President Nana Addo Dankwa Akufo-Addo has directed the Director-General of the National Lottery Authority (NLA), Mr.Kofi Osei Ameyaw, to go on compulsory retirement.
He has also terminated the appointment of Mr Yaw Amoakohene Baafi, the…
The 2021 Budget statement of government will be presented in Parliament later today.
The Minister for Parliamentary Affairs, Osei Kyei-Mensah-Bonsu will present the budget on the express orders of the President.
Ahead of the reading,…
MTN Ghana has introduced features on the MyMTN App that give subscribers additional bonus bundles.
Customers who use the myMTN App to purchase bundles for friends and family will receive 25% bonus on the bundles they send on their own…
Market Summary
Cal Bank (-9.64%) moderated the benchmark index by 4.79 points (-0.22%) to close at 2,203.16 with a year-to-date return of 13.47% while the market capitalization decreased by 0.09% to settle at GH¢57.01 billion.
Accordi…
Rolls-Royce has enough funding to weather the crisis in the aviation industry caused by the pandemic, its chief executive said on Thursday, after the engine maker plunged to a record 4 billion pound ($5.6 billion) underlying loss for 2020.…
The Trades Union Congress (TUC), two academics and a section of the public say they expect the government to introduce innovative measures to support private businesses, invest in energy sector infrastructure and increase spending on socia…
M&S will start selling clothes from 11 rival brands on its website this spring in a bid to boost its online sales.
Marks said the move to sell items from Hobbs, Joules, Phase Eight and White Stuff from March was part of its ongoing "tra…
36 out of 55 countries on the African Continent have deposited their instrument of ratification with the African Continental Free Trade Agreement (AfCFTA).
This means these countries have legally accepted to open their markets, reduce b…
Professor Wisdom Akpalu, Director, Environmental and Natural Resource Research Initiative (ENRRI-EfD Ghana), has called for pragmatic steps to address challenges in Ghana's fisheries sector to save the country's fishing industry.
"There…
The year-on-year inflation rate rises to 10.3 percent in February 2021 compared to 9.9 percent, the previous month, the Ghana Statistical Service said on Wednesday.
The rate is 0.4 percentage point higher than the rate for January.
…
Aircraft-engine maker Rolls-Royce posted a huge loss last year due to the collapse in air travel, but it told the BBC "the worst is behind us".
Boss Warren East said 2020 had been "unprecedented", with the company making a loss of almos…
Members of the Sea-Freight Pineapple Exporters of Ghana (SPEG) are demanding an immediate renewal of their licenses to enable them export their produce to the international market.
At an emergency meeting the members resolved that if th…
Agrihouse Foundation, a non-governmental organisation (NGO) in collaboration with the Ministry of Food and Agriculture (MoFA), the United States Department of Agriculture (UNDA) - Ghana Poultry Project (GPP) and the National Farmers and Fi…
One of Ghana’s leading gold exporters, Goldridge Ghana Limited has signed an agreement to provide the Ghana National Association of Small Scale Miners (GNASSM) and its members logistical support to enable them formalise their operations an…
RBGH announces to the general investing public that Dr. David Dulal-Whiteway resigned from the Board of Republic Bank (Ghana) PLC with effect from 28th February 2021. His resignation is as a result of his taking on an appointment as Board …
This International Women’s Month, The Coca-Cola Company and its partners are proud to celebrate exceeding our 5by20 goal by enabling the economic empowerment of more than 6 million women around the world. 34% (just over 2 million) of those…
MTN Group has reported a very strong set of operational and financial results for 2020, displaying business resilience under COVID-19 pressures and a challenging macroeconomic environment.
Africa’s mobile operator has also announced its…
American Express (NYSE: AXP) released the American Express Travel: Global Travel Trends Report today, which provides unique insight into consumer sentiment toward travel nearly one year after the COVID-19 pandemic began. The findings in th…
Quantum Terminals PLC (QTPLC) announces to holders of the 1 Tranche of the 10-year
Guaranteed and Secured Notes, the transfer of GHS9,450,000.00 from the Debt Service Accrual Account with Stanbic Bank Ghana Ltd to the Trust Account with…
Market Summary
The GSE Composite Index commenced the week flat at 2,207.95 with a year-to-date return of 13.72% while the market capitalization stayed at GH¢57.06 billion.
The GSE Financial Index was unchanged, closing at the previo…
A commodities trader was given painted stones instead of $36m (£26m) of copper from a Turkish supplier in a fraudulent deal last summer.
Geneva-based Mercuria Energy Group says it's been the victim of cargo fraud following its purchase …
Criminals are seizing on young people's Covid-related financial troubles to hire them to unwittingly launder money, experts say.
More than four in 10 cases of money mules involved victims aged 21 to 30, with the numbers rising last year…
The Secretariat of the Africa Continental Free Trade Area (AfCFTA) is to establish a robust system that can help address challenges impacting growth of the transit business in Africa.
To be called, AfCFTA Corridor, the initiative is exp…
The Chamber of Petroleum Consumers (COPEC) is set to launch a policy that will protect the interest of fuel consumers who have to deal with the consequences of the negligence of fuel station attendants and the sale of adulterated fuel prod…
Pan African financial institution, United Bank for Africa (UBA), Plc is set to change the face of digital banking services with its new mobile banking app aimed at delivering first-rate services to customers.
The new UBA mobile banking …
The Government has commenced processes for the 2021 International Capital Market Funding Programme.
The Programme is to raise US$5.0 billion to support growth-oriented expenditures in the 2021 Budget and to conduct liability management …
Economist with DataBank, Courage Martey says the President’s announcement of GDP growth rebounding to nearly 5 percent in 2021 is not far-fetched.
President Nana Akufo – Addo in his first State of the Nations Address for his second term…
The United Nations Development Programme (UNDP) engaged investors and businesses to channel private sector capital to accelerate the attainment of the Sustainable Development Goals (SDGs) in Ghana.
The virtual impact facilitation event…
The African Development Bank (www.AfDB.org) has finalized the purchase of 26 modular steel bridges to replace infrastructure that was destroyed in weather disasters in Mozambique.
The modular bridges are due to be installed in coming mo…
Politicians like to compare current events with history. But there is a reasonable doubt as to just how helpful it is to reference, for example, the Great Frost of 1709 in relation to last year's pandemic.
In the current globalised worl…
The Accra Metropolitan Assembly (AMA) has begun an exercise to validate all properties within its jurisdiction as part of efforts to update data and enhance revenue mobilisation.
The exercise seeks to authenticate existing data on the A…
President Nana Addo Dankwa Akufo-Addo says the establishment of the National Development Bank, under the Ghana CARES programme, is to provide support to businesses in Ghana.
He said the government expected a boost in economic activities…
President Nana Addo Dankwa Akufo-Addo on Tuesday said it expected the economy to grow nearly five per cent in 2021 on the back of strong boost in economic activities.
“We expect Gross Domestic Product growth to rebound strongly this yea…
President Nana Addo Dankwa Akufo-Addo says the COVID-19 pandemic has exposed the need to expedite the process of moving Ghana beyond aid.
He said that was why the government had developed and was currently implementing the GH¢100 billio…
The National Association of Sachet and Packaged Water Producers (NASPAWAP) has reviewed the price of iced sachet water from 20 pesewas to 30 pesewas, effective March 15, 2021.
A statement copied to the Ghana News Agency by Mr Magnus Nun…
Zoom founder Eric Yuan has transferred about 18 million of his shares worth more than $6bn (£4.4bn), according to a regulatory filing.
Mr Yuan, who is also chief executive of the video-conferencing platform, moved roughly 40% of his sta…
Unilever will drop the word "normal" from its beauty products and ban excessive editing of models' photos in a push for inclusivity.
Dove's owner said the editing ban would apply to "body shape, size, proportion and skin colour" and "no…
Leading telecommunication giant, MTN Ghana, has warned that vendors, who charge customers a fee when they sell MTN airtime to them through the Electrical Virtual Distribution (EVD) system otherwise known as credit transfer, will be sanctio…
The price of eggs on the local market increased significantly early this year and this impacted demand.
During the yuletide, poultry farmers raised concerns about the limited supply of maize.
This later resulted in a price hike of po…
The Management of KGL Technology Limited, a licensed online lotto marketing company responsible for the operation of *959#, the official short code of NLA has arrived at a consensus with the leadership of Financial Business and Services Em…
In fulfilment of her manifesto during the 2020 electioneering, the National Democratic Congress (NDC) Parliamentary Candidate for Essikado-Ketan, Professor Dr Grace Ayensu-Danquah has begun construction of an untra-modern plaza at Essikado…
Some women entrepreneurs engaging in shea butter and rice processing and soya value chain activities in the Kumbungu District have advised other women in other businesses to be consistent in managing the standard and quality of their produ…
"Nyame Akwan" a Village Savings and Loans scheme is making strikes in the socio-economic lives of women in Agogooso, a farming community in the Adansi South District.
The scheme, which was introduced in the community by Nature Aid Ghan…
President Nana Addo Dankwa Akufo-Addo has hinted of his intention to engage the 8th Parliament on the future of the Agyapa transaction.
Speaking in Parliament on Tuesday, March 9, 2021, as he delivered his first State of the Nation Addr…
INVESTMENT JARGONS AND WHAT THEY MEAN (PART 3)
CAPITAL LOSS
The amount by which the proceeds from a sale of a security are less than its purchase price.
For example:
If Kwame again bought 1,000 Unilever shares on 4th January 2021 at …
Fewer than three in 10 telecommunications operators in Africa and the Middle East have established a digital transformation roadmap, putting the region far behind the rest of the world when it comes to monetizing digital sales channels. Th…
The Land Rover Defender has been named Supreme Winner Women’s World Car of the Year 2021. The triumph is the first time a Land Rover has won the top prize at the awards and is the latest in a series of international honours for the most ca…
Disruption arising from COVID-19 has accelerated trends already apparent in the industrials market -- particularly digitalisation and trade volatility -- and transformation has gone from a "nice to have" to a necessity, according to the la…
The significant global volatility driven by Covid-19 has led to a spike in affluent entrepreneurs and international investors building diversified domicile portfolios through residence- and citizenship-by-investment in a bid to overcome th…
Market Summary
The GSE Composite Index advanced by 7.03 points (+0.32%) on the back of three counters to close the week at 2,207.96 with a year-to-date return of 13.72%. The market capitalization decreased by 0.14% to settle at GH¢57.06 …
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