The share of exports from Africa to the rest of the world ranged from 80% to 90% between 2000 and 2017. This has created a growing demand for Africa to be less dependent on commodity exports and focus on regional commerce. Not only does this decrease export dependence, but it also forms new markets for […] The post Jetstream lands $3m to
The Ghana Youth Business Performance and Sustainability Index Report 2021 has revealed that over 50 percent of youth-owned businesses have failed to deliver any stellar performance for the past year. According to the Youth Sector Engagement Group (Y-SEG), conductor of the research report, it found in its research that youth-owned or led businesses are moderately […] The post Over
The Governor of the Bank of Ghana (BoG), Dr. Ernest Addison, is not happy with the level of non-performing loans being recorded by commercial banks. According to him, data available to the BoG show that “a large chunk of non-performing loans is due to firms that are supposedly doing well, with some of them making the Ghana […] The post BoG Governor worried
… starting with Junction Mall from Friday The Ghana Interbank Payment and Settlement System (GhIPSS) together with partner institutions are holding series of activities at the country’s major malls, to create awareness and adoption of GhQR for payments. The first in the series begins this Friday and Saturday at the Junction Mall in Nungua a […] The post GhIPSS and partners
Despite the discomfort posed by the COVID-19 pandemic to industries across various sectors of the economy, pharmaceutical products manufacturer Intravenous Infusions PLC has made a profit of GH¢1,450,885 – resulting in an increase of retained earnings by 36.6 percent. The amount for retained earnings, which constituted GH¢4,210,486 in 2020 was against the GH¢3,966,998 of earnings […] The post Intravenous
Vodafone Cash, miLife and Millennium Insurance have launched their redesigned and improved micro-insurance product under the new name ‘miFuture’. The revamped life and disability insurance product can be accessed from any Vodafone number or via the Vodafone Cash platform menu. miFuture is born out of a collaboration between Vodafone Cash, miLife, Millennium Insurance and powered […] The post Vodafone
…targets 40% pensions coverage by 2026 The National Pensions Regulatory Authority (NPRA) has retrieved GH¢6.2million from employers who have defaulted in payment of their workers’ pension contributions. About 15 other defaulting companies are being processed for prosecution, for failing to comply with a directive by the authority to either pay their workers’ contributions in full […] The post NPRA
…as sector’s recovery is still below pre-pandemic levels The country’s informal sector is still struggling to recover from ravages of the pandemic, as data from the Ghana Statistical Service (GSS) shows the sector – which had otherwise been growing impressively – is trailing the formal sector. The data show that in the first quarter of […] The post Informal
From the disruption in imports of vehicle parts to interruptions in large-scale production of vehicles, the COVID-19 pandemic has had a swift and severe impact on the global integrated automotive industry. In Ghana, a Stanbic Bank research has revealed that vehicle sales declined by 17.3% in 2020 compared to 2019. This decline, the report says, […] The post Total
The 2020 Global Cybersecurity Index (GCI) report of the International Telecommunication Union (ITU) released this week has placed Ghana third, behind Mauritius and Tanzania, with a score of 86.69 percent on the Global Cybersecurity Index (GCI) of the (ITU), said a press statement issued in Accra and signed by Dr. Albert Antwi-Boasiako, Head of the National Cybersecurity […] The post Ghana’s
Lower Pra Rural Bank continues to grow bigger and better, as it posted a positive picture in the financial year. Deposits rose from GH¢96,822,527 in 2019 to GH¢129,686,553 in 2020, showing an increase of 34%. Total assets increased by 32% from GH¢110,688,021 in 2019 to GH¢145,582,886 in 2020. The growth in total assets conforms to […] The post Lower Pra Rural Bank grows stronger
Republic Bank Ghana, a subsidiary of Republic Financial Holdings Limited, has signed a Memorandum of Understanding with the Accra Metropolitan Assembly (AMA) and Korle Klotey Municipal Assembly (KoKMA) for beautification of AU Square. The Managing Director of Republic Bank, Mr. Farid Antar, expressed his excitement about the partnership and, most importantly, Republic Bank’s involvement in […] The post Republic
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