Business
OmniBSIC Bank posts strong results for Q1; pledges increased support to businesses
Ghana’s fastest-growing bank, OmniBSIC Bank Plc, has opened 2024 positively by delivering strong results in the first quarter which is a strong indication of superior returns to shareholders and higher value for businesses this year. The bank’s profit soared by more than 58 per cent to GH¢82.58 million in March while liquidity and the balance […]
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Business
World Bank predicts significant drop in global food prices in 2025
The World Bank has recently released its April 2024 Commodity Outlook Report, which predicts a substantial drop in global food prices in 2024, with a projected 6 per cent decrease, followed by an additional 4 per cent decline in 2025. This decrease is mainly attributed to lower prices for grains, oils, and meals, while other […]
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Business
NDC will create women millionaires through establishment of Women’s Bank – Jane Opoku-Agyemang
Professor Jane Naana Opoku Agyemang, running mate to National Democratic Congress (NDC) flag bearer John Mahama, announced plans to create women entrepreneurs and millionaires through the strategic establishment of a Women Development Bank. “We will actively pursue the establishment of a Women Development Bank to nurture and grow women-owned, women-led businesses,” Opoku Agyemang stated. “Women […]
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Headlines
Kofi Amoaben endorses Mahama as right leader for Ghana in 2025
Businessman Prince Kofi Amoaben has expressed his confidence in former President John Dramani Mahama as the ideal leader to steer Ghana toward economic development and prosperity. Amoaben, the co-founder of the defunct UT Bank, averred the potential benefits of Mahama’s experience as a returning leader during his remarks at a fundraising dinner hosted by the […]
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Sports
Agyemang Badu backs Dreams FC to upset Zamalek and reach CAF Confederations Cup final
SOURCE: Ahashie Judeliver Eli Former Ghanaian midfielder Agyemang Badu has thrown his weight behind Dreams FC, predicting a historic victory for the Ghanaian side over North African giants Zamalek this Sunday in the return leg of the CAF Confederations Cup semi-finals. Dreams FC held Zamalek to a goalless draw in the first leg played last […]
Headlines
Hundreds of Alan’s supporters return to NPP
Some supporters of Movement for Change who have defected to the New Patriotic Party (NPP) are calling on the electorates to vote for Dr Mahamudu Bawumia to become the next president of the country. The group led by Kofi Adjei, at a press conference, said the flag bearer of the opposition NDC has nothing to […]
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Business
Domestic capital market still a viable source of funding – Kobby Bentsi-Enchill
The Head of Investment Banking at Stanbic Bank Ghana, Kobby Bentsi-Enchill, has emphasized the importance of the domestic capital market as a viable and sustainable source of funding for businesses. Mr. Bentsi-Enchill said this at the issuance of Letshego’s newly established and expanded GHS 500 million bond programme at the Ghana Stock Exchange. Speaking on […]
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General
Your personal intervention saved us – UENR VC thanks IGP Dampare
The University of Energy and Natural Resources (UENR) has extended its gratitude to the Inspector General of Police, Dr. George Akuffo Dampare, for his personal intervention in addressing the recent robbery incident targeting students and lecturers on the Odumase-Badu road near Sunyani in the Bono Region. The incident, which occurred on Tuesday, 16th April 2024, […]
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General News
Communications Minister urges public to desist from dealing in pre-registered SIMs
Source: GNA Mrs. Ursula Owusu-Ekuful, Minister for Communications and Digitalisation, has cautioned members of the public to desist from dealing in pre-registered SIM cards since it is illegal and an offence liable for prosecution. She explained that “Dealing in this context comprises the individual, who sells the pre-registered SIM as well as the buyer or […]
Business
Stanbic holds talks with Chinese ambassador over enhanced Ghana – China Trade Ties
The Chief Executive of Stanbic Bank Ghana, Kwamina Asomaning, together with some Senior Executives of the bank recently met with the Chinese Ambassador to Ghana, H.E. Lu Kun, to promote deeper trade and investment ties between Chinese and Ghanaian businesses. During the meeting, Mr. Asomaning underscored the importance of the strategic partnership between Standard Bank, […]
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Headlines
Stanbic Bank offers financial solutions to members of Ghana Medical Association
Stanbic Bank Ghana, a subsidiary of the Standard Bank Group, has signed a Memorandum of Understanding (MOU) with the Ghana Medical Association (GMA) aimed at offering tailor-made financial solutions to members of the GMA. Speaking at the MOU signing ceremony at Stanbic Heights in Accra, Kwamina Asomaning, Chief Executive of Stanbic Bank said health is […]
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Banking & Finance
OmniBSIC Bank makes GH¢150m gain in 2023
The fastest-growing bank, OmniBSIC Bank, has emerged stronger in the aftermath of the debt restructuring programme, with an impressive performance that resulted in one of the biggest profitability ratios in the banking sector last year. The bank’s profit rose by 218 percent to GH¢150.6 million in 2023, indicating a significant turnaround from the loss suffered […]
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Business
$3bn deal: We are beginning to reap substantial macroeconomic benefits – BoG Governor
The Ministry of Finance and the Bank of Ghana have shown a steadfast commitment to a set of policies right from the beginning of the implementation of the $3 billion programme with the International Monetary Fund (IMF) under very difficult circumstances, Governor of the central bank, Dr Ernest Addison has said. He stated that they […]
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Business
IMF deal: Addison expresses optimism that 2nd review will lead to release of 3rd tranche
Governor of the Bank of Ghana (BoG), Dr Ernest Addison, has expressed optimism that the successful second review of the programme with the International Monetary Fund (IMF) will lead to the release of the 3rd tranche. The country had already received two tranches, $600million each. The release of the third tranche would increase the total […]
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Business
OmniBSIC Bank posts historic profit, makes GH¢150m gain in 2023
The fastest-growing bank, OmniBSIC Bank, has emerged stronger in the aftermath of the debt restructuring program, with an impressive performance that resulted in one of the biggest profitability ratios in the banking sector last year. The bank’s profit rose by 218 percent to GH¢150.6 million in 2023, indicating a significant turnaround from the loss suffered […]
The post OmniBSIC
Banking & Finance
OmniBSIC Bank makes GH¢150m gain in 2023
The fastest-growing bank, OmniBSIC Bank, has emerged stronger in the aftermath of the debt restructuring programme, with an impressive performance that resulted in one of the biggest profitability ratios in the banking sector last year. The bank’s profit rose by 218 percent to GH¢150.6 million in 2023, indicating a significant turnaround from the loss suffered […]
The post OmniBSIC
Business
Stanbic Bank, GMA Sign Financial Care Package MOU
Mr. Asomaning, Dr. Serebour exchanging pleasantries Stanbic Bank Ghana has officially signed a Memorandum of Understanding with the Ghana Medical Association (GMA) to introduce financial care packages tailored to
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The post Stanbic Bank, GMA Sign
Editorial
Editorial: Intensify AfCFTA education to rope in more women and youth
There is a lack of detailed information on the African Continental Free Trade Area (AfCFTA) among women and youth in business, a situational analysis conducted by the Aya Institute for Women, Politics and Media, has found. While information about the protocol has primarily reached technical experts and businesses, women and youth in the micro, small […]
The post Editorial:
Agribusiness
Editorial: GMO products have to be properly labelled for consumer choice
It is a welcome relief to hear the Ministry of Food and Agriculture (MoFA) categorically deny the commercialisation of certain genetically modified organisms like maize, soy or even perhaps, tomatoes in our food chain. The clarification comes amid concerns expressed by a number of interest groups like the Peasant Farmers Association of Ghana (PFAG), aggregators […]
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