Faced with sluggish sales to top export markets, virtually no foreign tourists, and decreasing restaurant sales due to COVID-19, Australian wineries are increasingly looking to locals to secure their livelihoods as coronavirus curbs ease.
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Wall Street faces a rocky run-up to Election Day, with mounting worries about the outcome in Washington adding to nerves about the coronavirus pandemic and fading chances of stimulus.
The Cboe Volatility Index, Wall Street’s “fear gauge…
Covid-19, beyond its tragic trail of destruction in the world, presents opportunities for the transportation industry as it does for the pharmaceutical, technology and consumer industries.
In Ghana, like many countries across the glob…
About 70 young entrepreneurs in Accra have benefited from an intensive hands-on-skill training in hairdressing, general electricals, welding, barbering and catering to enable them to patronise their chosen vocation.
The beneficiaries we…
The 26th China Yiwu International Commodities (Standards) Fair concluded in Yiwu on October 25, 2020. As the first large-scale foreign trade exhibition presented both online and offline in China amid regular epidemic prevention and control…
MTN Group Chief Executive Officer, board chairman and other top executives visit Ghana as part of a tour of priority MTN markets
The MTN Group President & Chief Executive Officer Ralph Mupita and the Board Chairman of MTN Group Mcebisi …
First Major Broker to Allow Investors to Easily Align their Portfolio with their Values
Interactive Brokers Group (Nasdaq: IBKR), a global brokerage firm, today unveiled an innovative, interactive Impact Dashboard designed to help clien…
Weekly Highlights
• Producer Price Inflation settled at 9.60 percent.
• Yields on 91-Day and 182-Day T-Bills surged last Friday.
• Accra Bourse headed southwards on EGH woes.
• Ghana cedi depreciated against all three major tradi…
Bank-supported network to address corruption, unethical behavior, avenues of support for leadership
The Women in Ethics and Compliance in Africa network, (WECA), a new initiative creating a membership group for women executives and mana…
With Expo 2020 Dubai now less than a year away, the eyes of the world are back on this much-awaited event as it gears up to help shape the future. A homegrown hotel brand that can be found at the heart of communities across Dubai – Rove Ho…
Europe's biggest bank, HSBC, has said it could start charging for "basic banking services" after it reported a 35% fall in quarterly profits.
It said it was considering charging for products such as current accounts, which are free to U…
Globe Productions, lead organiser of the annual Ghana Business Awards, has announced a shortlist of 213 companies and individuals for the 2020 awards.
A statement announcing the shortlist said no less than 307 companies and individuals …
Dannex Ayrton Starwin (DAS) PLC, a pharmaceutical manufacturer, has signed a Memorandum of Understanding (MoU) with a healthcare service provider, mPharma Pharmaceuticals Limited, to boost the country’s healthcare supply chain.
Under th…
Expands Bank, Wallet and Card Payout with Real-Time Capabilities advancing Global Digital Network to meet Growing Customer Demand
Western Union (NYSE: WU), a global leader in cross-border, cross-currency money movement and payments, an…
Venture capitalist and entrepreneur Vab Goel established the firm to help rapidly scale startups from concept to global relevance
First five investments are driving the future of enterprise and digital health
NTTVC today publicly ann…
MTN Ghana has signed a Memorandum of Understanding (MoU) with the National Folklore Board (NFB) that allows MTN Ghana to digitize and host the Ghanaian Heritage on the MTN Ayoba App. The MoU, will amongst other things, facilitate the distr…
British-bred Royal Enfield is expanding aggressively as it aims to tap into the world's biggest motorbike-buying market, in Asia.
One of the world's oldest bike brands still in operation has been owned by India's Eicher Group since 1994…
Britain and Japan have formally signed a trade agreement, marking the UK's first big post-Brexit deal.
The deal, unveiled last month, means nearly all its exports to Japan will be tariff free while removing British tariffs on Japanese c…
Speculation is mounting that Samsung could be shaken up after the death of chairman Lee Kun-hee.
Shares in several Samsung businesses rose amid reports that his heirs could be forced into asset sales or dividend payments in order to pay…
The Chief Executive Officer (CEO), Ghana Investment Promotion Centre (GIPC), has indicated government's resolve to mitigate the economic effects of the coronavirus pandemic and restore the Ghanaian economy to its rightful place.
Mr. Yof…
ARB Apex Bank has opened a multi-purpose office building in Adweso, a suburb of Koforidua in the Eastern Region, to provide a safer and conducive working environment for Rural and Community Banks (RCBs) in the region.
The GH¢3,142 milli…
The Tema Oil Refinery (TOR) has inaugurated its branch of the General Transport Petroleum and Chemical Work Union (GTPCWU) of TUC with a call on the government to provide the refinery with the needed crude to operate.
Mr Bernard Owusu, …
The Mobile Money Agents Association of Ghana (MMAAG) has called on mobile money operators in Tema and its environs to join the association for a stronger and united voice.
Mr Evans Otumfuo, General Secretary, MMAAG, speaking to the Gha…
Ms Esther Cobbah, Founder, Strategic Communications Africa Limited (Stratcomm Africa), has called on businesses to develop communication strategies that will enable them to cross cultural barriers.
She said that was particularly importa…
Minister of Finance, Ken Ofori-Atta is expected to present to Parliament on Wednesday, October 28, 2020 the Expenditure in Advance of Appropriation from January to March, 2021.
Besides, the House is also expected to consider the report …
Ghana has recorded total investments of US$869.47 million, with total Foreign Direct Investment (FDI) value amounting to US$785.62 million between January to June 2020.
Mr Yofi Grant, the Chief Executive Officer of the Ghana Investment …
Market Summary
The benchmark index moderated by 3.26 points (-0.18%) to close the week at 1,842.85 with a -18.36% year-to-date return due to two banking counters while the market capitalization inched down by 0.18% to settle at GH¢53.17 …
Leading off-grid utilities provider, Winch Energy, has been presented with the International Environmental Impact Award at the British Expertise International Awards 2020.
Awarded in recognition of the renewable off-grid power project …
Pepperstone , one of the world's largest brokers,+ enters the Kenyan forex trading market.
Pepperstone is built on an uncompromising level of service for all its clients, underpinned by some of the best prices and execution speeds in th…
To reaffirm its commitment to women’s economic empowerment, Absa Bank Ghana has unveiled a female banking proposition known as EMERGE to offer women entrepreneurs tailored value added financial solutions to empower them to sustainably grow…
WorldRemit Sees Remittances to Zimbabwe Double in Six Months and Introduces New Retail Partnership With OK Zimbabwe
Earlier this year, the World Bank forecasted that in the wake of the Covid-19 economic crisis, remittance flows to Sub …
US retailer Gap could close all of its own UK stores, putting thousands of jobs at risk, as it mulls shifting its operations to franchise-only in Europe.
Shops in the UK, France, Ireland and Italy could shut next summer, along with its …
Micro, Small and Medium Enterprises (MSMEs) in the Volta Region have received training on how to effectively manage their loans to boost their businesses.
The training organised by the National Board for Small Scale Industries (NBSSI) w…
Ghana has recorded an upsurge of $869.47 million in investment inflows for the first half of the year, in spite of the ravaging effects of the coronavirus disease (COVID-19).
The foreign direct investment (FDI) component amounted to $62…
The Ghana Cocoa Board (COCOBOD) has capitalised on the digitisation agenda of the government to come up with a new project which will create a database for the cocoa sector of the country.
The Cocoa Management System (CMS) will capture …
Ghana will produce an additional 91,000 metric tonnes of fish for fours years under the Healthy Food Africa Project, Madam Levina Owusu, Chief Director, Ministry of Fisheries and Aquaculture Development, has informed.
Ghana's annual f…
Daimler DAIGn.DE raised its profit outlook for 2020 on Friday after a record 24% jump in Chinese demand for its Mercedes-Benz cars boosted margins in the third quarter, though it warned that a spike in COVID-19 infections made forecasting …
The Africa Centre for Energy Policy (ACEP), a policy think tank, has called on the government to install a metered fuel dispensers at various landing beaches for proper accountability.
The Centre said the system should replace the Landi…
Seven communities in the Adansi North District will soon be connected to the national electricity grid.
The project is part of the $ 103 million rural electrification project which is being undertaken by the government under the China I…
About 300,000 smallholder farmers in the northern parts of the country are to receive improved certified seeds within the next two years to help increase their crop yields and incomes.
The assistance from the Alliance for a Green Revolu…
The Ghana Maritime Authority (GMA) has started the process to upgrade its Vessel Traffic Management and Information System (VTMIS) to address issues of insecurity within Ghanaian waters.
The project will see the installation and integr…
Wells Fargo & Co is exploring a sale of its asset management business, in what would be the U.S. bank’s biggest shake-up since former Bank of New York Mellon chief executive Charles Scharf joined as CEO last year, people familiar with the …
The Ghana Employers Association (GEA) has called on government to address the high cost of internet charges to boost the growth of local businesses and promote economic development.
Mr Daniel Acheampong, President of the GEA, said the h…
Mr Solomon Kusi Ampofo, the Programmes Coordinator of the Friends of the Nation (FoN), has urged Metropolitan, Municipal and District Assemblies (MMDAs) to adopt a more participatory and inclusive approach in its domestic revenue mobilizat…
Huawei Technologies Co Ltd eked out a gain in third-quarter revenue as the impact of the COVID-19 pandemic added to supply-chain difficulties brought about by U.S. restrictions on doing business with the Chinese firm.
The figure comes a…
The Minister of Trade and Industry, Mr Alan Kyerematen, says Ghana is ready to take advantage of the African Continental Free Trade Area (AfCFTA).
He said the government had rolled out the necessary structures capable of facilitating the …
The deliveries include the airline’s milestone 30th Dash 8-400 aircraft
The Ethiopian flag carrier and its strategic airline partners continue to showcase the outstanding operational performance of the Dash 8 aircraft across Afric…
EXIM Chairman Reed Underscores EXIM’s Commitment to Africa During Keynote Interview for Global Trade Review’s GTR Africa 2020 Virtual Conference
Export Import Bank of the United States (EXIM) President and Chairman Kimberly A. Reed yest…
Market Summary
The benchmark index gained 3.80 points (+0.21%) on the back of GCB Bank (+4.05%) to close today’s session at 1,842.85 with a -18.36% year-to-date return while the market capitalization was up 0.07% to close at GH¢53.73 bi…
Mastercard, IDEMIA and MatchMove Pilot Fingerprint Biometric Card in Asia to Enhance Security and Safety of Contactless Payments
Mastercard has teamed up with IDEMIA, the global leader in Augmented Identity, and MatchMove, a Singapore-b…
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