In line with Ashesi University's mission to educate ethical entrepreneurial leaders in Africa, its Entrepreneurship Centre through the Ashesi Venture Incubator (AVI) X Grant Programme has awarded alumni business ventures grants amounting to US$65,000. Having been active under the AVI since 2020, the grant has supported many Ashesi alumni business...
The cedi's recent revival appears to be on for a sustained run - on the back of increased forex liquidity amid the IMF's Staff-Level Agreement and government’s recent suspension of coupon payments on some external bonds as well as the Bank of Ghana’s interventions. The local currency stabilising around the...
… even as Nov sees sharp rise Despite consumer inflation logging its biggest leap in nearly two decades, breaching the 50 percent threshold for an accelerated 18th consecutive month, market watchers have maintained the inflation outlook for a peak at the end of Q1 2023. Headline inflation surged to 50.3...
… sets sights on expanding nation’s share of US$31bn African market W. Emporium, a forward-looking lifestyle store - building on the legacy of the erstwhile Woolworths - has opened its door to patrons in Accra as it sets its sights on the booming multi-billion-dollar segment. Despite a growing local economy and...
With inflation and rising utility prices putting pressure on business margins, suspending the subsidy on residual fuel oil (RFO) has compounded the textile industry’s challenges - forcing the likes of Tex Styles Ghana Limited (TSG) to shut down a couple of times this year. Government, effective November 1, 2022, withdrew...
Seabeige Ghana Limited has launched its Tissue brand-line called Safare Tissues. The short event to unveil the new Tissue brand on the market brought together dignitaries from all walks of life. Speaking at the launch, Mr. Eric Amofa - who is the Managing Director for Seabeige Ghana Limited, indicated that: “Our...
Curtis William Brantuo (Esq.) has been appointed Deputy Managing Director of ARB Apex Bank PLC. His appointment took effect from December 1, 2022, and he will complement Alex Kwasi Awuah, who was appointed Managing Director of the bank in January this year. Prior to his appointment as Deputy Managing Director,...
All over the world, economies are going through very turbulent times. Just at the time the world was gradually recuperating from the devastating effect of COVID-19, it was hit with Russia’s invasion of Ukraine. In the case of Ghana our beloved country, these macro environmental factors have had a cataclysmic...
Africa Prosperity Network (APN), organisers of the ‘Kwahu Summit’, showed up in Washington, DC to promote the much-awaited Kwahu Summit, which brings Africa’s political and business leaders together to work on the all-important single market project for the continent. Organisers of the Africa Prosperity Dialogues, dubbed: ‘the Kwahu Summit’, interacted...
The African Guarantee Fund Group (AGF), through its subsidiary AGF West Africa, and the Orabank Group have concluded a portfolio guarantee agreement for a total amount of 60 billion FCFA (100 million USD), aimed at increasing the financing capacity of the Orabank Group in favor of SMEs through its...