The Ghana Stock Exchange (GSE) sustained its upward rally after risk appetites of investors kept improving due to current developments in the money market and positive financial footings of some listed companies.
The GSE Composite Index…
Last year, the government overspent its budget by a little over GH¢4.2 billion, although its revenue fell by almost GH¢9.5 billion.
The over expenditure and the shortfall in public revenue have been captured by the Auditor-General in it…
It is emerging that the GCB Bank Limited was prevailed upon to absorb the performing assets of the now insolvent UT Bank and Capital Bank in a manner that will help minimise the impact of their insolvency on the entire banking sector, main…
The Bank of Ghana (BoG) says the forced takeover of UT Bank and Capital Bank on Monday morning is an action of last resort after the fortunes of the two banks continually deteriorated despite being on life support for two years, reports Ma…
Dr Ernest Addison, the Governor of the Bank of Ghana, says the decision to revoke the licenses of UT Bank and Capital Bank (BoG) was taken to protect customers and the banking system.
Addressing a news conference on Monday, Dr Anderson …
Oil prices fell on Monday as a slowdown in Chinese refining raised concerns about demand in the world's second-biggest consumer, while an increase in U.S. drilling capacity could deepen a global supply glut.
Chinese refineries processed…
Japan's economy grew at its fastest pace for more than two years in the second quarter as consumer spending and capital expenditure ramped up.
Gross domestic product expanded at an annualised rate of 4% in the April-to-June period, gove…
Donald Trump is set to launch an investigation into China's trade practices later, a move which could lead to the US imposing sanctions.
The president will sign a memorandum directing US Trade Representative Robert Lighthizer to look in…
Canada’s exports to Ghana last year amounted to$252 3 million, while Ghana’s exports to Canada was $67.2 million.The record is an improvement for both sides over the 2015 performance, which was $215.5 million for Canada and $49.8 for Ghana…
The Ministry of Trade will on Monday, August 14, take its turn at the National Policy Summit.
A statement issued by the Information Services Department, on Friday, and copied to the Ghana News Agency, said the two-day event would be h…
President Nana Addo Dankwa Akufo-Addo on Tuesday, August 15, will lay the foundation stone for the construction of a technologically advanced cement factory for CBI Ghana at the Tema Free Zones Enclave.
When complete, the CBI Ghana plan…
World stocks rose on Monday, recovering some of their poise after fears of a U.S.-North Korea nuclear standoff drove them to the biggest weekly losses of 2017, while the dollar too rose off four-month lows it had hit against the yen.
U.…
The GCB Bank has acquired UT Bank and Capital Bank following the distress of the two banks, the Bank of Ghana (BoG) has said.
The development is in line Section 123 of the new Banking Act, which states that when a bank is in distress, t…
A Deputy Minister of Trade and Industry, Mr Robert Ahomka-Lindsey, says the government is working on plans to revamp the Komenda Sugar Factory at Komenda in the Central Region through broader stakeholder consultation.
He said it would t…
The Government is to allocate warehouses to off-takers of the planting for food and jobs programme to enable them to stock excess food during the bumper season.
The old warehouses which belonged to the COCOBOD had been leased by the Min…
The Ghana Stock Exchange (GSE) has with effect from Monday, August 14, 2017 suspended the listing status of UT Bank Limited indefinitely.
A statement released by the GSE Monday said UT Bank breached the GSE’s Listing Rules by failing t…
The GCB Bank has acquired UT Bank and Capital Bank following the distress of the two banks, the Bank of Ghana (BoG) has said.
The development is in line Section 123 of the new Banking Act, which states that when a bank is in distress, t…
Vodafone Ghana Foundation has concluded a five-day coding and technology camp at the University of Cape Coast. This forms part of a wider strategy by the telecommunications company to ignite Ghana’s digital agenda.
The camp, which had …
Fabeco Group Limited, local distributor of Covides, from one of Spain’s biggest wine producers from the Penedes region of Barcelona, has held the maiden wine tasting and food pairing event in Accra.
The event dubbed: “Experience Espana …
This feature is a continuation of an earlier publication on various funding sources available to corporate bodies; and the usefulness of these funds to the expansion and growth of firms in an economy.
Discussions in the previous write-u…
The Ghana Revenue Authority (GRA) has held a seminar for small tax payers in Cape Coast and its environs to help deepen their understanding of the tax laws and relevant taxpayer issues.
It is the GRA’s desire to achieve a reasonable de…
Egypt has received $40 billion in investments and transfers from abroad since floating its currency in November and securing the largest International Monetary Fund loan to a Middle East nation.
The funds include receipts from exports,…
United Nations Development Programme (UNDP) has provided an assistance package to boost the productive capacity of women engaged in gari-processing at Kenyase Number Three in the Asutifi North District and transform their lives.
This in…
Mr Osei Asafo-Adjei, the Managing Director(MD) of the Royal Bank, has suggested to the Bank of Ghana (BoG) to allow banks to recapitalise based on the nature of their business interest.
He said, this would imply that banks that would li…
Western Europe’s biggest oil and gas producer, Norway, is also one of the countries that is most self-congratulatory on its climate action, electric cars sales, and green policies. One of the central—and most controversial—issues in the ca…
The U.S. economic expansion will last at least another two years, according to a majority of economists polled by Reuters who also forecast growth will not accelerate the way the Trump administration has predicted.
The recovery from the…
Npower's parent company, Innogy, has reported a loss for its UK division, but gained more customers in the first half of the year.
Npower posted losses in underlying earnings of 12m euros (£11m), compared with a profit of 85m euros in 2…
A leading IT and system integration company, JETHRO, has chosen Ghana as the latest location for its ambitious expansion plans within the continent.
To celebrate the launch of JETHRO in Ghana, the company organised an event on the theme…
The Department of Fisheries and Watershed Management, Kwame Nkrumah University of Science and Technology (KNUST), is leading efforts at increasing the nation’s fish production levels, to substantially boost household incomes.
It is doin…
The Bank of Ghana (BoG) is in the process of issuing guidelines for the establishment of cyber security protocols and procedures for routine and physical security measures for IT centres and control rooms.
Dr. Johnson Asiamah, Second De…
The Africa Centre for Energy Policy (ACEP) on Wednesday said Ghana risk losing significant revenues from Sheini iron ore project whose development contract was yet to be awarded.
The Centre, based its argument on the absence of an open …
Mr Sampson Akligoh, Director, Financial Sector Division of the Ministry of Finance, has announced that Ghana would launch its Financial Inclusion Strategic Plan next year as part of effort to transform the financial sector.
He said the …
Snap shares plunged 14% on Thursday after the social media firm reported more than $400m (£310m) in quarterly losses and fewer than expected users.
The share price fall extended a decline that started almost immediately after Snapchat s…
Last weekend, the Africa Centre for Energy Policy (ACEP) published an advisory paper for the government. The paper is aptly named “Liquefied Natural Gas (LNG) supply to Ghana: The politics and the reality”.
This paper is doing a comm…
Odotobri Rural Bank Limited, with its head office at Jacobu in the Amansie Central District in the Ashanti Region, in its quest to offer convenient banking services to its numerous customers has launched and made functional, its ATM servi…
The Civil Technical Division of the Ghana Institution of Engineers (GhIE) is scheduled to hold a conference and exhibition on September 14, 2017 at the premises of the Ghana Institution of Engineers, Roman Ridge, Accra.
Under the theme:…
Vice-President Dr Mahamudu Bawumia on Thursday reiterated government’s commitment to fully implement the Treasury Single Account (TSA).He said there would be no turning back on its execution.
In a speech read on his behalf Dr Bawumia sa…
MTN Ghana on Wednesday held its Mobile Money stakeholders conference, as part of activities for the month-long celebration on the need to address barriers in mobile transactions.
The conference held under the theme: “Addressing barriers…
The Ghana Ports and Harbours Authority (GPHA) is to harmonise billing procedures at the port by deploying an electronic interface as part of measures to eliminate delays in processing payments at its revenue mobilisation centre.
The ele…
The Bank of Ghana (BoG) is to roll out in phases, a new banking regulation model that will require banks to keep minimum capital commensurate with the risks they face, the Governor, Dr Ernest Addison, has announced.
He stressed that the…
The government has earmarked GH¢456 million as seed capital to support 80 private enterprises approved by the one-district, one-factory Secretariat to participate in the implementation of the one-district, one-factory programme.
Accordi…
President Nana Addo Dankwa Akufo-Addo has served notice that public officials will be held accountable for their decisions, actions and inaction in the management of public resources.
He gave an assurance that the government would ensur…
Airtel Ghana, the Smartphone Network, has unveiled a special Hajj Bundle offering a whopping 200% discount on calls for Hajj Pilgrims to Saudi Arabia – to enable them stay in touch with their family and friends throughout the Pilgrimage.
…
Accra, Aug. 9, CDA Consult - Ecobank Transnational Incorporate (ETI), Regional Commercial Bank operating in many African Countries including Ghana recovered from previous day’s marginal slip to hit the Ghana Stock Exchange (GSE) Investors’…
Dr Lord Mensah, a Finance and Investment Expert, has observed that it would be difficult for government to maintain low macro-economic indicators while promoting economic growth at the moment.
He said government’s policy strategy was to…
Compliance with the OPEC oil output deal continues to decline as the cartel's production increases for the month of July.
• Oil prices have rallied back towards $50 per barrel, retracing the steep losses in June.
• But upside potent…
A sudden rise in interest rates poses the greatest threat to the global economy, the IMF's former chief economist has told the BBC.
Ken Rogoff, who famously predicted a big bank would collapse during the financial crisis, warned that pe…
UK industrial production shrank in the second quarter of the year, according to the latest official figures.
Production fell by 0.4%, mainly due to a 0.6% drop in manufacturing output, the Office for National Statistics (ONS) figures sh…
The Enterprise Group Limited recorded a net profit of GHC68 million in 2016 as against GHC51.5 million in 2015, representing an increase of 31.9 per cent. Net insurance premium rose from GHC253.7 million in 2015 to GHC308 million in 2016 w…
The Annual Internal Audit Conference to provide a platform for key stakeholders in the fiscal and audit sector to chart plans and robust mechanisms to ensure judicious use of national resources, has opened in Accra.
The two-day dialogue…