US President Joe Biden has ordered officials to find ways to bolster supply chains as a shortage of computer chips hits carmakers around the world.
It comes after the pandemic has strained many producers and forced the US to scramble fo…
The COVID-19 pandemic is creating new challenges to women’s economic security, health, and safety as around the world women continue to face laws and relations that restrict their economic opportunity, a new World Bank report has revealed.…
Oatly, the plant-based milk company started in Sweden, is planning a stock exchange listing in the United States.
The move comes as the firm has been pushing to expand, amid the booming popularity of alternative milks.
Last year, it …
Tesla boss Elon Musk has lost his title as the world's richest person after a recent slide in the electric carmaker's shares, the main driver of his wealth.
Tesla shares have tumbled more than 20% since hitting a high of more than $880 …
The Effia Kwesiminstin Municipal Assembly (EKMA) has expressed its readiness and commitment to assist investors ready to invest in the One District One Factory (1D1F) Initiative in the Municipality.
The Municipal Public Relations Offic…
Car Washing Bay Operators in Tema on Tuesday said increment in water tariffs is gradually grinding the business to ground zero, "we are charge commercial rate but due to economic constraints we cannot transfer total cost to customers".
…
Chairman of the Appointments Committee of Parliament Joseph Osei Owusu, on Tuesday suggested to Mr Joseph Cudjoe, Public Enterprises Minister designate, to focus on entities set up as businesses with state interest.
Mr Cudjoe, MP for …
The Ghana Institution of Surveyors (GhIS) says it needs the 'Survey Council Bill' to be passed into law to regulate activities of members and non-members and protect the surveying business and its integrity.
Dr. John Amaglo, President o…
Jellyfish, the digital marketing partner to the world's leading brands (i.e., Samsung, Uber, Nestle, Deckers, Spotify, and eBay), announced today the acquisition of 5 companies—each a known leader in the digital space. Jellyfish’s rapid ex…
African Alliance Securities Ghana Limited is pleased to announce a change in the company’s name to Amber Securities Limited. The name change will be officially effective from 1 March 2021.
Our office address and telephone numbers remain…
AngloGold Ashanti is pleased to provide its financial and operational update for the six-months and year ended 31 December 2020.
• Added Ore Reserve of 6.1Moz on a gross basis, 2.6Moz on a net basis, for a net increase of 10% year-on-ye…
Apple has acquired about 100 companies over the last six years, the company’s chief executive Tim Cook has revealed.
That works out at a company every three to four weeks, he told Apple’s annual meeting of shareholders on Tuesday.
Ap…
The Securities and Exchange Commission (SEC) says Wiseling Online Investment Company, a Finnish-based company operating in Ghana, has not been licensed by it to carry out any Capital Market activity.
This Capital Market activity includi…
The MTN Group and Mastercard has announced a strategic partnership to enable consumers in 16 countries across Africa to make global e-commerce payments safely and securely.
“Through a Mastercard virtual payment solution linked to MTN Mo…
Mr Isaac Charles Acquah, Vice President of the Chartered Global Investment Analysts Institute (CGIA) Network Ghana, has urged business owners in the Western Region to open up to the global community by getting their businesses registered o…
Agriculture is the leading sector that benefited from the $48 million invested in the last 16 years by the Business Sector Advocacy Challenge Fund (BUSAC Fund).
Of the total amount invested, 45 per cent went to agriculture while service…
The International Air Transport Association (IATA) says it expects its digital Covid Travel Pass will be ready "within weeks".
The pass is an app that verifies a passenger has had the Covid-19 tests or vaccines required to enter a count…
A business executive and statesman, Sir Sam E. Jonah, has called for deliberate policies and state intervention to increase indigenous ownership of the economy.
He said there was the need for a national strategy on economic empowerment …
An integrated programme to protect the biodiversity of mangroves and other fragile ecosystems in West Africa to enhance their resilience to climate change in nine West African countries is being implemented.
The four-year project (2019-…
More than 300,000 micro, small and medium enterprises (MSMEs) have accessed the special fund set up by the government to cushion businesses against the impact of COVID-19.
Data from the National Board for Small Scale Industries (NBSSI) …
The Multi-Stakeholder Group of Infrastructure Transparency Initiative, Sekondi-Takoradi Local Chapter, has paid a working visit to two project sites to ascertain progress of work.
The projects are the cassava processing factory at Borko…
Ghana Interbank Payment and Settlement Systems (GhIPSS), a subsidiary of the Bank of Ghana, and partner institutions have embarked on public education to create awareness and to drive patronage of Ghana's Universal Quick Response code for…
The International Bamboo and Rattan Organisation (INBAR) has opened a Bamboo Common Production Training Centre (CPTC) at Obogu in the Asante-Akim South District, to provide technical/ capacity building support for the artisans.
The CPTC…
The coronavirus pandemic has introduced several risks to the banking sector threatening the growth of the industry, the Governor of the Bank of Ghana (BoG), Dr Ernest Addison has said.
He said cyber, credit, and operational risks were n…
A majority of businesses surveyed for a study by the Economist Intelligence Unit (EIU) and the Cybersecurity Tech Accord released today, see state-led and sponsored cyberattacks as a major threat. They are concerned about catastrophic repu…
MACROECONOMIC INDICATORS
Q3, 2020 GDP Growth -1.1%
Average GDP Growth for 2020 0.2%
2020 Projected GDP Growth 0.9%
BoG Policy Rate 14.50%
Weekly Interbank Interest Rate 13.57%
Inflation for Jan, 2021 9.9%
End Period Inflation Targe…
At a time when the world could use a little more fizz, Pepsi® delivers in a highly entertaining new campaign that will cut across cultural playgrounds with the uncontainable fizz of the brand. From thumb-stopping social content to its lat…
The African Trade Policy Centre (ATPC), a unit of the Economic Commission for Africa (ECA), in collaboration with Business Unity South Africa (BUSA), will host a conference on leveraging the African Continental Free Trade Area (AfCFTA) to …
Market Summary
The GSE Composite Index opened the week flat at 2,177.43 with a year-to-date return of 12.15% while the market capitalization was unchanged at GH¢56.91 billion.
The GSE Financial Index recorded no gains or losses, closi…
The unemployment rate has risen to its highest level in almost five years, with younger workers bearing the brunt of the job losses, official figures show.
The UK's jobless rate rose to 5.1% in the three months to December, with the num…
Mr Sugandh Rajaram, the Indian High Commissioner, has expressed his country’s readiness to support Ghana in developing its rural economies.
He said India had successfully advanced its rural areas by promoting agriculture, computer techn…
A former stock trader with UBS Investment Bank, Mr Kweku Adoboli, is to share his expertise on ways to stimulate growth in the local mortgage market at a two-day pension conference scheduled for February 23-24, 2021.
The UK-trained inve…
The Labour Division of the Accra High Court has dismissed a legal action by the Ghana Community Network Services Limited (GCNet) asking the court to set aside an arbitration award in favour of some 150 redundant staff of the company.
Th…
Tata International Africa introduces a ground-breaking five-year warranty on its entire commercial vehicle range across the continent
Tata International Africa has become the first company in Africa to introduce a best-in-class standa…
The Ghana Tourism Authority has reiterated its commitment to boosting local tourism in the country.
The tourism sector took a major hit with the outbreak of the pandemic losing millions of dollars.
Speaking to Citi Business News, Act…
The Social Security and National Insurance Trust, SSNIT, is set to launch an app to help improve its service delivery.
SSNIT says the app will render a number of services including, a request for SSNIT clearance, and payment of monthly …
Dr Edward Ackah Nyamike, President, Ghana Hotels Association, says hotels are yet to recover from the negative impacts of COVID-19 on the industry.
He said though a few hotels were resuming operation after the lockdown, they were strugg…
MTN, Ghana's largest telecommunication operator is focusing on enhancing the digital experience of customers to become a digital operator in the year 2021.
In a statement copied to the Ghana News Agency and signed by Samuel Koranteng,…
Cocoa farmers who are yet to receive payment for cocoa beans they supplied to Licensed Buying Companies (LBCs) for the 2020/2021 cocoa season, should expect payment soon as monies that will be used in settling them is expected early this w…
The Capacity Development of Farmer Based Cooperatives and Organisations (FBCs/FBOs) in Northern Ghana project has led to a 2.6 points reduction in poverty amongst households of beneficiary cooperatives compared to a 0.2 points reduction am…
Much talked-about cryptocurrency Bitcoin has continued to hit record highs having broken through $50,000 (£35,700) last week.
On Sunday, Bitcoin hit another peak rising above $58,000 as it continues its strong momentum this year.
The…
The World Bank Group has named longtime Vice- President, Mr Makhtar Diop, to head the International Finance Corporation (IFC), making him the first African to lead the development lender’s arm for the private sector.
IFC is an arm of th…
All is set for a virtual forum meant to equip Ghanaian businesses with the know-how to be able to explore opportunities under the African Continental Free Trade Agreement (AfCFTA).
On the theme “AfCFTA: Adopting the Right Business Strat…
The Eastern, Volta and Oti branches of the Association of Ghana Industries (AGI) are set to profile its members to attract investment from the business community both local and abroad for sustainable development.
This is also to positio…
Tesla Inc CEO Elon Musk on Thursday said that owning bitcoin was only a little better than holding conventional cash, but that the slight difference made it a better asset to hold.
“However, when fiat currency has negative real interest…
Global shares struggled to avoid a fourth straight day of losses on Friday as data showed euro zone business activity slowing in February, while German and British 10-year bond yields touched multi-month highs, driven up by bets on rising …
German insurer Allianz posted its first fall in annual operating profit in nearly a decade on Friday on higher claims from businesses hit by lockdowns and lower demand for car and travel insurance.
Operating profit fell 9.3% to 10.75 bi…
Renault said on Friday it is still fighting the lingering effects of the COVID-19 pandemic, including a shortage of semiconductor chips, that could make for another rough year for the French carmaker.
Renault reported an 8 billion euro …
Director General of the Ghana Standards Authority (GSA), Professor Alex Dodoo has called on government to bear the full cost of facilitating the improvement in the standard of goods produced by Micro, Small and Medium-sized Enterprises (MS…
Ghana’s export of chocolate and cocoa related products used in other food preparations stood at $13.4 million at the end of 2019, showing an increase of 16.16 per cent from 2018.
In comparison, the country exported $5.3 million and $11.…
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