Gains in Ecobank Ghana Holdings (+7.29%), Cal Bank Limited (+3.16%), Enterprise Group Limited (+0.46%) and GCB Bank Limited (+0.29%) pushed the financial index up by 1.70% to close at 2,105.95 with a 2.22% year-to-date return.
Due to gain…
Malawi will offer cash rewards of up $7,000 for information about abductions and killing of people with albinism as anger over government inaction grew ahead of national elections.
Belief in witchcraft is widespread in rural Malawi, one…
The Ghana National Chambers of Commerce and Industry (GNCCI) will roll-out vigorous programmes geared towards the growth of businesses and to make it competitive both locally and internationally.
The programmes include; Small and Medium…
The Ministerial Committee set up by the Economic Management Team to review the concession agreement between the government of Ghana (GoG) and the Meridian Port Services (MPS) has made a compelling case to the government not to implement th…
• Vivo Energy’s retail service station network today expands from 15 to 23 countries in Africa, adding 230 service stations
• Further opportunities in Commercial Fuels, Mining and Lubricants businesses
• Vivo Energy increases it…
Eight journalists are visiting Morocco to learn about some new initiatives of OCP and to attend the 10th Argus Fertiliser conference.
One of the initiatives is a project called Al Moutmir which was launched in September last year.
OC…
A new company has been incorporated to coordinate Ghana’s activities towards actualising its dream of producing electricity from nuclear energy sources.
The company, the Nuclear Power Ghana Limited (NPG), was established in January this…
JD.com Inc, China’s second largest e-commerce firm, reported a 22.4 rise in fourth-quarter revenue on Thursday, beating analyst estimates on the back of stronger online retail sales and sending its U.S.-listed shares up 8 percent.
The r…
Allianz Life Ghana started its agency operations less than a year ago in April 2018. At the inception of its operations, its sales agents were promised an all-expense paid trip outside of Ghana complete with shopping money, subject to achi…
Just like the Lego film, everything appears to be "awesome" at the plastic brick maker as it returned to growth again last year.
Profits increased by 4% to 10.8bn Danish kroner (£1.2bn) and sales were up 4% to 36.4bn Danish kroner.
T…
Mr Kobina Tahiru Hammond, the Member of Parliament (MP) for Adansi Asokwa, has asked the Government to terminate some oil exploration contracts that were awarded under the last National Democratic Congress (NDC) Administration.
Accordin…
Dr. Ibrahim Awal, minister of Business development, says the current socio-economic growth needs of the country requires strong inputs into entrepreneurial skill development.
"Ghana since independence has mainly exported raw materials, …
Skyfox Limited, investors in agriculture, has paid dividend of Gh¢70,000.00 to over 20 farmer groups who invested in their integrated three year aquaculture and crop production programme introduced in Donkorkrom and some communities in the…
The Government of the United Kingdom (UK) has pledged financial support towards the construction of three major infrastructural projects in Ghana, this year.
The Tamale Airport, Bekwai Hospital project and Kumasi Central Market are expe…
The Best 2018 Two Star Hotel in the Volta region, Freedom Hotel, in Ho, has been tipped to pick the national award for this year.
This follows the Hotel's consistency in the category, emerging the best in the Volta Region for five times…
Transfer of funds from e-zwich card to mobile money (MoMo) wallet is on a steady rise as the public is making good use of the second phase of mobile money interoperability service.
The second phase of MoMo interoperability, which was la…
Ogilvy Africa, the most awarded creative agency in Africa, has named Brett Wild as its new Regional Creative Director. He takes over from Joao Espirito Santo, who is moving back to Portugal for a new assignment.
In his new role, Brett w…
Engineering giant Rolls-Royce swung into loss last year, as it increased the charge for fixing problems with its Trent 1000 engines.
The company also took a charge of £186m after Airbus said it was stopping production of its A380 superj…
Stratcomm Africa’s Chief Executive Officer, Esther A.N. Cobbah, has been appointed to the Board of the International Public Relations Association (IPRA).
The seventeen-member Board, drawn from the Association’s global membership, was in…
The UK government is to provide £130m of support for British firms that will be carrying out three infrastructure projects in Ghana.
International trade secretary Dr Liam Fox said that UK Export Finance (UKEF) is providing the support f…
Saradar Capital Holding, the Lebanese conglomerate holding, announced today the acquisition of 51% of Assurex SAL, a 40-year old Lebanese insurance company owned by the Fattal Group. Fattal Group will remain a shareholder with a 49% stake.…
Panasonic Corporation's production of household refrigerators reached a grand total of 100 million in 2018, 65 years since the company first began to manufacture them in 1953.
Panasonic began working on refrigerators as well as televisi…
WPP Scangroup a subsidiary of WPP, a global creative transformation company, has announced the integration of two of its companies, Ogilvy Ghana and Scanad Ghana in line with the group’s strategy of reinforcing its capabilities in key mark…
Fiat Chrysler Automobiles has announced plans to pump $4.5bn (£3.4bn) into the Michigan vehicle industry which will create 6,500 new jobs.
The carmaker said it will build the first new assembly plant in Detroit for nearly three decades.…
Shares in Ted Baker have tumbled over 12% after the fashion chain warned profits would be lower-than-expected.
The retailer blamed currency movements, product costs and a writedown on unsold stock for the disappointment.
It said full…
The Tang Palace Hotel at Roman Ridge, Accra, has been adjudged the Four-Star Hotel of the Year, whilst the Holiday Inn Hotel at the Airport City was adjudged the Three-Star Hotel of the Year.
The award was presented at the 2019 Greater…
Traders in Koforidua have maintain the same price of some goods since January this year, despite the changes in the rate of the cedi against the major foreign currencies.
Speaking to the Ghana News Agency (GNA) in a market survey, Mrs …
Banks in the country do not support productive activities in the economy, Coordinator of the Third World Network (TWN), Dr Yao Graham, has said.
He said the Ghana’s banking sector was serving as a way for taking resources out of the cou…
The government has published its assessment of the impact of a no-deal Brexit on business and trade.
The report said "some food prices are likely to increase" and customs checks could cost business £13bn a year in a no-deal scenario.
…
BuyRentKenya won all three of the most prestigious industry awards
BuyRentKenya.com’s rise in Kenya’s online property market has been again underlined by another critical industry acclaim. In 2018, BuyRentKenya won all three of the most…
Shares in online crafts marketplace Etsy jumped by 6% in after-hours trading, after the firm reported strong growth during the festive season.
The retailer's revenues hit about $200m (£153m) in the last three months of 2018, up 47% year…
The pound has hit a 21-month high against the euro following increasing speculation of a delay to Brexit.
At one point, sterling was up by nearly one euro cent at €1.1643, its highest since May 2017.
Prime Minister Theresa May is und…
Despite cutting capital expenditure (CAPEX) by more than a quarter, the government was unable to walk the slippery rope of matching spending with revenue in 2018, according to data on fiscal operations.
This resulted in a fiscal defic…
The Trades Union Congress (TUC) has appealed to the government to review the contract between Ghana and Meridian Port Services (MPS) which was signed in 2015 because its execution can lead to massive job losses in the maritime industry.
“…
Members and leaders of the National Black MBA Association (NBMBAA) have ended its Education and Trade Mission to Ghana to explore investment opportunities. The Association would also visit Liberia.
The initiative centered on educating m…
Ghana’s delegation to the Offshore Technology Conference - OTC 2019, will be led by the Minister of Energy, Mr John-Peter Amewu, primarily with the grand objective of promoting and seeking investment in Ghana’s petroleum sector.
The glo…
Asanko Mines in the Amansie West District, has launched a business training programme to build the entrepreneurial and managerial capacities of local enterprises in its operational areas.
The two-year programme dubbed “Nkosoo Project”, …
The Chief Executive Officer (CEO) of the Ghana Export Promotion Authority (GEPA), Madam Afua Asabea Asare, interacted with some farmers, exporters and craft artisans in the region to find possible ways of exploiting opportunities in the ex…
World Airlines (AWA) and South African Airlines (SAA) on Monday signed a partnership agreement which aimed at deepening their commercial collaboration.
The agreement was signed between the two airlines at the Ministry of Aviation in Acc…
Ghana Chamber of Mines, has launched the fourth edition of the Ghana Mining and Energy Summit (GMES) in Accra.
The biennial conference and exhibition are expected to bring together regulators, mining and energy sector investors, financi…
The United Kingdom-Ghana Business Council Meeting underway in London from February 25 to 27, is part of efforts to accelerate "Ghana Beyond Aid" through a common purpose.
A statement issued by the British High Commission in Accra and co…
• Ford Ranger led LCV exports from South Africa with 68 364 vehicles for 2018, up 16.2%
• Best-ever Ranger sales in Europe, climbing 15.7% year-on-year to 51 500 units
• Ford retains pickup segment leadership in EU20 markets, climbin…
The NEW Genius X, launched at MWC 2019, has learned from thousands of brushing styles to perfect yours
Oral-B, the innovation leader in connected brushing and Oral-Care, unveils at the MWC 2019 its breakthrough new Artificial Intelligen…
FundedByMe Crowdfunding Sweden AB has formed an agreement with ABG Sundal Collier ASA (“ABG”) where ABG will act as market maker for FundedByMe’s share, starting March 8th, 2019. The purpose is to increase the stock’s liquidity and to de…
Consolidated Bank Ghana Limited (CBG) has launched an ultramodern branch to offer its cherished customers a seamless banking experience. The branch, located at Labone, is a new addition to the CBG branches across the country.
Opening th…
A former chair of the US central bank has sharply criticised President Trump's economic knowledge.
On American Public Media's Marketplace programme, Janet Yellen said Mr Trump did not understand economic policy or the US Federal Reserve…
Market Summary
Total Petroleum Ghana Limited (TOTAL) continued to advance on its 2018 full year results. Ecobank Transnational Incorporated (ETI) also trended higher as its earnings release draws closer. In Q3 2018, ETI posted strong …
In line with GCB Bank’s agenda on development of arts and culture, it has joined forces with Citi FM and Citi TV in the organisation of this year’s Heritage Caravan.
This is the third time GCB Bank is sponsoring the Heritage Caravan, a …
BMW and Daimler have unveiled a joint venture covering new-generation services such as driverless vehicles, ride-hailing, and pay-per-use cars.
Normally fierce rivals, the firms are investing €1bn (£880m) in the project, which will also…
The Ghana Chapter of the Women in Agribusiness, Africa (AWAI, Ghana), which comprises women entrepreneurs in various segments of the agricultural value chain, has been launched in Accra.
The group seeks to primarily institute mechanis…