The Standard Chartered Bank has recorded profit before tax of GHC 346 million, representing 279 per cent growth compared to GHC 91 million as at December 2015. Profit after tax amounted to GHC224,511, up from GHC66, 148 in 2015.
Opera…
The Minister of Finance, Mr Ken Ofori-Atta, yesterday defended the $2.25-billion bond issued by the government, saying the process had been transparent and that all the rules governing the issuance of government bonds were complied with.
…
Oil prices slid 5 percent on Wednesday to a one-month low, after an unexpected increase in U.S. inventories of crude and gasoline fanned fears that output cuts by major world oil producers have not done much to drain a global glut.
Crud…
The hard work and sacrifice of Ghanaian market women will finally be acknowledged and appreciated at an annual event. This was made known at the recent launch of the first-ever Market Women’s Day Celebrations.
Speaking at the launch, a …
LAST month Britain joined a growing number of countries in which cigarettes can only be sold in plain packs. Tobacco companies claim that the move will boost the sales of contraband cigarettes by making them trickier to spot. There is on…
ECONOMIC optimism is on the rise around the world. A new survey from the Pew Research Centre, a think-tank, finds that residents of America, Europe and Japan are more confident about their countries’ economies than they were before the fin…
A Deputy Chief Executive Officer (CEO) of the Ghana Export Promotion Authority (GEPA), Mr Akilu Sayibu, is leading a five-member delegation of senior officers of the authority to a three-week working visit to China.
They will participat…
Standard Chartered Bank Ghana Limited says it will transfer GHC60 million from its retained earnings to its Stated Capital in compliance with the minimum capital requirement set by the Bank of Ghana.
The Banks and Specialised Deposits T…
The Philippines has temporarily banned its workers from travelling to Qatar after several Arab countries broke off diplomatic ties with the Gulf state.
Qatar is being isolated by its neighbours who accuse it of supporting Islamist milit…
Professor Cletus Dordunoo, Board Chairman, First Fund Limited, says the Fund will continue to position itself to churn out great returns in 2017 and beyond. First Fund closed the year with an annualised yield of 36.16 per cent, despite the…
Mr Yofi Grant, the Chief Executive Officer (CEO) of Ghana Investment Promotion Centre (GIPC) on Tuesday said his outfit has engaged in series of reforms to make investment attractive to both local and foreign investors.
Mr Grant said th…
Ghana has signed onto the consultative International Cashew Council, becoming the first English-speaking country to become a member. Mr William Agyepong Quaitoo, Deputy Minister of Food and Agriculture, who signed the convention, said t…
Mr Peter Larbi-Yeboa, the Fund Manager for the HFC Future Plan Trust and Equity Trust, says concrete strategies had been put in place to take advantage of the capital and money markets to ensure growth.
Mr Larbi-Yeboa, who is also the G…
The government of Ghana has reiterated its commitment to achieving an information society; a goal which will be given added impetus with the country’s hosting of the second Africa Open Data Conference in July 2017.
Ghana, one of the fir…
Ghana and India are collaborating under a Pilot Research Project on Tomato Production, which would ensure that there is abundance production and supply of the crop in the country all year through.
The project which seeks to pilot tomato…
The Finance Minister, Mr Ken Ofori-Attah will meet Members of Parliament on Wednesday over the $2.25 billion bond issue, reports Graphic Business’ Emmanuel Bruce from Parliament House.
The meeting will be in line with an earlier Order b…
$20 million agreement for Liberia’s first solar field inked as Prime Minister Netanyahu arrives; “Power to the African people,” says Israeli MP Neguise
Under the MOU signed today between the State of Israel and ECOWAS, Israel’s lead…
Kwesé TV has signed distribution agreements with Africa’s leading mobile network operators (MNOs) establishing a significant pan-African distribution network for its core products.
The MNOs represent a combined customer base in excess o…
The Minister of Food and Agriculture, Dr Owusu Afriyie Akoto, has said increased consumption of locally processed cocoa can inure to the benefit of cocoa processing companies in the country.
He said increased consumption would present a…
The Agricultural Development and Value Chain Enhancement (ADVANCE) project, aimed at increasing the competitiveness of the maize, rice and soya (MRS) value chains in Ghana, has in the last three years - October 2014 to January 2017- reache…
The Ghana Export Promotion Authority (GEPA) is to work with the various district assemblies to identify exportable products within their localities as part of measures to boost non-traditional exports.
As a first step, GEPA would hold …
Madam Shirley Ayorkor Botchway, Minister of Foreign Affairs and Regional Integration, has directed the re-establishment of the Economic, Trade and Investment Bureau (ETIB) at the Ministry.
She explained that the re-establishment of the…
Citi FM in partnership with the Ghana Investment Promotion Centre (GIPC) is organising a day’s forum dubbed Citi Business Festival on the state of Ghana’s readiness to attract the needed investment for economic transformation.
The inves…
Consumers spent less at the shops last month as they felt "the pinch" from rising inflation and weak wage growth, the British Retail Consortium has said.
In the month to the end of May, sales in shops fell by 4.4%, the sharpest fall in …
The Ghana Commercial Agriculture Project (GCAP) has identified 20,000 hectares suitable for rice cultivation in the Nasia-Nabogo valley in the Northern Region.
Feasibility studies in the area reveal that while half of the land could be …
Global airlines made a full-throated defense of globalization on Monday at their largest annual gathering, vowing not to give up on climate change agreements and calling for a swift resolution of a diplomatic rift threatening air travel in…
NEW YORK (Reuters) - Wall Street stocks dipped on Monday, weighed down by Apple, as world equity markets fell with oil prices, while the U.S. dollar recovered from a near seven-month low against the euro.
Sterling firmed as investors fo…
The Akrofuom Teachers’ Co-Operative Credit Union continues to show strong performance, posting a net surplus of GHc151,848.02, last year. This represented an increase of GHc32,761.64 over the previous year’s figure of GHc119,086.38. Mr. J…
Painter Mensah Koevi experienced the rewards of loyalty in a grand way when he was presented with the keys to a brand new Hyundai Accent salon car as the second winner of Coral Paint’s ‘Paint your dream into reality’ promotion.
For over…
Ghana is expected to produce its first oil from the ENI Sankofa-Gye Nyame field in July.
The Field, which is estimated to produce 50,000 barrels of oil per day after the start of commercial production, will also start producing gas in t…
The U.S. and Mexican governments reached a deal in a dispute over trade in sugar on Monday, sources said, averting steep U.S. duties and Mexican retaliation by Mexico on imports of American high-fructose corn syrup ahead of the renegotiati…
Arsenal and Tottenham could have a chance of signing Djibril Sidibe this summer after the Monaco right-back again opened the door to a move to the Premier League.
Sidibe, 24, revealed last season he might have joined Arsenal rather than…
Herbalife Ltd (HLF.N) said on Sunday it expects current-quarter revenue to fall more than previously expected, after sales were hurt amid efforts by the nutritional supplement maker to comply with regulatory requirements related to its bus…
Sales of new cars fell 8.5% in May from a year earlier, with buyers cautious in the run-up to the general election, the Society of Motor Manufacturers and Traders (SMMT) has said.
The SMMT said 186,265 new cars were registered in May.
…
The Ghana Chamber of Mines has initiated a process to launch an online portal on local content to provide in-depth information on mining inputs required by members, which manufacturers and suppliers could bid to provide.
The portal, whi…
The Afosu Area Cocoa Farmers Association in the Birim North District of the Eastern Region has appealed to government to institute a pension scheme for cocoa farmers to free them from poverty in old age.
This could be done by deducting …
The World Bank Group’s (WBG) new Cascade approach aims to systematically connect private financing with high-impact development projects.
Mr Joaquim Levy, the Managing Director and World Bank Group Chief Financial Officer, said: "In …
Ghana's gold output rose 46 percent in 2016 compared to the previous year as new projects came on stream and artisanal mining output expanded, the Ghana Chamber of Mines said in a report on Friday.
Total gold output stood at 4.13 millio…
New orders and jobs supported strong business activity across the eurozone in May, according to new data.
Growth last month remained at its fastest pace for six years, according to a survey of purchasing managers in both services and ma…
U.S. services sector activity slowed in May as new orders tumbled, but a jump in employment to a near two-year high pointed to sustained labor market strength despite a deceleration in job growth last month.
Other data on Monday showed …
ShawbellConsulting, has marked its 15th anniversary celebration with a call on the government to stridently implement its policy commitments by encouraging public agencies, development partners and other entities to engage indigenous profe…
Saudi Arabia, Egypt, Bahrain, the United Arab Emirates, Libya and Yemen have cut diplomatic ties with Qatar.
But what might this mean for Qatar's economy and people doing business there?
With a population of about 2.7 million people,…
People are drinking fewer alcoholic drinks, according to a new industry report tracking consumption worldwide.
Beer sales continued to slide last year and the trend towards cider sipping stalled.
The global market for all alcoholic d…
The Minister of Food and Agriculture, Dr. Owusu Afriyie Akoto, has called for stricter sanctions for Freight Forward Operators, Customs Officers as well as individuals and institutions who fail to adhere to due processes in the export of f…
Store closings and even dead malls are nothing new, but things might be about to get a whole lot worse.
Between 20% and 25% of American malls will close within five years, according to a new report out this week from Credit Suisse. That…
If saving money was easy, everyone would be doing it. Unfortunately, the excuses for not are easy to stack — what with mortgage or rent, utilities, kids, student loans, pets, food and just the slightest social life, it can seem like there …
Now’s the time to maximize your savings
The 40s decade is likely when a person will reach their peak income.
Danny Kofke, a 41-year-old middle-school teacher outside of Atlanta, often looks at a picture of a family trip to Disney Wor…
The Technical and Vocational Education and Training (TVET) system in Ghana is supposed to be going through a transformation as recommended by Government White Paper (October 2004). The white paper states that there should be a radical tran…
The Eastern Regional Cocoa Service Extension Officer, Mr. Rabdy Boitey, has called for cocoa farmers to give strong support to the artificial pollination programme introduced to boost crop yield and returns.
He said it was in their own …
A human resource development company, Acreaty Management PLC, has initiated a programme to equip young graduates with entrepreneurial skills to enable them to create employment for themselves.
Under the programme, Acreaty will liaise wi…