Archive for Business

  • June 20, 2019

    Consumers anxious;...

    The Africa Centre for Energy Policy (ACEP) is worried about the delay by the Public Utilities Regulatory Commission (PURC) to announce new electricity tariffs in the country. According to ACEP, the delay is creating anxiety among consumers especially those in the business community. The Commission was supposed to have announced...

  • June 20, 2019

    Vodafone shows...

    Mobile telecommunication network, Vodafone Ghana, has introduced Vodafone Bossu, a new offer which is already empowering its customers to remain connected to their friends and families without worrying about the cost. The product relies on the concept that customers deserve more out of their day and weekends. The offer, which...

  • June 20, 2019

    NPA directs...

    The National Petroleum Authority (NPA) has directed Oil Marketing Companies OMCs to re-introduce Stabilization and Recovery Levy on products. Documents cited by JoyBusiness shows that petrol would attract ¢0.12 as levy and ¢0.10 on Diesel. This directive is coming after the levy was waved earlier this year when prices were...

  • June 20, 2019

    MTN staff...

    As part of activities marking the 2019 edition of MTN annual 21 Days of Y’ello Care, MTN Ghana staff volunteers are organisingskills training for over 1000 young people across the country. Operating under the theme “Creating a Brighter Future for our Youth,” MTN employee volunteers in partnership with National Youth Authority and...

  • June 20, 2019

    Receiver for...

    The Receiver appointed to liquidate Unibank has filed an application in court to halt an arbitration hearing with shareholders of the bank. The application filed by lawyers for the Receiver, Nii Amanor Dodoo of  Accounting firm KPMG, is asking the court to also make a determination on the previous ruling which directed...

  • June 19, 2019

    Savings and...

    Finance Minister Ken Ofori-Atta has indicated that the planned cleanup of the Savings and Loans sector would happen before the end September this year. He said the government is currently working to secure the required funds are provided to aid this exercise by the regulator. Speaking to JoyBusiness in Malabo,...

  • June 19, 2019

    Central Bank...

    Central Bank Governors in the West African monetary zone are committed to ensuring that the convergence criteria for member states before implementing the common currency is realized by the 2020 deadline. The assurance is coming from First Deputy Governor of the Bank of Ghana, Dr Maxwell Opoku Afari. According to...

  • June 19, 2019

    Ghana Bauxite...

    The Ghana Bauxite Company in Awaso in the Western North Region has shut down as aggrieved workers staged a violent demonstration that resulted in the burning of company properties. Company bungalows, offices and cars were torched by the angry staff who said their working conditions need to be improved. There is a security meeting ongoing...

  • June 18, 2019

    Illegal fishing...

    Illegal fishing by foreign trawlers is decimating Ghana’s fish populations and costing the country’s economy tens of millions of dollars a year, according to researchers. An investigation published on Monday by the Environmental Justice Foundation (EJF) claims that “saiko” fishing, whereby trawlers target the staple catch of Ghanaian canoe fishers and sell...

  • June 18, 2019

    Flying ‘sky-high’:...

    The African Development Bank on Friday concluded its annual meetings, amid a growing consensus that regional integration is imperative to a new phase in African prosperity. Around 2,000 delegates gathered in Malabo, Equatorial Guinea, to discuss ways to fast-track regional integration after the milestone African Continental Free Area (AfCFTA) was...

  • June 18, 2019

    Bitcoin hit...

    Bitcoin’s stunning spring continues: It soared past $9,300 Monday, reaching its highest level in 13 months. The cryptocurrency has risen 148% in 2019. Many investors are betting on more growth ahead. As JPMorgan (JPM), Fidelity and the New York Stock Exchange get into the cryptocurrency business, investors have grown to trust bitcoin more as an asset...

  • June 18, 2019

    Shipping industry...

    The Ghana Shippers’ Authority (GSA) has instituted a comprehensive programme to start engaging with stakeholders and players in the shipping industry to prepare towards complying with the sulphur cap enforcement set by the International Maritime Organization (IMO), effective from January 1, 2020. Under the new global cap, ships will have...

  • June 18, 2019

    Switzerland gives...

    The State Secretariat for Economic Affairs of the Government of the Swiss Confederation (SECO) and the African Development Bank on Thursday signed two agreements to fund African initiatives on the sidelines of the Bank’s 2019 Annual Meetings. SECO contributed 3 million Swiss francs to the Entrepreneurship Lab (E-Lab) for innovative...

  • June 18, 2019

    Government wants...

    The Ministry of Lands and Natural Resources has begun an engagement with the Ghana Chamber of Mines and some mining companies to locally process 30 per cent of the gold mined in the country. This is to tap into the synergies along the value chain of the mining industry to...

  • June 18, 2019

    EU to...

    The European Union (EU) is to invest €4.5 billion of its budget in Africa to generate about 10 million jobs on the continent in about three years. The Vice-President of the EU Commission for Jobs, Growth and Investment, Mr Jyrki Katainen, who announced this, called for the strengthening of co-operation...

  • June 18, 2019

    Societe Generale...

    Societe Generale Ghana has launched the 2019 Deposit and Win campaign to encourage its customers and the general public to cultivate the habit of savings. New and existing clients who hold either savings or current accounts are to make new cash or cheque deposits, transfers funds from other banks or receive money...

  • June 18, 2019

    AngloGold Ashanti...

    AngloGold Ashanti Iduapriem is targeting the production of 273,000 ounces of gold in 2019. Senior Vice President, Continental Africa Region, Jasper Musadaidzwa is convinced they could even exceed it because “already we are trending above that target”. Mr. Musadaidzwa was speaking at the Ghana Mining and Energy Summit in Accra under...

  • June 17, 2019

    Govt working...

    The Finance Minister, Mr Ken Ofori-Atta, has said the revenue target for the year is in arrears of about six per cent but efforts are underway to ensure recovery before the year ends. He pointed to the recent re-engineering at the Ghana Revenue Authority (GRA), the digitisation of the economy...

  • June 17, 2019

    Fidelity Bank...

    Fidelity Bank Ghana has for the third consecutive time been adjudged Topmost Performing MTN Mobile Money (MoMo) Partner Bank in the MoMo Month Awards, August 2018. The award is in recognition of Fidelity Bank’s commitment to driving patronage of the MoMo business across all levels resulting in positively impacting the visibility of the MoMA brand. This...

  • June 17, 2019

    Ghana Business...

    The Ghana Business Standard Awards, which has been slated for August in Accra, will celebrate organisations committed to remarkable business standards in their sectors. Ghana Business Standard Awards is also aimed at honouring industry leaders breaking barriers of excellence across the Ghanaian business community. The event, which was set up by KN...

  • June 17, 2019

    ‘Be wary...

    The Treasurer of Stanbic Bank Ghana, Mr Alhassan Musah, has urged customers and businesses to be wary of financial institutions that promise “outrageous interests” on their deposits and investments. He said the recent development in the financial sector showed that such institutions were prone to collapse. He explained that the...

  • June 17, 2019

    Ghana tipped...

    A World Bank report released over the weekend has tipped Ghana to be the fastest growing mobile money market in Africa. According to the report, the mobile phone penetration created opportunities for expansion of financial services and increased the role of non-financial institutions as much as e-money issuers, positioning Ghana...

  • June 17, 2019

    Job House...

    Uber Ghana, the technology company that connects riders and drivers, began operations in Ghana in June 2016 and has since been a client of JobHouse Ghana. The longstanding business partnership has brought mutual benefits to both parties. Both parties believe that the partnership would continue to thrive in the years...

  • June 16, 2019

    No title

    India just increased tariffs on US exports, dealing another blow to fragile global trade. The tariffs on several US products will go into effect on June 16, India’s finance ministry said in a statement Saturday. The goods targeted include American apples — which will be hit with a 70% tariff — as...

  • June 16, 2019

    Alex Mould...

    A former Chief Executive Officer (CEO) of the Ghana National Petroleum Corporation (GNPC) and energy expert, Mr Alex Mould has offered some perspectives as to why he thinks Ghana is richer in natural resources but poorer. In a Facebook post reacting to an article recently published by the Institute of...

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