BUSINESS

Bisa Technologies, one of Ghana’s leading software developing companies, has developed a new free mobile health application to provide public education on Covid-19 and respond to pressing questions from the public about the pandemic. Designed with the motive of reducing face to face doctor consultation and congestion at health facilities, the all-new Bisa App will allow patients to have direct ...

The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) will hold its 102nd press briefing on Monday September 27. This was announced by the central bank on Friday September 24. The MPC started its 102nd meeting on September 22, 2021 and concluded Friday September 24. The Monetary policy Committee is responsible for initiating proposals for the formulation of the monetary policies of the ...

The Ghana Revenue Authority (GRA) has described as false, recent notices on social media that it is recruiting. The GRA said such notices should be disregarded, as it is not recruiting. The GRA has, therefore, advised the public not to engage any person or group of persons claiming to be recruiting on its behalf. “Those who deal with such individuals ...

Ghana Cocoa Board (COCOBOD) has signed a US$1.5billion Pre-export Syndicated Finance agreement with a consortium of local and international financial institutions to finance cocoa purchases for the 2021/2022 Cocoa Season. The facility, which was contracted at a competitive interest rate plus LIBOR of 1.10%, a marked improvement upon last year’s 1.75%, will also be used to finance operational activities within ...

The Bulk Oil Storage and Transportation Company Limited (BOST), has reduced its $624 million trade debt to $39 million within the past four years. Seventy-three per cent of the debt was paid from the company’s internally generated funds. This was disclosed by the Managing Director of BOST, Mr. Edwin Alfred Provencal at a press conference in Accra on Sunday, 26 ...

Since 2017, we have argued against the change of fiscal accounting by the current government in treating ‘exceptional’ expenditure items and arrears as a footnote. In particular, it has used this approach to account for the banking and energy sector bailout costs. In fact, in the case of the energy sector costs it has even skipped the footnote treatment and ...

As part of the learning sharing and advocacy approach in addressing issues of women under the project, Africa Skills Hub has organized a policy guide launch on Ghana’s Entrepreneurship Ecosystem Gender Mainstreaming. This was done in partnership with the National Entrepreneurship and Innovation Programme (NEIP), Social Enterprise Ghana, Scaleup Africa, Social Innovation Africa, and Impact Investing Ghana on Friday 10th ...

The Board of Directors of the African Development Bank Group has approved a $50 million Trade Finance Unfunded Risk Participation Agreement (RPA) facility between the African Development Bank and Standard Chartered Bank. The agreement is expected to boost intra-Africa trade, promote regional integration, and contribute to the reduction of the trade finance gap in Africa, in line with implementation aspirations ...

A search process to find a new Chief Finance Officer (CFO) of Tullow Oil Plc will be launched and is expected to conclude in the first quarter of 2022, the oil giant has said in a statement. Les will remain CFO and an Executive Director of Tullow throughout the current reporting cycle and is expected to leave the Group at ...

Two Credit Rating Agencies – Moody’s Investor Services (“Moody’s”) and Standard and Poor (“S & P”) affirmed Ghana’s Credit Rating at B3 and B- respectively. The Rating Agencies also maintained Ghana’s outlook. In making their decision, the credit rating agencies considered Ghana’s improving growth prospects, resilient external sector performance, and continued access to the capital markets [domestic and international] as ...