South Sudan’s Ministry of Petroleum (MoP) officially launched the country’s first-ever oil and gas licensing round in Juba on Wednesday; Hosted by the MoP and attended by industry executives and international stakeholders, the event signif…
Absa Bank Ghana has announced a partnership with MoneyGram, a major reliable and trusted brand in the remittance industry, to provide remittance services to Ghanaians.
Through the partnership, both customers and non-customers of Absa Ba…
President Nana Addo Dankwa Akufo-Addo, has expressed satisfaction with work so far undertaken on the construction of a GH¢36 million watermelon juice factory, being established in Walewale in the North East Region.
Touring the facility …
The Bank of Ghana (BoG) has taken the enforcement of laws on repatriation of export proceeds to another dimension by involving the Criminal Investigations Department (CID) of the Ghana Police Service.
The move is to help the central ban…
Dr. Mustapha Abdul-Hamid has been appointed as the new Chief Executive of the National Petroleum Authority (NPA).
He is replacing Mr Hassan Tampuli who is now a Member of Parliament for Gushegu and has been designated as a Deputy Minist…
THOUGHT OF THE WEEK
INVESTMENT RISK (PART 1)
This is the probability or uncertainty of losses rather than expected returns from investment due to a fall in the fair prices of securities such as bonds, stocks etc. Every investment has…
Ghana Cocoa Board (COCOBOD) has signed an agreement with Bühler of Switzerland, one of the world’s biggest cocoa processing and chocolate making companies, to process more of Ghana’s cocoa.
As part of the agreement, Ghana will also bene…
Chairman of McDan Group, Daniel Mackorley has hinted of plans to establish a research Centre for African Trade at the University for Professional Studies Law School.
The Centre which is subject to approval will among other things serve …
China has expanded its clampdown on cryptocurrencies, telling banks and payments platforms to stop supporting digital currency transactions.
That follows an order on Friday to shut down Bitcoin mining operations in Sichuan province.
…
Britain is to start negotiations to join a free trade area which could grant businesses access to "some of the biggest economies of the present and future", the government has said.
The Comprehensive and Progressive Agreement for Trans-…
Minister for Food and Agriculture, Dr Owusu Afriyie Akoto, has been elected the first Chairman of the Steering Committee of the Ghana-Côte d'Ivoire Cocoa Initiative at its first meeting in Abidjan on Monday
The two countries unanimously…
Enterprise Group PLC has signed an agreement to acquire Acacia Health Insurance (AHI), subject to regulatory approval. The acquisition of AHI once completed, will constitute the achievement of the last of the three main deliverables in pla…
President Nana Addo Dankwa Akufo-Addo on Monday gave the assurance that government will construct a guinea fowl processing factory in the Bawku Municipality of the Upper East Region.
He said the factory would be constructed under the ‘O…
A new focus report produced by the Oxford Business Group (OBG), in partnership with the International Sugar Organization (ISO), explores the potential that Africa’s sugar industry holds for growth on the back of an anticipated rise in regi…
The Organization of African, Caribbean and Pacific States (OACPS) has commenced a high-level video seminar from June 21 to 24, 2021 on the issue of fiscal governance.
The purpose of the webinar is to enable the OACPS and its Member Stat…
A new focus report produced by the Oxford Business Group (OBG), in partnership with the International Sugar Organization (ISO), explores the potential that Africa’s sugar industry holds for growth on the back of an anticipated rise in regi…
MainOne (MainOne.net), the leading provider of connectivity, cloud and data center solutions in West Africa is set to launch the Appolonia Data Center of its subsidiary, MDXi.
The new facility which is located 20 kilometers from the ce…
The new locally-produced Nissan Navara is now available at your nearest local dealership, and with significant technical and cosmetic upgrades, it’s a step change from the previous Navara. The major upgrade includes enhancements that ensur…
The Chamber of Petroleum Consumers (COPEC), is predicting another increase in petroleum prices at the various pumps in the coming days.
COPEC wants the government to take swift actions to avert the increase. A recent hike already moved …
A Banking consultant, Dr. Akwasi Atuahene, has called on the Bank of Ghana to take action against financial institutions that fail to implement its new directives to stop deducting some charges and fees on the accounts of customers.
The…
The Accra Brewery Limited (ABL) has introduced a non-returnable bottle that will enable customers to keep the receptacle after consuming the content.
The launch of the new Club Mini bottle is part of activities celebrating the 90th anni…
Ghana is collaborating to establish a chocolate production plant in Rwanda to boost trade and investment between the two countries.
As part of the partnership, Ghana will supply processed organic cocoa in a form of coca nibs or cocoa Li…
The Agricultural Development Bank PLC (ADB) has held a customer appreciation cocktail for customers in the Ashanti region with a pledge to continue serving them with better Products and Services.
A statement copied to the Ghana News A…
In recognition of the devastating effects of the COVID-19 pandemic on African economies, the President of the African Development Bank, Akinwumi Adesina, says the bank is willing to help West African countries accelerate growth and develop…
Fidelity Bank Ghana, the largest privately-owned Ghanaian bank, has chalked an enviable milestone in its drive towards digitalizing its banking services. The Bank disclosed that over 80% of customer transactions recorded in 2020, took plac…
“Ghana has so far raised $780 million in investment inflows out of its target of $3 billion for the year 2021,” the Chief Executive Officer of the Ghana Investment Promotion Center (GIPC), Yofi Grant has said.
Speaking at a press briefi…
The Ghana Investment Promotion Centre (GIPC) will on June 23rd and 24th, 2021, hold the maiden Ghana Diaspora Investment Summit at the Kempinski Gold Coast City Hotel in Accra.
The two-day event, on the theme, “The New Normal, Leveragin…
The CEO of Ghana Investment Promotion Centre (GIPC), Mr Yofi Grant has disclosed that the country has targeted to raise $3 billion in Foreign Direct Investment (FDI) in 2021.
Speaking at a press briefing on Sunday in Accra, Mr Grant sai…
The Economic Community of West African States (ECOWAS) has adopted a new road map to launch its single currency in 2027.
Dr Jean-Claude Kassi Brou, President of the ECOWAS Commission, told a press conference that the new road map was ag…
Ghanaian businessman, Dr Kofi Amoah has disclosed the secrets behind his early success as an entrepreneur.
According to him, he faced a lot of setbacks in trying to earn his first million dollars, so he increased his target to two milli…
The Ghana Ports and Harbours Authority (GPHA) has introduced an e-payment portal system to its existing payment methods to enable clients transact business with the Authority more conveniently through a protected system.
Mr Francis Donk…
The Ghana Revenue Authority (GRA) is in the process of developing mechanisms and modalities to tax e-commerce businesses by the end of the year.
The move, which formed part of measures to widen and increase the tax net, had become neces…
The Public Interest and Accountability Committee (PIAC), says revenues accrued from upstream petroleum operations in Ghana declined significantly in 2020 as compared to 2019.
It attributed the decline to the outbreak of the COVID-19 pan…
The Head of Agribusiness at Absa Bank Ghana, William Nettey is urging budding entrepreneurs to grow their business progressively to ensure sustainability.
Mr. Nettey said doing so will ensure that their businesses are investment-worthy …
The Management and staff of the Takoradi Container Terminal (TACOTEL), the sole handler of imports and exports cargo at the Takoradi Port in the Western Region have embarked on a tree planting exercise on its premises.
It formed part of…
Mr Samuel Foli, Ho Sector Commander, Ghana revenue Authority (GRA) Customs Division, has asked Small and Medium scale Enterprises (SMEs) to take advantage of the new tax regime passed by Parliament including waivers for small scale busines…
The African Continental Free Trade Area (AfCFTA) Secretariat is developing a Pan-African Payments and Settlement (PAPSS) platform, in collaboration with the Afreximbank to enhance cross border payments.
Mr Wamkele Mene, Secretary-Genera…
Mr Wamkele Mene, Secretary-General, Africa Continental Free Trade Area (AfCFTA), has reiterated that Africa needs to industrialise to create jobs for the people.
He said Africa’s population was young and growing fast, with a population …
The Ministry of Local Government and Rural Development intends to collaborate with stakeholders to automate its revenue mobilisation using a Centralized Monitoring Dashboard (CMD) to enhance revenue collection.
The Ministry said the mo…
Dr Ibrahim Awal, Minister for Tourism, Arts and Culture has announced that the government will build a museum at Yendi as part of efforts to repackage the cultural assets of Dagbon to boost tourism in the area.
He said “It is the State …
The Ghana National Chamber of Commerce and Industry (GNCCI) has inaugurated a Nine-Member Policy and Advocacy Advisory Committee to serve as its advisory body.
The Committee will serve the GNCCI Council on matters of interest to the mem…
The fifth UK-Ghana Business Council (UKGBC) was held on 15 June 2021 and co-chaired by the Vice President Mahamudu Bawumia and UK Minister for Africa James Duddridge.
During a visit to Ghana, Minister of State Anne-Marie Trevelyan co-ch…
Vodafone Ghana has partnered video on-demand content provider, Best of Africa TV, to launch a new video streaming service to provide quality continental entertainment for Ghanaians. The Best of Africa TV (BOA-TV) service offers customers u…
There were no cross-border Initial Public Offerings (IPOs) on African exchanges in the first half of 2021 (H1 2021) according to new Baker McKenzie analysis, _H1 IPO Snapshot: Unfolding Trends for 2021. However, the continued global demand…
Vodafone Ghana’s mobile financial services, Vodafone Cash has partnered with global cross-border payments company WorldRemit to enable its customers to receive international money transfers straight to their mobile money accounts without …
Banking and Corporate Governance Consultant, Richmond Atuahene, has called for a national agenda that will encourage consensus building on the creation of viable strategies for economic growth.
Speaking on the first-ever public dialogue…
The President of Ghana National Chamber of Commerce and Industry (GNCCI), Mr Clement Osei Amoako, has inaugurated and sworn into office 14 trade sector leaders at Tarkwa to help identify and address challenges in the business of their memb…
The Second Vice President of Ghana National Chamber of Commerce and Industry (GNCCI), Mr Abass Miezah, has tasked Ghanaians to embrace the African Continental Free Trade Area (AfCFTA) as it has numerous benefits.
He said many African …
A Rwandan delegation comprising government officials and relevant stakeholders in the private sector are in the country to explore bilateral opportunities in business, tourism and economic development.
The visit is in response to an ear…
Ghana's economy recorded a growth rate of 3.1 per cent year-on-year in the first quarter of 2021 compared with 7 per cent in the same period last year.
GDP growth rate without oil and gas (Non-Oil GDP) for the first quarter of 2021 is …
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