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…
The Chamber of Petroleum Consumers (COPEC) has called on the government to ensure that only persons with requisite knowledge and expertise are assigned to manage the various energy sector institutions.
A recent circular from the governm…
Donald Trump has taken a final swipe at China and its biggest companies, imposing more sanctions and investment bans in his last days of office.
Nine Chinese firms have been added to the Pentagon's blacklist of alleged ties to the Chine…
Mr Andrews Teddy Ofori, Hohoe Municipal Chief Executive (MCE), has said the quality of ongoing construction works on a modern Hohoe Central market would qualify the Assembly for future grants.
Construction works on a modern market for t…
President-elect Joe Biden has unveiled a $1.9tn (£1.4tn) stimulus plan for the coronavirus-sapped US economy before he takes office next week.
If passed by Congress, it would include $1tn for households, with direct payments of $1,400 t…
The Ghana Chamber of Construction Industry (GhCCI) has asked government to honour its many promises to settle its indebtedness to its members without further delay.
The Chamber’s CEO Emmanuel Cherry, who says government’s indebtedness o…
Market Summary
The benchmark index was up 1.73 points (+0.09%) on the back of two counters to close today’s session at 1,969.25 with a 1.42% year-to-date return while the market capitalization increased by 0.03% to settle at GH¢54.69 bill…
Key developed economies to see weakening labor market trends, according to proprietary employment indicator by GlobalData
Employment trends are expected to weaken for most countries, according to findings from GlobalData’s new proprieta…
Employers "have a duty" to support staff who suffer domestic abuse but few have adequate policies in place, the government says.
It said bosses were in a unique position to help but a "lack of awareness and stigma" held them back.
Ca…
The year-on-year inflation rate rose to 10.4 per cent in December compared to 9.8 per cent the previous month, the Ghana Statistical Service said on Wednesday.
The rate is 0.6 percentage point higher than the rate for November, 2020.
…
The Ghana Investment Promotion Centre (GIPC) has initiated a probe into allegations that Chy Century Heng Yue Group Limited was engaged in capital market trading activities.
The GIPC action was triggered by a statement issued by the Sec…
Nose masks sellers in Makola at the Central Business District in Accra are making good sales following the re-opening of schools across the country after nine months of COVID-19 shutdown.
A visit by the Ghana News Agency (GNA) to the Ma…
The Food and Drugs Authority (FDA) has hinted of the strict enforcement of the requirement of registration prior to the importation of products with effect from February 1, 2021.
The Authority said despite the requirement of registratio…
Mr Kenneth Thompson, Chief Executive Officer, Dalex Finance Limited, on Wednesday said Ghana stands to face grave economic challenges in 2021, if government does not adopt the right economic recovery strategy.
He said the Ghanaian econo…
The social and economic devastation from the coronavirus pandemic helped win Joe Biden the White House - and his first months in office will be devoted to tackling it.
While the country remains sharply divided, Mr Biden's party has cont…
Application processes through the Integrated Customs Management System (ICUMS) for export under the African Continental Free Trade Area (AfCFTA) is to commence on January 18, 2021.
Tema, Jan.13, GNA - Application processes through the I…
The Registrar-General’s Department (RGD) on Wednesday directed that clients make all transactional payments for any service rendered at the Department in a Bank’s Draft, effective Monday, January 18, 2021.
This, it said was to curb the …
Energy analyst and lead technical consultant to the Chamber of Petroleum Consumers (COPEC), Dr Yussif Sulemana says the African Continental Free Trade Area Agreement (AfCFTA) coupled with the establishment of a state-of-the-art refinery by…
Tesla has moved closer to its launch in India later this year by registering a company in the country.
Tesla Motors India and Energy Private Limited was incorporated last week with registered offices in Bengaluru.
Tesla chief executi…
Prudential Bank has attained the internationally recognised PCI DSS certification (Payment Card Industry Data Security Standard) thus providing a safe and secure environment for its customers to undertake their card transactions.
The PC…
The Western Regional office of the Ghana Water Company Limited has entreated consumers in the Region to settle all arrears to enable the Company to operate efficiently.
Nana Yaw Barne, the Regional Communication Manager said the Office …
The Sekyere Rural Bank at Jamasi in the Sekyere South District, made significant progress by increasing its profit before tax by 28 per cent.
Dr. Francis Denteh, Chairman of the Board of Directors, told the shareholders at its 31st meet…
In 2021, business will face a globally fragmented recovery from COVID-19; now is the time embrace risk and focus on the rebound
The COVID-19 pandemic, emerging digital threats, climate change and the US China relationship are among the …
Jaguar Land Rover marked the end of 2020 with a second successive quarter-on-quarter recovery in sales, despite the continuing impact of Covid-19.
Retail sales for the quarter ending 31 December 2020 were 128,469 vehicles, 13.1% highe…
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