BUSINESS

Access Bank has in collaboration with Coronation Insurance launched an innovative product called Business Protection Insurance for Business Success which translates ‘W’adwuma Bambo Nti’ at the National Theater in Accra. The launch was attended by various stakeholders including representatives of Traders Advocacy Group Ghana (TAGG) and heads of Access Bank and Coronation Insurance. Following the wave in fire outbreaks, flood ...

Ghana Tech Lab, an Ecosystem hub has launched the Ghana Startup Ecosystem Ranking 2020. Developed as an initiative of the Ghana Startup Ecosystem Mapping that seeks to build a stronger ecosystem, the ranking measures the nature and level of Ghana’s Startup Ecosystem in 13 regions across Ghana, currently. The Ghana Startup Ecosystem Mapping forms part of the Pathways to Sustainable ...

For the first time in about 60 years, the Bank of Ghana (BoG) has purchased gold to augment its gold reserves and shore up the country’s foreign assets. The bank bought 280 kilogrammes of the precious metal this year under a historic gold purchase programme meant to double its gold reserves and supplement the traditional ways that the country has ...

World Bank Group President David Malpass today, Thursday, 30 September 2021, called the current era of high inequality and reversals in global development progress a “time of upheaval,” and outlined steps to help boost economic growth, shorten the crisis, resume development, and lay a strong foundation for a future that is more prosperous and better prepared for global disasters like ...

The Institute for Energy Security (IES) has said within the second pricing window of September, the price of petroleum products saw a “marginal” increase in the local market. The local Oil Marketing Companies (OMCs), the Institute observed in a statement, increased their price of petroleum products by between 1 to 2 per cent at the pumps. The increase, IES indicated, ...

South African Airways (SAA) has relaunched flight services on the Johannesburg – Accra – Johannesburg route on Tuesday, September 28, 2021. A brief ceremony was organized at Kotoka International Airport to welcome the airline back to Accra. In March last year, SAA announced the suspension of the flights to to some African countries. Flights to African cities including Accra in Ghana, Lusaka ...

Qatar Airways announced on Monday that it suffered a more than $4bn loss in revenues over the last fiscal year, as lockdowns triggered by the coronavirus pandemic slashed demand for long-haul travel. The major loss, which the state-owned airline largely attributed to the grounding of its Airbus A380 and A330 wide-body jets, highlights the dramatic toll of the pandemic on ...

The Bank of Ghana has revealed that new loans and advances by banks totalled GH¢21.6 billion in the year to August 2021, marginally above the GH¢20.7 billion for the same period in 2020. Addressing the Monetary Policy Committee (MPC) press conference in Accra on Monday September 27, Governor of the BoG Dr Ernest Addison said the Non-Performing Loans (NPL) ratio ...

The Bank of Ghana (BoG) has kept the policy rate at 13.5 per cent. Speaking at the Monetary Policy Committee (MPC0 press conference in Accra on Monday September 27, Governor of the BoG Dr Ernest Addison said inflation has risen sharply over the last two readings, driven mainly by sustained food price increases. He added although food inflation has pushed ...

The Ministry of Food and Agriculture (MoFA) has stated that the government would soon import machinery to boost rice production and other agricultural yields in the country. These agriculture machines are expected to be purchased from Brazil and India. This came to light when the Minister of Food and Agriculture, Dr. Owusu Afriyie Akoto, visited the Global Africa Development Company ...