The Bank of Ghana (BoG), says credit to the private sector by banks grew steadily from 6.8 per cent in August 2017 to 12.8 per cent in December, on year-on-year basis, reflecting recovery from the slack in the first half year.
“The grad…
Sales of new U.S. single-family homes fell more than expected in December, recording their biggest drop in nearly 1-1/2 years, likely as the boost from the replacement of flood-damaged houses in parts of the South affected by hurricanes fa…
Caterpillar Inc’s profit trounced forecasts for the seventh straight quarter on Thursday as buoyant global demand from construction, mining and energy industries drove a 35-percent surge in equipment sales.
Caterpillar said it saw “posi…
Two Canadian marijuana growers are hoping to get high on profit after agreeing to merge and create a $6bn (£4.2bn) company.
Aurora Cannabis is buying smaller pot producer CanniMed Therapeutics after a far-from-mellow takeover battle bet…
An energy sector policy analyst, Dr Steve Manteaw, has urged Ghanaians to be cautiously optimistic about the recently signed oil contract between Exxon Mobil Corporation (ExxonMobil) and the government.
He said although the terms …
The Ghana Cocoa Board (COCOBOD) has described as untrue media reports that cocoa bean importers in Japan have rejected cocoa exports from Ghana after detecting a foreign chemical in a consignment.
The board said although the chemi…
The total asset base of banks increased to GH¢93.2 billion in December 2017, indicating an annual growth of 12.8 per cent compared with the 30.4 per cent growth recorded in 2016, the Bank of Ghana has said.
The central bank explained th…
The Supreme Court has slated March 14 to rule on a review application filed by Standard Bank Offshore Company Limited in a matter relating to the dismissal of a 60 million dollar judgment debt entered against the National Investment Bank (…
Bitcoin was envisioned as a “peer-to-peer electronic cash system” in Satoshi Nakamoto’s original 2008 white paper, and one of its biggest appeals was frictionless international payments. Bitcoin promised shorter transfer times and lower tr…
The UMB has called on its numerous customers and the public to watch out for its latest product to be launched this year on the market.
Mr John Awuah, the Chief Executive Officer of UMB, said: “the UMB mobile app is not like some apps …
The nationwide Digital Terrestrial Television (DTT) switch will commence in March this year, the Ministry of Communications has revealed.
A Deputy Minister of Communications, Mr George Nenyi Andah, made the announcement during the offic…
The fourth edition of Ghacem’s Quarry Life Awards (QLA) Campaign, has begun with the finalists keen on embarking on transformational projects.
The QLA Campaign, organised by the HeidelbergCement (HC) and its subsidiaries across the glob…
Millennials may be the most connected generation yet, but that doesn’t mean they’re the smartest when it comes to keeping their data safe. According to a new report by cybersecurity firm Symantec (SYMC), makers of Norton antivirus software…
Kleenex-maker Kimberly-Clark has said it will close or sell 10 manufacturing plants and cut at least 5,000 jobs - about 12% of its workforce.
The move comes as the Texas company struggles to lift sales. In the fourth quarter of 2017, sa…
The devastating fall armyworm which has destroyed large tracts of farms in the country cannot leave Ghana as they have come to stay, the Director of Pest and Diseases Management of Plant Protection and Regulatory Services Directorate of th…
About 745,000 jobs were created in the agricultural sector value chain under the Planting for Food and Jobs programme last year, the Minister of Food and Agriculture, Dr Owusu Afriyie Akoto has said.
The figure includes the 202,00…
Young Civil Engineer, Shamiso Kumbirai, at global engineering and infrastructure advisory company Aurecon, has been chosen to represent Southern African youth at the World Economic Forum (WEF), which is taking place in Davos on 23 – 26 Jan…
Dangote’s Multi-Million Naira Unibadan Business School Ready Soon This venture is part of a N2 billion investment by the Aliko Dangote Foundation, across various institutions, in support of Tertiary education in Nigeria.
Foremost entrep…
Telecom company, AirtelTigo, says it aims to provide superior customer experience with improved network coverage, which creates a meaningful differentiation from its competitors.
“Through our combined network, we will offer wider and im…
Cargo Tracking Notes (CTN) Ghana Ltd has assured importers and their clearing agents that its new advanced cargo information system will not come with additional costs.
A Management Consultant, Mr Geoffrey Nyarko Cole, at a forum with m…
Bank of Ghana kept its benchmark interest rate unchanged at 20 per cent on Monday, citing the need to keep inflation within its medium-term target of 8 per cent plus or minus two percentage points.
Governor of the Bank, Dr Ernest Addiso…
The UMB, will this year, partner strongly with the Ghana Journalists Association (GJA) to organise a media workshop, as part efforts to build the capacity of journalists, especially business reporters.
Mr John Awuah, the Chief Executive…
Kumasi City Mall, the Ashanti Region’s most fancied destination for affordable one-stop shopping and recreation, has added another attraction to its irresistible menu of entertainment – Ghana’s first ever world class ‘Watch-and-Dine’ Cinem…
Investors are getting a high-octane way to bet on or against the stock market’s technology leaders.
A new product aims to let investors triple the return of 10 stocks, including the so-called FANG stocks - Facebook Inc (FB.O), Amazon.co…
Telecommunications company AirtelTigo is set to expand its footprint in driving financial inclusion in the country with its mobile money service.
AirtelTigo, after the merger, now has a wider range of customers and the new company inten…
The Auditor-General has rejected a GH¢269-million bill presented by the Ministry of Energy (MoEn) as part of the government’s liability for various contracts undertaken by the ministry in 2016.
An audit of the government’s liabili…
The Chief Executive Officer of the telecom company, AirtelTigo, Roshi Motman, says the mobile operator is committed to providing an inclusive working environment in which everyone is treated fairly.
“We have great talents in both Airtel…
Nigerian President lauds Bank for standing tall among multilateral development banks and international financial institutions
The African Development Bank provided a much-needed lifeline at a time when it was very difficult to secure bu…
We think being the largest shareholder of the Bank since inception, and the country with one of the largest portfolio of its projects, Nigeria, is the natural and logical place for the Bank's regional hub. Kemi Adeosun, Nigeria's Minister …
Mr Theophilus Gadzanku, the Executive Chairman, Environmental Development Group International (EDG), a group of consultants and infrastructure engineers, has called on Municipal and District Assemblies in the Volta Region to patronize loca…
Tang Palace Hotel was adjudged hotel of the year for 2017 at the 3rd annual Ghana Hotels Association in Accra at the weekend.
Kempinski Hotel won the five star Hotel of the Year, Best Western Plus Atlantic Hotel in the Western Region wo…
The Ghana Revenue Authority (GRA) is to collect a tax revenue of GH C39.8 billion for 2018, representing an anticipated increase of 23.26 per cent over the 2017 collection of GHC 32.3 billion.
Speaking at a media soiree on Friday, the C…
The Bank of Ghana has announced that trading and using the popular cryptocurrency in the country is illegal and not recognized as a legitimate form of currency in the country.
According to the Governor of Ghana's central bank, Dr …
The Mankrado of Boso-Gua Traditional Area, Osabarima Agyemang Oboahyia Kumnipa II, has called on the government to invest in irrigation farming to ensure food security for the country.
He said the government’s ‘’Planting for food and jo…
Over 600 indigenous and international exhibitors are expected to participate in the 22nd Ghana International Trade Fair scheduled to open on February 28 and close on March 7 this year.
The event, which is being organised by the Ghana …
The 69th Annual New Year School and Conference, organised by the School of Continuing and Distance Education, College of Humanities, University of Ghana, has ended in Accra.
The event which spanned January 15 – January 19, recorded an u…
A key factor inhibiting Ghanaian businesses from accessing the African Growth and Opportunity Act (AGOA) is the lack of adherence to standards, the Director General of the Ghana Standards Authority (GSA), Prof. Alex Dodoo, has observed.
…
MTN, Africa's biggest mobile operator, is gunning to become Africa's biggest bank.
The ambitious business strategy was revealed by MTN CEO Rob Shuter yesterday during the Deloitte Africa in 2018 Outlook conference in Woodmead.
…
Ethiopian Airlines have availed its mobile application in the apple store and Google Play for customers. A statement issued by Mrs Aniley Eshetu, Assistant Manager Corporate Communications, Ethiopian Airlines said customers would have to d…
Is bitcoin real? Who’s in charge? And what will the price be at the end of 2018?
These are a few of the 3,500 questions Yahoo Finance readers asked when we ran a survey on bitcoin and asked what was on people’s minds. Many respondents a…
A group of investors led by SoftBank Group Corp (9984.T) closed a deal with Uber Technologies Inc [UBER.UL] on Thursday, making SoftBank the largest stakeholder in the ride-services firm and providing a much-needed boost to controversy-rid…
Ashanti Gold has announced results from its recent soil sampling program on the Anumso project in Ghana.
Results from 1,797 soil geochemical samples designed to test for gold mineralization along gold-bearing Banket conglomerate stratig…
The Ghana Standards Authority is spearheading efforts to seek effective ways the Textile industry in Ghana can improve market access under the African Growth and Opportunity Act (AGOA) through adherence to standards.
Since the introduc…
Ethiopian Airlines, the largest Aviation Group in Africa and SKYTRAX, a certified Four Star Global Airline, have finalized a shareholders agreement with the Government of Zambia for the re-launch of Zambia Airways.
A statement issued by…
If you bought a Bitcoin in early 2017, when one cost less than $900, you could have a profit of more than 1,200 percent now. But you almost certainly didn’t do that. Perhaps you dipped in a toe in November or December, as the price hit hea…
The Akyempim Rural Bank in the Central Region, has held its 31st Annual Shareholders Meeting at Gomoa-Dawurampong to discuss issues bothering the operational challenges facing the Bank.
The Board Members and some of the Shareholders who…
Mr Alex Cofie, the Chairman of the re-constituted Board of Directors of the Akyempim Rural Bank in the Central Region, has assured customers and stakeholders of the safety of their monies with the bank.
He said measures had been put in …
China's economy had its foot on the gas in 2017.
Official data published Thursday showed the world's second largest economy grew 6.9% last year, beating analysts' earlier expectations. The performance was helped by government stimulus a…
The International Air Transport Association (IATA) says the global aviation industry net profit will rise to $38.4billion in 2018, an improvement from the $34.5billion expected net profit in 2017.
A statement issued by IATA and copied t…
Professor Bill Puplampu, the Chairman of Board of Directors, the Royal Bank, has called on the Bank of Ghana (BoG) to consider a variation in the minimum capital requirement to meet the needs of local and indigenous banks in the country.
…
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