By Kestér Kenn KLOMEGÂH Amidst the geopolitical dynamics and diverse maneuvers to ensure stability at home, Russia has to show certainty, firmness and consistency in its relations with Africa. Understandably Africa has been at the bottom of its priority agenda, most official statements on pledges take years to achieve concrete results. There are also explicit […] The post Foreign
Hollard Ghana, the country’s favourite insurer, has honoured Richard Della Strauss-Ashiaby, the valedictorian from the University of Media, Arts and Communication-IJ (UniMAC-IJ), with the Hollard Prize during the 2nd Congregation held in Accra. To commemorate this remarkable achievement, Roswitha Adjoa Amoako, Head of Group Business at Hollard Life, presented Richard with the Hollard Prize, including […] The post
Leading exporter of fresh bananas to the European Union (EU), the Golden Exotic Limited (GEL), has suffered immeasurable damage to its activity by the recent spillage of the Akosombo Dam. Damage to its farms caused by the spillage-induced flood exceeds €1.825million. This includes flood damage to crops, machinery, infrastructure and others. Corporate Affairs and Administration […] The post
Government should consider negotiating bigger interests in mining contracts if the country is desirous of creating more value from the commodities extracted for the nation. Despite Ghana being a leading gold producer with several decades of experience in the extractives industry, its stake in almost all mining companies in the country currently remains around 10 […] The post
The Peasant Farmers Association of Ghana (PFAG) and the Industrial Pensions Trust Company (IPTC) have launched a significant partnership with the goal of offering affordable, flexible, and sustainable retirement planning products through the Nk?so? Pensions and Welfare Scheme for smallholder farmers. This momentous occasion took place at the PFAG pre-season durbar and inaugural Peasant Farmers […] The post
By Joshua Worlasi AMLANU The Ghana Revenue Authority (GRA) has provided an update on the implementation of the Electronic Value Added Tax (E-VAT) system, stating that the rollout is progressing according to schedule. In response to a recent publication questioning the status of the E-VAT initiative, the GRA has affirmed its commitment to the comprehensive […] The post E-VAT
By Ernest Bako WUBONTO Golden Exotic Limited (GEL), a leading exporter of fresh bananas to the European Union (EU) market, has disclosed that damages to its farms caused by the Akosombo Dam spillage-induced flood exceed €1.825million. Recalling its losses at sites near the Volta River basin since October 2023 when the floods began, the company […] The post Golden
By Joshua Worlasi AMLANU [email protected] Consumer inflation rate slowed to 25 percent in April 2024, down from 25.8 percent the previous month, according to new data released by the Ghana Statistical Service (GSS). However, analysts warn that prevailing upside risks could moderate the pace of disinflation in the coming months. “We expect disinflation to resume […] The post
By Kizito CUDJOE The United Nations’ Sustainable Development Goals (SDGs) are facing a significant threat, as less than 20 percent of targets are on track beyond the midpoint to 2030, according to Charles Abani, the UN Resident Coordinator for Ghana. Addressing the concerning state of the SDGs, Mr. Abani highlighted that close to half of […] The post SDGs under
…refutes exit rumours By Ernest Bako WUBONTO Société Générale Ghana (SGG) achieved a profit after tax of GH¢424million in 2023, a growth of 290 percent despite the challenges facing the economy and the banking industry. The bank also reported growth in investments and deposits, leading to a liquidity increase from 88 percent in the previous […] The post Société
pledges tailored assistance for Africa Korea-Africa Summit to deepen ties, expand collaboration By William Selassy ADJADOGO Ghana and other countries in Africa can benefit greatly from the experience and expertise of South Korea in transforming their economies, Chung Byung-won, Korea’s Deputy Minister for Political Affairs of the Ministry of Foreign Affairs, has said. In a […] The post South
As December beckons, another Presidential and Parliamentary Elections will be conducted nationwide and Ghanaians who have recently turned 18 are currently participating in the ongoing Electoral Commission’s limited voter registration exercise. President Nana Addo Akufo-Addo is urging those who have attained the statutory age and want to vote in December to take advantage of this […] The post
The transition to clean energy is an environmental imperative and an economic juggernaut, now employing more people globally than fossil fuels, according to the 2023 World Energy Employment Report. Clean energy jobs have risen to 35 million, a growth of 4.7 million, while fossil fuel employment has lagged, remaining 1.3 million jobs below their pre-pandemic […] The post
By Christabel DANSO ABEAM MTN Ghana Foundation has teamed up with Mobile Web Ghana to empower 70 young girls in STEM education, as part of activities marking ‘Girls in ICT Day’ 2024. To facilitate this endeavour, MTN Ghana Foundation enlisted mentors from MTN Ghana specialised in STEM fields to address these students from Kwabenya SHS, […] The post MTN
Corporate demand, coupled with a strong U.S. dollar on the international market, has weighed heavily on the cedi in the first four months of this year (2024). As demand surpasses foreign exchange (FX) liquidity, asset management company Databank envisages a continuous weakening trajectory of the local unit this week in the near term as the […] The post Editorial:
“The bigger the head the bigger the headaches.” – Cameroonian proverb “The high value put upon every minute of time, the idea of hurry-hurry as the most important objective of living, is unquestionably the most dangerous enemy of joy;” Hermann Hesse chided in his 1905 essay titled “On Little Joys.” Sadly, a hundred plus years […] The post The
Zenith Bank (Ghana) Ltd. emerged from the first quarter (Q1) of 2024 with impressive financial results, showcasing a robust performance across profitability, liquidity and capital adequacy. The bank’s unaudited financial statements for the period revealed a continuation of the stellar performance in 2023 with a 41.03 percent year-on-year (YoY) growth in profitability to GH¢306.5million, compared […] The post
Ghana’s leading entertainer, songwriter and entrepreneur, and also one of Africa’s best creative artistes, Michael Owusu Addo – popularly known as Sarkodie – and FirstBank Ghana, formerly FBNBank Ghana, have announced a distinctive partnership which will see the two brands work together to deliver a unique citizenship agenda which focuses largely on the youth, education, […] The post
By Joshua Worlasi AMLANU [email protected] Despite recent undersubscription of Treasury auctions, the market anticipates further trimming of yields, driven by a favourable inflation outlook and the Treasury’s resolute focus on easing yields. In the first quarter of 2024, T-bills yield across the curve shed an average of 3.49 percent, 3.63 percent and 3.61 percent for […] The post T-bill
Ghana International Bank plc (GHIB) has announced the promotion of Hueggert Acquaah-Arhin as the Bank’s Ghana Country Representative and Head of Africa Regional Coverage. This elevation was announced as the Bank continues to commemorate its 65th anniversary celebrations recently launched in Accra. Mrs. Hueggert Acquaah-Arhin (née Hueggert Annan) is a seasoned banker with a record […] The post
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