Car giant Ford has said it is planning to cut about 12,000 jobs across its European operations by the end of 2020.
The carmaker is trying to cut costs and restructure its European business, which is losing money.
It plans to have clo…
The Bulk Oil Storage and Transportation Company Limited (BOST) is to engage with other stakeholders along the value chain to ensure the smooth implementation of the ‘one-system rule’ in the petroleum downstream sector.
Although the ‘o…
The Receiver of the defunct Beige Bank, Nii Amanor Dodoo, has gone to court to retrieve about GH?1billion from the Chief Executive Officer (CEO) of the bank, Micheal Nyinaku and 12 of his subsidiary companies.
The writ which was filed at …
Mr. Birender Singh, the High Commissioner of India to Ghana on Wednesday sought for Ghana Support for India's candidature to the International Civil Aviation Organization (ICAO) council election.
The ICAO Council election slated for Sep…
Madam Shirley Ayorkor Botchwey, Minister for Foreign Affairs and Regional Integration, has proposed some amendments to the process of loan repayment, which she says could address the growing concern of debt sustainability in Africa.
The…
The Bulk Oil Distribution Companies (BDCs) has commended the management of Bulk Oil Storage and Transportation (BOST) company limited for setting-up a Call Centre to enable stakeholders have quick response to issues regarding their stock b…
The GSM Association (GSMA) is forecasting that the mobile economy will reach $214 billion, representing 7.6 per cent of the overall GDP of Africa, by 2020.
The association, therefore, believes Africa has an opportunity to harness the …
Three counters in the banking and consumer goods sectors dragged the benchmark index down by 9.94 points (-0.42%) to close at 2,370.97 with a -7.82% YTD return while market capitalization declined by 0.17% to settle at GH¢58.29 billion.
G…
Botswana Telecommunications Corporation Limited (BTC) [1], Botswana’s fastest and widely available mobile network, has revamped and introduced SMEGA, its mobile money service. SMEGA now works on Comviva’s [2] mobiquity® Money platform [3]]…
Golden Star Resources Ltd. (NYSE American: GSS; TSX: GSC; GSE: GSR) ("Golden Star" or the "Company") announces that Daniel Owiredu will be stepping down from the role of Executive Vice President and Chief Operating Officer (“COO”) of Golde…
The Chief Executive officer of Ghana Export-Import Bank, GEXIM, Mr. Lawrence Agyinsam has been elected as the president of the Global Network of Export-import Banks and Development Finance Institutions, G-NEXID in Geneva, Switzerland.
M…
The Akosombo Textiles Limited (ATL) is still struggling to find its feet, one year after the government injected GH?17 million into the company to resuscitate it.
Currently, the company only produces for institutions on demand and str…
The Agricultural Development Bank (ADB) has supported the Planting for Food and Jobs (PFJ) initiative with GH¢100 million.
The amount will be in the form of credit facilities and working capital loans to enable agro-inputs to get to ben…
The price of gold has gone up recently - in the last month, it rose by £200 an ounce, from just under £1,000 to just under £1,200.
But why has this happened?
"The bigger picture is about the US Federal Reserve and the direction of th…
The Asantehene Otumfuo Osei Tutu II has assured the Managing Director of the National Investment Bank (NIB) Mr Samuel Sarpong of his support and blessing, and urged him to work assiduously to turn the fortunes of the bank.
This, he beli…
China has suspended some pork imports from Canada, adding to tensions between the two countries.
The move comes after Chinese authorities found a banned feed additive in a batch of pork products exported from Canada to China.
An inve…
Cocoa farmers in the country have been urged to use only approved methods and procedures to ferment and dry harvested cocoa beans, as this would ensure its standard quality on the local and international markets.
Mr Michael Kwabena Osei…
A business forum to promote the adoption of cost-effective and proven storage technologies among small holder farmers has been held at Yendi, in the Northern Region.
The forum, attended by small holder farmers, aggregators, input dealer…
The United States (US) Embassy in collaboration with the Young African Leaders Initiative (YALI) on Tuesday launched the Academy for Women Entrepreneurs (AWE) in Accra to train and establish young women with entrepreneurial skills.
The …
There is the need for more judicious use of revenue generated from Ghana's petroleum sector for accelerated economic growth, Dr. Stephen Manteaw, Chairman of the Public Interest and Accountability Committee (PIAC), has said.
"It is impo…
The benchmark index moderated by 5.83 points (-0.24%) to close at 2,380.91 with a -7.44% YTD return due to downward price movement in two counters in the banking and beverage sectors while market capitalization decreased by 0.10% to sett…
Barclays Bank Ghana, a member of Absa Group, has held an International Trade Finance Forum for its clients, largely importers and exporters, with a commitment to intensify its trade finance support for businesses in Ghana as it transitions…
Up to 20 million manufacturing jobs around the world could be replaced by robots by 2030, according to analysis firm Oxford Economics.
People displaced from those jobs are likely to find that comparable roles in the services sector have…
The International Potato Centre (CIP), a development institution delivering sustainable solutions to the pressing world problems of hunger, poverty and the degradation of natural resources is set to partner the Maiden Fruit and Vegetables …
Unauthorised drone flying has prompted disruptions at Singapore's Changi Airport for the second time in a week.
The country's Civil Aviation Authority (CAAS) said 18 flights had been delayed, and seven flights diverted due to drones and…
The Abossey Okai Spare Parts Dealers Association has given the government a two-week ultimatum to stop the foreigners from competing with locals in the retail business space.
Given that the Ghana Investment Promotion Centre (GIPC) Act…
The Board of Directors and the Management of the newly established Ghana Integrated Aluminium Development Corporation (GIADEC), have paid a courtesy call the Okyenhene, Osagyefo Amoatia Ofori Panin, and members of the Okyenman Council, at …
Mr Phanuel Donkor Kadey, the District Chief Executive of Adaklu said the Assembly was strategizing to use cashew cultivation to eliminate poverty in the farming area.
"Adaklu land supports cashew cultivation so we are investing in large…
Access Bank Ghana has unveiled its new brand identity to signify the company's global appeal and strategy of becoming Africa's gateway to the world.
It is also in line with the bank's ambition to be one of the largest retail banks in Gh…
Mr Koranteng Asiamah, the Chairman for the Ghana Electrical Dealers Association (GEDA), has urged government to ensure that the laws regulating foreign retail trade in the country were enforced.
He said any attempts by government to ch…
Standard Chartered Bank Ghana Limited and the Ghana Commodity Exchange (GCX), have signed a Memorandum of Understanding to support Ghanaian farmers through access to financing and capacity building.
The collaboration would also see the …
The Sissala East Municipal Assembly intends procuring 20,000 elite grafted cashew seedlings for farmers in the municipal area for 2019, a sharp decline from 60,500 seedlings supplied to growers in 2018.
The supply of cashew seedlings to…
HALTON GROUP HAS AGREED TO ACQUIRE THE DUTCH MIWO LUCHTBEHANDELINGSTECHNIEK B.V. THAT HAS SOLID EXPERIENCE IN DELIVERING
TURNKEY INDOOR AIR SOLUTIONS ESPECIALLY FOR CHAIN RESTAURANTS IN THE NETHERLANDS. THE COMPANY IS THE SECOND ACQUISITI…
The 8th Annual International Universities Networking Conference + Edu Agency Workshop, dedicated to the cooperation with universities of Russia and CIS countries, took place in Moscow, Russia. The event was attended by about 200 participan…
Market Summary
The benchmark index opened the week on a positive note, up 2.86 points (+0.12%) to close at 2,386.74 with a YTD return of -7.21% due to gains in two banking stocks while market capitalization increased by 0.05% to settl…
The Economic Development in Africa Report 2019 focuses on preferential trade liberalization among the members of the new African Continental Free Trade Area (AfCFTA)
UNCTAD’s Economic Development in Africa Report 2019 will be launched g…
Some of America's richest people are urging US presidential candidates to back a wealth tax on the super-rich to improve inequality and climate change.
"America has a moral, ethical and economic responsibility to tax our wealth more," t…
The country could be in for another round of banks collapse in the near future if the government does not adopt measures to deal with the growing debt situation in the energy sector, the Minority in Parliament has warned.
The minority b…
Salim M. Salim, Ministry of Foreign Affairs, Kenya
'Champion' countries of the Commonwealth Blue Charter are laying the groundwork for joint action and developing robust, innovative strategies to tackle the world's most pressing ocea…
U.S.-AFRICA Business Summit Successfully Advances The Trade, Investment And Commercial Partnership Between The U.S. And Africa
Heads of State, Vice Presidents, and Prime Ministers from nine African nations attended the Corporate Council…
Several media companies use enterprise-class providers for their domains, yet haven’t implemented some of the most fundamental security measures needed in today’s threat landscape
Securing a company’s digital infrastructure has become a…
A total of 10 startups from Africa and the UAE have been selected to participate in Dubai Chamber of Commerce and Industry’s Global Business Forum (GBF) Mentorship Programme which aims to foster cross-border cooperation and help participan…
Remarks Muhammad Ali Albakri Regional Vice President, Africa and Middle East
Your Excellency Dr. Mahamudu Bawumia, Vice President of the Republic of Ghana, Honourable Joseph Kofi Adda, Minister of Aviation – Ghana, Mr. Sadiq Silla, Depu…
African Development Bank welcomes EUR 40 million investment from the European Commission for the Facility for Energy Inclusion (FEI)
The announcement was made to energy sector stakeholders at a sideline event held during the Africa Ener…
Enterprise Life, a subsidiary of Enterprise Group and currently the leading Life Insurance Company in Ghana, has introduced a new product, the “Funeral Finance Plan Unlimited!
The main objective of this product, is to widen and deepen …
There is no doubt that support for the development of small and medium enterprises (SMEs) can be the answer to both economic growth and job creation across Africa, where more than 60% of the continent’s population is aged under 35.
Many…
The masterclasses are jointly conducted by the African Development Bank Group and Entreprenarium
The fourth Affirmative Finance Action for Women in Africa (AFAWA)/Entreprenarium masterclass began Monday in Pretoria, South Africa, aimed …
Quality assurance (QA) testing isn't the easy, quick fix, simple solution that it's purported to be
In a recent analysis entitled DevOps and Cloud Speed are Driving the end of QA as We Know It, Gartner [1] pointed out that quality assur…
The average price of a litre of fuel in the UK is now around £1.28 for petrol and £1.34 for diesel. But how much it costs to fill up can vary from street to street and town to town. Fill in our fuel price calculator to see how what you pay…
The Founding Director and Chief Business Strategist of Inspire Africa Consult Limited, Mrs Mawuena Trebah, has said young graduates must be fully prepared for entrepreneurship instead of nursing unrealistic expectations.
She said there …
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