Amazon has reported a 43% surge in revenues for the first quarter, fuelled by online shopping in the US.
The internet retail giant said sales rose to $51bn (£36.6bn) in the three months to March, surpassing analysts' forecasts.
Amazo…
The Bank of Ghana (BoG) has asked the banks to cooperate and support it in its implementation of Basel II & III, which are new financial reporting frameworks expected to strengthen the sector.
Delivering the keynote address at Fidelity …
Deutsche Bank will make "significant" job cuts as it scales back its corporate and investment banking operations, Germany's biggest lender has said.
Its new chief executive, Christian Sewing, said the job losses were "painful but regret…
Ghana has maintained its status as a high-risk, debt-distress country after first making it onto the infamous list of countries whose debt burdens had reached alarming levels in 2015.
In separate reports released in Mar…
Nestlé Nutrition Institute Africa, in collaboration with the Nursing and Midwifery Council, has organised a two-day workshop in Accra and Kumasi for Health Care Professionals (HCPs).
The workshop provided practical knowledge on relevant…
The Ghana Institute of Architects (GIA) has urged members to uphold truth as the corner stone of their profession. Mr Joseph E. Hayford, outgoing President of GIA, reminded architects that they were called to be members of the GIA, an ins…
Ghana Oil Company Limited (GOIL) the nation’s foremost indigenous Oil Marketing Company (OMC), on Wednesday held the 49th Annual General Meeting in Accra.
An independent Auditor, Frederick Bruce-Tagoe on behalf of PKF Chartered Accounta…
Mr Robert Ahomka-Lindsay, Deputy Minister of Trade and Industry on Wednesday called for a deeper relationship between industry and academia to hasten development
He said: “I wish to recommend for deeper collaboration among relevant inst…
HFC Bank has been rebranded and is now known as Republic Bank. It is now a proud member of the Republic Financial Holdings Limited Group (RFHL). HFC took on the name and identity of its parent company so as to make it more relevant, strong…
Vice President Dr Mahamudu Bawumia has underscored the need for stakeholders in the pension management in the country to explore alternative sources of funding pension schemes without any entrenched positions.
He said future governments…
The Commissioner-General of the Ghana Revenue Authority, Mr. Kofi Nti, has called for businesses to ensure transparency and truthfulness in their dealings with revenue collection agencies.
“All we want is transparency, clarity and truth…
The Ghana Revenue Authority (GRA) is to embark on a nationwide operation to impound uncustomed vehicles.
Dubbed the “Anti-car smuggling operation”, the exercise, which is expected to begin next week, will see the deployment of Customs o…
Barclays has been pushed into a first quarter loss after paying $2bn (£1.4bn) to settle a lawsuit in the US over the sale of mortgage-backed securities.
The bank also put aside an additional £400m to cover an increase in payment protect…
A Ghanaian renewable energy company, TC Energy, has signed a $200-million agreement with Seabased, a Swedish technology developer, for the construction of a 100-MW ocean wave power plant off the coast of Ada in the Greater Accra Region.
…
Ghana has intensified its effort at increasing oil palm production – to create wealth and jobs, by strengthening extension service support to growers.
As part of this a four-day training of trainer workshop on oil palm cultivation had b…
The Bank of Ghana (BoG) directive to all banks to comply with the minimum paid-up capital of GH¢400 million by December 2018 still stands, Mrs Elsie Addo Awadzi, Deputy Governor of the Bank of Ghana, said on Tuesday.
Speaking at a break…
The Ghana Standards Authority (GSA) and the Communication for Development and Advocacy Consult (CDA Consult) has organised anti-counterfeit electrical products and electronic appliances exhibition at Sunyani, Brong Ahafo Region.
The exh…
The banking sector dominated trading activities on the Ghana Stock Exchange as CAL Bank records a block trade. CAL Bank shares rose by 2.7 per cent to close at GH¢1.90 per share on account of a block trade in its shares.
Nordea Capital …
Construction of a fourth cable authorised by the government will improve the international connectivity of the country and will provide a lot more opportunities for the national market while increasing competition
As part of its West Af…
The bursaries which will run for a period of four years, will cover accommodation costs, books and a living stipend
GE Power grants 60 needs-based bursaries to deserving students from Mpumalanga province
Bursary to cover books, tui…
Vantage Capital provides $8 million of funding to Rosslyn Riviera, a leading Kenyan retail shopping mall
The investment is Vantage Capital’s 7th transaction in Fund III, a $280 million fund, with a 55% allocation to countries outside So…
Uganda Government selects Consortium comprising YAATRA, BHGE, LionWorks, and Saipem to develop, finance, construct and operate a greenfield Oil Refinery in Hoima District, Uganda
When executed, this will help develop the industry infras…
Ecobank Transnational Incorporated (“Ecobank”) (www.Ecobank.com), parent of the Ecobank Group, the leading pan-African bank with operations in 36 countries across the continent, concluded its 30th Annual General Meeting in Lomé, Togo, toda…
Boeing Co’s (BA.N) profit jumped by more than half in the first quarter, surging past Wall Street forecasts, and strong sales of commercial jets led it to raise its forecasts for cash flow and earnings after a record 2017.
After fellow …
Online fashion firm Boohoo has reported strong full-year sales and profits.
The group saw a 97% leap in revenue to £579.8m in the year to March, as pre-tax profit rose 40% to £43.3m.
Growth was helped by the recently acquired Pretty …
Lloyds Banking Group has said it has made a "strong start" to 2018, with profits for the first three months of the year jumping by nearly a quarter.
It made pre-tax profits of £1.6bn, 23% higher than the same time last year.
But it s…
The share price of the nation’s foremost indigenous Oil Marketing Company, Ghana Oil Company Limited (GOIL) has taken an upward trajectory as it has moved from GH¢1.1 December 28, 2016 to GHC4.10 as at April 2018.
These indicators, a St…
Surging demand for Gucci clothes and handbags boosted sales at parent company Kering in the first three months of the year.
It follows a major revamp at Gucci - Kering's biggest brand - under creative director Alessandro Michele.
Ker…
HFC Bank has successfully rebranded to Republic Bank to align the Bank with its parent company, Republic Financial Holdings Limited from Trinidad and Tobago.
HFC will now be officially known as Republic Bank (Ghana) Limited and trade as…
The UMB has been presented with the prestigious Global Banking and Finance Award in London by The European for outstanding achievement in corporate banking in Ghana.
For the second consecutive year, the financial magazine, The European,…
The Eight Edition of the annual Pre-harvest Agribusiness Conference and Exhibition was on Tuesday launched to take off from October 3-5 in Tamale, with a call on stakeholders to build value-chain partnerships.
Mr Danquah Addo-Yobo, the …
Pharmaceutical giant Shire will recommend a revised £46bn ($64bn) takeover offer by Japan's Takeda Pharmaceutical to its shareholders.
The development marks a breakthrough in the takeover talks which included five offers by Takeda since…
Nyonkopa Cocoa Buying Limited (Barry Callebaut Group) has paid bonuses to cocoa farmers at Dunkwa in the Central region and Goaso in the Brong Ahafo region as part of an effort to encourage the farmers to engage in best practices in cocoa …
In spite of concerns raised by some banks on the directive by the Bank of Ghana (BoG) to them to raise their minimum paid-up capital to GH¢400 million by December this year, the central bank says its decision still stands and, therefore, …
Ghana is seeking to issue up to $2.5 billion worth of Eurobonds in the coming weeks with a coupon in the 7 percent range, a rate well below previous sales, the West African nation’s finance minister told Reuters in an interview on Tuesday.…
Global wine output fell to its lowest level in 60 years in 2017 due to poor weather conditions in the European Union that slashed production in the bloc, international wine organisation OIV said.
Wine production totaled 250 million hect…
The International Monetary Fund (IMF) says, Ghana’s new vision of ‘Ghana beyond Aid’ coupled with the first year performance of the economy under President Akufo-Addo is a major inspiration to African countries.
Speaking at the maiden edi…
The National Petroleum Authority (NPA) has denied media reports that Juwel Energy Limited has been suspended for allegedly misreporting on gasoline it sold to another company in January 2018.
"Juwel Energy has never been suspended. It h…
The Ghana Statistical Service (GSS) is to begin a 10-week nationwide census of agriculture to aid efficient policy implementation to boost the performance of the country’s agriculture.
The information collected from the exercise would h…
The Volta Regional Minister, Dr Archibald Letsa, has urged Dzemeni Boat Owners and fishermen to close their ranks and work towards fair distribution of premix fuel in the area.
In his view, some individuals continued to take advantage o…
Government borrowing has fallen to its lowest annual level in 11 years, according to the latest official figures.
Borrowing fell by £3.5bn to £42.6bn in the 2017-18 financial year, the Office for National Statistics (ONS) said.
That …
Coca-Cola Co (KO.N) said on Tuesday it would take a hit in the second quarter from the introduction of a British sugar tax on soft drinks and rising freight costs in the United States, overshadowing modestly better than forecast results fo…
Oil prices hit $75 on Tuesday, the highest level in nearly three and a half years, as fears mounted over the prospect of new US sanctions on Iran.
Brent crude jumped for the sixth consecutive day, trading as high as $75.27 before fallin…
Milk powder brand, Cowbell has unveiled Cowbell Gold, the latest addition to its wide range of products which promises an energy boost to consumers.
The new product, Cowbell Gold is described by producers Promasidor Ghana Limited as a c…
Workers Union of the Ghana Ports and Harbours Authority (GPHA) has threatened to halt work at the Tema Port if government and stakeholders do not immediately review the contract of the Meridian Ports and Services (MPS).
Mr Emmanuel Neeq…
Stakeholders in the Cashew industry have called on government to expedite action on a regulatory framework to further spur the development of the sector. The stakeholders said the lack of regulation in Ghana’s cashew sector was one of the …
The government has earmarked GH¢50 million to support budding businesses in a project which will be rolled out in July this year.
The initiative is designed to provide young people, women and physically challenged persons with entrepren…
After posting an abysmal performance in 2016, the Social Security and National Insurance Trust (SSNIT) made a strong comeback in 2017 to register positive gains in key aspects of its operations.
Data made available to the Daily Graphi…
A Ukrainian crime gang used offshore firms in British tax havens to secretly invest millions of pounds in the UK, a BBC Panorama investigation has found.
The gangsters, and in some cases family members, bought luxurious property in prim…
The Interior Minister, Ambrose Dery, has underlined the government’s eagerness to ensure the efficient performance of Gaming Commission, to rank it among the leaders in West Africa.
In line with this, the staff would receive adequate tr…