BUSINESS

An initiative that will avail digital tools and training resources to small-scale farmers and agriculture-linked small businesses in Africa has been launched. The programme is a partnership between Microsoft’s 4Afrika initiative and IFC and aims to support digital transformation in Africa’s agribusiness sector, modernize supply chains and boost farmers’ productivity and incomes. To start with, a mobile platform will be ...

Recent statistics of road accidents and fatalities resulting from them are very worrying. The social and economic impact of these accidents on families and the nation at large cannot be overemphasised. One of the least heard among the list of those who bear the brunt of these accidents are the insurance companies. The fact is that for almost every one ...

Energy Minister Dr Mathew Opoku Prempeh has told the newly-constituted board of the Bui Power Authority (BPA) that there is a thought that in the future assets of the authority and those of the Volta River Authority (VRA) should be combined since the two institutions are of the same water body. He said this during the inauguration of the board ...

The Chief Executive Officer of the State Interests and Governance Authority (SIGA), Stephen Asamoah Boateng, has revealed that the government will soon take a decision on whether or not to dispose off the Akwatia diamond mines in three weeks. The Akwatia diamond field lies in Birimian rocks and has produced more than a 100,000,000 carats (20,000 kg) of diamonds, mostly ...

Even when the media warfare between some Civil Society Organizations (CSOs) and the Ghana National Petroleum Corporation (GNPC) over the deal with Aker Energy is yet to go down, the Energy Minister, Dr Mathew Opoku Prempeh, has announced plans to assist GNPC acquire blocks of the Jubilee and Tweneboa Enyenra Ntomme Oil (TEN) oil Fields. He also announced that there ...

The cedi’s 2021 overvaluation has abated – by 14ppt to 113.2% – since 2020, with recent currency weakness helping close the overvaluation gap. This is according to RMB-the investment banking arm of First National Bank’s most recent Milk Index, released today Tuesday August 31. The Economist’s Big Mac Index measures purchasing power parity between currencies and looks at how market ...

Former Finance Minister Dr Kwabena Duffuor has called on the government to shift its focus onto the extractive sector to generate revenue for the country. According to the former Governor of the Bank of Ghana, the sector has been ignored but he believes this area will generate adequate revenue to improve the country’s economy. Dr Duffuor made this suggestion on ...

The Institue of Fiscal Studies (IFS) has called for a renegotiation of agreements involving Ghana’s oil and extractive sectors. According to the institute, the country is losing out in its revenue generation due to the poor negotiations. The IFS compared Ghana’s learnings in the oil sector to that of Nigeria and Botswana saying that Nigeria is earning 51% of their ...

Puma Energy Ghana has opened a new retail service station at Odorkor. The branch is an addition to the multinational oil marketing company’s expansive nationwide rollout. It is the third in recent times after Pantang and Westland were also officially opened to the public. The Odorkor station like the others, provides first class services that are unique to the Puma ...

Former Minister of Water, Works, and Housing, Hackman Owusu-Agyemang is urging the younger generation to allow themselves to be mentored by the older generation in order to garner the right experience for success. Speaking at the Corporate Ghana Hall of Fame induction ceremony, the former parliamentarian applauded the organizers saying, “I believe that this initiative will tend to sort of ...