Ghana's economy will shift from commodity-based to industrialisation in the next few years, following ongoing efforts to prioritise investments in petrochemicals, iron and steel industry and integrated aluminium to help drive the country’s…
U.S. companies hired workers at a slower but still-solid pace in April while the services sector grew more than expected, supporting the notion the economic expansion remains on track despite a weak first quarter, private reports released …
Apple sold fewer iPhones than a year ago in the first three months of 2017, the company said in its latest results.
The California firm, which is due to release a new phone later this year, said it sold 50.8 million iPhones in the perio…
Volkswagen Group profits have soared in the first quarter as cost-cutting measures kick in, the German car giant has said.
Volkswagen Group also sold more models with higher profit margins, a spokesperson said.
Group profit before ta…
Inesfly Africa Limited has launched a nationwide campaign to rid schools of bedbugs especially in boarding schools.
The bedbug menace, continues to be adversely affecting students’ health and school performance, and the company believes…
The government will in June this year, launch a National Financial Inclusion Strategy (NFIS) aimed at bringing financial services to the doorsteps of Ghanaians.
The strategy will also address issues of soundness and stability in the fin…
Investment firm, Databank, is hopeful that the removal of some tax measures will boost the country’s investment prospects. The government’s 2017 budget, which seeks to restore fiscal discipline, introduced a raft of tax incentives to stimu…
The Ghana Immigration Service (GIS) within the first three months of the year, generated revenue totaling GHC213,585.00 in the Ashanti Region.This came from permit processing and penalties imposed on foreigners caught engaging in illegal g…
The Association of Oil Marketing Companies (AOMCs) has sent a distress call to the government to save the businesses of its members from the activities of black market operators in oil products.
More than 4,000 employees of OMCs risk lo…
Dangote Cement Ghana is focused on maintaining its grip of the market shares by the continuous provision of quality service in the sale and distribution of cement at all the corners of the country, Mr Etornam Buami, Media Relations Manage…
Ghana is on the verge of petroleum crisis as activities of Petroleum Black Market dealers is growing. Therefore the Association of Oil Marketing Companies (AOMCs) has called on government to take far-reaching measures to deal with the si…
Mrs Victoria Adongo, the Programmes Coordinator of the Peasant Farmers Association of Ghana, has urged farmers in the northern parts of the country to utilise the Government’s fertilizer subsidy to increase food production.
Mrs Adongo m…
The National Varietal Release and Registration Committee (NVRRC) of the Ministry of Food and Agriculture (MoFA) has approved seven new hybrid maize varieties to be released onto the market for cultivation and consumption.
The varieties…
The Food and Drugs Authority (FDA) has been asked to reconsider its decision to shut down the production facility of Adonko Bitters Limited.Angel Group of Companies, producers of ‘Adonko bitters’, said its manufacturing practices and quali…
Activity in the UK's manufacturing sector grew at its fastest pace for three years in April, according to a closely-watched survey.
The Markit/CIPS UK manufacturing Purchasing Managers' Index (PMI) rose to 57.3 from 54.2 in March, well …
A United States based Ghanaian investor, Dr James Arthur, has appealed to the ruling New patriotic Party(NPP) Government to release adequate funds to support the planting for food and jobs programme to enhance food sufficiency and export.
…
Mr. Simon Osei-Mensah, the Ashanti Regional Minister, has rallied Ghanaian workers to give strong support to the government in the implementation of its various policy initiatives to grow the economy and create decent jobs.
He indicated…
About 3.7 million bottles of Volvic mineral water are being recalled in Japan, over fears pieces of plastic have got into some of the products.
Local distributor Kirin Beverage said part of a bottle-filling machine in the French Volvic …
Bankers are asking the Bank of Ghana (BoG) to do what it barely does; use the base rates of banks as a guide to jack down its policy rate in the next review window.
With base rates tumbling below 20 per cent, the Ghana Association of Ba…
The President of Groupe Ideal, Dr Nii Kotei Dzani, has been named the overall best entrepreneur for his excellent contributions towards the country’s socio economic development at the Entrepreneur Foundation of Ghana Awards.
He was tout…
Man Capital Partners, an investment company has opened a new branch in the Volta Regional capital, Ho with specialised investment and advisory services for its clients. Mr Micahel Allan Kwame, Chief Executive Officer of the Company said t…
The recent increase in oil prices has helped BP to record a healthy profit for the three months to March.
The $1.4bn (£1.1bn) profit, on the replacement cost measure, compared with a $485m loss a year earlier.
Oil prices have been ab…
The Driver Vehicle and Licensing Authority (DVLA) is set to deploy a new technology in its operations to as parts of policy reforms being introduced by the authority to totally eliminate middle men, popularly referred to as ‘Goro Boys’.
…
Equity Savings and Loans Limited has been launched in Accra with the strategy of being a one-stop-shop. With a current capital base of GH¢18.3 million, Equity’s deposit base increased from GH¢7 million to over GH¢25 million and its custom…
Kwamanman Rural Bank Limited at Kwaman in the Sekyere District of the Ashanti Region has inaugurated its head office complex at a brief but colourful ceremony at Kwaman.
The bank had been operating on a rented premises but the board t…
An amount of $41.05 million was realised as proceeds from the export of bauxite in 2015, according to the Bank of Ghana (BoG). This was contained in a report submitted to the Public Accounts Committee (PAC) of Parliament by the BoG.
Thi…
President Donald Trump on Monday said he is considering breaking up big Wall Street banks, by splitting their consumer business from their investment operations.
"I'm looking at that right now," he told Bloomberg News.
White House sp…
Barclays says its profits more than doubled in the first three months of the year, boosted by better performance across the board.
Pre-tax profit for the first quarter was £1.682bn, up from £793m for the same period last year.
Chief …
Exxon Mobil Corp (XOM.N), the world's largest publicly traded oil producer, posted a better-than-expected quarterly profit on Friday, helped by rising crude prices CLc1 and cost cuts.
The results reflected the slowly improving dynamics …
The quest to attract more Foreign Direct Investment (FDIs) into the economy has brought up the need for the country to build a strong capacity in negotiating contracts that will protect the local interest.
The General Secretary of the M…
The Director General of the National Lottery Authority (NLA), Kofi Osei-Ameyaw says the Authority is ready to collaborate with uncertified private lottery operators who are willing to join NLA.
He said the Authority would issue them wit…
Inflation in the eurozone accelerated in April, returning to the European Central Bank (ECB)'s target.
Initial estimates from Eurostat showed inflation in the bloc hit 1.9%. That was up from 1.5% in March, but just below February's four…
Ghana risks being sanctioned by the International Secretariat of the Extractive Industries Transparency Initiative (EITI) if the nation fails to address certain challenges that have been identified by the global institution.
The challen…
Google and Facebook have confirmed that they fell victim to an alleged $100m (£77m) scam.
In March, it was reported that a Lithuanian man had been charged over an email phishing attack against "two US-based internet companies" who were …
More than 27,000 farmers in the Brong-Ahafo Region have registered to benefit from the ‘Planting for Food and Jobs’ campaign, Mr Kwaku Asomah-Cheremeh, the Brong-Ahafo Regional Minister, said on Wednesday.
Speaking at the inauguration …
The Country Manager of the Association of Chartered Certified Accountants (ACCA), Mrs Doris Ahiati, has urged accountants to be proactive and anticipate future challenges and develop solutions to address those challenges ahead of time.
…
Problems at Airbus' troubled A400M military aircraft programme are far from over, the company has warned.
There are still issues over "meeting contractual capabilities" securing export orders, cost cutting, and commercial exposure, Airb…
The Biakoye District Assembly has failed to meet its revenue target of GHC 40,572 for the first quarter of this year, 2017.
Alhaji Zaidu Tamimu, the District Coordinating Director who disclosed this at the Assembly’s Fifth Ordinary Gene…
The UK economy grew by just 0.3% at the start of the year, the slowest growth rate since the first three months of 2016, according to official figures.
The Office for National Statistics said that the slower pace in the January-to-March…
More than 200 workers of the Prestea Sankofa Gold Limited in the Western Region who have not received their salaries for the past nine months have appealed to the government to inject capital to revamp their operations.
They said the mi…
Apple Inc (AAPL.O) has held talks with payments industry partners about launching a money-transfer service, technology news website Recode reported on Thursday.
The service will allow iPhone owners to transfer money digitally to other i…
The Ghana Chamber of Mines (GCM) is in discussions with small-scale miners to help find ways for them to validate and formalise their operations. As part of the discussions, the GCM is also providing them with in-depth education on managin…
Prudential Bank Limited (PBL) has partnered Ria Money Transfer Service to enable customers transfer and receive remittances from countries the service operates at affordable prices.
Speaking at the launch of the partnership in Accra, Mr…
Samuel Obeng Amoako and Qanita Abdul have joined the teeming number of customers who have won mouthwatering cash prizes in the ongoing Airtel Wo Mmer? Nie recharge promotion. They were presented with their monthly and weekly cash prizes of…
More people continue to use e-zwich leading to an impressive growth in patronage by over 170 per cent in the first three months of this year compared to the same period last year.
The Ghana Interbank Payment and Settlement Systems (GhIP…
Ecobank Ghana has supported Rotary International District 9102 with an amount of Gh?50, 000.00 to organise a conference dubbed, ‘Rotary, Service to humanity.’
The conference which brought together Rotarians from Ghana, Togo, Benin and N…
A delegation from EXIM?Bank Ghana led by its Board Chairman, Mr Kwadwo Boateng took part in the 2017 EXIM USA annual conference held in Washington DC in the United States of America (USA).
Also, part of the delegation was the bank’s A…
Alphabet Inc's non-advertising business, which houses its cloud unit, Pixel smartphones and the Play store, has long been sandwiched between Google's advertising juggernaut and its moonshot ventures that have captured popular imagination.
…
The Bank of Ghana (BoG) is advising the country’s banks to guard against vulnerability to cyber attacks. “The growing threat of cyber attacks has never been more pressing.
Recent instances of payment fraud demonstrate the necessity for …
European Central Bank (ECB) head Mario Draghi has said the eurozone's economic recovery is "increasingly solid" and faces fewer risks.
But he added that inflation in the 19-nation bloc was still not high enough to raise interest rates.
…