Bank Limited has applauded its shareholders for their continuous support and understanding as they continue to make untiring investments into the capital base of the bank.
Mr. Anthony Effah, Chairman of the Board…
OPEC has shifted the goalposts for assessing an overhang in oil inventories, giving the group more room to prolong production cuts, while analysts warn the move will offer a distorted view of market conditions.
Ever since the Organizati…
Facebook will pay a $5bn (£4bn) fine to settle privacy concerns, the US Federal Trade Commission (FTC) has said.
The social network must also establish an independent privacy committee that Facebook's chief executive Mark Zuckerberg wil…
Leading Global B2B Ecommerce Platform Introducing New Seller Enablement Functions, Including U.S.-to-U.S. Transactions, New Ecosystem Participants, and a Nationwide Tour of “Build Up” Events to Help Small Businesses Go Live
Alibaba.com,…
Standard Chartered on Monday announced another first banking feature in the Ghanaian market.
In its continued efforts to meet the rising demands of Ghana’s young and digitally-savvy population, the Bank has launched Ghana’s first Socia…
The Atwima Mponua Rural Bank Limited, has pledged to continually provide excellent banking services to its customers and ensure progressive optimal performances that would benefit shareholders.
Mr. John Swanzy, the Chairman of the Bank,…
Zeepay, a leading African financial technology (fintech) company, intends to reach more than 150 million mobile money wallets in 20 African countries.
The Company aimed to partners global remittance giants to transfer monies directly to…
The Tema Oil Refinery (TOR) says the purported GHs 186,349 loss incurred in four months by the refinery is mainly charges it incurred on legacy debts.
A statement signed by Mr Daniel Appiah, General Manager-Finance, stated that "the amo…
The FBNBank Ghana, a subsidiary of First Bank of Nigeria Limited has announced the appointment of Mr Victor Yaw Asante as its new Managing Director (MD) following the approval of the Bank of Ghana.
Mr Asante replaces Gbenga Odeyemi who …
SqwidNet, the licensed Sigfox IoT network operator in South Africa, recently hosted its second IoT Entrepreneurship Program (IoT)E pitch day. Seven finalist groups, selected from a group of 60 prospective entrepreneurs and ICT business own…
Ghana law firm, Sam Okudzeto & Associates, signed a collaboration agreement with Andersen Global, marking Andersen Global’s presence in 13 African countries and over 51 countries worldwide.
Located in the capital of Accra, Sam Okudzeto …
The African Investment Forum’s new digital platform will connect project sponsors with investment opportunities in Africa, vastly improving the quality of project information and documentation.
The Platform, as it is known, also provide…
MTN Ghana advanced by 1.41%, pushing the benchmark index up by 5.46 points (+0.23%) to close at 2,346.41 with a -8.78% year-to-date return while market capitalization increased by 0.09% to settle at GH¢58.23 billion.
Financial stocks …
Inside an expansive warehouse at the National Agricultural Export Development Board (NAEB), it is a beehive of activity on a Wednesday morning.
Workers carry plastic crates full of vegetables and fruits, while others are sorting t…
US high net worth individuals and business owners are expressing growing intentions to invest as US markets continue to hit record highs in 2019, according to UBS Global Wealth Management's new quarterly Investor Sentiment survey.
The s…
The Country Director of Ecom Ghana Ltd, Mr Muhammed Muzzammil, has urged Ghanaian cocoa farmers to embrace modern ways of farming if they want to increase their yield.
He explained that although the farmers were working very hard to e…
Children’s educational needs: Standard Chartered Bank, Prudential Life Insurance offer solutions to parents
Standard Chartered Bank Ghana Limited and Prudential Life Insurance Ghana have launched savings and educational plans designed…
The Tema Development Company Ltd (TDC) has allocated a 60-acre land to Sentuo Group Limited for the construction of a modern industrial and commercial hub under the government's One district, One factory (1D1F) programme.
The piec…
Huawei has cut more than 600 jobs at its US research unit Futurewei after Washington put the Chinese firm on a trade blacklist.
The telecoms giant said the job cuts were due to "the curtailment of business operations caused by the US".
…
The International Monetary Fund (IMF) has cut its growth forecasts for the global economy for this year and next.
It predicts growth of 3.2% in 2019, down from its April forecast of 3.3%. Growth next year is set to pick up to 3.5% next …
The Ghana Cocoa Board has dismissed a report suggesting that Ghana failed to secure buyers for its 2020/2021 cocoa beans.
According to the report by Bloomberg, Ghana failed to secure buyers last Wednesday due to the “high” price of th…
The Ghana Community Network Services Limited (GCNet) has been adjudged the Trade Facilitation Organisation of the Year for the third consecutive time at the Ghana Shippers Awards recently held in Accra.
The company was also recognised a…
The Koforidua Branch of the Social Security and National Insurance Trust (SSNIT) has recovered a total of Gh¢ 5.1 million as arrears from employers who had not paid contributions for their workers since January this year .
The exercise…
Eighteen (18) entrepreneurs from the Upper West Region have been selected to benefit from the government's flagship "National Entrepreneur and Innovation Programme NEIP".
They are part of the 12,000 entrepreneurs, nationwide, to receive…
Dr Manfred B. Ewool, Senior Research Scientist and Maize Breeder at the Crops Research Institute (CRI) has said that the Institute, with support from the World Food Programme, has targeted about 7,500 farmers for the production and dissemi…
Vice President Dr Mahamudu Bawumia has told Canadian investors that Ghana has the best investment environment in Africa for both local and foreign investors.
He said Ghana did not only have stable political and security environment, but…
Word from the Secretary General
We recently held our 8th Aviation Stakeholder’s convention which took place in Mauritius and brought together more than 300 delegates from across the globe to stimulate dialogue, build sustainable network…
The Managing Director of the National Investment Bank (NIB) Mr. Samuel Sarpong is confident the bank will soon experience a rebound in its operations and take an enviable place in the banking industry. Mr. Sarpong said this at recently hel…
Weekly Highlights
Producer Price Inflation rose to 7.6 percent in June.
Economic sentiment witnessed recovery.
Money Market Returns remained relatively stable.
GSE closed on a positive note.
Ghana cedi advanced against the Br…
Mobile Telecommunication Network (MTN) has been declared the Fastest Mobile Network, Best Coverage Network and the Best Mobile Network in Ghana based on Ookla’s Speedtest Data from Q1-Q2 2019.
Ookla is a global leader in mobile and broa…
The African Development Bank re-affirmed its intention to boost economic and regional development on the African continent when its Board of Directors approved a $300 million support facility for the Eastern and Southern African Trade & De…
It has emerged that the Ghana Police Service does not have a digital forensic laboratory that will be used for forensic examinations on exhibits retrieved in the course of investigations.
The absence of the facility has deprived the P…
For the first time since taking office in April 2017, the Governor of the Bank of Ghana (BoG) and Chairman of the Monetary Policy Committee (MPC), Dr Ernest Addison, has openly expressed worry about the fiscal position of the country, expl…