Business

Fast population growth offers some great investment opportunities, but the west is missing out. During the past decade, China has been investing a lot of money in sub-Saharan Africa: Some Western observers worry that this represents a new form of colonialism. Given the continent’s history with European conquerors and rich countries trying to cheaply exploit its natural resources, that suspicion ...

Kosmos Energy has announced the selection of 117 promising young entrepreneurs to participate in the Kosmos Innovation Center (KIC) 2019 AgriTech Challenge. The Kosmos Innovation Center (KIC) is the flagship social investment programme launched by Kosmos Energy in 2016 and seeks to breathe new life into Ghana’s agriculture sector through technology and innovation. Each year, the Challenge selects young people ...

The President of the Association of Ghana Industries (AGI), Dr Yaw Adu Gyamfi, has bemoaned the dwindling fortunes of the manufacturing subsector in recent years, warning that the country risks losing its industrial base should the situation remain the same. Rather than inspiring entrepreneurs to build new factories and sustain existing ones to employ people and grow the economy, Dr ...

Ghana Oil Company (GOIL) was the first firm in the country to announce a reduction in the prices of its fuel, with diesel selling at GH¢4.98 and Super going for GH¢4.98. Vivo Energy, marketers and distributors of Shell-branded products and services, has followed suit by reducing the ex-pump prices in the first window for the month of December in line ...

The local currency is now two pesewas away from hitting the dreaded GH¢5 mark per a dollar.  It closed Monday trading at around GH¢4.98 against the US dollar. This is basically the main quotes being put out by some of the major commercial banks in the currency business in the country. What is causing this? Lots of reasons have been put forward ...

 In my secondary school days, i had the privilege of spending one long vacation with my maternal grandmother in a village called Agogo in the Eastern Region of Ghana. Something happened during that period which ignited my interest for business. I accompanied my cousin to the market one day to help him sell some baskets he had woven earlier in ...

MTN Business, Ghana’s leading telecommunications provider of business connectivity solutions, has announced its partnership with Invest in Africa (IIA) to provide custom-made ICT solutions to Small and Medium-Scale Enterprises (SMEs) in the country. Through the partnership, services offered by MTN Business will be available to help SMEs optimise their productivity to enable them grow and expand their businesses. IIA is ...

The Chief Executive Officer of Dalex Finance, Ken Thompson says the Bank of Ghana (BoG) must move quickly to deal with the non-bank sector to save Ghana’s economy from collapse. Mr Thompson said the Bank of Ghana has done a good job in cleaning the banking sector adding that without a robust financial system the economy will collapse. Speaking at ...

The Bank of Ghana has announced a new set of directives to guide operations of Forex Bureau operations in the country. Why? According to the Bank of Ghana, the move is part of measures to enforce compliance by all licensed Forex Bureaux with the Forex Bureau Regulations issued in accordance with the Foreign Exchange Act, 2006 (Act 723), and the ...

Ghana has made progress to improve the ease of doing business, according to the World Bank Group 2019 Doing Business Report – Training for Reform, released Wednesday. In the latest report, Ghana has improved its ranking to 114 out of 190 economies up six places from 120 in the 2018 Doing Business Report. Ghana’s ease of doing business score formerly called distance ...