Nana Osei Bonsu, Chief Executive Officer of the Private Enterprise Foundation (PEF) has bemoaned the low penetration of the insurance industry in the country.
He described the industry's less than two per cent contribution to the countr…
President Nana Addo Dankwa Akufo-Addo on Friday applauded the growing interest of French companies in Ghana, giving the assurance that the country was ready to protect their investments and that of other nations.
“The growing interest a…
The Ghana Water Company Limited (GWCL) has called for stringent and timely measures to halt the activities of illegal mining (galamsey) which continue to deplete raw water resources across the country.
According to the company, illegal…
The government has settled GH¢588 million of the GH¢2.4 billion indebtedness of the Volta River Authority (VRA) to local banks and its suppliers.This was after an initial deposit of GH¢250 million and two quarterly payments of GH¢169 milli…
An oil exploration firm has made what it has described as the "largest undeveloped discovery" of oil in UK waters.
Hurricane Energy said one billion barrels of recoverable oil could be contained within the Greater Lancaster Area, 60 mil…
The government will strengthen its relations with the Republic of India to grow Ghana’s private sector and the economy to solve the unemployment problem in the country, Senior Minister, Mr. Yaw Osafo-Marfo has said.
He said the governme…
The government is in the process of rewriting the Fisheries Act, 2002 to address key challenges in the country’s fishing industry. A draft policy is currently before the Attorney-General's (A-G's) Department awaiting approval for the devel…
Mr Ofori Boateng, the Chief Executive Officer of Strategic Security Systems International Limited (3SiL), has lauded government’s plan to develop renewable energy in the country as captured in the 2017 Budget.
A statement from the 3SiL …
The introduction of electronic points of sales devices to be deployed by the third quarter of 2017 will curb tax evasion and improve revenue collection under the VAT system, Mr Daniel Nuer, Head of Policy Unit, Ministry of Finance has said…
The new chairperson of the MiDA Board, Professor Yaa Ntiamoa-Baidu, has met with MiDA’s management team a few days after the inauguration of the reconstituted MiDA Board last week Monday.
The meeting, which comes ahead of her maiden boa…
American Auto Parts LTD (AAPL), in partnership with TATA Motors Holdings Ghana, is to establish an Automobile Technical Institute to train artisans and mechanics in industrial best practices, in line with the Government’s efforts to transf…
IBM, a leading global technology service provider, has said that Ghana’s digital transformation agenda will benefit from the deliberate adoption and use of cloud computing, cognitive systems, analytics and block chain technology solutions.…
A day’s forum to deepen understanding of the United Nations Convention on contract for the international carriage of goods by sea, commonly referred to as “Rotterdam Rules” has been held in Kumasi.
The convention is meant to create more…
Deutsche Bank has committed to moving to a new office in London, at a time when banks are assessing their place in the capital ahead of Brexit.
Germany's biggest lender is in exclusive talks for a 25-year lease on a new building.
Gar…
The global oil and gas industry is undergoing a period of unprecedented change and disruption. Falling crude oil prices have put immense strain on the entire oil value chain, while the increasing availability and affordability of renewable…
Samsung Electronics has apologised to shareholders for its role in a corruption case that led to South Korea's president being impeached.
"I'm sorry for the scandal," chief executive Kwon Oh-hyun said at the company's annual meeting in …
The Youth Inclusive Entrepreneurial Development Initiative for Employment (YIEDIE) has called for more investment into Ghana’s construction sector to create jobs for the youth.
Quoting a report by the Work Bank, which states that more t…
Tullow Oil plc, one of the biggest players in the country’s oil fields, is to raise £586 million through a Rights Issue in a move expected “to assist the Group to accelerate the reduction of its debt.”
The proposed issue of 466,925,724 …
Mr Isaac Asiamah, the Minister of Youth and Sports, has launched the Commonwealth Alliance for Youth Entrepreneurs, West Africa (CAYE-WA), to promote youth entrepreneurship as a remedy for the increasing youth unemployment in the region.
…
Odebrecht Ghana, a leading engineering and construction company with more than 70 years’ experience, has supported the College of Engineering of the Kwame Nkrumah University of Technology’s (KNUST) Annual Career Fair. A statement issued by…
CIMG Telecom Company of the Year, Tigo, in partnership with mobile content provider, 2CTV, have launched Tigo Mobile TV, a new service which allows customers to watch uninterrupted live television on their phones. With over 25 channels, Ti…
Mohammed Dewji, Group CEO of MeTL (Mohammed Entreprise Tanzania Limited) takes home the prestigious CEO OF THE YEAR award and Anta Babacar Ngom Bathily of Sedima wins the award for YOUNG CEO OF THE YEAR.
Mohammed Dewji beats off comp…
Robotics and artificial intelligence could affect almost a third of UK jobs by the 2030s, according to a study.
However, the report from accountancy firm PwC also predicted that the nature of some occupations would change rather than di…
The Minister of Communication, Mrs. Ursula Owusu-Ekuful, has paid a familiarization visit to MTN Ghana, the leading telecoms company in the country.
The Minister was welcomed by the CEO of MTN Ghana, Mr. Ebenezer Twum Asante, together w…
The President of Ghana, Nana Addo Dankwa Akufo-Addo and his Senegalese counterpart President Macky Sall, graced the Africa CEO Forum 2017 with their presence, to discuss how Africa's sub-regions can work more closely together in a world wh…
Ghana Export Promotion Authority (GEPA) and the Ghana Chamber of Commerce in partnership with the Trade Facilitation Office (TFO), Canada, has held a day’s technical seminar for exporters of processed cocoa on market opportunities in Cana…
Ghanaian organisations, including those in the financial institutions, are vulnerable to cyber attacks, Internet Solution (IS), a South African-based Telecom Service provider, has said.
According to IS, the development is due to the fac…
Consumers in the Central Region owe the Ghana Water Company Limited (GWCL) to the tune of GH¢57,555,428.00 with Government debt amounting to more than GH¢41.2M.
The government debt constitutes the cost of water consumed by various …
The National Pensions Regulatory Authority (NPRA) has targeted to register about one million informal sector workers on its new three-tier pension scheme by close of 2017.
Mr Emmanuel Awuku Dagbanu, Corporate Affairs Manager of NPRA, di…
The General Agricultural Workers Union (GAWU) of the Trades Union Congress (TUC) has called for the immediate implementation of the one village, one dam project announced in the budget as one of the key sectoral projects for the 2017 fisca…
Next has reported its first fall in annual profit for eight years and warned of "another tough year ahead".
Pre-tax profit at the clothing and homeware retailer dropped 5.5% from £836.1m to £790.2m last year.
The firm, which had alre…
Alhaji Collins Dauda, Member of Parliament for the Asutifi South has stated that the government of the New Patriotic Party had a duty to reduce the prices of petroleum products following the amendment of the legislation relating to levies …
Nine private commercial buildings in Accra, were on Wednesday drilled over compulsory insurance by the National Task Force of the National Insurance Commission (NIC). The buildings located in Asylum Down, Osu and Spintex Road, housed Eco…
Mike Nyinaku, Chief Executive Officer of The BEIGE Group (TBG), a financial services provider, has called on entrepreneurs to take advantage of opportunities in this year’s budget.
Mr. Nyinaku expressed confidence that the 2017 financ…
Stanbic Bank has introduced some new value propositions to make life easier for its executive banking customers in the face of current economic hardships.The Bank has added new packages such as an educational plan, hospital cash cover and …
State-backed Royal Bank of Scotland (RBS.L) said on Thursday it planned to close about 180 bank branches in Britain and Ireland and about 1,000 roles were at risk in the latest round of cuts and closures at the lender.
The Edinburgh-bas…
UK retail sales posted a 1.4% rise in February from the previous month, but there are signs that higher fuel prices have begun to hit shoppers' pockets.
In the three months to February, sales volumes fell by 1.4%, a sharper slide than t…
At the Africa CEO Forum in Geneva, AFD Group - in partnership with the European Union - unveiled the "African Renewable Energy Scale-Up facility", designed to boost private sector investment in on-grid and off-grid renewable energy produc…
The government has begun negotiating with businesses in the country to reduce their prices to reflect the various tax incentives introduced in the 2017 Budget Statement and Government Economic Policy.
That, it said, was in line with its…
Vice-president Alhaji Dr Mahamudu Bawumia has observed that an enhancement of the mobile money transfer system to ensure transfers across networks will help in stepping up efforts at bringing banking services to the majority of Ghanaians w…
The USAID –Financing Agriculture Project (USAID-FinGAP), aimed at addressing the key constraint of lack of access to finance in the agriculture sector, has in the last three and half years facilitated over US$115 million in the maize, rice…
Apple is facing scrutiny in New Zealand following reports it paid no tax for at least a decade, despite having logged billions in sales.
An investigation by the New Zealand Herald newspaper found Apple's local unit paid about NZ$37m ($2…
The Ghana Airports Company Limited has expressed its determination to remove all encroachers on its lands to pave the way for the smooth implementation of its expansion projects.
According to the company, the quest to make the airport a…
The year-on-year Producer Price Inflation (PPI) rate for February 2017 was 5.4 per cent, an increase of 2.3 percentage points from the 3.1 per cent recorded in January 2017.
The monthly change rate for February was 2.2 per cent.
The …
Vice President Alhaji Dr Mahamudu Bawumia, on Wednesday, tasked the Ghana Interbank payment and Settlements System to bring together the money transaction stakeholders to ensure the inclusiveness of the 60 per cent financially unbanked p…
One hundred-and-eighty (180) selected agro-based groups in the Ashanti and Volta Regions have undergone training in “regenerative farming”, an integrated farming system, that seeks to provide the rural population with improved and sustaina…
In today’s complex, competitive and rapidly evolving world, being able to plan one’s career is very significant to the success of the person in future.
However, setting long-term goals without a well-thought-through process as to how to…
Parliament by consensus has approved the budgetary allocation of the Ministry of Local Government and Rural Development for the year 2017.This follows a statement made by Hajia Alima Mahama, Minister of Local Government and Rural Developm…
Libya’s oil production has climbed back to the level before clashes disrupted output three weeks ago and forced the OPEC nation’s two biggest oil ports to halt shipments.
Output is 700,000 barrels a day and the target is 800,000 barrels…
Airtel Ghana’s Wo Mmer? Nie promo has so far rewarded 4 customers with GHC 65,000 and close to 2 million customers with airtime, data and smartphones
The promotion, dubbed the biggest in Ghana’s telecom industry seeks to reward custom…