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Ford celebrates International Youth Day on 12 August 2018
ACCRA, Ghana, 10 August 2018 – In the market for a…
The sod has been cut for the construction of a $3-million food processing factory under the One-district, One-factory (1D1F) initiative at Afienya in the Ningo Prampram District in the Greater Accra Region.
Work on the factory, which re…
Work on a $30m e-waste recycling facility at Agbogbloshie in Accra is to begin later this year.
The project, which is expected to be completed in two years, is part of the government’s long-term measures to address the improper disposal…
The management of Samir Group is to establish a rubber processing plant in the Eastern Region by next year under the government’s district industrialisation programme, One-district, One-factory (1D1F) initiative.
Subsequently, the compa…
Consolidated Bank Ghana Limited (CBG) says it now has 175 branches networks and contact offices in nine regions across the country.
This is after consolidating the operations of the five banks - uniBank, Construction, Royal, Sovereign a…
The Commissioner-General of the Ghana Revenue Authority (GRA) Mr Emmanuel Kofi Nti has called on businesses and all income earning persons to take advantage of the tax amnesty policy before the expiry date of August 31, 2018.
Speaking a…
The Ghana Civil Aviation Authority (GCAA) has commissioned three new air navigation equipment installed at the Kotoka International Airport, to boost safety and security in Ghana’s air space.
The equipment: a Very Small Aperture Termina…
The Chartered Institute of Marketing Ghana (CIMG) has launched its 29th Marketing Performance Awards to recognise and decorate outstanding organisations and individuals who have contributed immensely towards reshaping the focus of corporat…
Japan's economy rebounded in the second quarter, returning to growth despite growing global trade tensions.
The economy expanded by a faster-than-expected annualised pace of 1.9%, supported by private consumption.
The growth came aft…
The newly established Consolidated Bank Ghana Limited (CBG) has overtaken GN Bank and Ecobank Ghana Limited to become the second biggest bank by branch network in the country.
After consolidating the operations of five erstwhile banks, …
Moody’s Corporation (NYSE:MCO) announced today that it has entered a definitive agreement to acquire Omega Performance, a leading provider of online credit training.
Founded in 1976 and based in Arlington, Virginia, Omega Performance is…
Yamaha Motor Earnings Continue to Rise in Second Quarter Strong growth in net sales of major product categories
Yamaha Motor Co., Ltd. (TOKYO:7272)(ISIN:JP3942800008) announced today that in the first half of its fiscal year ending …
Mr Robert Ahomkah-Lindsay, Deputy Minister of Trade and Industry (MoTI), on Thursday broke the ground for the construction of Leefound Stuff Ghana Company Limited at Afienya in the Greater Accra Region.
This falls in line with the Gover…
African Development Bank President Adesina calls for emerging agriculture technologies to optimize farmers' output
Africa should be the breadbasket of the world, has no reason spending US$ 35 billion a year importing food, Adesina tells…
The Kwahu Rural Bank Limited made a profit of GH¢34,104.00 in 2017, an increase of 4. 14 per cent over the profit made in 2016. The bank therefore increased the dividend of shareholders by GH¢0.00434 per a share as against GH¢0. 00386 the …
The National Investment Bank on Friday 6th July, 2018 presented a cheque of fifty-nine thousand Cedis (GHc59,000.00) to the Kunata Voluntary Organisation a non-governmental organization towards the Pamela Bridgewater Project aimed at prote…
It has been a torrid week for gold dealership firm, Menzgold Ghana Limited with regards to regulators. Earlier in the week, Menzgold's operations were rocked with a public notice from the Bank of Ghana warning the public not to deposit mon…
Winners of the maiden Senior High School entrepreneurship contest, Mogul Industries, and the second runner-up, Jamx (all from the Alpha Beta School) visited NIB on Wednesday 13th June, 2018 to show appreciation to the bank for sponsoring t…
Africa renewable energy fund awards $1.6m to Azuri distributor in Zambia to deliver solar home lighting to 7,000 home
Kazang Solar, Azuri Technologies’ official distribution partner in Zambia, has been awarded $1.6 million from the Afr…
FBN Bank Ghana Limited has awarded ten of its customers for their loyalty at the second mini draw of the "Save and win Promo". The customers, who receive GH¢100 airtime, and smart phones included Quarm Nancy Audrey, Mrs. Ocloo Vida, Amank…
Prudential Life Insurance and Standard Chartered Bank have entered into a strategic bancassurance partnership to provide a one-stop shop for exclusive life insurance products to clients.
The alliance puts the two institutions in a very …
The English version of the book was launched in English in June 2017 at Africa Oil & Power 2017 in Cape Town, and has since become a huge hit in Africa and abroad
A year after its release, the global momentum created by the bestseller o…
Is Turkey heading for an economic and financial crisis?
Recent developments in the country's financial markets have certainly been alarming.
The Turkish currency, the lira, has lost about 30% of its value against the US dollar since …
The Chief Exective Officer (CEO) of JCS Investments Limited, Patricia Safo, is urging the government to collaborate with relevant entities to develop a blue print to strengthen rural and community banks.
Rural and community banks have a…
Vodafone Wholesale, a subsidiary of Vodafone Ghana, has constructed a second fibre optic network link that connects Ghana to countries within the West African sub-region.
They include Burkina-Faso, Niger, Mali, Cote d’Ivoire and Togo.
…
Mr Stephen Oduro, Managing Director of SIC Insurance Company Limited on Wednesday said the insurance industry in Ghana continued to grapple with challenges such as penetration and fierce competition among players.
He said in spite of t…
Vice President Dr Mahamudu Bawumia, on Wednesday said policies and programmes being implemented by the government are intended to address the age-long issues of geographical exclusion from national development.
He noted that policies su…
The pound has fallen below $1.29 for the first time in almost a year on continuing worries Britain will leave the EU without a trade deal.
Sterling also hit a nine-month low against the euro, and was down against the yen and Swiss franc…
China is slapping additional tariffs of 25 percent on $16 billion worth of U.S. imports from fuel and steel products to autos and medical equipment, the Chinese commerce ministry said, as the world’s largest economies escalated their trade…
U.S. regulators are asking Tesla Inc (TSLA.O) why Chief Executive Elon Musk announced his plan to take the electric carmaker private on Twitter and whether his statement was truthful, the Wall Street Journal reported on Wednesday.
Musk …
The latest developments in the banking sector should be a wake-up call for the central bank to critically sanitise the entire financial services sector to prevent the collapse of the system, an international investment consultant, Dr Sam A…
The Ghana National Chamber of Commerce and Industry (GNCCI) has charged the Bank of Ghana (BoG) to strengthen its supervisory and regulatory mechanism in order to build safe, sound, and stable banking sector in the country.
The statemen…
The management of gold dealing firm Menzgold Ghana, has assured the public that their investments with the company are safe and that it will continue to deliver the best of service to its customers in Ghana and beyond.
In a riposte to a…
Federated Investors, Inc. and International Islamic Trade Finance Corporation to Develop a Trade-Finance Portfolio Focused on Sovereign Energy Sector
The portfolio will be Shari’ah compliant with investments realized through transaction…
The Ministry of Trade and Industry (MOTI) is requesting an additional loan of US$40 million from the International Fund for Agricultural Development (IFAD) to finance the Rural Enterprise Programme (REP).
The loan amount, however, has a…
Nippon Telegraph and Telephone Corporation (NTT Corporation) (TOKYO: 9432) is pleased to announce several initiatives to be implemented soon. These steps will help us become more competitive and profitable, and create new ways of serving c…
Halton Group, a global indoor air company, has acquired the business activities and product design rights of LCSystems Inc., a family company from Kentucky in the United States that manufactures supply and exhaust air equipment for profe…
Professor John Gatsi, the Head of Finance Department, University of Cape Coast, on Tuesday said the Bank of Ghana (BoG) failed to undertake broader stakeholder consultations before starting the indigenous banks’ recapitalisation exercise.
…
Mr Park Jae Heung, the Deputy Director of Korea Rural Community Corporation on Tuesday urged government to clarify land acquisition and compensation issues in the country, to impact on agricultural development.
He said the clarification…
The Russian rouble has slumped to its lowest level since November 2016, hours after the US announced new sanctions because of the poisoning of an ex-Russian spy and his daughter in the UK.
The rouble-dollar rate reached 66.7 on the Mosc…
The Ghana National Chamber of Commerce and Industry (GNCCI) on Tuesday lauded the actions of the Bank of Ghana (BoG) to consolidate five banks into one entity, saying the move will prevent a major crisis in the financial sector.
A state…
The opportunity to obtain 10% yields across different sectors has made Francophone Africa attractive for Cornet compared to Europe
"The market is still growing at a faster clip than the rest of the World." - JD Diabira, CEO of BHCI.
…
Mr Delali Oklu, General Manager of the Electricity Company of Ghana (ECG), Volta Region, said the Company will be extending prepaid metres to all its customers in the Region.
He said though the venture was expensive, they were in talks …
The leadership of Peasant Farmers Association of Ghana (PFAG), on Wednesday commenced a two-day inception workshop for members and stakeholders towards the implementation of a new two-year project.The new project, which starts from this ye…
The Ghana Cocoa Board (COCOBOD) is to pump 600 million dollars into the cocoa sector industry to resuscitate the sector in the country, Mr Joseph Boahen Aidoo, the Chief Executive of COCOBOD announced on Tuesday.
He said the Board had a…
The Ghana Stock Exchange (GSE) on the second week of August trading opened with ten equities experiencing activities in their shares with only one price change; the GSE-Composite Index thus edged by 0.03 per cent to close at 2,936.7 points…
Mr Edward Forkua Kyei, Managing Director of CLICO Life on Tuesday disclosed that Life Insurance products, especially funeral policy, is becoming popular in Ghana.
“With these kinds of products, which we classify under insurance and inve…
The Tema Metropolitan Assembly (TMA) recorded a 126 per cent property rate collection over the estimated GHC10.8 million, for 2017. Mr Felix Mensah Nii Anang-La, Tema Metropolitan Chief Executive said his outfit collected GHC13,6 million…
The Bank of Ghana (BoG) Governor, Dr Ernest Addison, says he has had a tough time cracking the whip on underperforming banks in the country, explaining that the aftermath of the decision risk threatening the loyalty of his friendships.
…
Disparate consumer sentiment across West Africa means that while Nigeria’s Consumer Confidence Index (CCI) for the second quarter of 2018 has risen a very healthy nine points to 122, Ghana’s CCI for the same quarter has fallen 12 points to…