The Head of Investment Banking at Stanbic Bank Ghana, Kobby Bentsi-Enchill, has emphasized the importance of the domestic capital market as a viable and sustainable source of funding for businesses. Mr. Bentsi-Enchill said this at the issuance of Letshego’s newly established and expanded GHS 500 million bond programme at the Ghana Stock Exchange. Speaking on […] The post Domestic
The Ghana Electrical Contractors Association (GECA) has expressed a firm conviction that the Electricity Company of Ghana (ECG) does not need a special upward tariff adjustment to resolve its challenges especially with forex losses. The power distribution company, ECG is seeking a 34% increment on the current tariff. Key among the reasons given for the […] The post ECG
By Ebenezer Chike Adjei NJOKU ([email protected]) Indigenous financial services provider, CalBank is aiming to raise GH¢600 million in fresh capital through a renounceable rights issue. This capital injection will aid the lender’s recovery from the effects of the Domestic Debt Exchange Programme (DDEP) and fuel its future growth plans. The move will offer existing shareholders […] The post
By Ebenezer Chike Adjei NJOKU [email protected] The Ghana Stock Exchange (GSE) is pushing for the reinstatement of the capital gains tax exemption on listed securities, with Managing Director Abena Amoah confident it would deepen investor participation and solidify the bourse’s gains. She believes the tax break, coupled with tax incentives for listing companies, would significantly […] The post
Electronic Arts (EA) is cancelling an upcoming Star Wars game and will lay off 5% of its employees globally- approximately 670 people. The game, which was in early development, would have been a first-person shooter set in the Star Wars universe. The firm said the “streamlining” would “deliver deeper, more connected experiences for fans”. It […] The post Star
By John S. Quaisie In today’s world, where new and emerging technology enables us to do business in more efficient and smarter ways and promote more efficient communication and documentation, Christians are confronted with the challenge of how to make appropriate and wise decisions, as we seek to promote the Kingdom business in more creative […] The post
The International Chamber of Commerce (ICC) and other associations urge WTO members to support continuation of the Moratorium on Customs Duties on Electronic Transmissions at the WTO’s Thirteenth Ministerial Conference (MC13). Allowing the Moratorium to expire would be a historic setback for the WTO, representing an unprecedented termination of a multilateral agreement in place nearly […] The post
By Sanusi Zankawah (PhD) The surge in food prices has placed significant strain on consumers and has raised concerns about food security. In response to these challenges, Ghana’s government has implemented various measures, including the establishment of a buffer stock system, to mitigate the impact of food inflation and ensure the availability of essential commodities. […] The post
China has tightened its financial industry rules as the government tries to halt a deepening sell-off in the world’s second-largest economy. Nearly $6tn (£4.7tn) has been wiped off Chinese and Hong Kong stocks since their most recent peak three years ago. The China Securities Regulatory Commission (CSRC) says the measures will create “a fairer market […] The post China
British High Commissioner Harriet Thompson has expressed the UK’s readiness to collaborate with Ghana to advance electric vehicles (EVs). “We are thinking about it in the long term¸” the High Commissioner said at an auto investor reception at her residence in Accra. She added: “We are not only here thinking about what are the opportunities today, but we are also very much interested in how the sector […] The post
In the early 1990s, every self-respecting American yuppie and retired suburban couple bought an electric bread maker, with sales hitting four million units. But the fad soon faded as these amateur bakers discovered that stuffing a precise quantity and ratio of flour, eggs, butter, yeast, and salt into a metal box takes time and costs […] The post Are electric cars a dead end?
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