In a bid to diversify the country’s energy mix, the government has embarked on a search for an appropriate piece of land for a nuclear power plant that would add about 4,500 megawatts (MW) to the country’s power generation capacity.
Thi…
Saddled with revenue shortfalls in the midst of rising expenses, the government is torn between cutting expenditure and risk strangling growth or raising more revenue through the introduction of new or increasing existing taxes in an econo…
Management of Societe General (SG Ghana) says the bank is ready to meet the minimum capital requirement by end of September 2018.
Mr Sonle Yeo, the Managing Director, SG Ghana, said the Bank’s major shareholders were commitment to the c…
Mr Prince Bagnaba Mba, President of National Forum for Equity on Tuesday suggested to African leaders to consider establishing a Maritime or Transport bank as part of their accelerated development programmes.
“The establishment of a tr…
The Institute of Financial and Economic Journalists (IFEJ), has launched its fifth Flamingo awards with a focus on natural resources reporting to deepen the level of business journalism in Ghana.
The 2018 Flamingo awards, which was laun…
Abii National Savings (ANS) and Loan Limited has extended its operations to Tarkwa in the Western Region with the opening of a new branch. The bank, which started from a humble beginning, has so far opened twelve branches across the countr…
Parent “Finablr” has announced plans to invest USD 100 million to expand its Africa operations over the next decade
UAE Exchange, a leading global money transfer, foreign exchange and payment solutions brand, announced the rebranding …
DHL partners with MallforAfrica on a marketplace site focused exclusively on delivering African-Made products to the World
Marketplace Africa delivers the best of Africa to its global customers
DHL (dpDHL.com), the world’s leading in…
Bombardier Commercial Aircraft unveiled the interior of the first CRJ Series aircraft with the new ATMOSPH??RE cabin design on the opening day of the Farnborough International Air Show in the United Kingdom.
Bombardier showcased the new…
Africa Oil & Power has signed a strategic partnership with the Africa Energy Chamber to combine their extensive business networks to facilitate transactions and encourage investment in the oil, gas and power spaces. The cooperation will a…
On July 15th, Hisense, an official sponsor of the 2018 Russia FIFA World Cup™ from China, has officially launched the high-end flagship TV U9D at the Global Partner Conference in Moscow on the eve of the World Cup. The TV's dynamic backli…
The Bank of Ghana (BoG) has annulled the acquisition of all shares held by four institutions in the ADB Bank Limited (ADB).
The institutions are; Belstar Capital Limited, Starmount Development Company Limited, SIC-Financial Services Lim…
Amazon workers in a number of European countries are taking industrial action to coincide with the internet retail giant's Prime promotion event.
On Tuesday, thousands of staff at warehouses in Germany will walk out to demand better con…
Netflix shares plunged by more than 14% in after-hours trade on Monday, after the firm reported disappointing subscriber growth.
Netflix said it added 5.2 million subscribers in the three months to the end of June, the same number it di…
The Ga Rural Bank Limited recorded a net profit of GHC573,328.00 in 2017 as against GHC261,473.00 in 2016, representing an increase of 66.22 per cent.
Total income of the bank also grew from GHC 7,653,778 in 2016 to GHC 9,060,789 in 201…
Over 17,615 farmers under the Nestlé Cocoa Plan (NCP) in Ghana are set to benefit from a GH¢5.2 million premium package.
The package is part of the company’s commitment towards developing thriving and resilient communities within its va…
Ghana, a Policy Think Tank, has kicked against attempt by government to impose additional taxes, saying the move would impact negatively on the living conditions of Ghanaians.
Mr Franklin Cudjoe, the President of IMANI Ghana, said there…
The Rising spate in the theft of cryptocurrencies is driving the surge of a new, high-tech era of virtual money laundering, a headache to governments globally, according to a report.
In the first half of 2018, more than US$760 million i…
Weak performance of the Ghana Cedi against other foreign currencies in Upper West Region has triggered a marginal rise in the prices of maize, millet, wheat and imported rice in the regional capital, Wa.
Buyers and sellers, in a market …
Since the beginning of the century, Africa has ranked second behind Asia on the table of the world's fastest-growing regions, with average annual growth in gross domestic product (GDP) of 4.7 per cent between 2000 and 2017, but this has no…
The European Union and Japan have signed one of the world's biggest free trade deals, covering nearly a third of the world's GDP and 600 million people.
One of the biggest EU exports to Japan is dairy goods, while cars are one of Japan'…
The government is expected to begin the disbursement of soft loans to some 1,000 existing youth-led businesses by the end of this month through the National Entrepreneurship Innovation Plan (NEIP), in a bid to scale up the capacity of youn…
China should make its economy more open to foreign firms, European Commission President Jean-Claude Juncker has said while on a visit to Beijing.
Mr Juncker was accompanied by the President of the European Council, Donald Tusk, who warn…
With the clock ticking towards the deadline for universal banks in the country to increase their minimum capital to GHc400 million by the close of the year, many indigenous banks are working out modalities to drastically reduce their staff…
The Managing Director (MD) of the Risk Management and Advisory Services, Mr Larry Kwesi Jiagge, has asked the National Insurance Commission (NIC) to be stringent in the application of regulatory measures in the insurance industry in Ghana.…
Mr Shaibu Ali, the Vice President of the Ghana Brokers Association, has called on the public to purchase insurance products from registered brokers as they would get the requisite information to guide them.
He said brokers are working h…
Africa’s infrastructure needs remain huge with unmet financing gap between US$ 130 and US$ 170 billion annually, despite it's impressive growth rates in the last decade in most countries.
The African Development Bank (AfDB) is seeking t…
The 2018 National Policy Summit to focus on the economy is to be held in Kumasi, Deputy Information Minister, Kojo Oppong Nkrumah, has announced.
This has been scheduled for July 23 -24 and is going to be under the theme “Assessing the …
Ahead of the mid-year budget review in Parliament next Thursday, the business community, the political class and the entirety of Ghanaians await with bated breath indications that the government will introduce new taxes and increase some e…
Following the change of name of Barclays Africa Group to Absa Group, Barclays Bank Ghana has announced that it will be renamed at a later stage, subject to regulatory and other approvals in Ghana.
A statement issued by Nana Essilfuah Bo…
Another 80 Poundworld stores will be closed, resulting in 1,024 job losses, the company's administrators have said.
The latest announcement means that 105 of the company's 335 stores are now earmarked for closure.
Poundworld wen…
EURisk Convention’s CQRM hailed by world business leaders
Organisers behind the inaugural EURisk Convention are celebrating the success of the event’s Certificate in Quantitative Risk Management (CQRM) and hope to bring the course …
MSL has brought its brand to Turkey, formally naming an existing Publicis-developed PR capability in Istanbul as MSL. The new office is MSL's 107th. The MSL Istanbul unit, with 12 people, will be part of a strong integrated offering in…
The Ghana Standards Authority (GSA) in collaboration with the Yilo Krobo, Volta and Dange-West Farmers Association and supported by Physikalisch-Technische Bundesanstalt (PTB), the National Metrology Institute of Germany, has implemented a…
GCB Bank and Invest in Africa (IIA) have announced the signing of an agreement that formally makes GCB Bank the newest partner of the initiative.
The IIA is a private sector initiative that brings together leading indigenous and intern…
Strap: Shaping Africa's digital future ? AfricaCom launches FREE headliner conference tracks with world-class speaker line-up.
Whether your focus is connectivity infrastructure, disruptive technologies, digital services or ICT strateg…
Science and technology enthusiasts aged between 14 and 19 have until 12 October 2018 to enter
Join our Facebook community by liking our @DStvEutelsatStarAwards page
The 8th edition of the DStv Eutelsat Star Awards competitio…
Mr Boakye Kyeremanteng Agyarko, Minister of Energy says Ghana is preparing to create a designated Ship-to-Ship and Bunker zones outside Tema and Takoradi Ports to regulate and safeguard the country’s liquid cargo business.
According to …
Top Rankings: Switzerland, Netherlands, Sweden, UK, Singapore, U.S.
Switzerland retained its number-one spot in the Global Innovation Index (GII) ranking published annually by Cornell University, INSEAD and the World Intellectual P…
Dr Settor Amediku, the Head of Payment System Department of Bank of Ghana has urged microfinance companies to use technology to provide quality customer services.
He said the companies could thrive if they take advantage of digital revo…
After years of a laid-back approach to the business of banking, GCB Bank Limited is now putting up a spirited effort that can help redefine banking and cement its role as a leader in the financial sector.
Beyond energising staff to comp…
Barclays Bank is now Absa, and will consequently rename ten subsidiaries in Africa including Ghana, Kenya, Botswana, Mauritius, Mozambique, Seychelles, Tanzania, Uganda and Zambia by June 2020.
Yesterday, Absa Group began trading at the…
Gray Matters Capital backs Ghana’s Medical Diagnostics Venture Redbird Health Tech under its coLABS Portfolio
Redbird seeks to scale its health monitoring services to 30 additional community pharmacies over the next three months with th…
Mergers and acquisitions activity falls in Africa in the first half of 2018 but intraregional trade is up
Total deal volumes and values of Merger & Acquisition (M&A) transactions in Africa fell sharply in the first half of 2018, declini…
In September, the world’s leading experts on online learning will be in Kigali, the capital of Rwanda, for eLearning Africa, the continent’s largest conference on technology assisted learning and training. Some of them are warning that a l…
Newmont Ghana generated $536 million of economic value distributed throughout the Ghanaian economy last year. Out of the amount, $89.7 million was paid in employee wages and benefits, $62.3 million in taxes, $35.1 million in government roy…
The United Kingdom in March this year has made available 500 million pounds as credit cover for businesses, Selasi Adzo Nukpe, Deputy Head, Department of International Trade, Ghana has said.
Speaking at the opening of this year’s Oil an…
The June 2018 edition of Stanbic Bank Ghana’s Purchasing Managers Index (PMI) June 2018 edition has revealed that output growth in the Ghanaian private sector has hit a first time low since January this year.
According to the report mad…
Theresa May and Donald Trump are holding talks at her country retreat Chequers, following his controversial comments on the PM's Brexit plan.
In an interview with the Sun, Mr Trump said the PM's plan would "probably kill" any trade deal…
FBN Bank Ghana Limited, a subsidiary of First Bank of Nigeria, has indicated that it is on schedule to meet the US$400 million minimum capital requirement of the Bank of Ghana (BoG).
As a result, a third of the required funds is current…