Barclays has been privately exploring a possible merger with rival international banks, including Standard Chartered, in response to pressure from an activist investor who has become one of its biggest shareholders, according to a report b…
The Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has hinted of possible sanctions for staff of the central bank whose actions led to the ongoing financial turmoil and prompted a historic clean-up that is projected to cost the na…
The African Development Bank and the African Institute for Mathematical Sciences to explore partnerships for scaling up investments in Science, Technology, Engineering and Mathematics
The Partnership Program would be tasked with scaling…
Janngo, 1st Social Startup Studio in Africa, closes first funding round to launch new digital platforms offering solutions to African SMEs, with an inclusive approach
Janngo (Janngo.com) successfully closes its first funding rou…
CEO of a US Fortune 500 company, Martin Richenhagen opens AGCO Africa Headquarters in Johannesburg
The company is poised to develop its involvement in the Agri-Parks project, the networked innovation system of agro-production, processin…
Young Africans should be trusted and supported to drive the continent’s industrialization
The 53rd Annual Meetings of the African Development Bank (www.AfDB.org) opened in Busan, Korea, on Monday with a call on African Governmen…
Merck Foundation Launches Merck More Than a Mother in Partnership with the National Council and the Ministry of Health of Namibia
Merck Foundation launches media recognition award and media training program to raise awareness about Infe…
African Development Bank and United Nations Industrial Development Organization (UNIDO) join forces to accelerate Africa’s industrialization
Collaboration has also been initiated for the establishment of staple crop processing zones in …
UK travellers are paying thousands in hidden fees when buying foreign cash, according to three technology companies including currency firm Transferwise.
Their survey of 8,000 customers has highlighted failings in the foreign exchange m…
A move to relax US banking rules approved after the financial crisis has cleared its final stage in Congress.
The House of Representatives voted 258-159 to approve the measure, sending it to the president to sign into law.
The bill, …
Nine Ghanaian agribusinesses selected to participate in the inaugural Kosmos Innovation Centre Business Booster programme have completed a six-month training designed to help them grow their businesses.
The training programme, which cul…
The marriage of Barclays and Standard Chartered is in many ways a tantalising prospect.
Take the new transatlantic Barclays, with a big US and European investment banking business, and a very profitable UK retail and credit card busines…
Banks will require more than the new capital requirement of GH¢400 million in order to meet the minimum capital adequacy ratio (CAR) under Basel II & III.
Although most banks have announced that they are close to meeting the new capital…
A mobile application powered by Artificial Intelligence Algorithms has been developed by one of the outstanding Ghanaian tech experts, Dr Mark Amo-Boateng, a lecturer at the University of Energy and Natural Recourses (UENR), to help people…
The Millennium Development Authority (MiDA) has rolled out the Africa’s Promise Initiative in Ghana, as part of the Millennium Challenge Corporation (MCC) programme to build the technical and leadership skills of African Youth and to expan…
Mr Daniel Domelevo, the Auditor General, has charged auditors to be bold in the execution of their duties and continuously upgrade their skills to add optimum value to their various institutions.
He said internal auditors have a primary…
The Millennium Development Authority (MiDA) on Monday signed an Implementing Entity Agreement (IEA) with the Ministry of Energy to enable the two entities to continue to partner in the implementation of the Millennium Compact Projects in G…
Marks and Spencer has suffered a big fall in annual profits following a costly store closure plan.
Annual pre-tax profits fell by almost two-thirds to £66.8m as sales of food, clothing and homeware all declined.
On Tuesday the retail…
The President of Huawei Technologies in charge of southern Africa, Mr Li Peng has observed that investment in information and communication technology (ICT) and partnership hold the trump card to fuelling Africa’s digital growth and develo…
The USA banking regulator, the Office of the Controller of the Currency (OCC), has approved the changing of the name of the ISF Bank which started in 1934 by 13 black men to become GN Bank, USA.
Dr. Papa Kwesi Nduom, Chairman of the Boa…
Marks and Spencer plans to close 100 stores by 2022, accelerating a reorganisation that it says is "vital" for the retailer's future.
Of the 100 stores, 21 have already been shut and M&S has now revealed the location of 14 further sites…
President Nana Addo Dankwa Akufo-Addo has invited the private sector to partner government to create sustainable jobs and create wealth for the people. This was the way forward to promote economic, social and political stability, he added…
The Business Sector Advocacy Challenge (BUSAC) has asked Private Sector Organizations (PSOs) in the Volta Region to apply for grants under the third phase of the BUSAC Fund.
Mr. Ebenezer Kpentey, a BUSAC communications specialist, said …
There will be a shutdown of gas supply, from Monday, May 28, to allow for turret remediation works of the Floating Production Storage and Offloading (FPSO).
A joint statement issued by the Volta River Authority, Ghana Grid Company Limit…
The Bank of Ghana has cut its monetary policy rate by 100 basis points to 17 percent, saying the risks to the inflation outlook are subdued in the forecast horizon.Dr Ernest Addison, Governor of the Bank of Ghana, told a press conference o…
The Africa Panel session at ITW was sponsored by MainOne for the 7th year in a row and continues to provide a platform for players to share perspectives on the opportunities and challenges across the region with a global audience
…
The 2018 PEA Awards have received a record number of entries, the highest since the awards were launched
The high quality of the entries we have received shows the industry’s resilience in continuing to deploy capital and exec…
Marriott Moments introduces expert recommendations, bespoke categories, and hand-curated activity lists in time for summer travel season
Now anyone can discover local experiences that match their passions with new, interest-based lists …
Unilever Ghana Limited has lauded the contributions of its key distributors to the company’s strong performance in 2017, enabling it to achieve a double digit growth rate and to deliver better value for shareholders.
Managing Director, …
The National Petroleum Authority (NPA) in the wake of the nationwide strike by operators of the Liquefied Petroleum Gas (LPG), has urged Ghanaians to utilise available sources of LPG, with alternative sources, to back the policy, which see…
Ghana cannot develop beyond the level of its leadership, Mr Ernest De-Graft Egyir, Chief Executive Officer of the Chief Executives Network Ghana Limited, has said.
He said one of the bearings of leadership in Ghana was that, there was h…
The Power to Generate Wealth (PGW), an investment club, has been launched with a mission of spearheading the ‘One Africa One Dream Project’ which aims at touching lives of the poor and the needy.
The project would be carried out through…
Sony is buying a controlling stake in EMI Music Publishing, giving it control over two million songs by artists from Queen and Carole King to Alicia Keys and Pharrell Williams.
The $2.3bn (£1.7bn) deal will make Sony the world's biggest…
It is mandatory and required by the laws of Ghana for every adult Ghana living everywhere to register and have a Tax Identification Number (TIN). Taxpayer Identification Number (TIN) is a unique number generated by the Ghana Revenue Author…
The New York Stock Exchange has appointed its first female leader more than two centuries after it was established.
Stacey Cunningham will be elevated to the leadership role from her current position of chief operating officer.
Her a…
President Nana Addo Dankwa Akufo-Addo has urged Ghanaians to allow the Bank of Ghana (BoG) to handle the issue of distressed local commercial banks professionally without any political interference.
He said it was crucial for the centra…
Herbalife Ghana, a leader in health and wellness, has been awarded the Outstanding Food and Beverage Product of the year at the West Africa Business Excellence Awards 2018.
The award recognizes Herbalife Ghana’s nutritional product rang…
Ryanair has reported record annual results, despite it having to cancel thousands of flights in September due to problems with pilots' rotas.
The Irish airline said profits after tax rose 10% to €1.45bn (£1.27bn), despite the wave of ba…
After the near collapse of his company following the 2010 Gulf of Mexico disaster and a three-year slump in oil prices, BP Chief Executive Officer Bob Dudley is hardly relaxed.
“It doesn’t feel like we are in a serene time for any energ…
Dr Akinwumi Adesina, President of the African Development Bank Group on Monday, said state intervention is crucial in the drive for Africa’s industrialisation to becoming the powerhouse and a global centre for trade and manufacturing.
H…
Hostex, the biggest and longest-running food and hospitality exhibition in Africa, is returning to Sandton Convention Centre in March 2020, in direct response to industry feedback.
Gary Corin, MD of the show’s organisers, Specialised Ex…
Heritage Bank Limited, Ghana has disclosed that it is firmly on track to meet the new minimum capital requirement set by the Bank of Ghana, well ahead of the stipulated December 2018 deadline.
Managing Director of the Bank, Mr. Patric…
First Deputy Speaker and MP for Bekwai, Mr Joseph Osei-Owusu has emphasised the need for the Ghanaians to be incorrigibly loyal and committed to honouring their tax obligations to accelerate national development.
“When it comes to taxat…
Dr Akinwumi Adesina, President of the African Development Bank (AfDB) Group, says state intervention is critical to drive Africa’s industrialization - to become a global centre for trade and manufacturing.
It called for right policy dec…
The Cashew Development Board will by the end of June, 2018 be established to regulate the Cashew Industry, President Nana Addo Dankwa Akufo-Addo has announced.
The President said this when he interacted with some traditional rulers in S…
Mr Emmanuel Kofi Nti, the Commissioner-General of the Ghana Revenue Authority (GRA) has said the implementation of the excise tax stamp was not an introduction of a new tax.
“Rather, the stamp is a new way of administering the already e…
Issam Chleuh, 31, co-founder of Suguba, a West Africa-focused platform providing access to capacity building and financial services for entrepreneurs, start-ups and SMEs led by youth and women. From 2014 to 2016, Forbes Magazine listed Chl…
The Crown Court has dismissed charges against Barclays Bank and its owner Barclays PLC over billions of pounds raised from Qatar in 2008.
The charges were potentially extremely serious for Barclays as, if it had been found guilty, it co…
Ghana has been urged to use its extraordinary offshore resources to effectively develop and maintain affordable liquefied petroleum gas (LPG) to help reduce energy poverty in the country.
According to the United Nations secretary Genera…
The Ministry of Finance has officially endorsed an agreement between the Ghana Ports and Harbours Authority (GPHA) and IBISTEK Ghana Ltd, a wholly owned Ghanaian company, for a concession to develop and operate an on-dock container and mul…