Key findings of Ghana PMI
New orders rise, but companies continue to lower activity
Employment scaled back again, but at a reduced pace
Purchase costs increase at the fastest rate since January
Business conditions in Ghana's private sector were broadly stable again in July, mirroring the picture seen in June,...
The impact of the COVID-19 pandemic on commercial contracts is inevitable. Issues of inability to perform and inadequacy of performance of contractual obligations as a result of the conditions brought about by the pandemic would be prevalent among contracting parties in the coming months.
In all these, parties to commercial...
The African Export-Import Bank (Afreximbank) has been recognized by EMEA Finance’s 12th African Banking Awards for two transactions processed under its Intra-African Trade Initiative.
Afreximbank was recognized for its leading role in the $737 million bundle of guarantee facilities granted to Elsewedy Electric Group and The Arab Contractors for the construction of...
The European Investment Bank (EIB), the lending arm of the European Union, and the African Export-Import Bank (Afreximbank), Africa’s foremost multilateral trade finance institution, are directing €300m of financing to support the resilience and recovery of African nations in response to the COVID-19 pandemic.
The funds will ensure businesses across...
Entrepreneurs always look for opportunities, in both good and bad times. Even in times of a national tragedy, business ideas can come out. And that is how one young entrepreneur, Sena-Emefa - who talked to the B&FT’s Inspiring Startups - conceived her business idea.
After the sad incident of the...
Republic Bank (Ghana) Limited, a subsidiary of Republic Financial Holdings Limited, has advocated for issuance of a Green Bond in Ghana to raise long-term financing for Green Building construction by developers and Green Mortgage financing.
This was proposed when the bank participated in the virtual Ghana Green Building Summit organised...
The Food and Drugs Authority (FDA) has expressed concern over the ‘rush reading’ of its advertisement endorsement tagline - ‘This advert has been vetted and approved by the FDA’ – by some companies.
According to the FDA, even though it seems not to be widespread, notices have been sent to...
In a first of its kind offer, telecom operator AirtelTigo has launched a ‘Free Morning Offer’ to give new and existing customers free AirtelTigo to AirtelTigo calls from 5am to 10am every day for six months.
In addition to the free calls, new customers will also get to enjoy free...
The Agricultural Development Bank (ADB) has posted impressive financial growth in its half-year results, even in the face of the Coronavirus pandemic that has wreaked havoc on all sectors of the economy, including the financial sector.
The unaudited half-year results published by the Bank last week showed growth in all...
Ghana Rubber Estate Limited (GREL) could lose €550,000 of investment made on their plantation from 2010 to 2020 if illegal miners, or ‘galamsey’ operators, are not driven away from the company’s concession.
Perry Acheampong, Corporate Affairs Manager of GREL, told B&FT in an interview that should the concession be lost,...