BUSINESS

The government is set to roll out a cashless system in its operations after a pilot of the programme yielded good results. Vice President Mahamudu Bawumia told patrons at the 4th Ghana CEO Summit Monday that, the electronic payment system at the Tourism Ministry has increased revenue by four-fold. Stating the intent to extend it to other state agencies, Dr. ...

The Institute for Energy Security (IES) has predicted prices of fuel will remain stable at the pumps as a result of the strength of the Cedi. In its second-window pricing report for May, the IES also noted some oil marking companies are likely to reduce prices too. “The Cedi’s appreciation against the U.S Dollar could render the marginal increment in ...

PThe Honda Place Ghana has launched its latest brand new sleek crossover, the Hi-rider Revolutionary vehicle (HR-V) in Accra. The car completes Honda Motor Company’s range of the Sports Utility Vehicle (SUV) on the automobile market. The five-seater HRV which is available in the Lx and Ex grades has standard features like a 16-Valve SOHC i- VTEC, with a maximum ...

Mr Ishmael Yamson, Chairman of MTN Ghana Tuesday said the company recorded a strong financial performance in 2018 with profit before tax increasing by 16.5 per cent to GHc1.6 billion, while earnings per share was GHC 0.067. He said the performance was a testament to the disciplined execution of the company’s strategy of maintaining a strong balance sheet, improving profitability ...

The 4th edition of the annual Ghana CEO Summit, the foremost business conference for CEOs, business leaders, investors and policy makers will be held on 20th and 21st May 2019 at Kempinski Hotel Gold Coast City in Accra. Ghana’s Vice President Dr. Mahamudu Bawumia will be the special guest of honor. Chief Executives Network Ghana Limited is organizing the Summit in partnership with ...

Four months after the launch of MTN Heroes of Change Season 5, judges continue to prune down the shortlisted projects. Out of 1,200 projects, the judges pruned down the number to top 30. Following this, a team was dispatched into the communities to authenticate and verify the stories of the people and their projects. Following the verifications process, a report ...

AngloGold Ashanti is looking at options to dispose of its remaining assets in SA, arguing that investments needed to extend their lives would secure better returns elsewhere in the portfolio. AngloGold, the world’s third-largest gold mine, has extensively restructured its SA portfolio, selling mines to Harmony Gold and others, leaving it with a single underground mine at Mponeng and two ...

Sub-Saharan African (SSA) countries must begin to invest loans contracted in high yielding infrastructural projects which can pay for themselves, the Deputy Director of the African Department of the International Monetary Fund (IMF), David O. Robinson has said. That, he said, had become necessary in view of the growing public debt being incurred by SSA countries. Dr Robinson gave the ...

Pan-African IT services company, Apotica, has successfully renewed its status as a Cisco Gold Partner in English West Africa. In May last year, Apotica became the first (and remains the only) IT solutions provider in Ghana to attain this highest Cisco certification. As a Cisco Gold Certified Partner, the company has again met the requirements for having the broadest range ...

But the Bank of Ghana has rejected these accessions, insisting that the move was not influenced by these concerns. Background The Bank of Ghana last month in a press statement noted that the banknotes will have enhanced security features in line with evolving changes in the technological landscape. The new enhanced security features are an optically variable magnetic image (SPARK ...