Audit and assurance firm, PricewaterhouseCoop ers (PwC), is seeking buyers for landed properties of the UT and the Capital banks to help mobilise funds to pay off their creditors.
The four properties situated in Tamale in the Nort…
Oxfam has revealed that three of the men accused of sexual misconduct in Haiti physically threatened witnesses during a 2011 investigation.
The charity has published its internal report on alleged abuse by some of its staff following pu…
Sir Philip Green has vehemently denied a report that he is planning to sell his Arcadia retail empire.
In a statement, Arcadia said a story in The Sunday Times claiming Sir Philip is in talks to offload all or part of the Topshop-owner …
Aker Energy has struck a deal to acquire Hess’ Ghanaian business for £70million.
Hess’ interests in Ghana include a 50% stake in the deepwater Tano Cape Three Points block, which sits in a “prolific petroleum region”.
Aker Energ…
Karpowership Ghana Company Limited has held a series of stakeholder engagements with various community groups within the Sekondi and Takoradi municipality. The aim of the Engagement sessions was to sensitize stakeholders in the areas about…
The Ghana Tourism Authority (GTA) has awarded 36 tourism facilities and operators in the Northern Region for their contribution towards the development of the industry last year.
The awards ceremony, which was the 10th in the series, sa…
A SEND-Ghana report has revealed financial leakages in the School Feeding Programme introduced to provide one daily meal to children in primary school. The 17-page annual report established that delay in reimbursement of funds to caterers …
GE to Help Increase Output and Reliability of Shell Petroleum Development Company’s Afam VI plant in Nigeria
At optimal performance, the Afam VI plant can provide up to 15% of the total national grid-connected electricity
GE&rsq…
Cassava is vital to the food security of millions of Africans who eat some form of the root crop daily. Although cassava breeders are making progress, they still face significant challenges in developing disease-resistant varieties that al…
Fast-food chain KFC has closed hundreds of outlets across the UK after they ran out of chicken.
Things were not so finger-licking good for disappointed fried chicken fans after problems with a new distribution system forced the closures…
The Minister of Business Development, Mr Mohamed Ibrahim Awal, has announced plans by the government to set up a special fund to support start-ups to get access to cheaper sources of funds.
The fund, expected to have a seed capita…
Overall fintech in Africa will grow from around US$ 200 million currently to US$ 3 billion by 2020
KIGALI, Rwanda, February 15, 2018/ -- Millions more people in Africa now have access to financial systems thanks to cashless systems us…
Key Highlights:
The internet penetration in the African markets is 16% today and is set increase by 50% in 2025. There are 57 million people who have smartphones in Africa and there will be 360 million in 2025.
eCommerce-l…
Unknown hackers stole 339.5 million roubles ($6 million) from a Russian bank last year in an attack using the SWIFT international payments messaging system, the Russian central bank said on Friday.
The disclosure, buried at the bottom o…
Recognising Economic Community of West African States and Civil Society's Role in Resolving Crisis in Guinea-Bissau
David Clay, UK Deputy Political Counsellor to the United Nations, at the Security Council Briefing on Guinea-Bissau
…
Stakeholders at a two-day workshop on livestock and transhumance have emphasised the need for Ghana to capitalise on the economic gains of the sector through proper coordination and laid down regulations.
“As a country, we need to find …
Parliament has passed the Special Petroleum Tax amendments bill 2018 to reduce the levy from 15 to 13 per cent. It is expected that fuel prices would decline by 70 pesewas following the revision of the tax.
This means a consumer would …
The food industry is massive, and Nestle (NSRGY) has a commanding presence in the global market. Throughout much of 2017, Nestle faced headwinds that sapped much of its sales growth, and changing consumer trends have required the food gian…
Sweden is one of the most innovative countries in the world, yet has a business culture that discourages bragging about its success.
So is this humility a help or a hindrance when it comes to start-ups?
From household names such as S…
Goldstar Air, a wholly Ghanaian owned airline and Ethiopian Airlines have signed an agreement for the former to use the latter’s Maintenance Repair Organisation (MRO) in the interim.
The Ghanaian airline said it was working hard to have…
The annual consumer price inflation (CPI) eased to 10.3 per cent in January from 11.8 per cent the previous month, the Ghana Statistical Service has said.
It is the lowest in at least five years, giving the Bank of Ghana room to resume …
The Anglican Diocesan Development and Relief Organisation (ADDRO), a faith based organisation has empowered women groups in the Upper East Region through entrepreneurial skills development and income generating activities.
The 57 women …
Several retail outlets in the Ho Municipality run out of stocks of chocolates on Valentine’s Day, checks by the Ghana News Agency has revealed.
As early as 1400 hours, brands under the Golden Tree chocolate bars, notably Kingsbite, were…
Warren Buffett had a Valentine’s Day surprise for investors in Teva Pharmaceutical Industries Ltd (TEVA.TA).
A regulatory filing with the U.S. Securities and Exchange Commission (SEC), known as a 13F, showed that Buffett’s Berkshire …
In parallel to the “Photovoltaica” congress of renewable energies in Marrakech, Voltalia (Euronext Paris, ISIN code: FR0011995588) (www.Voltalia.com) announces it has obtained permits for two hydropower plants of 9.8 MW and 7.2 MW in Moroc…
Accra Brewery Limited (ABL), a subsidiary of Anheuser-Busch InBev (ABInBev), has celebrated its key distributors for their hard work and outstanding contribution towards the company’s continued growth in 2017 at a ceremony in Accra.
The…
Ghana has been lauded for its performance under African Growth and Opportunities Act (AGOA); more than doubling its exports to the United States to about $300 million between 2016 and 2017, reflecting a general growth of African exports t…
Investors continue to dive into cryptocurrencies, either to experiment with the new technology or at least hunt for massive returns. But all that money would probably be better off invested elsewhere.
Even after the volatility of the la…
The Association of Ghana Industries (AGI) Volta/Eastern branch in partnership with the Ghana Journalists Association (GJA) Volta, is organising the first business breakfast meeting in the Region in Ho.
The meeting, scheduled for Februar…
The US has rejected a proposed merger between the Chicago Stock Exchange and a Chinese-linked investor group.
The decision comes after more than two years of reviews by officials.
The tie-up was initially approved by the Committee on…
Tullow Ghana has announced the appointment of Mr. Kweku Awotwi as its new Managing Director, effective March 1, 2018.
The former Chief Executive Officer of the Volta River Authority (VRA) replaces Tullow Ghana MD Charles Darku who ret…
The Ghana Cocoa Board (COCOBOD) is running on a $2-billion budget deficit, as the price of cocoa falls on the international market, its Chief Executive, Mr Joseph Boahen Aidoo, has said.
“Cocoa contributes significantly to the cou…
Innovation Accelerator Startupbootcamp Hosts FastTracks to Source Top Startup Talent Across the Globe – Applications Now Open!
The 3-month bootcamp kicks off in September 2018 in Cape Town, South Africa, and will be led by seasoned inno…
Gary al-Smith, M.anifest, MzVee, and Wiyaala join UNICEF to call for fairer chances for adolescent girls in Ghana
Launch of the UNICEF Ampe Challenge with MzVee and Wiyaala
Four of Ghana’s best known personalities j…
The Youth Advocacy on Rights and Opportunities (YARO), a non-governmental organization (NGO), has organized a day’s training on business plans for selected youth in Tamale to improve their business ideas.
The Business Marketing fair, he…
Some USD 50 billion leaves Africa each year in illicit financial flows – more than the continent receives in development aid – in a vicious cycle that
aggravates poverty and insecurity and enriches criminal networks.
Th…
No industry will remain undisrupted in 2018 and the years to come. But for African telco providers, who have feasted on near-uninterrupted subscriber
and revenue growth over the past two decades, the need to adapt is paramount. In a mar…
flydubai becomes the first UAE carrier to operate flights to N'djili Airport (also known as Kinshasa International Airport)
Dubai-based carrier to start operating daily flights to the Congolese capital from 15 April with an enroute s…
Mr Robert Ahomka Lindsay, a Deputy Minister of Trade and Industry said, Ghana has an unlimited possibilities and opportunities and a steady advancing and dynamic economy.
He said there was no doubt that the World Bank had indicated that…
U.S. online retail giant Amazon said on Thursday it will create 2,000 permanent contract positions this year in France, its largest market in Europe after Britain and Germany.
The increase will bring Amazon’s total number of permanent Fre…
Ghana has been lauded for its performance under African Growth and Opportunities Act (AGOA); more than doubling its exports to the United States to about $300 million between 2016 and 2017, reflecting a general growth of African exports to…
Supermarket chain Lidl has hit a milestone of 700 UK stores after it opened five new stores in one day.
Although the chain is dwarfed by Tesco and Sainsbury, whose stores number thousands, it and close rival Aldi are now third and fourt…
Dr Eric Osei-Assibey, Adjunct Senior, Institute of Economic Affairs (IEA), has advocated for a rethinking of Ghana’s inflation targeting (IT) regime, in order to accelerate the nation’s socio-economic development.
He said, if Ghana’s IT…
The capital’s three leading malls, West Hills Mall, Accra Mall and Achimota Retail Centre, have jointly unveiled an unprecedented holiday promotion, which will sponsor lucky shoppers and their partners on all-expense-paid trips to dreamlan…
Dr Johnson Asiamah, a former Deputy Governor of the Bank of Ghana (BoG), on Wednesday called for a concerted effort to enhance the effectiveness of the monetary policy regime in the country.
Dr Asiamah said in Ghana, the financial marke…
BEIGE, a Financial Services Provider has launched a tier-3 personal pension scheme targeted at ensuring financial independence for subscribers during retirement.
The ‘EveryDayPension’ retirement plan allows subscribers to save at least …
Mantrac Ghana Limited, the authorized dealers of Caterpillar products and services in Ghana has launched a Mobile Application for its Used Machines. The user-friendly application brings the biggest display of Used CAT® Machine showcased at…
The Africa Tech summit takes place on 14 and 15 February in Kigali, Rwanda
Fintech is boosting financial inclusion across Africa, according to Ecobank (www.Ecobank.com/group), the leading independent pan-African banking group, a pionee…
The Institute of Economic Affairs (IEA) has asked the Bank of Ghana to assess and review the country’s inflation-targeting regime 10 years after its implementation.
Although the regime had helped in reducing inflation over the period of…
India's second largest state-run bank has uncovered a $1.8bn (£1.3bn) scam linked to a single Mumbai branch.
The fraud amounts to nearly a third of Punjab National Bank's (PNB) market value, and 50 times its profits for the last quarter…