Huang waits by a workbench for the welder to pass the next metal tray. There's only a handful of staff in the factory. Half the building is in darkness.
The boss is stranded in Europe. They haven't had any new orders from their American…
A high-profile pandemic aid program protected about 51.1 million American jobs, the Trump administration said on Monday, as it revealed how $521.4 billion in taxpayer cash was injected into small businesses but also into the pockets of the…
Japan's household spending has slumped at a record pace as measures to slow the spread of the coronavirus kept people at home.
Government figures show household spending dropped by 16.2% in May from a year earlier.
The worse than exp…
The Tax Justice Coalition (TJC) Ghana has urged the Government to intensify its efforts at mobilizing domestic revenues to help shore-up financial gap created as a result of the impact of the COVID-19 pandemic.
This, the association sai…
The Association of Local Mining Contractors, has called for government intervention in the high permit fees being charged by the Minerals Commission on their members.
According to the Association, the over 500 per cent increase in the c…
The President Nana Addo Dankwa Akufo-Addo has lauded Ms Valentina Mintah, founder and former Chief Executive of West Blue Consulting for her appointment as a member of the International Chamber of Commerce (ICC) Executive Board, assuring h…
MACROECONOMIC INDICATORS
Q1’ 2020 GDP 4.9%
BoG Policy Rate – May 2020 14.50%
Weekly Interbank Interest Rate 13.72%
Inflation for May, 2020 11.3%
End Period Inflation Target - 2020 8.0%
Budget Deficit (% GDP) – Mar, 2020 3.4%
2020…
The Enterprise Group recorded a strong performance in its 2019 financial year to exceed the insurance industry average in terms of growth. This was revealed at the Group’s Annual General Meeting (AGM) held at the Advantage Place in Accra o…
110-minute online streaming special to mark the arrival of the New Defender in Africa
Airing to be hosted by sports presenter Xola Ntshinga with special guest appearances from former Springbok Bryan Habana and adventurers Kingsley and Ros…
Why the best time to establish an Emergency Fund is now.
Building an emergency fund is the first step in financial planning. The current coronavirus pandemic has brought to bear the need for every individual have an emergency fun…
* Ghanaian consumer confidence declines by 15 points
* Nigerian sentiment also experiences a significant decline
Against the backdrop of the unprecedented COVID-19 pandemic, West African consumer sentiment has experienced a sharp drop…
United Bank for Africa Plc (UBA), the leading pan-African financial services group, is pleased to announce the appointments of Ayoku Liadi and Oliver Alawuba as Deputy Managing Directors in charge of UBA’s Nigeria and Africa businesses, re…
As businesses re-open their doors across Ghana, they have help from a contact tracing app based on New Zealand’s successful COVID Tracer.
Widely credited for helping New Zealand reach zero active cases, the NZ COVID Tracer gave each …
The Exclusive Men of the Year Africa Awards (EMY Africa Awards) has named Mrs. Abiola Marufatu Bawuah the Regional CEO West Africa of the United Bank for Africa as the Woman of the Year at the 5th Annual EMY Africa Awards held over the wee…
MTN Unveiled as Headline Sponsor for Freestyle UNLOCKED Africa 2020, 5 International Judges Announced
Freestyle UNLOCKED Africa 2020 is the virtual version of the African Freestyle Championships organised by the sports promoter
Feet …
CAL Bank (-8.45%) moderated the GSE Composite Index by 3.62 points (-0.19%) to begin the week at 1,884.03 with a year-to-date return of -16.53% while the market capitalization decreased by 0.07% to settle at 52.79 billion.
Consequently,…
Absa Bank Ghana has unveiled an ambitious proposition known as “Absa StartUp Banking”, a new initiative that will support the grooming and growth of Ghanaian-owned start-ups with solutions that will bring their possibilities to life.
Th…
The Ghana Chamber of Telecommunications has announced the admission of C-Squared Ghana Ltd, ComSys Ghana Ltd and Huawei Ghana to the chamber.
They join two other infrastructure companies - American Tower Corporation and Helios Towers – …
The Chief Executive Officer (CEO) of the Leverage Microfinance Company (LMC), Mr Gilbert K. N. Adamtey is calling on the government to consider collaborating with the various telecommunication companies in the country to infuse digital add…
Members of the Ghana Internet Service Providers’ Association (GISPA) have unanimously voted to renew the mandate of its board led by Mr Richard Densu of MTN, for an additional two years.
The members were convinced by the solid results a…
The government has received a report into Huawei that is likely to change its policy over the Chinese firm's role in the UK's telecoms networks.
Digital Secretary Oliver Dowden said GCHQ's National Cyber Security Centre had delivered it…
Coronavirus is changing London. Some of it may be temporary, as the capital adjusts to the presence of an invisible killer, some of it will be more permanent.
It is more than 100 days since the prime minister ordered the nation to stay …
Air France-KLM plans to cut more than 7,500 jobs at its French arm as the airline industry reels from the coronavirus crisis.
Europe's second-biggest airline will cut 6,560 staff at Air France, with its regional French carrier Hop! losi…
The Food and Drugs Authority (FDA) and the National Board for Small Scale Industries (NBSSI) have signed a Memorandum of Understanding to support the development and growth of micro, small to medium enterprises.
Mrs Delese Mimi Darko, t…
Mr. Shaibu Ali, the Vice President of the Insurance Brokers Association of Ghana, has urged brokers to carefully assess the commercial implications of the COVID-19 pandemic on their clients to protect themselves from the risk of claims.
…
The Reverend Kennedy Okosun, the Chief Executive Officer of Krif Ghana Limited, has said a well-developed insurance industry is key in efforts to improve the stability of the financial markets.
He said the insurance sector must offer pa…
The International Fund for Agricultural Development of the United Nations (IFAD) today announced a new project that will boost support for about 210,000 poor rural households in Niger that are vulnerable to climate shocks and food insecuri…
This was revealed when the Chairman of BUA, Abdul Samad Rabiu led the BUA Cement Management team on a courtesy call to the Adamawa State Governor, Ahmadu Umaru Fintiri
BUA Cement (BUACement.com), One of West Africa’s largest Cement comp…
* Expedited processing has cleared nearly 650,000 refund requests in 8 weeks
* Policies offer customers confidence to plan and book their travel
In the past two months, Emirates has processed nearly 650,000 refund requests, returning o…
An understandable response to the economic fallout of Covid-19 is for governments, industries and businesses trying to predict the path that the global economy will take in the coming months and years. However, given that this is a challen…
‘Build a solid macro-economic policy environment, protect local investments and strengthen intra-African trade,’
The African Economic Research Consortium (AERC) recently held its virtual 52nd Plenary Session with the official opening a…
Absa Bank Ghana, the first bank to introduce ATM Cash Deposit and many other digital innovations in the financial sector, is enabling its customers to continue banking at the comfort of their homes and offices, through its array of secure …
African Development Bank joins World Trade Organisation (WTO) and other Multilateral Development Banks (MDB)s to support trade finance amid COVID-19 crisis
Since the beginning of the COVID-19 outbreak, multilateral development banks hav…
OML 109 comprises 14 identified and mapped prospects and leads, and an un-risked resource potential in excess of 500 million barrels of oil equivalent
Over the weekend, Atlas Petroleum International has resumed work over activities and …
The benchmark index was up 14.86 points (+0.79%) to close this week at 1,887.65 with a -16.37% year-to-date return as three oil marketing, telecom and banking stocks gained while the market capitalization increased by 0.29% to settle at GH…
With new data showing that global carbon emissions are rebounding more quickly than expected after coronavirus lockdowns are eased, questions are being asked about the prospects for renewable energy projects in emerging markets.
Just a…
Lloyds Banking Group chief executive António Horta-Osório will step down next year after spending a decade at the helm.
Mr Horta-Osório said he had "mixed emotions" about the decision, which the bank said would see him leave the role by…
Capemay Properties Limited, a luxury real estate development company has launched its “Home at Home” campaign to invite diasporas and foreign nationals with business interest in Ghana to invest in the Mother Land Ghana.
The company in a…
Ghana Cocoa Board (COCOBOD), Japan International Cooperation Agency (JICA) and other development finance institutions (DFIs) have announced a $600 million credit facility for COCOBOD’s Productivity Enhancement Programmes (PEPs).
It is t…
Uber Technologies (UBER.N) launched a ride-hailing smartphone application in Tokyo on Friday in partnership with three domestic taxi firms, even as strict regulations block its popular ride-sharing service in Japan.
The taxi-hailing app…
GCB Bank’s G-Money has set an ambitious one million subscriber target before the end of this year after it has signed on over 300,000 customers since it began operation less than five months ago.
The mobile money service also seeks to w…
General Motors Co’s (GM.N) vehicle sales in China dropped 5.3% between April and June from the corresponding period last year, underperforming the industry average amid a recovery from the coronavirus fallout on the world’s biggest auto ma…
Dr Kodjo Mensah-Abrampa, Director-General, National Development Planning Commission (NDPC) has launched the Ghana Integrated Infrastructure Database (GIID) portal: giidapp.org.
The objective of the GIID was to establish a web–based plat…
The Ministry of Food and Agriculture is in the process of developing a Post Covid-19 strategy to be aligned with government's COVID-19 response programme.
The strategy, which is still at the consultative stage, will assess the effect of…
Professor Kwame Adom-Frimpong, President, Institute of Chartered Accountants Ghana (ICAG) and MD, Mainstream Reinsurance Company, has reiterated that integrity is an important fundamental element in the accounting profession.
He said in…
Ghana Cocoa Board (COCOBOD) and lenders have welcomed the first disbursement of $200 million of a syndicated loan facility to boost cocoa productivity in the world’s second-largest producer.
The occasion was marked by a ceremony held in…
The Office of Government Machinery last year spent a total of GH¢3.5 billion on the implementation of its various programmes and activities.
Employee Compensation took GH¢140.8 million; Goods and Services - GH¢3.3 billion, while GH¢55.4…
President Nana Addo Dankwa Akufo-Addo has underscored Government’s commitment to innovation-driven youth entrepreneurship for the long-term economic growth of the country.
The President was addressing the third season of the 'Presidenti…
The Entrepreneurs Foundation of Ghana (EFG) is set to virtually honour the country's Greatest Entrepreneurs, Business, and Corporate Executives who have distinguished themselves over the years.
This year's award, which would be held on …
Fish farmers in the Kwahu area are looking for market for their produce, following the negative impact of the coronavirus on their businesses.
This came to light when the Fisheries Commission visited selected fish farms in the Kwahu are…
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