BUSINESS

Business confidence for the first quarter of this year has declined marginally as compared with that of the last quarter of 2017. That’s according to the Association of Ghana Industries (AGI) Business Barometer. According to the report, the business confidence index declined from 107.9 as at fourth quarter of last year to 100.5 by quarter one this year. President of ...

The Bank of Ghana has announced it appointed an advisor to the Sovereign Bank Limited in April 2018. According to the Central Bank, an advisor for Sovereign Bank has become necessary due to “some governance and capitalization challenges which needed to be addressed” after its on-site examination. “The Advisor is expected to help monitor the bank’s recapitalization efforts and implementation ...

The Head of Corporate Affairs of Groupe Ndoum, Frank Owosu-Ofori has reiterated the plans and good intentions of President and Chairman of the group, Dr. Papa Kwesi Nduom who has given a sum of GHC80,000 to some students of the Nduom School of Business and Technology (NBST). According to him, the money given to the first eight (8) students is ...

Cal Bank is not paying any dividend to shareholders for the financial year 2017 as the bank seeks to meet the Bank of Ghana’s (BoG’s) minimum capital requirement. According to the Bank, this may have a consequence of reducing the funds available for the bank’s recapitalisation before the December deadline. This was disclosed by the Chairman of the Board, Paarock ...

The government would today begin engaging investors outside the country over plans to raise some $2.5 billion. Unlike previous engagements on the Eurobond sale, the Finance Minister Ken Ofori Atta and his team are planning to raise the targeted amount by next week. Details Sources say the engagement would start with investors in London, the team will then move to ...

An IT Expert says Ghana is the best place for the youth to make their first $1,000,000. The chief product officer of Redflight Innovation, a US-based emerging technologies company, Robinne Burrell, said there are several platforms available today for the youth to market themselves. Ms. Burrell is in Ghana at the invitation of former President John Agyekum Kufuor, as a ...

A Singaporean technology firm, Locus Chain Foundation, has launched the maiden fourth generation of blockchain technology to address the nagging issue of lack of accountability and corruption in donor-funded initiatives. Speaking at the launch of the innovation in Dubai, Sang Yoon, Lee, CEO of Locus Chain said one of the key features of this fourth generation of blockchain is its ...

Apple is returning another $100bn (£73bn) to shareholders from its huge cash pile as solid iPhone sales helped revenues rise 16% to just over $61bn. The company sold 52.2 million iPhones in the three months to March – only a touch below expectations, despite waning global demand for smart phones. Revenues at Apple’s services business that includes Apple Music and ...

Ethiopian Airlines, the largest Aviation Group in Africa and SKYTRAX Certified Four Star Global Airline, is pleased to announce that it has won the 2018 ‘Africa’s Outstanding Food Services by a Carrier’ Award as voted by PAX International readers at a ceremony held at the Radisson Blu Hotel in Hamburg, Germany in April 2018. Mr. Tewolde GebreMariam, Ethiopian Group CEO ...

WhatsApp chief executive Jan Koum is to quit the popular messaging service he co-founded. In post on Facebook, he said he was “taking some time off to do things I enjoy outside of technology”. However, according to a Washington Post report earlier on Monday, Mr Koum had clashed with parent company Facebook over Whatsapp’s strategy. He also objected to Facebook ...