Ghanaian equities finished modestly lower in the holiday-shortened week. The GSE Composite Index closed at 2,311.48 points, down 4.85 points from the previous week.
Price drops in shares of EGH, GCB and RBGH caused the Financial Stock I…
Robust Platform, Focused Solutions, and Key Alliances Highlighted in IDC MarketScape Report
PTC (NASDAQ: PTC) today announced it has been named a leader in the Industrial IoT (IIoT) platform market in a new research report from IDC enti…
Trading in the biggest shares listed on the London Stock Exchange was delayed for more than an hour, in the longest outage in more than eight years.
Shares in the FTSE 100 and FTSE 250 indexes were affected, although smaller stocks trad…
The Vice-President, Dr Mahamudu Bawumia, has urged pharmacists to take advantage of the prevailing digital space to respond efficiently to the health demands of the people.
He said pharmacists were an integral part of the healthcare sys…
The government is to bring together relevant agencies to tap the full potential of rice valleys of Fumbisi in the Builsa South District in the Upper East Region to help meet the country's rice demand and for export.
Currently, only abou…
The 470 megawatts Krandeniz Powership Osman Khan on Thursday arrived at the anchorage of the Home Port of the Western Naval Command at Sekondi in the Western Region.
The powership propelled itself from Tema to the Western Region.
The…
The Ghana Cocoa Board (COCOBOD) has denied media reports that it plans to increase the producer price paid to cocoa farmers in the 2019/20 cocoa season to GH¢8,000 per tonne.
It said beyond the reports being untrue, they were premature …
Germany, Europe's biggest economy, could be heading for a recession.
Data from the German statistics office on Wednesday showed the economy shrank by 0.1% between April and June.
That takes the annual growth rate down to 0.4%. German…
The Ghana National Chamber of Commerce and Industries (GNCCI) has signed an agreement with Gamey Consult, a local consulting firm, to resolve disputes among business entities with an Alternative Dispute Resolution (ADR) system. .
The Al…
Ian Geddes, head of retail at Deloitte, says that last summer's strong retail performance has been "a tough act to follow", so shops have done especially well in July, without the help of a football World Cup or royal wedding.
He noted …
Young Ghanaian entrepreneurs in Agribusiness, venture capitalists, farmers and corporate executives have been called upon to take advantage of the Impulse Acceleration Programme to propel their businesses.
The Impulse is a 12-week accel…
Ghanaians have been urged to subscribe to life insurance policies and initiate strong financial plans to secure themselves for unforeseen future challenges.
Rev Dr Nanayaa Owusu-Prempeh, Executive Director of Spirit Soul and Body Worksh…
Mr Dela Gadzanku, the Eastern and Volta Regional Chairman of the Association of Ghana Industries (AGI), has called for the promotion of the wearing of made in Ghana footwear alongside the wearing of made in Ghana clothes on Fridays.
He …
To reduce the rate of importation of foods and other commodities, the Ghana National Chamber of Commerce and Industries (GNCCI) on Tuesday organised a mentorship programme for women in businesses to boost their capacities in agro processin…
Mr Ignatius Baffuor Awuah, the Minister of Employment and Labour Relations, will on Thursday, August 15, announce the roadmap towards the payment of pensions into the Temporary Pension Fund Account (TPFA).
The announcement is expected t…
Congo has 2 billion barrels of proven oil reserves from about 20 fields being exploited and about 10 permits granted and waiting to be developed
The recent onshore discovery made in the Delta de la Cuvette deposit in the Republic of Con…
The benchmark index closed 3.13 points (-0.13%) lower due to downward price movement in Republic Bank Ghana (-15.38%) to close at 2,346.56 with a -8.77% year-to-date return while market capitalization increased by 0.29% to settle at GH¢5…
Mouser Electronics and Grant Imahara Launch 2019 Empowering Innovation Together Series, “Engineering Big Ideas”
Mouser Electronics Inc. and celebrity engineer Grant Imahara join forces for the fifth consecutive year in this latest editi…
New Financing Will Accelerate Growth and Rapid Global Deployment of Company’s Transformative Utility-Scale Energy Storage Technology
Energy Vault, the creator of renewable energy storage products that are transforming the world’s approa…
As the protests intensify in Hong Kong, international luxury brands are getting caught in the crossfire.
Global brands such as Versace, Coach, Calvin Klein, Givenchy, ASICS, and Swarovski have all become tied up in controversy on the ma…
The EXIM Bank of India has with the support of the Government of India offered two concessional Lines of Credit worth US$180 million to the Government of Ghana.
Of the amount US$150 million is for the strengthening of Agriculture Mechan…
Markets in Europe slid on Thursday following a turbulent day on US and Asian stock exchanges, fuelled by investor fear of a global recession.
The FTSE 250, seen as a good gauge of the UK economy, fell 0.15% after closing down 1.5% the p…
The year-on-year inflation rate inched up in July 2019 to 9.4 per cent compared to 9.1 per cent in June, the Ghana Statistical Service said on Wednesday.
Mr David Yenukwa Kombat, the Deputy Government Statistician, said the slight incre…
Tullow Plc has made oil discovery in its Jethro-1 exploration well, drilled on the Orinduik licence offshore in Guyana.
The well is expected to hold 100 million barrels of oil in excess of expectations.
Tullow Guyana B.V. is the oper…
The Bank of Ghana (BoG) has directed banks and other specialised deposit-taking institutions (SDIs) to stop paying fees and commissions to agents in return for the mobilisation of wholesale deposits from the general public.
It said the …
The European Union (EU) has placed food imports, including fish, from Ghana on red alert after series of consignments to the region were found to have been smuggled or mislabelled.
The union has since the beginning of this year issued m…
The Ghana Revenue Authority (GRA) has launched a software application accessible on mobile phones to enable the public to verify the authenticity of tax stamps affixed to products they buy.
Known as the Ghana Tax Stamp Authenticator, th…
As part of activities to mark its 10th anniversary celebrations, Access Bank Ghana has launched a customer loyalty promotion with the objective of rewarding customers whilst inculcating a healthy saving habit in them.
The promo dubbed: …
The Institute of Financial and Economic Journalists (IFEJ) on Tuesday launched the sixth edition of its "Flamingo Awards" for Business and Financial Journalists, whose reports has influenced policy for growth and development of the country…
Guinness Ghana Breweries PLC (GGBPLC) has launched its latest stout -Guinness Smooth made from 70 per cent natural ingredients from Ghana.
Brewed with fruity, butterscotch flavour to provide a distinctive and perfect bittersweet taste o…
Dr Adesegun Akin-Olugbade, an international legal and finance expert, has been appointed as a member of the World Trade Board, coming in as the first African member of the organisation.
The Nigerian joins 20 other global trade and finan…
The Ghana Employers Association (GEA) in collaboration with the National Labour Commission (NLC) with funding from the Confederation of Norwegian Enterprise (NHO), has organised a programme on mediation and arbitration for social partners.…
Dr Ibrahim Mohammed Awal, the Minister of Business Development on Tuesday announced that over 22,500 students in second cycle and tertiary education institutions are benefitting from Student Entrepreneurship Initiative.
He said 7,500 s…
Government, through the Ministry of Business Development, says it will create 120,000 jobs under the youth entrepreneurship programmes within five years to help reduce youth unemployment and bolster the economy.
Dr Ibrahim Mohammed Awal…
Amidst “record-breaking” production, US government shows appetite to develop industrial dialogue with Africa on LNG
Appetite for imported gas is growing steadily across the African continent
With record-breaking US gas production thi…
Rides On Global Partnership With Discover Network
Verve, a leading payments technology and card business in Africa, and Discover Global Network, the payments brand of Discover, today held an event to launch the Verve Global Card. Cardho…
International Black Book (IBB) is developing a directory of businesses and non-profits (NGOs) for the African diaspora. Not since the ambitions of Marcus Garvey to connect the continent to the African diaspora has there been an initiative …
The market opened the week on a positive note, up 33.35 points (+1.42%) due gains in three counters in the beverage, telecom and banking sectors to close at 2,349.69 with a -8.65% year-to-date return. Market capitalization increased by 0…
- Project will see TCP become a permanent application in region for first time -
Airborne Oil & Gas has secured a contract with Addax Petroleum which will see the firm delivering two gas lift jumpers in West Africa. This will result in …
Jaguar is calling for the Oxford English Dictionary and Oxford Dictionaries to update their online definition of the word ‘car’
The online definition currently only defines a car as being powered by an ‘internal combustion engine…
Absa Group Limited, one of Africa’s largest financial services providers and parent company of Barclays Bank Ghana Limited, reported a 3% increase in earnings for the first half of 2019 as its retail unit in South Africa gained market shar…
Facebook's Mark Zuckerberg wants to launch a global currency and change the world of finance for billions of people. But many - including powerful politicians, bank chiefs and regulators - don't like the idea one bit. Why?
Libra, Facebo…
Car sales in India during July fell at the sharpest pace for nearly 20 years, according to new data.
The Society of Indian Automobile Manufacturers (SIAM) said sales of cars to dealerships fell by 30.9% to 200,790 in July - the worst dr…
ASHFOAM Ghana, a foam manufacturing and distribution company has inaugurated an ultra-modern showroom in Bolgatanga in the Upper East Region to boost its customer services delivery and promote its brand.
The new showroom, which adds to …
The Ghana Cocoa Board (COCOBOD) has banned the use of all forms of incentives given to cocoa farmers on a bag of cocoa beans sold.
According to the board, the incentives had resulted in unhealthy competition among Licensed Cocoa Buying …
Market Performance
Market Indices Trend
Top Trades by Volume
Top Trades by Value
Gainers & Losers
Market Summary
The benchmark index moderated by 16.44 points (-0.70%) this week to close at 2,316.3…
The UK is "first in line" for a trade deal with the US, President Trump's national security adviser has said.
John Bolton said the US supported a no-deal Brexit and added Washington would propose an accelerated series of trade deals.
…
The Ghana Stock Exchange is to suspend the listing status of licensed cocoa buyer, PBC Limited, from the bourse, come this Thursday, August 15.
It follows the company’s inability to comply with two requirements of the GSE, it said in …
Weekly Highlights
Yield on 364-Day T-Bill quoted a basis point higher, now at 17.91 percent.
Accra Bourse headed southwards despite bullish earnings.
Ghana cedi posted mix performance on the interbank currency market.
Gold step…
AS part of its export development strategy, Ghana will continue to harness existing and potential opportunities to grow its export base in the non-traditional export sector (NTEs).
One of such opportunities to be leveraged is the hostin…
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