BUSINESS

A micro-lending pioneer, Esther Afua Ocloo, is being celebrated by Google on her 98th birthday. She launched her entrepreneurial career as a teenager in the 1930s on less than a dollar. She quickly became one of Ghana’s leading entrepreneurs and was an inspiration around the world. Known as “Auntie Ocloo”, Esther dedicated her life to helping others like her succeed. ...

Airtel Ghana, the Smartphone Network has reaffirmed its commitment to promoting quality education in Ghana through a ‘Back to School’ donation of educational supplies to pupils of Tanoso SDA Cluster of Schools and the Sokoban Methodist School in the Brong Ahafo and Ashanti Regions respectively. The donations are in line with the company’s bold ambition to empower young people to ...

The head of security at Barclays faces an internal disciplinary probe over his part in a whistleblowing inquiry, the BBC understands. UK financial regulators have opened an investigation into Barclays boss, Jes Staley, over the whistleblowing case. Mr Staley asked the bank’s security chief, Troels Oerting, to find the author of an anonymous letter. The letter questioned the past conduct ...

Another microfinance scandal has hit the country as thousands of angry customers of ASN Financial Services protest delay in the refund of their investments from the company. The customers who have been investing with the company for some time now are angry over the delays by management of the savings and loans company to pay their hard earned investments. Management ...

Ghana is the fourth best place to invest in Africa, according to a report by RMB Global Markets Research. According to the report, Ghana beat countries such as Kenya, Nigeria, Tanzania, Cote d’ Ivoire and Algeria as it placed among the top 10 countries on the continent. The West African oil producing nation also ranked fourth as the country to ...

Tigo Ghana’s flagship Corporate Social Responsibility programme, Shelter for Education, has partnered with Raising Readers Foundation, a non-governmental organisation that is committed to encouraging children to read. At an official ceremony in Accra to launch the initiative, the CEO for Tigo, Roshi Motman, was optimistic that together with Raising Readers Foundation, the Tigo’s Shelter for Education team would be able ...

Shell has admitted for the first time it dealt with a convicted money-launderer when negotiating access to a vast oil field in Nigeria. It comes after emails were published showing Shell negotiated with Dan Etete, who was later convicted of money laundering in a separate case. Shell and an Italian oil company paid $1.3bn (£1bn) to the Nigerian government for ...

Jude Arthur, an accomplished banker has been appointed Board Chairman of the GCB Bank. This was after some changes were made to the composition of the Board. Also appointed are Lydia Essah and Raymond Sowah who will be directors of the Bank. Meanwhile, Daniel Owiredu who until now was the Chairman of the Board, Moses Asaga, Mona Quartey and Faustina ...

Ghana’s economy still remains a highly import driven one despite calls and the need to diversify the country’s exports and move it to a highly export driven one. Latest figures from the Ghana Shippers’ Authority have shown that total imports via the country’s maritime trade routes were twice the total exports for 2016 as compared to the previous year. Also, ...

The Ghana Shippers’ Authority says the maritime trade outlook for 2017 is likely to increase in trade volumes by 10% with boost in both import of major commodities and export of raw materials and semi-process good to the Chinese and European market. According to the shipper’s authority, the growth is as result of the calm political environment after the generally ...