Amazon plans to shut its online store in China that allows shoppers to buy from local sellers as it downsizes operations in the country.
The firm said it would no longer run the domestic marketplace from July, but Chinese shoppers will …
Skyfox Limited, investors in agriculture has launched the second phase of its Integrated aquaculture and crop production programme at Donkorkrom in the Kwahu Afram Plains North District of the Eastern Region.
The launch was an extension…
The Ministry of Lands and Natural Resources is working with COCOBOD and the Licensed Cocoa Buying Companies (LCBs), to curtail the purchase of cocoa beans harvested from forest reserves.
The aim is to discourage farmers from illegally t…
The Social Security and National Insurance Trust (SSNIT) said the active contributor base of the Trust hits over 1.5 million workers who are mostly in the formal sector and a pensioner population of over 200,000.
However, we have over …
Huawei AI and smartphone technology to be used in eye hospitals around the world in partnership with leading eye institute.
Huawei has deployed its AI expertise with leading medical research bodies to help safeguard children's eyesight.…
The benchmark index climbed 4.92 points (+0.21%) higher due to gains in MTN Ghana (+1.45%) to close at 2,401.11 with a -6.65% year-to-date return. Market capitalization followed the market’s trend, up 0.08% to settle at GH¢59.40 billion.…
Access Bank Ghana has committed to aggressively growing its loan books due to the unattractiveness of the investment securities market.
At the Ghana Stock Exchange’s (GSE’s) Facts Behind the Figures on April 16, the Managing Director of…
The Atlantic American Partners (AAP) on Tuesday launched the United States (US) Federal Government EB-5 Investor Visa scheme in Ghana to both ease the migration processes of potential investors and refund of investment later.
The invest…
Ghana has been selected as the first Country in West Africa to Participate in Wines of South Sommelier World Cup grand finals slated for September 21, 2019 in Cape Town, South Africa.
A statement from the Organisers said the selection o…
Prof Aaron Michael Oquaye, the Speaker of Parliament has suggested to the ECOWAS Parliament to come out with mechanisms to reduce the high cost of transporting goods within the sub-region.
He identified the private sector as a formidabl…
Gold Coast Fund Management (GCFM) welcomes confirmation by the Security and Exchange Commission (SEC) that it is seriously engaging with the company to find a lasting solution to the liquidity crisis faced by it.
The Commission has reve…
Atlas identifies digital readiness and potential for six cities: Dubai, Los Angeles, London, Buenos Aires, Taipei and Johannesburg
Siemens (www.Siemens.co.za) has launched a new web-based application which reveals the readiness and pote…
U.S. stock index futures inched higher on Wednesday, buoyed by upbeat economic data from China, but gains were capped by disappointing quarterly reports from Netflix and IBM.
China’s economy grew at a steady 6.4 percent pace in the firs…
The EU has proposed tariffs on $20bn (£15bn) of US goods in a long-running dispute over Boeing aircraft subsidies.
The proposal comes after the WTO said earlier this month that the US had failed to remove some Boeing subsidies.
The E…
Importers and freight forwarders have appealed to government to implement a 21 day demurrage free period for clearing goods at the ports to significantly reduce the cost of port business.
"While I am commending government for reducing i…
The State of Israel has adopted a win-win investment drive for Africa, focusing on Agricultural Innovation Technology transfer, build-up of Information, Technology and Communication Infrastructure, and capacity building of the human capita…
Mr Amidu Issahaku Chinnia, the Deputy Upper West Regional Minster, has called for unwavering support towards implementation of myriad of development policies and programmes to alleviate poverty and improve living conditions, especially amo…
Members of the Parliamentary Select Committee of Mines and Energy have lauded the successful indigenisation of Ghana National Gas Company.
They pointed out that the indigenisation saved the country more $5,000 monthly being spent on exp…
Seedstars is partnering with First Growth Ventures to launch Seedstars Africa Ventures, a sub-Saharan Africa fund targeting $100mn to make early-stage minority investments from USD 250,000 to USD 5 million in the most promising and innovat…
Market Summary
Standard Chartered Bank (+0.05%) was the sole gainer at the session. The benchmark index moderated due to three counters in the banking and insurance sectors, down 4.16 points (-0.17%) to close at 2,396.18 with a -6.84%…
MultiChoice Africa is pleased to announce the partnership between its flagship initiative MultiChoice Talent Factory (MTF) and the New York Film Academy College of Visual & Performing Arts (NYFA), a world-renowned visual and performing art…
The Ghana Revenue Authority has held a sensitization seminar at the Coconut Grove Hotel in Accra to educate and solicit feedback on the proposed e-payment platform for Personal Income Tax, Vehicle Income Tax (VIT) and the Tax Stamp.
I…
Agriculture Fast Track Fund to launch 17 new projects in support of agribusiness SMEs in Ghana and seven other African countries
Who: The African Development Bank
What: Launch of 17 new grant projects funded by the Agriculture Fa…
Angola: African Development Bank organizes roadshow to whet investor interest ahead of Africa Investment Forum 2019
The African Development Bank has organised a roadshow to drum up support from Angolan investors ahead of the second edit…
Ghana Oil Company Limited (+9.09%) was the sole gainer at the session. Losses in five counters in the banking, telecom and agro processing sectors pulled the benchmark index down by 5.49 points (-0.23%) to close at 2,400.35 with a -6.68%…
INNOVATIVE STRATEGIES AND TECHNOLOGIES DRIVING ACCESS TO FINANCE IN WEST AFRICA
By Central Bank of Nigeria’s Director of Development Finance Department, Dr. Mudashiru Olaitan
The key mandate of the development finance department is p…
Unemployment fell by 27,000 in the three months to February to 1.34 million, official Office for National Statistics (ONS) figures show.
The number of people in work was also virtually unchanged at a record high of 32.7 million, with a …
The troubled Indian airline Jet Airways has failed to secure emergency funding from its lenders.
The company, which last week suspended all international flights, has extended the cancellation period until Thursday.
It was India's se…
Emirates Airlines, an international airline operator, and Africa World Airlines (AWA) have announced a one-way interline agreement to connect passengers within West African destinations.
Under the agreement, Emirates customers will have…
The take-or-pay obligations under the various gas purchase agreements has brought financial burden to the Ghana National Petroleum Corporation (GNPC), the Parliamentary Select Committee on Mines and Energy has indicated.
Under the agree…
The National Youth Authority (NYA) says it is working to secure the services of experts from India to train Ghanaian youth on solar manufacturing and installation across the 16 geographical regions of the country.
According to a top off…
The Social Security and National Insurance Trust (SSNIT) has identified the biggest threat to the sustainability of the scheme and has therefore adopted measures and policy interventions to deal with the emerging hiccups.
"After prudent…
The Securities and Exchange Commission (SEC), says it is working with Gold Coast Fund Management (GCFM) to secure a lasting solution to its liquidity challenges in the mutual interest of all stakeholders.
In a statement issued, on …
Newmont Mining Corporation (NYSE: NEM) (Newmont or the Company) today announced that the Company’s shareholders voted overwhelmingly to approve the authorization and issuance of Newmont common shares in connection with the proposed transac…
African Development Bank approves strategy for Central Africa - “crucial for the economic integration of the region”
The Board of the African Development Bank has approved the Central Africa Regional Integration Strategy Paper 2019 – 20…
Tiny, a Canadian technology holding company, today announced that it has acquired a majority stake in Pixel Union, a leading partner in the Shopify ecosystem. Since 2011, Pixel Union has provided Shopify's customer base with beautiful and …
Goldman Sachs Group Inc beat quarterly profit estimates on Monday as the bank earned more from advising on M&A deals and expenses fell due to lower compensation costs.
The bank’s total revenue, however, fell 13 percent in the first quar…
The Managing Director of the Republic Bank, Mr Anthony Jordan has said the bank is gradually becoming a leader in transfer services in the country.
He said the bank made significant improvement in its money transfer services including I…
To improve the wellbeing of Persons with Disability (PWDs), the Government has shifted from cash support to the provision of income-generating items to make them productive to reduce poverty.
Mr Alfred Amoah, the Municipal Chief Executi…
Entrepreneurship and Small Scale Business Development at the weekend awarded distinguished entrepreneurs for their role in national development.
S and O Fashikn World emerged the Fashion Designer of the Year, the Hair Dresser of the Yea…
Arker Energy, operators of the Deep water Tano Cape Three Points Block, in collaboration with stakeholders, at the weekend sensitised more than 500 suppliers in the oil and gas industry on the company's procurement processes.
Other t…
The Government has been urged to strictly enforce the Local Content Regulations governing the extractive industry to ensure that foreign investors give preferential treatment to the indigenes in their operations.
Mr Fitsum Weldegiorgis,…
Market Performance
Market Indices Trend
Top Trades by Volume
Top Trades by Value
Gainers & Losers
Market Summary
Ecobank Transnational Incorporated (+7.14%), SCB Preference Shares (+1.18%), GCB Ban…
Belfrics Group [1], one of the largest international blockchain conglomerates of the world, in association with Dar Es Salaam Institute of Technology (DIT), one of the leading technology and engineering institutes in Tanzania and the East …
The announcement comes a day after a meeting of the Bank’s governors in Washington D.C. to continue discussions on a 7th General Capital Increase
On the sidelines of the World Bank-IMF Spring meetings, Canada announced a $1.1 billion co…
The Stock Market Remains Bearish!!!!!!
Ghanaian stocks delivered negative returns for the week as the Composite Index was down 2.63% from the previous week to record the worst performance for the year.
The Financial Stock Index reco…
Drinks giant Diageo has announced that it is removing plastic from multipacks of its Irish stout brand Guinness.
Plastic ring carriers and shrink wrap will be also removed from packs of Harp, Rockshore and Smithwick's beers, as part of …
MTN recently held a Media and Stakeholders’ encounter at the company’s head office in Accra where the CEO, Mr Selorm Adadevoh and the Management Team took invited guests through achievements of 2018 and the plans for 2019. They declared th…
After cleaning up the banking sector, the Bank of Ghana (BoG) is now set to raise GH¢7 billion from the government to support distressed savings and loans companies and other finance houses.
In an exclusive interview with the Governor o…
The use of digital technology is on the rise in Africa, as proven by Tafel lager’s successful ‘Beat of Namibia’ campaign
Gone are the days when Africa had a reputation for lagging behind the rest of the world when it comes to the adopti…
