Investors poured a record $1.3 billion into funds managing tech shares over the past week, contrasting with a picture of ebbing inflow into world equity vehicles and losses on U.S. stock funds, Bank of America Merrill Lynch (BAML) said on …
Uganda is often called one of the best places in the world to be a refugee because of its welcoming policies. But how do you rebuild your life - and start making money - having left everything you knew and held dear? The BBC's John Murphy …
A-four member Audit Committee for the Controller and Accountant – General’s Department (CAGD) was inaugurated with a call on members to take interest in the implementation of risks management strategies.
Mr Ken Ofori Atta, Minister of F…
The Fidelity Bank, joint technical advisors to the issuance of the energy sector bond, says the issuance of the bond witnessed a tremendous success recording GHC4.7 billion out of the GHC6 billion target, representing 85 per cent subscript…
On 8 November 2016, presidential candidate Donald Trump defied critics and pollsters alike with a surprise election win.
Many voters hoped a political outsider would boost their job prospects and revive embattled industries – so one yea…
Ghana 's cocoa production is expected to hit two million (2m) metric tonnes by 2019, Mr Joseph Boahen Aidoo, Chief Executive Officer (CEO) of COCOBOD has hinted.
He said the current total national capacity of 968,000 metric tonnes of…
Government is to send 58.95 million dollars on the printing of the stamps, including the purchase of servers and other maintenance activities for the implementation of the Tax Stamp Policy.
The amount is for a period of five years, with…
Gambia plans to market two offshore oil blocks that African Petroleum says it still legally holds, the country’s minister of justice said on Friday.
Norwegian-listed African Petroleum said in October it had launched arbitration proceedi…
Mr Prince Bagnaba Mba, President of Forum for National Equity, a non-profit making organisation has stated that unemployment was a time-bomb that could blast and escalate beyond the borders of the country if not properly handled.
“Most …
The UK's industrial output grew at its fastest pace so far this year in September, according to official figures.
Production rose by 0.7% compared with the month before, the Office for National Statistics (ONS) said, boosted by machiner…
Mr Ron Strikker, the Netherlands Ambassador to Ghana, has commended the GhanaVeg Programme for the efforts made that led to the lifting of the European Union ban on the export of the commodity to the EU market.
He said it has been the c…
The Entrepreneurs Foundation of Ghana (EFG), organisers of “Made in Ghana Awards and Business Quality Awards” on Thursday, announced the top 25 best quality Made in Ghana products as the world marks World Quality Day.
A statement issued…
The Mastercard Foundation has presented its third annual Clients at the Centre Prize to Jumo, the South African-based company as a large-scale, low-cost financial services marketplace that serves poor people.
A statement from Mastercard…
We have a shot at 12 initial public offerings this week, the busiest week of the year so far. One trend stands out: The Chinese are coming. And coming.
There are three Chinese IPOs this week. Three?
"It's a case of following the mone…
Kosmos Energy has announced the launch of a third component of its Kosmos Innovation Center program, known as the Kosmos Innovation Center (KIC) Business Booster.
The Kosmos Innovation Center Business Booster aims to help existing small…
The UK market was on track for its worst week in two months as retail shares continued to lose ground.
Shortly after midday, the benchmark FTSE 100 share index was down 39.97 points at 7,444.13.
Retail distribution group Bunzl was th…
Statistics has shown that at least 30 per cent of farm produce estimated at 700,000 dollars is lost annually through post-harvest losses, a situation which reduces incomes of farmers.
This tends to make farming unattractive, and inhibit…
The President and Executive Dean of Nobel International Business School (NiBS), Professor Kwaku Atuahene-Gima, has stated that one factor that is hampering the gains being made by today’s managers is the lack of evidence-based information …
Newmont Ahafo Mine of Newmont Ghana Gold Limited (NGGL) raked in US$1.03 billion proceeds in 2016, and paid US$78 million to the government as royalties and taxes.
According to Mr. Daniel Egya-Mensah, the Acting General Manager of the M…
Africa’s largest airline group, Ethiopian Airlines, will bring its newest plane B787-9 tagged the "Big Brother" to Accra Ghana on Friday, November, 10.
The Airline will also introduce its A350 aircraft to the Ghanaian routes from Tuesda…
The total number of mobile voice subscriptions recorded in July was 37,136,600, representing a percentage increase of 1.94 per cent from the previous month’s figure of 36,430,847, the National Communications Authority’s (NCA) latest report…
The government is working at extending the National Fiscal Stabilisation Levy (NFSL) in the 2018 budget, sources close to the process have told the Graphic Business in confidence.
It is, however, exploring the possibility of reducing th…
President of the Vegetable Exporters and Producers Association of Ghana (VEPAG) Mr. Joseph Tontoh has expressed relief at the lift of the ban on vegetable export from Ghana to the European market.
According to him, vegetable farmers acr…
President Donald Trump has said the US will no longer tolerate "chronic trade abuses", in a defiant address at the Asia-Pacific Economic Co-operation (Apec) summit in Vietnam.
He said he would always put US interests first and Apec nati…
The Petroleum Commission (PC) has warned companies engaged in transfer pricing, which impacts the economy negatively, to stop the practice immediately or face the wrath of the commission.
Transfer pricing is an inter-company pricing arr…
The Technical Economic Adviser to the Vice President, Dr. Gideon Boako, has slammed the Minority for their criticism of the recently issued energy sector bond, saying they had displayed “gross ignorance” with the statements they made.
T…
Turkish Airlines, which flies to more than 290 destinations around the world via its hub in Istanbul, is to start operating the ultra-modern wide bodied Airbus A330 on the Accra-Istanbul route starting December 1, 2017.
The deployment o…
US President Donald Trump has said he does not blame China for the "unfair" trade relationship between the countries, despite long railing against the economic imbalance.
Speaking in Beijing, he gave China "credit" for working to benefi…
Mr Kwesi Agyeman Busia, the Chief Executive Officer of the Driver and Vehicle Licensing Authority (DVLA), says only 61 per cent of drivers in the country are lawfully licensed and 60 per cent of vehicles on the road do not go through prope…
Mr Kwamena Duncan, the Central Regional Minister, has signed an economic partnership agreement with the United States of America (USA) based Hispanic Chamber of Commerce to promote trade and businesses in the region.
The Hispanic Chambe…
CalBank has warned of increased impairments in the future if the potential injection of fresh capital into the banking sector from banks meeting the Bank of Ghana’s minimum capital requirement is not properly used.
According to the Bank…
The annual consumer price inflation fell to 11.6 per cent in October from 12.2 per cent in September, while the monthly change rate in October was 0.9 per cent and that of September was 0.0 per cent.
Dr Baah Wadie, the Government Statis…
The Trump administration has reportedly demanded sale of assets such as CNN before it would approve an $85bn (£65bn) Time Warner and AT&T merger.
Reports of the negotiations came as an AT&T executive said he no longer expects the deal t…
Luxury goods retailer Burberry, best known for its trench coats and distinctive check pattern, is to close some stores and withdraw from outlets that are not upmarket enough.
The new strategy was announced along with its half-year resul…
Businesses have expressed optimism that the government will use the 2018 Budget and Economic Policy to announce a reduction in what they described as the high cost of power for industries to be more competitive.
They also want the finan…
Cal Bank Limited has hinted of the possibility of merging or acquiring a bank as part of moves to meet the GH¢400 million minimum capital requirement set by the Bank of Ghana (BoG).
In the event that any of the two options failed, the M…
Ghana’s exports to Morocco stood at $7.4 million as of 2016, representing less than one per cent of the country’s total exports, the Deputy Minister of Trade and Industry, Mr Carlos Kingsley Ahenkora, has said.
However, imports from Mor…
The National Petroleum Authority (NPA) has given indications of an increment in prices of LPG products as government prepares to implement the Cylinder Re-circulation policy.
The Chief Executive Officer of the NPA, Hassan Tampuli, who m…
The Aliko Dangote Foundation is on a mission to reduce the prevalence of undernutrition by 60 percent in the most needy areas of Nigeria, specifically the North East and North West
The recently concluded Global Nutrition Summit 2017 (ht…
Speech by Abebe Aemro Selassie, Director, African Department, IMF The London School of Economics, London, November 6, 201
As prepared for Delivery
Good evening.
It is a pleasure to be with you all this evening and my thanks to…
SSE has confirmed it is merging its British domestic business with Npower to form a new energy company.
SSE, the UK's second-largest energy supplier, which also reported a big fall in its adjusted pre-tax profits of 13.9% in the six mon…
Some of the most important parts of our modern economy can't be seen - but they can be heard.
That's what one Peruvian economist concluded while walking through the idyllic rice fields of Bali, Indonesia, in the 1990s.
As he passed o…
Government will establish a high-level Financial Stability Council, with the view of strengthening and institutionalising mechanisms for maintaining financial stability, financial sector development, inter-regulatory development and coordi…
Deloitte, the leading professional service firm in the world on Tuesday issued a call-to-action for companies to reconsider their organisational structure, talent and human resource (HR) strategies to keep pace with the digital revolution.…
Dr Alfred Oko Vanderpuije, the Member of Parliament (MP) for Ablekuma South, has launched a business programme aimed at creating a private sector growth through a long-term partnership with the United States.
The programme, which was fa…
India’s long-term economic prospects were promising due to high savings and investment rates, a young population and integration into the global economy
South Africa can learn a lot from India, its fellow BRICS member which has achi…
The Ghana Institute of Procurement and Supply (GIPS) has launched a Code of Ethics and Conduct for procurement professionals and practitioners.
Mr Collins Agyemang Sarpong, the President of the Ghana Institute of Procurement and Supply,…
Let's talk about the last five weeks in the market.
In early October, I said it was all about the market breadth. As long as breadth stayed strong, the market was OK. Of course, it began to weaken. But it took two weeks for it to be a…
Ghana’s burgeoning online business community will once again meet in Accra for the 4th Ghana eCommerce Expo and Conference on 23-24 November 2017, under the theme, “Shaping Ghana’s eCommerce Landscape through Innovation, Regulation and Ado…
Japan's Toyota has reversed an earlier forecast of lower annual profits.
It said it now expected profits for the full year to be 1.95 trillion yen ($17bn), after a previous forecast of 1.83tn yen of annual net income.
The revised for…