"One finger cannot lift a pebble"- African Proverb An efficient means of transport established between two points, as many a case study has shown, increases commercial activities between the two points and leads to a relatively improved standard of living for people living within these two points. Such a laudable approach -- widely touted by African governments as the best way to open up inaccessible parts of their respective countries for development -- has not been applied to the aviation
uniBank has unveiled a new promotion, “Dash for 200kâ€Â, geared toward appreciating its customers. The three-month promotion, with a grand prize of GH¢200,000, is eligible to all current, savings, goal saver, uniFund or SME plus account holders. Customers, new and old, need to deposit GH¢100 to enter the promotion at any of the bank’s branches. Upon depositing the cash, customers need to average an amount of GH¢500 to qualify for any of the draws. The promotion has been divided into two zones,
The French Minister of Foreign Affairs and International Development, Mr. Laurent Fabius, has hosted his Ghanaian counterpart Ms. Hanna Tetteh, Minister of Foreign Affairs and Regional Integration, in Paris to discuss key bilateral issues on strengthening trade relations between the two countries. The discussion between the two ministers was centred on building a strong economic relationship as well as a review on the Ebola outbreak in West Africa. The situation in the Sahel region and the fight
Unicredit Ghana says it has invested GH₵1.6million to upgrade its information and communication infrastructure (ICT) as part of efforts to meet the growing needs of customers. Chief executive officer of the company Samuel Sakyi-Hyde disclosed this at the annual Focus Group Meeting with selected customers in Accra, organised to dialogue on issues pertaining to business operations. Speaking to the B&FT on the frontline of the event, which falls under Unicredit’s customer services month, Saki-Hyde
A 32-page event magazine, “Brong-Ahafo in Focus†-- aimed at promoting business and investment opportunities with special emphasis on agro-processing and tourism in the Brong Ahafo Region, has been launched in Sunyani. The quarterly magazine, the first of its kind since creation of the Region over 50 years ago, will also put the spotlight on other developmental issues such as education, sports, health, infrastructure, culture and heritage. In a sideline interview with Samuel Atta Kwasi, Editor-in-Chief,
The African Union Executive Council met this week in Addis Ababa to adopt a common position and define appropriate strategies to enable Africa to effectively combat the Ebola epidemic. The Council’s emergency meeting on September 8 was necessitated by the need to have a common understanding of the Ebola Virus Disease (EVD) and current status of the response and to come up with a collective continental approach, taking into account the socio-political and economic impact of the disease. On Monday
AccraWorld Trade Centre (WTC) last Thursday commemorated the13th anniversary of the September 11 bombing of the World Trade Centre twin towers in New York, U.S. Mr. Emmanuel Doni-Kwame, Managing Director of the World Trade Centre, Accra, explained that members of the World Trade Centre Association identify strongly with events of the September 11 attack in the USA. “Today, the WTCA is acknowledged by many people to be among the most relevant international organisations in the world, representing
The Ghana Environment and Climate Change Policy Action Node, a grantee of Alliance for a Green Revolution in Africa (AGRA), has as one of its activities “…to review the Agricultural Extension Guidelines of Ghana and make it climate smartâ€Â. It has emerged that although Ghana passed the Agricultural Extension Policy in 2007, the guidelines for its implementation have not yet been developed -- and therefore there is no Agricultural extension guideline for the Node to review. Consequently, the
Tigo Ghana Ltd., operator of Tigo, has unveiled its re-packaged data solution aimed at satisfying the needs and demands of the various segments of its clientele. Having studied the peculiar needs of the various segments of its clientele, the network giant is providing Internet solutions purpose-made to satisfy the needs and demands of the different groupings within its customer base. The new packages are volume-based and replace all other data packages, representing an enhancement of the old packages.
The Board Chairman of FirstRand Bank of South-Africa, Laurie Dippenaar, has said that the business case to acquire Merchant Bank Ghana (MBG) last year was not a good one, as the assessment of returns on the transaction fell short of the bank’s expectations. The comments of FirstRand’s most influential person come amidst criticism of the bank’s failure to secure acquisition deals in West Africa after courting Merchant Bank Ghana and Sterling Bank of Nigeria for a while. “FirstRand has been
As of 9th September 2014, the Ghana cedi had depreciated well over 47.54% against the dollar, a little over 38.30% against the euro and 44.28% against the pound sterling since start of the year, according to the data provided by the Central Bank of Ghana. Since the 1990’s there have been many cases around the globe where investors, especially currency investors, have been caught off-guard -- which led to runs on currencies and capital flight. What really triggers investors, traders and financiers
UT Bank has assured its customers and the public of continued banking service at its Airport City branch after a minor fire incident last week Thursday morning. The bank said the necessary health and safety checks at the office were undertaken and the premises declared safe for business by the Ghana National Fire Service. A statement issued by bank said there were no injuries, casualties or damage to equipment at the branch. “UT Bank’s Mobile Banking van was moved to the Airport City premises
Agriculture Extension Agents from seven selected districts from the three Northern Regions have received training in seed inspection and certification to support activities of the Ghana Seed Inspection Division of the Ministry of Agriculture (GSID-MOFA). The training programme initiated by the Feed the Future USAID Agriculture Technology Transfer Project (FTF-USAID-ATT) forms part of its objective to ensure that seed growers produce high quality seeds for farmers to help increase yield. The Head
The Vice President of the Association of Ghana Industries (AGI), Ato Pamford, has assured businesses of the Association’s continued efforts to get government to provide the needed incentives for local businesses and ensure adequate production of “Made in Ghana†goods. He said there is need to encourage consumption of locally produced goods as concerns about the country’s dependence on imported goods get the attention of policymakers following the recent fall in the cedi’s value. “We have
Korea Eximbank has opened a representative office in Accra after the Bank of Ghana in principle approved the office’s establishment. It will be located at the Gulf House, Adamafio Crescent, Accra. Korea Eximbank is a core policy bank of the Republic of Korea, providing comprehensive export loan and guarantee programmes with pure sovereign status to support Korean exporters, sponsors, investors conducting overseas business, and facilitating Korean economic cooperation with foreign countries. Furthermore,
Investor confidence in the Ghanaian economy seems to have taken a northerly turn as government last week successfully achieved two major milestones to inject significant capital into the economy ahead of a crunch meeting with the International Monetary Fund (IMF) tomorrow. A team from the IMF is scheduled to begin the anticipated bailout talks with government on Tuesday following the oversubscription of Ghana’s third Eurobond auction and the Cocobod syndicated loan, which bring a combined value
Ms. Lydia Lariba Bawa, Commissioner of Insurance, Nations Insurance Commission, has announced that the insurance industry wrote GH₵1.02billion in premium in 2013 -- of which 40% was uncollected. She pointed out this indebtedness has impacted negatively on most of the companies’ liquidity and solvency positions. However, the Commissioner explained that it is also heartening to note that the new premium directive has changed the insurance industry in Ghana, gently enhancing the cash flow position
The President of the Ghana Employers Association (GEA), Terence Darko, has called for removal of various obstacles in implementing the new national pension scheme, fearing it could rob retired workers of their mandatory income security. Speaking at the 54th annual general meeting and business luncheon of the Association in Accra, he said the various pension structures and implementation processes must be streamlined to enable workers benefit fully from the scheme. “As we speak, we have not been
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