The Consolidated Bank Ghana Ltd, has presented the CBG Financial Journalist of the Year award to Mr Maxwell Akalaare Adombila of the Graphic Communications Group at the 24th Ghana Journalists Association awards night in Accra.
The winne…
The Social Security and National Insurance Trust (SSNIT) has, as of October this year, collected arrears to the tune of GH?439.6 million from employers.
Out of this amount, GH?208.9 million was collected through prosecution.
This w…
CURRENCY, COMMODITY, AND EQUITY MARKETS UPDATE
CURRENCY UPDATE
At the end of the week, the composite loss value of the Ghana Cedi pushed the Ghana Cedi Index up by 13.1058bps to close at 482.5324 points at a Y…
Small-scale farmers in developing countries are already suffering from a changing climate they did not cause – with lower crop yields, reduced water availability, price spikes and increased food insecurity. Whilst agriculture contributes t…
Economic experts have cautioned the Bank of Ghana (BoG) to ensure that the introduction of the new cedi denominations into the economy will not affect the current volume of money in circulation.
Subsequently, they have advised the cen…
The Tema Oil Refinery (TOR) has secured a deal to refine crude oil for a local oil trading company and its international partner, after years of stop-start activity.
Known as the tolling crude oil processing agreement, the contract re…
Daimler, the German carmaker that owns Mercedes-Benz, has said it will shed at least 10,000 jobs worldwide as it seeks to fund the switch to electric cars.
Daimler personnel chief Wilfried Porth told journalists the number of jobs lost …
The Audit Service has instructed the Wa West and the Nadowli Kaleo District Assemblies to refund an amount of Ghc2,955.00 and GHC8,702.18 respectively being over payments of contracts.
The Service gave the instruction during separate to…
In its first official comment following recent staff agitations over unpaid debts, Ghana Grid Company Limited (GRIDCo), says it is committed to reliable power supply to Ghanaians.
Mr Kabral Blay-Amihere, GRIDCO Board Chairman, speaking …
The Ghana Grid Company Limited (GRIDCo) on Thursday announced that it will disconnect power to the Volta Aluminum Company Limited (VALCO) on December 30 because of a 30- million dollar debt owed to it.
The management of the power transm…
The Chief Executive Officer of the Ghana Chamber of Mines, Mr Sulemanu Koney has described the mining industry as the bulwark of the country's socio-economic development.
He said it contributed to fiscal revenue, forex receipts and Fore…
Dr John Ofori-Tenkorang, Director-General of the Social Security and National Insurance Trust (SSNIT), on Thursday, said the payment of a proposed 75 per cent interest on Past Credits for beneficiaries would affect the Trust's survival.
…
The '2019 Job Fair' to provide job search assistance to people living in the Ashanti, Brong, Ahafo and Bono-East regions, has been held in Kumasi.
The Ghanaian-German Centre for Jobs, Migration and Reintegration (GGC), in collaboration …
Mr Samuel Amo Tobin, the Chief Executive Officer (CEO) of Tobinco Group of Companies, has been adjudged the Chamber Business Man of the Year at the third Chamber Business Awards for the year 2018.
The awards ceremony by the Ghana Nation…
Panelists at the second annual Entrepreneurship and Small Business Conference have called on government to develop a special policy with the aim of encouraging the informal sector to pay their taxes.
The conference, organised by the Ins…
4H-Ghana, a Non-Governmental organisation that focuses on youth leadership training has launched a National Alternative Gardening Project (NAGP) to train children to grow vegetables in containers.
Launching the project at Koforidua in t…
Municipal and District Assemblies in the Volta Region are taking advantage of the 4th Volta Trade and Investment Fair to market small and medium scale industries in their areas.
The Assemblies are also using the event as a platform to p…
Management of Hollard Life Assurance has introduced three new products to offer policy holders unique opportunities and a secured future.
The products are named, "Adepa Three," and includes 'Adepa wo Fie', 'Adepa Goal Save', and 'Adepa …
The Association of Ghana Industries (AGI) has called on Government to help increase patronage of locally produced goods by curbing the importation of similar products.
Mr Dela Gadzanku, the Volta/Eastern/Oti Chairman of the Association,…
Workers at six Amazon distribution centres in Germany have staged a Black Friday walkout in a dispute over pay and conditions.
The union Verdi, which called the strike, said its members' hard work could not be bought for "knock-down pri…
The Governor of the Bank of Ghana (BoG), Dr Ernest Addison has explained that the introduction of a new GH¢2 coin as well as GH¢100 and GH¢200 banknotes into circulation is to ensure customer convenience and bring about efficiency in the p…
The Bank of Ghana (BoG) has launched new higher denomination Ghana cedi banknotes.
They are GH¢100 and GH¢200 banknotes.
The GH¢100 note
The GH¢200 note
A new GH¢2 coin has also been launched.…
Standard Chartered (-0.23%) closed lower, moderating the GSE Composite Index by 0.02 points to settle at 2,140.25 with a year-to-date return of -16.79% in spite of advancement in the price of GOIL (+0.60%). Market capitalization stayed a…
The report looks at key developments in major African oil and gas producers and offers key insights into the growth potential of the industry
The African Energy Chamber (EnergyChamber.org) is pleased to announce the launch of its inaugura…
She'd not borrowed a lot. And she'd more than paid it back. Six times over.
But when one mother looked up from her washing-up to see the man who'd lent her a few hundred pounds standing with her two teenage daughters, she was so frighte…
Wienco Ghana Limited, in collaboration with the Government and other processing companies, will start buying local paddy rice across the country to save farmers the burden of having to store and market their produce when there is bumper ha…
Steadfast-Rigworld Solutions Company, an indigenous Ghanaian engineering company, has inaugurated a manufacturing centre at Kejebri near Takoradi.
This centre would produce high quality stud bolts and nuts.
The company, which is the …
Vice President Dr Mahamudu Bawumia on Wednesday launched the Ghana Sustainable Banking Principles and Sector Guidance notes, to ensure that banks engaged in proactive environmental protection programmes, social justice to promote socio-eco…
Dr Ernest Addison, the Governor of the Bank of Ghana, has called on banking sector players to seek partnerships to accelerate the pace of digitisation in the financial service industry.
That could be done by establishing links with one …
The Agricultural Development Bank Limited (ADB) has been adjudged the best Cocoa Financing Institution at the maiden Ghana Cocoa Awards (GCA).
The award was in recognition of the Bank's contribution as a pioneer in financing the cocoa s…
The public is being encouraged to explore the benefits of moving funds to and fro the three main payment platforms namely bank accounts, the e-zwich and the mobile money platforms.
The three platforms were interconnected a year ago in w…
Three hundred construction companies have submitted bids to the Ghana Cocoa Board (COCOBOD) for the construction and rehabilitation of roads in cocoa growing communities nationwide.
The firms are competing to be selected as contracto…
The Vice-President, Dr Mahamudu Bawumia, has charged financial institutions in the country to include climate disruption issues in their risk management reports.
That, according to him, would ensure that sustainability issues were inc…
The maiden edition of the Project Management Excellence Awards was held in Accra on 23rd November 2019.
The 2019 Project Management Awards which was organized by Management Excellence Foundation seeks to reward and recognize Project Man…
– Transaction achieved the lowest coupon an African issuer has ever achieved in the CHF market
– A landmark issue for AFC, Africa and supranational institutions
Africa Finance Corporation (“AFC” or “the Corporation”), the leadin…
The projects were announced during a press conference at the 2nd Gas Exporting Countries Forum International Gas Seminar on Wednesday
Minister of Mines and Hydrocarbons H.E. Gabriel Mbaga Obiang Lima revealed several capital-intensive p…
Kwik Delivery partners with Winpart to deliver spare parts in less than 2 hours to customers in Nigeria
The goal is to support Winpart and their customers grow their business while managing their inventory with quasi just-in-time leanne…
Market Summary
The GSE Composite Index was weighed down by downward price movements in CAL Bank Limited (-1.22%) and GOIL Company Limited (-0.60%) to close a point (-0.05%) lower at 2,140.27 with a year-to-date return of -16.79% while…
UK car production could be cut by more than a third if the UK withdraws from the EU without an "ambitious" trade deal, an industry body has warned.
Analysis commissioned by the Society of Motor Manufacturers and Traders (SMMT) predicts …
Some Licensed Buying Companies (LBCs) who are consistently being harassed to register and pay Value Added Tax on their operations have sued the Ghana Revenue Authority (GRA) and Ghana Cocoa Board (GCB) at the High Court in Accra.
Joined…
The fourth Volta Trade and Investment and Cultural Fair in Ho is gathering steam as it opens officially on, Tuesday, November, 26.
The event saw less than 10 per cent of stands occupied when exhibition and trading started on Friday Nove…
Thirty lockable stores built under the District Development Facility (DDF) fund in Jasikan, Oti Region, are still under lock three years after completion.
The construction of the stores located at the Jasikan market started in 2013, but…
The Petroleum Commission says Ghana needs an indigenous pool of experienced and highly skilled upstream service companies willing to prioritise, adapt and compete prudently in the oil and gas industry.
The Commission is therefore workin…
The economic outlook for Africa remains challenging with growth expected to pick-up to close the year and going into 2020, the Economic Commission for Africa Sub Regional Office for West Africa has said.
Dr Nadia S. Ouedraogo, Economic …
AWS South Africa recently embarked on a journey to bring AWS Startup Days to Johannesburg, Lagos, Accra and Nairobi. AWS Startup Days are free events for early-stage founders, developers, and investors that aim to help early-stage founders…
Al Maeeni: Testing of first self-driving heavy vehicle in Middle East and Africa in Abu Dhabi-Dubai trip
With over than 450 major manufacturers from 22 countries, automotive and modern technology experts and government agencies, the UAE…
Africa will contribute as much as 9.2% to global natural gas production by 2040
Natural gas growth prospects were outlined during the 2nd Gas Exporting Countries Forum (GECF) International Gas Seminar on Wednesday; Opening addresses wer…
The UK has one of the most extreme forms of capitalism in the world and we urgently need to rethink the role of business in society. That's according to Prof Colin Mayer, author of a new report on the future of the corporation for the Brit…
The Minister of Aviation, Mr Joseph Kofi Adda, has said a recent technical audit of an aviation satellite network which provides voice and data interconnectivity for flights in the Africa Region indicated that the network was outmoded.
…
For the fourth time this year, the Monetary Policy Committee of the Bank of Ghana (BoG) has maintained the policy rate at 16 per cent.
The decision to maintain the rate was as a result of some threats to both inflation outlook and ec…