Oil giant Royal Dutch Shell sank to a net loss of $21.7bn (£16bn) last year after the coronavirus pandemic caused demand to slump.
The announcement comes after two of its rivals, BP and Exxon, posted similar big losses.
Looking ahead…
The Bank of Ghana (BoG) has expressed fears that economic recovery from the havoc wreaked by the COVID-19 pandemic will take longer than initially anticipated.
It said although economic activities had picked up quite well following cont…
The 2017/2018 Ghana Census of Agriculture (GCA) has identified the need to improve the agricultural value chain systems.
It said the growth of the sector crucially depends on the coordination of activities of the various actors along th…
Following President Akufo-Addo’s ban on all large social gatherings, the Event Vendors Association of Ghana has bemoaned the massive effect on their business.
The group is particularly concerned about its members and clients who have al…
Aker Energy AS has promoted Country Director, Mrs. Kadijah Amoah as Chief Executive Officer, CEO, of Aker Energy Ghana Limited, effective 4 January 2021.
In a statement issued by the company, CEO of Aker Energy AS, Håvard Garseth, notes…
The Chamber for Tourism Industry Ghana has lauded President Akufo-Addo’s recent announcement of a reduction in the cost of COVID-19 testing for all nationals of ECOWAS to $50.
In an interview with Citi Business News, Chief Executive Off…
Business owners have met to discuss the sustainability plan of the Sustaining Competitive and Responsible Enterprises (SCORE) project to improve upon quality, productivity, and competitiveness of Small and Medium Enterprises (SMEs) in Ghan…
As Ghana’s debt stock continues to rise, reaching about 75 percent of GDP in the first eleven months of 2020, an economist with Databank, Courage Martey has charged managers of the economy to prioritize reducing the cost of debt going forw…
WEST AFRICAN CONSUMER SENTIMENT PRESENTS MORE POSITIVE PICTURE
Against the backdrop of the ongoing COVID-19 pandemic, the NielsenIQ Consumer Confidence Index (CCI) for West Africa has presented a more positive picture in Quarter 4, 2021…
Market Summary
Cal Bank (+2.67) advanced the benchmark index by 1.20 points to close today’s session at 2,028.32 with a year-to-date return of 4.47% while the market capitalisation inched up by 0.02% to settle at GH¢55.35 billion.
Cons…
Visa Inc. (NYSE: V) today announced VisaNet +AI, a suite of AI-powered services that address long-standing challenges and pain points for banks, merchants and consumers—including delays and confusion with managing account balances and the …
For over 70% of telecom operators, stores and call-centres are still the dominant distribution channels despite the unprecedented connectivity and e-transaction demand across the globe brought in by the Covid-19 pandemic. That’s according …
American business magazine Forbes has published its annual list of the richest people on the African continent.
The list has 18 billionaires who are worth an estimated $73.8 billion, slightly more than the $73.4 billion aggregate worth …
CAMFED Ghana, a pan African movement, committed to the development of girls, children and women, has supported 60 young women entrepreneurs with start-up kits, specialist equipment, and training.
The items distributed include display fr…
The Greater Accra Poultry Farmers Association is calling on the government to introduce a quota system that would mandate retailers of poultry products to sell local produce.
The association believes this would help grow the local poult…
Banking Consultant, Nana Otuo Acheampong has welcomed the expected renewal of the tenure of office of the Governor of the Bank of Ghana Dr. Ernest Addison by President Akufo-Addo for another 4 years.
The President back in 2017, forwarde…
The Institute of Energy Security (IES) has predicted a complete shutdown in power supply in Ghana following the lack of preparedness by the government to take over the Ameri Power deal.
The Ameri deal was signed by the government in 201…
Huawei Technologies, has been recognised as one of the top employers in Africa, receiving the annual Top Employers Certification Award, in recognition of its exceptional employee practices.
In addition to the Continental HQ Top Employer…
Latest data from the Bank of Ghana’s Summary of Macroeconomic and Financial Data for January 2021, indicate that the country’s external sector continues to suffer adversely from the impact of the novel coronavirus pandemic.
According to…
The Universal Merchant Bank (UMB) has appointed Nana Dwemoh Benneh as its new Chief Executive Officer (CEO), following approval from the Bank of Ghana.
He took over from Mr Benjamin Amenumey, who completed his tenure after five years of…
Consumers of petroleum products should be paying slightly higher prices for the fuel they purchase at the country’s various pumps for the next two weeks which is the first pricing window for February, 2021.
According to an analysis by t…
Weekly Highlights
• Yields on 91-Day and 182-Day T-Bill trimmed.
• GSE ended all four trading weeks in January on a positive note.
• Ghana cedi outmuscled the US dollar to nullify all losses.
• Wallstreet dipped to its lowest in …
Universal Motors Limited, authorized distributors of Volkswagen vehicles in Ghana since 2005, wishes to light up your driving experience through cars assembled in Ghana. Our vehicles are manufactured for the African market and for that rea…
Stock Market Highlights
• The benchmark index advanced to a new year high of 2,027.12 with a 4.41% year-to-date return led by gains in SCB (+10.00%) and CAL (+8.70%) while market capitalization increased by 0.47% to settle at GH¢55.33 bil…
Market Summary
The benchmark index advanced by 24.83 points (+1.24%) on the back of two banking counters to close the week at 2,027.12 with a 4.41% year-to-date return while the market capitalization increased by +0.47% to settle at GH¢5…
The teams of EB5 Investors and Uglobal Immigration magazines are bringing their long industry experience to host the Virtual EB-5 and Uglobal Immigration Expo Africa on Feb. 9-10, 2021.
In light of the booming HNWI population in many of…
Person-to-person ("P2P") international transfers, or remittances, sent by global citizens to their homelands represent the largest foreign economic support structure for developing economies. According to a new report by Oxford Economics, …
Market Summary
The GSE Composite Index opened the week flat at 2,027.12 with a 4.41% year-to-date return while the market capitalization was unchanged at GH¢55.33 billion.
The GSE Financial Index recorded no gains or losses, closing a…
More than 400 figures from the UK fashion industry have signed an open letter to the prime minister warning that post-Brexit red tape and travel restrictions threaten their survival.
Signatories, including Twiggy and Katharine Hamnett, …
The Governor of the Bank of Ghana (BoG), Dr Ernest Addison has been given another four-year tenure in office, pending the approval of the yet-to-be constituted Council of State, Graphic Online has gathered.
Dr Addison's current tenure i…
The public debt stock peaked in December last year after increased debt accumulation to plug revenue shortfalls and finance a larger fiscal deficit expanded the amount that the country owes to domestic and external creditors.
Bank of Gh…
The UK will apply to join a free trade area with 11 Asia and Pacific nations on Monday, a year after it officially left the EU.
Joining the group of "fast-growing nations" will boost UK exports, the government says.
The Comprehensive…
Silver prices have hit an a eight-year high after calls to buy the metal on social media sparked a trading frenzy.
It comes a week after amateur investors piled into shares in the games retailer GameStop, causing them to jump 700%.
O…
About 50 women-led social enterprises are to benefit from a two-months intensive training to become more investor ready and help them access funding to enhance their operations.
Dubbed, Social Enterprise Women Business Accelerator, the …
Autochek, a Nigerian automotive startup app, has been launched in Accra with the aim of supporting the delivery of technology in one of the continent’s advanced auto markets.
The company which acquired Cheki Ghana will merge technology …
The Reverend Isaac Adza Tettey, the Volta Regional Economic Planning Officer, has said the Region has all the resources needed to transform its local economy into a buoyant one.
The Regional Economic Planning Officer, presenting an over…
The Top Employers Institute has certified telecommunications giant, Vodafone Ghana, as a Top Employer in Africa for the third consecutive year according to an annual research.
The certification was based on a Human Resource (HR) Best Pr…
African leaders and representatives from the development community, civil society and private sector came together on Thursday for a symposium to celebrate two decades of the New Partnership for Africa's Development (NEPAD), a flagship pro…
The Technical Committee set up by the erstwhile Ministry for Business Development to draft the Ghana Start-up Bill has resumed sitting.
The Committee, made up of the private, public sector and civil society is mandated to consult stakeh…
Chartered Accountants have been charged to contribute towards the successful implementation of the African Continental Free Trade Area (AfCFTA) Agreement.
Speaking on the role of Chartered Accountants in the successful execution of the …
Brussels anti-trust regulators have launched a price-fixing investigation into Cadbury owner Mondelez.
The European Commission is concerned that Mondelez restricted trade across borders between EU countries, pushing up prices for its pr…
The London Stock Exchange said on Friday it had completed its $27 billion deal to buy data provider Refinitiv as it bulks up into a major financial data provider to compete with Bloomberg.
A beefed-up LSE will also be at the forefront o…
Stakeholders in Ghana’s manufacturing sector are being encouraged to prioritize upgrading over upscaling when it comes to goods and services emanating from Ghana into other African countries as part of the African Continental Free Trade Ar…
In spite of the ravaging impact of COVID-19 on people’s lives and the operations of businesses in Ghana, digital payment and settlement products under the Ghana Interbank Payment & Settlement Systems (GhIPSS) saw impressive increases in bo…
Our attention has been drawn to a media briefing and subsequent publication by one Alex Kwaku Tetteh, claiming unfair treatment with regard to a claim on his Motor Insurance policy with the company.
On 29th May 2020, Mr. Tetteh held…
The Commodity Brokers Association of Ghana has projected rice to be one of its bestsellers in the coming months.
This comes only about a month after the Ghana Commodity Exchange (GCX) added rice contracts to the number of commodities tr…
Executive Chairman of the Jospong Group of Companies (JGC), Dr. Joseph Siaw Agyepong has secured and signed a contract worth 50 million Euros with the Hungary Government.
The signing ceremony which took place on Thursday, January 28, 20…
Klaus Schwab Releases “Stakeholder Capitalism”; Making the Case for a Global Economy that Works for Progress, People and Planet
In his new book, released this week, Klaus Schwab looks at the achievement and shortcomings of the globa…
Just months after their first passenger testing, Virgin Hyperloop today unveiled its vision for the future hyperloop experience. The newly-released concept video takes the viewer step-by-step through a hyperloop journey, from arriving at t…
The Top Employers Institute has certified telecommunications giant, Vodafone Ghana, as a Top Employer in Africa for the third consecutive year according to an annual research.
The certification was based on a Human Resource (HR) Best P…
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