Railway season ticket holders and commuters will see a 1.6% rise in fares from January in spite of a slump in passenger demand.
About half of rail fares are pegged to July's Retail Price Index, which defied economists' forecasts and ros…
The Public Interest and Accountability Committee (PIAC) has launched an issue paper cataloguing a number of issues needing urgent attention in the petroleum revenue management space.
The paper, which has been launched ahead of marking a…
Ghana has taken on more debts in the past three-and-a-half years than it had done in 59 years.
The spike in borrowings in recent times has caused the national debt stock to hit a grim milestone of GH¢258.4 billion in June this year – mo…
The Public Interest and Accountability Committee (PIAC) has said there is a loophole in allowing the Minister for Finance to place a cap on the Ghana Stabilisation Fund (GSF) at his or her discretion as necessitated by macroeconomic condit…
US President Donald Trump wants to offer tax credits to entice US firms to move factories out of China.
He has also threatened to strip government contracts from firms that continue to outsource work to China.
In a speech on Monday, …
Ryanair has said it will cut capacity by 20% in September and October following "notably weakened" bookings in recent days.
The airline said the drop was driven by "uncertainty over recent Covid case rates in some EU countries".
It s…
The session one of the 11th Edition of a Master Training Programme (MTP) to promote the African Cashew Value Chain commenced on Monday in Sunyani.
The five-day programme scheduled to end on Friday, August 21 is under the auspices of t…
The African Continental Free Trade Africa (AfCFTA) signals that Africa is open for business and mutually beneficial investment thereby creating decent jobs and improving livelihoods, Mr Wamkele Mene, Secretary General of the AfCFTA, has re…
The President of the Ghana Union of Traders Association(GUTA) has called for the establishment of a special bank to offer loans at a special rate to traders and industry to promote business in the country.
The call was made by the Presi…
The Ningo Prampram District Assembly (NiPDA) has held a forum on challenges farmers faced in the passing year and how to improve upon their yield under its Research Extension Linkage Committee(RELC).
Heads of zonal level farmers' associ…
Agro Innova, a local start up and agro-tech company which uses simple digital innovation to address challenges in agriculture has been crowned winner of the maiden "Outstanding Agro-Tech Company of the year award 2019/2020".
The award w…
Government revenues in Africa are estimated to drop in 2020 by $45 billion, from the pre-COVID forecast, the African Union (AU) Chairperson, President Cyril Ramaphosa of South Africa, has said.
He said this depreciation would further co…
Gabriel Beltran moved from Uruguay to Miami with the dream of making it big as a drummer.
Five years ago, he was struggling to pay his rent and living on his girlfriend's student loan.
Then he made over $20m (£15m) through a little-k…
There's an old adage in Asian business circles: when China sneezes, Asia catches a cold. So imagine what happens during a pandemic.
When China locked down, supply chains around the region were hit and companies couldn't get access to ra…
The BBC's weekly The Boss series profiles different business leaders from around the world. This week we speak to Mirco Wiegert, co-founder and boss of soft drinks company Fritz-Kola.
Students Mirco Wiegert and Lorenz Hampl had decided …
Global food and agri-business Olam International Limited and its wholly owned subsidiary, Olam Treasury Pte. Ltd. (“OTPL”), have secured a dual tranche financing facility (the “Facility”) aggregating US$200 million from the European Bank f…
Advans Ghana Savings and Loans, in collaboration with OikroCredit, its partner, has started the distribution of Personal Protective Equipment (PPE) and sanitary products to its clients.
The five-day event will see more than 2,000 clie…
GCB, has once again been listed by The Financial Brand as one of the Power 100 banks using social media for the first two quarters of 2020.
GCB for the second time since 2019, was the only Ghanaian bank that got listed among the 18 ban…
The benchmark index moderated by 3.56 points (-0.19%) to open this week at 1,872.85 with a -17.03% year-to-date return while the market capitalization was down 0.07% to settle at GH¢52.67 billion.
Guinness Ghana (-10.00%) dragged the SAS…
Solidaridad, an International Development Organization, through its Satellite for Business project, an interactive digital platform, is facilitating access to finance for smallholder cocoa and oil palm farmers.
The project is providing …
The two entities will convene the brightest minds to discuss how blockchain technology will transform the supply chain and logistics industry
The India Blockchain Alliance (IBA), the leading trade association promoting the comprehensive…
Nissan South Africa has become the first vehicle manufacturer to launch a new intuitive digital application technology to assist customers when applying for vehicle finance online.
The Nissan pre-finance tool is powered by WesBank and a…
Financial institutions in Ghana are reluctant to lend to farmers due to the associated high risk. The risk emanates from uncertain weather conditions, which affect crop productivity and sales, limited savings of farmers and the difficulty …
Thousands of people packed shoulder-to-shoulder with no face masks in sight, frolicking on rubber floats and cheering along to a music festival.
It's not a very 2020 image, but it was the scene this weekend in the Chinese city of Wuhan,…
In Africa, the maturity of a startup raising seed funds is arguably higher than in other continents due to the scarcity of capital
Startup entrepreneurs are working to harness Africa’s potential. Together they represent a critical pipel…
A new weighbridge for cargo trucks has been inaugurated at Tema Community One in the Greater Accra Region.
The weighbridge will check and ensure that cargo trucks do not exceed their load limits.
The facility cost GH¢10-million and c…
It is in times of crisis that good leaders emerge. Real test of leadership does not occur when everything is smooth-sailing, rather leadership is oftentimes tested during a crisis.
While a lot of leaders have failed in times of cris…
Madam Shirley Ayorkor Botchwey, Minister of Foreign Affairs and Regional Integration, has assured Mr Wamkele Mene, first Secretary-General, African Continental Free Trade Area (AfCFTA), of Ghana’s support in the project’s operationalisatio…
Mr Alan Kwadwo Kyerematen, the Minister of Trade and Industry, has said the operationalisation of the African Continental Free Trade Area (AfCFTA) is estimated to increase intra African trade by US$35billion annually or 52 per cent by 2022…
Stock Market Highlights
Losses in Fan Milk Ghana Ltd (-9.09%) and Unilever Ghana Ltd (-9.94%) dragged the benchmark index down by 0.53% to close at 1,876.41 with a -16.87% year-to-date return. Market capitalization followed the market’s t…
Weekly Highlights
? July’s inflation settled at 11.40 percent.
? Interest rates on 91-Day and 182-Day T-Bills surged.
? GSE tumbled on account of selloffs in some consumer stable stocks.
? The Cedi depreciated against the three ma…
Kevin Okyere, CEO, Springfield Group, tells Oxford Business Group
The far-reaching implications of finding commercially viable quantities of oil and gas in deepwater drilling off Ghana was one of several topical issues explored by Kevin…
The Managing Director (MD) of Consolidated Bank Ghana, Daniel Wilson Addo has given a rare insight on how banks have supported to revive Ghana’s economy amidst the mitigating impact of the Coronavirus pandemic. Speaking at the Ghana’s Most…
MTN Ghana, has delivered a strong profit after tax growth of 33.6% year-on-year (YoY) to GH¢1.01 billion as at December 2019. The increased profitability performance was anchored on strong service revenue growth coupled with successful exe…
Finnfund provides US$10 million loan to First National Bank Ghana to strengthen capacity in Ghanaian financial sector
Finnfund, a Finnish development finance company and impact investor, has provided a US$ 10 million senior loan to Firs…
The benchmark index shed 10.05 points (-0.53%) as a result of downward price movements in two consumer products to close the week at 1,876.41 with a -16.87% year-to-date return while the market capitalization decreased by 0.20% to settle a…
Somali special forces say they have ended a siege at a hotel in the capital Mogadishu that was stormed by armed al-Shabab militants.
At least 12 people were killed at the beachside Elite Hotel, in addition to five militants, according t…
Emirates launches an airbridge between Dubai and Lebanon dedicating over 50 flights to deliver much needed emergency relief support
* Airline will enable people around the world to donate cash or Skywards Miles to be converted to cargo …
The Japanese economy has shrunk at its fastest rate on record as it battles the coronavirus pandemic.
The world’s third largest economy saw gross domestic product fall 7.8% in April-June from the previous quarter, or 27.8% on an annuali…
Parliament last Friday approved five agreements to allow the country to derive maximum value from its mineral resources and monetise its mineral income accruing to the country in a sustainable and responsible manner, in line the Minerals I…
Authorities of Tema Port say they are ready to support any logistical and infrastructural platforms geared towards improving export and import of goods.
Mrs Sandra Opoku, Director of Port, Tema, giving the assurance said “we are happy t…
Micro, Small and Medium Scale Enterprises (MSMEs) in the Volta Region have started receiving their share of Government’s coronavirus package for businesses.
Mr Seth Klutse, the Volta Regional Director of the National Board for Small Sca…
Borrowing costs are so cheap right now that not even Apple Inc. could resist, becoming the latest to join a boom in issuance from the world’s biggest technology companies.
Apple, which hadn’t borrowed in dollars more than once in a cale…
Getting all your cardboard recycled may often seem like a pain, but there is big money to be made from all this so-called "beige gold". And sadly this is attracting criminals around the world.
Thieves are making a fortune from stealing …
China Mobile Ltd.’s revenue rose in the first half as the coronavirus pandemic prompted industries to accelerate steps toward digitalization, boosting demand at the country’s biggest phone company.
Operating revenue gained 0.1% to 389.9…
President Nana Addo Dankwa Akufo-Addo will on Monday, August 17, commission and hand over the African Continental Free Trade Area (AfCFTA) Secretariat Building in Accra to the African Union Commission (AUC).
It will be recalled that a…
No one was surprised to see Disney's (NYSE: DIS) revenue take a plunge in the fiscal 2020 third quarter. Details of its theme park closures and openings have been very public, as is the fact that the parks segment has historically been one…
Some citizens of Pramso in the Bosomtwe District of the Ashanti, have petitioned the Asantehene, Otumfuo Osei Tutu II, over the destruction of their farmlands.
They are demanding justice for what they said was the wanton destruction of …
MTN Ghana says it would exploit the several opportunities in the digital and financial services space and invest in infrastructure to further accelerate the company's growth in the future.
Chief Executive Officer of MTN Ghana, Mr Selorm…
The COVID-19 pandemic has been an epic wake-up call to the importance of saving money for emergencies. Households with no financial cushion face potentially disastrous consequences. Those who have emergency funds may be realizing it’s not …
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