Weekly Highlights
10-year ESLA Bond oversubscribed.
GSE whipsawed previous week’s gain as it closed in the red.
Interest rates on 91-Day and 182-Day T-Bills trimmed after week’s auction.
Ghana cedi closed the trading week on a …
Eseye, MTN and SolarNow to present the easiest way to deploy cellular IoT at Amazon Web Services (AWS) Summit
Eseye to launch New AnyNet IRIS™ gateway App for AWS services
The Amazon Web Services (AWS) Cape Town summit (https…
The Ministry of Inner-City and Zongo Development has rolled out a nationwide training programme to equip the youth with relevant skills and knowledge for the contemporary labour market.
The programme, a collaborative work of government…
An investor watches the electronic board at a stock exchange hall on June 20, 2019 in Hangzhou, Zhejiang Province of China.
Asian stock markets fell across the board on Monday.
Japan's benchmark Nikkei 225 fell nearly 1%.
In China…
Flyadeal, the low-cost Saudi Arabian airline, has cancelled an order for 30 Boeing 737 Max aircraft.
The decision follows the crashes of two 737 Max jets, the first in Indonesia in October followed by one in Ethiopia in March, which kil…
The Ghana Stock Exchange (GSE) expects to change its legal status from a mutual entity limited by guarantee to a company limited by shares by end of the year.
The process known as demutualization will change the ownership structure of t…
The Mobile Telecommunication Network(MTN), Ghana is to give out 1,000 prizes and ten cars to commemorate the celebration of the tenth anniversary of the establishment of the MTN mobile money platform.
This was announced by Mr Selorm Ad…
About 90,000 farmers have been registered by the Bawku Municipal Department of Agriculture to participate in this year's Planting for Food and Jobs (PFJ) programme in the Bawku Municipality and its environs.
About 60 input dealers have …
The government has been urged to redesign its revenue mobilisation strategy to focus on property tax to raise the needed revenue for the country’s development.
Professor Sir Paul Collier, Director, Centre for Study of African Economie…
Recipe for African Continental Free Trade Area (AfCFTA): New report looks at ‘what’s next’ for the Continental Agreement
Mr. Kituyi expressed his “solidarity and partnership with ECA and AUC” and urged the African business community to …
UN’s Amina Mohammed pledges full support as Africa begins to implement African Continental Free Trade Area (AfCFTA)
It was essential to act now, not only to ensure that women benefit from the AfCFTA but also the African youth given the …
MAURITIUS REMAINS LEADER OF THE AFRICAN TELECOMS BUT ALGERIA & SOUTH AFRICA TAKE OVER GHANA AND TUNISIA FOR 2ND AND 3RD PLACE.
BuddeComm’s Telecoms Maturity Index revealed last year that Mauritius lead the telecoms market in Africa fol…
British Airways is facing a record fine of £183m for last year's breach of its security systems.
The airline, owned by IAG, says it is "surprised and disappointed" by the penalty from the Information Commissioner's Office (ICO).
At t…
More than 150 Japanese companies have expressed interest to invest in Ghana and other African countries, the Japan External Trade Organisation (JETRO) has said.
The companies include Mitsubishi Heavy Industries Limited, Keihin Battery C…
The Board Chairman of Trustwork Oakbuild International Limited (TWOBIL), Mr Kofi Obeng-Ayirebi, has reiterated the need for businesses to position themselves well to be able to access global financing.
He said local industries needed th…
Market Performance
Market Indices Trend
Top Trades by Volume
Top Trades by Value
Gainers & Losers
The benchmark index shed 64.58 points (-2.70%) last week to close at 2,330.24 with a -9.41% year-to-da…
Ghana’s quest to have 30 per cent of its gold locally processed is on course as Gold Coast Refinery Limited in Accra, continues to add value to gold, three years after its setup.
Sited within Airport Light Industrial Area, the refiner…
Unilever Limited under its Pepsodent brand has sponsored a global study to promote good oral health among parents and school children across the world.
The study which was carried out in eight countries around the world was on the top…
The South Akim Rural Bank limited made a net profit of GhC2,160,363.00 for the year 2018.
The figure is a reduction of 7.83 per cent of the net profit of GhC2, 343,843.00 made by the bank the previous year.
This was announced by the …
Mr Isaac Adongo, the Member of Parliament (MP) for Bolgatanga Central constituency has called on government to consider the concept and realisation of domestic borrowing instead of foreign borrowing.
Mr. Adongo also a member of the Fina…
Professor Alex Dodoo, the Director-General of the Ghana Standards Authority, has urged exporters to pay attention to quality and standards of their export products to become competitive on the international market.
He said it was import…
The American Chamber of Commerce-Ghana (AMCHAM) has received commendation for the good work it is doing for its members and for the economy.
In an interview, as part of a special supplement to commemorate the 30th anniversary of AMCHAM,…
Amen Scientific Herbal and Alternative Medical Hospital has been adjudged the Herbal Company of the Year.
The hospital was recognised by the Pharmaceutical Society of Ghana for its quality delivery of healthcare and the use of herbal …
Cargill Cocoa and Chocolate has reiterated their commitment to work closely with COCOBOD and other stakeholders to ensure a long term and sustainable impact for farmers and the cocoa sector.
A statement from Cargill and copied to the Gh…
Madam Margaret Jackson, a Managing Partner of Rainbow Consult, a management consulting firm, has called on private businesses to improve upon internal corporate ethics and also do away with all forms of corruption.
She said Ghanaian bus…
From the 2020/21 cocoa season, every tonne of cocoa beans from Ghana and Cote d’Ivoire that will be sold on the international market will attract an additional $400 as a living income differential.
The amount will be paid by buyers of…
The Ghana Community Network Services Limited (GCNet) has been adjudged the Public Sector e-Solutions Provider of the Year at the ninth Ghana Information Technology and Telecoms Awards (GITTA) held in Accra.
GCNet was also adjudged the I…
Vodafone has pledged its commitment to the mining industry as the digital economy enters a new phase of growth.
A statement from Vodafone Ghana to the Ghana News Agency explained that with the emergence of the Internet-of-Things, artifi…
Mr Eliot Edem Agbenorwu, Ketu South Municipal Chief Executive (MCE) has said plans are far advanced for the Municipality to start government's flagship One District, One Factory" (1D1F).
He said the Assembly had acquired large tracts of…
Seed producers in the Northern Region have been advised to adopt the out-grower and community seeds production systems whereby one farmer can engage about 10 to 20 farmers to produce large acres of seeds.
The move is to help increase th…
Market Summary
Gains in two banking stocks pushed the benchmark index up by 0.40 points (+0.02%) to close at 2,325.00 with a -9.61% YTD return while market capitalization increased by 0.01% to settle at GH¢58.02 billion.
GCB Bank L…
Telecom operator AirtelTigo has been inducted into the “Hall of Fame” of the Ghana Information Technology and Telecom Awards (GITTA) for its consistency in pioneering innovation in the telecommunications industry in Ghana.
The honour on…
Vodafone Ghana has been awarded the prestigious CSR Company of the year award at the Ghana Information Technology and Telecommunications (GITTA) awards.
The company's Foundation was recognised for its passion in executing innovative ini…
Goil has entered into a joint venture with Societe Multinationale de Bitumes (SMB) of Cote d’Ivoire to construct a $35 million bitumen plant in Tema.
The plant, which has the capacity to produce 8,000 tonnes of Polymer Modified Bitumen …
Car use will still need to be curbed even when all vehicles are powered by clean electricity, a report has said.
It warns that electrifying cars will not address traffic jams, urban sprawl and wasted space for parking.
The Centre for…
"I lost my wife Carole, my three children Ryan, Kelly and Ruby and I also lost my mum-in-law. I feel so lonely. I look at people. I see them with their children playing outside and I cannot have my children - I'll never be able to see thei…
William Hill's decision to close 700 shops could just be the beginning of a wave of High Street betting shop closures, an analyst has warned.
Between 2,000 and 3,000 bookies could close out of the UK's 8,400 shops, analyst Gavin Kellehe…
Representatives of a government-owned bank are suspected of forging signatures on court documents in repossession cases, the BBC's Victoria Derbyshire programme has been told.
In the US, such practices - on a very large scale - led to b…
Jaguar Land Rover (JLR) is investing hundreds of millions of pounds to build a range of electric vehicles at its Castle Bromwich plant in Birmingham.
Initially the plant will produce an electric version of the Jaguar XJ.
JLR says the…
American companies in Ghana are poised to drive economic growth in the country, President of the American Chamber Ghana, Mr Joe Mensah, has said.
He said American companies were making significant progress towards the development of the…
Britain's oldest building firm, R Durtnell and Sons, has ceased trading, putting more than 100 jobs at risk.
The company was founded in 1591, and has been run by 13 generations of the same family.
The company was working on a £22m pr…
Fishermen in New Takoradi, a sub of Sekondi-Takoradi Metropolis have expressed gratitude to the government for the one month ban on fishing in the seas.
The fishermen expressed joy as the closed season helped them to take care of thei…
AngloGold Ashanti (Ghana) Limited, in response to a request, has donated six computers and four air conditioners to the Department of Legal Services of the Ghana Armed Forces (GAF).
The Head of Legal and Corporate Affairs at AngloGold A…
Mr. Alexander Frimpong, the Municipal Chief Executive (MCE) for Asante-Akim South, has called on investors and the business community to explore the huge business potentials in the Municipality for investment.
He said the Municipality w…
Adam Bradford, founder of the Safer Online Gambling Group, has also reacted to the William Hill closures which he said were to be expected.
"Betting machines on the high street have caused untold misery and now punters will make their m…
The United Kingdom (UK) has been asked to assist in reviving defunct factories in Kumasi, Ghana's second largest and oldest city, to help create jobs for the growing population.
Mr. Osei Assibey-Antwi, Mayor of the Kumasi Metropolitan A…
Sky Plus Hotel and Resort, the fastest growing two star hotel in Ho has marked its 10th anniversary with a corporate luncheon.
The hotel, which is part of the Archibald Victoria Letsa (AVL) group of companies, has 66 spacious rooms with…
The GSE Composite Index moderated by 35.21 points (-1.51%) to close at 2,324.61 with a -9.63% YTD return due to losses in three banking stocks while market capitalization declined by 0.95% to settle at GH¢58.02 billion.
The GSE Financ…
UN Economic Commission for Africa (ECA) to play pivotal role in retooling Cameroon’s industrial masterplan
A wide gamut of actions to be undertaken to overhaul Cameroon’s second generation Industrialization Masterplan were explored
C…
The Kwik app comes with an integrated geolocation system and offers an efficient transportation service for small packages (up to 25kg) or documents
Launched on the 26th June 2019 on both Apple Appstore and Google Play by the French sta…