Some beneficiaries of a Village Savings and Loans Association (VSLA) at Lanyiri in the Wa West District, are counting the benefits of the Association, which has helped alleviate their financial challenges.
They said the proceeds from VS…
Mr Sugandh Rajaram, India High Commissioner to Ghana, has urged Small and Medium-sized Enterprises (SMEs) to be more innovative to help boost their attraction to foreign investors.
Briefing the media on the last day of a five-day offic…
Unpack the opportunity and potential of a country that is making ICT investment attractive for the global market
The IDC market perspective insight analysis 'Ethiopia ICT Landscape and Future Market Opportunities' focuses on the opportu…
Global law firm Baker McKenzie’s analysis of Refinitiv data shows that mergers and acquisitions (M&A) in Ghana exhibited a solid performance in 2020, despite the slow pace of dealmaking in the first half of the year. Ghana recorded 10 dea…
Weekly Highlights
• Yields on short-dated treasury securities trimmed further.
• Accra Bourse extended bullish run into new month.
• Ghana cedi posted mixed performance against the three major trading currencies.
• Equity market…
African Development Bank assists West African countries to deliver carbon emission reductions and meet their Paris Agreement commitments
The Bank will underwrite the preparation of concept notes exploring the use of internationally tran…
ACTING’s “State of Play: African Gas” report combines the most up-to-date and accurate information on sub-Saharan African gas markets
ACTING’s inaugural report offers most comprehensive resource on Sub-Saharan Africa’s natural gas marke…
Third-quarter operating profit returns to positive at 27.1 billion yen as full-year forecasts are revise.
Nissan Motor Co., Ltd. today announced financial results for the April-December period of fiscal year 2020 and the revised outlook…
Five Chinese regulators have summoned Tesla over quality and safety issues as it ramps up production of its latest model in its Shanghai factory.
China is Tesla's largest market after the US and the electric carmaker sold 120,000 units …
Japanese technology entrepreneur Masayoshi Son has revealed that he exchanges drawings with Alibaba founder Jack Ma.
Mr Ma mostly disappeared from public view after he made comments critical of Chinese regulators in October.
During a…
The Ghana Cocoa Board (COCOBOD) is on track to meet the 50 per cent local processing target of cocoa beans produced in the country, the Chief Executive Officer, Mr Joseph Boahen Aidoo, has said.
He said the country was currently process…
Institute for Energy Security’s (IES’) review of data from the U.S. Energy Information Administration (EIA) and financial advisory and asset management firm Lazard, have revealed that generating electricity from wind and solar is more econ…
Group Chief Executive Officer (CEO) of the Databank Group, Kojo Addae-Mensah has bemoaned how everything is politicized in Ghana.
He believes such a phenomenon only discourages development.
Sharing why he was unhappy with the trend o…
Mr Sugandh Rajaram, Indian High Commissioner to Ghana, has met members of the Association of Ghana Industries (AGI) in the Eastern Region.
The meeting enabled them to discuss ways of partnership with the Indian private sector, to streng…
Mr Samuel Bekoe, Technical Consultant, Beneficial Ownership Strategic Support Team (BOSS) has advised Business owners to disclose in the Beneficial Ownership Information whether any of its Beneficial Owners are Politically Exposed Persons …
A total of 40 selected informal sector employers across the Upper West Region have been trained on the International Labour Organisation Convention 190 (ILO C190) and Domestic Workers Regulations with special focus on violence and sexual h…
The Ghana Tourism Authority has revealed that the international tourist numbers that came into the country in 2020 decreased by almost 70% percent.
The decrease has been attributed to the COVID-19 pandemic.
Speaking to Citi Business …
Land Rover is celebrating the one millionth sale of the Range Rover Sport. Sold in December 2020, the occasion is being marked with a commemorative film highlighting just some of the famous landmarks this ultimate luxury performance SUV ha…
HCL Technologies (HCL), a leading global technology company, today announced that in recognition of its recent milestone, crossing the $10B mark in Revenue for 2020, it is issuing a one-time special bonus to employees around the world. Ach…
Convenience is at the heart of every person. It’s purely human nature to be attracted to the things that make life, even for a split second, comfortable. The driving force behind the stages of development, relatively, is hinged on convenie…
Online fashion retailer Boohoo has bought the Dorothy Perkins, Wallis and Burton brands from failed retail group Arcadia for £25.2m
The deal includes the brands and online businesses, but not the 214 shops nor 2,450 workers employed in …
The price of oil has recovered to its pre-pandemic levels having hit an all-time low last year.
While demand for oil is still lower than normal, there are hopes of a speedier than expected economic recovery as vaccines are rolled out.
…
Stock Market Highlights
• Stocks were bullish this week. Gains in four counters in the banking, insurance, telecom and petroleum marketing sectors pushed the GSE-CI
up 1.38% to a new year high of 2,055.02 with a 5.84% year-to-date return…
Absa Bank Ghana has begun its 2021 ReadyToWork sessions with a renewed mandate of reaffirming its commitment to education and skills development in Ghana.
Over 35,000 students and youth were supported to upskill with the ReadyToWork pro…
BIMA, the leading provider of mobile-delivered health and insurance services has been awarded, Best Mobile Innovation for Health and Insurance in Ghana by Global Brands Magazine.
Global Brands Awards, part of the UK based Global Brands …
Rice farmers at Fumbisi and Tono in the Builsa South District and the Kassena-Nankana Municipality of the Upper East Region have attributed heavy losses on the farm to delay in harvesting due to the lack of combine harvesters.
The farme…
The month of December witnessed the slowest annual growth rate in bank advances seen in all of 2020.
That’s according to the latest summary of Macroeconomic and Financial data released by the bank of Ghana.
Total amount of loans adva…
Energy Consultant, Dr. Yussif Sulemana is calling on the government to create an enabling environment for the private sector to enter the renewable energy industry.
Government has over the years been unable to attain its renewable energ…
The Registrar-General’s Department (RGD) has given all existing businesses up to June 30, this year to provide information on the actual owners of the establishments, also known as beneficial owners (BO).
The Registrar-General, Mrs Jemi…
Market Summary
The benchmark index closed the session flat at 2,051.80 with a year-to-date return of 5.68% while the market capitalisation was unchanged at GH¢55.59 billion.
The GSE Financial Index stayed at yesterday’s level of 1,863…
Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988, “Alibaba,” “Alibaba Group” or the “company”) today announced the pricing of an underwritten registered public offering of US$5 billion aggregate principal amount of U.S. dollar-deno…
Absa Group is pleased to announce the appointment of Mrs Frances Adu –Mante as Board Chair of Absa Bank Ghana after securing the necessary regulatory approvals. Mrs Adu-Mante, who has served on the Board since September, 2017 succeeds Mr.…
With the release of the Galaxy S21, Samsung has undeniably launched its best Galaxy device to date. The Galaxy S21 series is the ultimate smartphone designed to make every day epic.
The new flagship series debuts a head-turning, iconic…
Ghana-UK joint statement on a new interim Ghana-UK Trade Partnership Agreement
On 31 December 2020, Ghana and the UK announced that they had reached a consensus on the main elements of a trade agreement that would replicate the effects …
After decades of thoughts and years of postponement, finally the African Continental Free Trade Area (AfCFTA) is up and running, affording all African countries, except Eritrea, to trade under a single market.
As citizens of Africa, we …
? The international award recognizes those companies, organizations and individuals that develop socially and environmentally responsible projects
? “Let Your Eyes Enjoy!” has improved the eyesight of more than 5,000 people since 2014.
…
HCL Technologies (HCL), a leading global technology company, today announced it has signed a five-year Digital Workplace Services Agreement with Airbus. HCL will establish a modernized digital workplace to enhance the user experience and s…
Mr Johnson Akuamoah Asiedu, the Acting Auditor-General, has urged the public to volunteer information on financial malfeasance in public institutions to the office through the "Citizen Eye Application" for prompt follow-up.
He said the …
The Ministry of Finance has released about GH¢1.2 billion as part payment for COVID-19 relief covering the free electricity and water supplied to Ghanaians to help them comply with the safety protocols.
The free electricity and water ar…
eBay has reported a jump in sales over the festive season, as coronavirus lockdowns spurred more shoppers to buy presents online.
The online marketplace saw revenues rise to $2.9bn (£2.1bn) for the three months ending 31 December 2020, …
Ghanaian legal firm Africa Legal Associates (ALA) has completed its engagement with Southern Africa consulting firm Imara Corporate Finance on the monetizing of Ghana’s gold Royalties Project, also known as the Agyapa project.
Imara is …
In order to resolve trade impasses between countries in the West African sub-region, President of the Ghana Union of Traders Association (GUTA), Dr. Joseph Obeng, has asked all stakeholders to follow the appropriate laws governing trade am…
Amidst the growing concern about the operations of Ponzi schemes in the country, the Head of Research at Databank, Alex Boahen, has reiterated the need for more investor education by the regulators.
This follows the recent conclusion by…
Mrs Jemima Oware, the Registrar-General has directed companies to provide their Beneficial Ownership (BO) information to the Registrar-General's Department (RGD) by June, 30, 2021.
She said the directive applied to businesses under the …
Ghana's baseline infrastructure such as Real Time Gross Settlement (RTGs), Automated Teller Machines (ATMs), POS Switches coupled with Mobile Money Interoperability are all aimed at achieving the digitalization of the Ghanaian economy.
…
Market Summary
The benchmark index advanced by 23.48 points on the back of MTN Ghana (2.94%) to close today’s session at 2,051.80 with a year-to-date return of 5.68% while the market capitalisation inched up by 0.44% to settle at GH¢55.5…
Over 1,000 Financial Stakeholders Participate in the Arab-Africa Trade Bridges Program Investment Pillar Webinar Aimed at Growing Regional Trade Investment and Technology Transfer
Initiative showcased key investment, trade and insurance…
Oil giant Royal Dutch Shell sank to a net loss of $21.7bn (£16bn) last year after the coronavirus pandemic caused demand to slump.
The announcement comes after two of its rivals, BP and Exxon, posted similar big losses.
Looking ahead…
The Bank of Ghana (BoG) has expressed fears that economic recovery from the havoc wreaked by the COVID-19 pandemic will take longer than initially anticipated.
It said although economic activities had picked up quite well following cont…
The 2017/2018 Ghana Census of Agriculture (GCA) has identified the need to improve the agricultural value chain systems.
It said the growth of the sector crucially depends on the coordination of activities of the various actors along th…
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