The continuous dwindling in the fortunes of the cashew sub-sector has ignited calls on the government to save the situation from its present quagmire.
Subsequently, the Cashew Industry Association of Ghana (CIAG) has called on the gover…
Concerns over the huge foreign dominance in the country’s recent uptake of $2.25 billion in offshore bond transaction have sparked fears of imminent exchange rate shocks when investors withdraw from the market.
Ghana sold GH¢ 3.42 billi…
The busy and congested nature of the Central Business District of Accra has been reduced as most traders have travelled to their hometowns to celebrate the just ended Easter festivities.
A survey conducted by the Ghana News Agency (GNA)…
The Africa Centre for Energy Policy (ACEP) is urging government implementing the provisions in the Petroleum (Exploration and Production) Act, 2016 Act 919, with emphasis on the award of oil contracts.
Implementing the provisions, ACEP …
The Energy Media Group, producers of Energy Ghana magazine has called on Deputy Minister of Energy Dr Mohammed Amin Adam to present copies of its quarterly bulletin to the Ministry.
Dr Adam who expressed appreciation to the Energy Media…
The Ministry of Information has launched a national policy summit aimed at regularly informing the public on detailed government strategies on revamping the economy for sustained growth.The expectation of the maiden summit is to build part…
Customers of Standard Chartered Bank Ghana can now enjoy instant transfers to the bank accounts of other banks following the Bank's successful integration of the Ghana Interbank Payment and Settlement System's (GhIPSS) Instant Pay.
Acco…
Management of Total Petroleum Ghana Limited has embarked on a campaign to meet and interact with its customers at the forecourts of all of its 230 service stations across the country. This forms part of measures by the company to enhance i…
Some personnel of the Ghana Police Service (GPS) are being equipped to help create the needed safe and secure environment for cashless transactions in the country.
This has become necessary as mobile money (MoMo) transfer is gaining gro…
A former Minister of Finance, Dr Kwabena Duffuor, said that MM sector was poised for growth because it had become widely accepted by the citizenry, therefore, it was incumbent upon banks and insurance companies to align their operations, s…
Letshego Holdings Limited, Africa’s leading financial inclusive finance group, has acquired a 100 per cent stake in afb Ghana Plc, a payroll lending company.
Letshego, a Botswana company with market capitalisation of $500 million with p…
The Minister of Lands and Natural Resources, Mr John Peter Amewu, has directed Seven Sea Salt Company, the salt mining entity at the centre of the clashes at Adina in the Ketu South District of the Volta Region, to stop drawing underground…
The Chairman of the Economic Management Team, Vice President Dr Mahamudu Bawumia, and the Finance Minister Ken Ofori-Atta are leading a government delegation to the IMF/World Bank Spring Meetings being held from April 18 – 28.
The deleg…
Mr Chris Addy Andoh, operator of the Kash Forex Bureau in Tema has called on government to control the activities of black marketers in the foreign exchange business. Mr Andoh in an interview with the Ghana News Agency said activities of t…
The Minister of Finance, Ken Ofori-Atta has directed that names of 26,589 public sector workers be removed from the payroll commencing April 2017 for failure to register on the new SSNIT biometric system.
A statement from the Public Rel…
This feature is a continuation of an earlier publication on the valuation models available to governments and their agencies, managements of corporate bodies, and investors to make meaningful and productive investment decisions. Discussion…
When people think of air travel, they picture planes full of passengers. But air cargo is as vital—perhaps more—to the global economy.
Only one per cent of exports by volume go in aircraft but because they tend to be the most expensive …
Traders in Assin-Fosu, the commercial city of the Assin Central Municipality, have moved their hawking and other trading activities from the designated markets to the streets, pavements and walk-ways.
The situation has aggravated the al…
VIP Jeoun Transport Limited, in partnership with Vivo Energy Ghana, has introduced a new terminal at the Airport Shell Fuel station to provide exclusive services to commuters from Accra to Kumasi.
Dubbed: ‘Premium Centre’, the terminal …
The Member of Parliament for Bolga Central, Mr Isaac Adongo, has disagreed with assertions from the Ministry of Finance that its recent sale of some US$2.25 billion bonds was to help restructure the country’s debt.
Rather than helping e…
The Small Taxpayer Office (STO) of the Ghana Revenue Authority (GRA) in Cape Coast failed to meet its revenue target of GH¢8,762,654.39 for 2016. The Authority fell below its target by 9.54 percent, which, therefore, puts the revenue colle…
The third IBFD Africa Tax Symposium will take place from 10-12 May 2017 in Accra, Ghana. Building on the success of the past two symposia in Zambia and Uganda, this increasingly popular event comes to West Africa for the first time this ye…
Pan-African law group Centurion and South Sudanese firm Awatkeer enter strategic alliance
Centurion is the first international law firm to establish a presence in Juba, plans to begin work with Awatkeer serving government, private and…
Akinwumi Adesina, president of the African Development Bank (AfDB), says billionaire businessman, Aliko Dangote, may become the largest exporter of rice in the world by 2021
Akinwumi Adesina, president of the African Development Ban…
A total of 14,400 cocoa farmers across Ghana are to benefit from a premium of GH¢1,147,696.00 for the 2017/2018 season.
Each of them would receive Gh¢8 as bonus on each bag of cocoa sold to the company, Utz Limited, a leading cocoa buyi…
A private banking consultant, Ms Nilla Selormey, has reiterated the need for Africa to develop a diaspora strategy that will utilise skills of returnees to harness opportunities in the continent.
She said the strategy must have clearly…
President Nana Addo Dankwa Akufo-Addo will, tomorrow, launch the government’s flagship agricultural programme, ‘Planting for Food and Jobs’, in Goaso in the Asunafo municipality in the Brong Ahafo Region.
Modelled on the highly successf…
The Vice President, Dr Mahamudu Bawumia has said the government has saved the country $300 million by reviewing and prioritising some Power Purchase Agreements.
According to him, 20 of such agreements have been cancelled, four others ha…
Shear Power Ventures, in partnership with the Rural Enterprises Programme (REP) and National Board for Small Scale Industries (NBSSI), is promoting equitable distribution of wealth in Ghana’s districts through proper implementation of the …
The year-on-year inflation rate for March 2017 fell to 12.8 per cent compared to the 13.2 per cent recorded in February 2017.
The Acting Government Statistician, Mr Baah Wadieh on Tuesday at a Press Conference in Accra attributed th…
The government has set the right economic tone in its first 100 days in office to signal a positive investment climate for the country to attract the right Foreign Direct Investments (FDIs) to boost the economy, the Chief Executive Officer…
The Nigerian government has taken key steps to consolidate gains in the country’s ongoing efforts to complete migration from the analogue television system to a digital terrestrial one.
The Federal Government has consequently awarded a…
Collective bargaining is an indispensable part of the theory of social partnership. This encapsulates the way to which labour relations thrive. Social partnership in this context may be defined as a partnership between organised labour and…
Groupe Nduom (GN) Bank on Tuesday opened a new branch at Abura Dunkwa in the Abura Asebu Kwamankese District of the Central Region to provide close-to-client banking services.
The Abura Dunkwa branch is the 32nd in the Central Region an…
Cargill has celebrated the establishment of its own Licensed Buying Company (LBC), Cargill Kokoo Sourcing Ltd, in Ghana.
The new LBC has been fully operational since November 2016, and allows Cargill to directly source cocoa from cert…
Trailer and truck drivers operating from the Tema Port have appealed to the Ghana Ports and Harbours Authority (GPHA) not to use the proposed certification and verification of their vehicles to throw them out of work.
The drivers, who e…
The World Bank cut its economic growth forecast for Kenya due to a slowdown in the expansion of loans to the private sector and a drought that may hurt output.
Gross domestic product in East Africa’s largest economy will expand 5.5 perc…
The Meridian Port Services (MPS), Tema, has been adjudged the Terminal Operator of the Year at the maiden Ghana Maritime and Shipping Awards held in Accra.
MPS was awarded for providing world-class Container Handling services, which c…
Ghana and the Czech Republic have signed a double taxation agreement to eliminate the incidence where income from both countries are taxed twice.
The Minister for Finance, Ken Ofori Atta, and the Czech Ambassador to Ghana, Margita Fusch…
Fishmongers in the Western Region, have been advised to use smokeless oven for fish processing in order to safeguard their health and that of fish consumers.
The smokeless oven also known as “Ahotor Oven” was introduced by the Sustainab…
Supermarket giant Tesco has reported a fall in full-year pre-tax profit after it was fined for overstating its profits in 2014.
It said it had taken a £235m charge after it agreed a deferred prosecution with the Serious Fraud Office and…
Ms Catherine Ashiley, a former Director, Currency Management Department of the Bank of Ghana (BoG), has described the commemorative five Ghana cedi banknote as the “most modern” banknote in the world.
She said the note, issued to celeb…
Vodafone has scrapped roaming charges for UK customers in 40 countries, meaning they can use their plans there without additional costs.
However, the new terms are being applied initially only to new or upgraded contracts.
The EU is …
A global market economist, Mr Ayomide Mejabi, has predicted the local currency will from the third quarter of this year start depreciating at a slower pace to end the year at GH¢4.65 to a dollar.
He explained that the recent performance…
A seasoned banker and lawyer, Mr Anselm Raymond Sowah, has been appointed by the Board of Directors of GCB Bank Limited (GCB) as Managing Director of the bank.
He replaces Mr Ernest Mawuli Agbesi who resigned as MD of GCB Bank last week…
Inflation rate for the month of March hit 12.8 per cent compared to the 13.2 per cent recorded in February 2017. This means that the general price level of goods and services went up by 1.3 per cent between February 2017 and March 2017, an…
Enterprise Group has opened an ultra-modern service center in Kumasi, which seeks to enhance service delivery to their numerous clientele in that region of Ghana. The Enterprise Market is an innovation of the Enterprise Group, and the onl…
OPEC cut oil output in March by more than pledged under a supply reduction deal and said oil inventories had fallen in February, suggesting that its effort to clear a supply glut that has weighed on world oil prices is succeeding.
But t…
Wal-Mart Stores Inc will offer 'pickup discounts' to U.S. shoppers on items they order online and pick up in-store, as it revamps its e-commerce offerings at a faster pace to close the gap with larger rival Amazon.com Inc.
Online orders…
With the expansion of the Victoria Falls International Airport in Zimbabwe, South African Airways has increased capacity between Johannesburg and the popular leisure destination of Victoria Falls. The recent introduction of Airbus A330-20…