Business

COVID-19: Zoom boosts sales forecast as pandemic drags on

By Admin Editor December 1, 2020 1 0

Video conferencing company Zoom has said annual sales will be even higher than expected as the pandemic drives demand for its software. The California firm said revenue could hit more than $2.5bn (£1.9bn) – more than twice what it forecast in March. The prediction comes as Zoom, once a niche tech name, has shot to […]Continue Reading

Business

Ghana, Ivory Coast cancel cocoa sustainability schemes run by US-based Hershey

By Admin Editor December 1, 2020 9 0

Ghana and Ivory Coast have reportedly canceled all cocoa sustainability schemes run by U.S-based chocolate manufacturing giant, Hershey. This according to sources is due to the refusal of the chocolate company to pay the living income differential (LID) fee imposed by the two countries. The $400 per tonne poverty alleviation fee imposed by Ghana and […]Continue Reading

Business

Italy fines Apple €10m over iPhone water-resistance claims

By Admin Editor November 30, 2020 7 0

Italy has fined Apple €10m (£9m) for misleading claims about the iPhone’s water resistance. The national competition authority, AGCM, found Apple’s claims did not hold up under real-world conditions. Instead, the water resistance claims were valid only with pure water in laboratory conditions. AGCM also said Apple not covering water damage under warranty, despite claims Continue Reading

Business

Africa optimistic of increased gas production in 2021

By Admin Editor November 30, 2020 8 0

Although the global energy sector has been adversely affected by the Covid-19 pandemic this year, with oil’s hardest hit because of its dependence on the struggling transport industry, gas has been less exposed to the shocks of 2020, according to the Africa Energy Outlook 2021. Launched virtually recently by the African Energy Chamber, the Outlook […]Continue Reading

Business

Coca-Cola Bottling Ghana donates cash from promo to Covid-19 Private Sector Fund

By Admin Editor November 30, 2020 14 0

The Coca-Cola Bottling Company has presented a cheque for an amount of GHC113,430 to the Covid-19 Private Sector Fund, which recently spearheaded the construction of the first infectious disease centre in Ghana. The Coca-Cola Bottling Ghana raised the funds from a promotion the company has been running for more than six months as part of […]Continue Reading

Business

GCB Bank closes down Kantamanto branch indefinitely

By Admin Editor November 30, 2020 16 0

GCB Bank Limited has announced the closure of its Kantamanto branch, in the Liberty House Building complex, at the Central Business District of Accra, following a fire outbreak on Saturday, November 28, 2020. “For safety precautions, Management of the Bank has accordingly closed down the Liberty Branch to allow for thorough assessment. “As a result, […]Continue Reading

Business

Huawei ban from UK 5G network brought forward

By Admin Editor November 30, 2020 15 0

Telecoms providers must stop installing Huawei equipment in the UK’s 5G mobile network from September, the government has said. The announcement comes ahead of a new law being unveiled on Tuesday, which bans the Chinese firm from the network. Digital Secretary Oliver Dowden said he was pushing for the “complete removal of high-risk vendors” from […]Continue Reading

Business

TikTok might be the future of online fitness

By Admin Editor November 29, 2020 22 0

In short bursts of information, low in loftiness, the fitness community of TikTok have presented an alternate version of online wellness – one where nobody takes themselves too seriously There is a strange paradox within the home workout boom: 2020 has absolutely necessitated them, a way of keeping fit with an expert eye overseeing you […]Continue Reading

Business

Increased awareness of AfCFTA will yield maximum benefits – Alan Kyeremanten

By Admin Editor November 29, 2020 18 0

The Minister of Trade and Industry, Alan Kyeremanten has observed that for Ghana to benefit from the civil market, there is the need to create a high level of awareness among regulatory authorities. “These regulatory authorities included Customs, Immigration, Police, Producers and Exporters as well as the Logistics Industry who were the agents that would […]Continue Reading

Business

Govt’s partial cash bailout processes begin – SEC

By Admin Editor November 29, 2020 19 0

The Securities and Exchange Commission (SEC), says the processes for government’s partial bailout has begun for the remaining affected Fund Management Companies in line with its earlier notice on November 18, 2020. It said the partial cash bailout which involved a payment of up to GHS50,000 would cover all clients of the remaining affected Companies […]Continue Reading

Business

We are facing the worst economy in the Fourth Republic – Mahama

By Admin Editor November 29, 2020 20 0

Presidential Candidate for the National Democratic Congress (NDC), John Mahama says Ghana is facing the worst economy ever in the history of the Fourth Republic. Speaking in an interview streamed on his Facebook page, Mr. Mahama disclosed that the resilient economy as touted by the Akufo-Addo administration is a farce. “How did the strong and […]Continue Reading

Business

Pay our severance package or we picket – Ex-staff of collapsed fund mgt companies

By Admin Editor November 27, 2020 27 0

The Coalition of Ex-Staff of the Defunct Fund Management Companies has threatened to picket the offices of the Ministry of Finance if the government fails to pay its severance package by Wednesday, 2 December 2020. This was disclosed in a statement issued by the coalition and signed by its Spokesperson, Joy Degbazor. “We have been […]Continue Reading

Business Politics

I’ll revive the financial sector to create jobs – Mahama

By Admin Editor November 27, 2020 35 0

The presidential candidate of the main opposition National Democratic Congress (NDC), John Dramani Mahama has promised to revive collapsed financial institutions in the country in order to create jobs if the NDC wins the upcoming 7 December polls. Mr Mahama has, therefore, urged Ghanaians to vote for the NDC in the upcoming polls to ensure […]Continue Reading

Business

Gas production increases by 65% – Report

By Admin Editor November 27, 2020 33 0

Gas production increased significantly by 65% in the first half of 2020, the highest recorded since 2010, according to the Public Interest and Accountability Committee (PIAC) 2020 semi -annual report. This is despite the disruptions caused by the outbreak of the global coronavirus pandemic. The cumulative raw gas production in the first half of 2020 […]Continue Reading

Business

SEC begins processing over 10,000 customers of liquidated fund management firms

By Admin Editor November 27, 2020 35 0

The Securities and Exchange Commission has begun processing documents of over 10,000 customers expected to benefit from the government bailout programme. To this end, a large number of affected clients have been sent SMS messages containing the value of their validated claims with outstanding customers to be covered shortly. Interested claimants have therefore been urged Continue Reading

Business

Create enabling environment for youths to prosper – Dr. Ibn Chambas

By Admin Editor November 27, 2020 35 0

United Nations Special Representative of the Secretary-General for West Africa and the Sahel, and head of UNOWAS, Dr. Mohammed Ibn Chambas has urged African governments to invest in creating enabling environments for youths to flourish. According to him, this will enable the continent reap positively from the potential of the youth, as their skills and […]Continue Reading

Business

We have created over 2 million jobs in the formal sector – Bawumia

By Admin Editor November 27, 2020 34 0

Vice President, Dr. Mahamudu Bawumia says the Akufo-Addo-led administration has created two million jobs in the formal sector since assuming office in 2017. According to him, the New Patriotic Party upon assuming the reigns of government sought to remedy “the hopelessness and despair that a lack of employment opportunities under the previous administration had plunged […]Continue Reading

Business

SIC Insurance Plc. enhances its Home Insurance Policy

By Admin Editor November 26, 2020 37 0

The Country’s largest non-life insurer, SIC Insurance Plc. has launched its newly enhanced home insurance package ‘SIC HomePlus’. The new home insurance policy has been designed to provide coverage for different assets and belongings of the household against natural and man-made perils like fire, burglary, third party legal liability, family personal accident, death and Continue Reading

Business

VRA to leverage technology to drive down power cost

By Admin Editor November 26, 2020 37 0

The Volta River Authority will be investing heavily in technology from next year to improve power efficiency. The process when successful will translate into a low cost of generating power, thus bringing down electricity tariff. After addressing stakeholders at its 10th stakeholders interface in Accra, Chief Executive of the VRA, Emmanuel Antwi-Darkwa told Joy Continue Reading

Business

NBSSI on-course to support market fire victims

By Admin Editor November 26, 2020 43 0

The National Board for Small Scales Industries (NBSSI) has begun the assessment process for traders at the Odawna market and pedestrian mall in Accra whose properties were destroyed by fire last week. The registration process which began over the weekend have captured about 2,000 victims already, who will begin the process to access support from […]Continue Reading

Business

Emirates Offers Expanded, Multi-Risk Travel Insurance Coverage

By Admin Editor November 26, 2020 37 0

Emirates customers can now plan their travels and fly with even greater assurance and peace of mind, with the airline’s latest industry-first initiative to provide expanded, multi-risk travel cover on top of its current COVID-19 cover. Provided by Emirates at no additional cost to its customers, and provided by AIG Travel, this cover is the […]Continue Reading

Business

Former World Bank President, James Wolfensohn dies at 86

By Admin Editor November 26, 2020 36 0

James Wolfensohn, the onetime Salomon Brothers partner who was appointed by U.S. President Bill Clinton to head the World Bank and became one of its longest-serving leaders, has died. He was 86.Wolfensohn died on Tuesday, according to the Institute for Advanced Study, where he served as a past board chairman. No cause was cited. The […]Continue Reading

Business

Gold mining emissions draw scrutiny after price surge

By Admin Editor November 26, 2020 46 0

Investors are putting pressure on gold miners, whose high greenhouse gas emissions have been less scrutinized, to report transparently and take concrete steps to curb them after a rally in prices this year drew closer attention to the sector’s footprint. Gold miners are among the biggest emitters of greenhouse gases in the mining sector, although […]Continue Reading

Business Entertainment

Disney to lay off about 32,000 workers in first half of 2021

By Admin Editor November 26, 2020 41 0

Walt Disney Co said on Wednesday it would lay off 32,000 workers, primarily at its theme parks, an increase from the 28,000 it announced in September, as the company struggles with limited customers due to the coronavirus pandemic. The layoffs will be in the first half of 2021, the company said in a filing with […]Continue Reading

Business Politics

NPP training signal interceptors for Election 2020

By Admin Editor November 26, 2020 46 0

Whatsup News has intercepted a list of 28 youngsters reportedly being sponsored by the campaign apparatus of the governing New Patriotic Party (NPP) in communications signal interception. This is coming at a time the NCA has been fingered in interfering with communication signals, particularly from radio stations as experienced last week by Accra-based Joy FM […]Continue Reading

Business

Registrar General begins 2nd round of investor engagements

By Admin Editor November 25, 2020 45 0

The Registrar General will today commence engagements with another set of investors of defunct fund management firms. The creditor meetings will afford the Registrar General an opportunity to review the concerns of these investors. In concluding these engagements, Jemima Oware said it will afford the department an opportunity to kick start another payment process for […]Continue Reading

Business

Tullow Oil plans to generate $7bn; focuses on Ghana project

By Admin Editor November 25, 2020 45 0

Tullow Oil is projecting to generate $7 billion (€5.9 billion) over the next decade regardless of Ghana’s level of oil production and prices. This is part of objectives outlined by the new Chief Executive, Rahul Dhir to achieve during his tenure. According to the CEO, he can convince investors and creditors that the group can […]Continue Reading

Business Politics

CPP to revive over 50 collapsed factories for job creation

By Admin Editor November 25, 2020 42 0

The flagbearer of the Convention People’s Party (CPP), has indicated that his administration would revive over 50 collapsed factories established by Dr. Kwame Nkrumah, to drive an aggressive job creation agenda.      Mr. Ivor Kobina Greenstreet said the CPP under the leadership of Dr Nkurmah, first President of Ghana, established many manufacturing factories Continue Reading

Business

Mobile telephony industry contributes ¢3.2bn tax in 2019

By Admin Editor November 25, 2020 45 0

The Ghana Chamber of Telecommunications has released a study indicating that the total tax contributions made by the telecommunication industry to support the socioeconomic development of the country in 2019 was GH¢3.2 billion. This figure represents approximately 9.5% of Ghana’s annual total revenue basket. Key highlights from the study shows Communication Service Tax Continue Reading

Business

UK car industry warns of £55bn no-deal Brexit hit

By Admin Editor November 24, 2020 51 0

The UK’s motor industry could suffer production losses of £55bn over the next five years if no Brexit deal is agreed, the sector’s lobby group says. The Society of Motor Manufacturers and Traders is urging the government to get a deal that avoids resorting to tariffs under World Trade Organization rules. The automotive sector across […]Continue Reading