Insurance is based on two basic principles; risk transference and the law of large numbers. It is a means of protection from financial loss. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss. An entity that provides insurance...
The historical city of Kumasi is undergoing significant change. Daniel Mensah Boafo/Shutterstock Housing is one of the most basic human needs and can have a profound impact on the happiness, lifestyle, self-esteem, and productivity of an individual. Yet the delivery of adequate housing to urban dwellers has been a...
The country’s food security balance sheet, according to data from the Chamber of Agribusiness Ghana (CAG), has hit a negative two percent. CAG's Chief Executive Officer, Anthony Selorm Morrison, explained that food security - considering the food in storage or reserves, vis-à-vis volume of food imported and compared to national...
Data collection for Phase I of the Ghana Integrated Business Establishment Survey (IBES) is set to begin on Monday, January 15, 2024, government Statistician Samuel Kobina Annim has announced. The survey is an economic census that will enumerate all businesses across all sectors of the economy and is aimed at...
The University of Mines and Technology (UMaT) and the Ghana National Association Small Scale Miners (GNASSM) have signed a Memorandum of Understanding (MOU to ensure responsible mining in Ghana. This forms part of the celebration of the first Sustainable Artisanal and Small-Scale Mining Awareness Day held at Tarkwa in the...
Ghana Libyan-Arab Holding Company (GLAHCO) has moved swiftly to debunk allegations that the Golden Tulip Hotels in Accra and Kumasi, owned by a joint venture between the Government of Ghana and Libya, have been sold to a Lebanese company. “GLAHCO wishes to inform the general public that, Golden Tulip Hotels...
says economy being exposed to huge financial risk Government needs to make drastic change to its policy on gas in order to reduce the huge financial risk it exposes the economy to, Executive Director of Institute for Energy Policy (IES), Nana Amoasi VII, has advocated. The country pays around US$700...
The Special Prosecutor Martin Amidu has completed and presented its corruption risk assessment on the Agyapa Royalties deal to President Akufo-Addo. Among other, the report of the Special Prosecutor’s office said the involvement of Data Bank Financial Services Limited in the Agyapa Agreement smells of “bid-rigging.”. The report added that the...
Industry experts in Ghana recently gathered in Accra for a business seminar that sought to deliberate on pertinent developments in the Ghanaian economy and their impact and mitigating factors for German-Ghanaian businesses. Organised by the Delegation of German Industry and Commerce in Ghana (AHK Ghana) the seminar, dubbed ‘Ghana’s Economic...
Access Bank Ghana Plc has opened a new branch at the Bright International Industrial hub in Afienya, bringing banking services closer to customers in the industrial hub and its environs. This is in pursuance of the bank’s strategic objective of enhancing customer experience and satisfaction for the over-100 medium...