Ã¢â‚¬Å“Seventy percent of business ventures will fail in the first five years!Ã¢â‚¬Â says Kenneth Thompson, CEO of Dalex Financial Services Limited.
Speaking at the recent Servled Friday gathering on the subject matter Ã¢â‚¬Å“Financing your business with other people's money -- friends, family and foolsÃ¢â‚¬Â, he said for many this is largely due to the complexity of finding funds to start or expand a business.
Servled Friday is a free event held every Friday that brings an accomplished entrepreneur or business
The usual congestion and unending queues at the arrival and immigration halls of the Kotoka International Airport (KIA) is to be reduced significantly by the end of November 2015 due to the ongoing expansion and rehabilitation project at the nationÃ¢â‚¬â„¢s premier airport.
Charles Kwame Asare, Managing Director of Ghana Airports Company Limited (GACL) gave this assurance during a visit by the Minister of Transport Dzifa Aku Ativor to the site to monitor and inspect the project.
Following the influx
Government has secured $108 million loan from the International Fund for Agricultural Development and the African Development Bank to implement the third phase of the Rural Development Programme (REP).
Deputy Minister of Trade and Industry Kweku Rickett Hagan said government will be providing an additional $64 million to complement the loan through counterpart funding.
He was speaking at the opening session of a three-day workshop on the implementation of the third phase of the REP for Municipal
Licensed Cocoa Buying Companies (LBCs) have been asked to avoid unhealthy competition and bad business practices likely to compromise the quality of GhanaÃ¢â‚¬â„¢s beans.
The Chief Executive of Ghana Cocoa Board (COCOBOD), Dr. Stephen Opuni, said the LBCs should operate strictly within the rules governing the internal cocoa trade, promote good agronomic practices and to handle the grading and delivery of stocks with efficiency.
He said the expectation is that they would continue to stick to due diligence
The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) has maintained the policy rate 19 percent.
The Policy rate indicates the rate at which commercial banks can borrow from the Central Bank.
Prior to the announcement some economists had predicted that the committee will maintain the rate at 19 percent due to the coming on board of COCOBODÃ¢â‚¬â„¢s 1.7 billion dollars, the 1 billion Eurobond.
Ongoing talks with the International Monetary Fund (IMF) was also expected to have an impact on the rate.
Determined, hardworking, a compulsive reader; lover of arts and philosophical thoughts: these are words and phrases that Irene Vida Gala, the Brazilian Ambassador to Ghana, describes herself with.
A self-proclaimed agnostic, she has had a long career in politics and diplomacy, creating the opportunity for herself to learn a lot about different countries, cultures, peoples and arts.
Whereas in other parts of the world politicians see politics as a means to make money, she sees it differently: she
The Deputy Managing Director of UT Bank, Pearl Esua-Mensah has asked people to imbue in themselves the habit of saving in order to accumulate funds to meet their needs.
Her remarks come following the launch of UT BankÃ¢â‚¬â„¢s save and win promotion dubbed Ã¢â‚¬Å“100 for 100, 000Ã¢â‚¬Â in a bid to enhance the bankÃ¢â‚¬â„¢s deposits mobilisation efforts.
Mrs. Esua-Mensah noted that many Ghanaians are unwilling to save but rather prefer to carry huge sums of money, which she said needs to change.
She said the Ã¢â‚¬Ëœ100
In a bid to recover their debt, Bulk Oil Distributors are working on rolling-out a credit rating system that will determine the credit-worthiness of Oil Marketing Companies.
Senyo Hossi, lobbyist for the fuel importers, said they are working toward the first week of next month to roll out the system, whereby the OMCs will be rated based on their credit history.
Ã¢â‚¬Å“So we will put them in tier-one, tier-two, tier-three and tier-four. So if you are a tier-four customer, the industry knows you are
The chairman of Anlo Rural Bank, Larry Kwesi Jiagge, has announced that the bank has been adjudged the best performing rural and community bank for the third consecutive year in the country.
The bank was also adjudged fourth out of 135 rural and community banks and first in the Volta Region by the Efficiency Monitoring Unit of the ARB Apex Bank Limited -- regulator of all rural banks in the country.
Kwesi Jiagge, speaking at the 13th annual general meeting of the bank, attributed the feat to restructuring
Finalists of the 2014 Quarry Life Awards (QLA) competition have until Tuesday, September 30 to submit their final projects, the Communication Coordinator, Solomon Ayiah, has announced.
This forms part of processes toward the assessment and identification of the top-three projects and finalists to represent the country on the international stage later this year.
Mr. Ayiah announced this last week, as the national QLA coordinators and jury toured the five finalistsÃ¢â‚¬â„¢ various project sites. The team
The International Monetary Fund (IMF) has said that its negotiations on a possible programme with government on how the Fund can help the countryÃ¢â‚¬â„¢s economic problems and accelerate GhanaÃ¢â‚¬â„¢s journey to restored economic stability will come to a close next week Thursday.
The IMF team, which began the bailout discussions with government yesterday, is being led by Joel Toujas-Bernate while Professor Kwesi Botchway, Chairman of the National Development Planning Commission, is leading the governmentÃ¢â‚¬â„¢s
Integration of capital markets in the West African sub-region has inched a step closer with the approval for brokers in the member-countries to start drawing up partnership agreements that will enable them to trade across markets.
The Integration Council of the member-countries -- made up of Ghana, Nigeria, Sierra Leone and the Bourse Regionale des Valeurs Mobilieres (BVRM), which features eight Francophone countries -- gave the approval to fast-track the integration process.
Ã¢â‚¬Å“We are supposed
The Finance Minister, Seth Terkper has talked of governmentÃ¢â‚¬â„¢s concern for the countryÃ¢â‚¬â„¢s rising public debt stock, hoping implementation of the public debt strategy will help mitigate the impact of governmentÃ¢â‚¬â„¢s incessant borrowing habit.
Mr. Terkper, speaking to newsmen after the issuance of the third Eurobond, said government is fully aware of the rising debt situation -- which stood at some GHÃ‚Â¢58.4billion as at March, 2014.
Total stock of public debt (domestic and external) was up from GHÃ‚Â¢52.1billion
Global wind and solar company, Mainstream Renewable Power, has signed an agreement with Swiss wind farm developer, NEK Umwelttechnik to purchase the 225 megawatt (MW) Ayitepa Wind Farm, paving the way for the generation of GhanaÃ¢â‚¬â„¢s first commercially-viable wind power in the next 18 months.
The Ayitepa Wind Farm project, which is located 40 kilometres from Accra in the Eastern Region, represents a total investment of US$525 million, and it is expected to reach financial close next year and start
The airline industry in Africa is comparatively young and the smallest among the six regions of the world as defined by ICAO.
The colonial era witnessed colonial powers such as Britain, establish locally-based airlines which served their colonies, whereas Belgium, France, Portugal, and Spain used their national airlines to serve the respective colonies under their jurisdiction. Most African governments moved to establish national carriers such as Ghana Airways and Nigeria Airways soon after they
With an estimated 10 percent growth in domestic and international throughput over the past five years, there is an increasing pressure on aviation infrastructure on the ground.
The company responsible for managing and maintaining all airports and aerodromes in the country, The Ghana Airports Company limited (GACL) has responded to this need and has developed a fine print to address the infrastructural shortfall and boost the growth of the aviation sub-sector.
The Ghana Airports Company Limited (GACL),
Kwamanman Rural Bank Limited at Kwaman in the Nana Konadu Yiadom Kumanin IV has donated 50 bags of cement to support development projects for the Kona community in the Sekyere South district of Ashanti Region.
Mr. Newman Dapaah, a board member of the bank who made the presentation on its behalf, said it was a great delight and a matter of urgency for both management and Board to attend the call of the Traditional Council to assist the town embark on some planned development projects in the Kona community.
CEO Communications, a South Africa-based media company, has held the maiden edition of the Titans -- Building Nations award to reward male business leaders on the continent.
At a short ceremony in Accra, nine men from different countries in West and Central Africa were presented with country and regional awards under different categories for their passion and commitment to advancing the cause of sustainable business leadership.
The winners include Frederick Amissah, a country and regional winner
Domestic carrier, Starbow is close to establishing a robust regional network with flights to Lagos and Abuja commencing early next year, James Eric Antwi, the Chief Executive Officer and Accountability Manager of the airline has hinted.
The airline also has approval to venture into the Cotonou, Guinea Bissau and Cote dÃ¢â‚¬â„¢Ivoire markets.
Ã¢â‚¬Å“There are plans to do the regional flight. We have these approvals in place. We will have to connect and make sure that we have a binary operation then we can
Local travellers will from April next year enjoy the brand-new Premium Economy Class on-board Lufthansa from Accra via Frankfurt to over 193 international destinations in 81 countries across the Americas, Asia, and Europe.
Mr. Kevin Markette, Country Manager of Lufthansa, told the B&FT that: Ã¢â‚¬Å“The new Premium Economy on Lufthansa is different from what you know as economy plus on other airlines. It is a classic premium economy; itÃ¢â‚¬â„¢s a new bigger seat, wider seat, with far improved seat pitchÃ¢â‚¬Â.