Akuley Shoe Factory, one of Ghana’s indigenous and biggest shoe factories is in dire need of financial support to come back to life. The factory, known for its quality Adidas football boots, bags, and general shoe and leather works in the …
Britain’s Rolls-Royce (RR.L) is considering the sale of its commercial marine business, which has been hit by weak demand in offshore oil and gas markets, as part of a restructuring of the company into three core units.
Shares in the co…
Goldman Sachs Inc on Wednesday posted its first quarterly loss in six years on a huge tax charge but adjusted profit trumped analysts’ estimates, as strength in the investment banking business cushioned the blow from a slump in trading.
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The Minerals Commission says it will adopt a three-prong objective to fulfil its vision of making the mining sector attractive for investment and for job creation.
Briefing the media on the Commission’s vision on Tuesday, Mr Samson Boaf…
Nestle is selling its US sweets and chocolate business to Ferrero Group for 2.7bn Swiss Francs ($2.8bn; £2bn).
The Swiss food giant said it was offloading brands such as Crunch, Nerds, Runts and Butterfinger to focus on other products.
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Bitcoin skidded a further 12 percent on Wednesday, marking an almost halving in value from its peak price, with investors spooked by fears regulators could clamp down on the volatile cryptocurrency that skyrocketed last year.
The price …
Vizeum Ghana, together with the Dentsu Aegis Network Sub-Saharan Africa Hub team and Guinness Ghana, has been recognised at the Assegai Integrated Marketing Awards in Johannesburg, South Africa.
They were presented with the Leader Awa…
The release of Nielsen’s latest Consumer Confidence Index figures for Quarter 3, 2017 has been marked by small increases and a relatively stable performance in both Ghana and Nigeria, with the latter climbing one point to 117, while Ghana’…
Singer, songwriter, presenter, public speaker and businesswoman Unathi Nkayi is currently making her way to summit Mount Kilimanjaro as part of the team that is launching the new .africa (dotAfrica) geographic Top Level Domain (gTLD) to th…
The Ghana Revenue Authority (GRA) has held an awards ceremony for more than 138 workers, who retired from the Authority in 2017.
The workers had served the organisation in different capacities, for between 20 and 42 years.
They each …
A four-day conference to find radical ways of doing things to substantially increase bean production in sub-Saharan Africa has opened in Kumasi.
It is being organized by the West and Central Africa Bean Network Steering Committee of the…
The Association of Ghana Industries (AGI), has pledged to forge an extensive collaboration with government, policy makers and regulators to ensure the effective implementation of government’s industrialisation agenda.
Speaking at an inv…
Sir Sam Jonah, the Executive Chairman, Jonah Capital, has called for a deliberate policy to change the attitude of Ghanaians towards local products.
He said the inordinate taste for foreign goods in Ghana and many African countries was …
The government is preparing to introduce a regulation that will ensure transparent accounting for the export of Ghana’s natural resource, Vice President Alhaji Dr Mahamudu Bawumia, has said.
“For the most part …we are told by natural re…
Mr Tahiru Imoro, Zabzugu District Director of the National Commission for Civic Education (NCCE) has reiterated that failure to pay one’s full tax liabilities is against the constitution of Ghana.
He said honouring one’s tax obligation …
Nothing undermines investment promotion than corruption, Sir Sam Jonah, the Chief Executive Officer of Jonah Capital, has said.
“Corruption is corrosive and adds to the cost of business,” Sir Jonah said in his keynote address at the ope…
THE GCB Bank has partnered Global Shea Alliance (GSA) to support 10 small businesses from Ghana to market their produce to the international community at the recently held Africa Cosmetics Products Exhibition in Dubai.
The eve…
MTN Ghana has offered residents of Tema and its environs an experience of its fibre Broad Band service at its Family Fun Day.
The MTN Family Fun Day was an experiential event to let residents experience at first hand, how Fibre broadban…
Oil hovered near a three-year high above $70 a barrel on Monday on signs that production cuts by OPEC and Russia are tightening supplies, although analysts warned of a “red flag” due to surging U.S. production.
International benchmark B…
The UK's inflation rate has fallen for the first time since June, mainly because of the impact of air fares.
The inflation rate dipped to 3% in December, down from November's rate of 3.1% - a six-year high.
The Office for National St…
Golden Star Resources hit its production targets for 2017, but has warned investors to expect a drop in ounces in 2018 as it becomes an underground-only operator.
The miner, which for the bulk of 2017 was integrating two new underground…
The Institute for Energy Security (IES) is predicting an increase in petroleum prices in the next pricing window. The increase is expected to be between three and five per cent.
The IES, in a press release, said indicators recorded in…
The Public Interest and Accountability Committee (PIAC) has stressed the need for Government to reconfigure the Tema Oil Refinery (TOR) to make commercial oil drilling at the Saltpond Oil field (SOF) economically viable.
The SOF, which …
The Ministry of Transport says it has not directed Uber to ensure all its drivers brand their cars like taxis.
The General Secretary of the Commercial Taxi Drivers Association of Ghana, Steven Nimo, was reported to have said the decisio…
Chilean officials have accused the World Bank of treating the country unfairly for several years.
Foreign Minister Heraldo Muñoz, tweeted "fake news was becoming fake statistics".
He was responding to an interview given by the bank's…
AirtelTigo, treated its Premier Customers to a series of surprises to acknowledge their support and express gratitude for their loyalty during the festive season.
Premier Customers received shopping vouchers worth hundreds of Ghana Ce…
A mezzanine floor has collapsed at the Jakarta stock exchange building (IDX), injuring dozens of people.
Dramatic CCTV footage captured the moment of collapse, which sent a group of more than 30 students gathered on the mezzanine crashi…
An amount of GH¢62,606,403, in three instalment payments for the delivery of food items to Senior High Schools in the country has been paid to the National Food Buffer Stock Company by the Ministry of Education.
Hence, food items will b…
The North Gonja District Assembly has taken steps to find more market for smocks woven in the area by tasking the country’s High Commissioners and Ambassadors to promote smocks in their countries of assignment.
To this end, the Assembly…
The Association of Used Auto Parts Dealers (ASUAPAD) says the prices of vehicle spare parts on the market have remained relatively stable for the past one year.
This is in spite of concerns raised by the Ghana Private Roads and Transpor…
The Chief Executive Officer (CEO) of the Accra Metropolitan Assembly (AMA), Mr Mohammed Adjei Sowah, has cautioned that buyers who patronise the services of traders selling at unauthorised places are culpable.
He said the AMA Hawkers by…
Amandi Holding Limited, contractors working on the Ho Airport project will officially hand over the facility to government in March, this year. This follows completion of work on the 25 million dollar project funded by the Ghana Airport C…
Shares in GKN, one of the UK's biggest engineering firms, have soared after it rejected a bid that values the company at £7bn.
Melrose made the unsolicited offer of 405p a share on 8 January.
Shares in GKN, which makes wing tips for …
China’s Bitmain Technologies is eyeing bitcoin mining sites in Quebec, a company spokesman told Reuters, as expectations of a potential Chinese crackdown on cryptocurrency mining make the energy-rich Canadian province an attractive alterna…
Ghana will participate in Regional Energy Co-operation Summit 2018 slated for Abidjan, Cote d’Ivoire, from January 24 to 25.
The summit will establish the roadmap for sustainable electricity trade in ECOWAS’ booming gas and energy marke…
Oil driller Tullow says daily production from its flagship operated asset TEN fields, in the deep waters offshore Ghana, will go up by 12.5 per cent this year.
The UK oil firm forecast an average production of 75,800 barrels per day (bo…
Vivo Energy Ghana, the sole distributor and marketer of Shell branded fuels and lubricants has unveiled its modern shop brand, ‘Welcome’ to offer convenience, variety, and optimum customer satisfaction to its clients.
The shops come wit…
The Food and Drugs Authority (FDA) says media outlets and persons that would be found culpable of flouting its directive on prohibition of advertisement of alcoholic beverages would spend between 15 and 35 years imprisonment. Media outlets…
Ralph Lauren Corporation RL has been facing difficulties due to issues at its North America business segment, which is persistently delivering dismal results. However, the company posted solid results in the second-quarter fiscal 2018.
…
JPMorgan Chase & Co (JPM.N), the biggest U.S. bank by assets, reported a higher-than-expected quarterly profit on Friday as gains in net interest income offset a slowdown in trading revenue.
The bank recorded a $2.4 billion charge to co…
The Kumasi Metropolitan Assembly (KMA) has taken steps to improve its revenue collection performance as it builds reliable data on all businesses across the metropolis.
The activity is being carried out by its Revenue Enhancement Team, …
President Nana Addo Dankwa Akufo-Addo has declared the government’s intention to revamp the palm oil industry, with best practices from Malaysia.
He said the Asian country which, according to legend, received its first palm seedling fro…
The Public Interest and Accountability Committee (PIAC) has called for closer collaboration between the Ghana Revenue Authority (GRA) and the Petroleum Commission (PC) to ensure that oil exploration companies accurately pay surface rental …
China has shut down the Chinese websites of Marriott International for a week, after the firm listed Tibet and others as separate countries.
The hotel group has apologised for the error and said it did not support separatist movements i…
First National Bank (FNB) has appointed Ms Hannah Annobil-Acquah as Head of Retail Banking.
Mrs Annobil-Acquah brings on board a wealth of experience in retail banking, having worked in various roles in the sector for over a decade.
…
Hundreds of youth entrepreneurs in Wa have received entrepreneurship training aimed at building their capacities to develop and submit workable business plans for the National Entrepreneurship and Innovation Plan (NEIP) programme competiti…
The Ghana Standards Authority (GSA) under the auspices of the Ministry of Trade and Industry has called for strict enforcement of legislations on second hand goods such as handkerchiefs, underpants, mattresses and sanitary ware.
A state…
The Passionate Africa Leadership Institute (PALI) for Leadership and People Development, says for Africa to experience a turnaround in its economic fortunes and industrialisation drive, it must prioritise entrepreneurship and innovation am…
The Kumbungu District Directorate of the National Commission for Civic Education (NCCE) has intensified the education on tax payment to increase the country's revenue.
Mr Mohammed Abukari, the Acting District Director, speaking at separ…
The year-on-year inflation rate inched up to 11.8 per cent in December from the 11.7 per cent recorded in November 2017.
Mr Baah Wadieh, Acting Government Statistician, attributed the rise to an increase in the rates of inflation for th…