Japanese potato crisp-maker Calbee and its main rival Koike-Ya are facing a major crunch in their supply chain.
Both firms are said to be suspending sales or discontinuing several crisp brands after Japan suffered its worst potato harve…
President Nana Addo Dankwa Akufo-Addo on Tuesday urged the British Airways to upgrade the quality of their services on the Accra-London-Accra route, as the airline prepared to commemorate 80 years of flying into Ghana.
He said that the…
The government has reduced the retail price of fertiliser from GH¢85 to GH¢54 to boost crop production in the country, the Minister of Food and Agriculture, Dr Owusu Afriyie Akoto, has said.
He said the move was also to ensure that farm…
Trading on the Ghana Stock Exchange (GSE) ended in the positive in the week ending April 7, as investors, confidence in some banking stocks, revived their appetite for the equity.
As a result, the GSE Composite Index improved by 1.79 pe…
The President of the Chartered Institute of Purchasing and Supply (CIPS), Ghana, Mrs Stella Addo, has urged public institutions to use electronic platforms for their procurements to increase their efficiency.
E-procurement, she said, wa…
The World Bank has pledged to support the Ministry of Fisheries and Aquaculture Development (MoFAD) to review activities under the West African Regional Fisheries Programme (WARFP) and to restructure it for improved results.
The World B…
The government is expected to lose an estimated GH? 308.30 million in revenue as a result of the reduction in the Energy Sector Levies.
Out of this amount, GH¢185.28 million and GH¢123.01 million are estimated National Electrification …
Fidelity Bank Limited has received a loan of $ 54 million from two companies to enable it to provide long-term capital to small and medium enterprises (SMEs).
The companies are The Netherlands Development Finance Company (FMO) a Dutch d…
The Northern Ghana CSO Platform on Agriculture has pledged to hold government accountable in the delivery of its promises to the sector.
The CSO Platform, a brainchild of the Northern Ghana Governance Activity (NGGA) Project will aim at…
Madam Lydia Lariba Bawa, the Commissioner of the National Insurance Commission, on Tuesday urged insurance companies to treat their customers fairly to improve customer satisfaction and confidence in the sector.
She said fair treatment …
The Parliament’s Select Committee on Agriculture, Food and Cocoa Affairs has indicated that the Ministry of Food and Agriculture may not be able to carry out its “Planting for Food and Jobs” programme if the Ministry of Finance goes on wit…
The lack of a single window for trade facilitation in many West and Central African countries has become an impediment to intra-regional trade, the Secretary General of the Port Management Association of the West and Central Africa (PMAWCA…
The Social Security and National Insurance Trust (SSNIT) is to revive its pension scheme for informal sector workers after four years of inaction.
The scheme was introduced in 2010 as a pension buffer for informal sector workers but fiz…
Management of MTN Ghana says it will continue to focus on creating a distinct customer experience for its valued customers.
A statement issued by Mrs Cynthia Lumor, Corporate Services Executive of MTN, said the telecommunications comp…
The Cocoa sector continues to be a sensitive commodity to Ghana’s economy in 2016 and the country therefore has to increase its yields in the coming years to realise its full benefits in the export sector.
“As a result of the key impac…
Tigo Ghana’s flagship Corporate Social Responsibility programme, Shelter for Education, has partnered with Raising Readers Foundation, a non-governmental organisation that is committed to encouraging children to read.
At an official…
MTN, Ghana’s leading Telecommunications Company and Business World, Ghana’s foremost business magazine today announced that Jamil Qureshi, author of the internationally acclaimed bestselling book “The Mind Coach: Be the person you want to …
Crude oil edged back from a five-week high on Tuesday, as rising U.S. shale oil production weighed against support from tensions in the Middle East and production cuts in OPEC and other states.
Brent crude LCOc1, the international bench…
Rice farmers in the Volta, Upper East and Northern regions are groaning under a glut in the rice market. While some of the farmers were unable to find market for their produce, others were selling at give-away prices.
The development ha…
House price growth picked up in February, according to the Office for National Statistics (ONS).
Across the UK, prices rose by 5.8% in the year to February, up from 5.3% in January, it said.
More recent figures from the Nationwide an…
Africa’s largest Aviation Group, Ethiopian Airlines, will inaugurate three more wide body hangars during the International Civil Aviation Organization Symposium which Ethiopia is hosting from 11-13 April, 2017.
A statement issued in Acc…
Despite international efforts to address food insecurity, around 108 million people in the world were severely food insecure in 2016. This shows a dramatic increase compared with the 80 million in 2015, the Global Report on Food Crises 20…
The government is working to settle its indebtedness to the Social Security and National Insurance Trust (SSNIT), the Minister of Finance, Ken Ofori Atta has said.
Government owes SSNIT about GHc600 million as the result of its inabil…
The shareholders of the pan-African financial institution, the United Bank for Africa (UBA) Plc applauded the Board, Management and Staff at the 55th Annual General Meeting of the Bank, held in Lagos on Friday April, 7, for a their sterlin…
Three challenges –covert subsidies, indebtedness to banks and low margins – continue to hamper the operations of companies in the downstream petroleum sector, forcing almost a quarter of licensed fuel retailers and wholesalers to become id…
The government has released GH¢465 million for the commencement of the one-district-one-factory project. It has also released GH¢256 million for the revamping of 100 private commercially viable and distressed companies throughout the count…
Ghana has been ranked the fourth best place to invest in Africa by RMB Global Markets Research. Ghana beat countries such as Kenya, Nigeria, Tanzania, Cote d’ Ivoire and Algeria as it is placed among the top 10 countries on the continent.
…
The 2nd Neuro Linguistic Programming (NLP) Diploma and Practitioner training courses are set to come off between April 29 and May 10, 2017 in Accra.
After a successful maiden programme which took place in January, the organiser, Amazing…
The FTSE 250 has set a new record closing high following strong performances from commodities stocks.
The mid-cap index rose 34.9 points, or 0.2%, to 19,264.6 with Tullow Oil the biggest gainer, up 5.7%.
The blue-chip FTSE 100 index …
Loan defauls associated with the management of the Credit Unions by some customers is the major bane to the financial growth of the unions.
Mr Wisdom Yaw Badjessah, newly elected Board Chairman of the Agona District Workers Co-operativ…
The Chief Executive Officer of the Ghana Chamber of Telecommunications, Kwaku Sakyi-Addo is to leave his post of six years to assume his new role as Chairman of the Board of the National Communications Authority (NCA).
Sakyi-Addo who ha…
Hordes of illegal gold miners, who invaded forest reserves in the Bibiani-Anhwiaso-Bekwai District are increasingly abandoning their operations.
Mr. Baafa Adams, the District Manager of the Forest Service Division (FSD) of the Forestry …
The Securities and Exchange Commission (SEC) has suspended the licence of EM Capital Partners Limited, an investment advisor, for breaching some provisions in the Securities Industry Act, 2016 (Act 929).
A statement signed by the Acting…
Ghana’s maritime import trade for 2016 hit 12.05 million metric tonnes whilst the volume of export trade was 5.55 million metric tonnes, the Ghana Shippers Authority (GSA) revealed on Monday.
The 2016 statistics affirms that the countr…
Federal Reserve chair Janet Yellen has said the central bank no longer needs to give the US economy some "oomph".
The Fed has only raised interest rates three times in the last decade - most recently in March - in a bid to encourage eco…
Trade Related Assistance and Quality Enabling (TRAQUE) project beneficiaries have given thumbs up for the positive contribution of the programme in enhancing their capacity.
They have therefore appealed to the Ministry of Trade and In…
The shale oil boom has transformed the U.S. and global energy sector to such an extent that it has upended traditional supply dynamics and made forecasts far more polarized.
Investment banks, many of which finance new projects, along wi…
Japanese automaker Toyota Motor Corp (7203.T) said it is spending $1.33 billion in its Kentucky plant as part of a plan to invest $10 billion in the United States over the next five years.
The investment in the plant, Toyota's largest, …
The first rail freight service from the UK to China has departed on its 17-day, 7,500-mile journey.
British goods including soft drinks, vitamins and baby products are in the 30 containers carried by the train, which will be a regular s…
Star Alliance members, Ethiopian Airlines and Singapore Airlines will expand their codeshare agreement from June 1, offering customers travelling between Africa and Asia seamless connectivity options.
A statement issued in Accra by Mrs…
The rent tax and property rates contained in the new Income Tax Act, 2015 (Act 896) have been identified as sources of high potential revenue for district assemblies to undertake numerous development projects.
A case study has however s…
The Bekwai Traditional Council has joined the fight to stop illegal mining, urging the government to take drastic measures to rein in the miners. The chiefs at a press conference held in Bekwai, expressed concern about the numerous deep …
Mr Sacha Poignonnec, the Chief Executive Officer (CEO) of Jumia Ghana, says the company, the leading e-commerce platform in Africa commitment to bring value to customers through authentic quality products is still in force.
He said this…
Jes Staley, the chief executive of Barclays, could lose his annual bonus after two regulators opened an investigation into his conduct in a whistleblowing case.
He had tried to discover who wrote a whistleblowing letter to the bank.
…
There is the need to resource the Ghana Revenue Authority (GRA) by providing logistics and training to enable the personnel identify illicit flow of funds, Mr Abdallah Ali-Nakyea, a Chartered Tax Consultant, has said.
He said among gove…
The Minerals Commission has signed a Memorandum of Understanding (MOU) with the Solidaridad West Africa to promote responsible mining practices in small-scale gold mines.
The MOU is to formalise an on-going relationship with Solidarida…
The Programmes Director of the Trade Related Assistance and Quality Enabling Programme (TRAQUE), Mr Michael Senayah, has urged the government to continue with the establishment of the National Accreditation Body for standards, which was co…
A survey conducted by the Ghana Statistical Service has indicated that Ghana received a total of GH¢ 1.36 million remittances in six districts in the Ashanti Region and Brong Ahafo region within 12 months.
The districts included; Mampon…
Golden Tulip Kumasi City, the leading hotel in Kumasi, has Mr Stephane Robert as its new General Manager. Mr Robert will oversee the day-to-day operations and strategic direction of the 160- room- hotel as well as utilise his hands-on mana…
The new Floating Production Storage and Offloading (FPSO) vessel, John Agyekum Kufuor, has safely arrived in the country’s waters.
It is currently being moored on top of wells at the Tano Basin Offshore Cape Three Points (OCTP).
The …