China’s Bitmain Technologies is eyeing bitcoin mining sites in Quebec, a company spokesman told Reuters, as expectations of a potential Chinese crackdown on cryptocurrency mining make the energy-rich Canadian province an attractive alterna…
Ghana will participate in Regional Energy Co-operation Summit 2018 slated for Abidjan, Cote d’Ivoire, from January 24 to 25.
The summit will establish the roadmap for sustainable electricity trade in ECOWAS’ booming gas and energy marke…
Oil driller Tullow says daily production from its flagship operated asset TEN fields, in the deep waters offshore Ghana, will go up by 12.5 per cent this year.
The UK oil firm forecast an average production of 75,800 barrels per day (bo…
Vivo Energy Ghana, the sole distributor and marketer of Shell branded fuels and lubricants has unveiled its modern shop brand, ‘Welcome’ to offer convenience, variety, and optimum customer satisfaction to its clients.
The shops come wit…
The Food and Drugs Authority (FDA) says media outlets and persons that would be found culpable of flouting its directive on prohibition of advertisement of alcoholic beverages would spend between 15 and 35 years imprisonment. Media outlets…
Ralph Lauren Corporation RL has been facing difficulties due to issues at its North America business segment, which is persistently delivering dismal results. However, the company posted solid results in the second-quarter fiscal 2018.
…
JPMorgan Chase & Co (JPM.N), the biggest U.S. bank by assets, reported a higher-than-expected quarterly profit on Friday as gains in net interest income offset a slowdown in trading revenue.
The bank recorded a $2.4 billion charge to co…
The Kumasi Metropolitan Assembly (KMA) has taken steps to improve its revenue collection performance as it builds reliable data on all businesses across the metropolis.
The activity is being carried out by its Revenue Enhancement Team, …
President Nana Addo Dankwa Akufo-Addo has declared the government’s intention to revamp the palm oil industry, with best practices from Malaysia.
He said the Asian country which, according to legend, received its first palm seedling fro…
The Public Interest and Accountability Committee (PIAC) has called for closer collaboration between the Ghana Revenue Authority (GRA) and the Petroleum Commission (PC) to ensure that oil exploration companies accurately pay surface rental …
China has shut down the Chinese websites of Marriott International for a week, after the firm listed Tibet and others as separate countries.
The hotel group has apologised for the error and said it did not support separatist movements i…
First National Bank (FNB) has appointed Ms Hannah Annobil-Acquah as Head of Retail Banking.
Mrs Annobil-Acquah brings on board a wealth of experience in retail banking, having worked in various roles in the sector for over a decade.
…
Hundreds of youth entrepreneurs in Wa have received entrepreneurship training aimed at building their capacities to develop and submit workable business plans for the National Entrepreneurship and Innovation Plan (NEIP) programme competiti…
The Ghana Standards Authority (GSA) under the auspices of the Ministry of Trade and Industry has called for strict enforcement of legislations on second hand goods such as handkerchiefs, underpants, mattresses and sanitary ware.
A state…
The Passionate Africa Leadership Institute (PALI) for Leadership and People Development, says for Africa to experience a turnaround in its economic fortunes and industrialisation drive, it must prioritise entrepreneurship and innovation am…
The Kumbungu District Directorate of the National Commission for Civic Education (NCCE) has intensified the education on tax payment to increase the country's revenue.
Mr Mohammed Abukari, the Acting District Director, speaking at separ…
The year-on-year inflation rate inched up to 11.8 per cent in December from the 11.7 per cent recorded in November 2017.
Mr Baah Wadieh, Acting Government Statistician, attributed the rise to an increase in the rates of inflation for th…
A recent study conducted by the Political Science Department of the University of Ghana has shown that there is a divided public opinion on the economic performance of government.
Dr Bossman Asare, Head of the Political Science Departme…
The National Commission for Civic Education (NCCE) in collaboration with the Ghana Revenue Authority (GRA) has extended its tax compliance education to business people in the Bongo District of the Upper East Region.
The two institutions…
South Korea is considering a law to ban cryptocurrencies such as Bitcoin being traded on local exchanges.
Justice Minister Park Sang-ki said virtual currencies were "great concerns" and that the ministry was preparing a bill to ban trad…
Empowering farmers to increase productivity, improve crop quality and access reliable markets is critical to addressing post-harvest losses and enhancing employment opportunities for the youth in the county.
While the government has put…
Investor confidence in the upstream petroleum sector has shot up following Ghana’s recent victory at the International Tribunal for the Laws of the Sea (ITLOS).
According to the Minister of Energy, Mr Boakye Agyarko, the definite nature…
The Ghana Stock Exchange (GSE) has registered a strong comeback in its performance by successfully reversing the negative returns recorded in 2015 and 2016 to post a resounding 52.73 per cent year-to-date return to investors last year.
…
Key decision makers from MTN, Vodacom, Econet Wireless, Safaricom, Millicom, Convergence Partners, Standard Bank, MainOne and Rand Merchant Bank are among the first key speakers announced for TMT Finance Africa in Cape Town 2018, which is …
MTN Ghana Foundation, the CSR arm of MTN Ghana has been adjudged ‘Foundation Of The Year’ 2017 at the Sustainability and Social Investment Awards held in Accra.
In a citation, MTN Ghana Foundation was eulogized for its achievements du…
Chinese telecommunications giant Huawei says it has not been able to strike a deal to sell its new smartphone via a US carrier.
It was widely reported to have been in talks to release its flagship Mate 10 Pro device with AT&T.
But in…
The Omanhene of Lower Dixcove traditional Council, Nana Kwesi Agyemang IX has admonished fishermen to desist from fishing along the nation's oil rigs.
According to him such practices pose potential life threats to themselves and also im…
The total volume of goods shipped through the country’s two seaports grew by 5.45 per cent in the first half of 2017 to 10.28 million tonnes in spite of a 1.27 per cent decline in transit trade.
The development was also in spite of 9.4 …
Shoppers should see the pace at which food prices are rising start to come down in the next six to nine months, the boss of Sainsbury's has predicted.
Mike Coupe said supermarkets were "over the hump" of inflation driven by the fall in …
The World Bank says global economic growth is likely to speed up this year, after a stronger than expected 2017.
The bank's new forecast is that the world economy will expand by 3.1% this year before slowing slightly.
It will be the …
The Environmental Protection Agency (EPA) has allayed fears of displacement of people in the Keta Basin in the Volta Region in the wake of onshore exploration.
According to the EPA, the anxiety is premature as studies to identify potent…
Uber partner drivers in Accra stood at more than 3,000 last year.
Subsequently, the company is working to begin its services in Kumasi in the Ashanti Region soon.
The Chief Brand Officer and Corporate Face of Uber, Ms Bozoma Saint Jo…
The Ghana Export and Import (EXIM) Bank has approved GH¢7.7million to finance the entire work on the Ekumfi Fruits & Juices Company Limited, located at Ekumfi Abor in the Central Region.
The first tranche has already been released and s…
Market analysts have applauded HFC Bank for successfully raising GH¢50.56 million on the Ghana Stock Exchange (GSE), describing the results of its recent rights issue as a good omen for listed banks interested in using the bourse to recapi…
The Nikkei index of 225 leading Japanese shares reached its highest level for 26 years at the end of trading on Tuesday.
It added 0.6% to its value to end at 23,849.99 when the markets reopened following a public holiday on Monday - its…
The Special Budget Committee in Parliament has said that the budgeted GH¢ 278.80 million for the Ghana Audit Service was inadequate for the service to effectively protect the public purse.
Out of a total requirement of GH¢313.48 million…
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%…
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