BUSINESS

Mr Ishmael Yamson, Chairman of MTN Ghana Tuesday said the company recorded a strong financial performance in 2018 with profit before tax increasing by 16.5 per cent to GHc1.6 billion, while earnings per share was GHC 0.067. He said the performance was a testament to the disciplined execution of the company’s strategy of maintaining a strong balance sheet, improving profitability ...

The 4th edition of the annual Ghana CEO Summit, the foremost business conference for CEOs, business leaders, investors and policy makers will be held on 20th and 21st May 2019 at Kempinski Hotel Gold Coast City in Accra. Ghana’s Vice President Dr. Mahamudu Bawumia will be the special guest of honor. Chief Executives Network Ghana Limited is organizing the Summit in partnership with ...

Four months after the launch of MTN Heroes of Change Season 5, judges continue to prune down the shortlisted projects. Out of 1,200 projects, the judges pruned down the number to top 30. Following this, a team was dispatched into the communities to authenticate and verify the stories of the people and their projects. Following the verifications process, a report ...

AngloGold Ashanti is looking at options to dispose of its remaining assets in SA, arguing that investments needed to extend their lives would secure better returns elsewhere in the portfolio. AngloGold, the world’s third-largest gold mine, has extensively restructured its SA portfolio, selling mines to Harmony Gold and others, leaving it with a single underground mine at Mponeng and two ...

Sub-Saharan African (SSA) countries must begin to invest loans contracted in high yielding infrastructural projects which can pay for themselves, the Deputy Director of the African Department of the International Monetary Fund (IMF), David O. Robinson has said. That, he said, had become necessary in view of the growing public debt being incurred by SSA countries. Dr Robinson gave the ...

Pan-African IT services company, Apotica, has successfully renewed its status as a Cisco Gold Partner in English West Africa. In May last year, Apotica became the first (and remains the only) IT solutions provider in Ghana to attain this highest Cisco certification. As a Cisco Gold Certified Partner, the company has again met the requirements for having the broadest range ...

But the Bank of Ghana has rejected these accessions, insisting that the move was not influenced by these concerns. Background The Bank of Ghana last month in a press statement noted that the banknotes will have enhanced security features in line with evolving changes in the technological landscape. The new enhanced security features are an optically variable magnetic image (SPARK ...

The Government of Ghana has signed two agreements with the Chinese Government to secure a $1bn loan to refurbish railway transportation in the country. Ghanaian Minister of Railways Joe Ghartey told the Ghana News Agency that the government has signed two $500m agreements with the Chinese authorities. He added that the Western and Eastern rail lines totalling 930km, as well ...

The Financial Stability Advisory Council (FSC) has held its maiden meeting months after President Akufo Addo formally inaugurated it. The Council was formally inaugurated on 12th February 2019. The Council signed a Memorandum of Understanding (MOU) to set out the operational details relating to its work. “Members took note of presentations made by the Technical Committee of the FSC on ...

The 3RD China International Tea Expo is one of the biggest Agricultural Expo organized by the Ministry of Agriculture and Rural Affairs of the People’s Republic of China to showcase agricultural products to the global community. The theme for this year’s expo is ‘Promoting Shared Growth through the Development of the Tea Industry’. Focusing on tea and coffee industries, the ...