An investment fund, InvestCorp Mid-Tier Fund, closed the 2019 year with a yield of 18.29 per cent.
This is 3.59 percentage points higher than the 91-Day Treasury Bill yield.
The fund’s Assets Under Management (AUM) also grew to GH¢17…
The Youth Sector Engagement Group (Y-SEG) on Thursday launched the “Business Solutions for Young Entrepreneurs” in Accra to provide business recovery and resilience support to young entrepreneurs.
The 3-month programme, will focus on pr…
This solution will be rolled out across countries and regions, such as Southeast Asia, the Middle East, Latin America, and Africa
At HUAWEI CONNECT 2020, Sunline and Huawei (Huawei.com) jointly released the Digital Loan One Box Solution…
Under the High Patronage of His Excellency Macky SALL, President of the Republic of Senegal
Conclusions & Recommendations of the review of Senegal’s mining code (2016) to be made at the SIM Senegal Virtual Mining Summit
In the continue…
Consortium of Global Multilateral Development Banks Calls for Measures to Support Trade Continuity in Sub-Saharan Africa
Bankers, interviewed for the Trade Finance ‘Pulse Check’, unanimously call for an urgent switch in the focus of sup…
In less than six months, the COVID-19 pandemic has changed the way businesses operate and people live, particularly the usage of mobile phones.
Mobile phones have become a lifeline for many. A significant number of mobile phone users use…
Red River Biorefinery in Grand Forks, North Dakota, came online in April, arguably the worst time for an ethanol facility to begin operating as the coronavirus pandemic sank fuel demand.
Instead of shutting like many ethanol facilities,…
EasyJet has warned it faces losses of more than £800m this year and that it expects to fly at just 25% of normal capacity into next year.
The annual loss will be the first in EasyJet's 25-year history.
Although the airline said in a …
The United Nations is supporting Ghana with 90 million dollars and mobilising additional 40 million dollars in the next 18 months to aid Ghana's recovery from the COVID-19 pandemic, Mr Charles Abani, the UN Resident Coordinator in Ghana, h…
GCB Bank Limited, Ghana’s largest and first indigenous Bank has partnered Eliho Ghana Ltd. to facilitate the transfer and receipt of funds in the cocoa farming and purchasing ecosystem, using the G-Money platform.
The G-Money/Eliho par…
This year marks an important milestone for P.I. Works, as it is our 15th year of supporting the telecoms industry. Our ethos has been built on the idea of transforming the way mobile networks are managed and changing users’ lives for the b…
SSA construction sector to sharply slide into recession as COVID-19’s impact on economic activity and investment growth deepens
SSA construction sector to sharply slide into recession as COVID-19’s impact on economic activity and invest…
Standard Chartered (+7.14%) pushed the GSE Composite Index upward by 12.83 points (+0.70%) to close at 1,852.62 with a -17.92% year-to-date return while the market capitalization increased by 0.25% to settle at GH¢53.12 billion.
The GSE…
GE Renewable Energy’s Grid Solutions business (NYSE:GE) has been awarded a contract of US$47 million for a substation project in Benin
Contract totaling US$47 million awarded to GE Renewable Energy’s Grid Solutions (GEGridSolutions.com)…
Qatar Airways has announced it would operate four weekly flights to Accra, Ghana, via Lagos from 29 September 2020, becoming the fourth new destination launched by the national carrier of the State of Qatar since the start of the pandemic.…
The attention of the international community turned to Ghana yesterday with the launch of the global initiative: For Better Business Together (4BBT), a new international partnership to strengthen businesses in the world following the COVID…
Goldstar Air, a wholly owned airline, has entered into partnership with the Government of Liberia to revive Liberia’s airline.
Liberia’s new national carrier has been named and branded as Lone Star Air (Wings Of Liberia) and will initia…
Parliament has approved an amount of US$243.6 million, being Supplier’s Credit Agreement between Ghana and Dongfang Electric International Corporation, for the procurement of Standard Gauge rolling stock (trains).
The terms and conditio…
In less than two years of activity, Gozem has passed the two million trip milestone. Launched in Lomé, Togo in November 2018 with a motorcycle-taxi service, Gozem is now operational in seven cities across Togo and Benin where it is now kno…
Beverage giant, Twellium Industrial Company Limited has received certifications from the International Organization for Standardization (ISO) and Hazard Analysis and Critical Control Points (HACCP) to affirm its conformity to world-class s…
More than 107 million members added worldwide over the past decade
The international credit union movement added over 17 million members in 2019 to reach a new membership high of more than 291 million in 118 countries, according to Worl…
Statement on behalf of all 54 member countries of the Commonwealth calls for action to support more vulnerable nations on improved access to financing and debt sustainability
Commonwealth Finance Ministers have today issued their first …
U.S. President Donald Trump said late on Tuesday Congress should quickly extend $25 billion in new payroll assistance to U.S. passenger airlines furloughing thousands of workers as air travel remains down sharply amid the coronavirus pande…
New York-based Delta Children, which makes cribs in China for retailers such as Walmart, briefly studied moving production to the United States as supply shortages caused by the COVID-19 pandemic added to its hefty bill from U.S. import ta…
AXIS Pensions Trust Limited has rolled out an educative programme on personal finances to help sensitise the public to the rudiments of proper financial management.
Dubbed ‘Axis Smart Monet Talk,’ the programme features a discussion…
Mr Kenneth K. Thompson, Chief Executive Officer of Dalex Finance on Tuesday noted that control of the financial sector by indigenous companies is a matter of National Security.
“There are certain risks, a foreign financial institution w…
The management of Ghana Community Network Service Limited (GCNet) has filed a motion at the Accra High Labour Court, challenging the enforcement of an arbitration award over the terms of a redundancy compensation payment to its workers.
…
Tropo Farms Limited, a leading Tilapia Farm in Africa, has opened a new sales depot in Takoradi in the Western Region to boost fishery business and create employment opportunities for Ghanaian youth.
The company trades on the brand name…
Tullow Ghana Limited (TGL), operator of the Jubilee and Tweneboa, Enyenra and Ntomme (TEN) fields, has announced a significant milestone of 300 million barrels of oil production from the Jubilee field.
A statement issued by Tullow Ghana…
Supermarket giant Tesco has seen first-half profits rise by more than a quarter as customers bought more food during the pandemic and online orders doubled.
Pre-tax profit for the 26 weeks to 29 August was £551m, 28.7% up on 2019.
It…
Business for Peace Foundation has announced the launch of their Future of Business programme, a new global impact-driven event series focused on accelerating development towards the UN Sustainable Development Goals (SDGs) through investmen…
Governments around the world are boosting their healthcare infrastructure?—?both in response to COVID-19 and to make sure they can weather any outbreaks to come
Investment opportunities in Africa are changing rapidly because of COVID-19…
Huawei has long been committed to working with partners to build more user-friendly and automated branches for banks, providing high-tech experiences for customers
By Huawei industry experts
The Coronavirus has accelerated the need f…
Creating and Growing an Emergency Fund (Part 2).
Managing an emergency fund requires great discipline. Before setting up an emergency fund, there is the need to set goals on how and when the fund shall be used. The fund must only be used …
The Ghana Shippers’ Authority (GSA) has organised a forum for exporters and shipping service providers operating at the Kotoka International Airport (KIA) in Accra.
On the theme, “The Utilisation of Appropriate Logistics for safe and se…
Government's cocoa farm rehabilitation programme would increase the production of cocoa from 800,000 tonnes per annum to an estimated 1.5 million tonnes in the years ahead, Mr Yaw Buaben Asamoah, Director of Communication, New Patriotic Pa…
Solidaridad, an international Civil society, is partnering the Ghana COCOBOD to introduce farm service support to cocoa farmers in a bid to boost output of the sector now facing challenges of pests and diseases.
Operating under the Coco…
Mrs Gertrude Ohene-Asienim, Chairperson of the West African Branch of the Institute of Chartered Shipbrokers (ICS), has encouraged shippers to use the right International Commercial Terms (Incoterms 2020) in their trade transactions.
Th…
The Apex Bank of the Association of Rural Banks (ARB) has earned the International Organisation for Standardisation (ISO) 27001; 2013 Certification.
Mr Kojo Mattah, Managing Director of ARB, said the Bank was awarded the coveted certifi…
Mr Kenneth K. Thompson, Chief Executive Officer of Dalex Finance, on Monday asserted that Small and Medium Enterprises (SMEs) are the backbone of the Ghanaian economy, representing about 85 per cent of businesses largely within the private…
Introducing new XF: Enhanced exterior design, all-new beautifully crafted interiors, advanced connectivity and efficient engines
New exterior: New front bumper, all-LED headlights, new grille and new rear bumper deliver a more ass…
Mr Kojo Mattah, Managing Director of the Apex Bank of the Association of Rural Banks (ARB) has said despite the growth of rural banking through a rigorous sector clean-up, and an unexpected pandemic, business in the sector still picked up.…
United Bank for Africa, America (UBA America) has partnered other banks to arrange US$1.3bn syndicated loan to purchase cocoa beans by the Ghana Cocoa Board (COCOBOD) in the 2020/2021 crop season.
According to a statement from COCOBOD,…
To empower customers to conduct personalized online transactions from any location, Fidelity Bank Ghana Limited has introduced Kukua, its WhatsApp Banking Assistant.
The 24-hour WhatsApp Banking Assistant, fully conversant with the bank…
The government has decided to suspend the launch of the Initial Public Offer (IPO) of the Agyapa Royalties deal on the London Stock Exchange (LSE).
The Ministry of Finance has said it does not intend to proceed with the IPO ahead of the…
Ghana International Bank plc has announced the appointment of Baafuor Ohene Abankwa as Head of Client Coverage for its Africa Business.
He will be responsible for managing the African Coverage Team and is tasked with leading the growth …
Weekly Highlights
• Ghana’s economy contracted in 2nd quarter of 2020
• Business and Consumer sentiment on recovery mode
• Yield on 2-year note upped by 25 basis points, now at 18.50 percent.
• GSE ended the first trading week in t…
AGCS report: traditional property and liability claims have been subdued during lockdowns but this was more than outweighed by a surge in Covid-19 related claims notifications, particularly from the entertainment industry.
Impact of the…
In line with its commitment to continually reward and engage its customers, Vodafone Ghana is once again celebrating Customer Experience Week with a host of exciting activities and initiatives.
Commencing the week-long celebration, Vod…
Afrikhaliss: Suguba announces the names of the best technology startups in Francophone West Africa for this edition
Suguba (Suguba.org) in partnership with Mercy Corps and the French Development Agency (AFD) is organizing its second inv…
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