BUSINESS

The Managing Director of the Bank of Africa Ghana, Mr. Kobby Andah, has called on SMEs to keep proper and accurate records to enable them to prove to Banks that they are worthy to be considered for credit. “Most SMEs face difficulties in raising adequate and affordable credit from banks due to their inability to meet credit prerequisites”, he said, ...

Ghana is blessed with immense talent in all sectors of life. The country has produced world greats in almost every sector, including in the areas of governance and leadership, the arts and entertainment, sports and entrepreneurship. The enterprising nature of the Ghanaian is also evidenced in the depth of achievements that the citizens chalk up in every corner of the ...

Fidelity Bank has launched a digital self-onboarding solution for its innovative Smart Account, a minimum-effort “Know Your Customer” (KYC) requirement account that was launched in 2014 to extend financial services to the unbanked and underbanked in Ghana. The new platform has made it easy to open a Fidelity Smart Account from any location using the shortcode *776#. Through this initiative, ...

An initiative that will avail digital tools and training resources to small-scale farmers and agriculture-linked small businesses in Africa has been launched. The programme is a partnership between Microsoft’s 4Afrika initiative and IFC and aims to support digital transformation in Africa’s agribusiness sector, modernize supply chains and boost farmers’ productivity and incomes. To start with, a mobile platform will be ...

Recent statistics of road accidents and fatalities resulting from them are very worrying. The social and economic impact of these accidents on families and the nation at large cannot be overemphasised. One of the least heard among the list of those who bear the brunt of these accidents are the insurance companies. The fact is that for almost every one ...

Energy Minister Dr Mathew Opoku Prempeh has told the newly-constituted board of the Bui Power Authority (BPA) that there is a thought that in the future assets of the authority and those of the Volta River Authority (VRA) should be combined since the two institutions are of the same water body. He said this during the inauguration of the board ...

The Chief Executive Officer of the State Interests and Governance Authority (SIGA), Stephen Asamoah Boateng, has revealed that the government will soon take a decision on whether or not to dispose off the Akwatia diamond mines in three weeks. The Akwatia diamond field lies in Birimian rocks and has produced more than a 100,000,000 carats (20,000 kg) of diamonds, mostly ...

Even when the media warfare between some Civil Society Organizations (CSOs) and the Ghana National Petroleum Corporation (GNPC) over the deal with Aker Energy is yet to go down, the Energy Minister, Dr Mathew Opoku Prempeh, has announced plans to assist GNPC acquire blocks of the Jubilee and Tweneboa Enyenra Ntomme Oil (TEN) oil Fields. He also announced that there ...

The cedi’s 2021 overvaluation has abated – by 14ppt to 113.2% – since 2020, with recent currency weakness helping close the overvaluation gap. This is according to RMB-the investment banking arm of First National Bank’s most recent Milk Index, released today Tuesday August 31. The Economist’s Big Mac Index measures purchasing power parity between currencies and looks at how market ...

Former Finance Minister Dr Kwabena Duffuor has called on the government to shift its focus onto the extractive sector to generate revenue for the country. According to the former Governor of the Bank of Ghana, the sector has been ignored but he believes this area will generate adequate revenue to improve the country’s economy. Dr Duffuor made this suggestion on ...