Business

Ecobank Ghana launches PayZone at Osu

Admin Editor May 20, 2019 38 0

Ecobank Ghana’s initiative to promote a cashless system is yielding the desired results with more than 15,000 merchants signing on to the digital product, EcobankPay Zone. The digital product, which is designed to promote financial inclusion by leveraging the rising trends in mobile usage Read More

Business

2.3 million dollar electrification project commissioned at New Abirem

Admin Editor May 20, 2019 39 0

Mr William Owuraku Aidoo, the Deputy Minister of Energy in-charge of Power has commissioned a $2.3 million electrification project aimed at improving the economic fortunes of residents in the New Abirem Constituency. The project connected 25 rural communities across the constituency to electricity and is expected to benefit over 2000 inhabitants of the area. Among […]Read More

Business

Ghana’s cocoa products attract Chinese interest at Hangzhou Expo

Admin Editor May 20, 2019 33 0

The Ghana’s stand at the International Tea and Coffee Expo in Hangzhou, China was the toast of hundreds of Chinese, as they visited the stand to have a taste of the cocoa products on exhibition. On the day set aside to honour Ghana, the Ghanaian stand was visited by the Chinese Minister for Agriculture and […]Read More

Business

Vodafone promises ‘solid support’ for Ghana music despite ‘unfortunate’ VGMA brawl

Admin Editor May 20, 2019 39 0

Title sponsor of the Ghana Music Awards, Vodafone, has said it will continue supporting the music industry despite a scuffle between two rival artistes on Saturday. The telco giant said in a statement Sunday that although the scuffle that ensued on stage is regrettable, it acknowledges that a large number of players in the industry […]Read More

Business

Gov’t shifts 10 percent renewable energy target to 2030

Admin Editor May 18, 2019 64 0

In 2011, Ghana passed the renewable energy act to anchor other policy positions of the country on renewable energy. Key amongst them was a target of 10 percent renewable energy in the electricity generation mix of the country by 2020. However, this target period has been reviewed and extended to 2030. Currently, the country depends […]Read More

Business

Fido increases maximum loan amount to GHC1,000

Admin Editor May 18, 2019 57 0

The Fido instant loan offering has taken a notch higher, with the public now been offered the opportunity to access up to GHC1000 instant loan right on their smart phones, without any collateral nor guarantor. In a statement to announce the increase Friday, May 17, the company explains the decision as one that became necessary […]Read More

Business

Upward revision of benchmark values false – GRA

Admin Editor May 18, 2019 66 0

The Ghana Revenue Authority has debunked rumours circulating on social media that benchmark values on imports have increased. In a statement released to Ghanaweb and signed by the Commissioner General of GRA, Emmanuel Kofi Nti said prices of products still remain unchanged stating that reports making rounds indicating the upward revision of the benchmark should […]Read More

Business

Economic gains risk decline from revenue shortfalls – Ishmael Yamson

Admin Editor May 18, 2019 56 0

The low domestic revenue mobilisation to finance economic growth risks leading the country into accumulating more debt, which can derail macroeconomic gains. It could also force the government back to the International Monetary Fund (IMF) for support, a management consultant and Board Chairman of MTN Ghana Limited, Mr Ishmael Yamson, has told the Daily Graphic […]Read More

Business

Ghana marks Telecommunications Day

Admin Editor May 18, 2019 68 0

Ghana has joined the rest of the world in the celebration of 50th anniversary of the World Telecommunications and Information Society Day (WTISD). This year’s WTISD celebration took place on Friday, May 17, in Accra, under the global theme: ‘Bridging The Standardization Gap.’ The flags of Ghana, United Nations and the International Telecommunications Union (ITU) […]Read More

Business

Communications Ministry to stop importation of fake phones in Ghana

Admin Editor May 18, 2019 60 0

The Ministry of Communications has warned of an imminent crackdown on the activities of illegal operators in the telecommunication industry. A Deputy Minister of Communication, Mr George Andah, who gave the warning, said the crackdown would be targeted at halting the importation of fake mobile phones into the country and subsequent evasion import duties. “Out […]Read More

Business

Kumasi Metro to partner Media General to grow SMEs

Admin Editor May 18, 2019 54 0

The Kumasi Metropolitan Assembly has expressed its readiness to partner Media General in growing Small and Medium Scaled Enterprises in Ghana. This, the assembly believes is key for national development. The Mayor of Kumasi Metro, Osei Assibey, speaking to Grace Hammond Asare during Media General’s Start-up and Funding Summit in Kumasi, said the assembly has […]Read More

Business

Ecobank Ghana defer dividends payment for 2018 to strengthen capital

Admin Editor May 18, 2019 47 0

Ecobank Ghana says, meeting the Minimum Capital requirements is not the end of capital growth for the bank as it continues to be the leading financial services provider in the country. To this end, despite an increase in profit for the year 2018, the bank has decided to hold on to dividends payment for shareholders. […]Read More

Business

Ghana to recruit more banks to market its domestic bonds

Admin Editor May 18, 2019 47 0

Ghana will recruit more banks to market its domestic bonds as the West African nation seeks to boost demand and lower borrowing costs. Currently, five financial institutions, known as book runners, arrange and price the country’s medium-term domestic debt. That will be expanded to a new structure known as the bond market specialist group, Deputy […]Read More

Business General

Anglogold deserves Ghanaian Managing Director – Apinto Chiefs

Admin Editor May 18, 2019 51 0

The chiefs and elders of Apinto Divisional Council in the Western Region are pushing for Ghanaian Managing Director at Anglogold Ashanti (Iduaprim Mine). The opinion leaders according to our sources believe that qualified Ghanaian professionals are not being treated fairly since they are always overlooked when it comes to the appointment of a Managing Director […]Read More

Business

Akufo-Addo gov’t deal with US oil firm shady – PIAC

Admin Editor May 17, 2019 61 0

The Chairman of the Public Interest and Accountability Committee (PIAC), Dr. Steve Manteaw, has accused the New Patriotic Party Government of employing obscurantist tactics in a 2017 oil deal with American multinational oil and gas corporation, ExxonMobil. At a recent forum in Accra, he pointed out that the sole sourced contract was deliberately stonewalled from […]Read More

Business

COCOBOD hands over irrigation system to farmer

Admin Editor May 17, 2019 46 0

The Chief Executive of the Ghana Cocoa Board (COCOBOD), Joseph Boahen Aidoo, has officially handed over an ultra-modern solar powered irrigation system to a cocoa farmer. The system has been installed on a 30-acre cocoa farm owned by Solomon Tahola at Assin Fosu, in the Assin North Municipality of the Central Region. It would enable […]Read More

Business

Smuggling of petroleum products reduces

Admin Editor May 17, 2019 46 0

The fight against the smuggling of petroleum products has yielded positive results, as the menace has not been recorded since the beginning of the year. The country lost close to GH¢1 billion in revenue to petroleum smuggling activities in 2017 because of miscreants who brought in petroleum products in vessels which docked on the high […]Read More

Business

Newmont Ghana is now Newmont Goldcorp Ghana

Admin Editor May 17, 2019 56 0

Ghana’s leading gold producer, Newmont Ghana, has welcomed the successful completion of the transaction creating the world’s leading gold company, Newmont Goldcorp, and looking forward to a safe and orderly integration. The transaction closed on 18 April, 2018, and the Company’s business in Ghana is now called Newmont Goldcorp Ghana. “Newmont Goldcorp features an unmatched Read More

Business

Fiscal deficit will widen to 4.6% in 2019 – EIU report

Admin Editor May 17, 2019 41 0

The Economist Intelligence Unit (EIU) has predicted further widening of the country’s fiscal deficit by 1.2% by the end of 2019 compared to what was recorded in 2018. Following the conclusion of the International Monetary Fund’s extended credit facility programme in March 2019, it is expected that the country will switch to an expansionary fiscal […]Read More

Business

PURC solves 917 complaints in Tamale Metropolis

Admin Editor May 17, 2019 51 0

The Public Utilities Regulatory Commission (PURC) has announced that it resolved 95 per cent of complaints of residents within the Tamale Metropolis against utility providers to improve services. A statement signed and copied to the GNA in Tamale on Thursday said a total of 966 complaints were lodged, out of which 917 representing 95 per […]Read More

Business

Allow TOR to refine Ghana’s crude oil – Isaac Osei

Admin Editor May 17, 2019 37 0

Mr Isaac Osei, Managing Director of the Tema Oil Refinery(TOR), says the country’s refinery must be allowed to refine portions of Ghana’s crude oil for the local market instead of selling all on the international market. Mr Osei noted that at the moment, Ghana National Petroleum Corporation (GNPC) sells all of the country’s oil on […]Read More

Business

SEC’s argument rubbished

Admin Editor May 17, 2019 36 0

Caution by the Securities and Exchanges Commission (SEC) to investors about high return investments has been described as unsound by the head of an institution that champions private sector development. Chief Executive Officer of the Private Enterprise Federation (PEF), Nana Osei Bonsu II, has said on the Business Edition of PM Express on Thursday that […]Read More

Business

West Hills Mall spices up shopping with launch of ‘Minutes to Win It’ games

Admin Editor May 17, 2019 47 0

In a bid to spice up the shopping experience for patrons and reward shoppers for their continued loyalty, West Hills Mall has launched a special package of captivating games which is keeping many customers busy and excited while they shop. Accra’s leading family shopping centre, over the weekend, introduced the ‘Minutes to Win’ campaign which challenges […]Read More

Business

GPHA staff review red attire protest against MPS concession

Admin Editor May 16, 2019 46 0

The Maritime and Dock Workers Union (MDU) has reviewed the three-week red attire protest by staff of the Ghana Ports and Harbours Authority (GPHA) against some clauses of the MPS terminal three concession deal. The MDU made the review after President Nana Addo Dankwah Akufo-Addo met the leadership of the various Unions and gave his […]Read More

Business

Vibrant TOR key to ‘Ghana beyond aid’ agenda – Isaac Osei

Admin Editor May 16, 2019 49 0

The Managing Director of the Tema Oil Refinery (TOR), Isaac Osei, has made a strong case for a percentage of crude oil produced in the country to be given to the state-owned refinery to process into final products for domestic consumption. He said doing that would make TOR functional, vibrant and strategically positioned to help […]Read More

Business

We’ll fight state capture of the oil sector – Alex Mould

Admin Editor May 16, 2019 51 0

There seems to be no end in sight for the controversies surrounding our oil sector as a former Chief Executive Officer (CEO) of the Ghana National Petroleum Corporation (GNPC) Mr. Alex Kofi-Mensah Mould has promised to fight what he calls “State Capture of the Oil Sector” in the country. This comes after IMANI Ghana made […]Read More

Business

April inflation rises marginally to 9.5 percent

Admin Editor May 16, 2019 44 0

Inflation recorded for April 2019 rose marginally to 9.5 percent year-on-year. April’s inflation is an increase over the March figure of 9.3 percent. Despite the slight increase, the year-on-year comparison indicates a drop in the inflation rate from the 9.6 percent recorded in April 2018 to 9.5 percent in April 2019. Presenting the figures to […]Read More

Business

Fuel prices to remain stable – IES

Admin Editor May 16, 2019 46 0

The prices of fuel in Ghana are expected to remain stable following the cedi’s appreciation against the dollar, the Institute for Energy Security (IES) has said. The IES said in a statement on Thursday, 16 May 2019 said: “The cedi’s appreciation against the U.S. dollar could render the marginal increase in the prices of finished […]Read More

Business

Biscuit producers want prompt response to SOS plea to government

Admin Editor May 16, 2019 54 0

Biscuit Manufacturers in the country are calling on the government to speed up with a response to their petition. The petition was sent to address unfavorable competition between local and imported biscuit. The local manufacturers complain that the development is hindering their expansion thus are not able to employ more people among others. Of the […]Read More

Business

MTN Ghana decries rampant fibre cuts

Admin Editor May 16, 2019 49 0

MTN Ghana says it is ready to play its part in bringing an end to the damaging phenomena of fibre cuts in the telecommunication industry. “On the issue of fibre cuts, we have seen an increase in the country and about 80 percent of the cuts are due to road construction works. The drastic rise […]Read More