Mr Stephen Oduro, Managing Director of SIC Insurance Company Limited on Wednesday said the insurance industry in Ghana continued to grapple with challenges such as penetration and fierce competition among players.
He said in spite of t…
Vice President Dr Mahamudu Bawumia, on Wednesday said policies and programmes being implemented by the government are intended to address the age-long issues of geographical exclusion from national development.
He noted that policies su…
The pound has fallen below $1.29 for the first time in almost a year on continuing worries Britain will leave the EU without a trade deal.
Sterling also hit a nine-month low against the euro, and was down against the yen and Swiss franc…
China is slapping additional tariffs of 25 percent on $16 billion worth of U.S. imports from fuel and steel products to autos and medical equipment, the Chinese commerce ministry said, as the world’s largest economies escalated their trade…
U.S. regulators are asking Tesla Inc (TSLA.O) why Chief Executive Elon Musk announced his plan to take the electric carmaker private on Twitter and whether his statement was truthful, the Wall Street Journal reported on Wednesday.
Musk …
The latest developments in the banking sector should be a wake-up call for the central bank to critically sanitise the entire financial services sector to prevent the collapse of the system, an international investment consultant, Dr Sam A…
The Ghana National Chamber of Commerce and Industry (GNCCI) has charged the Bank of Ghana (BoG) to strengthen its supervisory and regulatory mechanism in order to build safe, sound, and stable banking sector in the country.
The statemen…
The management of gold dealing firm Menzgold Ghana, has assured the public that their investments with the company are safe and that it will continue to deliver the best of service to its customers in Ghana and beyond.
In a riposte to a…
Federated Investors, Inc. and International Islamic Trade Finance Corporation to Develop a Trade-Finance Portfolio Focused on Sovereign Energy Sector
The portfolio will be Shari’ah compliant with investments realized through transaction…
The Ministry of Trade and Industry (MOTI) is requesting an additional loan of US$40 million from the International Fund for Agricultural Development (IFAD) to finance the Rural Enterprise Programme (REP).
The loan amount, however, has a…
Nippon Telegraph and Telephone Corporation (NTT Corporation) (TOKYO: 9432) is pleased to announce several initiatives to be implemented soon. These steps will help us become more competitive and profitable, and create new ways of serving c…
Halton Group, a global indoor air company, has acquired the business activities and product design rights of LCSystems Inc., a family company from Kentucky in the United States that manufactures supply and exhaust air equipment for profe…
Professor John Gatsi, the Head of Finance Department, University of Cape Coast, on Tuesday said the Bank of Ghana (BoG) failed to undertake broader stakeholder consultations before starting the indigenous banks’ recapitalisation exercise.
…
Mr Park Jae Heung, the Deputy Director of Korea Rural Community Corporation on Tuesday urged government to clarify land acquisition and compensation issues in the country, to impact on agricultural development.
He said the clarification…
The Russian rouble has slumped to its lowest level since November 2016, hours after the US announced new sanctions because of the poisoning of an ex-Russian spy and his daughter in the UK.
The rouble-dollar rate reached 66.7 on the Mosc…
The Ghana National Chamber of Commerce and Industry (GNCCI) on Tuesday lauded the actions of the Bank of Ghana (BoG) to consolidate five banks into one entity, saying the move will prevent a major crisis in the financial sector.
A state…
The opportunity to obtain 10% yields across different sectors has made Francophone Africa attractive for Cornet compared to Europe
"The market is still growing at a faster clip than the rest of the World." - JD Diabira, CEO of BHCI.
…
Mr Delali Oklu, General Manager of the Electricity Company of Ghana (ECG), Volta Region, said the Company will be extending prepaid metres to all its customers in the Region.
He said though the venture was expensive, they were in talks …
The leadership of Peasant Farmers Association of Ghana (PFAG), on Wednesday commenced a two-day inception workshop for members and stakeholders towards the implementation of a new two-year project.The new project, which starts from this ye…
The Ghana Cocoa Board (COCOBOD) is to pump 600 million dollars into the cocoa sector industry to resuscitate the sector in the country, Mr Joseph Boahen Aidoo, the Chief Executive of COCOBOD announced on Tuesday.
He said the Board had a…
The Ghana Stock Exchange (GSE) on the second week of August trading opened with ten equities experiencing activities in their shares with only one price change; the GSE-Composite Index thus edged by 0.03 per cent to close at 2,936.7 points…
Mr Edward Forkua Kyei, Managing Director of CLICO Life on Tuesday disclosed that Life Insurance products, especially funeral policy, is becoming popular in Ghana.
“With these kinds of products, which we classify under insurance and inve…
The Tema Metropolitan Assembly (TMA) recorded a 126 per cent property rate collection over the estimated GHC10.8 million, for 2017. Mr Felix Mensah Nii Anang-La, Tema Metropolitan Chief Executive said his outfit collected GHC13,6 million…
The Bank of Ghana (BoG) Governor, Dr Ernest Addison, says he has had a tough time cracking the whip on underperforming banks in the country, explaining that the aftermath of the decision risk threatening the loyalty of his friendships.
…
Disparate consumer sentiment across West Africa means that while Nigeria’s Consumer Confidence Index (CCI) for the second quarter of 2018 has risen a very healthy nine points to 122, Ghana’s CCI for the same quarter has fallen 12 points to…
Merck Foundation continues to strengthen their Merck Cancer Access Program in Gambia, Lesotho, Botswana and Zimbabwe
Merck Cancer Access Program builds cancer care capacity, supports the implementation and development of specialized hea…
Ghanaians has been urged to take advantage of the bothie feature on Nokia Android smartphones 6.1 and 7 Plus to share both front and back cameras simultaneously for split-screen photos and video with friends.
This would enable people to…
The Bank of Ghana (BoG) has stated that directors and shareholders of the five collapsed banks will be stripped of any future role in the banking sector once they are found guilty by a court of competent jurisdiction.
Many officials of …
The owner of gold buying firm Menzgold Ghana Limited, Nana Appiah Mensah has described a public notice by the Bank of Ghana which stated that his company is breaching section 6 (1) of the Banks and Specialised Deposit-Taking Institutions…
Mr Michael Okyere Berko, Chief Executive Officer of the Ghana Free Zones Authority (GFZA), has said that currently the new strategy of the authority is to embark on more targeted marketing by identifying potential businesses both locally a…
Nestle Ghana has appointed Mrs Philomina Tan, the Business Executive Officer (BEO) for Milo for Malaysia and Singapore as its new Managing Director.
A statement issued in Accra on Monday, said her appointment takes effect from August 20…
A communique issued by participants at the end of a day's workshop organised by Passionate Africa Leadership Institute (PALI) has urged the Government to set up a Citizen Commission.
The policy advocacy forum dubbed "Public Interest Con…
The Ghana Cocoa Board (COCOBOD) says it would introduce the use of organic fertilizer as a new soil enrichment strategy on cocoa farms. Mr Joseph Boahen Aidoo, Chief Executive of COCOBOD said the use of chemicals and weedicides over the ye…
Ghanaian Minister for Foreign Affairs and Regional Integration, Ms Shirley Ayorkor-Botchwey, has said Nigerian traders were not affected by the recent quit notice to foreigners to vacate the country’s retail markets.
Botchwey said this …
Ninety-four (94) out of the 141 Rural and Community Banks in the Country have met the GHC1 million new capital requirement of the Bank of Ghana (BOG), Mr Kojo Mattah, the Managing Director of the ARB Apex Bank has announced.
He urged th…
The Ministry of Transport is considering alternative transport solutions such as podway, cable car and shuttle passenger services by sea, as a way of providing a dynamic transport services for the country.
This was disclosed by the sect…
SIC Insurance Company Limited one of the oldest insurance companies in Ghana, at the weekend, launched an Insurance Penetration Revolution Roadmap, which seeks to increase its market share across all sectors of the economy.
The SIC Insu…
The Vice President, Dr Mahamudu Bawumia has announced that government is pursuing aggressive strategies in all sectors of the economy to propel 'Ghana beyond Aid'.
He said the road, housing and infrastructure, technology and innovation …
The African Development Bank Group is pleased to announce the appointment of Dr. Mateus Magala as Vice President for Corporate Services and Human Resources, effective from September 1, 2018
He worked earlier at the African Development B…
The African Development Bank Group is pleased to announce the appointment of Dr Kapil Kapoor as Director General, Southern Africa Regional Development and Business Delivery Office
He has led numerous development initiatives in diverse c…
Watts Miners (www.wminers.com) today announces it is steadily emerging as the next big name in the thriving global market for cryptocurrency mining. The company recently launched three crypto miners equipped with hash rate powers that are …
Scancom PLC (MTN Ghana) announces the close of its Initial Public Share Offer (IPO) which was launched on 29th May 2018 to sell up to 4,637,394,533 ordinary shares, representing 35% of MTN Ghana. As per the IPO Prospectus, the minimum numb…
Starbucks and Alibaba Group Form Strategic Partnership to Transform the Customer Experience in the Coffee Industry in China
Marking a significant milestone for the two companies, Starbucks and Alibaba poised to enable a seamless Star…
Vivo Energy Ghana, the company that distributes and markets Shell-branded fuels and lubricants, has inaugurated an ultra-modern Shell service station at Westlands in the West Legon locality, to offer employment opportunities for youths wit…
Paylater, the mobile app providing Nigerian consumers with access to credit, has reached 1 million downloads
Paylater is issuing loans to Nigerians completely digitally, without seeing or speaking to customers
In Nigeria, a country o…
On reforming democracy, the international economist argued that citizens should have to take a test in order to vote
The bestselling author goes Head to Head with Mehdi Hasan at the Oxford Union:
Argues that it is “mad, it’s crazy…
In nearly 50 years of partnership, the African Development Bank Group has provided over US$10 billion in development financing to Morocco
The President of the African Development Bank Group (AfDB.org), Dr. Akinwumi Adesina, participated…
Ecobank Ghana and MasterCard have jointly rewarded customers for their loyalty to the use of MasterCard for purchases, instead of cash. The two institutions jointly launched a consumer sales promotion drive dubbed “The Ecobank-MasterCard P…
PepsiCo chief executive Indra Nooyi is to step down after 12 years at the helm.
She is among the world's most prominent female business leaders and has consistently appeared on Forbes' list of the 100 most powerful women, ranking 11th i…
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…
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