Government is to use a social intervention programme, the “Ghana COVID-19 Alleviation and Revitalisation of Enterprises Support” (Ghana-CARES), to bring the economy back on track.
The programme, christened, “Obatampa” is expected to mit…
The Government has revised its growth target downwards to 0.9 percent for 2020 from the projected 6.8 percent due to the negative impact of the novel Coronavirus, the Minister of Finance Mr Ken Ofori-Atta has announced.
Presenting the m…
The Planting for Food and Jobs Secretariat under the Directorate of Agriculture of the Ahanta West Municipal Assembly (AWMA) has received 235 bags of certified seed of maize for farmers under the Initiative.
In addition, a total of 5,20…
Emirates covers customers from COVID-19 expenses, in industry-leading initiative to boost travel confidence
World's first airline to offer its passengers free cover for COVID-19 medical expenses and quarantine costs, in a unique assuran…
A total of 5,000 businesses will be funded with a GH¢50 million seed capital under the Presidential Business Support Programme Window three to scale-up their businesses.
Since the inception of the initiative last month, about 9,000 star…
The Ministry of Finance, Mr Ken Ofori-Atta is set to announce a reduction in the Communication Service Tax from nine per cent to five per cent.
The move which will see the cost of calls and data reduce, forms part of measures being roll…
Large-scale enterprises are to benefit from a financial relief programme meant to mitigate the impact of the COVID-19 shock on their operations.
The package involves the disbursement of a total of GH?1.2 billion to businesses under term…
The Ghana Bar Association (GBA) has condemned incidence of violence at some registration centres the Electoral Commission (EC) is undertaking registration exercises.
“The GBA finds it disturbing and totally unacceptable the events that …
Government is to establish an Automobile Industry Development Centre to coordinate the technical processes for licensing vehicle assemblers and manufacturers, Mr Ken Ofori-Atta, the Minister of Finance said on Thursday.
The minister who…
Mr Cassiel Ato Forson, Ranking Member on Parliament's Finance Committee, has described as empty, the Government's Mid-Year Budget Review presented by Finance Minister, Ken Ofori-Atta on Thursday.
“There’s nothing in it for Ghanaians to …
Corporate giants including Nike face growing calls to cut ties with suppliers alleged to be using "forced labour" from China's Uighur people.
Activists have launched a campaign accusing firms of "bolstering and benefiting" from exploita…
People working from home have been eating more ice cream but neglecting their grooming habits, consumer goods giant Unilever has suggested.
The firm said ice cream sales leapt 26% in the three months to June, but demand for shampoo and …
Standard Chartered has announced the completion of an agreement for a EUR 78 million UKEF (UK Export Finance) supported financing to the Ministry of Finance, for the purpose of designing, constructing and equipping the new Eastern Region H…
A Chinese scientist suspected of visa fraud and concealing ties to the military has fled to China's consulate in San Francisco, the US says.
Prosecutors allege that the case is part of a Chinese programme to send undercover army scienti…
The International Finance Corporation (IFC), a member of the World Bank Group, has committed $5.6 billion to private sector development in the Middle East and sub-Saharan Africa in the fiscal year 2020.
The support is to aid businesses …
Mr Samuel Tettey, the Deputy Chairman in Charge of Operations at the Electoral Commission, on Wednesday said a total of 9,860,164 applicants have successfully registered as of July 20.
This, he said, represents 65.7 per cent of the proj…
The Producer Price Inflation (PPI) rate for June was 8.7 per cent compared with 8.4 percent recorded in May.
The month-on-month change in producer price index between May 2020 and June 2020 was 1.8 per cent.
The Mining and Quarrying su…
The Peasant Farmers Association of Ghana (PFAG) has proposed agriculture as a main mechanism to help revive the country's economy after the COVID-19 pandemic.
In a joint statement, five organisations with interest in agriculture, said s…
The volume of Mobile Money Interoperability (MMI) transactions jumped over 444 percent in the first half of this year compared to the same period last year.
According to the Ghana Interbank Payment and Settlement Systems (GhIPSS) Half Y…
Orange and NSIA launch Orange Bank Africa to provide greater access to financial services and improve the financial inclusion of people living in West Africa
Orange Bank Africa will address the needs of a large part of the population, o…
Spotify (NYSE: SPOT), the world’s most popular audio streaming subscription service, and Universal Music Group (UMG), the world leader in music-based entertainment, today announced a new, multi-year global license agreement that further al…
Infinet Wireless further cements West African presence with new Cameroon HQ and localised training programmes
Infinet Wireless, the global leader in fixed broadband wireless connectivity, has opened a new regional office in Cameroon as …
South Africa: African Development Bank approves first ever crisis response budget support of R5 billion to fight COVID-19
The Board of Directors of the African Development Bank has approved a loan of approximately R5 billion ($288 milli…
Vertiv Announces New Suite of Edge Infrastructure Products and Further Develops Award-Winning Partner Programme in Europe, Middle East and Africa
One year after the successful launch of its partner programme, Vertiv adds new benefits fo…
Vantage Capital provides R82.0 million of funding for Alleyroads, one of South Africa’s leading affordable housing developers
Alleyroads is a developer which is working to meet the demand for sustainable housing and help fulfil the gove…
The benchmark index moderated by 11.85 points (-0.63%) due to MTN Ghana (-1.75%) to close at 1,862.77 with a -17.47% year-to-date return while the market capitalization decreased by 0.23% to settle at GH¢52.57 billion.
The GSE Financial…
Mr Ken Ofori-Atta, the Finance Minister, will shortly deliver the mid-year budget review and supplementary estimates to Parliament.
The Minister is expected to brief the House on the macro-economic figures of the country for the first s…
Between April and June 2020, Emirates SkyCargo has facilitated the movement of essential commodities and other supplies for individual consumers and businesses across the world, by operating more than 10,000 cargo flights to destinations a…
Electric car maker Tesla has shrugged off the economic upheaval caused by the pandemic to report its fourth quarterly profit in a row.
The California company earned $104m (£82m) in the three months to 30 June, with the growth setting it…
Mr Yofi Grant, Chief Executive Officer of the Ghana Investment Promotion Centre (GIPC), on Wednesday called for financial investments in Ghana's railway sector to boost its development for enhanced transportation.
Mr Grant, in a stateme…
The Minerals Commission under its Sustainable Livelihood Projects (SLPs) is to distribute 200,000 oil palm seedlings to farmers in the Birim Central Municipality to help curb illegal mining.
The SLPs is being undertaken in mining commun…
Dr Mark Assibey-Yeboah, Chairman of the Finance Committee of Parliament, on Tuesday, said calls on the Minister to account for the monies approved by Parliament to fight COVID-19 pandemic during the mid-year budget review are wrong.
He…
Ecobank Ghana has dismissed reports of an attempted seizure of its assets over a debt the bank owes a private entity.
A report by Citinewsroom said the bank prevented the seizure of its assets on Tuesday, July 21, 2020 over fraud relate…
A group of agricultural organisations and Civil Society Organisations (CSOs) are proposing that the government must invest in the agricultural sector if it will revive the economy post-COVID-19.
According to them, since Ghana recorded i…
The Parliamentary Select Committee on Mines and Energy has urged the Ghana National Petroleum Corporation (GNPC) to look for potential investors to take over the Prestea Sankofa Gold Limited (PSGL).
The committee, in its report on the 2…
Fitch Ratings, the global credit rating agency, has affirmed the African Development Bank's (AfDB) Long-Term Issuer Default Rating (IDR) at 'AAA', with stable outlook.
According to the agency, "the 'AAA' rating of the AfDB is driven by …
Mode, the new breed digital banking app, has extended its partnership [5] with payments provider Modulr to launch its first feature powered by ‘Open Banking’, as part of a long term commitment to deliver a truly digital banking app. The fe…
The benchmark index closed the session flat at yesterday’s level of 1,874.62 with a -16.95% year-to-date return while the market capitalization stayed at GH¢52.69 billion.
The GSE Financial Index recorded no gains or losses, closing at …
Today Facebook released findings from The Impact of Facebook's Connectivity Initiatives in Sub-Saharan Africa, a study conducted by Analysys Mason that highlights how Facebook investments in infrastructure and connectivity across the regio…
Helping Emerging Economies Thrive: How Business
Registries can Facilitate Faster Economic Growth
Webinar "How to Climb up in Ease of Doing Business Rankings"
Improved business registries streamline nation-wide reforms that help cl…
Committee members gather decades of experience in the public and private sector all across Africa
In continuation of recent announcements on the African Energy Chamber’s Advisory Board (2020 – 2021) (EnergyChamber.org), the Chamber is d…
Following the completion of the divestment of its Power Grids business to Hitachi on July 1, 2020, and consistent with its overall capital structure optimization program, ABB will launch its previously announced share buyback program on Ju…
The Managing Director of Absa Bank Ghana Limited, Mrs. Abena Osei-Poku has been adjudged the 2019 Outstanding Woman CEO of the Year by Entrepreneurs Foundation of Ghana (EFG) during its 2020 Ghana Entrepreneurs and Corporate Executives Awa…
MTN, Ghana’s leading telecommunications service provider, is announcing the activation of the MoMo service as part of their partnership agreement with the Ayoba messaging app to allow customers to transfer money to their friends and loved …
The economic relationship between the UK and China has grown significantly over the past two decades.
In 1999, China was the UK's 26th biggest export market. It now sits in sixth place.
Trade between the two countries hit a record hi…
Mr. Charles Adu- Gyamfi, National president of the Ghana Progressive Hoteliers Association (GPHA) has appealed to the government to extend the electricity relief package for another three months to help sustain the hotel industry.
He ob…
Chinese Starbucks customers can order the coffee chain’s drinks on Alibaba’s Taobao marketplace and mobile map app Amap, the companies said on Tuesday, expanding a partnership signed in 2018.
Starbucks’ mobile pre-order and in-store pic…
Delays in payment of outstanding salaries and severance packages to former workers of defunct microfinance, savings and loans and finance house and microcredit companies is due to unavailability and access to employee data for verificatio…
Snap Inc (SNAP.N) said on Tuesday a bump in user growth at the start of coronavirus-led lockdowns petered out sooner than expected, and it forecast fewer current-quarter users than the Wall Street consensus.
Shares of Snap fell 11% in a…
Metro Mass Transit workers have resumed work after a two-week sit-down strike over unpaid salary arrears.
This follows hours of closed-door meetings with the Ashanti Regional Coordinating Council (RCC), the striking workers, the managem…
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