The government is supporting private investors to raise up to GH¢2 billion to invest in some seven properly governed and solvent indigenous banks which are under-capitalised.
The funds are to be raised through the issuance of two bonds …
Investors will be glad to see the back of 2018 after many global stock markets suffered their worst year in a decade.
The FTSE 100's traditional early New Year's Eve close saw it end the year down 12% at 6,728.13 points.
Big European…
The Ghana unit of Standard Bank of South Africa, Stanbic Bank Ghana Limited, has absorbed customers of the local subsidiary of Indian-state lender, Bank of Baroda under an arrangement that comes at no cost to the former.
Multiple sour…
Kylie Jenner, Donald Trump, Elon Musk. Snow, heatwaves, hugging and the collapsing UK High Street. There were no dull moments in business over the past 12 months.
Here are the most-read business stories of 2018.
January
A grim sta…
The final weeks of 2018 have been dramatic, to say the least.
Global stock markets are roiling, disturbed in part by the anti-free market trade sentiment that continues to roll-out of Washington.
Looking ahead to the new year, howeve…
The Chairman of Afro-Arab Group of Companies, Alhaji Abdul Salamu Amadu has won the Youth Empowerment and Community Development award at the Karifest Awards held at the Sheraton Awards in Abuja, Nigeria on December 20.
According to the …
China has said it is "ready to work" with the US, suggesting progress in trade talks between the two countries.
It said it would be willing to work with the US to "implement the important consensus" reached at December's G20.
At the …
The Ghana Export Promotion Authority (GEPA) has asked stakeholders to ensure export data integrity by recording and transmitting accurate export data which is crucial for economic planning.
According to Mr Samuel Dentu, Deputy Chief Exe…
Farmer-based organisations (FBOs) in the East Mamprusi District have been equipped with the appropriate entrepreneurial and productivity skills in agri-business to pursue farming as a commercial venture as against subsistence.
The week-…
The government is to announce a GH?2 billion bailout package for some six indigenous banks to enable them to meet the Bank of Ghana (BoG) deadline on recapitalisation, which expires today, December 31.
The package was hurriedly put toge…
Oil prices rebounded on Friday, recovering slightly from heavy losses this week, but remained close to the lowest levels in over a year as rising U.S. inventories and concern over global economic growth rattled markets.
Brent crude oil …
Most shoppers do not trust social media influencers, a survey has indicated.
In the research for BBC Radio 4, 82% of people who took part said it was not always clear when an influencer had been paid to promote a product.
The Adverti…
The African Development Bank Civil Society and Social Innovation Division organized a one- day “Civil Society Awareness Brown Bag Lunch” on 19 December 2018 at the Bank’s headquarters. The Bank, under the leadership of President Akinwumi A…
Leading Chinese construction machinery manufacturer XCMG has recently delivered an order of customized equipment, including truck-mounted cranes, motor sweepers, fire trucks and high-altitude working vehicles, to a client in Africa. The cu…
NEC Corporation (NEC)(TOKYO:6701) today announced the acquisition of KMD Holding ApS, the holding company of KMD A/S (KMD), the largest Danish IT company. NEC is acquiring KMD for approximately 8 billion Danish Kroner (DKK) from Advent Int…
Promasidor Ghana Limited has announced the appointment of Mr Festus Tettey as the new Chief Executive Officer (CEO) of the company effective January 1, 2019.
Mr Tettey succeeds Mr Dirk Laeremans who has been CEO of Promasidor Ghana si…
The richest people on Earth lost US$511 billion ($760.1b) this year after record first-half gains were obliterated by a succession of bruising market selloffs.
Global trade tensions and worries about a US recession dragged markets lower…
Opportunities for investment in Africa often outweigh the obstacles, the African Development Bank’s first Africa-to-Africa (A2A) Investment Report has said. The Report unearths the realities African companies face when investing in Africa…
The benchmark index sustained gains to the second consecutive session on the back of gains in three counters in the banking and telecommunication sectors. The GSE-CI gained 9.68 points (+0.38%) to close at 2,548.74 with a -1.20% year-to-…
The 5p fee for plastic carrier bags in England will be doubled to 10p, and extended to all shops, under plans set out by the environment secretary.
The change is contained in a government consultation aimed at further reducing the plast…
BAE Systems plans to recruit nearly 700 apprentices in 2019, up by almost a third on this year.
The defence firm said the new recruits would join its air, land and maritime businesses and embark on one of 25 training programmes.
Almo…
One of President Donald Trump's key aims in 2018 was to "level the playing field" of global trade. But so far, his main achievement has been to fill the fields of America with giant mounds of unsold soybeans.
Those soybeans used to be sna…
4-H Ghana, a youth leadership focused group, which aims at training young people to be positive contributors to national development, has signed a memorandum of understanding (MOU) with the Food and Postharvest Technology Department of the…
Mr. Solomon Tettey Appiah, Municipal Chief Executive (MCE), Kpone–Katamanso Municipal Assembly (KKMA), says the Kpone landfill site will soon become a synthetic diesel producing hub.
According to Mr Appiah, the landfill site which is a…
Kosmos Energy has announced the selection of 117 promising young entrepreneurs to participate in the Kosmos Innovation Center (KIC) 2019 AgriTech Challenge.
The Kosmos Innovation Center (KIC) is the flagship social investment programm…
The Chairman of the Board of Directors of the Kwaebibirem Rural Bank, at Akyem Asuom in the Eastern Region, Mr Carlos Kingsley Ahenkorah, has stated that the bank has positioned itself strategically for the future in view of the challenges…
Vodafone Ghana has purchased a 2x5MHz frequency spectrum block in the 800 MHz Band for mobile services which will allow it to provide 4g services to its customers.
According to a statement issued by the National Communications Authori…
Livestock sellers at Fadama, a suburb of Wa Municipality in the Upper West Region, say they are encountering low sales this Christmas season.
As the festive season approaches one will expect a boom in the sales of livestock in the marke…
Tesla Inc has slashed prices on its Model 3 electric car in China.
According to the California-based electric carmaker’s Chinese website, prices of certain Model 3 cars were cut by up to 7.6 percent. The starting price for a Model 3 in …
Beauticians in the Sunyani Municipality are making good money as demand for their services goes up with the approach of Christmas. Many of them, who spoke to the Ghana News Agency (GNA), said there were seeing tremendous increase in the n…
The Wa East District Assembly, through innovative revenue mobilization strategies, has exceeded its revenue target for 2018 by 12.95 per cent. It had targeted to mobilize GH?576,978.00, in 2018, but as of the end of November, it had collec…
The Port of Takoradi would soon play host to the largest on-dock container terminal with the official signing of the Engineering, Procurement and Construction (EPC) Contract between project owners, Ibistek and contractors Jan de Nul (JDN) …
A Legislative Instrument (L I) on the Office of the Special Prosecutor (OSP) obligates employees of the office to undergo security checks and be cleared before they can enter into any marriage arrangement.
By this, the Office would thor…
A Luxembourg Space Agency Study Predicts a Market Revenue of up to 170 Billion EUR Generated by the Space Resources Utilization Industry over the 2018-2045 Period
According to an in-depth study conducted by the Luxembourg Space Agency, …
Mr Joseph Stephen Nyarni, the Ga South Municipal Chief Executive (MCE), has called on Metropolitan, Municipal and District Assemblies (MMDAs) to place emphasis on Internally Generated Funds (IGF) for their development needs.
He said thi…
Mr Evans Anakwa, the Greater Accra National Disaster Management Organization (NADMO) Hydro Director, has called for attitudinal change from the public to reduce the incidence of disasters in the society.
Mr Anakwa said this during a sen…
The Chief Executive Officer of the Women's World Banking Ghana (WWBG), Ms Charlotte Baidoo has said the company made significant progress this year despite the challenges that faced the financial sector in the country.
She said the ch…
The world, is predicted to enter the New Year with the lowest level of extreme poverty in history – at eight percent.
According to latest estimates by World Data Lab, 600 million people globally, would start 2019 living in extreme pover…
The Energy Ministry has announced that the Licensing Round Committee, on Friday December 21, opened applications for prequalification received from interested companies who submitted Expression of Interest (EoI) for the competitive bidding…
Market Performance
Market Indices Trend
Top Trades by Volume
Top Trades by Value
Gainers & Loser
Market Summary
The benchmark index continued its bearish trend, down 30.89 points (-1.20%) to close at a…
Mongolia's Cryptocurrency Exchange "AIS-X" Establishes Business Partnerships with Local Financial Institutions, Starting Operations as an Integrated Financial Service from March 2019
Mongolia’s Cryptocurrency Exchange AIS-X (operated by…
South Korea-based carmaker Hyundai Motor Co. (005380.KS) expects growth in the Russian auto market to slow sharply next year, the head of its Russian branch said on Monday.
Automakers have warned Russia’s plan to raise value added tax i…
A central database to register all merchants of telecom companies in the country is being developed as part of measures to sanitise the industry and check fraud. It is expected to be rolled out by the first quarter of next year.
To be…
If our great nation Ghana can become self-reliant and industrialized then there is the need for patriotism, hard work towards national building.
All hands are needed on deck to move Ghana beyond Aid, said Mr Hope Kumah, Effutu Municipal…
The Agona East District Assembly has established a seed bank to raise high yielding varieties of oil palm and coconut seedlings for farmers.
The two cash crops were selected by the Assembly to produce raw materials for factories under t…
Parliament on Saturday evening approved and authorised an amount of GHC 78.771 billion to be withdrawn from the Consolidated Fund, and for withdrawal from other funds to finance Government operations during the 2019 financial year.
The …
A partial US government shutdown over budget spending could continue right up to the opening of the next Congress on 3 January, a Trump aide has said.
The shutdown began at midnight Friday after opposition Democrats resisted President D…
A foam manufacturing company, Ashfoam has inaugurated a new showroom in Ntsin, a community in the Cape Coast South Constituency.
The facility, the second to be established in the central region, is expected to generate employment in t…
Cargill, a company committed to nourishing the world in a safe, responsible and sustainable way, has outlined its plan to eliminate deforestation from its cocoa supply chain in a plan, dubbed the “Protect Our Planet”.
The Plan provides …
Strategic Communication Africa Limited (Stratcomm Africa), a communications company headquartered, in Accra, has received the Professional Services Provider of the Year (2017), at the Chamber Business Awards.
This adds to the 2017 Corpo…