Dr Ernest Addison, Governor of the Bank of Ghana, says businesses need to take action to develop resilient and innovative strategies to achieve long-term value and sustainability.
He said the knock-on effects of COVID-19 differed marke…
The Market-Oriented Agriculture Programme in North Western Ghana (MOAP-NW), has trained a total of 85 seed producers and seed inspectors on quality seed production and regulations.
The week-long training, which was in partnership with t…
Weekly Highlights
Ghana’s economy grew by 3.1 percent in the 1st quarter of 2021
Yields on 91-Day and 182-Day T-Bills moderated.
Accra Bourse tumbled on profit taking activities.
Ghana cedi advanced against the three major trading…
JW Player [1], the leading video software and data insights platform, today announced it has raised $100M in Series E funding from LLR Partners. The latest investment comes on the heels of record video streaming growth and strong profitabi…
Standard Bank Group was on Wednesday named African Bank of the Year by a leading publication in recognition of the banking giant’s achievements in fighting the Covid-19 pandemic and empowering women.
African Banker (bit.ly/2T1pgvl) maga…
Enterprise Life, the leading life insurer in Ghana and a subsidiary of the Enterprise Group has once again ignited its prowess of innovation.
Having pioneered the sale of funeral insurance in Ghana and introduced the first ever altern…
Dr Ernest Addison, the Governor of the Bank of Ghana, says the Bank will continue to provide strong policy support for growth recovery and the economic revitalization process under the CARES programme.
He said in that direction, monetar…
On June 7, 2021 Bloomberg announced the launch of its inaugural global cohort of public and private sector innovators and entrepreneurs coined Bloomberg New Economy Catalysts.
Ghanaian Co-founder and CEO of Farmerline, Alloysius Attah w…
The Minister of Communication and Digitalisation, Mrs Ursula Owusu-Ekuful, has assured Ghanaians that the upcoming SIM card re-registration exercise will weed out all fraudsters and criminals in the mobile money space.
She said despite …
Cost pressures on UK firms have gone up at a record level, suggesting that the current surge in consumer prices may be more than just a blip.
A closely watched survey, produced by IHS Markit/CIPS, showed input costs rose at the fastest …
Chairperson of the Agribusiness Sector at the Association of Ghana Industries (AGI), and CEO of Africa Brand Warrior, Fatima Alimohamed, says getting a “national branding” strategy remains one of the major hurdles Ghana needs to cross if t…
The lack of prescribed storage facilities for foodstuff, resulting in post-harvest losses remains a barrier to the growth of the agriculture sector, a multi-country study in Ghana and Kenya has revealed.
The study, which sought to analy…
More than 1,300 women have been trained in soap production between 2020 and 2021 as a key strategy to gender empowerment and inclusion in communities in the Bono and Bono East Regions.
The training, a support programme, includes a g…
The Organisation of African, Caribbean and Pacific States (OACPS) says its members cannot address the fight against tax avoidance or money laundering and terrorist financing.
Mr Georges Rebelo Pinto Chikoti, Secretary-General of OACPS, …
Kumasi, Ghana's second-largest city, has been selected as one of the 50 Champion Cities under the 2021 Global Mayors Challenge, a project seeking to reward cities for their innovativeness in the wake of the COVID-19 pandemic.
The projec…
The Forestry Industries Association of Ghana (FIAG), a coalition of private operators in the forestry sector, has appealed to government to ensure the rational allocation of resources to make production systems in the sector work efficient…
The World Bank Migration and Development Report for 2021 has reported an increase of 5 per cent to $3.6 billion in remittances flows to Ghana despite the lockdown in many of the remittances sending countries.
Host countries for Ghanaian…
The Ghana Mineworkers' Union has commended government for providing the legislative framework for the sector, but called for its operationalization to address the poor infrastructural development in mining communities.
Ghana has enacted…
EIG, a leading institutional investor to the global energy sector and one of the world’s leading infrastructure investors, today announced the closing of its previously announced transaction with Saudi Arabian Oil Co. (“Aramco”), under wh…
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…
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