GCB Bank Limited and Attijariwafa Bank Group (AWB), Morocco’s largest financial institution, have signed a Memorandum of Understanding (MOU) to broaden and consolidate financial transactions in Ghana, and countries within ECOWAS and beyond…
The cedi began 2018 on a bearish note, depreciating against all the three major trading currencies on the interbank currency market.
At the close of trading on January 5, the cedi had registered average depreciation of 0.24 per cent aga…
The Management of West Africa Mills Company Limited (WAMCO), a cocoa processing company in Takoradi has described as unfounded media reports that their short break in production was to lay off workers employed recently.
"The fate of the…
Samsung Electronics expects to deliver record profits for the last three months of 2017, but the estimate missed analyst expectations.
The world's biggest memory chip maker forecast operating earnings of 15.1 trillion won ($14.1bn; £10.…
GoldFields Ghana Limited (GFGL), operator of the Tarkwa gold mine, has clarified the misconception about its decision to adopt contract mining at the operations.
It said as the Tarkwa mine matured, it had to contend with the following c…
The focus of the anniversary event in its tenth year was on water, climate protection and digitization
Participation as partner for dialogue on the topics of water management and sustainability strategy of the German federal governme…
Bitcoin's eye-watering price surge over the past year is proving too tempting to resist despite fears that cryptocurrencies are a bubble floating towards an inevitable burst. One group for whom it holds particular appeal is African millenn…
Oil prices rose on Monday, coming close to three-year highs on a slight decline in the number of U.S. rigs drilling for new production and sustained OPEC output cuts.
U.S. West Texas Intermediate (WTI) crude futures CLc1 had risen to $6…
We're only finishing up the first trading week of 2018, and it's already proving eventful.
For starters, stocks are following through on 2017's uber-bullish price action. The Dow Jones Industrial Average crossed the 25,000 level for the…
Two high profile executives of the Overseas Private Investment Corporation (OPIC) , the United States agency that helps businesses invest in developing markets around the world, are in Accra to see the impact of its projects, as part of …
The UK's biggest carmaker, Jaguar Land Rover (JLR), has said sales hit a record high last year.
The company said Jaguar sold 178,601 cars, up 20% on the year before, while Land Rover sales rose 2% to 442,508.
JLR said sales had more …
The Food and Drugs Authority (FDA) has reminded the media, advertisers, manufacturers and importers of alcoholic beverages that advertisements on alcoholic beverages are supposed to be aired from 2000 hours to 0600 hours only.
A stateme…
The price of a single bitcoin on Monday continued to back away from the $17,000 level it reached over the weekend, while another cryptocurrency, Ethereum’s ether, tapped a new high above $1,200.
On Monday, the bitcoin spot price BTCUSD,…
Shares in baby goods retailer Mothercare have fallen by more than a quarter after it warned of substantially lower annual profits.
The firm saw a big fall in sales over the crucial Christmas trading period. Like-for-like sales fell 7.2%…
Emirates [EMIRA.UL] and Etihad Airways signed a security pact on Monday to share information and intelligence, the first agreement between the two rival airlines based in the United Arab Emirates (UAE).
Emirates and Etihad, backed by th…
The U.S. Securities and Exchange Commission warned Thursday that investors should “exercise caution” with cryptocurrencies like bitcoin, noting state and federal regulators may not be able to recoup any lost investments from illegal actors…
Investors are gaining confidence - up to a point - that 2018 will be the year of oil stocks.
While shares in top energy companies have risen since mid-2017, they have failed to keep step with recovering crude markets, opening up a histo…
Online shopping is skyrocketing. So what are cities going to do about it?
By the time veteran UPS driver Thomas "Tommy" Chu leaves work, he will have picked up and delivered hundreds of packages in New York City, making some 16 stops an…
The Entrepreneurs Foundation of Ghana (EFG), has opened nominations for the eight edition of Ghana Entrepreneur and Corporate Executive Awards (GECEA) 2018, which is expected to close on January 31, this year.
The award is an initiative…
Mrs Mariam Iddrisu, the District Chief Executive (DCE) for Sagnarigu, has ended the tour of communities in the district with a call on investors to take advantage of the investment opportunities in the area.
She named the Bricks and Til…
The Saviour Church of Ghana, as part of efforts to promote rural economic activities has established the East Akyem Rural Bank Limited, at Osiem.
The Savior church, which initiated the move for the bank, owns about 50 percent of the sha…
The Ghana Stock Exchange (GSE), has explained that its action against some non-performing listed companies is in line with its listing rules for poor financial performance and inability to hold annual general meetings.
In a statement, t…
Oil-producing country to establish currency band for kwanza
Nation to renegotiate debts; dollar-denominated bonds fall
Angola is planning to give freer reign to its currency and end a foreign-exchange scarcity that ha…
A Trainer-of-Trainers workshop for the roll-out of a nationwide financial inclusion drive to deliver an appreciable spike in the coverage of financial services has been concluded.
The successful end of the workshop paves the way for the…
Zacks Rank #1 (Strong Buy) stocks have a long and demonstrable history of outperforming the market over a 1-3 month time period. This unique ranking is only bestowed upon the top 5% of all stocks within the Zacks Rank universe. Not only …
The Ministry of Business Development will move the training of entreprenuers who applied under the Business Plan Competition to the northern part of the country from Monday, January 8, 2018.
The training, which will cover the three Nort…
Mr Adama Taoko, Policy Officer and Agriculture Economist, FAO Regional Office for Africa, has called on government to significantly increase investment in the Agriculture sector, especially in areas that will boost nutrition.
He said it…
China is issuing long-term visas to lure highly skilled people from abroad to work in the country.
The multi-entry visas will be valid for between five and 10 years, according to state media.
Technology leaders, entrepreneurs and sci…
The management of the Ghana Trade Fair Company (GTFC), has put in place measures to revamp the company to regain its past glory.
As part of the measures, it has put in place an aggressive revenue collection plan to retrieve arrears of o…
The Second Deputy Governor of the Bank of Ghana (BoG), Dr Johnson Asiama has resigned.
His resignation took effect on Tuesday, January 02, 2018.
It is however unclear what reasons may have led to the early resignation of Dr Asiama.
…
As part of activities marking the 10th Anniversary celebration of MTN Ghana Foundation, MTN staff volunteers have distributed 140 hampers to babies born on Christmas day in selected hospitals across the country.
The hampers, each compri…
The Our Lady of Mercy Community Services, a Non-Governmental Organization (NGO), working in the Navrongo Municipality in the Upper East Region has trained young girls in various vocational skills and entrepreneurship development.
The…
The National Investment Bank (NIB) has expressed its commitment to further provide support for the capitalisation of indigenous companies.
This, according to the bank, would enhance job creation and make them viable in their respective …
Oil rose to its highest since May 2015 on Thursday, supported by unrest in Iran that has raised concerns about supply risks, cold weather in the United States which is boosting demand and OPEC-led output cuts.
Six days of anti-governmen…
Welcome to Episode #75 of the Value Investor Podcast
Every week, Tracey Ryniec, the editor of Zacks Value Investor portfolio service, shares some of her top value investing tips and stock picks.
Happy New Year!
It’s finally 2018 a…
Indian prime minister Narendra Modi faced his toughest year on the economic front in 2017. The BBC's Sameer Hashmi looks back at the year's key economic moments to predict what 2018 might look like.
Only a year ago it seemed like India …
Plans for the way farming subsidies will be dealt with after Brexit have been set out by Michael Gove.
Farmers will receive payments for "public goods", such as access to the countryside and planting meadows.
The environment secretar…
The National Commission for Civic Education (NCCE) in collaboration with the Ghana Revenue Authority (GRA) has carried out tax education within communities in the Krachi Nchumuru District to get citizens to honour their tax obligation for …
Sales of electric and hybrid cars rose above half of new registrations in Norway in 2017, a record aided by generous subsidies that extended the country’s lead in shifting from fossil-fuel engines, data showed on Wednesday.
…
Gold hit its highest since late September on Tuesday, extending a year-end rally that saw the metal rise 4.4 percent in the last three weeks of 2017, as a further retreat in the dollar drove prices above $1,310 an ounce.
Palladium price…
Premier League leaders Manchester City have more financial firepower than any other club in world football, according to a new ranking.
Event organiser Soccerex, which compiled the list, says the club has the biggest economic growth pot…
Activities at most bus terminals in Accra is not as brisk as expected after the yuletide, a visit by the Ghana News Agency on Wednesday has revealed.
At the Neoplan station, Circle, there was virtually no sign of passengers arriving fro…
Ecalcitrant debtors of the Microfinance and Small Loans Centre (MASLOC) have started redeeming their debt obligations to the centre following threats by the centre to publish their names in the national newspapers.
So far, MASLOC has re…
Amazon.com Inc (AMZN.O) and Alphabet Inc’s (GOOGL.O) Google both discounted their virtual assistant speakers so deeply over the holiday shopping season that they likely lost a few dollars per unit, highlighting a sharply different strategy…
The US has blocked the $1.2bn (£880m) sale of money transfer firm Moneygram to China's Ant Financial, the digital payments arm of Alibaba.
It is the highest profile Chinese deal to be rejected by Washington since Donald Trump came to po…
Banks will have to go through radical change to survive amid challenges from technology firms, according to one bank boss.
New rules known as Open Banking could see some banks disappear over time, says Clydesdale and Yorkshire Banking G…
The Ghana National Chamber of Commerce and Industry (GCNCI) is working out strategies to partner with foreign investors to maximise the benefits from the implementation of the Government’s One District One Factory (1D1F) Programme.
Th…
The Bloomberg Guide to the Ghanaian Economy in 2018 Report has painted a positive picture about the country’s economic prospects, saying the economy grew 9.3 per cent in the third quarter of last year as oil production increased.
It sai…
Egypt's top imam has endorsed a ban on trading in Bitcoin by declaring it "forbidden" by Islam.
Sheikh Shawki Allam, the Grand Mutfi, said the digital crypto-currency carried risks of "fraudulence, lack of knowledge, and cheating".
B…
Euro zone factories ended 2017 growing at their fastest pace in more than two decades while performance in Asia was more uneven, with its third-largest economy India leading the field and manufacturing giant China unexpectedly resilient.
…
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