BOK African Concern, a Berekum-based Non-Governmental Organisation(NGO)has officially handed over two community projects to the chiefs of Senase in the Berekum Municipality and Masu in the Dormaa Central Municipality of the Bono Region.
…
The Ministry of Finance has launched three policy initiatives designed to deepen financial inclusion and accelerate the shift to digital payments.
As part of the launch, the Ministry presented the government's vision of building a highl…
April’s inflation rose to 10.6 percent.
Yields on short-dated treasury securities trimmed.
Ghana Stock Exchange closed in the red as investors reacted to the dividend suspension.
The Ghana Cedi sustained its year-to-date appreci…
Risk managers expect a prolonged global recession as a result of the coronavirus pandemic, a report by the World Economic Forum showed on Tuesday.
Two-thirds of the 347 respondents to the survey - carried out in response to the outbreak…
Uber has announced a drastic action plan to scale back its business as its losses balloon amid pandemic lockdowns.
The firm said it would cut 3,000 more jobs, bringing the total reductions in recent weeks to a quarter of the workforce.
…
The number of people claiming unemployment benefit in the UK soared to 2.1 million in April, the first full month of the coronavirus lockdown.
The total in April jumped by 856,500, the Office for National Statistics (ONS) said.
Befor…
Tullow Ghana has announced the appointment of Mr Wissam Al Monthiry as its next Managing Director.
Mr Wissam Al Monthiry replaces Kweku Awotwi as Managing Director of Tullow Ghana and Executive Vice President of Tullow Oil plc. He wil…
European stock markets rose on Monday and oil prices climbed to their highest in as much as two months as a loosening of coronavirus shutdowns boosted market sentiment, even though the deadly outbreak has yet to be fully contained.
Warm…
SoftBank Group Corp said on Monday that Alibaba co-founder Jack Ma will resign from its board, in the latest departure by a high-profile ally of CEO Masayoshi Son.
The departure of Ma, who retired as Alibaba’s executive chairman in Sept…
Ghana Link Network Services Limited in collaboration with the Ghana Revenue Authority (GRA) and the Ghana Ports and Harbours Authority (GPHA) has successfully conducted a simulation exercise for the new Integrated Customs Management System…
Operators of the newly introduced port clearance platform, the Integrated Customs Management System (ICUMS), also known as Uni-Pass, say they have made significant progress with the system’s rollout at the Tema Port.
This follows the …
The National Commission for Civic Education (NCCE) on Saturday commended efforts by stakeholders in the fight against the spread of COVID-19 saying there is the need for coordinated teamwork and sharing of resources by non-essential instit…
The concerned Farmers Association of Ghana have commended the government and the Ministry of Food and Agriculture (MOFA) for the swift interventions in the rice industry, which has brought the industry to an appreciable level.
The comm…
COVID 19 Rebound: We are building Entrepreneurs and supporting financial Inclusion through Xpress Point Agents – Ecobank
The aim of the Xpress Point is to let every Nigerian and household have access to Ecobank services within their neo…
Stock Market Highlights
•This week, the benchmark index dropped to a new year low, then rose marginally to 1,983.83 with a -12.11% year-to-date return. This week’s performance was due to losses in six counters in the banking, insurance,…
Fund Unveils COVID-19 Guarantee Facility Aimed at Reducing Financial Uncertainties Resulting from the Pandemic
African Guarantee Fund (AfricanGuaranteeFund.com) for Small and Medium-sized Enterprises (AGF), has today announced its COVID…
Five Mining contracts were signed with three different companies and follow the conclusion of the country’s first mining bidding round last year, EG Ronda 2019
The Ministry of Mines and Hydrocarbons has signed the very first min…
Minister of Mines and Hydrocarbons, H.E. Gabriel Mbaga Obiang Lima, also paid tribute to Saudi Arabia, the United Arab Emirates and Algeria for going above and beyond their obligations
Equatorial Guinea has announced that it is …
Without Governments’ Flexibility on Oil Personnel Movements, Oil and Gas Production Across Africa Will Be Severely Impacted
The African Energy Chamber is urging all stakeholders to put the safety of oil workers and the ability of oil co…
Digital Afrique Telecom (DAT) launches a Smart delivery app to simplify businesses order and delivery process
This Smart delivery application allows each customer to place an order based on the available stock and select its date and pl…
Market Performance
Top Trades by Volume
Top Trades by Value
Gainers & Losers
Market Summary
The benchmark index closed the week 58.22 points (-2.85%) lower at 1,983.83 with a -12.…
In a middle income country like Ghana where the development of Small and Medium Scale Enterprises (SMEs) is pivotal to socio economic development, the growth and survival of these enterprises becomes very crucial.
SMEs in Ghana represen…
For Africa, the COVID-19 pandemic is turning into a wake up call to find better ways to industrialize, chief amongst them being access to reliable, cheap and clean energy
As global markets think of the post-Covid-19 world and ho…
‘Equal by 30’ engages public and private sector companies and organizations to target equal pay, leadership and opportunities for women in the clean energy sector
The ‘Equal by 30’ campaign centers on driving female participatio…
The UN Economic Commission for Africa is helping to bring unique African products and their promoters to the platform in a practical COVID-19 response move
Imagine using one second to sell three thousand (3000) bags of a coffee produce …
Japan has fallen into recession for the first time since 2015 as the financial toll of the coronavirus continues to escalate.
The world's third biggest economy shrank at an annual pace of 3.4% in the first three months of 2020.
The c…
The GH¢600 million stimulus package meant to cushion businesses from the negative impact of the coronavirus disease (COVID-19) is to be launched by President Nana Addo Dankwa Akufo-Addo on Monday, May 18, 2020.
Disbursement of the fund …
Businesses operating in nine selected sectors of the economy are the ones to benefit from the GH¢600 million stimulus package meant to cushion micro small and medium enterprise (MSME) from the negative impact of the coronavirus disease (CO…
Plans are afoot for the country to, for the first time, have a Beneficial Ownership Register (BOR) by October this year.
The register, when developed, will be accessible on the website of the Registrar-General’s Department (RGD)
Ac…
The New York Stock Exchange will reopen its trading floor to some brokers on May 26, following two months of closure due to the coronavirus pandemic, according to president Stacey Cunningham.
The NYSE will reopen its facility to “a subs…
Whenever tragedy strikes, many people pitch in to help, but there are often a few less-than-honest people that show up to try and make money off the tragedy.
The Federal Trade Commission (FTC) warns that the U.S. is crawling with corona…
The airline industry is not likely to recover to pre-coronavirus levels for at least the next six to 12 months, Southwest Airlines Co (LUV.N) Chief Executive Officer Gary Kelly said on Thursday.
The COVID-19 pandemic has brought a virtu…
The Ghana Revenue Authority (GRA) says no changes have been made to the Benchmark Value Policy (discount policy) and that it continues to be implemented as originally announced by the Vice President, Dr Bawumia.
In a statement the…
The Ghana Revenue Authority says there are no plans to introduce new taxes to be levied on power consumption, especially in the midst of the COVID-19 pandemic.
A statement copied to the Ghana News Agency said the supply of electri…
The Bank of Ghana has kept the policy rate unchanged at 14.5 per cent, citing risks to inflation outlook following the recent jump in inflation rate in April.
“The recent rise in inflation is projected to peak in the second quarte…
COVID-19 has required small businesses across the world to act quickly and implement their emergency business plans. And if they haven’t, most businesses are currently in the throes of learning to adapt and create plans on the fly.
What…
The Ghana National Chamber of Commerce and Industry (GNCCI) has urged government to consult with financial industry players to make known the modalities for accessing the three billion Ghana cedis syndicated loan by large enterprises.
…
Mr Charles Afari, a Mason and farmer said the Covid- 19 pandemic has boosted the demand for farm produce, which led to increase in prices of farm produce with more profit to farmers.
Speaking to the Ghana News Agency (GNA )in an intervi…
The coronavirus pandemic has thrown tens of millions of people into financial turmoil. But not everyone is feeling the pinch. Not yet, at least.
Roughly a quarter of Americans (24%) said the coronavirus crisis has not impacted their fin…
Germany's economy shrank by 2.2% in the first three months of this year as the coronavirus pandemic pushed it into recession, official figures indicate.
It was the biggest quarterly fall since 2009, when the country was engulfed in the …
The Ghana Union of Traders’ Associations (GUTA) on Thursday called for the setting up of a committee of relevant stakeholders to come up with a workable plan for disbursing government’s stimulus package among the business community.
…
The new partners will help Visa protect millions of additional digital payments from fraudsters and reduce friction for merchants and consumers
Visa Inc. (NYSE:V) today announced that 28 new partners will be joining Visa Token Service a…
Africa - Covid-19 and Export Restrictions: The Limits of International Trade Law and Lessons for the African Continental Free Trade Area (AfCFTA)
The impact has been severe especially on those countries that lack sufficient local manufa…
Three banking and telecom counters fell on declining rates, lowering the GSE Composite Index by 30.11 points (-1.45%) to close at 2,043.11 with a -9.48% year-to-date return while the market capitalization decreased by 0.57% to settle at …
One of the fastest growing digital payments markets in Africa, Ghana, gives the digital revolution a new meaning. The unprecedented growth of the digital economy in Ghana in recent years, especially its penetration in rural areas, speaks o…
Absa Bank Ghana deploys 50 new iATMs as it increases withdrawal limit to support customers during COVID-19
Absa Bank Ghana has deployed 50 new Intelligent Automated Teller Machines (iATMs) to enhance its ATM services and provide conv…
DLA Piper South Africa has advised FirstRand Bank Limited, the largest financial institution group in Africa, on the acquisition by its subsidiary, First National Bank Ghana Limited (FNB Ghana), of GHL Bank Plc (GHL Bank) from Harborough L…
Laureates from Brazil and Spain to receive UNESCO King Hamad Bin Isa Al-Khalifa Prize for their use of AI in education
The two winners of the 2019 UNESCO King Hamad Bin Isa-Al Khalifa for the use of ICT in Education are the Letrus Writi…
Downward price movements in four financial and telecom counters tumbled the benchmark index by 65.48 points (-3.20%) to close at 1,977.63 with a -12.38% year-to-date return. The market capitalization decreased by 1.24% to settle at GH¢54…
We are calling on our spirit-filled community of Fire Starters across the world to gather around the fire once again!
Register for free access now and join us on May 30, 2020, our traditional festival weekend. We are keeping the magic o…
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