Angolan mobile phone's company, 7Mobile, which is part of the TGI GROUP, has recently launched a new smartphone, “Swegue2” with a projection to start getting its footprint into other African markets, a release by the company has stated.
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Bridgestone Corporation, the manufacturer of Firestone tyre brands, has re-launched its operations in Ghana after a change of distribution partner.
The comeback became possible through a partnership between firestone and Infinity Group,…
Mr Alexzander Ato Kwamena Afenyo-Markin, the Member of Parliament (MP)for Effutu, has presented 30 taxi-cabs to drivers and 100 chest freezers to bar owners and iced-water sellers in his Constituency on a work-and-pay basis.
At a ceremo…
Mrs Maureen Odoi, the Executive Director of African Aurora Business Network (AABN), has called on the public, private institutions and civil society organsations to help the youth in the Western Region to realise their full potentials.
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The program for the conference can be found here. If you haven’t already, please register here: https://reg.unog.ch/event/27702/ Registration is free of charge.
Please note that there will be a dedicated, fully-equipped Media Center in …
Market Performance
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Market Summary
Positive 2018 full year results in Total Petroleum Ghana Limited (+17.33%) and En…
President Donald Trump has announced that the US will delay imposing further trade tariffs on Chinese goods.
The rise in import duties on Chinese goods from 10% to 25% was due to come into effect on 1 March.
Mr Trump said both sides …
The Ministry of Finance is to set up a committee to liquidate Menzgold, a gold dealership firm, and the proceeds given to those who lodged money with the company.
The Minister of Finance, Mr Ken Ofori-Atta, who made the announcement i…
The Managing Director of Fidelity Bank, Mr Julian Opuni, has stressed the need for Africa to develop and implement a strategy on technology which can positively impact development of the continent.
“Africa must implement a continental s…
Stocks delivered positive returns with the Composite Index gaining 0.01% from the previous week’s 2,492.92 points. However the week closed with a year-to-date loss of 3.07%.
Financial stocks recovered this week, rising 11.03 points fro…
Standard Chartered is putting aside $900m (£690m) for potential fines involving investigations in Britain and the US.
The money will cover separate investigations into breaches of US sanctions and foreign exchange trading issues.
It …
Ms Marilyn Aniwa, the Coordinator of the Public Interest Accountability Committee (PIAC) has called for the sustainable management and efficient utilisation of the Ghana’s petroleum revenues.
She noted that the petroleum reserves of a c…
The formal handover of the electricity distribution assets and operations of the Electricity of Company of Ghana (ECG) to the Power Distribution Services Limited (PDS) would now take off on Wednesday, February 27.
A statement issued by …
DHL Global Forwarding named Africa's International Freight Forwarder of the Year for fifth consecutive time
Business decision-makers across the continent recognize DHL Global Forwarding's excellence in air cargo services
DH…
The 2019 Festival Panafricain du Cinéma et de la Télévision Ougadougou (FESPACO) festival runs from 23rd February until 2nd March in Ougadougou, Burkina Faso
The Ecobank Foundation (EcobankFoundation.org) is delighted to honour the Afri…
Timex group luxury division introduces Vincent Bérard, a collection of SWISS made mechanical watches with a green soul
Part of Timex Group since 2006 and originally based in La Chaux-de-Fonds, Vincent Bérard was a manufacturer of luxur…
The Government is committed to achieving an electricity generation mix that ensures diversity and security of energy supply in the country, President Nana Addo Dankwa Akufo-Addo said on Thursday.
For this reason, we will continue to pro…
The clients of Menzgold Ghana Limited have been handed a lifeline in their quest to recoup their deposits from the troubled gold dealership firm.
The Minister of Finance, Mr Ken Ofori-Atta during an interaction with officers of the Gh…
Mr John Kumah, the Chief Executive Officer of the National Entrepreneurship Innovation Plan, will deliver a keynote address at the Graduate Students’ Association of Ghana, Legon Chapter's breakfast seminar on February 28.
The event seek…
A total of 10,000 cocoa farmers from the Eastern and Volta regions, are receiving training in on-farm organic soil improvement and pest control mechanisms and management.
The training, spread across a three-year period, is being support…
The World Evangelical Alliance (WEA) Business Coalition Ghana has lauded Ghana’s socio-economic progress so far, and its social intervention programmes aimed at reducing poverty and creating wealth.
The Ghana chapter of the United Kingd…
The Department of Economics, Central University (CU), has celebrated 10 years of existence with a call on government to bring inflation down as a means of building a viable economy.
Government is also asked to ensure sustainable growth …
Vice President Dr Mahamudu Bawumia, on Friday, left Accra for London, to participate in the United Kingdom (UK)-Ghana Business Council meetings.
While in the UK, he would deliver a lecture at the Royal Institute of International Affairs…
Lenovo Delivers Strong Performance with Highest Quarterly Revenue in Four Years and Record Pre-Tax Income
Highest quarterly revenue for four years (since Q3 FY14/15) – US$14 billion, up 8.5% year-on-year (YOY) and 6th consecutive qua…
Astel, a leading provider for IT infrastructure and office automation solutions on the African continent, and Utimaco, the global number two in Hardware Security Modules (HSMs), have announced a distribution partnership for the Africa regi…
US authorities are investigating Johnson & Johnson, spurred by concerns about asbestos contamination of its talc products, such as baby powder.
The inquiries by the Department of Justice and Securities and Exchange Commission follow new…
As a result of the gains made under the Planting for Food and Jobs (PFJ) in the years 2017 and 2018, government has announced plans to scale up and introduce new modules.
They are the ‘Greenhouse Villages programme’, ‘the Planting for E…
President Nana Addo Dankwa Akufo-Addo says MASLOC has now been revamped to adhere to strict credit procedures and prudent management of credit recovery processes.
This, he said had resulted in a recovery rate of 89 per cent of loans adm…
IT Consortium, recently adjudged Ghana’s leading FinTech company at the 2018 edition of the prestigious Ghana Club 100 Awards, has become Ghana’s first FinTech company to obtain the ISO/IEC 27001:2013 certification.
This certification f…
Barclays has reported a profit of £3.5bn for 2018, unchanged on the previous year.
The bank also announced a provision of £150m for "anticipated economic uncertainty" related to Brexit.
If the economy suffers after the UK's departure…
Gains in two counters in the banking and telecommunication sectors erased yesterday’s losses, due to expectations of positive 2018 full year earnings results led growth. As a result, the benchmark index advanced by 14.09 points (+0.56%) …
Members Of Marriott International’s Travel Programme, Marriott Bonvoy, Get Closer To The Action
Marriott International (NASDAQ:MAR) (Marriott.com) and Manchester United (NYSE:MANU) (ManUtd.com) today announced a multi-year marketing par…
#MWC 19: Nokia small cells provide new mmWave and mid-band options to ensure optimal indoor and outdoor 5G coverage
mmWave small cell offers flexible deployment to cover extreme-traffic outdoor areas with high capacity 5G …
IFC, a member of the World Bank Group, today announced its first investment in Comoros to Telecom Comores S.A., known as Telco SA. The ???13 million ($15 million) loan has the potential to transform the mobile market in one of the least d…
Minister of State for Africa Harriett Baldwin has announced a funding package for projects across Africa following the signing of a new strategic partnership
The UK is set to inject up to £30 million into prosperity and security project…
There is the need to respect and appreciate the fact that people who dwell in slum settlements are fellow citizens and humans, with the same rights as every other person.
“If we continue perceiving and describing people living in slum a…
Investors and researchers are looking to Australia to develop the agricultural and food technologies of the future
Australia’s long and distinguished history in agricultural research is cementing its position as a global hub for agricul…
President Nana Addo Danquah Akufo-Addo has announced that the World Bank has approved a $40 million grant to support the Ministry of Tourism and Creative Arts and its agencies to help upgrade tourist facilities.
The President said the G…
Anhui Jianghuai Automobile Group Corp., Ltd. (JAC Motors), China's leading automobile and commercial vehicle manufacturer, has announced the results of its expansion program in Africa in 2018, declaring that it has established a presence i…
President Nana Addo Dankwa Akufo-Addo on Thursday announced a stimulus package to revamp Ghana’s struggling textile industry.
“Our local textile industry has been struggling for years, and many textile companies have, indeed, gone under…
President Nana Addo Dankwa Akufo-Addo, Thursday, delivering his third State of the Nation Address to Parliament, rendered an upbeat assessment of the performance of his Government, declaring, "We have our challenges but the nation is in go…
President Nana Addo Dankwa Akufo Addo has said the clean-up in the banking sector has cost the national treasury GH¢ 12.7 billion.
He said: “money we can ill afford, but which was necessary to sanitise the sector, minimise job losses, a…
The President of the Ghana National Chamber of Commerce and Industry (GNCCI), Nana Dr Appiagyei Dankwawoso I, has expressed worry about what he described as the increasing depreciation of the cedi, which, he said, was a major challenge con…
Ghana has experienced challenges within the banking system in the past but nothing close to what happened between 2017 and this year.
During this period, nine banks have been liquidated at a cost to the public purse in excess of GH¢9 bi…
President Akufo-Addo says the recently inaugurated Presidential Financial Stability Advisory Council would prevent the emergence of schemes such as Menzgold which has resulted in Ghanaians losing their deposits.
The President in his S…
The Ghana unit of India state-owned lender, Bank of Baroda is auctioning its properties that include chairs and water dispenser as it prepares to finally pack out of Ghana.
The auction is believed to be the final leg of the bank’s liq…
The Ministry of Finance says the European Commission used a “flawed” and “premature” methodology to add Ghana to its list of countries with strategic deficiencies in their Anti-Money Laundering and Countering the Financing of Terrorism (AM…
The Africa Netpreneur Prize Initiative (ANPI) will officially call for applications starting from the 27th of March 2019. ANPI is a US$10 million Prize competition for African entrepreneurs, founded by the Jack Ma Foundation in August 201…
The benchmark index moderated to 2,495.39 with a -2.99% year-to-date return while market capitalization declined by 0.01% to settle at GH¢60.16 billion.
Enterprise Group Limited (+0.47%) advanced by a pesewa on strong FY2018 results h…
Ghana’s consumer confidence declines by five points
Improved perception of Nigerian finances, job prospects & spending intentions
Ghana’s latest Consumer Confidence Index (CCI) for the fourth quarter of 2018 shows a five point…