The GSE Composite Index began the week flat at 1,928.66 with a year-to-date return of -14.55% while the market capitalization stayed at 53.41 billion.
Accordingly, the GSE Financial Index recorded no gains or losses, closing at 1,800.26 w…
MACROECONOMIC INDICATORS
2019 GDP 6.5%
Projected GDP for 2019 7.1%
BoG Policy Rate – May 2020 14.50%
Weekly Interbank Interest Rate 13.82%
Inflation for Apr, 2020 11.3%
End Period Inflation Target - 2020 8.0%
Budget Deficit (% GDP…
Understanding the Stock Market (PART 1).
The stock market is a collection of markets and exchanges where issuance, buying and selling of shares of public companies take place. The buying and selling of shares of public companies takes pl…
Integrity in Development Projects: The African Development Bank debars Sieyuan Electric and Subsidiaries for Fraud
As part of the settlement agreement with the Bank, Sieyuan is debarred for a period of 12 months, Jiangsu Rugao for 20 mo…
Our attention has been drawn to some information circulating on social media and online news websites concerning ‘breaches’ in the privacy rights of Vodafone Ghana customers. This information is a gross misrepresentation of the facts.
I…
There may be irony in Morocco now reconsidering and revamping its development model, which is its national guiding frameworks for social and environmental fulfillment. I have long been and remain a believer in Morocco’s existing frameworks…
U.S. retail sales increased by the most on record in May after two straight months of sharp declines as businesses reopened, offering more evidence that the recession triggered by the COVID-19 pandemic was over or drawing to an end.
The…
BOK Africa Concern, a non-governmental organisation (NGO) based at Berekum in the Bono Region, has completed and inaugurated a ‘gari’ processing factory for the Mesidan community in the Techiman Municipality of the Bono East Region.
The…
The IDP Foundation, Inc. (IDPF) , a private nonprofit foundation dedicated to encouraging and supporting the development of innovative and sustainable solutions to complex global issues, has named Corina Gardner as Executive Director of Ed…
Weekly Highlights
? May’s inflation rose to 11.3 percent
? Yields on GOG treasury securities eased.
? The GSE closed in the red.
? Global equity markets tumbled on fears of a second wave of covid-19 infections.
? Cedi appreciated a…
Construction work on the administration block for the Keta Harbour project is to begin in September, this year, Mr Godwin Edudzi Yao Effah, Keta Municipal Chief Executive (MCE) has said.
"The dream of the government to have a harbour co…
Ride-sharing giant Uber is to make it mandatory for passengers and drivers to wear face coverings from Monday in the UK.
The minicab app firm said it was taking measures "to help everyone stay safe" and had introduced measures to give d…
Bank of England governor Andrew Bailey has said he will be "ready to take action" to help the UK economy weather the coronavirus crisis.
He was speaking after figures showed that the country's economy shrank by 20.4% in April - the larg…
The leadership of the Ghana National Chamber of Commerce and Industry (GNCCI) has paid a working visit to some member businesses in Takoradi to ascertain the impact of the COVID-19 pandemic on their activities.
The visit also enabled th…
Mrs Kate Quartey-Papafio, the Chief Executive Officer, Reroy Cables has called for a framework to enable the electrical industry have a hub of excellence for cable manufacturing in the country.
The hub according to her would serve the e…
The Agricultural Engineering Services Directorate (AESD) of the Ministry of Food and Agriculture has taken delivery of new farm equipment to support the operations of the small, medium, and large-scale farmers to enhance efficiency and boo…
Government’s commitment to diversify Angola’s economy continues to offer opportunities for investors in the power sector
Angola expects to implement a USD 400 million two-phase project in the clean energy segment, funded by the World Ba…
#ACACaresCovid19: The economics of advertising - Association for Communications and Advertising (ACA) invests in futures
ACA is spearheading and making possible Bizcommunity’s weekly series, acknowledging South Africa’s creative marketi…
As part of Fidelity Bank’s COVID-19 response strategy, the bank has partnered with the International Finance Corporation (IFC) to present a four-part webinar series to support Small and Medium Enterprises (SMEs) with financial and business…
Freight forwarders worried about delays in clearing goods at the ports due to challenges in accessing the new Integrated Customs Management System (ICUMS) have called on President Addo Dankwa Akufo-Addo to intervene to save the country the…
Some economic trees in some parts of the Upper East Region are under serious threat as they are continuously being destroyed in the course of clearing land for agriculture activities.
Among the trees most affected are the shea and baoba…
Construction works will start on a six-acre land at Gbedzekope in the Akame Electoral Area for a Cassava Processing Factory for Ketu South Municipality under government’s One District One Factory (1D1F) project in 14 days.
The New Patri…
The UK's economy shrank by 20.4% in April - the largest monthly contraction on record - as the country spent its first full month in lockdown.
The Office for National Statistics (ONS) said the "historic" fall affected virtually all area…
Panelists at a virtual forum on COVID-19 and the vision of 'Ghana Beyond Aid' have called for a paradigm shift in attitudes of Ghanaians to achieve the agenda of economic self-sufficiency.
They asked the Government to infuse the Charter…
Two Government Revenue Mobilization Institutions, the National Lottery Authority (NLA) and the Ghana Revenue Authority (GRA) are set to launch the Value Added Tax (VAT) Raffle.
The two institutions constituted a joint working committee …
New Program with Lysol-Dettol Maker RB Begins Rolling Out on June 15
Next week, Hilton will begin a worldwide roll-out of a new program to deliver an industry-defining standard of cleanliness and disinfection to Hilton properties. Hilt…
Andersen Global strengthens its presence in Southern Africa through a Collaboration Agreement with Robinson Bertram, one of the oldest and largest law offices in Eswatini, adding depth to its global platform in the region.
The Mbabane-b…
GCB Bank (-2.27%), the sole decliner at the session inched the benchmark index down by 2.55 points (-0.13%) to close the session at 1,958.06 with a year-to-date return of -13.25% while the market capitalization eased by 0.05% to settle at …
Charcoal selling in the Koforidua Municipality has drastically gone down due to covid-19 Pandemic and the partial lockdown that was placed to help reduce the spread of the virus.
Speaking to the Ghana News Agency (GNA) at Koforidua in t…
The UK, along with much of the rest of the world, is thought to be heading into the worst recession for decades.
So what exactly does that mean?
What is a recession?
In normal times, a country's economy grows.
Its citizens, on …
Prices of goods and services went up at a moderate pace last month than they did in April this year, according to data released by the Ghana Statistical Service (GSS) yesterday.
The data showed that rent charges, plantain and cassava we…
Parliament has approved a request to waive Domestic VAT totaling US$3.1 million on local purchases and services in the rehabilitation and upgrading of equipment in Technical Universities, Polytechnics and Technical and Vocational Training …
The planning committee of the Ghana Beverage Awards (GBA) says all is set to hold the fourth edition of the awards, which would be virtual in adherence to the stipulated COVID-19 safety protocols.
The virtual ceremony, which aims at ens…
German airline Lufthansa has said it will cut 22,000 jobs as it struggles to deal with the slump in air travel caused by the coronavirus pandemic.
The carrier predicted a slow recovery in demand and expected to have about 100 fewer airc…
CUTS Ghana, a research and public policy think tank on Wednesday cautioned the National Communications Authority (NCA) to tread cautiously in its quest to address disparities in market and revenue share in the telecom sector.
It said su…
The year-on-year inflation rate increased to 11.3 percent in May up from 10.6 percent in April on food prices.
The rate rose by 0.7 percentage points from the 10.6 percent recorded in April Professor Samuel Annim, Government Statisticia…
The Ghana Institute of Freight Forwarders (GIIF) has called on government to treat as serious their request for redefining the scope of the newly introduced Integrated Customs Management System (ICUMS) clearance platform.
The Ghana Re…
The Ministry of Food and Agriculture (MoFA) has cautioned farmers against the misuse of agro-chemicals on vegetables to protect themselves and consumers from food poisoning.
Mr Michael Kumah, the Ahafo Regional Plant and Protection Offi…
Focuses on informal markets of the developing world
Sound decision-making requires access to timely and accurate market information, yet this information is often limited for informal market participants like farmers and traders in the …
The event will offer training and workshops to SMEs entering the gas and power sector
Africa Oil & Power (AfricaOilandPower.com) announces the launch of the Mozambique Gas & Power 2021 event, scheduled for March 2021; Africa Oil & Power…
GCB Bank (-2.27%), the sole decliner at the session inched the benchmark index down by 2.55 points (-0.13%) to close the session at 1,958.06 with a year-to-date return of -13.25% while the market capitalization eased by 0.05% to settle at …
Recovery and resilience were the central themes of the meeting which discussed the economic impacts of the COVID-19 pandemic on the tourism sector in Africa
“Recovery of tourism in Africa could drive recovery of African economies”, said…
P&G Beauty Convenes Expert Partners to Discuss Responsible Growth in Beauty, Announces P&G Responsible Beauty Systems-Thinking Framework
This week, P&G Beauty convened a virtual meeting with leading global NGOs to discuss the role of t…
Coronavirus - Africa: Business giants worth $16 trillion commit to mobilising resources to build back better from COVID-19
The group promised to promote regulations that facilitate investment in sustainable development and create more r…
Countdown to Kickoff: 127th Canton Fair Hosts Online Introduction Events for Global Partners and Buyers
With the 127th China Import and Export Fair ("Canton Fair" or "the Fair") days away, several online events were held for global buye…
The Medicom Group, ("Medicom"), one of the world's leading manufacturers of surgical and respiratory masks, has announced plans to open a second mask production facility in France. The plant will be established as Medicom Kolmi-Hopen Engin…
Integrated Customs Management Systems (ICUMS) has registered 1,452 transactions at the land frontiers since it was deployed.
Out of this, 408 were direct imports into home use, 900 Temporary Vehicle Imports, 34 Warehouse, 20 Transit, an…
The Agricultural Development Bank (ADB) has begun the disbursement of the GH¢500 million fund earmarked to revitalise the poultry sector in the country.
Yesterday, the bank presented a cheque for GH¢23 million to six business entities i…
Parliament yesterday approved request by the government for tax waivers to four companies under the One District One Factory initiative.
The package included import duties, import Value Added Tax, Ghana Education Trust Fund (GETFun…
StreetXpress partners multiple businesses to offer door-to-door deliveries to stem the spread of COVID-19 in Ghana
StreetXpress, one of Ghana’s leading courier service providers that offers end-to-end delivery services to corporate clie…
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