This weekend’s second successive race at the legendary Silverstone circuit in Northamptonshire, England is the 70th Anniversary Grand Prix. This celebrates Silverstone holding the first F1 GP championship race in May 1950. Motorsport fans in Ghana can join the F1 Ghana team at the Nester Square, Airport City, Accra for a special drive-thru viewing session […] The post F1
Huawei Technologies has snatched the title of biggest smartphone seller from Samsung Electronics in the second quarter of 2020, according to results released and vetted by research firm Canalys. Huawei shipped a total of 55.8 million phones in the second quarter, beating the 53.7 million shipped by Samsung for the top spot. Huawei shipped 55.8 […] The post Huawei
Chocolate fans will not necessarily benefit from predictions of a fall in cocoa prices this year. A Reuters poll of London cocoa futures published on Monday forecast cocoa would cost 10% less at the end of the year because of rising production and a hit to demand from the coronavirus crisis. But chocolate bars will […] The post Cheaper cocoa may not be a recipe
……timely financing for post-COVID-19 economic growth The United Bank for Africa Plc (UBA), the leading pan-African financial services group, has acted as the lead arranger for a consortium of Nigerian commercial and international banks in a US$1.5billion Pre-Export Finance Facility for the Nigerian National Petroleum Corporation (NNPC) and its upstream subsidiary, the Nigerian Petroleum Development […] The post UBA
Management of the Ghana Cocoa Board (COCOBOD) has moved to end the practice of weighing-scales tampering with fresh preventive and punitive measures. Cocoa buyers in the West African nation have come under fire after a media exposé revealed systemic cheating of cocoa farmers through adjustment of analogue weighing scales. According to the Multimedia Group’s investigative […] The post COCOBOD’s
B&FT yesterday held its fifth in the series of ‘Ghana’s Most Respected CEOs Breakfast Series’ with the theme ‘Bringing the Economy Back to Life: The Role of Banking and Finance’, where the Country Director for Deloitte Ghana, David Kwadwo Owusu, who was a panel speaker noted that with the end of COVID-19 still unknown, banks […] The post Editorial:
The issue of Cocoa Produce Buying Companies (PBCs) adjusting their scales to cheat cocoa farmers of their due is not only sad but unconscionable. A private broadcasting station’s latest investigative documentary ‘Missing Kilos’ exposed the stealing of cocoa beans by clerks in licenced cocoa buying companies of the country. The documentary threw light on some […] The post Editorial:
Jobberman, the leading recruitment digital portal in Ghana has introduced skills assessments as a more objective means by which employers and recruiters can hire new team members. The skills assessments are the first of its kind to be introduced by any job portal in Ghana and its main objective is to allow employers to test […] The post Jobberman
Introduction Since the outbreak of COVID-19 in Ghana in March 2020, economic policymaking has been dominated by measures to address the many impacts of the pandemic. In particular, fiscal policy has been deployed on a massive scale to shore up the public health response to COVID-19 and also lessen its effects on the economy. According […] The post IFS’ Assessment
Eyes Africa Orderly exit of the Middle East over the medium-term. MTN Group has reported encouraging results for the first half of 2020, navigating well through the economic crisis brought on by COVID-19. MTN reported service revenue growth of 9,4% to R80 billion and EBITDA growth of 10,9% to R42 billion as efficiency initiatives saw […] The post MTN delivers
The COVID-19 pandemic has brought about or created a lot of uncertainty, which is making it difficult for businesses to predict the future in terms of their business operations. With a lot of lockdown restriction imposed by government(s) and closure of non-essential businesses, business executives are worried about their company’s ability to generate sufficient cash […] The post Businesses’
A Clinical Psychologist, Dr. Dzifa Abra Attah, has advised the youth to gain a firm control over the uncertainties surrounding the COVID 19 pandemic. While admitting that the pandemic presented a very challenging time for individuals, especially the youth, she said they had the ability to adjust to changes and therefore advised them to cope […] The post Learn to
Government’s policy to reduce the Communications Service Tax (CST) to 5 percent, provide free water for another three months, and pay the electricity bills of lifeline consumers and other fiscal populist strategies should be scrapped as the economy cannot raise enough revenue to support it, hence, increasing debt levels, the Institute for Fiscal Studies (IFS) […] The post Increasing
The LPG Marketing Companies Association of Ghana (LPGMCs) will be supported with 50 percent of their buffer stock cylinders to help with piloting the Cylinder Recirculation Model (CRM), the NPA Chief Executive-National Petroleum Authority, Alhassan Tampuli, has said The Authority has so far committed more than 40,000 branded and fit for purpose cylinders toward the […] The post NPA
Key findings Ghana PMI New orders rise, but companies continue to lower activity Employment scaled back again, but at a reduced pace Purchase costs increase at the fastest rate since January Business conditions in Ghana’s private sector were broadly stable again in July, mirroring the picture seen in June, an IHS Markit Ghana PMI survey […] The post Business conditions
Banks in the country are ready to finance projects and programmes in the private and public sectors with potential to revive the economy irrespective of COVID-19 prevalence, panellists at the fifth edition of the B&FT-organised Ghana’s Most Respected CEOs Breakfast Series, have said. The panel, made up of bankers, economists and analysts in the financial […] The post Banks
Country Director for Deloitte Ghana, David Kwadwo Owusu, has said that with the end of COVID-19 still unknown, banks need to capitalise on new opportunities and innovations to take decisions which guarantee their survival amid and beyond the pandemic. Speaking in a live conversation on the Ghana’s Most Respected CEO’s Breakfast Series organised by the […] The post Banks must innovate
Banks are still waiting on the Central bank to offer specific guidelines on the measures introduced – including reduction in interest rates and reserve requirements to combat impacts of the Coronavirus pandemic, since being without timelines and durations makes planning difficult. Despite their introduction in March, 2020 – with banks responding by cutting lending rates, […] The post Banks
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