The government has insisted that all trucks that intend to cart onions to the Agbogbloshie market in Accra will be stopped at Amasaman in the Ga West Municipality.
This measure is in place ahead of plans to relocate all the onion trader…
The Institute of Directors-Ghana (IoD-Gh), a professional organisation with a focus on good corporate governance, is working on a Charter Bill for a Professional Directors Act.
The Draft Bill will ensure that the Institute has full regu…
Standard Chartered has announced the signing of a 280-million Euro Social Loan financing for Ghana to develop a section of vital highway, the Eastern Corridor, to transform the country’s transport infrastructure.
In an industry first, S…
Mobile Money vendors in the New Juaben South Municipality have appealed to the Government to institute effective measures to safeguard their operations.
The appeal comes on the back of recent attacks on mobile money vendors, leading to …
The Enterprise Group PLC recorded a profit after tax of GHS146.7 million in its 2020 financial year despite the impact of the COVID-19 pandemic.
The Group’s net income over the period reached GHS847.7 million, indicating a growth rate o…
Marriott Bonvoy, the highly awarded travel programme from Marriott International (Marriott.com), has unveiled enticing summer offers for hotel stays and dining experiences across the Middle East & Africa, including Egypt. The promotions gi…
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 12.73%
Inflation for May, 2021 7.5%
End Period Inflation Target…
A study conducted by Genesis Analytics in eight African countries - Senegal, Côte d’Ivoire, the DRC, South Africa, Nigeria, Ghana, Mauritius, and Kenya - reveals that social media platforms help accelerate economic growth and opportunity a…
Weekly Highlights
Producer Price Inflation hit 11.8 percent in May 2021
364-Day T-Bill dropped slightly to 16.34 percent.
GSE trimmed its year-to-date returns.
Ghana cedi lost grounds against three major trading currencies.
Wa…
THOUGHT OF THE WEEK
INVESTMENT RISK (PART 2)
5. REINVESTMENT RISK
This is the risk of losing higher returns on the principal or income due to the low rate of interests on the market. For example, you have a bond with a 10% return th…
United Adds 270 Boeing and Airbus Aircraft to Fleet, Largest Order in Airline's History and Biggest by a Single Carrier in a Decade
"United Next" includes addition of 200 Boeing 737 MAX and 70 Airbus A321neo as well as plans to retrofit 1…
The Minister of Finance, Mr Ken Ofori-Atta has been described as the most innovative Minister of Finance in Africa.
He was commended by the Economist magazine’s chief Africa correspondent, John McDermott, who was responding to a tweet f…
The Ghana Nigeria Business Council is establishing dialogue with Nigerians in Ghana and has therefore scheduled a series of events which are due to take place from July ending through to the end of 2021.
The move is to ensure that Niger…
The Ghana Interbank Payment and Settlement System (GhIPSS), a subsidiary of the Bank of Ghana, says there are no charges for payments made via the universal GhQR code.
Mr Archie Hesse, Chief Executive Officer of GhIPSS, said the no char…
The African Continental Free Trade Area (AfCFTA) has laid a foundation for the establishment, in future, of a Continental Common Market.
Mr Wamkele Mene, the General Secretary, AfCFTA Secretariat, said the main objectives of the AfCFT…
Binance, the world's biggest cryptocurrency exchange, has been banned by the UK's financial regulator.
The Financial Conduct Authority (FCA) has ruled that the firm cannot conduct any "regulated activity" in the UK.
It also issued a …
Ghana is no longer on the global list of high risk money laundering and terrorist financing countries, after it enacted various legislations to criminalise money laundering and fight the crime.
This was made known by global money launde…
Mobile Money agents across the country are kicking against a 10% tax being imposed on their earnings by the government.
The agents at an emergency meeting on Friday June 25, 2021, said they can no longer bear any extra financial levy on…
Two Ghanaian entrepreneurs have developed an innovative fish and vegetable farming kit that can be used anywhere, by almost anyone. The solar-powered Aquaponics Hub kit, smart sensor and mobile app was developed in response to food securit…
GIGABYTE, a world leader in computer technology, is excited to be part of MWC (Mobile World Congress) to present its products and insights on Edge computing, and be joined by innovators and decision-makers who will shape the future of 5G d…
As a form of prelude to African Energy Week (AEW) 2021 taking place in Cape Town on the 9th12th of November, the African Energy Chamber’s (AEC) (EnergyChamber.org) Executive Chairman, NJ Ayuk, will be visiting Nigeria on the 5th-10th July …
Enterprise Insurance Company Limited (EIC) in partnership with the Accident Victims Support Foundation (AVSF) on June 23, 2021, donated mobility aids worth GHS 13,225 to some road accident victims. The items were in the form of wheelchairs…
Although the aviation industry took a hard hit in 2020 and suffered its heaviest losses to date, Turkish Airlines distinguished itself with relatively good business performance. According to CAPA (Centre for Aviation, part of the Aviation …
Strong support by Franck Riester, Minister Delegate for Foreign Trade and Economic Attractiveness and Cédric O, Minister of State for the Digital Sector.
Today’s announcements directly echo the New Deal for Africa signed May 31 by leadi…
The Commercial Division of the Accra High Court has ordered the operators of the Sankofa Oil Field to preserve 30 per cent of all the revenues which will be accrued from the field until the final determination of a legal dispute relating t…
Mr Georgios Badaro, Managing Director (MD), Nestlé Ghana Limited has said the company’s ambition of making cocoa more profitable for farmers, eliminating child labour, ensuring quality and improving the transparency of its supply chain is …
Fanmilk Ghana Limited, Danone’s leading manufacturer and marketer of ice cream in Ghana, has reiterated its commitment to the Ghanaian market through the opening of a new Head Office complex.
Speaking at the inauguration, the President …
The Netherlands Development Organisation (SNV) Ghana, has launched the Green Employment and Enterprise Opportunities (GrEEn) Innovation challenge aimed at creating and supporting green businesses for the youth.
The GrEEn project has an …
The Bank of England has shrugged off concerns over a pick-up in inflation as the economy recovers from the pandemic.
Consumer price inflation hit a two-year high of 2.1% in the year to May, exceeding the Bank's 2% target.
In its late…
GOIL Company Limited's profit after tax in 2020 dropped to GHC90.03 million down by 14.5 per cent compared to the previous year.
Consequently, earnings per share also fell by 14.5 per cent In 2019 GOIL's Profit after tax stood at GH¢105…
Mr Kwamena Bartels, Board Chairman of GOIL Company Limited has revealed that GOIL's resilience in withstanding crisis is unmatched in the history of this nation.
"One good example is when the Company was placed on the divestiture list…
Mr Kwamena Bartels, Board Chairman of GOIL Company Limited has revealed that the introduction of a higher grade gasoline product, SUPER XP (RON 95) at all service stations nationwide was a game-changing development.
"Consumers' need n…
The boss of Nike has made a robust defence of the firm's business in China after facing a consumer boycott there.
Chief executive John Donahoe said "Nike is a brand that is of China and for China" in response to a question about competi…
Maize farmers and tractor operators in the Sissala area of the Upper West Region have appealed to the government to consider increasing and equipping the security personnel in the area with enough logistics for consistent patrol for adequa…
GIZ Ghana has presented 10 laptops and accounting software to Ghana Cooperative Susu Collectors Association (GCSCA) to enhance its operations, particularly for reports consolidation and monitoring.
The package, valued at GHS100,000.00, …
Hollard Ghana, an insurance company and Jumia, an e-commerce platform, have joined forces to make insurance policies easily accessible online for Ghanaians.
The Partnership is expected to provide an efficient platform, leveraging on …
Stakeholders in the Small and Medium Enterprises sector have met to discuss and explore ways to cooperate and combine their comparative expertise and resources to support the growth of Small and Medium Enterprises (SMEs) in Ghana.
The …
The Edinburgh Catalyst Regional Conference in West Africa has taken place in the Central Regional capital, Cape Coast.
The three day conference which was held from Wednesday, July 23 to Friday, July 25 at the University of Cape Coast (…
It was quite a shock to Africa Energy Chamber Executive Director NJ Ayuk – and an even bigger shock to the Chamber – that the London-based Hyve group decided to move the annual Africa Oil Week (Africa-OilWeek.com) from Cape Town, South Afr…
Panasonic Corporation has signed a brand ambassador agreement with professional women's tennis player Naomi Osaka. The period of agreement is two years starting from April 22, 2021.
Panasonic sought the agreement with Ms. Osaka after o…
As fuel prices continue to rise at the pumps, the Chamber of Petroleum Consumers (COPEC) says the situation will not change until institutions like the Tema Oil Refinery (TOR) and the Bulk Oil Storage and Transportation Company Limited run…
The new ultra-modern Liquid Bulk Terminal (LBT) in the Port of Takoradi, will receive its maiden liquid bulk cargo tanker vessel by the close of June 2021.
The terminal is Ghana's deepest in-harbour Liquid Bulk terminal.
Captain Eb…
Mr Ken Ofori-Atta, the Finance Minister, has urged the diaspora community to return home with their talents, capital, skills, and knowledge to facilitate Ghana's growth.
He implored them to return with honesty, open-mindedness, optimism…
KGL Group, a wholly-owned Ghanaian group of subsidiaries, lent support for hosting the maiden edition of the Ghana Diaspora Investment Summit 2021 organized by the Ghana Investments Promotions (GIPC).
The event held under the theme ‘The…
The African Telecommunications Union (ATU) has signed a Memorandum of Understanding (MoU) with tech giant Huawei that will see African countries and organizations build capacity for ICT transformation.
Under the agreement, Huawei will p…
The Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has advised shareholders of the nine banks whose licences were revoked to have faith in the legal process and not resort to Parliament to seek redress.
He explained that runnin…
The Ministry of Finance says the implementation of a medium-term recovery and revitalisation programme will put the economy on a sound footing and return it to pre-COVID-19 levels.
Consequently, it has assured the public that efforts ar…
The Institute for Energy Security [IES Ghana], says Ghanaians should brace themselves for continuous power outages because of a $1 billion debt owed Independent Power Producers.
According to the Institute, this is putting constraints on…
The Ghana Chamber of Construction Industry has called on the government to immediately constitute the Road Fund Board.
The Chamber said the constitution of the board would ensure its members who are owed monies as far back as 2017 are p…
More than 65,000 merchants have enrolled on the electronic payment platform through the efforts of the Ghana Interbank Payment and Settlement System (GhIPSS), a subsidiary of the Bank of Ghana, and its partner institutions.
GhQR was lau…
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