Revenue of GH₵676.7millon; 9% growth over 2016
Profit before tax of GH₵422.3million up 22% over 2016
Strong and resilient balance sheet
Standard Chartered Bank Ghana Limited, has posted a strong profit before tax of GH₵ 422.3million in 2017 representing 22% increment over the previous year (2016) with earnings per...
The Parent Company of HFC Bank, Republic Financial Holdings Limited (RFHL) reported a profit of $1.25 billion for the Group’s financial year ended September 30, 2017. This was highlighted in the 2017 Annual Report of the Group.
In the Chairman’s review message Mr. Ronald F. deC. Harford stated that the...
A sharp increase in the number of stevedore companies at the country’s ports without a corresponding increase in demand for labour has made the loading and unloading business unprofitable, with many of the firms considering layoffs.
The number of stevedore companies has increased from seven to 20 recently, while four...
Banks and other businesses in the country are simply paying lip-service to the critical issue of cyber security, with regulatory inaction being a major contributory factor, Del Aden, Managing Partner at cyber security firm, Delta 3 International, has said.
“There is a lot of talk but not enough action or...
Vice-President Dr. Mahamudu Bawumia has said government is working on a roadmap that when adopted will ensure a ‘significant’ portion of gold and cocoa beans produced locally are also processed locally.
Dr. Bawumia, speaking at a conference on Fiscal Management of Mining and Petroleum in West Africa organised by the...
The Vice President Dr. Mahamudu Bawumia has disclosed that, the government has begun discussions with the gold mining companies over export of gold.
According to the second gentleman, is expected to help ensure that, the country derives the maximum revenue from the country’s gold which is exported.
He also said, Precious...
The Minister of Finance, Ken Ofori-Atta, has said the government was hard against time to address challenges with payment of arrears to contractors.
But the Minister was quick to add that, his Ministry was also ensuring that due diligence was done to avoid paying fraudulent claims.
Speaking to financial and economic...
The Minister of Aviation, Madam Cecilia Dapaah, has disclosed that, almost defunct domestic airline, Starbow has been directed to retrain and ensure that it employs qualified and certified staff.
According to the Aviation Minister, the Starbow one of the two domestic airliner which was in operation, has also been directed...
The Ghana Interbank Payment and Settlement System (GhIPSS) has commended organisers of Ghana’s premier pop-up market, christened Selewa Market, for creating a platform for shoppers to use electronic forms of payment at the fair.
The fair created over the past 3 years, has provided an avenue for businesses ,both SMEs...
The centrality of SMEs to the economic development of developing countries, especially, has been well established. In Africa, SMEs account for the vast majority of jobs and more of such businesses would be required to absorb the growing workforce and address unemployment on the continent.
This requires an enabling environment...