Business entities that do not take the pain to conduct thorough background checks on potential employees face a considerable risk which could lead to dire consequences on their operations, business risk specialist Harry Baiden has said. In 2016, the Bank of Ghana stated that financial institutions reported about GH¢240 million...
A nationwide advocacy campaign, aimed at sensitising the general public about the negative economic and social effects as well as the security dangers associated with the use of counterfeit electrical products has been initiated. The campaign involves all relevant stakeholders including manufacturers, distributors, contractors, consumers and regulatory bodies to champion...
To ensure an increase in export volumes and draw more foreign investment into the country, government is strengthening supply chains of exportable products through the Coconut Export Revitalisation Project. “Our key vision under the current export strategies for the agricultural sector is to diversify our export base to ensure we...
The National Investment Bank (NIB) has hailed the Supreme Court’s decision to uphold its earlier ruling that absolved the bank of a US$60million judgement debt suit, saying it has renewed investor confidence in its business. The ruling will allow the bank to seek new business and will allow its corresponding...
Parliament has approved a total of GH¢924m GETFund allocation for the 2018 fiscal year, with the largest tranche of GH¢328million or over 35 percent earmarked for projects and programmes at tertiary institutions. According to the report of parliament’s Committee of the Whole, secondary and basic schools were allocated GH¢256m and...
The final report of the West Africa Growth Ring Corridor Master Plan (WAGRIC) that contains the action plans and strategies aimed at achieving spatial and economic integration of the sub-region has been presented. The plan aims at enhancing infrastructural and transport connectivity between Ghana, Togo, Burkina Faso and Cote d’Ivoire,...
Whilst the regulator has given March 15 for electricity tariff reductions to take effect, the ECG has said it can only implement the adjustment beginning April 1, arguing that setting aside its monthly billing cycle could create billing discrepancies. Speaking at a press briefing in Accra, Managing Director of ECG,...
US President Donald Trump has blocked a planned takeover of chipmaker Qualcomm by Singapore-based rival Broadcom on grounds of national security. His order cited "credible evidence" that the proposed $140bn (£100bn) deal "threatens to impair the national security of the US". There were concerns the takeover could have led to China...
As part of activities commemorating International Women’s Day 2018, Uber recently hosted a crop of Nigeria’s leading ladies at a themed event tagged: #UberBelieveinHer. The event highlighted the Uber female West Africa team, and also featured attendees drawn from a pool of female entrepreneurs, career women, public service officials, and...
Africa’s smartphone market experienced a quarter-on-quarter (QoQ) decline of 6.4 percent during Q4 2017, according to the latest insights announced by International Data Corporation (IDC). The global technology research and consulting firm’s Quarterly Mobile Phone Tracker shows smartphone shipments were down to 20.3 million units for the quarter. Year on...