BUSINESS

Vice-President Dr Mahamudu Bawumia has urged the Bank of Ghana (BoG) to give the financial technology (Fintech) companies free hand to operate to engender innovation. He said players in the Fintech sector were “free spirits” who required freedom to experiment and to innovate in order to come up with solutions geared towards deepening financial inclusion – a key part of ...

Manufacturing sub-sector, in the month of May, drove up the producer inflation to 7.1 percent from 6.4 percent in April, the Acting Government Statistician, Baah Wadieh has noted. This represents 0.7 percentage point increase over the previous month figure. The producer price index measures the average change over time in the prices received by domestic producers for the production of ...

The Ghana Community Network Services Limited (GCNet) has been adjudged the Trade Facilitation Company of the Year for the second consecutive time at the Ghana Shippers Awards held in Accra. The award is in recognition of the company’s pioneering and leadership role in the trade facilitation industry. This year’s event also saw GCNet winning the Consultancy Service Provider of the ...

African Development Bank (AfBD) has been ranked the fourth best company to work with in Africa, according to the 2018 Careers in Africa Employer of Choice Survey. Of 100 companies listed, the top four include the World Bank Group, Chevron, Exxon Mobil and the African Development Bank. Over 20,000 African professionals answered questions about employee engagement and employment conditions. Opportunities ...

The Chief Executive of Ghana National Gas Company (GNGC) says the firm needs a clean balance sheet in order to effectively attain their core objectives. According to Dr. K.B Asante, the challenges confronting the firm are largely due to the fact that those who lift gas from them do not pay regularly. The comments come on the back of reports ...

The International Monetary Fund (IMF) has expressed satisfaction with the Ghana government and how it is handling the economy. In a statement to announce the conclusion of its staff visit to Ghana, the team leader Annalisa Fedelino said: “Macroeconomic stabilization is ongoing. Growth prospects remain positive, supported by strong oil production. Investor confidence has improved, as indicated by a successful ...

The CEO of Vodafone Ghana Yolanda Cuba has revealed she has never met or had a meeting with any official of Kelni GVG, the entity carrying out the Common Platform. Six months after signing a contract with the Ghana Government for real time traffic monitoring of the telecommunications networks, Vodafone which is a major stakeholder is yet to set sight ...

The Tema Oil Refinery (TOR), has shut down again following a shortage of crude oil at the facility. The refinery, which has the capacity to refine about 45,000 barrels of crude oil a day, has been operating below capacity for some time now. Confirming the shutdown to Citi News, the Executive Director of the Institute of Energy Security, Kwasi Anamua ...

Investment research outfit, GN Research, has waded into the Ghana Cedi depreciation debate, arguing the local currency is performing better than 2016 when the National Democratic Congress (NDC) was in power. Former president John Mahama and vice president Dr. Mahamudu Bawumia have been throwing jabs at each other over which government best managed the Cedi. Ahead of the presentation of ...

Hundreds of victims of online Ponzi scheme, Savanna Brokerage, are threatening a nationwide demonstration against MTN. The victims are blaming the telecom company of doing little to help in the retrieval of about GHC11 million investment locked up in MTN Merchant accounts. These victims paid monies via MTN Merchant accounts to invest into Savanna Brokerage’s ponzi investment packages. The Juiciest ...