BUSINESS

Treepz Ghana has signed an agreement with HM Evolution Services Ltd, a leading transport company in Ghana, to pilot an app-based mass transportation solutions within the Greater Accra Metropolis. The partnership will allow commuters to book intra-city bus rides on HM Evolution 44-seater buses via the Treepz Mobile app. Upon a successful pilot, the partnership will see the onboarding of ...

Digitization is one of the niche subject matters in the field of information and communication technology. However, its use and application have reached other fields, including the economy, to accelerate growth and development in recent times. The application of digital technologies is expected to characterize future economies as it offers a better quality of life. Many countries across the globe, ...

The Ghana Union of Traders Association (GUTA) has accused the leadership of the Association of Ghana Industries (AGI) of blatantly lying about the 50 per cent benchmark value reduction at the ports. According to GUTA, it is never true that the benchmark value reduction that offers discounts to importers in the country is derailing the government’s agenda for the industrialisation ...

The Minister of Food and Agriculture, Dr Owusu Afriyie Akoto, has rejected claims that food prices are escalating on the Ghanaian market. He said the statistics being compiled by the ministry on food prices do not support such claims. Speaking at a media engagement in Accra over the weekend, he said prices of food commodities are rather tumbling. The General Agricultural ...

There are currently about 34 African countries on the World Bank and IMF’s heavily indebted countries’ list, according to data obtained by Business Insider Africa. Among these heavily indebted poor countries are Ghana, Tanzania, Ethiopia, Benin, Burkina Faso, Burundi, Cameroon, Central African Republic, Chad, Comoros Islands, Democratic Republic of Congo and Republic of Congo. Others include Ivory Coast, Eritrea, Ethiopia, ...

The International Moneatry Fund (IMF) has said the global recovery continues, but momentum has weakened, hobbled by the pandemic. The IMF added that risks to economic prospects have increased, and policy trade-offs have become more complex. The fault lines opened up by COVID-19 are looking more persistent—near-term divergences are expected to leave lasting imprints on medium-term performance. Vaccine access and ...

The Bank of Ghana has revealed that an assessment of the banking sector as at end-August 2021 indicated that the sector’s performance remained strong, underpinned by sustained growth in total assets, deposits, and investments. The expansion in the industry’s assets was on the back of increased liquidity flows from deposits and borrowings during the review period. Banks’ average lending rates ...

The Board of Directors of the African Development Bank Group on Friday approved a grant of $40 million from the African Development Fund to Ghana to further capitalise The Development Bank Ghana (DBG), a newly established development finance institution in Ghana. The Development Bank Ghana is designed to provide financing to micro, small and medium sized enterprises as well as ...

The Ghanaian delegation at the 2021 Africa Oil Week in Dubai, UAE has met with Maersk Drilling, a drilling company with presence in Ghana’s upstream petroleum industry. At the meeting, leader of the delegation and Deputy Minister for Energy, Andrew Egyapa Mercer tasked the company to among other things increase their contribution to Ghana’s local content and local participation drive ...

The Human Rights and Governance Centre (HRG Centre) has called on the government to allocate and disburse funds into the Victims of Domestic Violence Support Fund (DV Fund). The Fund was created in line with the Domestic Violence Act 2007 (Act 732), following several years of civil society advocacy. Despite applauding the commitment of the current government towards ensuring protection ...