BUSINESS

The position undertaken by both Ghana and neighbouring Coted’Ivoire that major international chocolate makers must pay the US$400 a tonne premium known as the Living Income Differential in order for the two countries to remain in their production sustainability schemes has got a new boost from the results of a recent study carried out by Cargill. The new major survey ...

In the coming year 2021, the banking sector in the country will no longer be with astute brands that have held the fort. These individuals are peculiar for nurturing and growing the banking industry in Ghana they served and headed for decades. About six managers, in 2020, have paved way for new managers to take over the helm of affairs ...

Veteran Trade unionist Abraham Koomson has sounded the alarm bells over the fallouts from the December 7 elections in Ghana. The opposition National Democratic Congress(NDC) had rejected the results announced by the Electoral Commission and a declaration of the incumbent Nana Addo Dankwa Akufo Addo as president-elect. The NDC is also challenging the parliamentary results, insisting that it will form ...

The Ghana Union of Traders Association has congratulated Nana Akufo-Addo on his re-election as president of Ghana. Electoral Commission Chairperson, Jean Mensa, last week declared President Nana Addo Dankwa Akufo-Addo the winner of the 2020 presidential elections that saw Ghanaians head to the polls for the eighth time since the year 1992. The traders association in a statement signed by ...

The Abossey Okai Spare Parts Dealers Association says it expects the continuing government to implore commercial banks to respond inadvertently to the monetary policy rate decisions by the central bank. According to Co-Chairman of the Association, Clement Boateng, as the policy rate is maintained, banks do not respond to it by way of also decreasing their interest rate. Speaking in ...

Dr. Khaled F. Sherif, Vice-President, Regional Development, Integration and Business Delivery of the African Development Bank (AfDB) has called on African countries to liberalize their visa regimes to encourage more intra-Africa trade and tourism and to reposition the continent for future growth According to the 2020 Africa Visa Openness Index recently published by the African Union Commission and African Development ...

The Ministry of Finance and Economic Planning has commenced its search to engage transactional advisers for Ghana’s 2021 Eurobond issuance on the international market. Finance Minister, Ken Ofori-Atta, in November this year told Parliament government intends to issue US$5 billion in Eurobonds to refinance domestic debts and support budget expenditure for 2021. The issuance of the bond, according to the ...

Credit rating agency Moody’s Investors Service is projecting a reversal of the improving trend in Ghanaian banks’ financial metrics, with loan quality to be hit hardest, resulting from the impact of the coronavirus-induced economic disruption. In its latest 2021 outlook for banks in Africa, Moody’s is anticipating nonperforming loans (NPLs) to potentially double from 2019 levels as payment holidays expire, ...

One of Ghana’s innovative Insurance Companies, Old Mutual has launched the Black and White Family Plan, what it calls a revolutionary digital funeral policy aimed at offering a seamless solution to ease the financial burden felt by grieving families. For most Ghanaians, funeral payments are one of the big expenses in life. They create severe financial stress for families trying ...

Government has dispelled assertions that 2021 will be a difficult year for the Ghanaian economy. It follows warnings from economists for Ghanaians to brace themselves for a difficult year due to the rise in debt levels and the impact of government’s freebies to mitigate the effect of the Covid-19 pandemic. An economist and Lecturer at the University of Ghana Business ...