Economist and Business Consultant, Dr. Ebenezer Ashley has indicated that the Ghana cedi has recorded its all-time best performance for the first half of 2020 than the first six months of any year since 2012 against the U.S dollar.
Dr. As…
The Bank of Ghana has commended GOIL Company Limited for taking the initiative as the first Oil Marketing Company to enter into the electronic payment system through the “GOIL/gh-link Card usage at all GOIL Filling Stations.
Mr Setor Am…
The future of Asia's biggest budget airline, AirAsia, is in “significant doubt”, auditor Ernst & Young has said.
Shares in the Malaysian-based airline fell by more than 10% on Wednesday after being halted earlier in the day.
The airl…
Chancellor Rishi Sunak is due to set out the next instalment in the government's plans to help the British economy recover from the blows inflicted by the pandemic.
Already this week the government has announced new financial assistance…
The Eastern, Volta and Oti Regional branches of the Association of Ghana Industries (AGI) have launched an E-Commerce Portal to help boost the sale of members' products and services.
The platform is aimed at preparing members for the ne…
Board Chairman of Ghana Reinsurance Company (Ghana Re), Mr George Otoo, has said the company has positioned itself to meet its claims and other financial obligations despite the impact of the COVID-19 pandemic on businesses including the i…
The African Development Bank (AfDB) has said that 49 millions Africans could be pushed into extreme poverty by the coronavirus pandemic.
The AfDB said on Tuesday that West and Central Africa stand to be most hit by the economic slump.
…
Vodafone Ghana has partnered with Opera, one of the world’s leading browser developers, to give its customers free browsing of up to 50 MB every day for those who use Opera Mini, Opera News, and Opera News Lite on their smartphones.
…
Leading global food and agri-business, Olam International (“Olam’’), announced today that its wholly owned subsidiary, Olam Treasury Pte. Ltd. (“OTPL”), has secured a medium-term samurai loan facility (the “Facility”) aggregating JPY 25 bi…
An African Development Bank project to enhance market infrastructure, value addition and rural finance (MIVARF) in Tanzania produced highly satisfactory results, according to a report released by the project team. The project, rolled out …
American Express, Discover, Mastercard and Visa to Power Global Expansion of Simple, Consistent Digital Checkout Experience
E-commerce has reached new heights around the world, as more consumers are going online to make secure, touch-…
Countries must strengthen and reform their health policy research institutions to focus on Africa-led inclusive solutions
Global health experts and practitioners at a policy webinar hosted by the African Development Institute (ADI) call…
The benchmark index declined marginally by 6.50 points (-0.34%) to close at 1,877.53 with a year-to-date return of -16.82% as a result of a downward price movement in Standard Chartered (-3.23%) while the market capitalization decreased by…
American Multinational Abbot Laboratories faces multimillion-dollar lawsuit over contract compliance with African Covid-19 Test Kits
The inability of Abbott Laboratories to execute orders and to deliver came at the expense of African co…
Fidelity Bank in partnership with Fidelity Securities Limited held the second edition of its thought leadership series, Fidelity Presents…with a focus on asset and wealth management for individuals and organizations.
The webinar, which …
Post COVID-19: Africa’s growth stands to rebound to 3% in 2021, African Development Bank says in African Economic Outlook 2020 Supplement
Governments and development partners must respond in a more coordinated, targeted, and rapid manne…
MTN Ghana has zero-rated the website for the COVID 19 Recovery and Resilience (CoRe) programme which was recently launched by the Springboard Road Show Foundation with partnership from MasterCard Foundation and Solidaridad.
This means t…
US jeans brand Levi Strauss is cutting 700 jobs, or about 15% of its corporate staff, as it grapples with the downturn caused by the pandemic.
The firm, hit by a 62% fall in sales in its most recent quarter, said the reductions were nec…
Eighteen companies and six individuals were awarded at the fourth edition of the Manufacturing Awards which was organised by Xodus Communication.
Entrance Pharmaceuticals and Research Centre was adjudged the manufacturing company of the…
A liquidity scare is staring the Ghana National Petroleum Corporation (GNPC) in the face after increased spending on corporate social responsibility and other non-core expenses reduced the firm’s ability to smoothly take up its share of ex…
Huang waits by a workbench for the welder to pass the next metal tray. There's only a handful of staff in the factory. Half the building is in darkness.
The boss is stranded in Europe. They haven't had any new orders from their American…
A high-profile pandemic aid program protected about 51.1 million American jobs, the Trump administration said on Monday, as it revealed how $521.4 billion in taxpayer cash was injected into small businesses but also into the pockets of the…
Japan's household spending has slumped at a record pace as measures to slow the spread of the coronavirus kept people at home.
Government figures show household spending dropped by 16.2% in May from a year earlier.
The worse than exp…
The Tax Justice Coalition (TJC) Ghana has urged the Government to intensify its efforts at mobilizing domestic revenues to help shore-up financial gap created as a result of the impact of the COVID-19 pandemic.
This, the association sai…
The Association of Local Mining Contractors, has called for government intervention in the high permit fees being charged by the Minerals Commission on their members.
According to the Association, the over 500 per cent increase in the c…
The President Nana Addo Dankwa Akufo-Addo has lauded Ms Valentina Mintah, founder and former Chief Executive of West Blue Consulting for her appointment as a member of the International Chamber of Commerce (ICC) Executive Board, assuring h…
MACROECONOMIC INDICATORS
Q1’ 2020 GDP 4.9%
BoG Policy Rate – May 2020 14.50%
Weekly Interbank Interest Rate 13.72%
Inflation for May, 2020 11.3%
End Period Inflation Target - 2020 8.0%
Budget Deficit (% GDP) – Mar, 2020 3.4%
2020…
The Enterprise Group recorded a strong performance in its 2019 financial year to exceed the insurance industry average in terms of growth. This was revealed at the Group’s Annual General Meeting (AGM) held at the Advantage Place in Accra o…
110-minute online streaming special to mark the arrival of the New Defender in Africa
Airing to be hosted by sports presenter Xola Ntshinga with special guest appearances from former Springbok Bryan Habana and adventurers Kingsley and Ros…
Why the best time to establish an Emergency Fund is now.
Building an emergency fund is the first step in financial planning. The current coronavirus pandemic has brought to bear the need for every individual have an emergency fun…
* Ghanaian consumer confidence declines by 15 points
* Nigerian sentiment also experiences a significant decline
Against the backdrop of the unprecedented COVID-19 pandemic, West African consumer sentiment has experienced a sharp drop…
United Bank for Africa Plc (UBA), the leading pan-African financial services group, is pleased to announce the appointments of Ayoku Liadi and Oliver Alawuba as Deputy Managing Directors in charge of UBA’s Nigeria and Africa businesses, re…
As businesses re-open their doors across Ghana, they have help from a contact tracing app based on New Zealand’s successful COVID Tracer.
Widely credited for helping New Zealand reach zero active cases, the NZ COVID Tracer gave each …
The Exclusive Men of the Year Africa Awards (EMY Africa Awards) has named Mrs. Abiola Marufatu Bawuah the Regional CEO West Africa of the United Bank for Africa as the Woman of the Year at the 5th Annual EMY Africa Awards held over the wee…
MTN Unveiled as Headline Sponsor for Freestyle UNLOCKED Africa 2020, 5 International Judges Announced
Freestyle UNLOCKED Africa 2020 is the virtual version of the African Freestyle Championships organised by the sports promoter
Feet …
CAL Bank (-8.45%) moderated the GSE Composite Index by 3.62 points (-0.19%) to begin the week at 1,884.03 with a year-to-date return of -16.53% while the market capitalization decreased by 0.07% to settle at 52.79 billion.
Consequently,…
Absa Bank Ghana has unveiled an ambitious proposition known as “Absa StartUp Banking”, a new initiative that will support the grooming and growth of Ghanaian-owned start-ups with solutions that will bring their possibilities to life.
Th…
The Ghana Chamber of Telecommunications has announced the admission of C-Squared Ghana Ltd, ComSys Ghana Ltd and Huawei Ghana to the chamber.
They join two other infrastructure companies - American Tower Corporation and Helios Towers – …
The Chief Executive Officer (CEO) of the Leverage Microfinance Company (LMC), Mr Gilbert K. N. Adamtey is calling on the government to consider collaborating with the various telecommunication companies in the country to infuse digital add…
Members of the Ghana Internet Service Providers’ Association (GISPA) have unanimously voted to renew the mandate of its board led by Mr Richard Densu of MTN, for an additional two years.
The members were convinced by the solid results a…
The government has received a report into Huawei that is likely to change its policy over the Chinese firm's role in the UK's telecoms networks.
Digital Secretary Oliver Dowden said GCHQ's National Cyber Security Centre had delivered it…
Coronavirus is changing London. Some of it may be temporary, as the capital adjusts to the presence of an invisible killer, some of it will be more permanent.
It is more than 100 days since the prime minister ordered the nation to stay …
Air France-KLM plans to cut more than 7,500 jobs at its French arm as the airline industry reels from the coronavirus crisis.
Europe's second-biggest airline will cut 6,560 staff at Air France, with its regional French carrier Hop! losi…
The Food and Drugs Authority (FDA) and the National Board for Small Scale Industries (NBSSI) have signed a Memorandum of Understanding to support the development and growth of micro, small to medium enterprises.
Mrs Delese Mimi Darko, t…
Mr. Shaibu Ali, the Vice President of the Insurance Brokers Association of Ghana, has urged brokers to carefully assess the commercial implications of the COVID-19 pandemic on their clients to protect themselves from the risk of claims.
…
The Reverend Kennedy Okosun, the Chief Executive Officer of Krif Ghana Limited, has said a well-developed insurance industry is key in efforts to improve the stability of the financial markets.
He said the insurance sector must offer pa…
The International Fund for Agricultural Development of the United Nations (IFAD) today announced a new project that will boost support for about 210,000 poor rural households in Niger that are vulnerable to climate shocks and food insecuri…
This was revealed when the Chairman of BUA, Abdul Samad Rabiu led the BUA Cement Management team on a courtesy call to the Adamawa State Governor, Ahmadu Umaru Fintiri
BUA Cement (BUACement.com), One of West Africa’s largest Cement comp…
* Expedited processing has cleared nearly 650,000 refund requests in 8 weeks
* Policies offer customers confidence to plan and book their travel
In the past two months, Emirates has processed nearly 650,000 refund requests, returning o…
An understandable response to the economic fallout of Covid-19 is for governments, industries and businesses trying to predict the path that the global economy will take in the coming months and years. However, given that this is a challen…
info@businessghana.com
