Three Chinese telecom giants have asked the New York Stock Exchange (NYSE) to review its decision to delist them.
The NYSE initially said it would delist China Unicom, China Mobile and China Telecom on 7 January based on a Donald Trump …
Dr Anthony Yaw Baah, Secretary-General of the Trades Union Congress (TUC), has charged union members in the agricultural and forestry sectors to strengthen collaboration and fight against the destruction of Ghana’s forest.
He said the b…
A former Director at the Animal Research Institute of the Council for Scientific and Industrial Research (CSIR-ARI), Dr Naminong Karbo, has observed that the country must endeavour to separate maize meant for human consumption from those m…
Prices rose at a faster rate in the UK in December, despite Covid curbs that forced non-essential shops to shut.
Consumer Prices Index inflation jumped to 0.6%, from 0.3% in November, pushed higher by rising transport and clothes prices…
Alibaba Group founder Jack Ma has made his first appearance since Chinese regulators cracked down on his business empire.
His absence had fuelled speculation over his whereabouts amid increasing official scrutiny of his businesses.
T…
The Juaben Municipal Assembly in the Ashanti Region is building the capacities of its revenue officers to help increase revenue collection and improve on its Internally Generated Funds (IGF).
Mr Kwadwo Ansah-Sem, Municipal Chief Executi…
Government says it has engaged the British Airways (BA) authorities to rescind their decision on changes in the London- Accra- London flight to Gatwick Airport.
A statement from the Ministry of Aviation on Tuesday said the government o…
Prefos Ghana limited, an electrical and civil engineering Company in Ghana, will continue to work closely with the government to extend electricity to all communities under the Rural Electrification Programme.
Mr Frank Asamoah Agyemang,…
The Accra Metropolitan Assembly (AMA) has supported 57 Persons with Disabilities (PWDs) in the city with working tools and seed capital of GHS 200 each to be self-sufficient.
The items included; freezers, popcorn machines, industrial ma…
Seven Seas Salt Mining Company (formerly Kensington Industries Ltd) operating at Adina in the Ketu South Municipality would on Tuesday, pay the community and other satellite communities affected by its operations.
Mr Elliot Edem Agbenor…
Market Summary
The benchmark index closed the session flat at 1,967.24 with a 1.32% year-to-date return while the market capitalization was unchanged at GH¢54.70 billion.
The GSE Financial Index recorded no gains or losses, closing …
The payroll and benefits centre of a local integrated energy and chemical company has seen an improvement in cost efficiencies and time savings within the team, following the rollout of an application by First Technology Digital that autom…
Services to begin rolling out in the Spring of 2021 enabling U.S. customers to send money locally and globally
Walmart (NYSE:WMT), the world’s largest retailer, and Western Union (NYSE: WU), a global leader in cross-border, cross-curren…
As was the case 12 years ago, Joe Biden enters the White House on an economic rescue mission after an historic US and global recession.
Then he was vice president and the world was reeling from the shock of the financial crisis. And whi…
Food production has increased significantly, and a conscious effort has been made to improve the living standards of our farmers, President Nana Addo Dankwa Akufo-Addo, said at his swearing-in as President of the republic and Commander-I…
Experian Plc posted third-quarter revenue growth that exceeded its previous target on Tuesday, as the world’s largest credit data firm benefited from strong U.S. mortgage volumes while flagging a slowdown in the current quarter.
Record …
Global shares climbed and the dollar eased on Tuesday ahead of Janet Yellen’s Treasury Secretary confirmation speech, in which she is expected to bolster the case for heavy fiscal stimulus in the world’s largest economy.
Concerns that p…
The Association of Ghana Industries says Government ought to focus on nuclear energy to significantly reduce the cost of electricity in the country.
Presently power in the country is being sold at about 17 cents per kilowatt-hour as com…
The Association of Ghana Industries (AGI) says the business community is concerned about a possible slowdown in demand for their goods and services if the disturbing situation with COVID-19 in the country is not managed effectively.
Bet…
The Ghana Standards Authority (GSA) has suspended the implementation of new approved fees and charges for the certification of imports into the country.
The decision to maintain the old charges was reached at a consensus-building meetin…
The government intends to issue more than 22.3 billion cedis worth of bonds in the first quarter, the Finance Ministry said in its issuance calendar.
The Ministry said 19.7 billion cedis would be used to roll over maturing bonds, while …
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 13.56%
Inflation for Dec, 2020 10.4%
End Period Inflation Targ…
Rising protectionism, COVID-19 implications on trade and investment to be discussed at regional UN meeting
Senior government officials and key stakeholders will convene from 25 to 29 January to deliberate issues of importance to trade a…
Weekly Highlights
• December 2020 Inflation settled at 10.4 percent.
• Yields on 91-Day and 182-Day T- Bills unchanged.
• Accra Bourse upped its year-to-date performance.
• Ghana cedi performed mixed against the three major tradi…
When Nissan made its first investment towards Africa’s growth sixty years ago with Datsun’s presence in Zimbabwe and the Nissan Motor Company Limited, opening its Rosslyn operations, it was the humble, but bold start of a journey. With a f…
The International Air Transport Association (IATA) is partnering with Emirates to become one of the first airlines in the world to trial IATA Travel Pass – a mobile app to help passengers easily and securely manage their travel in line wit…
Scores of Vodafone customers have commended the telco’s annual Akwantuo Aye Free initiative, which pays the transport fares of customers travelling from Accra to other parts of the country during the Christmas season.
According to them,…
Market Summary
The benchmark index moderated by 1.78 points (-0.09%) to close at 1,967.24 with a 1.32% year-to-date return due to ACCESS (-2.05%) and UNIL (-9.89%) while the market capitalization eased to GH¢54.70 billion.
The GSE …
The UK is forging its post-Brexit path as a "confident, independent nation - and an energetic force for good", according to the government.
It's free to set trade on its own terms, pursue opportunities and higher living standards. But c…
Fintech, the contraction of the words financial and technology, refers to the innovation that is disrupting traditional financial methods in the delivery of financial services. In Ghana, the payment space is composed primarily of companies…
Micro, small and medium-scale enterprises (MSMEs) in the country are eagerly awaiting the President to give assent to the Ghana Enterprises Agency Bill, 2020.
The bill was passed by Parliament in November 2020 and, among other things, s…
Tesla Inc said on Monday it has started delivering its Shanghai-made Model Y sports utility vehicles to customers in China.
A representative for the U.S. automaker made the comment in response to a query from Reuters.
The company obt…
China's economy grew at the slowest pace in more than four decades last year, official figures show, but remains on course to be the only major economy to have expanded in 2020.
The economy grew 2.3% last year, despite Covid-19 shutdown…
Energy Consultant, Dr Yussif Sulemana has indicated that the liquified natural gas-to-power project will reduce the cost of electric production in the country by up to 30 percent.
Ghana is set to open sub-Saharan Africa’s first liquefie…
An Economist with Databank, Courage Martey, is concerned that lending rates in the short term, will not see a reduction, even though multiple business groups such as the Ghana Union of Traders Association (GUTA) have been calling for a red…
The Chamber of Petroleum Consumers (COPEC) has asked the government to introduce measures to stop the increase in fuel prices.
According to the Chamber, fuel prices have shot up from GH¢4.67 to GH¢5.10 per litre within the spate of a mo…
The Food and Drugs Authority (FDA) says plans are afoot to map FDA registration numbers with importer Tax Identification Numbers (TIN) under the Integrated Customs Management System (ICUMS).
The move, the Authority explains, would not o…
Stock Market Highlights
The benchmark index appreciated by 0.68% on the back gains in SOGEGH (+3.13%), MTNGH (+1.54%) and GOIL (+0.67%) to close at 1,969.02 with a 1.41% year-to-date return while market capitalization increased by 0.25% t…
PDI’s payments platform powers EG Group’s SmartPay Rewards app that will be rolled out to thousands of sites
PDI (www.pdisoftware.com), a global provider of enterprise software solutions to convenience retailers and petroleum wholesaler…
Organised by the AFRICA CEO FORUM, in partnership with the International Finance Corporation (IFC), the first edition of The Financial Industry Summit will be held online on 10-11 March 2021.
This new event featuring Africa’s financial …
Ghana’s largest privately held Ghanaian bank, Fidelity Bank has relocated its Madina Main and Tema Community 25 Branches in a bid to enhance customer experience and convenience for its cherished customers. The Bank has also merged its Accr…
Samsung heir Lee Jae Yong has been sentenced to two years and six months in prison by a high court in South Korea.
The bribery case is a retrial of an earlier one involving the country's former President Park Geun-hye, who was also jail…
Unregistered imports will not be cleared at Ghana’s ports from February 1, the Food and Drugs Authority (FDA) said on Friday.
A statement signed by Mr Seth K. Seaneke, the Deputy Chief Executive Officer in charge of Health Products and …
MTN Ghana has awarded 550 Agents and Merchants in the South-West Region for their sacrifices and invaluable contributions to the growth of MTN.
The prizes range from a Nissan vehicle to mobile phones and plaques.
An Agent at the Mode…
The Bureau of Public Safety is admonishing businesses across the country to fully comply with the Fire Precautions (Premises) Regulations L.I. 1724.
According to the bureau, following the regulations will help prevent the frequent occur…
Your employees and customers will know the difference.
It's a new year, and hopefully the marketplace will soon be returning to normal. So let's take stock for a moment: Are the profits your company is earning--or will soon be earning--…
Mr Edwin Amoako, the Commercial Director, Fanmilk Ghana Limited has been adjudged 2019 Chartered Institute of Marketing,Ghana (CIMG) Marketing practitioner of the year.
The award, organised by CIMG is the theme: "Marketing in a disrupti…
Tesla has been asked to recall 158,000 Model S and Model X vehicles over an issue with failing touchscreens, which could increase the risk of crashes.
The problem involves the memory chips used in the displays of cars made between 2012 …
Dr. Ozlem Ergun Ulueren, the Turkish Ambassador to Ghana is advocating for active participation of Ghanaian businesses in an upcoming Ghana-Turkey Trade Mission webinar which seeks to boost trade between the two countries.
The four-day …
Market Summary
The GSE Composite Index declined marginally by 0.23 points (-0.01%) to close at 1,969.02 with a 1.41%% year-to-date return due to Aluworks Limited (-9.09%) while the market capitalization eased to GH¢54.68 billion.
T…
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