India's economy grew by 7.1% in the financial year to March, slower than the 8% recorded in the previous year.
In the first three months of 2017, the annualised rate was 6.1%, slowing from the previous quarter's 7% rate and lower than a…
Four international investment groups have called on investors to quit the tobacco industry.
Axa, Calpers, Scor and AMP Capital have already sold or are selling their tobacco investments.
The companies launched their appeal on the ann…
The price of Brent crude went down last week despite the successful extension of the production cut deadline by OPEC. The decline in the price of the commodity was due to OPEC’s inability of incorporating more aggressive approaches to curb…
Small scale exporters have been urged to adhere to international product safety standards to enhance their product quality and attain competitiveness on the global market.Mr Alhassan Baba Yunus, a Senior Project Officer, National Board for…
The Gomoa East District Security Council has begun an operation to flush out illegal sand winners who are destroying agricultural lands in the district.
The activities of about 15 unlicensed illegal sand winners operating in several com…
The Minister of Finance, Mr Ken Ofori-Atta, has responded to the queries of the Commission on Human Rights and Administrative Justice (CHRAJ) in the matter of whether or not he contravened provisions of the 1992 Constitution in the public …
President Nana Addo Dankwa Akufo-Addo has said the government will soon issue a $2.5-billion bond to retire the debt in the energy sector and create space for increased investment in the sector.
He said the government had to move quickl…
President Nana Addo Dankwa Akufo Addo has stressed the need for multilateral development banks to offer Africa nations deals with risk re-allocation to trigger investments and to ensure debt sustainability and growth.
He said because in…
State Owned Enterprises (SOEs) have been asked to deliver on their specific mandate to help the economic management team to transform the economy.
“I expect you to work with your individual Board of Directors to achieve the transformati…
Mr Rockson Dogbegah, the Construction sector chair for the Association of Ghana Industries, has commended the Ministry for Works and Housing for initiating steps to revamp the defunct Bank for Housing and Construction.
Mr Dogbegah told …
Ghana and South Africa have committed to deepen bilateral trade and investment ties to promote growth and development for the mutual benefit of the two countries.
South Africa’s High Commissioner to Ghana Lulama Xingwana said there was …
The Integrated Social Development Centre (ISODEC), in collaboration with Tax Justice Network-Ghana and with support from its NGO partners, has launched the “Stop the Bleeding” campaign to stop Illicit Financial Flows (IFFS) in Ghana.
T…
Resilience in Greater Accra Metropolitan Area (GAMA) in combating natural hazards such as perennial floods and sea erosion requires long term commitment and planning, a Word Bank report has indicated.
The report dubbed: “CityStrength Di…
China will offer scholarships and training programmes to 20 technical staff of the Ministry of Railways Development, Ms Sun Boahong, the Chinese Ambassador has announced. The move, Ms Sun said, formed part of the Chinese government’s annu…
The one-district one-factory (1D1F) Secretariat, implementers of the government’s district industrialisation programme (DIP), has projected to complete about 400 factories before the close of 2020.
This, the secretariat said, follows co…
Deepening its drive for financial inclusion through digital innovation, Access Bank Ghana has introduced the Unstructured Supplementary Service Data (USSD) mobile banking service *901# to its customers.
The *901# channel is modelled wit…
The World Bank says Ghana should replace the case-by-case system for customs duty exemptions with a standard set of exemptions by product. The Bank said this would reduce the administrative burden involved in granting and monitoring duty e…
The management of Unilever Ghana Ltd says it is confident of good performance in 2017 which would return the company to healthy growth in both revenue and profit. This, the company said, would be achieved through expansion of outlets and …
Findings from a World Bank study has revealed that Ghana has an estimated unexploited tax potential of five per cent of its Gross Domestic Product (GDP) in 2014 which needs to be exploited to control borrowing costs.
According to the fi…
The Minister for Railways Development, Mr Joe Ghartey, has given the assurance that the Ministry would engage the services and ecpertise of local engineers towards improving the infrastructure needs of the railway sector. He said the Minis…
Esoko, a Ghanaian private company, says it is not thwarting government’s Planting for Food and Jobs project under a contract to register farmers. It explained: “The Ministry of Food and Agriculture (MoFA) contracted Esoko to take on the da…
Big money investors have always sought an edge. Everything from star traders to fast computers to unique analysis can give a big hedge fund an advantage over competitors. The latest battleground is data.
Investors are vying for new data…
British Airways (ICAG.L) must turn its attention to repairing its brand after a weekend of chaos and criticism caused by a major IT outage that grounded flights from London's two main airports.
Thousands were left stranded when an IT sy…
The Crop Research Institute under the Centre for Scientific and Industrial Research(CSIR) has introduced three new improved varieties of cassava seeds this year for farmers to support planting for food and jobs programme .
The new i…
Ms Adwoa Sarfo, Minister of State responsible for Public Procurement has directed that all queries emanating from government contracts should be referred to her office for legal advice.
This, the Minister said, would prevent any ‘unnece…
The Minister for Business Development, Mr Ibrahim Mohammed Awal, wants the private sector to collaborate more with the government to grow the economy and triple annual gross domestic product (GDP) to GH¢200 billion by 2020.
The increase…
The Ministry of Mines and Hydrocarbons, representing the Government of Equatorial Guinea, has entered into a binding agreement with OneLNG SA to explore the liquefaction and commercialization of natural gas in offshore blocks O and I. OneL…
China and India have overtaken the US to become the two most attractive nations for renewable energy investment – according to a report.
The report by UK accountancy firm Ernst & Young detailed that both China and India have overtaken t…
Shop n Save, a community-based retail supermarket, has rewarded 10 customers for their loyalty and support. The ultimate winner, Mr Steve Acheampong, from Adentan, took home a brand-new Hyundai Accent while other lucky winners also won con…
Cummins West Africa is basing its growth prospects on investor confidence and business growth in West Africa after new surveys found that the sub-region will experience a stable socio-political environment this year.
As a result, the co…
Bank of Scotland has unveiled the design of its new £10 polymer note, which is due to enter circulation in the autumn.
The front of the note will continue to feature Scottish novelist and poet Sir Walter Scott alongside The Mound in Edi…
Oil Marketing Companies are conscious of human safety at their operational areas and filling stations and would therefore not engage in shoddy works that would jeopardize the lives of their customers
“Our aim is not just to open up petr…
An entrepreneurial skills training programme to aid the youth to venture into business has been launched in the Oforikrom Constituency by the Member of Parliament (MP), Dr. Emmanuel Marfo.
It is part of an aggressive push towards fight…
The Ghana Interbank Payment and Settlement Systems (GhIPSS), a wholly owned subsidiary of the Bank of Ghana, says it is committed to the implementation of the interoperability of all telecommunications companies which offer mobile money se…
One of the country’s fast food chains, Papaye Fast Foods Limited, has marked its 25th anniversary celebration where it honoured 56 members of staff for their immense contribution to the growth of the company.
The event, held last Saturd…
The government has been urged to actualise moves to drastically improve the ease of doing business in the country to attract more investors, particularly from United States of America (USA), into the economy.
The Head Pastor of the Roya…
A Ghanaian-Indian collaboration has given birth to a new online business venture, Africakart.com. The two young men who teamed up to set up the business say they are very determined to build the company into a big brand.
The Ghanaian, 3…
The Managing Director of Damco Ghana, Mr Frank Eshun, has asked chief finance officers (CFOs) in the country to join in the fight against corruption in their respective work places.
The collaboration from CFOs is needed to uproot the c…
The Ghana Grid Company (GRIDCo) has awarded a $32-million contract for the expansion of the connection base of the 330 kilovolt (kv) transmission lines within the Aboadze Thermal Power enclave.
The Chief Executive Officer (CEO) of GRIDC…
MTN Ghana, in partnership with HR Focus, has initiated a push toward prioritization of employee wellness in the workplace at the maiden HR Focus Programme, dubbed HR Mix and Mingle, at the Aviation Social Centre in Accra.
The event, whi…
The price of Bitcoin, a digital currency once located at the fringe of finance, has been rising to new records in recent months as digital assets move into the mainstream.
On Tuesday, it shot past $2,200 (£1,700), more than doubling fro…
The US economy grew at a faster pace than initially thought in the first three months of the year.
The latest official figures indicated the economy expanded at an annual pace of 1.2% in the quarter, up from the previous estimate of 0.7…
The Ghana Interbank Payment and Settlement Systems (GhIPSS), a wholly owned subsidiary of the Bank of Ghana, has been tasked by government to interoperate all mobile money companies by November this year.
When done, mobile money users c…
Government has pledged its commitment to support the establishment of a regulatory body for the construction industry.
The regulatory body, which would be known as Construction Industry Development Authority (CIDA), would champion the r…
"Offshore", "tax haven" and more recently "Panama in the EU" are labels that Malta has done its best to shake off.
But when a team of journalists declared that the tiny Mediterranean island was a "pirate base for tax avoidance", it sent…
The Ethiopian Airlines(ET) has expressed interest in assisting Ghana set up a National Carrier.Mr Tewolde Gabrielmariam, the Group CEO of Ethiopian Airlines, made this known when he called on the Minister of Aviation, Mrs Cecilia Abena Da…
The Rigworld International Services Limited, a Ghanaian Oil and Gas drilling company, under its business expansion programme would by August this year begin the operation of Rigworld Training Centre (RTC) at Kejeberi in the Mpohor District…
The price of oil has fallen by about 5%, despite oil-producing nations agreeing to extend production cuts for a further nine months.
Meeting in Vienna, energy ministers from both Opec and non-Opec countries agreed to maintain output cur…
The Ghana Gulf Co-operation Chamber of Commerce (GGCCC) has been launched in Accra to strengthen the business ties between Ghana and the Gulf Countries. The launch attracted businessmen and women, industry players, government officials an…
The retirement age should rise to at least 70 in rich countries by 2050 as life expectancy rises above 100, according to a new report.
The World Economic Forum said that employees should continue working until 70 in nations such as the …