The Kosmos Innovation Centre has hosted its third and final round of business plan pitches in the 2017 AgriTech Challenge at the University of Ghana during which six teams presented various viable and scalable business concepts to a panel …
Customers of the Capital Bank now have the opportunity to transfer cash from the bank’s ATM to any other bank in Ghana instantly.
The service, the first of its kind to be rolled out by a bank in the country is ,however, currently availa…
Dr Lord Mensah, a Finance and Investment Expert, says the economic strategy adopted by the Government would yield fruitful results with creation of jobs in the next two or two-and-half years time.
He said the economic policies of the go…
The Chief Executive Officer of Ghana Shippers Authority, Ms Benonita Bismarck, has expressed concern over rising police and customs checkpoints and corruption, which increase cost of doing business in the West African sub-region.
A re…
The ARB Apex Bank has rated the performance of the Builsa Community Bank (BUCO BANK) at Sandema in the Upper East Region last year as satisfactory.
The BUCO Bank took 60th position out of 141 rural banks nationwide with a profit before…
The African Development Bank (AfDB) has commended the government for what it describes as the significant strides made in the management of the economy within a relatively short time in office.
The President of the bank, Mr Akinwumi Ade…
The government is to engage a strategic partner to revamp the Tema Shipyard for it to play its role in the maritime industry.
The Minister of Transport, Mr Kwaku Ofori Asiamah, who made this known, said the discovery of oil in the count…
Ghana has the capacity and resources to produce rice for consumption and export, the President of the African Development Bank (AfDB), Mr Akinwumi Adesina, has said.
“It, therefore, has no business importing rice to the value of $400 mi…
(Reuters) - Dish Network Corp on Thursday reported quarterly results that missed analysts' estimates, but the satellite television provider lost fewer subscribers than expected.
Shares were down 2 percent to $62.72 in early trading.
…
Nigeria took a step to unify its multiple exchange rates by allowing banks to use a currency window for investors when quoting the naira rather than the official rate. The naira weakened on the interbank market.
FMDQ OTC Securities Exch…
The banking industry of Ghana is today witnessing fundamental changes in a rapid manner.
These changes are in response to happenings in the financial markets across the globe, coupled with current trends on the domestic scene, such as; …
Rendeavour’s Appolonia City has signed a partnership agreement with the Ghana Home Loans (GHL) to deliver 100 affordable housing units, in the first phase of a project to help address Ghana’s housing deficit,
The agreement will see th…
Some residents within the Tamale Metropolis have expressed joy with the 2017 mid-year budget review presented by the Finance Minister on Monday.
They praised the government for living up to expectations within the short six months perio…
Mr Joe Tachie, the Acting Chief Director, Ministry of Business Development says Ghana being predominately an SME economy needs to nurture and support start-ups and micro-small medium enterprises to enhance their contribution to economy gro…
Ghana can access $500 million annually from the African Development Bank for development programmes , over a three year period, following President Nana Addo Dankwa Akufo-Addo's prudent management of the economy.
The President of the …
Mr Ibrahim Mohammed Awal, Minister for Business Development, has urged the media to support the government’s plans to brand Ghana as a ready market and open for business.
He noted that the President had communicated the desire to make G…
Australia's biggest mortgage lender has been accused of massive breaches of anti-money laundering laws.
The country's financial intelligence agency launched proceedings on Thursday against Commonwealth Bank for 53,700 alleged breaches.
…
Vodafone Ghana has taken a definitive step in its quest to ignite Ghana's digital agenda. The organisation, through its Foundation, has begun a five-day coding and technology information camp at the University of Cape Coast.
The camp, w…
Newmont Ghana says it is committed to ongoing, dialogue with youth in communities near its Ahafo mine to address their concerns regarding employment opportunities at the operation.
The Kenyasi No. 2 Youth Association organised a demonst…
Ghana is working to roll out a robust system within the next six months so that customs clearance can be granted to importers in four hours, the Vice-President, Alhaji Dr Mahamudu Bawumia, has said.
He stated also that plans were far ad…
The Audit Service says the properties of even dead people who received or took funds from the public purse wrongly will not be spared, as it begins surcharging persons and organisations implicated in the annual Auditor-General’s reports.
…
The current economic crisis and recession in Nigeria has brought to the fore what is already known: that the existent Nigerian national economy is not organized for internal self-propulsion and autonomous economic and business activities. …
Twiga Foods, the Kenyan business-to-business food supply platform announced today that it has successfully raised a Series A funding round including $6.3m in equity and $4m in debt instruments. The round was led by Wamda Capital and includ…
The UMB Bank and UMB Capital have launched the UMB Foundation, an independent philanthropic entity to streamline the corporate social responsibility initiatives of UMB Bank and UMB Capital.
To achieve its vision of “creating meaningful …
The Ghana Union of Traders Association (GUTA) has expressed dissatisfaction with the mid-year budget review presented at Parliament on Monday, by Finance Minister, Mr Ken Ofori-Atta.
The GUTA said the budget failed to capture policies n…
Mr Kenneth Kwamina Thompson, Chief Executive Officer of Dalex Financial Services, says there is hope for journalism in Ghana, especially financial journalism, as the programmes of IFEJ will equip journalists to improve on their work.
He…
Ethiopian Airlines Group, a Star Alliance member, has colourfully marked the 20th anniversary of Star Alliance, the largest global airline network. A statement issued in Accra by Mrs Hanna Atnafu, Manager Corporate Communications, Ethiopia…
The Association of Small Scale Industries (ASSI), the apex body of trade sector associations within the manufacturing and service sectors, has been re-launched after 30 years of operation in Ghana.
The re-launch coincides with the laun…
A member of the Public Affairs Department of the Ghana Cocoa Board (COCOBOD), Mr David Asare-Oduro, says the government and COCOBOD have resolved to ensure that 50 per cent of cocoa produced in Ghana is processed into finished products to …
The eurozone notched up growth of 0.6% in the second quarter of the year, official Eurostat figures showed.
The figure puts annual growth in the 19-country bloc at 2.1% since a year ago.
First-quarter growth was revised down slightly…
The youth have been called upon to carefully prepare themselves for the job market to enable them have access to the limited job openings.
Mr Abraham Opare-Zisu, Managing Director of the South East Company Limited expressed the need fo…
A United States Agency for International Development in Ghana (USAID) grant beneficiary, Antika Company limited has supplied about 180 metric tons of certified seeds to the government’s “Planting for Food and Jobs Programme”.
The suppli…
The Ghana Export Promotion Authority (GEPA) has called on the Metropolitan, Municipal and District Assemblies (MMDAs) in the north to help identify and unearth immensed agricultural products that could be developed and promoted locally fo…
British Gas will increase electricity prices by 12.5% from 15 September, its owner Centrica has said, in a move that will affect 3.1 million customers.
Gas prices are unchanged, but the average annual dual-fuel bill for a typical househ…
The Government has successfully laid the foundation for flagship programmes and would start implementing them in the second half of the year (2017).
Finance Minister Ken Ofori-Atta said the focus of the Government in the first half of t…
Mr Ken Ofori Atta, Minister of Finance, has said the country’s macroeconomic indicators are pointing to the right direction, attributing these successes to the various strategies put in place to ensure fiscal stability and growth.
He sa…
Four Municipal and District Assemblies (MDAs) in the Brong-Ahafo Region are benefiting from an European Union (EU) funded development support programme aimed at enhancing local economic growth and creating jobs among the youth.
Under th…
A national forum on the International Monetary Fund (IMF) programme has ended with a call on the Government to deepen transparency and accountability through periodic publication of fiscal data with a lag of six weeks.
The participants …
Mr Ken Ofori-Atta, the Minister of Finance, on Monday presented the Mid-Year Fiscal Policy Review of the 2017 Budget Statement and Economic Policy to Parliament in accordance with Section 28 of the Public Financial Management Act 2016, (Ac…
Finance Minister, Mr Ken Ofori-Atta, has reaffirmed government’s commitment towards making Ghana a leading entrepreneurial nation on the African Continent.
He said government was injecting 10 million dollars as a seed-capital into the…
The shortage of homes coming on to the market is helping to keep house prices high, the Nationwide has reported.
The building society said that prices increased by 0.3% in July, the second month running there has been a rise.
Nationw…
The country’s gross international reserves increased slightly in the first half of the year up from US$4.9 billion at the end of December 2016 to US$5.9 billion. This implied that the amount could provide 3.4 months of import cover for t…
Working with the support of MTN Ghana, the Ghana Police have arrested two culprits at Assin Daaman in the Central Region. The two are suspected to be involved in Mobile Money scams.
The suspects, Stephen Appiah and Eric Aboagye, were ar…
The government has revised nominal gross domestic product (GDP) to GH¢202.01 billion from the original projection of GH¢203.41 billion.
Projected economic growth has, however, been maintained at 6.3 per cent.
The reduction in the nom…
The Minister of Finance, Mr Ken Ofori-Atta, has announced that government plans to eliminate all its arrears by end of 2019 following the result of an audit of the outstanding commitment generated as at end 2016.
He, however, gave the a…
The Minister of Finance, Mr Ken Ofori-Atta, has painted a bright future for the country's economy, indicating that the economy is stable and on the path of recovery.
Presenting the mid-year fiscal policy review of the 2017 Budget Statem…
The country earned US$277.79 million in revenues from crude oil exports in the first half of year 2017.
It is about 53.9 per cent of this year’s target from the sector, which was announced at US$515.57 million in the 2017 Budget.
The…
The government has revised the 2017 fiscal deficit target to 6.3 per cent of gross domestic product (GDP) down from the 6.5 per cent announced in the budget.
It has, however, maintained the growth target at 6.3 per cent of GDP, in spite…
‘Hackathon’ contest looks for Egyptian solutions to environmental problems in the fields of Energy, Recycling and Sustainable Farming
The British Embassy in Cairo launched a ‘Hackathon’ competition to find the best aspiring social e…
Dangote Cement, Africa’s largest cement producer, has announced its unaudited results for the six months ended 30th June 2017
Dangote Cement (www.DangoteCement.com), Africa’s largest cement producer, has announced its unaudited results …