African Development Bank Shareholders approve landmark $115 billion capital increase, signalling strong support
Bank's capital base more than doubles. Jumps from $93 billion to $208 billion
Largest capital increase in the Bank's hi…
Launch of Africa Women Innovation and Entrepreneurship Forum (AWIEF) Insights publication to celebrate woman leaders and entrepreneurs across Africa
To mark the 5th anniversary of its high-profile annual conference, the Africa Women Inn…
GCB Bank has posted profit before tax of GH¢317.13 million for the nine months period ending September 30, 2019.
This is an improvement over the GH¢224.99 million recorded over the same period in 2018 financial year and represents 40.9%…
Consortium is preparing the next wind project of 500 MW
COD reached 6 weeks ahead of schedule thanks to the support of our off-taker, EETC, our consortium partners, and the good performance of our contractors, Siemens Gamesa for t…
Africa Women Innovation and Entrepreneurship Forum (AWIEF) Conference, Expo and Awards celebrates five-year anniversary in 2019 with the theme ‘Enhancing Impact: Digitalisation, Investment and Intra-African Trade’
The Africa Women Innov…
The discovery was the first well drilled in Kosmos’ infrastructure-led exploration (ILX) in offshore Equatorial Guinea
The Government of Equatorial Guinea, represented by the Ministry of Mines and Hydrocarbons, has announced that Kosmos…
Barclays Bank Ghana marks 2019 World Savings Day with 25,000 basic school students
Barclays Bank Ghana, part of the Absa Group, has marked the 2019 World Savings Day with students of some selected basic schools across the regions of Gha…
The Dangote refinery, which is designed to maximise petrol output, will produce enough to allow for a small surplus of that fuel for export
The Honorable Minister of State for Petroleum Resources, Chief Timipre Sylva, has pledged suppor…
Ogilvy Ghana ranked 11th globally at the prestigious Global SABRE Awards for its creativity and impact in executing communication campaigns
‘Ghanaians Against Child Abuse’ campaign recognised among top 40 PR campaigns of the year
…
Africa Women Innovation & Entrepreneurship Forum (AWIEF) Conference Resolution Calls for the Inclusion of Women in the Africa Continental Free Trade Agreement (AfCFTA) Process
A resolution adopted at the Africa Women Innovation & Entrep…
Africa’s oil & gas industry poised for further growth in the wake of new resource finds, technological advances and improved governance – PwC Africa oil & gas review
PwC’s Africa oil & gas review, 2019 analyses what has happened in the …
In collaboration with DocuTech, Newgen is hosting the Accelerate Your Digital Journey Workshop on 6th November in Accra to bring together business leaders and senior professionals to meet, interact and exchange ideas on digital transformat…
Participants in an African ministerial roundtable on information access have pledged to scale up advocacy for the inclusion of libraries in the development process of their respective countries.
They have also expressed their commitme…
Saudi Aramco has confirmed it is planning to list on the Riyadh stock exchange, in what could be the world's biggest initial public offering (IPO).
The state-owned oil giant will determine the IPO launch price after registering interest…
The Chief Executive Officer (CEO) of the Ghana Shippers Authority (GSA), Ms Benonita Bismarck, has been honoured at the Ghana Business Awards (GBA) held on October 25, 2019 in Accra.
The CEO won the Woman of Excellence Award for the P…
The government has secured a $600 million stimulus package from the African Development Bank (AfDB) to revamp the cocoa sub-sector over the next seven years, starting next year.
The package is aimed at increasing cocoa production by i…
Bombardier's Northern Ireland operations have been sold to the US firm Spirit AeroSystems in a deal worth nearly £1bn.
The Canadian firm put the factories up for sale in May as part of a reorganisation of its business.
The aerospace …
Madam Comfort A. Attah, Biakoye District Chief Executive (DCE) has said government's "One constituency One million dollars" initiative through the Coastal Development Authority was operational.
She said the initiative was not meant to p…
Three factories established in the Akuapem North Municipality under the government's signature One District, One Factory (1D1F) programme, have begun operations, Mr. Dennis Aboagye, the Municipal Chief Executive (MCE), has announced.
Th…
US employment was more resilient than expected in October despite the impact of strike action at General Motors.
Companies added 128,000 new jobs, ahead of a forecast 85,000 rise, during a month when thousands of workers walked out at t…
Mr John Hagan Amoah, a Kasoa based driver on Wednesday, won the 'MTN Mobile Money (MoMo) at 10' promotion ultimate award in Central Region.
For his prize, the young man in his early thirties was given a brand new Hyundai i10 vehicle to …
Mr Ken Ofori-Atta, the Minister of Finance, has called on the public to support government in its efforts to achieve macroeconomic stability to ensure economic growth and prosperity.
"We truly need the morale support of everyone in over…
The World Food Travel Association (WFTA) has certified Ms Annie Yayra Hiamey as its Ghana ambassador to promote the nation’s food tourism.
WFTA is the world’s leading authority on food and drink tourism.
A statement signed by the E…
Barclays Bank Ghana, part of the Absa Group, has been adjudged Bank of the Year, whiles the Managing Director, Mrs Abena Osei-Poku, has been named Woman of Excellence of the Year – Private Sector, at the 2019 Ghana Business Awards.
The …
Prudential Life Insurance Ghana has, in partnership with the Lashibi Funeral Home and Crematorium, launched a product to protect its customers and their loved ones in the event of the death of a relative.
The new product, "Dignity Farew…
Board members of Caraway Pte, holding company of Nutrifoods, which produces household brands like Tasty Tom, Royal Aroma and Nutrisnax biscuits, experienced some popular food markets in Accra and Tema during a visit to Ghana.
Mr Ida San…
Mr Stephen Censky, the U.S. Deputy Secretary of Agriculture, has ended his three-day trade mission to West Africa with a call on countries in the sub region to create a positive business climate that would promote a win-win situation for a…
Mr Godwin Edudzi Effah, Municipal Chief Executive (MCE) for Keta has said construction works would begin on phase one of the Keta Harbour by December this year.
Mr Effah said the harbour had two components, fish landing site and the mai…
Kumasi City Markets Limited (KCML), managers of the newly-constructed Kejetia market, has so far realized a total amount of 22.1 million Ghana Cedis being payment by 2, 785 traders for the allocation of stores at the ultra-modern facility.…
Standard Chartered (-5.60%) closed lower, moderating the GSE Composite Index by 1.17 points (-0.05%) to settle at 2,150.66 with a YTD return of -16.39% despite gains in four financial counters. Market capitalization (-0.02%) was pegged a…
Access to justice for everyone in all communities is an important right and requirement for building fair and peaceful societies – yet this objective has been achieved in few if any nations, and the consequences are damaging for social, ec…
MTN Ghana in conjunction with Facebook has organized a day’s training workshop for young (student) entrepreneurs from various tertiary institutions dubbed “Boost Your Business with Facebook” to equip them with skills and tools that will he…
Ladzekpo asks if today's marketers are ready for a future of careers driven by science and technology
A key challenge facing many marketing practitioners today is the break-neck speed at which technology is causing paradigm shifts, empo…
Reset Global in partnership with the United Nations Development Programme (UNDP), SDGs advisory unit office of the president has launched the 2019 Global SDGs youth summit in Ghana.
The three-day Summit which is scheduled to kick start …
Japan has increased its consumption tax for the first time in five years, bringing the long-delayed policy into effect despite concerns it may knock the economy.
On Tuesday, the country raised its sales tax rate from 8% to 10%.
The n…
China's mobile operators have made 5G services available to consumers, as the country seeks to become a global technology leader.
State-owned carriers China Mobile, China Unicom and China Telecom unveiled their 5G data plans on Thursday…
Ghana suffers from high information reporting gap which translates into revenue leakage.
It has been reported widely that this leakage amounts to about GHS 1.2 billion annually (Bank of Ghana, Trade Map, UN Comtrade, McKinsey & Compa…
The government of Korea has pledged to invest more in Ghana’s health sector, which remains a priority area of development assistance and cooperation between the two countries.
According to the Korean Ambassador to Ghana, Mr Sungsoo Ki…
The Minister of Finance, Mr Ken Ofori-Atta has downplayed fears that the termination of the Power Distribution Services (PDS) Ghana Limited deal will adversely affect the relationship between Ghana and the United States of America (USA).
…
The Ghana Revenue Authority (GRA) Taskforce has locked-up Intelligent Metering Energy Solutions Limited for defaulting in tax payment to the tune of GH¢6.8 million.
The tax liability of the amount is made up of Value Added Tax of GH¢5.8…
Golden Star Resources, a mining company, says it is on track with its plans to develop the Wassa Underground Gold Mine.
The Mine transitioned into Underground Only Operation in 2018 with focus on high margin underground ounces.
The …
The Ghana Investment Promotion Centre (GIPC), the organisers of the annual Ghana Club (GC) 100 Awards would hold the 18th edition on November 15, this year.
This year's award is on the theme: "Sustainable Agriculture; The Bedrock of Gha…
The Dormaa East District is to get two more factories under the One District, One Factory (1D1F) Policy of the government.
The factories, a mango processing and egg crate production companies, would be sited at Wamfie and Dormaa Akwamu,…
Huawei has announced that its revenue for the third quarter of 2019 has increased.
A statement copied to the Ghana News Agency said during the first three quarters of this year, Huawei generated 86 billon dollars in revenue, representi…
Cabinet has approved a US$200 million credit facility for four Ministries to implement the Greater Accra Resilient and Integrated Development Project, to deal with perennial flooding and other sanitary challenges.
The credit facility is…
Mr Vincent Sam Brew, the Board Chairman of the Queen of Peace Co-operative Credit Union Limited, has said the total income of the Union has increased from GHC 1,107,453.81 to GHC 1,323,454.18.
He said its savings deposit also grew from …
Ghana and India are following similar development paths in the quest to develop their economies.
Addressing participants at the on-going Future Investment Initiative (FII) Summit in Riyadh, Saudi Arabia, Prime Minister of India, Narendr…
Dr Lord Mensah, an Economist and Senior Lecturer of the Department of Finance, University of Ghana Business School, has urged the Government to be strategic and realistic with its financial projections for the 2020 Budget.
He asked gove…
Instant money transfers have been done almost a million times by the public, from the beginning of the year to September, indicating continuous increase in patronage of the service.
The third quarter industry performance report released…
President Nana Addo Dankwa Akufo-Addo on Wednesday said government will consolidate the macro-economic and fiscal gains made over the past 34 months, and would work to ensure the distressed economic situation inherited in 2017 is not repea…