In the competitive business world, understanding your enterprise's financial foundations is beneficial and essential for survival and growth. Among the most crucial financial metrics entrepreneurs must grasp are Profit, Margin, Profit Margin, Net Profit, and Net Margin. Each of these terms, while interconnected, offers unique insights into the financial...
Zoomlion Ghana Limited is a limited liability company established in January 2006, under the Company’s Code 1963, Act 179 of Ghana. Over the years, it has become a giant in waste management as well as environmental sanitation business in Ghana and Africa.
The company’s core mandate has been to help...
Databank Research projects single-digit end year target
Declines of food prices in January 2021, typical after every festive season, have led to a drop in inflation to the single-digit column - recording 9.9 percent, data from the Ghana Statistical Service have shown.
The data indicate food inflation for January dropped...
Nigerian banks plan to restructure over a third of loans after running into repayment problems due to the coronavirus pandemic, a member of the central bank monetary policy committee said.
A total of 17 banks have submitted requests to restructure over 32,000 loans for businesses and individuals, representing 33% of...
The acting Commissioner-General of the Ghana Revenue Authority (GRA), Ammishaddai Owusu-Amoah, has indicated that among the GRA’s 2021 strategies to increase its revenue portfolio is an aggressive and vigorous taxation of e-commerce this year, as the regulation empowering the taxation is being streamlined and sensitisation is going on.
It is...
EU eyes African aid package amid food supply issues
EU sanctions on Russian banks are exacerbating Africa’s growing food crisis by making it difficult to pay for wheat exports, according to African Union chair and Senegal President Macky Sall. He told EU leaders that the worst is still ahead if...
Fitch Ratings has downgraded Ghana's Long-Term Local- and Foreign-Currency Issuer Default Ratings (IDRs) to 'CC', from 'CCC'. Fitch typically does not assign Outlooks to issuers with a rating of 'CCC' or below.
A full list of rating actions is at the end of this rating action commentary.
KEY RATING DRIVERS
Increased Probability of...
While Africa embarks on a journey to bring prosperity to its citizens and make the continent economically strong through the African Continental Free Trade Area (AfCFTA) agreement, one major challenge that may derail this goal and work to the advantage of foreigners is non-enforcement for rules of origin, as...
A microfinance company based in the Western Region, Boin Microfinance Limited, has cited the Receiver, Eric Nana Nipah, for abuse of power and disregard for the law as the company’s assets are being confiscated despite court order stopping it from doing so.
According to management of the company, the Accra...
The Chartered Institute of Bankers-Ghana (CIB) has advised bank customers to be circumspect with their criticism of the sector on social media whenever they have challenges with banks, as it goes a long way to not only affect the sector’s image but also adversely impact the hard-earned confidence regained...