The Securities and Exchange Commission (SEC) has warned the public to abstain from engaging in any capital market activity with Chy Century Heng Yue Group Limited and Sairuir-Commerce Ghana Limited.
According to SEC, the two entities ha…
Mr James Duddridge, the United Kingdom (UK) Minister for Africa, has called for the strengthening of bilateral ties between the UK and Ghana, for the mutual benefits of both countries.
He said the UK-Ghana relations historically had bee…
The World Bank has revised Ghana’s 2021 growth rate and forecasted the economy to grow at 1.4 per cent this year.
This year’s forecasted Gross Domestic Product (GDP) growth rate is below the 3.4 per cent the Bank earlier projected in Ju…
China’s search engine Baidu has announced it will partner with carmaker Geely to make smart electric vehicles (EVs).
Baidu will provide “intelligent driving capabilities”, while Geely will offer design and manufacturing expertise.
Ge…
The Importers and Exporters Association of Ghana has appealed to the government not to increase port clearance charges in 2021.
The Executive Secretary, Importers and Exporters Association of Ghana, Mr Samson Awingobit Asaki, in an inte…
The Africa Centre for Energy Policy (ACEP) has launched a research report that exposes critical gender gaps in allocation of resources, utilization and benefits in mining communities in Ghana.
The report, which is titled, “Promoting gen…
Mr Tsonam Cleanse Akpeloo, the Greater Accra Regional Chairman of the Association of Ghana Industries (AGI), has asked the government to pursue policies that would improve the business environment, reduce the cost of capital and financing,…
The pioneer and leader in agency banking, Fidelity Bank Ghana, rewarded its best performing agents in an awards ceremony in Accra, themed “The relevance of Agency Banking in a Pandemic (COVID-19)”. The bank also used this important occasio…
Elon Musk has just become the richest person in the world, overtaking Amazon founder Jeff Bezos.
The Tesla and SpaceX entrepreneur's net worth has crossed $185bn (£136bn) after an increase in the share price of the electric car company.…
The Institute of Energy Security (IES) has predicted a two to three percent increase in fuel prices in the coming days. This is for the first pricing window for January 2021.
According to a statement from the Institute, this price incre…
Head of Policy for the Fairtrade Foundation Tim Aldred has urged the UK government to clarify the timetable for finalising its agreement with Ghana.
He also wants the UK Government to put in place provisional mechanisms so that Ghanaian…
The total market capitalisation of the Ghana Stock Exchange (GSE) as of the end of December last year increased by GH¢264.68 to GH¢54, 374.88.
At the same period, a total volume of 1,836,300 shares valued at GH¢1,264,084.00 were traded …
After returning losses to investors for the first three quarters of 2020, the Ghana Stock Exchange returned a gain of 5.2 % for equity investors in the fourth quarter, a development which should continue in 2021 and lead to the first posit…
Department store chain John Lewis is one of many British business that have scrapped overseas deliveries.
Until last month, it offered EU delivery through its website, but the offer has now been withdrawn.
John Lewis said the move wa…
A floating regasification unit (FRU) that will allow Ghanaian customers to access Liquified Natural Gas (LNG) in the first quarter of 2021 is expected to arrive in the country on Thursday.
The purpose-built FRU, which was built by Jiang…
Online fashion group Asos has announced it will invest £90m in a new fulfilment centre in Staffordshire, with a plan to employ 2,000 people at the site over the next three years.
The 437,000 sq ft, AEW and Allianz Real Estate joint vent…
Elon Musk has become the world's richest person, as his net worth crossed $185bn (£136bn).
The Tesla and SpaceX entrepreneur was pushed into the top slot after Tesla's share price increased on Thursday.
He takes the top spot from Ama…
The Ghana Institute of Freight Forwarders (GIFF) has said it will scrutinize the new revision of port tariffs before its implementation this year.
This comes after a recent announcement by the Ghana Ports and Harbours Authority stating …
The Volta Development Forum, (VDF), an apolitical organisation of the people of Volta descent, has announced a $ 1 billion financial package to support the development of the Region.
Dr. Prince Kludjeson, President of the organisation, …
Further enhancing its African presence, Andersen Global enters Congo by way of a Collaboration Agreement with tax and legal firm Africa Tax & Legal Services (ATLS).
The firm, based in Pointe-Noire, has an international reputation as one…
Government has designated the Customs Division of the Ghana Revenue Authority (GRA) as the Competent Authority for the issuance of Rules of Origin Certificate under the African Continental Free Trade Area (AfCFTA).
Rules of origin are a…
French luxury giant LVMH has completed its purchase of US jeweller Tiffany, having previously sought to walk away from the deal.
The firm has named a new team to lead Tiffany, which includes a son of LVMH chief executive Bernard Arnault…
The Social Security and National Insurance Trust (SSNIT) has increased monthly pensions by 10% for the year 2021.
In a public notice SSNIT said the increment means all pensioners on the SSNIT Pension Payroll as at December 31, 2020, wil…
Greggs expects up to a £15m loss for the year, which would be its first annual loss since it listed its shares on the stock exchange in 1984.
The bakery chain said it does not expect profits to return to pre-Covid levels until 2022 at t…
The Ghana cedi ended last year with a depreciation rate of 3.93 per cent to the US dollar, making it one of the best performing currencies in Sub Saharan Africa.
The impressive performance also makes it the best since 2017 when it depre…
Ghana bagged $2.89 billion from Non-Traditional Exports (NTEs) in 2019 according to figures from the Ghana Exports Promotions Authority (GEPA).
The 2019 non-traditional exports earnings was 3.10 per cent higher than that of 2018 which w…
Every 48 pesewas out of one cedi you spent on telephone call or data goes to government as taxes, levies and fees, the Ghana Chamber of Telecommunications has said.
This according to the Chamber was the reason behind the high cost of mo…
PRESIDENT Nana Addo Dankwa Akufo-Addo will start his final four-year tenure on January 7 with his task on the economy well cut out for him. He will be expected to lead the revival of an economy that has been pushed into its first recession…
New car registrations fell to their lowest level in nearly three decades last year, according to preliminary figures from the industry's trade body.
It was also the biggest one-year fall since World War Two, when factories were being tu…
Business owners should strategise on how best to thrive during the covid-19 pandemic.
This would not only ensure the survival of their businesses but help with preventing the spread of the pandemic.
The Reverend Kennedy Okosun, Exec…
The African Union has transferred all functions related to the African Continental Free Trade Area (AfCFTA) Agreement from Addis Ababa, Ethiopia to Accra, Ghana.
The decision of the 13th Extraordinary Session of the Heads of State and G…
The Volta Development Forum, (VDF), an apolitical organisation of the people of Volta descent, has announced a $ 1 billion financial package to support the development of the Region.
Dr. Prince Kludjeson, President of the organisation, …
Africa Finance Corporation Secures US$250 Million Capital Loan From US Government’s International Development Finance Corporation
Africa Finance Corporation (“AFC” or “the Corporation”), the leading infrastructure solutions provider in …
US President Donald Trump has signed an executive order banning transactions with eight Chinese apps.
The apps include popular payments platform Alipay, as well as QQ Wallet and WeChat Pay.
The order, which takes effect in 45 days, s…
Ghana Oil Company Limited (GOIL), a state owned oil and gas company, has opened two new service stations at Abrepokese and Abrepokuma in the Kumasi Metropolis.
The opening of the two facilities is part of efforts by the Company to exten…
President Nana Addo Dankwa Akufo-Addo Tuesday officially signalled the beginning of Ghana's trading relationship with other African countries under the Africa Continental Free Trade Area (AfCFTA) agreement.
This means that Ghanaian entr…
"I think the impact would be huge," says Ahsan Bhatti, owner of online pharmacy Quick Meds.
He is concerned about the prospect of online giant Amazon moving into the pharmacy business in the UK.
"I'm worried. They'll have a massive m…
The New York Stock Exchange (NYSE) has scrapped its decision to delist three Chinese telecoms companies.
President Donald Trump signed an executive order in November barring American investments in Chinese firms owned or controlled by t…
The Ghana Union of Traders Association (GUTA) says its members will commence brisk business with Nigeria with the reopening of the country’s land borders.
Speaking to Citi Business News, President of the Association, Dr Joseph Obeng, sa…
Serene Insurance Company Limited, a subsidiary of the First Sky Group, has announced that it has fully met the new minimum capital requirement of the National Insurance Commission, NIC, one year ahead of the official deadline.
This anno…
The Association of Ghana Industries is calling on the government to introduce a tax regime that would make local producers competitive especially with the commencement of the Africa continental free trade Area agreement (AFCFTA).
Speaki…
The founder and CEO of Caveman Watches and Time Piece GH, Mr Anthony Dzamefe has been named the Entrepreneur of the Year at the Seventh Africa Youth Awards.
Mr Dzamefe who quit his low-paying job to venture into the manufacturing of bes…
President Nana Addo Dankwa Akufo-Addo says Ghana's economy is on track despite the challenges of the Covid-19 pandemic.
He said though the disease threatened to derail the gains made in the first three years of his administration, the p…
Some EU specialist online retailers have said they will no longer deliver to the UK because of tax changes which came into force on 1 January.
Bicycle part firm Dutch Bike Bits said from now on, it would ship to every country in the wor…
The Interim Management Committee (IMC) of the Ghana Chamber of Events Management (GCEM) has been inaugurated in Accra.
GCEM, a regulatory and advocacy body for its members and of the events industry in Ghana, was formally incorporated i…
The National Insurance Commission has extended the deadline for the recapitalization of insurance companies from June 2021 to January 2022.
The extension of the deadline is as a result of the economic impact of the COVID-19 pandemic whi…
A merger between Fiat Chrysler and France's PSA Group faces its final hurdle as the two companies seek shareholder approval on Monday.
The deal, if approved, will create the world's fourth biggest carmaker and comes two years after talk…
Government and all stakeholders involved in sustainable cocoa production have been urged to decentralize education on the Cocoa Forest Initiative (CFI) to the district and community levels.
A baseline survey on the CFI, a national plan to…
The Kumasi Metropolitan Assembly (KMA) is envisioning the digitisation of revenue mobilisation to ensure the processes meet contemporary standards and practices.
The move forms part of efforts to use digital tools for a more effective m…
Africa’s Largest Entrepreneurial Intervention Leads Way on Covid-19 Economic Recovery
TEF Targets Over 3,000 SMEs – Dedicated Focus in 2021 on Female Entrepreneurs
The Tony Elumelu Foundation (TEF), Africa’s leading philanthropy de…
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