The European Union (EU), through the French Development Agency, has approved a €9.7-million euro grant for the Ghana Grid Company (GRIDCo) to boost infrastructure works on the interconnection line between Ghana and Burkina Faso.
A joi…
A study by a team of Ghanaian economists has identified Agro-processing and Tourism as sectors that could potentially address Ghana's unemployment and enhance competitiveness and productivity of small and medium-sized firms.
The study, …
An Engineering, Procurement and Construction (EPC) agreement between PMD AssetCo Limited and the China Harbour Engineering Company Limited (CHEC) is to give birth to the construction of a new shipyard that is set to begin in March this yea…
Small business owners wishing to innovate and digitise their operations have until close of business on Friday, January 29, to submit their documentation to the National Board for Small Scale Industries (NBSSI) to benefit from the COVID-19…
Cairn Energy has threatened to seize Indian government assets following a $1.2bn (£880m) award from a long-running corporate tax case.
The UK-based energy firm was awarded damages by an international tribunal in the high-profile dispute…
The Alliance for Social Equity and Public Accountability (ASEPA) is kicking against the re-nomination of Ken Ofori-Atta as Finance Minister.
In a 37 paged petition to the Appointments Committee of Parliament, the group indicated that ba…
The Chief Executive Officer of the Ghana Investment Promotion Centre (GIPC), Mr. Yofi Grant, has assured local businesses that the Centre is ready to assist them to harness the opportunities that come with trading under the African Contine…
China’s central bank governor has signalled that the door remains open for Ant Group’s stock market debut.
Ant, backed by billionaire founder of e-commerce giant Alibaba Jack Ma, was set to list its shares in November.
Regulators sus…
President Joe Biden has vowed to heal America's economy from the pandemic with a large dose of economic stimulus - including immediate relief and investments in green jobs, infrastructure and more.
He's called on a team of Ivy League tr…
The Association of Ghana Industries (AGI) has backed attempts by government to use all legitimate means necessary including threats of new lockdowns in order to communicate the seriousness of COVID-19 and its potential negative impact on p…
Cocoa Farmers in the Western North Region are calling on government to release funds to the Local Buying Companies (LBCs) to enable them pay for their produce.
Shortage of money at cocoa buying companies is causing a lot of financial co…
Secretary-General of the African Continental Free Trade Area, AfCFTA, Wamkele Mene has disclosed that plans are far advanced to complete the Protocol on Women in Trade to facilitate greater trade opportunities for women under the trade agr…
KPMG brings together global organization’s environmental, social and governance (ESG) commitments under one umbrella, Our Impact Plan
Incorporates roadmap to become net-zero by 2030, commitment to increase inclusion and diversity and to…
Market Summary
The GSE Composite Index was up 21.84 points (+1.09%) to close at 2,024.13 with a 4.25% year-to-date return on the back of price appreciation in two banking stocks. The market capitalization increased by 0.41% to settle at G…
Small businesses have been urged to use digital payment solutions for easy and secure transactions.
The Marketing Manager of IT Consortium, a leading financial services technology solutions provider, Mr Yusif Mohammed, gave the advice …
An IT service delivery firm, Apotica has received two ISO certifications after an extensive audit by PECB, an accredited ISO certification body.
The company achieved ISO 9001:2015 Quality Management and ISO 27001:2013 Information Securi…
Olam Ghana, a leading supply chain manager of agri-products and one of Ghana's largest cocoa buying agencies, has been certified as a Top Employer for 2021 by the Top Employers Institute for their commitment to upholding HR best practices …
The UK-Ghana Chamber of Commerce has urged management of British Airways to take into consideration the concerns of their clientele and possibly reconsider the decision to operate British Airways Ghana Services from the London Gatwick Airp…
The Ghana Revenue Authority, GRA, has set a target of GHS 60 billion as its revenue target for 2021.
This comes despite the ravaging impact of COVID-19 on the economy.
Speaking at a press briefing in Accra, Commissioner-General of th…
Players in the insurance industry must work hard to regain public trust to help promote the growth of the sector, the Outgoing Board Chairman of the National Insurance Commission (NIC), Mr Ray Ankrah has said.
“We all know about the ima…
Rating agencies, Fitch and Moody’s have projected a strong economic growth for the country in 2021.
Fitch is projecting a growth of 4.8 per cent while Moody’s is projecting a growth of four per cent.
The World Bank is, however, being…
The Managing Director of Standard Chartered Bank, Mansa Nettey, has been elected as the new President of the Ghana Association of Bankers (GAB).
This comes after the General Council of the Ghana Association of Bankers unanimously endors…
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…
Creating autonomous transport systems is hard enough but proving that the system is safe to customers and legislators is proving as great a challenge, says Dr. Luca Delgrossi, Head of Technology at Volvo Autonomous Solutions.
“Developin…
Market Summary
The GSE Composite Index opened the week flat at 2,002.29 with a 3.13% year-to-date return while the market capitalization was unchanged at GH¢55.07 billion.
The GSE Financial Index recorded no gains or losses, closing a…
In early 2020, the foremost chief executives, public figures, civil society representatives and experts on Africa convened to share and define a regional vision and drive action based on the region’s needs and priorities
Today, the World …
Top influential business people and leaders will be attending the Paris Appreciation Awards season 2 starting from 26th January Republic day of India and ending on August 15th independence day of India, the Paris Appreciation Awards 2021 a…
The global pandemic has driven businesses to shift and adapt operations to meet changing demands and new challenges. For many, this has meant a greater focus on collaboration and productivity, bringing to the forefront the need for simple …
Janet Yellen has been confirmed as the first ever female US treasury secretary in a Senate vote.
Ms Yellen, who headed the US central bank from 2014 to 2018, earlier won bipartisan support from members of the Senate Finance Committee.
…
Trading in the night is becoming popular among some traders at the Kwame Nkrumah Circle because it offers them an opportunity to evade tax and the payment of market tolls to city authorities.
Besides, the traders claim they trade at nig…
The scrapping of the Ministry of Aviation (MoA) after four years of serving as the government’s special-purpose ministry as far as specific policy development to enhance growth of the sector is concerned has generated divided opinion among…
UK firms that export to the EU say they are being encouraged by the government to set up subsidiaries in the bloc to avoid disruption under new trade rules.
Firms have been hit by extra charges, taxes and paperwork, leading some to stop…
China has overtaken the US as the world's top destination for new foreign direct investment, according to UN figures released on Sunday.
New investments into America from overseas companies fell by almost half last year, leading to the …
Local manufacturers have been advised to pay attention to their labelling before submitting products for certification.
According to regulatory agencies, improper labelling affects the registration and certification process compelling s…
President Nana Addo Dankwa Akufo-Addo on January 21, 2021, submitted the list of proposed Ministers of his new government to the Speaker of Parliament for approval.
Among the new nominees is Joseph Cudjoe, a former Deputy Minister of En…
Chairman of the Economic Community of West African States (ECOWAS) President Nana Akufo-Addo has called for the rapid establishment of a payment and settlement system for the ECOWAS region.
He made the call during the opening ceremony o…
The COVID-19 pandemic has posed numerous threats to the operations and financial sustainability of many businesses and resulted in dire economic consequences.
According to a recent COVID-19 Business Survey conducted by the Ghana Statist…
Galaxy S21 available with amazing gifts
The launch of Samsung’s latest S21 Series has been met with amazing reviews across the globe. The device empowers you to easily share and connect with state-of-the-art camera and video, a bold new…
OUT NOW! 2ND edition of “Billions at play” outlining the road to recovery for the African Oil and Gas Sector, post Covid-19
The book offers pragmatic answers and solutions to the historic challenges that the industry has faced throughou…
Fairtrade launches Virtual for all Middle East Africa 2021 Focus on MEA’s agrofood & plastprintpack sector on 18 to 20 May
After the great success of Virtual agrofood & plastprintpack Africa in November 2020, the German trade show speci…
ACCS signs 55-year ground lease with State of Alaska for new, runway-adjacent, 32.5-million-cubic-foot cold storage development at ANC
Alaska Cargo and Cold Storage, LLC (ACCS) and the State of Alaska executed a 55-year lease agreement …
Market Summary
The benchmark index advanced by 33.27 points (+1.69%) on the back of four counters to close the week at 2,002.29 with a 3.13% year-to-date return while the market capitalization increased by +0.70% to settle at GH¢55.07 bi…
The 7th edition of MMEC, Mozambique's longest lasting Mines, Energy, Oil and Gas event, will take place in April 2021 in a hybrid format
Event name 7th Mozambique Mining, Oil & Gas and Energy Conference and Exhibition
Event date 21 –…
Fitch Ratings has upgraded United Bank for Africa (Ghana) Limited's Long-Term Issuer Default Rating (IDR) to 'B' from 'B-' and Viability Rating (VR) to 'b' from 'b-'. The Outlook on the Long-Term IDR is Stable. A full list of rating action…
At a time when the world is being compelled to embrace the new normal, Vodafone Ghana is leading the way in redefining the role of Telcos in the new world through a systematic programme of digitalisation at scale.
The advent of the COV…
Scancom PLC (MTN Ghana) has received approval from the Regulator, Securities and Exchange Commission (SEC) to buy back over 1 million shares of applicants who failed to provide sufficient personal information to complete their Know Your Cu…
MTN Ghana Foundation has commissioned the Youth Employment and Entrepreneurial Project (YEEP) at Nsawam which saw 50 beneficiaries graduate with certificates in mobile phone repairs.
The project which was a partnership between the MTN …
The Board of GCB Bank Limited has announced the appointment of Mr. Emmanuel Odartey Lamptey as the new Deputy Managing Director (DMD) - Operations.
Mr Lamptey was sworn in as the DMD Operations and Executive Director of the Bank on Wed…
Like many other African countries, Ghana is still dearly paying for the unfortunate events of the 1970s. These events were generally characterised by chaotic military regimes, unsustainable debt accumulations the incessant appetite for sta…
The Producer Price Inflation rate for December 2020 increased by 7.0 per cent year-on-year.
This rate represents a 1.1 percentage point decrease in producer inflation relative to the rate recorded in November 2020 (8.1 per cent).
The…
info@businessghana.com
