A new ride-hailing platform developed locally with a traditional touch to help commuters find commercial taxis has been launched in Accra. The app, GoRide, gives the process of finding a ride a modern twist by making it easier for passengers and drivers to connect without disrupting the essence of the local transport system. It comes […]
“Google essentially disappeared us from the internet.” Launch days. They’re equal parts thrilling and terrifying for many start-up business founders, but they don’t get much worse than the one Shivaun Raff and her husband, Adam, experienced. It was June 2006 and the couple’s trailblazing price comparison website Foundem – one they had sacrificed well-paid jobs […]
The CEO of the Ghana Association of Bankers, John Awuah, has opened up about the importance of lifestyle audits as a key preventive measure in Ghana’s banking industry. Banks, he stated in an interview on Joy News’ PM Express Business Edition, are increasingly vigilant about monitoring staff’s lifestyle changes to detect any signs of fraud […]
The IMF projects that Ghana will end 2024 with a growth rate of 3%, according to the World Economic Outlook Report released in Washington, D.C., on Tuesday during the IMF/World Bank meetings. This aligns with the Government of Ghana’s forecast of a 3.1% GDP growth rate as stated in the 2024 Budget. IMF’s Growth Projections […]
Fitch Ratings has assigned Ghana’s new US dollar bonds, issued on 9 October 2024, a ‘CCC+’ rating. Fitch also has upgraded Ghana’s Long-Term Local-Currency (LTLC) Issuer Default Rating (IDR) to ‘CCC+’ from ‘CCC’. Fitch has affirmed Ghana’s Long-Term Foreign-Currency (LTFC) IDR at ‘RD’. Fitch typically does not assign Outlooks to IDRs of sovereigns with a […]
Ghana’s Fifth Generation (5G) technology is ready to go live on November 1. The wireless technology will offer users a higher internet speed, higher upload and download speed, with more consistent connections and improved capacity. The Graphic Business joins the nation to welcome this new evolution as it stands to enhance business activities in the […]
The Ghana Cocoa Board (COCOBOD) CEO, Joseph Boahene Aidoo, has disclosed that Ghana lost an alarming 120,000 metric tons of cocoa beans to smuggling between 2022 and 2023. This significant loss poses a serious threat to Ghana’s cocoa industry, which is a key contributor to the national economy. The smuggling of cocoa beans has long […]
The Paramount Chief of Kwahu in the Eastern Region who doubles as the Board Chairman of the State-owned Agricultural Development Bank, ADB, Daasebre Akuamoah Agyapong II, has been asked to resign immediately from his role. The central bank gave the directive after a businessman petitioned President Akufo-Addo and accused the Board Chair of abuse of […]
The Minister of Communications and Digitalisation Ursula Owusu-Ekuful has announced that all is set for the 5G service to be rolled out from November 1, 2024. The Minister disclosed this during an interview on Peace FM’s Kokrokoo Show with Kwami Sefa Kayi on Wednesday October 2, 2024. Mrs. Owusu-Ekuful noted that the necessary structures have […]
Ghana has taken a major step forward in its digitalisation agenda with the launch of the CitizenApp, a digital platform that consolidates all digitised public services. The app, designed to streamline interactions between the government and the public, was officially launched on Monday by Vice President Dr. Mahamudu Bawumia in Accra, with representatives from various […]
The International Monetary Fund (IMF) staff team, led by the Mission Chief for Ghana, Stéphane Roudet, has reached a staff level agreement with Ghana on the third review of the country’s three-year economic programme with the fund. The extended credit facility (ECF) arrangement, approved on May 17, 2023, provides Ghana with a total of $3 […]
The price of oil has jumped 5% after US President Joe Biden said the US was discussing possible strikes by Israel on Iran’s oil industry. Asked on a visit if he would support Israel striking Iran’s oil facilities, Biden said: “We’re discussing that.” Iran is the seventh largest oil producer in the world, exporting around […]
