Market Summary
The benchmark index recorded no gains or losses, closing at 1,856.56 with a -17.75% year-to-date return while the market capitalization stayed at GH¢53.16 billion.
The GSE Financial Index remained unchanged at yesterday…
US Customs and Border Protection (CBP) has blocked the import of palm oil made by a Malaysian producer over forced labour concerns.
CBP cited physical and sexual abuse, debt bondage and abusive conditions as reasons for blocking FGV Hol…
Mr Sam Koranteng, Corporate Services Executive, Mobile Telecommunication Network (MTN) Ghana, has said the company, though an international one, has local roots by way of its continued investment in the Ghanaian economy.
He said the tel…
In line with the government’s medium term vision to use the aquaculture sub-sector to increase domestic fish production and generate additional jobs and employment along the aquaculture value chain for the youth, the Ministry of Fisheries …
ACI Worldwide and Mastercard to Collaborate and Advance New Payment Solutions and Experiences for Customers
ACI and Mastercard will begin their collaboration by working together to offer industry-leading technology and expertise to cent…
The Italian Trade Agency (ITA), an agency under the Italian Ministry of Foreign Affairs and International Cooperation, has rolled out a series of initiatives to boost trade relations between Ghana and Italy.
The initiatives include two …
* iGB Affiliate content stream to form part of ICE Africa Digital content
* Sessions to cover player education, African opportunities and strategy
* Content to run on 28 October, as part of programme running from 27 to 29 Octob…
The Centre for Women in Agriculture and Nutrition in Ghana, a Non-Governmental Organisation (NGO) based in Wa has commended the Government for its efforts aimed at reducing food loss in the country.
It particularly commended the governm…
The Centre for Child Protection and Development Africa (CCPDA) has adopted a strategy to increase opportunities for women in the agricultural value chain to improve on their income.
Mrs Mavis Owiredu Nagel, the Founder of CCPDA, said…
Ghana Cocoa Board on Tuesday signed a $1.3 billion syndicated loan agreement with local and international banks for the purchase of cocoa for the 2020/21 season.
Parliament in August approved the syndicated loan, which comes with an int…
Since the beginning of the health crisis, Orange Middle East & Africa (Orange MEA) has stepped up its e-learning initiatives
Orange (Orange.com) announces the launch of its online training platform "Orange Campus Africa" in partnership …
Nissan realigns regional operations to accelerate business transformation in newly created AMIEO region
Seven global regions to become four to accelerate Nissan NEXT business transformation plan
Europe including Russia, Africa, Middle …
British retail and e-commerce companies learn about the Egyptian market, how to overcome market access barriers and how to connect to Egyptian partners
The UK Department for International Trade (DIT) and Egyptian British Chamber of Co…
Royal Dutch Shell has said it plans to cut 7,000 to 9,000 jobs as it responds to challenges including the slump in oil demand amid the Covid-19 pandemic.
The oil giant said the cuts would be implemented by 2022 and included 1,500 people…
The 36th edition of the National Farmers' Day for this year will be held in Techiman in the Bono East Region on November 6, 2020.
The national event will be held on the theme: "Agribusiness Development under Covid 19 - Opportunities and…
The Ghana Ports and Harbours Authority says the appointment of Dr. Alexander Yaw Adusei, Jr. as the Director of the Port of Keta, currently in its formative stages, is not and cannot be out of place.
It is in keeping with “international…
A programme to help advance United Nation's Sustainable Development Goals and strengthen business opportunities in Ghana will be launched in Accra on October 6, 2020.
It is a collaboration between the Ministry of Business Development, t…
Accra service will be operated by the airline’s state-of-the-art Boeing 787 Dreamliner featuring 22 seats in Business Class and 232 seats in Economy Class
Passengers from Accra can enjoy more flexible travel options via the most connect…
Partnership covers general insurance in five East African countries
It aims to expand and broaden the insurance markets across East Africa
Transaction is subject to regulatory approvals
Jubilee Holdings Limited (“JHL” or “Jubilee Insu…
Airline industry - Passenger Traffic sinks 90.1% in Africa during August - Global Forecast Downgrade After Dismal Northern Summer - IATA
Traffic Forecast Downgrade After Dismal Summer
The International Air Transport Association (IATA…
MACROECONOMIC INDICATORS
Q2, 2020 GDP -3.2%
Average GDP for 2020 0.9%
2020 Projected GDP 0.9%
BoG Policy Rate – Sep, 2020 14.50%
Weekly Interbank Interest Rate 13.55%
Inflation for Aug, 2020 10.5%
End Period Inflation Target - 2020…
The Yidan Prize Foundation, a global philanthropic educational foundation inspiring future progress and change in education, today has announced the 2020 laureates of the Yidan Prize. The Yidan Prize is the world’s largest international pr…
IRENA’s annual jobs review confirms long-term growth trend and calls for strong policy action to maximise employment benefits in response to COVID-19
Renewable energy continues to bring socioeconomic benefits by creating numerous jobs w…
Having moved online for 2020, the API Summit Virtual, will take place under the theme of Resilience, Opportunity & Innovation (ROI)
Speaking ahead of the 11th annual African Property Investment (API) Summit Virtual (APISummit.co.za), wh…
To further complement its various interventions in support of the national efforts to reduce the negative impact of COVID-19 in Ghana, Fidelity Bank has introduced an auto loan package for members of the Ghana Medical Association who have …
A new cocoa fertiliser has been launched to help cocoa farmers to increase the weight, volume and quality of cocoa beans they produce for export.
The foliar fertiliser, Kelik Potassium, was launched in Kumasi by an agro-input company, A…
Two subsidiaries of the Enterprise Group - Enterprise Life and Enterprise Insurance, emerged Life Insurance Company of the Year and General Insurance Company of the Year respectively at the 2020 Ghana Insurance Awards held in Accra.
In …
Bakery chain Greggs has hinted at possible job cuts as the government's furlough scheme ends.
The company, which employs 25,000 workers, expects business activity to "remain below normal for the foreseeable future".
It said it had re…
Fifteen more youths in the Komenda-Edina-Eguafo-Abrem (KEEA) Constituency have benefited from a pig farming project initiated by Mr Samuel Atta Mills, the Member of Parliament (MP).
The MP had earlier provided some piglets to 25 persons…
The Bank of Ghana sees an economic growth recovery of up to 2.5 per cent in 2020, underpinned by large fiscal stimulus packages, supportive monetary policies and widespread easing of restrictions.
Dr Ernest Addison, the Governor of the …
President Nana Addo Dankwa Akufo-Addo has inspected ongoing works on two major development projects in the Ashanti Region intended to boost economic growth.
They include the Kumasi Airport Redevelopment Project and Proposed Apparel Manu…
Mrs Jemima Oware, the Registrar-General, on Monday, inaugurated the Bono Regional Office of the Registrar-General’s Department to make services accessible for prospective clients.
The Bono Regional office would undertake the registratio…
The Monetary Policy Committee (MPC) of the Bank of Ghana has maintained the policy rate at 14.5 per cent, citing improved outlook to growth and inflation.
Addressing a press conference in Accra, Dr Ernest Addison, the Governor of the Ce…
Creating and Growing Emergency Fund.
Emergency fund is money set aside in a separate account to be used in case of true emergency from unexpected bills to job loss in order to protect financial wellbeing. Recent financials challenges as a…
Weekly Highlights
• Producer Price Inflation dropped further to 9.0 percent.
• Interest rates on 91-Day and 182-Day T-Bills upped last Friday.
• GSE drove further southwards.
• The Cedi sustained a year-to-date appreciation agains…
The Forum engages with a wide range of institutions to help shape the global agenda
The World Business Angels Investment Forum today announced the African Development Bank (AfDB.org) as its newest Board Member. In this capacity the Bank…
SouthBridge Group and Brazil Africa Institute sign partnership to bring Brazilian investors closer to the African opportunities
Both organizations seek to jointly create a platform that will make it easier for Brazilian investors approa…
Mixed Performance in Apparel and Footwear Sector Recovery as Nike Online Sales Jump by 82% but Under Armour Sales Drop by 25%
The retail industry divide is widening as the strong get stronger while others fight for survival. Mixed perfo…
Company Aims to Grow Regional HVAC Presence with Total Integrated Solutions Centered on Expertise and Partnership
A senior executive at LG Electronics communicated the company's intention to expand the company's presence in the Middle E…
Strong showings in three financials advanced the benchmark index by 22.09 points (+1.20%) to close at 1,856.56 with a -17.75% year-to-date return while the market capitalization increased by 0.44% to close at GH¢53.16 billion.
Standard…
CEO of Vodafone joined World influential figures on two separate panel discussions at the United Nations General Assembly
Chief Executive of Vodafone Ghana, Patricia Obo-Nai, has joined world influential figures on two separate panel di…
In a post-pandemic environment, African banks will have to navigate not only an economy in recession, but one where there will be many disruptors to existing business models and a rapid acceleration of existing trends such as digitalisatio…
Nissan has unveiled a 100% electric emergency response vehicle concept, designed to provide a mobile power supply following natural disasters or extreme weather events.
Called RE-LEAF1, the working prototype is based on the Nissan LEAF …
Africa's economic future is at the heart of this year's Fintech Africa, which forms a key component of AfricaTech 2020, part of the virtual Africa Tech Festival
Fintech and Blockchain technology have the potential to lift the lid on man…
BCX deploys Epsilon's NaaS platform Infiny to expand its global reach and resiliency for its multi-national customers
Epsilon, a global connectivity and communications service provider, has partnered with Business Connexion (BCX), one …
The Ghana Commodity Exchange (GCX), in collaboration with the Juaben Food Bank Limited, has inaugurated a warehouse to help curb the perennial post-harvest losses of agricultural produce in the area.
Mrs Tucci Goka Ivowi, Chief Executiv…
The Minister of Tourism, Arts and Culture, Mrs Barbara Oteng -Gyasi together with the Western Regional Minister, Mr Kwabena Okyere Darko- Mensah have joined residents of Prestea Huni-Valley to plant trees to mark this year’s World Tourism …
The President, Nana Addo Dankwa Akufo-Addo, has commissioned an Integrated Composting and Recycling Plant at Adagya in the Bosomtwe District in the Ashanti Region.
The $95-million plant, with a capacity to convert 2,400 tonnes of waste …
President Nana Addo Dankwa Akufo-Addo Monday commissioned the Kasapreko Water, Juice and Soft Drinks Factory at Kwadaso in the Ashanti Region.
The company, operating under Government’s One -District- One-Factory (1D-1F) initiative, has …
Clive Perkins hasn't been to a supermarket since March, but he's just driven to an Aldi store in Loughborough to have his groceries delivered straight to his car.
He's one of the first customers to try its new click and collect trial - …
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