Japanese car giant Nissan has said it will cut 12,500 jobs around the world, more than double the amount previously announced.
It will reduce its production capacity and the number of models it produces by 10% by the end of 2022, but it…
The Bank of Ghana (BoG) has endorsed measures by the Ministry of Finance to cap the amount of domestic bonds that foreign investors can hold as part of efforts to reduce the vulnerabilities that the economy endures.
The Governor of Bo…
The Brakwa Breman Rural Bank Limited has applauded its shareholders for their continuous support and understanding as they continue to make untiring investments into the capital base of the bank.
Mr. Anthony Effah, Chairman of the Board…
OPEC has shifted the goalposts for assessing an overhang in oil inventories, giving the group more room to prolong production cuts, while analysts warn the move will offer a distorted view of market conditions.
Ever since the Organizati…
Facebook will pay a $5bn (£4bn) fine to settle privacy concerns, the US Federal Trade Commission (FTC) has said.
The social network must also establish an independent privacy committee that Facebook's chief executive Mark Zuckerberg wil…
Leading Global B2B Ecommerce Platform Introducing New Seller Enablement Functions, Including U.S.-to-U.S. Transactions, New Ecosystem Participants, and a Nationwide Tour of “Build Up” Events to Help Small Businesses Go Live
Alibaba.com,…
Standard Chartered on Monday announced another first banking feature in the Ghanaian market.
In its continued efforts to meet the rising demands of Ghana’s young and digitally-savvy population, the Bank has launched Ghana’s first Socia…
The Atwima Mponua Rural Bank Limited, has pledged to continually provide excellent banking services to its customers and ensure progressive optimal performances that would benefit shareholders.
Mr. John Swanzy, the Chairman of the Bank,…
Zeepay, a leading African financial technology (fintech) company, intends to reach more than 150 million mobile money wallets in 20 African countries.
The Company aimed to partners global remittance giants to transfer monies directly to…
The Tema Oil Refinery (TOR) says the purported GHs 186,349 loss incurred in four months by the refinery is mainly charges it incurred on legacy debts.
A statement signed by Mr Daniel Appiah, General Manager-Finance, stated that "the amo…
The FBNBank Ghana, a subsidiary of First Bank of Nigeria Limited has announced the appointment of Mr Victor Yaw Asante as its new Managing Director (MD) following the approval of the Bank of Ghana.
Mr Asante replaces Gbenga Odeyemi who …
SqwidNet, the licensed Sigfox IoT network operator in South Africa, recently hosted its second IoT Entrepreneurship Program (IoT)E pitch day. Seven finalist groups, selected from a group of 60 prospective entrepreneurs and ICT business own…
Ghana law firm, Sam Okudzeto & Associates, signed a collaboration agreement with Andersen Global, marking Andersen Global’s presence in 13 African countries and over 51 countries worldwide.
Located in the capital of Accra, Sam Okudzeto …
The African Investment Forum’s new digital platform will connect project sponsors with investment opportunities in Africa, vastly improving the quality of project information and documentation.
The Platform, as it is known, also provide…
MTN Ghana advanced by 1.41%, pushing the benchmark index up by 5.46 points (+0.23%) to close at 2,346.41 with a -8.78% year-to-date return while market capitalization increased by 0.09% to settle at GH¢58.23 billion.
Financial stocks …
Inside an expansive warehouse at the National Agricultural Export Development Board (NAEB), it is a beehive of activity on a Wednesday morning.
Workers carry plastic crates full of vegetables and fruits, while others are sorting t…
US high net worth individuals and business owners are expressing growing intentions to invest as US markets continue to hit record highs in 2019, according to UBS Global Wealth Management's new quarterly Investor Sentiment survey.
The s…
The Country Director of Ecom Ghana Ltd, Mr Muhammed Muzzammil, has urged Ghanaian cocoa farmers to embrace modern ways of farming if they want to increase their yield.
He explained that although the farmers were working very hard to e…
Children’s educational needs: Standard Chartered Bank, Prudential Life Insurance offer solutions to parents
Standard Chartered Bank Ghana Limited and Prudential Life Insurance Ghana have launched savings and educational plans designed…
The Tema Development Company Ltd (TDC) has allocated a 60-acre land to Sentuo Group Limited for the construction of a modern industrial and commercial hub under the government's One district, One factory (1D1F) programme.
The piec…
Huawei has cut more than 600 jobs at its US research unit Futurewei after Washington put the Chinese firm on a trade blacklist.
The telecoms giant said the job cuts were due to "the curtailment of business operations caused by the US".
…
The International Monetary Fund (IMF) has cut its growth forecasts for the global economy for this year and next.
It predicts growth of 3.2% in 2019, down from its April forecast of 3.3%. Growth next year is set to pick up to 3.5% next …
The Ghana Cocoa Board has dismissed a report suggesting that Ghana failed to secure buyers for its 2020/2021 cocoa beans.
According to the report by Bloomberg, Ghana failed to secure buyers last Wednesday due to the “high” price of th…
The Ghana Community Network Services Limited (GCNet) has been adjudged the Trade Facilitation Organisation of the Year for the third consecutive time at the Ghana Shippers Awards recently held in Accra.
The company was also recognised a…
The Koforidua Branch of the Social Security and National Insurance Trust (SSNIT) has recovered a total of Gh¢ 5.1 million as arrears from employers who had not paid contributions for their workers since January this year .
The exercise…
Eighteen (18) entrepreneurs from the Upper West Region have been selected to benefit from the government's flagship "National Entrepreneur and Innovation Programme NEIP".
They are part of the 12,000 entrepreneurs, nationwide, to receive…
Dr Manfred B. Ewool, Senior Research Scientist and Maize Breeder at the Crops Research Institute (CRI) has said that the Institute, with support from the World Food Programme, has targeted about 7,500 farmers for the production and dissemi…
Vice President Dr Mahamudu Bawumia has told Canadian investors that Ghana has the best investment environment in Africa for both local and foreign investors.
He said Ghana did not only have stable political and security environment, but…
Word from the Secretary General
We recently held our 8th Aviation Stakeholder’s convention which took place in Mauritius and brought together more than 300 delegates from across the globe to stimulate dialogue, build sustainable network…
The Managing Director of the National Investment Bank (NIB) Mr. Samuel Sarpong is confident the bank will soon experience a rebound in its operations and take an enviable place in the banking industry. Mr. Sarpong said this at recently hel…
Weekly Highlights
Producer Price Inflation rose to 7.6 percent in June.
Economic sentiment witnessed recovery.
Money Market Returns remained relatively stable.
GSE closed on a positive note.
Ghana cedi advanced against the Br…
Mobile Telecommunication Network (MTN) has been declared the Fastest Mobile Network, Best Coverage Network and the Best Mobile Network in Ghana based on Ookla’s Speedtest Data from Q1-Q2 2019.
Ookla is a global leader in mobile and broa…
The African Development Bank re-affirmed its intention to boost economic and regional development on the African continent when its Board of Directors approved a $300 million support facility for the Eastern and Southern African Trade & De…
It has emerged that the Ghana Police Service does not have a digital forensic laboratory that will be used for forensic examinations on exhibits retrieved in the course of investigations.
The absence of the facility has deprived the P…
For the first time since taking office in April 2017, the Governor of the Bank of Ghana (BoG) and Chairman of the Monetary Policy Committee (MPC), Dr Ernest Addison, has openly expressed worry about the fiscal position of the country, expl…
The Mauritius Leaks have once again revealed the devastating impact of tax avoidance. ICRICT calls for multilateral accord to overhaul the international tax system, the end of tax havens, the adoption of a minimum global tax and the creati…
The BBC's weekly The Boss series profiles different business leaders from around the world. This week we speak to Marcin Kleczynski, chief executive and co-founder of US antivirus software company Malwarebytes.
A lot of entrepreneurs ha…
South Korea’s Hyundai Motor Co (005380.KS) laid out its U.S. sales turnaround plan on Monday with an expanded line-up of sport-utility vehicles (SUV), after posting its biggest quarterly profit jump in seven years.
The automaker forecas…
Carmaker Volvo has announced that it is recalling 507,353 cars worldwide after investigations identified a problem with plastic intake manifolds - a device that sits on top of the engine in a car distributing air to each cylinder.
Volvo…
Fifty-seven young people in the Ashanti Region have received GH¢317,500 funding support to start up their business in the construction sector under the Youth Inclusive Entrepreneurial Development Initiative for Employment (YIEDIE) programm…
Mr Steven Ocloo, a pharmacists and entrepreneur, has called on businesses in the informal sector to intensify efforts to scale-up their operations, maximise profitability and create more employment.
He said in order for small scale busi…
The vegetable sellers in the Sunyani Municipality have expressed worry that lack of facilities for vegetables preservation is resulting to financial losses and collapse of their businesses.
They said one major challenge in the vegetable…
The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has for the third consecutive time this year maintained the Monetary Policy Rate at 16 per cent on the back of positive external sector developments, improved growth and subd…
Ghana’s public debt stock is sustainable even though the large foreign investor component makes the economy vulnerable, the Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has said.
He called for a shift in the conversation ar…
The Department for International Trade is to be given part of the official £14bn aid budget.
It will spend the funds on helping developing countries learn from UK expertise on trade deals and attracting foreign investment.
The move w…
Supply of shares continued to be in excess over demand as the GSE Composite Index recorded its worst performance for the past six months and closed the week with a year-to-date loss of 9.46%.
ACCESS, EGH and CAL caught some positive rea…
2019 OFID Annual Award for Development recognizes Vida Duti’s remarkable water and sanitation work in Ghana
The 2019 OFID Annual Award for Development has been conferred upon Vida Duti, in recognition of her remarkable work in striving …
The Majority Leader in Parliament, Mr Osei Kyei-Mensah-Bonsu, has made a strong case for retailers, calling on the government to strictly enforce the legislation that reserves that space for Ghanaians only.
He also urged the government …
Ecobank Ghana has presented financial support packages to 16 selected medical students across the country to travel abroad for the 2019 medical training exchange programme.
The students were selected from the Kwame Nkrumah University …
Africa Centre for International Trade and Development (ACINTaD) has called for the need for strong institutions and quality infrastructure to be put in place for successful implementation of African Continental Free Trade Area (AfCFTA).
…