Business World Ghana

31/05/2024

13/08/2021

Join us live for this interesting discussion with MTN Ghana CEO

18/08/2020

A successful implementation of the African Continental Free Trade Area (AfCFTA) will bring great benefits to the continent, Ghana’s Minister of Trade and Industry, Mr Alan Kyerematen has said.

A successful implementation of the African Continental Free Trade Area (AfCFTA) will bring great benefits to the continent, Ghana’s Minister of Trade and Industry, Mr Alan Kyerematen has said. Speaking at the opening and formal handing over the of the AfCFTA Secretariat to the AU Commission in Ac

17/08/2020

Africa Free Trade Market targets first commercial deal in 2021

The first commercial deal under an Africa-wide free trade zone (AfCFTA) will take place on Jan. 1 as outstanding talks are set to move online, the African Union said. While the African Continental Free Trade Area entered into force legally last year, transactions that were due to start on July 1

14/08/2020

Ghana's non- traditional exports increased to $2.9Bn in 2019.

The country’s Non-Traditional Exports (NTEs) earnings increased from $2.813 billion in 2018 to $2.899 billion, representing an increase of 3.10 per cent. This came up during the 2019 NTE statistics launch by the Ghana Export Promotion Authority in Kumasi. NTEs continue to contribute only about

13/08/2020

Data released by the Ghana Statistical Service, GSS, indicate that, the Consumer Price Index (CPI) for July 2020 has increased to 11.4 percent.

Data released by the Ghana Statistical Service, GSS, indicate that, the Consumer Price Index (CPI) for July 2020 has increased to 11.4 percent. The increase represents a 0.2 percentage point relative to the 11.2 percent recorded in June 2020. The Consumer Price Index measures the change over t

28/07/2020

Africa begins to have second thougts about that Chinese Money!

Dipak Patel can still recall the dizzying grandeur of his 2003 visit to Beijing’s cavernous Great Hall of the People: the rows of stern guards all the same height, the state dinner that included stewed shark fin and bird’s nest soup, and the People’s Liberation Army band playing songs from Pat...

24/07/2020

The Minister of Finance, Ken Ofori-Atta, has tabled before Parliament a request from government for a supplementary budget of GHS11. 8 billion to support government’s expenditure for the rest of the year 2020.

The Minister of Finance, Ken Ofori-Atta, has tabled before Parliament a request from government for a supplementary budget of GHS11. 8 billion to support government’s expenditure for the rest of the year 2020. Government projections for the 2020 financial year have largely been affected by the ec

23/07/2020

The Managing Director of Absa Bank Ghana Limited, Abena Osei-Poku has been adjudged the Outstanding Woman CEO of the Year 2019

The Managing Director of Absa Bank Ghana Limited, Abena Osei-Poku has been adjudged the 2019 Outstanding Woman CEO of the Year by Entrepreneurs Foundation of Ghana (EFG). This was at its 2020 Ghana Entrepreneurs and Corporate Executives Awards ceremony held over the weekend. The award is in re

21/07/2020

IES predicts marginal stability in fuel prices for 2nd pricing window in July

The Institute of Energy Security, IES, says fuel prices will be marginally stable for the second pricing window for July 2020 across various pumps in the country. According to them, the stability of the cedi against major currencies and a rise in the prices of Gasoline and Gasoil on the internati

20/07/2020

SEC moves to protect investors with new directives

In an effort to further protect investors, the Securities and Exchange Commission has issued a new directive to all Capital Market Operators open, maintain and operate Trust Accounts for and on behalf of its clients, effective Thursday, July 16, 2020. According to the Regula

19/07/2020

Panic buying and lockdown-driven price increases pushed up food prices in these economies in sub-Saharan Africa,

Panic buying and lockdown-driven price increases pushed up food prices in major economies in sub-Saharan Africa, the world’s most food-insecure region. Data for South Africa, Ghana and Nigeria published in the past week show food prices among the main contributors to headline inflation. In Nig

18/07/2020

Good news for Africa???

China will exempt some African countries from repaying zero-interest rate loans due at the end of 2020, state television reported on Wednesday, quoting President Xi Jinping’s speech at a summit. Under the framework of the China-Africa cooperation forum, China will further extend loan paymen

18/07/2020

The exercise begins tomorrow, July 19, to August 1, 2020.

To ensure sanity at public places amid the COVID-19 pandemic, government will commence the second phase of the national disinfection, fumigation and cleaning exercise from Sunday, July 19, to Saturday, August 1, 2020. Places to be disinfected include markets, lorry parks, and public toilets in al

17/07/2020

However, the IES said, competition between Oil Marketing Companies (OMCs) to control and gain more market shares, and mounting pressure on government to reduce prices of fuel may result in fuel prices remaining largely stable within the second Pricing-window of July 2020.

Going by the 3.68% surge in price of Brent crude oil, in addition to the 5.59% and 5.31% rise in the prices of Gasoline and Gasoil respectively on the international market; the IES foresees prices of fuel on the domestic market going up marginally even though the Cedi appreciated against the US doll

17/07/2020

The Finance Minister said, “I had indicated what I termed trapezoid recovery which means sort of the plummeting impact of the 6.8% to........"

Finance Minister, Ken Ofori-Atta says Ghana‘s economy would suffer a downward slide for about two to three years, as the government tries to rebuild the economy. Speaking on JoyNews’ PM Express, the Finance Minister said “I had indicated what I termed trapezoid recovery which means sort of the...

15/07/2020

Under the plan, Africa is expected to adopt harmonized AFRI Clean Fuel Specifications across. The Cleaner Fuel spec recommends adoption of AFRI five (50 ppm sulphur for gasoline and diesel) by 2025, and AFRI 6 spec (10 ppm for same products) by 2030.

A move by the African Refiners & Distributors Association (ARA), and the African Union (AU), to ensure common standard for the importation and refining of petroleum products on the continent remains critical to trade, environment and the economy of the region, stakeholders said, Wednesday. Un

15/07/2020

Government will today start the process for the issuance of six-year treasury bonds with the opening of the book-build, and expected to be closed on......

Government will today start the process for the issuance of six-year treasury bonds with the opening of the book-build. This follows the release of an initial pricing guidance for the bond issuance through the Ghana Stock Exchange. According to an announcement made by the Bank of Ghana on Tues

15/07/2020

Meanwhile, the Ghana Education Service (GES) said it is working on various options to ensure Covid 19 positive final year senior high students do not miss out on the West African Senior Secondary Certificate Examination.

Government says it has adopted a threshold that will inform the decision to close down a school. According to the Deputy Health Minister Dr Bernard Okoe Boye, if cases of Covid-19 go beyond 15 percent of a school’s population, it will be shut down. This comes on the back of agitation by wards

14/07/2020

......and the reason is simple!!!

The Registrar-General’s Department has extended the deadline for filing of Annual Returns by six more months from 31st July to 31st December, 2020. The exercise, which was initially slated for July 31, has been moved to December 31. According to the Registrar General’s Department, this has bee

14/07/2020

From departmental manager to IBM Africa Boss, The exceptional story of Angela Kyerematen- Jimoh

Technology giant IBM Corporation has appointed Angela Kyerematen-Jimoh Regional Head for North, East and West Africa where she will be responsible for IBM operations in over 40 countries in Africa including Morocco, Nigeria, Kenya, Senegal, Uganda, Ghana and Tunisia. Before her appointment, Ms. K

13/07/2020

GCX integrates Rural Banks into Warehousing Receipt System.

The Ghana Commodity Exchange has successfully begun integrating Rural and Community Banks (RCBs) into its Warehouse Receipt Financing (WRF) Programme. So far, five out of the over 140 RCBs operating all around the country, have been integrated into WRF system and the process can be expected to ev

13/07/2020

“The runway has to be redone. It has been thirty years and nothing has been done. They need to redo it". The Minister said

The Minister of Aviation, Joseph Kofi Adda, says the Ministry is seeking about 40 million dollars to revamp the runway at the Kotoka International Airport. According to him, this should improve the facility and enhance safety at the Airport as the runway has not seen any major rehabilitation for

08/07/2020

Ghana Stock Exchange records GH¢194 million in traded shares from January to June

The Ghana Stock Exchange has recorded a total of more than 262.2 million traded shares valued at GH¢194 million in the first six months of 2020 amid the uncertainty of the Coronavirus crisis. The performance, from January to June 2020, represents 107.9 percent growth in volumes and 87.7 percent

30/06/2020

Agric Ministry Unveils GH¢2.5m Support Scheme For Women Farmers

The Ministry of Food and Agriculture (MoFA) and the Ministry of Local Government and Rural Development have launched a GH¢2.5 million pilot support to women’s farmer-based organizations (WFBOs) engaged in post-production agricultural operations in Ghana. The pilot support comes from the Global Af

30/06/2020

BoG confident of stable cedi despite 2.4% depreciation

In spite of the annihilative impact of the coronavirus pandemic on the country’s local currency, making it record its highest depreciation against the US dollar since the beginning of the year, the Bank of Ghana (BoG) says it expects the cedi to gain stability as pressure on it has started easing.

29/06/2020

🇬🇭👏The International Chamber of Commerce (ICC) has, for the first time in its 100 years of existence, elected a black female, Mrs Valentina Mintah as a member of its Executive Board.

The International Chamber of Commerce (ICC) has, for the first time in its 100 years of existence, elected a black female as a member of its Executive Board. Mrs Valentina Mintah, a Ghanaian technology executive, is responsible for developing and implementing ICC’s strategy, policy and programme

29/06/2020

Telecommunication giant, MTN says it is headed to the courts to seek legal redress over the National Communication Authority’s decision to declare it a Significant Market Power (SMP).

Telecommunication giant, MTN says it is headed to the courts to seek legal redress over the National Communication Authority's decision to declare it a Significant Market Power (SMP). MTN in a press release said although it acknowledges the NCA’s duty and powers to promote fair competition amongs

29/06/2020

Ghana’s 2021 growth to be among world’s best – Report

Ghana’s economy will grow strongly at 5.9 percent, in 2021, after the looming dismal outlook for 2020, thanks to the COVID-19 crisis. The projection was made by the International Monetary Fund (IMF). The outlook for 2021, according to the Fund is positive with the 5.9 growth rate well above t

26/06/2020

JICA and other DFIs provide $600 million syndicated loan to COCOBOD

COCOBOD, Japan International Cooperation Agency, JICA and other Development Finance Institutions have announced a $600 million credit facility for COCOBOD’s Productivity Enhancement Programmes (PEPs). The facility is part of a number of projects in line with the Ghana beyond Aid agenda. In Nov