The Board of Cal Bank Ghana PLC has approved a GHS 600 million renounceable rights issue to be sourced through private placement of ordinary and preference shares to new investors. The issuance comprises 1,872,461,736 ordinary shares of no-par value, priced at GHS 0.29 pesewas per share, and 196,503,781 preference shares of no-par value, also priced […] The post CAL
The African Continental Free Trade Area (AfCFTA) Secretariat has announced its commitment to mobilize $10 billion to bolster the development of small and medium-scale enterprises led by youth across Africa. The AfCFTA revealed that it has already allocated $150 million to support the burgeoning businesses of young entrepreneurs in Africa. Additionally, it aims to augment […] The post AfCFTA
… experts perspectives from “the dialogue“ The power sector in Ghana has been plagued by persistent challenges, including electricity crises that have had significant ramifications on the nation’s economy and livelihoods. In recognition of the urgency to address these issues, The Dialogue, a platform created by the Graduate Students Association (GRASAG) National Secretariat is dedicated […] The post
A group photograph of the participants after the training Some selected staff of the Electricity Company of Ghana (ECG) have undergone a three-day training aimed at empowering the participants with Read More... The post ECG Staff Receive Gender Equity Training appeared first
Dr. John Kwakye The Director of Research at the Institute of Economic Affairs (IEA), Dr. John Kwakye says government must accept responsibility for the economic outcomes during the 2020-22 Read More... The post ‘Accept Responsibility For Economic Outcomes’ appeared
Ghana and Kenya has formed a bi-national commission to elevate their relations. The agreement was reached at Jubilee House on Wednesday, April 3, 2024 when the President of Kenya, William Ruto, visited President Akufo-Addo. He was on a 3-day official state visit to Ghana to strengthen the ties of cooperation that exist between the two […] The post Ghana and Kenya form bi-national Commission appeared
Business communities in Ghana and Kenya have appealed to their respective governments to consider procuring vessels to aid intra-countries trade. The Ghana Chamber of Commerce and the Kenyan Association of Manufacturers were in sync on this advocacy, at a business forum for Ghana and Kenya held in Accra on Wednesday, April 3, 2024. The two […] The post Biz communities
The depreciation of the Ghanaian cedi against the US dollar continues its upward trend on the commercial forex market, with the loss in value nearing 10% for the first four months of 2024. Since the beginning of the year, the cedi has experienced marginal depreciation marking a year-to-date depreciation of approximately 9.37%. However, this marks […] The post Cedi-dollar
The Executive Director for the Institute for Energy Security (IES), Nana Amoasi VII, has cautioned that Ghana could lose the electricity export market if President Akufo-Addo’s directive to curtail power continues. President Akudo-Addo, in a letter to the Volta River Authority (VRA), ordered the retention of power exports for domestic use in response to the […] The post Ghana
Energy Analyst and CEO of Euroka Energy Solutions, Dr Yussif Sulemana has taken a swipe at the National Petroleum Authority (NPA) for reintroducing the Price Stabilisation Recovery Levy in the price build-up. To him, this is not the best decision to take at this time of rising fuel prices. The NPA in a letter dated […] The post Energy Expert criticises NPA for
The Ghana Cocoa Board (COCOBOD) has announced a revision in the Producer Price of cocoa for the remainder of the 2023/24 crop year, effective from Friday, April 5, 2024. This decision was made following consultations with stakeholders. COCOBOD in a statement released on April 5, 2024, explained that a 64 kg bag is now priced […] The post Government increases producer price
The Minister of Youth and Sports, Mustapha Ussif, has revealed that the African Union (AU) has declared Accra as the African City for Sports. This pronouncement comes after the successful organization and hosting of the 13th African Games (ACCRA2023), which took place across several sporting venues in Accra and Cape Coast. Hon. Ussif said, in […] The post Africa
Dr. Kweku Arthur-Annobil, Strategy Lead & Business Manager (BCB) at Stanbic Bank, has urged regulators and business leaders in the financial sector to support female entrepreneurs to grow and expand their businesses. He made this statement at the 2024 Women in Business Dialogue series, held at the La Palm Royal Beach Hotel. Speaking at the […] The post Women
By Emmanuel AKOMEA The Chief Executive Officer of DCG Consulting Group, Dzibordi K. Dosoo, emphasizes the significance of prioritizing skill development and effective communication to thrive in today’s competitive business environment. According to her, regardless of the product or service offered, refining one’s abilities and communicating effectively with customers are pivotal for success. Dosoo further […] The post
The Institute of Economic Affairs (IEA) has criticized the government for its poor macroeconomic performance from 2020 to 2022. During this period, Ghana experienced an economic downturn, with the government seeking a 3 billion bailout from the International Monetary Fund (IMF). Giving a post-analysis of President Akufo-Addo’s State of the Nation Address (SONA), on April […] The post Economic
Panelists present at the forum MTN Business recently organized a conference aimed at exploring the impact of data and Artificial Intelligence (AI) on businesses. The one-day event was themed, Read More... The post MTN Business Holds Data, AI Conference appeared first on
By Kestér Kenn KLOMEGÂH Russia has now started calling for combined strategic partnership and international efforts to drastically address the complexities of rising insecurity and adopting a multilateral military force for countering terrorism in Africa, particularly in Burkina Faso, Mali and Niger. An official statement from the Russian Foreign Ministry called for finding common solutions […] The post
Kafui Bimpe Access Bank Ghana has partnered indigenous shoe manufacturer, Horseman Shoes, to empower over 500 shoemakers in the country. A statement issued by the bank said the empowerment Read More... The post Access Bank Partners Horseman Shoes appeared first on
The Minority members in Parliament say they have taken notice of recent developments on the international market relative to the prices of cocoa. In a statement signed by the Ranking Member on the Parliamentary Select Committee on Food, Agric & Cocoa Affairs, Mr Eric Opoku, the group said they have observed that global cocoa prices […] The post Minority in parliament demand
Access Bank Ghana Plc, a leading retail Bank in Ghana, has published its robust financial performance for the fiscal year ending 2023, marking a significant milestone in its journey of growth and resilience, further solidifying its path towards achieving its strategic goals. The bank recorded an outstanding increase in Profit Before Tax (PBT) compared to […] The post Access
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