A US move to put Huawei on a trade blacklist "sets a dangerous precedent" that will harm billions of consumers, the firm's top legal officer said.
Speaking at a press conference, Song Liuping said the trade ban would also "directly harm…
Ghana Cocoa Board (Cocobod) plans to issue up to two billion dollars in bonds to pay off some legacy debts on its books, Mr Ray Ankrah, Deputy Chief Executive Finance, has said.
Speaking at a meeting with executives of Standard Bank Gro…
The International Air Transport Association (IATA) released data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs), fell 4.7% in April 2019, compared to the same period the year before. This co…
Cargill has released its2017/2018 Cargill Cocoa & Chocolate Sustainability Report showing the footprint of its commitment to achieving supply chain traceability, empowering cocoa farmers, and tackling pressing issues such as deforestation,…
Cargill has released its2017/2018 Cargill Cocoa & Chocolate Sustainability Report showing the footprint of its commitment to achieving supply chain traceability, empowering cocoa farmers, and tackling pressing issues such as deforestation,…
Mr Maxwell Akandem, Chief Executive Officer of Akandem Farms has appealed for support for small holder farmers to shift away from old ways of subsistence farming.
He said there was the need to move away from farming for consumption to a…
The Ghana Cocoa Board on Tuesday announced that the purchases of the 2018/2019 main crop cocoa season would cease at close of business on Thursday, May 30, 2019.
A statement issued and signed by Mr Joseph Boahen Aidoo, the Chief Executi…
Professor John Victor Mensah, a Professor of Development Economics at the School for Development Studies (SDS) of the University of Cape Coast (UCC) has advocated for the building of livable, capable, secured and competitive communities in…
Mr. Kwabena Okyere Darko-Mensah, the Western Regional Minister has called on the Jubilee Partners (Tullow /ENI) to as a matter of urgency implement the proposals in the spatial plan for the six coastal districts to ensure growth and develo…
Mr Anselm Ransford Adzetey Sowah, the Managing Director of GCB Bank, has revealed that the Bank plans to expand its operations into the West Africa sub-region, beginning with the English-speaking countries.
A statement from the Bank to …
GCB Bank Limited has introduced the 'EasyPick Promotion' to provide a convenient and affordable shopping experience to its salaried customers.
A statement from the Bank to the Ghana News Agency, said the promotion was opened at selected…
Market Summary
Cal Bank Limited advanced by 6.25% on news it will deploy 2,000 agents for its agency banking strategy. Consequently, the GSE Composite Index gained 1.16 points (+0.05%) to close at 2,445.22 with a -4.94% year-to-date r…
Companies intend to spend 51% more to detect and prevent financial crime; cloud-based data and technology the top choice, followed by Artificial Intelligence (AI) and Machine Learning (ML).
Refinitiv, one of the world’s largest provider…
Altran, the global leader in Engineering and R&D services, today announced it is using Wind River Titanium Cloud [1] to develop an end-to-end network functions virtualization (NFV) solution. By incorporating NFV in the data center and at …
Key to enabling African economies to make the most of their opportunities is developing infrastructure in the region. Across the continent, new laws are being implemented and alternative sources of infrastructure funding are being sought i…
Canada-based financial analyst and investor, Mr Richard Gorab, has termed the most recent banking sector reforms by the Bank of Ghana (BoG) as a step in the right direction.
He said although the action might seem harsh and harmful to …
Ecobank Ghana has deferred the payment of its 2018 dividends to shareholders to future growth in a bid to build its reserves after meeting the GH¢400 million minimum capital requirement.
Though the bank recorded a profit after tax of …
The GCB Bank lost almost half of the deposits it inherited from the UT Bank and the Capital Bank to panic withdrawals, four months after absorbing all the liabilities and selected assets of the collapsed banks, its Deputy Managing Director…
Tullow Ghana Limited (TGL) plans to pump in investments worth $250 million in its operations in 2019.
The planned investment is in line with the vision of the parent company, Tullow Oil plc, to scale up its investments within Africa.
M…
MacKenzie Bezos, the ex-wife of Amazon boss Jeff Bezos, has promised to give half her fortune to charity.
She joins billionaires such as investor Warren Buffett and Microsoft founder Bill Gates in the Giving Pledge.
The pledge was st…
Fidelity Bank Ghana Limited, the CIMG Bank of the Year, has reiterated its strong commitment to partnering the Asantehene Otumfuo Osei-Tutu II and key institutions towards developing the nation.
A statement from the Bank to the Ghana Ne…
The Bank of Ghana (BoG) has received GH¢900 million to undertake a clean-up of the troubled microfinance sub-sector of the financial services industry.
The move is part of cleaning up the GH¢7 billion debt crisis that has hit a large …
The National Lottery Authority (NLA), in collaboration with the Nation Builders Corps (NABCO) Secretariat, has trained a number of graduates on Solar Panels Installation and Maintenance as part of the NLA Solar-powered e-Kiosk Project.
…
Kinaya ventures launches spring fellowship, an accelerator program that will bring traction for tech-enabled startups, and the opportunity to enter into new markets.
A Research and Development (R&D) programme dedicated to identifying su…
The Ghana Statistical Service (GSS) estimates that it could cost the country around GH¢500 million to conduct a National Census in 2020 to determine the number of persons living in the country and the kind of houses they reside in.
Th…
The Monetary Policy Committee of the Bank of Ghana kept the policy rate unchanged at 16 per cent for the second session in a row, citing rising inflation expectations in emerging economies.
Addressing a press conference in Accra on Mond…
Austrian President Alexander Van der Bellen has said Ghana currently ranks as the most important destination in Africa for Austria and Austrian businesses.
He said the management of the Ghanaian economy, especially over the last two yea…
Vodafone Egypt deploys Nokia Subscriber Data Management over telco cloud for faster rollout of LTE services
Vodafone Egypt can consolidate data across different networks with Nokia Subscriber Data Management (SDM)
Deployme…
Glo Mobile Ghana has introduced new products aimed at giving telecommunication subscribers in Ghana, additional value to significantly improve their communication experience.
The products are for voice and data subscribers.
They ar…
The GSE Composite Index moderated by 12.62 points (-0.52%) due to downward price movement in two counters in the telecom and agro-processing sectors to close at 2,444.06 with a -4.98% year-to-date return while market capitalization decli…
Lifestyle brand to open in Cape Town’s vibrant Longkloof precinct
Hilton (NYSE:HLT) (www.Hilton.com) today announced the signing of a management agreement with Growthpoint Properties, South Africa’s largest REIT, to open a hotel under i…
Frank Omondi is a wildlife biologist turned entrepreneur. His desire to lead a business that makes a positive impact on the community led him to become the managing director of Ten Senses Africa, a fair trade cashew and macadamia nut proce…
Oil rose to about $69 a barrel on Monday, supported by Middle East tensions and OPEC-led supply cuts, though concern over the U.S.-China trade dispute and global economy capped gains.
Supply cuts - both voluntary by the Organization of …
Narendra Modi has secured a historic second election victory.
Indian stocks and the rupee rose to welcome the news: another parliamentary majority for the BJP party could grant Mr Modi the opportunity to make promised reforms a reality.…
CAL Bank Limited is targeting to register 2,000 agents to operate under its agency banking initiative which has already been rolled out.
This is part of measures the bank is deploying to help drive financial inclusion and grow its for…
Mr Dennis Baidoo, the Marketing Manager of the Ghana National Petroleum Corporation (GNPC), a strategic commercial vehicle marketing the nation's oil, said transparency, although expensive, had made the Corporation vibrant in its operation…
Abidjan, Côte d’Ivoire, May 21, 2019 – The African Development Bank has commissioned a study into the contribution of the jewelry manufacturing industry and its potential for job creation for women and youth in Sierra Leone, Zimbabwe and t…
Mr Daniel Kwame Gariba, the Builsa South District Chief Executive, said the Assembly would soon benefit from a rice processing factory, to be established at Fumbisi, to help add value to the produce and address post harvest losses.
The …
Mr Kofi Nti, the Commissioner-General of the Ghana Revenue Authority (GRA), has said the Authority would soon introduce an e-payment platform for tax payers in the informal sector to make tax payment simple and convenient.
He said this …
The Ghana Community Network Services Limited (GCNet) has rolled out an advanced version of the Manifest Document to facilitate fast clearance of goods at the ports.
The Document, with international standard features, is intended to ensu…
The local gas market is relatively small, but has significant potential to transform the economy, Mr Hamis Usif, Manager, Gas Business, Ghana National Petroleum Corporation (GNPC), has said.
He noted that the local gas market was relati…
Unilever Ghana Limited realized a 10 per cent growth in revenue from GHC 575 million in 2017 to GHC632 million in December 2018 . The company's operating profit before tax stood at GHC 250 million representing 283 per cent increase over 20…
Market Performance
Market Indices Trend
Top Trades by Volume
Top Trades by Value
Gainers & Losers
Market Summary
Gains in four counters in the telecom and banking sectors pushed the benchmark index up…
Coca-Cola is the only food and beverage brand ranked in the top five most admired brands in Brand Africa’s 7th annual Brand Africa 100: Africa’s Best Brands.
Coca-Cola was named as the fourth most admired brand in Africa, based on the o…
Global engineering and infrastructure advisory company Aurecon has established a new Capital Program Assurance (CPA) unit to help clients better manage risk, reduce ballooning project costs, and safeguard the value of assets.
Independen…
As the weeks unfold, the Ghanaian stock market is showing some signs of recovery amid positive macroeconomic indicators. The GSE Composite Index closed 161 basis points higher than the previous week as analysts continue to remain optim…
The Ghana Export Promotion Authority (GEPA) has put key strategies in place to increase its market share on the export market and attract foreign exchange into the country.
It is currently supporting non-traditional commodities such as …
On 1 January, when Brazil's far-right president Jair Bolsonaro took office, many in the country were concerned that the divisive politician would not be able to bring the country together.
But one sector was almost unanimous in praising…
The General Manager of the Power Distribution Services (PDS), Tema Region, Mr Joseph Forson, has denied claims that they have waived Gh¢111 million owed them by some consumers in Kroboland in the Eastern Region.
Instead, he explained …
Barclays gives emerging Ghanaian artists a lifetime opportunity through the Absa L’Atelier competition
Counting some of Ghana’s most prolific artistic talent among its past entrants, Barclays Bank Ghana’s parent company, Absa Group, has…