HomeBusiness

Business

Uber makes driver, rider phone numbers anonymous

Uber has today announced new privacy changes to its app in Ghana that now anonymises phone numbers of driver-partners and riders. As of today, 12...

Inflation rate for June hits 10%

The inflation rate for June 2018 rises to 10 per cent as a result of increases in prices of non-food items in the country. This...

First Allied deny ties with Kwesi Nyantakyi

First Allied Savings and Loans (FASL) has denied allegations that Kwesi Nyantakyi is a shareholder of the company and that Bank of Ghana is...

Banks’ Non Performing Loans hit GH¢8.6bn – BoG

Despite moves by the central bank to sanitize the banking sector, the industry’s asset quality remains a source of concern as the Non-Performing Loans...

Cocobod to boost cocoa production to one million tonnes

Ghana Cocoa Board (COCOBOD) says it expects to boost cocoa production to one million metric tonnes ahead of a five-year target because of the...

Elsie Appau honoured by Africa Achievers Awards Foundation in the UK

The Regional Representative of Acreaty Management PLC, Elsie Appau, has been recognized by the Africa Achievers Foundation as an African Achiever. Mrs Appau who is...

MODEC partners commit $250,000 to Medical Research in Ghana

MODEC Ghana, operators of the FPSO Kwame Nkrumah has underscored its commitment to support science research in Ghana. It has together with other partners signed...

NPP Conference: Traders in Koforidua make good sales

Traders in Koforidua have taken advantage of the national delegates’ congress of the ruling New Patriotic Party (NPP) to do brisk business. More than 6,000...

Ecobank Sponsors Medical Students for Exchange Programmes Abroad

Ecobank Ghana has supported 12 medical students with various sums of money to travel abroad for their medical training exchange programmes. Out of the 12,...

Ghana’s cocoa sector to receive a $100m boost

Ghana's Cocoa sector is to receive a $100m investment from the World Cocoa Foundation to help grow the sector, President of the Foundation has...

Promoting trade between Ghana and Burkina Faso, SIC Insurance leads the way

In order to promote the free movement of goods within the sub-region, the Economic Community of West African States (ECOWAS) adopted among other Protocols...

Drugs industry hits US$1bn in value…but 70% imported

The pharmaceuticals industry is expected to reach $1 billion in value by end of 2018, but 70 percent of pharmaceutical products used in the...

Cylinder Manufacturing Board dissolved

President Nana Akufo-Addo has directed the dissolution of the Board of Ghana Cylinder Manufacturing Company (GCMC) Limited. A letter signed by Energy Minister, Boakye Agyarko,...

Cedi will keep depreciating – Avedzi predicts

The Deputy Minority Leader, James Avedzi, has predicted a further decline in the value of the Ghana cedi, following its recent free fall against...

Cedi sinks to all-time low under Akufo-Addo/Bawumia as businesses call for action

Businesses are calling for action as the country witnesses a period of a fast depreciating local currency. Owners of some forex bureaux are demanding that...

Gov’t borrows $1.25bn for new spending

Government is engaging in $1.25 billion in foreign borrowing from commercial lenders this year to finance its projects and programmes. This is adding to the...

‘Aayalolo’ drivers on strike over 5 months’ unpaid salaries

Drivers of the Quality Bus System (QBS), popularly known as Aayalolo, have embarked on a sit-down strike over unpaid salary arrears. The aggrieved drivers have...

Don’t exit IMF completely – Seth Terkper

Former Finance Minister Seth Terkper has made a strong case for government not to completely exit the International Monetary Fund (IMF) programme, as it...

Cocoa light crop season opened, price unchanged

Ghana’s Cocobod regulator opened its cocoa light crop purchases on Friday and will keep the price it pays farmers unchanged at 7,600 cedis ($1,586)...

BoG saddened by the death of Amissah-Arthur – Dr Addison

Governor of the Bank of Ghana, says the staff of the central bank is saddened by the passing of the former vice president of...

Multi-TV Habitat Fair 2018 Launched

Real Estate developers have been challenged to be innovative and use local materials to drive down the cost of houses. This according to the Deputy...

SMT Ghana introduces Dongfeng Trucks

SMT Ghana, the official Distributor of Volvo Construction Equipment, Volvo Trucks and Volvo Penta in Ghana, has boosted Ghana’s haulage and logistics industries with...

Glo lines up stars for Mega Music, Lafftafest shows

Telecommunications operator, Glo Mobile, is set to flag a major entertainment marathon project, Glo Mega Music and Lafftafest shows, which will have some of Africa’s best music and...

Ghana bans tilapia imports

Ghana has announced a ban on the importation of Tilapia into the country following the emergence of a new virus, Tilapia Lake Virus (TilV),...

Gov’t bans tilapia, ornamental fish import over virus scare

Government has banned the importation of all ornamental fishes and tilapia species in a bid to check a possible spread of Tilapia Lake Virus in Ghana. According...

Improving financial inclusion: Finance Ministry to digitize informal sector

The Ministry of Finance has announced that plans are underway to enroll workers in the informal sector on to a digital platform to improve...

Pineapple’s 10% market share drops to 3%

The country’s share of the International Pineapple Export Market has declined sharply from 10 percent in 2004 to 3 percent in 2014, the Ghana...

Fishermen divided over August fish ban

Fishermen are divided over a pending fishing ban in August by the Fisheries Commission to allow regeneration of the dwindling fishing stock in Ghanaian...

Tax holidays entice, expand companies – Dangote

Business mogul and Chairman of Dangote Group of Companies Worldwide, Aliko Dangote, says tax holidays are great sources of revenue that entice companies to...

Govt to give incentives to reduce housing deficit

The Deputy Minister for Works and Housing, Freda Prempeh has said government is ready to give incentives to the private sector to address the...

BEIGE to meet GHC400m Minimum Capital Requirement

The Chief Executive Officer of BEIGE, Mike Nyinaku has confirmed that The BEIGE Bank (TBB) is on course to meeting the Bank of Ghana’s...

AirtelTigo’s new CEO, Mitwa Kaemba Ng’ambi, takes office

AirtelTigo's new Chief Executive Officer, Mitwa Kaemba Ng’ambi, has started work from Monday, June 25. On her first day at work, Ms Ng’ambi addressed staff during...

Ghana Water increases revenue from ¢55m to ¢63m within 3 months

The Ghana Water Company Limited (GWCL) says it has increased revenue collection from ¢55 million to ¢63 million from February to May this year,...

Mobile money outstrips cheques in non-cash retail payments

The Head of Payment Systems at the BoG, Dr Setor Amediku, said the strong appetite for mobile money usage was “a good development” that...

OPEC to raise oil production from July

OPEC agreed on Friday to raise oil production by around one million barrels per day from July for the group and its allies, an...

Mid-year budget review: Ofori-Atta set to review current taxes

Finance Minister Ken Ofori-Atta has given a strong indication of possibly introducing new taxes during the mid-year budget review. The Finance Ministry over the past...

Mobile money ‘interoperability’ transactions hit nearly 100, 000

Some 96, 904 cross-network mobile money transactions took place in the first month of the launch of mobile money interoperability. The transactions are valued at...

Hackers ‘rob crypto-exchange of $32m’

A leading crypto-coin exchange has halted trade after declaring that hackers had stolen some of the digital currencies it stored. Seoul-based Bithumb said that 35bn...

700 proposals received for 1D1F -Alan Kyerematen

Government says it is unable to tell exactly when any of its factories under the One District One Factory (1D1F) policy will be completed. Trade...

Suzy Herbal Center donates towards Eid celebration

As part of its social responsibility activities, Suzy Herbal Center, producers of Sibi Men and Women’s Capsules, has, last week, donated assorted items to...