“Your Tier One pension scheme run by the Social Security and National Insurance Trust (SSNIT) is solvent now and into the future,” the Director-General of the Trust, Dr John Ofori-Tenkorang, has assured contributors.
In an interview wit…
Afreximbank and the African Free Trade Continental Area (AfCFTA) Secretariat are in the final stages of negotiating a 10 billion dollar adjustment fund, aimed at cushioning countries that likely to suffer short-term tariff revenue losses…
This is the time of year where cheer, joy and love are here. While gifts are left under glittering trees, Four Seasons Resort Dubai at Jumeirah Beach (bit.ly/3lj3Vs4) and Four Seasons Hotel Dubai International Financial Centre (bit.ly/3d04…
The global construction market is set for a sustained period of strong growth post-Covid-19, driven by government spending on infrastructure and the transition to a net zero society. However, the switch to more sustainable buildings and in…
Founder of now-defunct uniBank, Dr. Kwabena Duffuor, has opened up about his struggles with the revocation of his bank’s license.
“It was a big blow but I was lucky and the family was behind me. [It was a] very painful e…
The African Development Bank Group has announced the indefinite postponement of its upcoming Africa Investment Forum, originally scheduled for December 1-3, 2021, in Abidjan, Cote d'Ivoire.
The postponement follows "consultations with t…
The African Centre for Retirement Research (ACRR), a non-profit policy research organisation, has called for an increase in the rate of Social Security and National Insurance Trust (SSNIT) contributions to sustain the operations of the …
Dr Owusu Afriyie-Akoto, Minister for Agriculture has reassured that the government was leveraging on its digitalisation drive to spearhead technologically driven agriculture to empower farmers through e-agriculture.
The “e-agricu…
Ehunabobrim Prah Agyensaim VI, Paramount Chief of Owirenkyi Traditional Area, has urged Government to channel financial resources to the Agricultural Sector because it had the potential of changing Ghana's economy for the better.
…
The World Bank has urged Ghana to accelerate economic transformation by creating more decent jobs for its growing youthful population to address the fast-paced unemployment challenge in the country.
The Bank noted that although the coun…
Professor William Baah-Boateng, an economist, has advised the Government to use “transformational entrepreneurship” to address the country’s growing unemployment challenge.
He explained transformational entrepreneurship to mean the se…
The Association of Ghana Industries (AGI) has urged members of the Ghana Union of Traders Association (GUTA) to supply their customers with made in Ghana products following the government’s decision to reverse the 50% benchmark value reduc…
Executive Director for African Centre for Energy Policy (ACEP), Benjamin Boakye, has predicted that Ghana’s energy-sector debt could surge to GHc7 billion by the close of the year if urgent measures are not put in place to check debt acc…
Firms operating under the free zones enclave in the country exported goods valued at US$1.096 billion in the first half of this year.
Capital investments made by free zone enterprises amounted to US$173.84 million and a total of 30,189 …
Ghana’s leading total beverage business, Guinness Ghana, this week signed a landmark partnership contract with Coliba Ghana at a short ceremony at its Achimota site to set up plastic Buy-back Centres in Accra and Kumasi to collect plastic …
The Governor of the Bank of Ghana (BoG) has signed a Memorandum of Understanding (MoU) with the Bank of Mauritius (BoM) to deepen the existing ties of engagement between the two central banks.
The Second Deputy Governor of the Bank of…
The Food and Drugs Authority (FDA) in collaboration with the Ghana Police Service has retrieved 270 cartons of expired Charmé sparkling non-alcoholic red and white grape juice being sold following a tip-off from a vigilant member of the pu…
Cargill has completed a US$13 million expansion of its cocoa processing facility in Tema, expanding the company’s cocoa-grinding capability to match growing consumer demands for cocoa powder.
In recognition of the achievement, Ghana’s p…
Products from the Ghana Industrial Holding Corporation (GIHOC) received overwhelming patronage at the just-ended 2021 Intra-African Trade Fair (IATF) in Durban, South Africa as patrons praised it for “its unique taste and feel.”
The alc…
President Nana Addo Dankwa Akufo-Addo has said the implementation of the new Corporate Insolvency and Restructuring Act (CIRA) will help turn the fortunes of businesses in the country around.
He said the passage of the act could not hav…
The provision of stable electricity is one of the most divisive topics in South Africa, especially when businesses and citizens watch helplessly as the country is plunged into bouts of load shedding at increasingly more regular inter…
For its sterling leadership in the financial industry, Fidelity Bank Ghana Limited has been adjudged Bank of the Year at the 2021 Ghana Business Awards held at the Kempinski Hotel in Accra.
The Ghana Business Awards is a prestigious awa…
Government pays about four billion dollars in subsidizing the energy sector, Mr Habibu Adam, a Senior Economist, at the office of the Senior Presidential Advisor, has said.
Mr Adams said the subsidy payment was more than the…
Operators within the telecommunication and data industry have underscored the need for Ghana to safeguard its data space in order to leverage its predictability to spur economic growth.
This emerged at the Ghana Internet Conference 2021…
THE Ghana Enterprises Agency (GEA) is to partner with the National Entrepreneurship and Innovation Programme (NEIP) and selected financial institutions to implement the government’s new flagship youth entrepreneurship programme, YouStart i…
The Bank of Ghana (BOG) has said that a strong build up in reserves has helped to cushion the cedi against shocks.
It said that helped the local currency to register marked moderation in the pace of depreciation this year.
The Monet…
The government is working to grow the economy at much faster rate to ensure a win-win environment for both the private and public sectors, President Nana Addo Dankwa Akufo-Addo has said.
He said this would engender a situation where com…
President Nana Addo Dankwa Akufo Addo has urged the Ghana Investment Promotion Centre (GIPC) to canvas for the right investments to support Ghana's post-Covid 19 recovery agenda.
“We are emerging from a challenging global situati…
Ecobank Ghana PLC has assured its customers and shareholders that there is no cause for an alarm following a garnishee of the bank’s accounts at the Bank of Ghana and attachment of its head office building in a litigation with a businessma…
Togbe Afede XIV, the Agbogbomefia of the Asogli state has called for the separation of Governorship and Chairmanship at the Bank of Ghana.
"The Bank of Ghana’s independence is desirable. We all accept that it should be so. T…
Accounting, auditing and management firm, Deloitte, says the tax measures introduced by the government in the 2022 budget is good and will boost revenue.
However, it wants government to address all the concerns raised by the public, p…
SES HD PLUS Ghana, the country’s premium high-definition satellite broadcast service provider, has introduced two additional bundles to the existing two months free subscription offered on the HD+ Decoder, just in time for the holidays.
…
After 12 years of delay, the Bulk Oil Storage and Transportation Company Limited (BOST), on Tuesday took delivery of a consignment of pipes from the United States for the expansion of the pipeline conveying petroleum from Tema to Akosomb…
The Minister of Tourism, Arts and Culture, Dr Ibrahim Mohammed Awal yesterday inaugurated the Public, Private, Partnership Forum (PPPF) standing committee with a call on them to help drive the tourism industry.
The 10-member committee…
Ho-Based roofing giants, Mayanar Fabrications Limited, which has 13 permanent and 12 casual workers, is set to raise its workforce to close to 30 next year in response to the growing demand for its service from clients.
Executive D…
The Trades Union Congress (TUC) says the government must expedite action on the passage of the Exemptions Bill into law to help save revenue for the state.
Dr Yaw Baah, Secretary-General of the TUC, who made the call during the 2020 P…
The government will soon automate the distribution of premix fuel across all landing beaches in the country, to eliminate middlemen who hijack the distribution of the premixed fuel.
Premix fuel is an in-country blend of fuel made for …
The Ga Rural Bank Limited has presented items valued at GH C 24,000 to five municipal assemblies to support the celebration of the 37th National Farmers’ Day scheduled for November 29 to December 3 in Cape Coast, Central Region this year.
…
Mr Samuel A. Razak Tachie, Sales and Marketing Manager, Passion Air, has revealed plans to offer tour fares to tour operators in the Volta region to boost tourism in the region.
He said the fares would be given to tour operators …
President Nana Addo Dankwa Akufo-Addo has urged investors in Norway to invest in Ghana, arguing that government has put in place the enabling environment for businesses to thrive in the country.
He said government had instituted …
INVESTMENT TERM OF THE WEEK
Enterprise Value (EV): Enterprise value (EV) is a measure of a company's total value. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as an…
The teams behind the teams within the business of sport were recognised and awarded yesterday at the 2021 Hollard Sport Industry Awards.
Campaigns showing true grit, resilience, and exceptional creativity spanning marketing, PR, virtual…
The 2021 Thales Global Cloud Security Study, commissioned by Thales and conducted by 451 Research, part of S&P Global Market Intelligence, reports that 40% of organisations have experienced a cloud-based data breach in the past 12 months. …
On his first official visit to Africa since the start of the COVID-19 pandemic, European Investment Bank President Werner Hoyer and Vice President Thomas Östros today formally opened the EIB’s new Nairobi Hub with Kenyan Finance Minister, …
A new focus report, produced by Oxford Business Group (OBG) in partnership with the African Economic Zones Organisation (AEZO), shines a spotlight on the continent’s rapidly developing industrial sector, which is poised to become a key dri…
Today’s food retail environment is under immense pressure to improve efficiencies, with global megatrends including the fight against climate change, improving food safety while reducing loss, electrification, and digitalisation of operat…
The Director-General of the State Interest and Governance Authority (SIGA), Mr Stephen Asamoah-Boateng, has cautioned boards of directors of state-owned enterprise(SOEs) against interfering in the day-to-day operations of their organisatio…
Telecommunication giant, Vodafone Ghana, has officially launched a unique consumer loyalty campaign to financially reward and empower its customers towards the yuletide season.
The promotion dubbed “??k?so Promo” is a coin-based consu…
In the spirit of reassuring its commitment to making life simple for customers, AirtelTigo has rewarded daily, weekly, and monthly winners of the “To Gu Me So” promo that is taking Ghanaians by storm.
The Telecommunication company has s…
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