Rapid exchange rate depreciation, high inflation and suspension of the residual fuel oil (RFO) have pushed up prices of locally made textiles, with the industry’s growth taking a big hit this year. The cedi has lost about 53.8 percent of its value since beginning of the year, according to the...
The Bank of Ghana (BoG) has reiterated its cautionary stance to institutions it licences as well as the wider public on the use and trade of cryptocurrencies within its jurisdiction, citing glaring existing risks which it believes could jeopardise the nation’s financial sector if left unchecked. This comes as the...
Bilateral trade between Italy and Ghana has surged from over €521million in 2021 to a current €600million, Italian Ambassador to Ghana Daniela d'Orlandi has said. “Our bilateral trade has increased tremendously notwithstanding the COVID-19 pandemic. In 2021 it was over €521million and has been growing, reaching €600million in August this...
The European Union funded Investment Promotion and Business Linkages Project has ended with 400,000.00 euros invested in small and medium agro-processing companies to attract investment, improve suppliers’ linkages to larger companies and increases exports. The Project has contributed to inclusive growth in Ghana by helping to create formal jobs across...
The Board of Agricultural Development Bank PLC (ADB) has announced the appointment of Alhassan Yakubu-Tali as its new Managing Director effective December 1, 2022, following regulatory approval by the Bank of Ghana (BoG). He assumes the position as successor to Dr. John Kofi Mensah, who retired on November 30, 2022,...
In the presence of many leading figures of the African financial community, the closing ceremony marked the end of the 2022 edition of the Africa Financial Industry Summit (AFIS). Bringing together in Lomé more than 800 decision-makers from the African and international financial sector, AFIS 2022 laid the foundation for...
HHA exceeds 30M screenings milestone since 2014 launch, across 9 countries to date Programme recognised as a Best Practice by 2022 Access to Medicine Index for its contribution to the prevention and control of hypertension across Africa, where prevalence is highest worldwide AstraZeneca has announced a planned expansion of its access...
Network International, the leading enabler of digital commerce across the Middle East and Africa (MEA), has announced its new Ghana office and datacentre. This launch will offer innovative solutions that drive revenue and profitability to customers and help businesses and economies prosper by simplifying commerce and payments in the...
New program gives restaurants and retailers a toolkit to help them digitise their business while growing online channels. Glovo aims to catalyse the online growth of small to medium businesses, as only 20% of merchants have digital presence globally The launch coincides with research commissioned by Glovo...
A dream doesn't become reality through magic; it takes sweat, determination, and hard work." --Colin Powell What’s keeping top company executives awake at night? This week, I wish to dedicate my column to Bank Executives in Ghana, especially the CEOs. Why am I doing that? Someone would ask: “Are they not the...