Business confidence in many areas of the economy is at a record low, a new survey has indicated.
The Scottish Chambers of Commerce (SCC) survey suggests retail and construction have been among the worst hit sectors during the Covid-19 c…
Primark is going ahead with plans to open five new stores in the US, France and Poland, despite economic uncertainty over the coronavirus.
It comes as other High Street brands cut costs and lay off staff.
The latest update from Prima…
No less than 200,000 miners across Ghana, Cote d’Ivoire and Tanzania are the target of the language barrier-bridging Interactive Voice Response (IVR) platform rolled out by Solidaridad, an international civil society organization.
The I…
BANKS in the country will require some magic to deliver a strong performance in the second quarter, the Managing Director of CAL Bank, Mr Philip Owiredu, has stated.
He said if COVID-19, which was serious in just one month in the first …
THE Chief Executive Officer (CEO) of the Ghana Investment Promotion Centre (GIPC), Mr Reginald Yofi Grant, has been appointed as an External Independent Member, for a two-year mandate on the board of the OACPS’ Endowment and Trust Fund (E…
RELIEF packages provided by banks to cushion businesses from the impact of the coronavirus disease (COVID-19) have been met with mixed reactions from some business associations in the country.
While some maintained that the relief packa…
The Ghana Revenue Authority (GRA) has charged Everyday Tissue Manufacturing Ghana, producers of toilet rolls, for evading tax and failure to issue the GRA's Value Added Tax Invoice.
The company, located at Kwame Wetei at Awutu Breku, wa…
Experts in business, education, health and international relations have called on countries to cooperate in the fight against the COVID-19 pandemic.
They said to confront the ravages of COVID-19, countries needed to tackle the virus str…
MobileMoney Limited has extended the fee waiver on MoMo on-net transfers up to Ghs100 daily till Sept 30, 2020.
The extension of the MTN and Bank of Ghana COVID-19 initiative gives opportunity to MoMo customers to continue s…
Tesla has become the world's most valuable carmaker, overtaking Japan's Toyota, after its stock hit a record high.
Shares in the electric carmaker touched $1,134 on Wednesday morning before falling back, leaving it with a market value o…
THE Ghana Cocoa Board is on course to sign its US$1.3 billion syndicated loan in September despite the COVID-19 pandemic which has brought economic activities around the world to a standstill, the Chief Executive Officer, Mr Joseph Boahen …
The Former Chief Executive Director and co-Founder of the erstwhile GHL Bank Limited, Mr Dominic Adu, has been appointed Managing Director of First National Bank Ghana Limited, effective July 1.
Mr Adu, a chartered accountant, is now th…
"Ma po tofu has to be a favourite," says David Yeung, a smile evident in his voice. "It's very spicy, a little bit numbing, and usually sprinkled with minced pork."
Hong Kong-based Mr Yeung is the founder of OmniPork, part of the enviro…
Aerospace giant Airbus says it plans to cut 15,000 jobs as it deals with the effects of the coronavirus crisis.
It will cut 1,700 jobs in the UK, along with thousands more in Germany, Spain and elsewhere.
The move is subject to talks…
BUSINESSES in the country have been impacted by the pandemic in an unprecedented way. While some of the businesses have closed their doors or sent workers home, some restaurants and “chop bars” for example are only providing delivery serv…
REPRESENTATIVES of 60 Vegetable Value Chain-associated institutions and networks have called on government to create and support a functional value chain policy that optimises the use of land and water resources to guarantee continuous pro…
With the easing of travel restrictions across the globe, Ethiopian Airlines is welcoming back business and leisure travellers with programmes aimed at safeguarding their health and safety.
The programme reinforces Ethiopian pledge to pr…
The World Bank's Board of Executive Directors has approved $315 million from the International Development Association (IDA) to support job creation, skills development and digital transformation in the country.
This financing includes …
The GSE Composite Index advanced by 33 points (+1.77%) on the back of two telecom and oil marketing counters, MTN Ghana (+5.36%) and GOIL Company (+3.13%) to close at 1,899.90 with a year-to-date return of -15.83% while the market capitali…
MACROECONOMIC INDICATORS
Q1’ 2020 GDP 4.9%
Projected GDP for 2020
BoG Policy Rate – May 2020 14.50%
Weekly Interbank Interest Rate 13.81%
Inflation for May, 2020 11.3%
End Period Inflation Target - 2020 8.0%
Budget Deficit (% GD…
Since its inception, interest in Bitcoin has been much stronger in younger age groups than in older ones. However, a recent study conducted by Mode Banking reveals that Bitcoin (BTC) investments have been doubling every month since Februar…
International Energy Agency’s Africa Dialogue Needs to be Inclusive for a Workable Africa’s Energy Transition
The Chamber reiterates its support to inclusive dialogues that take into account the realities of African economies and of ene…
In Times When Black Lives Finally Matter, Building Purpose-Driven Businesses is Key to Economic Empowerment
The Opportunity Fund will invest only in companies led by people of color, and is the first such fund to be created in response …
On June 30, 2020, Panasonic Corporation announced that it has received the highest accolade as Best of Best in the Brand Design category at the Automotive Brand Contest 2020, which is organized by German Design Council (Rat für Formgebung)…
MTN Ghana has partnered Samsung Ghana to present 500 Samsung Galaxy A2 Core Smartphones to support Government and the Ghana Health Services as they lead the fight against COVID -19 through enhanced Contact Tracing.
The phones come with…
Investing in Bonds (PART 1).
A bond represents a loan made by an investor to a borrower. The borrower is typically a corporate or government institution. Governments borrow from investors through treasury bonds while corporate institutio…
Two leading UK firms - the insurer Aviva and the Intercontinental Hotels Group (IHG) - have become the latest to "pause" advertising on Facebook.
They join Ford, Adidas, HP, Coca Cola, Unilever and Starbucks, which have all acted in res…
THE Public Interest Accountability Committee (PIAC), has called on government to, as a matter of urgency, address the unsustainable debt of the Ghana National Gas (GNGC).
At the launch of PIAC’s annual report, 2019 in Accra, the Chairma…
GHANAIAN owned ride hailing transport service, Cedicab, has been launched in Accra with a commitment to help transform the country’s transport sector, especially the app taxi charter services in Ghana and Africa.
Managers of the new ser…
European shares edged down, oil fell and the dollar erased some gains on Tuesday, with little of the optimism of the Asian session extending into early London trading, as markets took stock at the end of the first half of 2020.
The MSCI…
Shell, one of the world's largest oil companies, has warned that the low price of oil could reduce the value of its assets by up to $22bn (£17.9bn).
It said it expects oil to change hands at $60 per barrel in the long term and to be pri…
A drinks maker has become China's most valuable publicly-listed company, overtaking the country's biggest bank.
Kweichow Moutai is a luxury spirit favoured by Chinese politicians and businesspeople looking to impress.
The company's s…
Springboard partners two institutions to launch COVID-19 recovery programme -Aims to support 692,000 young people
THE Springboard Road Show Foundation, in partnership with the Mastercard Foundation and Solidaridad has launched the COVI…
Cocoa farmers in some communities in the Fanteakwa South District have received training in alternative livelihood empowerment programmes to generate additional incomes.
The training programme was organized by the General Agricultural W…
Mr Mohammed Aminu Osman, Chief Executive Officer of Karima Multi-Company Limited in Kumasi, has been honoured with the 2019 Change - Maker Excellence Award, at the maiden Muslim Executives Dinner night held in Kumasi.
The award was in r…
Mrs Elsie Addo Awadzi, the Second Deputy Governor of the Bank of Ghana, said critical public-private sector investments in infrastructure over the medium-term will be key to increase the manufacturing capacity of the economy post-COVID-19.…
The Wharton School named world’s leading Executive MBA provider
QS Quacquarelli Symonds, global business education analysts and consultants, have today released their annual list of the world’s leading Executive MBA providers. The Wha…
The benchmark index closed the week 48.51 points (-2.52%) lower at 1,872.79 with a -17.03% year-to-date return as five insurance, oil marketing, telecom and banking stocks fell on declining rates while the market capitalization decreased b…
Back to business: Practical commercial versions of New Defender 90 and 110 will restore the Hard Top name to the iconic 4x4 family
Unstoppable capability: New Defender Hard Top body designs will bring unrivalled breadth of on and off-road…
The African Continental Free Trade Area Agreement (AfCFTA) was due to implemented this week, 1 July 2020, before the impact of COVID-19 caused its inevitable delay. However, AfCFTA Secretary General Wamkele Mene confirmed recently at a Bl…
The benchmark index moderated by 5.89 points (-0.31%) due to Standard Chartered (-3.13%) to close the session at 1,728.38 with a year-to-date return of -14.42% while the market capitalization decreased by 0.12% to settle at 52.61 billion.
…
Fidelity Bank Ghana recently held its 2020 Annual General Meeting (AGM) via a virtual platform for its shareholders to receive and adopt the Reports of the Directors, Auditors and the Financial Statements for the year ended 31st December 2…
Business resilience remains one of the most important and relevant ways for organisations to bypass legacy challenges and to explore new opportunities
By George Ferreira, Senior Sales Director: Applications at Oracle South Africa and SA…
After its full rebranding, Absa Bank Ghana has won its first global industry award in less than a year. The bank has been adjudged the 2020 Best Retail Bank in Ghana by the reputable international business magazine Global Banking & Finance…
Sustainable Energy for All sets out clear, practical steps for African countries to recover better from COVID-19 and close energy access gaps
As countries continue to rebuild from the COVID-19 pandemic, a new guide by Sustainable Energy…
The UK economy shrank more than first thought between January and March, contracting 2.2% in the joint largest fall since 1979, official figures show.
The Office for National Statistics (ONS) revised down its previous estimate of a 2% c…
Mr Yoofi Grant, the Chief Executive Officer of Ghana Investment Promotion Centre, says the use of different currencies across Africa for trade is a huge barrier to the continent.
He said it would be much easier for African countries to …
Nineteen Ghanaian agribusinesses have benefited from a capacity building training programme held by the Italian Trade Agency (ITA).
Opening the training programme held via Google hangout, the Head of ITA for Ghana, Nigeria and Cote d’Iv…
The boss of Delta Air Lines says the carrier will continue to limit the number of people on its planes beyond September.
So far the airline has been capping the numbers on board its flights to no more than 60% of capacity.
It is aimi…
Mr Ziad Hamoui, the National President of the Borderless Alliance, Ghana, on Sunday said there are lessons to be learnt from the economic storm that the coronavirus pandemic had brought in its wake.
He said the current arrangement where…
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