The government is on a roadshow to raise $2.5 billion through a bond issue to clear arrears owed banks by state-owned electricity and petroleum utility companies.
A deputy Minister of Information, Mr Kojo Oppong Nkrumah, said in a messa…
Airtel Ghana, winner of Best Corporate Social Responsibility at the African Carrier Awards fulfilled its pledge to quality education with a “Back to School Initiative” at Adaklu Aboadi SA primary school and the Adaklu Xelekpe DA JSS in…
We hear a lot about the under-representation of women in so-called STEM fields - science, technology, engineering and maths.
But the proportion of women in economics is by some measures smaller.
In the US, only about 13% of academic …
South Africa's finance minister and central bank governor will head to Washington this weekend to meet ratings agencies and international investors in an effort to boost growth in an economy that is emerging from recession.
The Treasury…
The risks to global financial stability in the immediate future have declined, according to a new assessment from the International Monetary Fund.
But at the same time, vulnerabilities over the longer term are building, the IMF warns.
…
The Asante Akim-South Municipal Assembly has launched a project to nurse one million improved cocoa seedlings annually for distribution to farmers in the municipality. Mr. Alexander Frimpong, the Municipal Chief Executive (MCE), said two n…
Don’t let the recent strong initial public offerings fool you: Tech startups are still avoiding Wall Street en masse, and there is big money offering them investments to stay private in multiple ways.
Last week’s debut of data-center co…
World leaders should take advantage of the healthiest global growth in years to pursue policies that will spread prosperity to those being left behind, the head of the International Monetary Fund is arguing.
"It is not time to be compla…
India’s Bank of Baroda is being investigated by South Africa’s central bank over money held for companies controlled by the politically connected Gupta family, according to a person familiar with the matter.
The South African Reserve Ba…
With bitcoin hitting a new all-time high in early trading Thursday, investors might be wondering whether they should venture into the developing world of cryptocurrency.
Tread with caution.
Bitcoin reached $5,231.28 on the news tha…
The forerunner of the bicycle - the laufmaschine or running machine - bears only a passing resemblance to the pedal-bikes we know today.
Invented in 1817, it had no chain and was powered by the rider pushing his feet along the ground in…
Business travelers to France are in the sights of online rental marketplace Airbnb, according to a senior official on Thursday at the company best known for hosting holidaymakers.
Airbnb For Business was launched in 2015 for companies l…
Tullow Oil plc (Tullow), on Thursday, announced that it has acquired 90 per cent stakes in four onshore blocks in Côte d’Ivoire.
Petroci, the national oil company of Côte d’Ivoire, holds the remaining 10 per cent within the four acquire…
Dr Christopher Mensah, Senior Lecturer, Department of Hospitality and Tourism, Ho Technical University has identified lack of research as a major challenge affecting the growth of Small and Medium Scale Enterprises in the country.
He sa…
TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer said pharmacy is the next business Amazon (AMZN - Get Report) can target.
"The need for Amazon to go into this business is great," Cramer said. "They can negotiate …
The World Bank has projected that Sub-Saharan Africa would record modest economic growth recovery of 2.4 per cent in 2017 after the region grew by just 1.3 per cent in 2016. In its new Africa’s Pulse, a bi-annual analysis of the state of A…
Pan-African airline, ASKY, would resume its flight operations to and from West African cities of Monrovia, Freetown and Banjul from November 1, 2017.
According to the Togo-based airline, passengers on these flights will benefit from a s…
The maiden edition of the Northern Trade Fair 2017 has opened in Tamale to showcase emerging business opportunities in the region. The four-day event, which ends on Saturday, has brought together over 500 entrepreneurs, craftsmen, manufact…
Sub-Saharan Africa’s economies are experiencing a modest recovery, with Gross Domestic Product growth in the region expected to rise to 2.4 per cent in 2017; from 1.3 per cent in 2016.
The 16th edition of Africa’s Pulse report, which re…
The EU is to begin preparing for its post-Brexit trade negotiations with the UK, while refusing to discuss the matter with the British government.
An internal draft document suggests the 27 EU countries should discuss trade among themse…
It's time for the world's central banks and regulators to get serious about digital currencies, according to the head of the International Monetary Fund.
Global financial institutions are taking risks by not watching and understanding…
Human Resource practice is a serious business which can make or unmake an organization. Human resource is about people and it is these people who make up a business entity. If the people are not there, there will be no business. A disenf…
Samsung Electronics chief executive Kwon Oh-hyun has resigned citing an "unprecedented crisis".
It is the latest management upheaval at the firm after the heir of the entire Samsung Group was imprisoned for corruption in August.
Mr K…
Ghana is estimated to have lost about GH¢1billion from the sale of 200 million litres of diesel which could not be accounted for between 2015 and 2016.
Although the said quantities of the product did not get to their intended destinatio…
GCB Bank Limited has been named by Global Finance as the Safest Bank in Ghana.
Out of the over 30 banks in the country, only GCB was mentioned in the release which also identified safest commercial and emerging markets among others.
…
Societe Generale (SG), Ghana, has rewarded its loyal customers as part of its Customer Service Week celebrations.
Customers who have been trading with the bank for more than 20 years were hosted to a special session with management of t…
There's a new face at the top of China's wealth tree.
Real estate tycoon Xu Jiayin, founder of China Evergrande, is now the country's richest man after his wealth ballooned to $43 billion, according to the latest Hurun China Rich List.
…
The annual consumer price inflation dropped to 12.2 per cent in September from 12.3 per cent in the previous month, however, the general price level between August 2017 and September 2017 did not change.
Mr Anthony Amuzu, Deputy Governm…
Ghana’s gross domestic product (GDP) grew by 3.7 per cent in 2016, a decline from the 3.8 per cent rate in 2015, thus continuing the downward trend since 2011.
According to the Institute of Statistical, Social and Economic Research (IS…
The Ghana Home Loans (GHL) and International Finance Corporation (IFC) have signed a Memorandum of Understanding (MoU) to help encourage the patronage of green building in the local construction industry.
By signing the agreement, the t…
Government is to develop an online portal to host all infrastructure projects by the end of 2018.
The platform, known as the ‘Project Bank’, will have all infrastructure projects that have been thoroughly assessed and are deemed to be f…
A senior Research Fellow and Head of Economics Division of the Institute of Statistical, Social and Economic Research (ISSER), Dr. Charles Ackah, has cautioned policy makers to avert their minds to the social implications of Ghana’s under-…
In the midst of a Forex currency crisis, the National Bank of Ethiopia (NBE) has devalued Birr by 15pc and raised the interest rate by two percentage points to seven percent. The devaluation pegs the Ethiopian Birr at 26.91 to the dollar, …
The UK arm of eBay paid only £1.6m in corporation tax last year, even though its US parent had total revenues from its UK operations of $1.32bn (£1bn).
Ebay's UK accounts record only £200m in revenues, which came entirely from a Swiss p…
Car, train and aircraft makers are investigating whether they have used any sub-standard materials made by Kobe Steel.
The checks come after Japan's third largest steelmaker admitted falsifying quality data, possibly for as long as a de…
Ghana’s total capital expenditure in 2016 exceeded the projected figure of GHC6,393.0 million to GHC7,678.1 million, which is 20.1 per cent higher than the anticipated figure.
The higher overturn was driven partly by higher foreign-fina…
Ghanaian exporters have been asked to make aggressive push towards exploiting international market opportunities to grow and expand their businesses. Mr. Mark Badu-Aboagye, Chief Executive Officer (CEO) of the National Chamber of Commerce …
The Finance Minister, Mr. Ken Ofori-Atta, has underlined the government’s unswerving resolve to go the extra mile to prevent wasteful public spending. It would do everything to crackdown on corruption and eliminate waste in the management …
The profitability of the average UK farm could fall by as much as half after Brexit, new research suggests.
The report, by the Agriculture & Horticulture Development Board (AHDB), says the "worst-case scenario" would cut average farm pr…
WASHINGTON (Reuters) - The global economic recovery has strengthened financial stability but easy monetary and financial conditions against a backdrop of sluggish inflation is elevating medium-term risks, the International Monetary Fund sa…
Oil prices edged higher for a third day on Wednesday as OPEC said the market was gradually tightening after years of oversupply, but the 2018 outlook was less certain.
Brent crude futures LCOc1, the international benchmark for oil price…
The Department of Social Welfare has cautioned non-governmental organizations to ensure that they use funding they receive from donors for its intended purpose.
Mr Joseph Kojo Attigah, Deputy Director at the Department of Social Welfare…
A beachfront tourism enclave is to be developed along the coast of Accra to meet the needs of the business community and tourists, the Vice-President, Dr Mahamudu Bawumia, has announced.
When completed, he said, the enclave, to be estab…
TOTAL S.A. TOT announced that it has entered into a Technical Evaluation agreement with National Office of Petroleum of Guinea to explore deepwater of Guinea. The offshore area, designated for exploration, is located off the coast of Guin…
The Chartered Institute of Procurement and Supply (CIPS) has officially been launched in Ghana with the aim to professionalise the procurement and supply profession in the country.
By the launch, CIPS Ghana will now represent the procur…
Vice President Dr Mahamudu Bawumia, Tuesday, expressing concern about the high airfares in Africa, asked African countries to open up their air spaces by reducing the taxes on inter-country flights to boost the tourism industry.
He said…
Mr James Kwofi, the Acting Managing Director (MD), Ghana Post Company, has urged Ghanaians to watch out for a vibrant Ghana Post in the near future.
He said the new Management of Ghana Post with the help of government was poised to brin…
The economy is always in a state of flux, moving through periods of growth and recession, and after both, a full business cycle is complete. That cycle can be broken down further into four stages: early, mid, late and recession, with each …
Mr Ebenezer Azidoku, the Afram Plains North District Agriculture Director has called on government to provide storage facilities for farmers who would benefit from government’s ‘planting for food and jobs’ programme.
Making the call thr…
Tourism is booming in the UK with nearly 40 million overseas people expected to have visited the country during 2017 - a record figure.
Tourist promotion agency VisitBritain forecasts overseas trips to the UK will increase 6% to 39.7 mi…