Ghana Cocoa Board (COCOBOD) and lenders have welcomed the first disbursement of $200 million of a syndicated loan facility to boost cocoa productivity in the world’s second-largest producer.
The occasion was marked by a ceremony held in…
The Office of Government Machinery last year spent a total of GH¢3.5 billion on the implementation of its various programmes and activities.
Employee Compensation took GH¢140.8 million; Goods and Services - GH¢3.3 billion, while GH¢55.4…
President Nana Addo Dankwa Akufo-Addo has underscored Government’s commitment to innovation-driven youth entrepreneurship for the long-term economic growth of the country.
The President was addressing the third season of the 'Presidenti…
The Entrepreneurs Foundation of Ghana (EFG) is set to virtually honour the country's Greatest Entrepreneurs, Business, and Corporate Executives who have distinguished themselves over the years.
This year's award, which would be held on …
Fish farmers in the Kwahu area are looking for market for their produce, following the negative impact of the coronavirus on their businesses.
This came to light when the Fisheries Commission visited selected fish farms in the Kwahu are…
The E-commerce Association of Ghana was launched to set standards and encourage best practices in Ghana's e-Commerce industry.
The Association includes; stakeholders in the e-commerce, comprising online merchants and marketplaces; payment…
The President, Nana Addo Dankwa Akufo-Addo, has granted approval to the Ministry of Aviation to engage TAV-Summa Consortium from Turkey as a strategic partner for the management of the Ghana Airports Company Limited (GACL).
The search f…
The management of Ridge Royal Hotel in Cape Coast has reopened its facility to provide services to clients.
The move followed a temporary closure in March in the wake of the Coronavirus outbreak, which compelled the Government to close …
President Nana Addo Dankwa Akufo-Addo has underscored Government's commitment to innovation-driven youth entrepreneurship for the long-term economic growth of the country.
The President was addressing the third season of the 'President…
The GSE Composite Index shed 11.69 points (-0.62%) to close at 1,887.65 with a year-to-date return of -16.37% while the market capitalization decreased by 0.23% to settle at 52.82 billion.
The GSE Financial Index was up 0.29 points (+0.…
Government-imposed quarantine measures in 36 countries across Africa and the Middle East (AME) account for 40% of all quarantine measures globally
The International Air Transport Association (IATA) urged governments in Africa and the Mi…
Telecommunications giant Vodafone Ghana has waived interoperability charges on transactions up to GHC 100 for its customers. Whilst transactions between Vodafone Cash customers have been free since September last year without any limit; cu…
Enterprise Life, a subsidiary of the Enterprise Group has entered into partnership with the Union of Professional Nurses and Midwives, Ghana (UPNMG) for a comprehensive insurance cover for all nurses and midwives registered with the Union.…
Global cloud leader aims to be the world’s leading digital intelligence backbone by 2023
Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, said today it has supported 38 percent of the Fortune 500 compan…
The GSE Composite Index was marginally down 0.56 points (-0.03%), closing at 1,899.34 with a year-to-date return of -15.85% while the market capitalization stayed at 52.95 billion.
The GSE Financial Index closed flat at yesterday’s leve…
Cereal production in Africa in 2020 is projected to increase by 1.0 percent, although declines are expected in northern, western and central regions of the continent
FAO expects new record-high global cereal production and comfortable s…
European Affluents feeling confident financially and increasingly relying on digital media for information and entertainment.
In a recent study carried out by our US colleagues, we found that the Affluent – those living in the top 20% o…
Communique of the Bureau of the Boards of Governors of the African Development Bank Group following its meeting of today 1 July 2020 regarding the Whistle-Blowers’ Complaint against the President of the Bank Group
The Bureau expresses i…
The US economy created jobs at a record pace in June as firms took on more staff after the coronavirus downturn.
Payrolls surged 4.8 million, the most since the Labor Department began keeping records in 1939, helped by the reopening of …
Ecobank Transnational Incorporated (ETI), the parent of the Ecobank Group, the leading pan-African bank with banking operations in 33 countries, has concluded its 32nd Annual General Meeting (AGM) and Extraordinary General Meeting in Lagos…
Fidelity Bank Ghana says it recorded a 33 per cent increase in its profit before tax for last year, raking in some GH¢322 million.
Its profit for 2018 was GHGH¢242 million.
"The Bank's balance sheet remained one of the largest and st…
Nestlé Ghana has presented rewards to loyal consumers of ideal milk with cars and home appliances as part of its “Twi na Winni” promo.
A statement copied to the Ghana News Agency said Ms Racheal Akrong and Madam Halima Halid, Southern a…
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…
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