Empirical studies show that SMEs contribute over 55 percent of gross domestic product (GDP) and over 65 percent of total employment in high-income countries. In the developed economies, small businesses are recognised as the main engines for growth and development because of their significant contributions to economic growth and prosperity. The percentage contribution of SMEs […] The post Editorial

Tanzania’s shilling is expected to gain ground against the U.S. dollar this week, while Kenya’s will weaken, traders said. KENYA The Kenyan shilling    is seen weakening due to dollar demand from merchant importers and firms in the energy sector, which normally increases in the last days of the month. Commercial banks quoted the shilling at […] The post AFRICA-FX-Tanzania

Huawei Technologies Ghana has donated ultramodern ICT Lab facilities to the Ghana Telecom University College (GTUC) Tesano main Campus, Accra in the bid to enhance the teaching of ICT and Engineering to help boost the ICT talent ecosystem development in Ghana.  The donation counts as one of Huawei’s numerous Corporate Social Responsibilities in the ICT […] The post HUAWEI

The Chamber of Agribusiness Ghana (CAG) has signed a Memorandum of Understanding (MoU) with the Ghana-India Trade Advisory Chamber (GITAC), to build synergy that drives agribusiness growth and increases trade between the two countries. According to the parties, the MoU’s main components include connecting investors from India to farmers in Ghana for financial investments and […] The post CAG,

At half year 2020, FBNBank Ghana posted an impressive growth across all major performance indices over the corresponding prior period in 2019. The profitability of the bank witnessed an industry leading growth of 77% reflecting the capacity and ability of the leadership in effectively translating revenue to profit notwithstanding the challenging economic impact of the […] The post FBNBank

Construction work on the Tamale International Airport runway project’s second phase, aimed at ensuring the airport meets international standards to accommodate bigger flights, is progressing steadily and is about 26 percent complete. The 5,170 metre-square project, proposed to be an alternative to the Kotoka International Airport when completed, is currently at the footings, soft and hardware stage, […] The post Tamale

The newly elected General Secretary of the Ghana Mineworkers’ Union of TUC, Abdul-Moomin Gbana, addressed the mid-year National Executive Council meeting last weekend in Sunyani, capital of the Bono Region, and commended government for its bold response to the COVID-19 pandemic. He noted that the pandemic outbreak has not been only doom and gloom, since […] The post Mineworkers’

Meridian Port Service (MPS) reached a new level of container-handling productivity on vessels by exceeding the previous record of 112 moves/hour which was achieved on MSC ALTAIR that berthed at Terminal 3 on May 15, 2020. The new vessel productivity record of 139.91 moves/hour on MSC Livorno is from first lift to last lift, and […] The post MPS Terminal

GOIL Company Limited, GOIL, recorded an impressive performance in 2019, with profits increasing by 29 percent and sales growing by 9.66 percent. Addressing shareholders at the company’s 51st Annual General Meeting held virtually and streamed live by video link to all shareholders in Accra, Board Chairman Kwamena Bartels disclosed that GOIL’s growth in sales volume […] The post GOIL holds AGM appeared

Until the Coronavirus pandemic, banks in the country did not really know the extent to which their technology infrastructure, which they have been developing and deploying for more than a decade, could be strained and still deliver to customers’ satisfaction, bankers have noted. Even as they bask in the success of their technology systems’ ability […] The post COVID-19

Following the President’s directive that tertiary institutions be reopened this week for continuing students, the Ministry of Education (MoE) in collaboration with Zoomlion Ghana Limited (ZGL) undertook  the second phase of disinfecting all tertiary institutions across the country. The nationwide exercise started simultaneously on Friday in about five regions. These were the Greater Accra, Central, […] The post 2nd-phase

The Ghana Stock Exchange saw a decline of trading activities in the first quarter of the year, mainly induced by the global impact of the coronavirus pandemic – pushing investors to flee to safer havens like gold, the Japanese Yen and US dollar, a Bank of Ghana report has revealed. According to the First Quarter […] The post Investors flee stock market…take