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…
Hundreds of people, mainly traders yesterday thronged to the Large Tax Office (LTO) of the Ghana Revenue Authority (GRA) in Takoradi to register for a Tax Identification Number (TIN) to enable them secure the Government’s stimulus package …
Emirates SkyCargo has grown its operations in Africa to include Accra, and Ghanaian businesses can now benefit from weekly cargo flights from Accra to Dubai starting 25 June, 2020.
The airline has established this short term schedule wh…
* Emirates SkyCargo able to transport up to 17 tonnes more cargo on select Boeing 777300ER aircraft, to serve demand
* Emirates Engineering modifies 10 Boeing 777-300ER aircraft
Emirates has introduced additional cargo capacity by u…
Blanket restrictions on non-essential overseas travel will be relaxed in the UK from 6 July, ministers have said.
Holidaymakers are expected to be allowed to travel to certain European countries without having to spend 14 days in quaran…
The Ghana Maritime Authority (GMA) joined its counterparts across the world last Thursday to commemorate the Day of the Seafarer (DotS), marked annually on June 25 to recognise the unique contribution made by seafarers to the global econom…
The Akufo-Addo-led government has spent GH¢ 20.14 billion in implementing the Free SHS, banking sector clean-up, recruitment of 100,000 NaBCo beneficiaries and restoring teacher/nursing trainee allowances, as at the end of 2019.
Vice Pr…
Mrs Elsie Addo Awadzi, the Second Deputy Governor of the Bank of Ghana, has urged Micro, Small and Medium Enterprises (MSMEs) to reposition to lead the post-COVID economic recovery.
She said the current pandemic provided a lot of opport…
The Association of Ghana Industries (AGI) has urged the government to implement policies that will help Micro, small and medium enterprises (MSMEs) build resilience, local production capacity and enhance medium-term growth.
In a stateme…
The Oil Palm Development Association of Ghana (OPDAG) has launched a five-year strategic plan from 2020-2024 to improve its governance and administrative structure as well as funding.
The strategic plan, on the theme: "Creating a Social…
Ghana was called the Gold Coast prior to independence because of its rich deposits of gold and other minerals.
Till date those rich natural resources deposits in gold, bauxite and other minerals are present and in 2019, the World Bank r…
An external review panel in South Korea recommended that prosecutors should not indict Samsung Group heir Jay Y. Lee over a 2015 merger and alleged accounting fraud, the Supreme Prosecutors’ Office said on Friday.
The recommendation cou…
U.S. consumer spending rebounded by the most on record in May, but the gains are not likely to be sustainable, with income dropping and expected to decline further as millions lose their unemployment checks starting next month.
The Com…
Unilever will rename Fair & Lovely, a skin-lightening cream which has been criticised for promoting negative stereotypes around dark skin tones.
It will also remove references to "whitening" or "lightening" on the products, which are so…
African countries made great strides in strengthening commitments and capacity to achieve tax transparency and exchange information on illicit fund flows in 2019, the latest Tax Transparency in Africa report has revealed.
Tax Transparen…
Mr Alan Kyerematen, the Minister of Trade and Industry, on Thursday urged all factories and other industrial processing establishments to implement an anti-stigma policy for COVID-19, stating "that no employee should be discriminated again…
Digital and electronic banking hold the key to the future of banking globally and combating the spread of the novel Coronavirus, the Managing Director (MD) of Ecobank Ghana and Regional Executive for the Anglophone West Africa Region, Mr D…
The National Board for Small Scale Industries (NBSSI) has said the country needs right data to identify and give support to Ghana's Micro, Small and Medium Enterprises (MSMEs) to serve the sector better.
Mrs. Kosi Yankey-Ayeh, NBSSI Exe…
The Association of Ghana Industries (AGI) in the Volta, Oti and Eastern regions has initiated efforts to establish enterprise development centres to train the youth.
The centres will serve as hubs on various sectors of the economy to tr…
Ghana Cocoa Board, African Development Bank and financial partners celebrate first $200 million disbursement of loan to boost cocoa productivity in Ghana
Ghana Cocoa Board (COCOBOD) and lenders have welcomed the first disbursement of $2…
The benchmark index closed 35.04 points (-1.84%) lower due to downward price movements in three telecom, insurance, and oil marketing counters to close the session at 1,869.20 with a year-to-date return of -17.19% while the market capitali…
Company releases second annual ESG report and highlights response to recent global crises
Western Union (NYSE: WU), a global leader in cross-border, cross-currency money movement and payments, today released its second annual Environmen…
Coronavirus - Africa: Renewable energy investments crucial in Africa’s efforts to build back better post COVID-19
Africa, like the rest of the world, has been severely affected by the spread of COVID-19 in the recent months
It is ess…
The resumption of commercial passenger flights will be undertaken as per the newly established National Framework for Integrated Management of the Reopening of Seychelles
President Danny Faure on June 23, 2020 announced that commercial …
The US has threatened new trade tariffs on beer, chocolate and olives from the European Union, as part of a long-running row over subsidies to planemaker Airbus.
The US Trade Representative said it was considering duties on 30 products …
The Kakum National Park has lost in excess of GH¢400,000.00 in revenue due to the Coronavirus outbreak which culminated in its closure, the Heritage Conservation Trust (GHCT), managers of the facility has disclosed.
Mr Michael Amonoo, t…
Owners of micro-businesses across the country have begun receiving their share of the special fund set up by the government to cushion micro, small and medium enterprises (MSMEs) from the impact of the coronavirus disease (COVID-19).
Ye…
Solidaridad, an agro-commodity organization has begun a training programme on the use and adoption of technology to improve cocoa farming for some selected young Ghanaians.
The aim is to build the capacity and equip the beneficiaries, w…
The benchmark index closed 35.04 points (-1.84%) lower due to downward price movements in three telecom, insurance, and oil marketing counters to close the session at 1,869.20 with a year-to-date return of -17.19% while the market capitali…
The zero charge for mobile money transfers by Ecobank commenced in March as part of the bank's corporate action to cushion the rising spread of Coronavirus
Ecobank (Ecobank.com) has extended its zero-charge fee for digital money transfe…
Scancom Plc. (MTN Ghana) would like to inform its stakeholders that the company was formally notified on June 9th, 2020 of the National Communications Authority’s (NCA) decision to declare MTN as a Dominant/Significant Market Power (SMP). …
IFC, a member of the World Bank Group, today announced a $50 million loan to Nigeria’s First City Monument Bank (FCMB) Limited to help it expand lending to small and medium enterprises (SMEs) so they can sustain business activities disrupt…
Virgin Australia has been bought by US private equity group Bain Capital after falling into administration due to coronavirus travel restrictions.
The airline was struggling with long-term debt of A$5bn (£2.55bn; $3.17bn) even before th…
As part of its promise to continuously provide financial and business skills to female entrepreneurs, Africa’s largest retail bank, Access Bank, has unveiled the second edition of its “Womenpreneur Pitch-a-ton” campaign.
The “Womenprene…
Tje economy will feel the full brunt of the impact of the COVID-19 should the country continue to record new cases, the Governor of the Bank of Ghana, Dr Ernest Addison, has said.
He said the increasing rate of infections which would pu…
This year’sChinese Building Material and Home Furnishing Middle East and Africa trade exhibition will be held virtually, the Zhejiang sub-council of China Council for the Promotion of International Trade (CCPIT) and Zhejiang International …
The Network of Associations of Registered NGOs in Ghana (NARNGO), has called on government to give priority to Small and Medium Scale Enterprises (SMEs) with a focus on creating jobs in the disbursement of its stimulus package.
It also …
About 1000 small and medium scale enterprises (SMEs) in the country are expected to benefit from a nine-million dollar World Bank grant.
The funds would go into developing tourism sites and destinations, infrastructure and capacity buil…
Ghana has signed a contract agreement with China’s Dongfang Electric International Corporation for the supply of Locomotives and Rolling Stock, which makes up a total of 35 standard gauge trains for passenger and freight services in Ghana.…
The advent of COVID-19 has adversely impacted the housing sector in the fight to reduce the national housing deficit, Mr Samuel Atta Akyea, Minister of Works and Housing, has said.
He said foreign-investor engagements with the Ministry …
Mr Yaw Osafo Maafo, Senior Minister, on Wednesday launched a nine-million dollar tourism grant scheme under the Ghana Tourism Development Project, geared towards revitalising the tourism sector that has highly been affected by the COVID-1…
info@businessghana.com
