A Ghanaian-owned garment manufacturing company was adjudged the best Small and Medium Scale Enterprises (SMSE) organisation in Africa in the 2020 Africa Kaizen Awards held in South Africa.
Mckenzie Ghana Limited, a Sunyani-based company…
The Deputy Minister of Trade and Industry Mr Robert Ahomka-Lindsay has charged Ghanaian entrepreneurs to target at producing for African markets before targeting foreign ones.
This he said was vital for the success and growth of any bus…
Private sector players engaged in the export sector in the Northern Region have been urged to add value to their products to make them competitive and to fully benefit from the African Continental Free Trade Area (AfCFTA) Agreement.
Dr …
The Ghana International Trade Commission (GITC) has presented a report to the Minister of Trade and Industries on the alleged dumping of aluminium coils and circles originating in or imported from China.
The Commission after the investi…
The National Insurance Commission (NIC) which is the regulatory and supervisory body of the insurance services sector with a broad consumer and prudential mandate under Insurance Act 2006 (Act 724) has published a list of insurance and bro…
The Ghana Stock Exchange (GSE) is in discussion with the State Interest and Governance Authority (SIGA) to get state-owned enterprises to list on the local bourse.
The discussions, when completed, will see the state enterprises offload …
Chinese president Xi Jinping has said China will open up its "super-sized" economy to import more high-quality goods and services.
China will also sign free trade pacts with more countries, he said on Thursday.
Mr Xi was speaking at …
The Senior Minister, Mr Yaw Osafo-Maafo, on Wednesday officially launched the Coronavirus Alleviation and Revitalisation of Enterprises Support (Ghana CARES) to revitalise businesses and transform the economy, ravaged by the COVID-19 pande…
Chief Executive Officer (CEO) of the Ghana Cocoa Board(COCOBOD) Mr Joseph Boahen Aidoo has inaugurated the Wassa Amenfi Cocoa Farmers Cooperative Union at Wassa Akropong.
The Union, which is made up of 815 registered individual cooperat…
The Ghana Export Promotion Authority (GEPA) in Collaboration with the Ministry of Trade and Industry and the National Coordination Office for the African Continental Free Trade Area (AfCFTA) would begin full implementation of the AfCFTA in…
Allianz Global Corporate & Specialty (AGCS) South Africa appointed Helga Edwards as Senior Liability Underwriter effective November 18, 2020, reporting to Regional Head of Liability in Mediterranean and Africa, Marine Ress , and AGCS South…
• Damen Schelde Naval Shipbuilding and Thales signed a €1.5B contract for the delivery and full integration of Thales’s Mission and Combat System for the four MKS 180 class frigates.
• A key milestone for the development of European def…
MTN Ghana’s Corporate Social Investment projects have received massive recognition at the 2020 edition of the Sustainability and Social Investment Awards for the transformational CSR initiatives it has implemented to promote social change …
Ghana’s Micro, Small, and Medium Enterprise sector to grow through Absa Bank Ghana and Mastercard Foundation partnership
Absa Bank Ghana and the Mastercard Foundation today announced a partnership aimed at stimulating the growth of mic…
African Countries must develop Strategic Fiscal Policies to Survive Oil and Gas Industry Changes on Horizon (By NJ Ayuk)
The African Energy Chamber has said since it was founded that African countries with petroleum reserves must adopt …
Advisory Committee focus on Competition with China, EXIM Support for U.S. Exports to Sub-Saharan Africa
The Sub-Saharan Africa Advisory Committee (SAAC) of the Export-Import Bank of the United States (EXIM) yesterday convened a meeting …
MTN Ghana has been inducted into Chartered Institute of Marketing Ghana (CIMG) Hall of Fame after it was adjudged Telecom Company of the Year for the third consecutive time and Marketing Oriented Company of the Year.
The awards were p…
The Enterprise Group has cut sod for the construction of a modern three storey classroom block at the Bishop Mixed JHS, next door to the Enterprise House on the John Evans Atta-Mills High Street, Accra,. The new block will come with nine…
British Airways is to launch a voluntary Covid-19 test for passengers travelling to the UK from three US airports.
The airline wants to persuade governments that testing travellers will make quarantining unnecessary.
American Airline…
The world’s three most expensive cities are now Hong Kong, Zurich and Paris, according to a new cost of living report.
Singapore and Osaka, which were equal first with Hong Kong last year, have slipped down the rankings.
The Economis…
Bitcoin, the world's best-known cryptocurrency, has jumped above $17,000 (£12,800) to hit a three-year high.
The digital currency has suffered plenty of wild price swings since it was launched in 2009.
But investors have been flockin…
New cars and vans powered wholly by petrol and diesel will not be sold in the UK from 2030, Prime Minister Boris Johnson has said.
But some hybrids would still be allowed, he confirmed.
It is part of what Mr Johnson calls a "green in…
Ghana's transit trade is estimated to generate GHc 134 million annually, as revenue for the nation.
Ms Benonita Bismarck, Chief Executive Officer of the Ghana Shippers Authority (GSA) who made this known, said transit trade had become a…
The Fisheries and Aquaculture Department of the Department of Food and Agriculture in Dormaa Central Municipality has constructed four earth ponds for the production of over 8,800 catfish and tilapia under government's Aquaculture for Food…
• 5G could drive up to USD 31 trillion in cumulative consumer revenue in the ICT industry by 2030
• Communications service providers (CSPs) could earn up to USD 3.7 trillion in cumulative 5G-enabled consumer revenues by 2030
• Augmented …
Market Summary
The GSE Composite Index closed today’s session flat at 1,821.83 with a -19.29% year-to-date return while market capitalization stayed at GH¢53.12 billion.
The GSE Financial Index remained unchanged at yesterday’s level o…
The financial knowledge and capabilities in Africa are often misunderstood by many outside the continent
While the International Monetary Fund acknowledges the damaging recession effects of Covid-19 in Africa the economic outlook for th…
Local female entrepreneurs will gather to network, learn from each other & urge the private sector as well as the government to do more to support the economic development of women
Women’s Entrepreneurship Day (WED) (WomensEDay.org) is …
H.E. João Lourenço, President of the Republic of Angola, made it to the list for the first time after several years of reforming the industry and making it one of the most competitive on the continent
The latest Top 25 Movers & Shakers …
All new Nissan Navara to be assembled in Accra.
Nissan today appointed longtime partner Japan Motors Trading Co. as its local partner in an all-new vehicle assembly facility in Accra.
The appointment is a result of the 2018 memorandu…
As one of the leading forex brokers, HYCM is committed to educating those interested in the financial markets
HYCM (HYCM.com), a well-established global forex broker, attended an exclusive financial webinar as a guest of the American Un…
Ghana is finding avenues to raise domestic production of sugar to meet local demand.
The avenues, which include support to sugar manufacturers to produce more and the attraction of foreign direct investments (FDIs) into the business, fo…
The Ghana Export Promotion Authority (GEPA) is spearheading the formulation of a new National Export Development Strategy, to help promote a rapid increase in non-traditional exports (NTEs) within the next 10 years.
The Strategy, aligne…
Dr Ernest Addison, the Governor, Bank of Ghana on Tuesday urged banking institutions to put in place effective cyber risk management policies to secure and safeguard their systems against possible cyber-attacks.
He said the digitization…
Ghana on Tuesday, signed a Framework Arrangement (FA) with the Government of the Republic of Korea, concerning the concessional loans from the Economic Development Cooperation Fund (EDCF) for the years 2020 to 2022.
Mr Ken Ofori-Atta, t…
THOUGHT OF THE WEEK
A guide to Fixed Income Investing (Part 1)
As discussed previously, fixed income investments are debt securities that pay investors interests at a fixed rate for a specific period of time. They include certificates …
Scancom PLC (MTN Ghana) will host shareholders at an Extraordinary General Meeting (EGM) on Thursday December 3, 2020. The meeting which will be held virtually will be streamed live from the company’s Head office at MTN House, Independence…
Invest In Africa (IIA), an enterprise that accelerates the growth of small and medium-sized enterprises (SMEs) in Africa, has been awarded Best Non-Profit Organisation by the Chartered Institute of Marketing Ghana (CIMG), for the second ye…
After an eventful week for tech entrepreneur Elon Musk, his personal fortune has shot up by more than $15bn (£11.3bn).
On Monday, it was announced that his electric car company Tesla has been accepted into the S&P 500, a major US stock …
EasyJet has reported its first annual loss in the airline's 25-year history as the coronavirus crisis continues to affect the travel industry deeply.
The airline posted a loss of £1.27bn for the year to 30 September as revenues more tha…
The National President, apex body of the Women in Poultry Value Chain (WIPVac), Mrs Victoria Norgbey, has said the COVID-19 is not only a health crisis, but also becoming a food crisis as well.
She said because farmers were the main act…
A two-day cashew pricing workshop to propose a pricing model for cashew in Ghana is underway in Accra.
The workshop which started today is being organised by the pricing committee of the Cashew Council Ghana (CCG), an extension of the p…
Ten dynamic and innovative agribusiness start-ups have been nominated to partake in the Agritech Investment Readiness Accelerator Programme following a four-phase rigorous and competitive selection process.
The selected companies are st…
Mr Danquah Addo Yobo, West Africa Regional Director, Yara International, has called for the empowerment of women to thrive in the business of agriculture.
He said men dominated the management of agriculture but women dominated the janit…
The African Energy Chamber (Chamber) is pleased to launch its second annual Top 25 Movers and Shakers list. Forming part of its Africa Energy Outlook 2021 report, the list profiles key individuals who are expected to impact the industry in…
The 56th Annual Meetings of the African Development Bank and the 47th Annual Meeting of the African Development Fund are scheduled to take place from 24 to 28 May 2021
“We promise to champion African excellence and deliver a befitting e…
MACROECONOMIC INDICATORS
Q2, 2020 GDP Growth -3.2%
Average GDP Growth for 2020 0.9%
2020 Projected GDP Growth 0.9%
BoG Policy Rate – Sep, 2020 14.50%
Weekly Interbank Interest Rate 13.55%
Inflation for Oct, 2020 10.1%
End Period Inf…
Chief Executive Officer (CEO) of Vodafone Ghana, Patricia Obo-Nia, has been adjudged the best CEO of the Year at the just ended Ghana Information Technology and Telecom Awards (GITTA).
The annual awards, which celebrate Telecommunicatio…
One of the top meetings of the travel industry since it was launched in 1980, the WTM London Fair was held online due to the pandemic for the first time this year. Turkey was represented by the Turkey Tourism Promotion and Development Agen…
Market Summary
The GSE Composite Index began the week 0.11 points (+0.006%) higher at 1,821.83 with a -19.29% year-to-date return on the back of one consumer product. The market capitalization inched up by 0.002% to close at GH¢52.12 bill…
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