Some mobile phone dealers in Accra have threatened to shut down all Chinese mobile phone shops in Accra following what they described as an attempt by their Asian counterparts to take over the phone retail business.
According to the m…
Ghana Community Network Services (GCNet), the information technology company which provides trade facilitation services for the country, says it will work with the Ghana Revenue Authority (GRA) to enable it to exceed its revenue target for…
Oil prices fell on Tuesday, with U.S. crude dropping to its lowest since November, as concerns about new supplies overshadowed the latest talk by OPEC that it was looking to extend output cuts beyond June.
The decline also came ahead of…
Ghana’s headline inflation eased for the 5th consecutive month as it settled at 13.20 per cent in February 2017. This represents a 0.1 percentage point reduction from January’s figure of 13.30 per cent.
The downtrend emanated from lower…
Africa has been reluctant in the past to adopt genetically modified food technology for crop production, but that is changing, says Steven E. Cerier, a freelance international economist writing for the Genetic Literacy Project. Recent deve…
A Lecturer of the Miller Open University, Mr Nyeya Yen, has urged government to strengthen its watchdog on partners who would be implementing the Public–Private Partnership (PPP) projects in the country.
Mr Yen who is also the Director …
The Customs Division of the Ghana Revenue Authority with technical support from Westblue consulting Ltd, implementers of the Ghana single window project, on Monday began series of enhancement training sessions on the Pre-Arrival Assessmen…
British newspaper The Sunday Telegraph reported Saturday that London-based consumer products leader Unilever (UL) is planning to sell 6 billion pounds’ worth, or about $7.4 billion, of its food brands, reports Reuters.
The Anglo-Dutch c…
Goldman Sachs will move jobs away from London and bulk up its European presence by "hundreds of people", a senior executive has said.
The US bank's European chief executive, Richard Gnodde, said it would begin the process before the UK …
The acting Director-General of the National Communications Authority (NCA), Mr Joe Anokye, has charged Mobile Network Operators (MNOs) to work on improving their Quality of Service (QoS) and ensure that consumers are satisfied.
Accordin…
The Executive Director of the Kumasi Institute of Technology and Environment (KITE), Mr Ishmael Edjekumhene, has said the current Renewable Energy Act, 2011 needs no amendment.
Instead, he said, all the incentive-based provisions in the…
The days of debt crises and the World Bank telling African nations what to do are over, according to the lender’s president.
“One of the things we will never go back to is the bad old days where countries were in debt crises,” World Ban…
Multinational firms such as Google and Facebook are now paying tax in Australia based on profits earned there instead of shifting income abroad, the government has said.
Changes to the tax system will raise an extra 2bn Australian dolla…
Ghana’s development agenda, particularly in relation to agriculture, could be under serious threat if the country does not decisively halt illegal mining activities, popularly known as ‘galamsey,’ the Agricultural Workers’ Union has warned…
The Upper East Regional Minister, has charged the Coalition of the Savannah Accelerated Development Authority Civil Society Organisations (SADA- CSOs) to be more proactive in assisting government to accelerate the development of the SADA z…
Rising fuel and food prices helped to push last month's inflation rate to the highest since September 2013.
Inflation as measured by the Office for National Statistics' Consumer Prices Index (CPI) jumped to 2.3% in February - up from 1.…
Ecobank Ghana is to kick start a campaign that will complement the government’s efforts to promote a cashless economy, through its new product, Ecobank MasterPass Quick Response (QR) code.
The product, which was developed in partnership…
The Minerals Commission is holding a five-day workshop to train stakeholders in the mining industry on ‘Mine Closure and Post Closure Planning’ in Accra.
The workshop the first of its kind in Ghana is to present participants with a p…
Venezuela's government is using little-known banks, including a small Puerto Rican lender, as intermediaries for some international trade operations after Citigroup (C.N) last year stopped providing such services, according to the owner of…
Zambian copper miners including the local unit of Glencore Plc could face a power bill of more than $276 million if they lose a dispute with the government over electricity tariff rises, according to Copperbelt Energy Corp., their biggest …
Central bankers in West Africa have expressed their commitment to collaborate to fight currency counterfeiting within the sub-region.
The growing menace affects almost all countries within the West Africa sub-region, with the scammers r…
The Board of Directors of Priority Insurance Company Limited has appointed Mr Matthew K. A. Aidoo as the substantive Managing Director (MD) of the company. Prior to his appointment, Mr Aidoo was the acting MD of the company for almost two …
Phnom Penh (AFP) - Cambodia has temporarily stopped an American company from exporting locally-pumped human breast milk, AFP has learned, after reports highlighted how some of the country's poorest women were supplementing their income thr…
The President of the Ghana Chamber of Commerce and Industry (GCCI), Nana Appiagyei Dankawoso I, has outlined three major areas needing urgent attention by the government.
These are the “one district, one factory” initiative; the Limited…
Microsoft founder Bill Gates again tops Forbes' list of the world's richest people, in a year when the number of billionaires rose 13% to 2,043.
According to the magazine's annual rich list, Mr Gates' fortune rose to $86bn, from $75bn, …
World Bank Group President Jim Yong Kim has announced a record $57 billion in financing for Sub-Saharan African countries over the next three fiscal years, following a meeting with G20 finance ministers and central bank governors.
The…
U.S. electronic payments company MoneyGram International Inc said on Monday that peer Euronet Worldwide Inc's offer could result in a superior proposal compared to the one from China's Ant Financial Services Group.
Euronet had offered $…
Often the most important turning points in markets, and in this case the oil market, happen with a whimper rather than a bang. The ongoing crash in the oil market is mostly associated with OPEC’s fateful 2014 Thanksgiving Day decision to a…
Volkswagen's (VOWG_p.DE) truck division aims to significantly increase its profitability this year as deepening cooperation between the MAN and Scania brands and improving overseas markets spur business, it said on Monday.
Volkswagen (V…
Ghana has made a strong case at the United Nations for the economic empowerment of women in the cocoa industry.
At an event on the sidelines of the on-going 61st Session of the Commission on Status of Women (CSW) at the UN Headquarters …
China's government has been seeking advice from its think-tanks and policy advisers on how to counter potential trade penalties from U.S. President Donald Trump, getting ready for the worst, even as they hope for business-like negotiations…
The Ghana Institute of Governance and Security (GIGS), has petitioned the Council of State to initiate a national forum for discussion on the best formula and fiscal regime to adopt to back the nation’s Upstream Oil Industry.
The Counc…
Mr John Vianney Kumdamuru, Commissioner of the Customs Division of Ghana Revenue Authority (GRA) has called on the personnel of the Division to strive to the GHC 34.8 billion target set by the government.
He said with the abolishment of…
All the 216 metropolitan, municipal and district assemblies are to receive GH?75,000.00 each, under the “Planting for Food and Jobs” programme of the government. Additionally, they would be supplied with pick-up vehicles, motorbikes and u…
Ethiopian Airlines, the largest and the leading Pan-African Airline, has successfully landed its new Boeing 787 Dreamliner aircraft at the Kaduna International Airport in Nigeria.
The operation, which was graced by the attendance of …
The Minister of Trade and Industry, Mr Alan Kyeremanten, has reiterated the government’s commitment to job creation across the country.
He has, therefore, called on the private sector to brace itself up and partner the government which …
UK telecoms giant Vodafone has merged its Indian business with Idea Cellular, India's third-largest network, to create the country's largest operator.
The combined company will have almost 400 million customers, accounting for 35% of th…
The Chief Executive Officer (CEO) of the Tidy Up Ghana Limited, Mr Steven Kofi Ampofo, has charged the government to reduce taxes on importation of environmental sanitation equipment.
That, he said, would help waste management companies…
Toyota Ghana Limited last Saturday honoured two of its employees who emerged winners of its Toyota National Technical Skills Contest.
Mr Rashid Adjei Laryea and Mr Enoch Wilson of the Accra and Kumasi branches, respectively grabbed the …
Unique Insurance Company Limited (UIC) has rolled out a comprehensive motor package to reward drivers who drive safely and do not get involved in any accident throughout the year.
Dubbed the “No scratch promo”, the package is aimed at e…
Nigerian Government commends Dangote Cement self-sufficiency featThe Federal Government has officially confirmed that Nigeria has attained self-sufficiency in the production of cement and is now an exporter of the commodity.
The Federal…
African governments should allocate 10 percent of Pension Funds to support the private sector especially entrepreneurs, Tony O. Elumelu, Chairman of the United Bank for Africa (UBA) Plc has suggested.
He said African governments were …
A former Minister of Finance, Dr Kwabena Duffuor, has suggested the need for the government to use its first year in office to stabilise the economy before pursuing growth.
Dr Duffuor, who has also had the rare chance of being Governor …
The London Stock Exchange says Nigeria's $1 billion Eurobond is eight times oversubscribed and demonstrates international confidence despite the oil-producing nation's economic woes.
The 15-year bond offering 7.875 percent in trading st…
Do you really need someone to tell you what to do at work?
Three years ago, Swedish software consultancy Crisp decided that the answer was no.
The firm, which has about 40 staff, had already trialled various organisational structures…
The US dollar has been getting stronger, but at what point is it just too much for the market to bear?
In short, there's no simple answer.
The dollar on a global trade-weighted basis has strengthened by about 20-25% over the course …
Mark Zuckerberg has revealed deep-seated concerns that the tide is turning against globalisation.
In an interview with the BBC, the Facebook founder said that fake news, polarised views and "filter bubbles" were damaging "common underst…
Ghana’s bid to industrialise and create employment for the teeming unemployed youth required a national procurement strategy that would give a quota to local businesses, Mr. Simon Annan, the Co-founder of Smartbid Company Limited, has said…
The number of Ghanaians worth a minimum of $1 million (GH¢4.6 million) or more increased to 2,900 last year, from 2,700 individuals in 2015.
According to the 2017 Wealth Report published by global property consultancy Knight Frank, out …
The world's largest cocoa producer is seeing demonstrations against a slowdown in exports and a reduced buying price.
Dozens of people protested Thursday in Ivory Coast's commercial hub of Abidjan and in San Pedro, home of the country's…