Calling all international and continental business leaders, both established and growing, whose expansion and new market strategies include the African continent. Join us at the groundbreaking 2024 Africa Shared Value and ESG Summit …
Independent energy company Vaalco Energy has joined the African Energy Week (AEW): Invest in African Energy conference as a platinum sponsor, showcasing the company’s vision for driving exploration and production in Africa.
With pla…
Scancom PLC (MTN Ghana) has held its 6th Annual General Meeting (AGM) on March 22, 2024. Over 2,000 shareholders participated in the event, which was held in person at the Grand Arena of the Accra International Conference Center and stream…
The African Development Bank (www.AfDB.org) has signed a $75 million loan agreement with Nigeria’s Indorama Eleme Fertilizer and Chemicals Limited. The loan will enable Indorama to increase its fertilizer production and develop a por…
By Michael Foundethakis, Partner, and Global Head of Project and Trade & Export Finance, Baker McKenzie Paris and Virusha Subban, Partner specialising in Customs and Trade, and Head of Tax, Baker McKenzie Johannesburg
The African Conti…
Yango Delivery, a technology company providing a platform for placing and receiving in-city delivery orders has introduced Cargo Express, its latest offering designed to streamline the delivery of large and bulky items across Africa. This…
At the recently held Mobile World Congress (MWC) in Barcelona, Telecel Ghana and Huawei Ghana signed a new framework contract to promote cooperation and partnership for providing improved network experience and coverage in Ghana.
The ne…
The Board of Universal Merchant Bank Ltd (UMB) hereby acknowledges the appointment of Dr. Joseph France as an Advisor to support the Bank in its recapitalization drive as contained in Bank of Ghana’s Press release dated 28th March 2024.
…
Standard Chartered Bank PLC has moved from a loss making position in the year 2022 to a profit position in the 2023 financial year.
From a loss of GH¢299.6 million, the bank overturned the tables to record a whopping pr…
THE government expects the third tranche of US$360 million from its programme with the International Monetary Fund to hit the accounts of the Bank of Ghana by June this year, Minister of Finance, Dr Mohammed Amin Adam, has indicated.
…
Prices of fuel at the pumps across the country are projected to be maintained in the first pricing window in April 2024.
Projections for April’s first pricing window made by the Chamber of Petroleum Consumers (COPEC) is pegging a li…
The government’s 2024 tax revenue target of GH¢143.1 billion is under threat as it seeks to find alternative ways to make up for the potential GH¢1.8 billion shortfall created due to the suspension of the 15% VAT on residential electricity…
Twenty young women entrepreneurs from the Volta and Oti regions recently participated in a two-day digital empowerment workshop titled 'Count Her In: Invest in Women, Accelerated Progress' held in Ho.
Organized by Plan International G…
Bank of Africa (BOA) Ghana, a beacon of support and empowerment for businesses and individuals alike, has once again extended its supportive hand to fend for the Muslim community during this year’s Ramadan.
The bank as part of its corpo…
Speakers at the Graphic Business/ Stanbic Bank Breakfast Meeting have cited the unfavourable and complicated tax regime, lack of investment, poor road network and poor customer service as the major challenges affecting the development of t…
THE government has committed to fully recapitalise the National Investment Bank (NIB), Governor of the Bank of Ghana, Dr Ernest Addison, has disclosed.
He said discussions in that regard were already ongoing, adding t…
Chief Executive Officers (CEOs) and key personnel of Rural and Community Banks (RCBs) have undergone specialised training in emotional intelligence to enhance leadership effectiveness and organisational performance.
The training, which…
The Chief Executive Officer of the Minerals Income Investment Fund (MIIF) has told a meeting of global investors in Canada that MIIF is ready to co-invest with investors seeking opportunities in the minerals sub-sector in Ghana.
This he…
Dr Matthew Opoku Prempeh, the Minister of Energy, on Tuesday inaugurated the newly constituted 11-member board of the Tema Oil Refinery (TOR) Company Limited in Accra and urged them to rise to the occasion.
The board includes Leon Kendo…
The Public Affairs Manager of COCOBOD, Fiifi Boafo, has attributed the decrease in production of cocoa beans to adverse weather conditions.
According to him, heavy rainfall at the beginning of the cocoa season had a significant impact o…
Plumbers and other artisans in the country have been advised to embrace new technology to ensure the safety and satisfaction of customers and safety at all times.
At a workshop for plumbers in Takoradi in the Western Region, the Preside…
Ghana is gradually becoming a net receiver of goods and services exported under the Africa Continental Free Trade Area (AfCFTA) nearly two years after piloting the guided trade initiative (GTI).
A market analysis conducted by the AfCF…
In the heart of Ghana's agricultural landscape, a silent revolution is underway involving two familiar staples - plantains and bananas.
These humble crops, cherished for their delicious taste and versatility, are now proving to be eco-w…
Nearly 70% of small and medium-sized enterprises (SMEs) in Africa invested in technology in the past 12 months to help boost growth and resilience - an indication that SMEs are embracing the positive impact of technology.
There are …
JW Marriott (https://JW-Marriott.Marriott.com), part of Marriott Bonvoy’s portfolio of over 30 extraordinary hotel brands, today unveils its second property in Kenya with the opening of JW Marriott Hotel Nairobi. Standing as the tall…
Angola’s push towards economic diversification and privatization has opened up opportunities for foreign investors, and Brazil has emerged as a highly strategic partner owing to its expertise in the oil and gas industry. Brazil’s tra…
More members of the Ghanaian business community are openly embracing the tax reforms Vice President Dr. Mahamudu Bawumia has announced his government will implement to aid Ghanaian businesses.
Following his announcement that his gover…
Agricgate Edutech Limited has launched a website to provide learning materials on agriculture to farmers and prospective farmers in Ghana.
The Project Coordinator at Agricgate, Mabel Sedem Adzimah described the platform as an innovati…
The first tranche of the $300 million World Bank funds has hit the accounts of the Bank of Ghana, sources close to the arrangement have told the Daily Graphic.
This is expected to further boost the country’s foreign international rese…
The Internal Audit Agency (IAA) has held a two-day comprehensive training session for internal auditors from various state-owned enterprises and Metropolitan, Municipal and District Assemblies (MMDAs).
The training focused on th…
Global Pharmaceutical manufacturer, Cipla, says it intends to go beyond its mandate of providing access to quality medicines by investing in the country to provide an avenue for jobs for the youth and professionals as it expands its footpr…
MACROECONOMIC INDICATORS
Q4, 2023 Real GDP Growth 3.8%
Average Real GDP Growth for 2023 2.9%
2024 Projected Real GDP Growth 2.8%
BoG Policy Rate 29.0%
Weekly Interbank Interest Rate 28.47%
Inflation for February, 2024…
The Midlands African Chamber in the United States of America is extending its reaches to entrepreneurs in Africa countries.
Karine Sokpoh, President of the Chamber, has embarked on a tour of some African countries, including Ghana and w…
Ms Sena Dake, President of the Institute of Chartered Accountants Ghana (ICAG), has urged Small and Medium Enterprises (SMEs) to engage the services of professional accountants, either full-time or part-time, to sustain their businesses.
…
The Chirano Gold Mines Ltd, Asante Gold Company, has offered scholarships to 53 needy tertiary students drawn from the company's 20 catchment communities.
This is the third offer the company in collaboration with the Chirano Sefwiman Fo…
Prudential Bank Ltd (PBL), a leading indigenous bank, has held its maiden women empowerment seminar on the theme “Empowering Women for Sustainable Business Growth”.
The event, held in Accra, was targeted at the female employees of the…
Telecel Ghana, an Africa-focused telecommunications company, has announced the revamping of the customer service chatbot it inherited from Vodafone Ghana, and plans to rename it from ToBi to Terry.
Director for Consumer Business Unit at…
Traveling is often filled with unexpected challenges and complexities, but it just got easier. Samsung Galaxy S24 series, powered by Galaxy AI, is a personal travel guide in your pocket making the experience smoother and more accessible th…
A convoy of Nissan Navara pick-ups, representing the entire range that is manufactured in South Africa, left Rosslyn plant in Pretoria, Nissan’s African LCV manufacturing hub, today on the first leg of an eight country odyssey into the int…
As the world emerged from a turbulent year that witnessed greater geopolitical conflicts, economic uncertainty, volatile job markets and disruptive technology, individuals are turning to graduate management education with a new-found focus…
The Minister of Finance, Dr Mohammed Amin Adam, has charged the Customs Division of the Ghana Revenue Authority (GRA) to put in more efforts to reduce revenue leakages at the entry points.
He stated that notwithstanding the successes ch…
With the Invest in African Energy (IAE) forum in Paris fast-approaching, it is vital to identify Africa’s leading investment prospects that will be on display and are open to private sector participation.
At IAE 2024, upstream investors…
Today, we commemorate both the UN International Day of Remembrance of the Victims of Slavery and the Transatlantic Slave Trade, and the anniversary of MIPAD.
As part of our tribute to this significant day, we proudly reveal the prestigi…
Africa Finance Corporation (AFC) (www.AfricaFC.org), the leading infrastructure solutions provider in Africa, has announced the successful close of its largest ever debt facility, a US$1.16 billion syndicated loan, attracting new len…
When it comes to hotel development across Africa in 2024, just five words tell the story, “Egypt and the Big 5”. In this context, “the Big 5” does not refer to Africa’s major wildlife attractions, (lion, leopard, rhinoceros, elephant…
Angola aims to hold and increase oil production beyond 1.18 million barrels per day (bpd) while positioning the gas sector to account for 25% of the country’s energy needs by 2025. To achieve this, government is inviting investment i…
The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has maintained the policy rate at 29 per cent, citing economic stability.
The policy rate is the rate at which the BoG lends to commercial banks.
Dr Ernest Addison, the …
Access Bank Ghana Plc, UNIDO WACOMP, and Deloitte Ghana earlier this month joined forces to equip Small and Medium-sized Enterprises (SMEs) in Kumasi with essential industry knowledge and skills, aimed at bolstering their businesses and pr…
Spark+ Africa Fund Partner Peter George will speak on opportunities in financing clean cooking solutions in sub-Saharan Africa at the upcoming Invest in African Energy (IAE) 2024 forum.
The $64-million impact investment fund finance…
Unilever Ghana PLC has appointed Mr Chris Wulff-Caesar as its new Managing Director.
Mr. Wulff-Caesar’s appointment takes effect from April 1, 2024, as he takes over from Mr George Owusu-Ansah,
The new Managing Director is an accompl…