Saudi Arabia has said it is freezing all new trade with Canada and expelling its ambassador over its "interference" in the kingdom's domestic affairs.
A Saudi foreign ministry statement said it considered Canada's call last week for the…
Mr. Ernest Quansah, South Tongu District Director of Agriculture has called on government to urgently ban the "reckless" acquisition of river bank lands by private investors.
He said it had become necessary to improve access to fresh wa…
As part of its vision of becoming the leading reference point for competent directorship and best practices in corporate governance, new leaders of the Institute of Directors, Ghana (IoD-GH) has outlined a number of projects.
A statemen…
The Volta Regional Cattle Farmers Union has appealed to government to help address challenges facing cattle farming in the country, and help develop it into an industry.
Mr Raphael Nutoegba, Chairman of the Union said cattle products we…
President Nana Addo Dankwa Akufo-Addo has disclosed that government had moved to draw investment to develop the Ada Songhor salt project into a modern salt industry.He said Government was collaborating with stake holders to ensure that the…
The management of the newly established Consolidated Bank Ghana Limited (CBG) is asking customers of the five banks whose licenses were revoked to remain calm, assuring them that their deposits are in safe hands.
In a statement sent to …
Government has announced plans to introduce a new fiscal regime for the mining sector to ensure the country derives maximum benefit from the extraction of her mineral resources.
To that end, government is seeking a paradigm shift in the…
The African Development Bank Group is pleased to announce the appointment of Ms. Bajabulile “Swazi” Tshabalala as Vice President for Finance and Chief Finance Officer
Ms. Tshabalala brings 26 years of experience in finance, treasury man…
HSBC said it was "cautiously optimistic" about global growth as it announced a 4.6% increase in pre-tax profit for the first half of 2018.
The bank said Asian economies remained robust despite growing trade tensions between China and th…
Travellers who have transited the Kotoka International Airport (KIA) to other first-class airports have always looked forward to the day when Ghana will boast of the state-of-the-art facility.
Issues of poor ventilation, difficulty in …
Emirates’ iconic A380 aircraft will operate a one-off flight to Kotoka International Airport (ACC), Accra, on October 2, as the airline joins Ghanaians in celebrating the opening of the Kotoka International Airport’s new Terminal 3.
The…
Companies have been left in the dark over planning for Brexit amid an "information void", a leading business group has warned.
The Institute of Directors has called on the government to speed up guidance on what companies should expect …
The government says it is considering various structures through which it can provide financial support to help other indigenous banks meet the new minimum capital requirement of GH¢400 million by 31st December 2018.
The Finance Ministe…
The Ashanti Regional Office of the Cocoa Health and Extension Division (CHED) of COCOBOD has made moves to sensitize and train cocoa farmers on the government’s hand pollination Programme geared at increasing cocoa yield per tree.
The C…
Famers have been advised to carry out routine checks on their farms and report immediately any symptoms of the Fall Armyworm (FAW) to Agric extension agents for effective management.
Dr. Felicia Ansah-Amprofi, Director for Plant Protect…
The Government is committed to promoting value chain in agriculture, Dr Sagre Bambangi, a Deputy Minister of Food and Agriculture in-charge of Crops, has said.
Dr Bambangi said agriculture played a key role towards Ghana’s socioeconomic…
MTN Ghana on Thursday said it paid a total of GHC98.9 million to active Mobile Money subscribers as interest at the end of July after Bank of Ghana approved the payment to subscribers in September 2016.
Mr Eli Hini, the General Manager …
The Ghana Developing Communities Association (GDCA), a Non-Governmental Organisation (NGO) operating in the Northern Region has supported the Bawku Municipal livestock market in the Upper East Region with transformational facilities.
Th…
The Ghana Investment Promotion (GIPC) would lead a 50 member business delegation to this year’s Africa Singapore Business Forum (ASBF), slated for August 28 and 29 in Singapore.
Mr Yofi Grant, GIPC Chief Executive Officer made this know…
Ghana Post is the company responsible for postal service in Ghana and a member of the West African Postal Conference.
Historically, Ghana Post commenced business in 1854 as the Post and Telecommunications Department of the Colonial Admi…
The Ghana National Chamber of Commerce and Industry (GNCCI) has expressed its backing for the Integrated Bauxite and Aluminium Project. Mr. Mark Badu-Aboagye, the Chief Executive Officer, said it was a step in the right direction.
In a …
5GAA, BMW Group, Ford and Groupe PSA Exhibit First European C-V2X Direct Communication Interoperability Between Multiple Automakers
The 5G Automotive Association (5GAA), the BMW Group, Ford Motor Company (NYSE: F), and Groupe PSA -- in …
Government has handed executive powers to the Committee on Retail Trade to ensure that foreigners engaged in the sector fully complied with laws governing trade in the country as part of efforts to sanitise the industry.
Mr Alan Kwadwo …
Japanese car giant Toyota has posted a 7.2% jump in quarterly net profits, beating expectations and surprising analysts.
Net income came to 657.3bn yen ($5.88bn; £4.52bn), up from the 613.0bn yen recorded in the same period a year earli…
Mr John Peter Amewu, the Minister of Lands and Natural Resources, has announced plans by government to process 30 per cent of gold ore produced by the mining companies locally, beginning from November this year.
He said it was governmen…
Vice-President Mahamadu Bawumia has extolled the pharmaceutical industry in the country for its immense contribution to national development.
He said the value chain generated in the industry could not be ignored, hence the response by …
Printing and packaging firms in the country have called on the government to exempt them from paying duties on raw materials such as paper, ink and cardboard to enable them to produce at lower costs and make their products affordable on th…
The Ashanti king, Otumfuo Nana Osei Tutu II, has given land to one of Uganda’s top pharmaceutical firms to build a factory and manufacture HIV/Aids drugs in Ghana.
Otumfuo announced the offer during a visit to Cipla Chemicals plant in L…
The Bank of Ghana (BoG) has been sued after it annulled shares of two companies in adb that eventually scuttled their moves to hand over controlling stake to a struggling bank, unibank.
Belstar Capital Ltd and Starmount Development Comp…
At least one million people have downloaded the Ghana Post GPS address system, the acting Managing Director of Ghana Post Company Limited, Mr James Kwofie has revealed.
According to him, they have also recorded 7.5 million location sear…
The Managing Director of the Ghana Post Company Limited, Mr James Kwofie says over 7.5 million people have used the Ghana Post GPS address system to search for locations in the country since its launch on October 18, 2017.
He said close…
Management and staff of the Ghana Grid Company Limited (GRIDCo) on Wednesday, held a durbar to climax the celebration of the Company’s 10 years in existence. GRIDCo commenced operations on August, 1, 2008, after it was ceded off the Volta …
Litigation costs and settlements have made a big dent in Barclays' profits for the first half of the year.
Pre-tax profits fell from £2.3bn to £1.6bn after the bank paid out about £2bn, including a £1.4bn settlement with the US Justice …
Nutrifoods Ghana Limited, a subsidiary of Olam Ghana and a market leader in the production of top-grade biscuits, has launched its first premium oats digestive biscuit under the its new Heath Brand, Nutrisnax.
Premium Nutrisnax Oats Dig…
The Ghana National Chamber of Commerce and Industry (GNCCI) on Wednesday commended government for the gains made in its management of the Ghanaian economy in the past year.
As per the available data for 2016 and 2017, there has been an …
The Bank of Ghana (BoG) has explained that an Asset Quality Review (AQR) of uniBank Ghana Limited revealed some unscrupulous activities of the shareholders.
According the BoG, shareholders, related and connected parties had taken amount…
The Bank of Ghana (BoG) on Wednesday announced that it has revoked the licenses of five banks and put them together as Consolidated Bank Ghana Limited.
The Banks are uniBank Ghana Limited, The Royal Bank Limited, Beige Bank Limited, Sov…
The Governor of the Bank of Ghana (BoG), Dr Ernest Addison has assured clients of the five merged banks of the safety of their deposits.
The central bank announced today that BEIGE, Sovereign, Construction, UniBank and Royal Bank have b…
Godfrey L.L.P., Hausfeld LLP Announce Lawsuits
Susman Godfrey L.L.P. and Hausfeld LLP Announce Lawsuits and Settlements Totaling $340 Million That Impact Individuals and Institutions Who Owned a U.S. Dollar LIBOR-Based Instrument Betwee…
The Bank of Ghana has merged five banks into a Consolidated Bank of Ghana Limited.
The banks are BEIGE, Sovereign, Construction, UniBank and Royal Bank.
It follows the insolvency of the five banks after investigations by Bank of Ghan…
The latest economic data paints a grim picture for local businesses with the South African Chamber of Commerce and Industry (Sacci) Business Confidence Index dipping yet again to 93.7 index points after decreasing steadily from the 99.7 of…
MDXi is building a Data Centre ecosystem across West Africa with investments in its Tier III Lekki Data Centre in Lagos and upcoming investments in in Sagamu - Ogun State, Accra – Ghana, Abidjan - Cote D’Ivoire and Dakar - Senegal
West …
Google is developing a version of its search engine that will conform to China's censorship laws, reports say.
The company shut down the engine in 2010, complaining that free speech was being limited.
But online news site The Interce…
IFC, a member of the World Bank Group, has forged a new partnership with Gaia Energy to create a joint platform for the development of wind power and other renewable energy projects in Africa.
Gaia Energy is a Moroccan renewable energ…
A payment term of 30 days for African companies on the share of imports paid in cash would free up more than USD 33.5bn of additional working capital in 2018
With imports growing by +8% each year, this figure would reach USD 45bn in 2…
Member states of the Economic Comm-unity of West African States (ECOWAS) and the Economic Community of Central African States (ECCAS) have vowed to halt the increasing violence and cross-border crimes that threaten countries within the two…
Financial institutions in the country have positioned themselves to help businesses in the manufacturing sector to overcome their challenges, return to profit ways and expand to create more job opportunities.
Subsequently, the instituti…
The Construction Bank, an indigenous universal bank, is set to wind down its operations by the close of next month.
Although no reasons have been formally advanced for the closure, the bank seems to be the first to have fallen under the…
The Coordinator of Third World Network-Africa, Dr Yao Graham, has criticised the unabated ban on small-scale mining in the country, saying it was an illegality that violate the rights of miners.
He told the GRAPHIC BUSINESS that the ban…
Ghanaians travelling to the Hajj pilgrimage in Saudi Arabia this year can affordably stay connected to their families and loved ones back home as AirtelTigo is offering pilgrims free incoming calls and discounted rates on SMS and data to b…