In an engaging event held today at MTN House in Accra titled “Time with Selorm,” the outgoing Chief Executive Officer of MTN Ghana, Selorm Adadevoh, shared insights on the company’s approach to remote work and its impact on staff motivation. During the event, Mr. Adadevoh discussed the hybrid work system that was implemented groupwide during […]
The Ghana Revenue Authority (GRA) collected a tax revenue of GH¢113.06 billion last year, GH¢3.87 billion more than it was tasked to collect. The performance represents a nominal growth rate of 49.3 per cent over the 2022 fiscal year, which the GRA described as the highest ever in the last 20 years. For the 2023 […]
The president of Dangote Group, Aliko Dangote, has retained his position as the richest person in Africa with a net worth of $13.9 billion, according to the 2024 Forbes list of 20 of Africa’s Richest billionaires. While Dangote retained the top spot, his ally, Femi Otedola, who is Chairman of Geregu Power Plc, ranked among […]
Inflation is expected to decline to 22.4% in January 2024 from 23.4% in December 2023, IC Research has predicted in its latest report. According to the research firm, improved foreign exchange outturn in late December 2023 into early January 2024 would sustain the lid on price pressures. “Our forecast shows a modest decline in the […]
The International Monetary Fund (IMF) is predicting a 15% end-of-year inflation in 2024. It is also forecasting an 8.0% end-of-year inflation in 2025, 2026 and 2027. This means that the increasing prices of goods and services will slow down this year and drastically in the next three years. The revelation was captured in the Fund’s […]
Lamborghini unveiled the successor to the Aventador in March last year and the first examples of the supercar were delivered to customers late last year. The V12 two-seater is already off to a great start as the automaker has just confirmed there’s now a long waiting list for Sant’Agata Bolognese’s flagship product. Lamborghini issued a press release […]
Apple is offering rare discounts on its iPhones in China, cutting retail prices by as much as 500 yuan ($70) amid growing competitive pressure in the world’s biggest smartphone market. The U.S. tech giant cut prices of some iPhones by 5%, its Chinese website showed on Monday. The time-limited promotion, branded as a Lunar New […]
Samsung Electronics introduces the AI-driven ‘Galaxy S24′ smartphone series, showcasing its in-house generative AI ‘Samsung Gauss’ and the on-device AI ‘Galaxy AI,’ enabling functionality without internet access. An AI phone extends beyond typical smartphone capabilities with added AI services. The ‘Galaxy Unpacked 2024′ event is scheduled for Jan. 18 at 3 a.m. KST, to be […]
Rating agency, Fitch, expects Ghana and Zambia to emerge from default on their foreign-currency debt in 2024. In its Regional Sub-Saharan African Sovereigns Outlook 2024, it stated that the two countries will come good in terms of restructuring their debts. “We forecast gradual fiscal consolidation due to financing constraints and fiscal reform efforts, which, in […]
Samsung’s family members plan to sell Samsung Electronics and major affiliates’ shares to pay the inheritance tax imposed after the passing of former Chairman Lee Kun-hee in 2020. It has been reported that members of the Samsung family, including Hong Ra-hee, former Director of Leeum Samsung Museum of Art, Lee Boo-jin, President of Hotel Shilla, […]
The Government Statistician, Professor Samuel Kobina Annim, presented the latest Consumer Price Inflation (CPI) data today in Accra, revealing a notable slowdown in the inflation rate by 3.2 percentage points. Inflation decreased to 23.2 per cent in December 2023, down from 26.4 per cent in November 2023. The year-on-year inflation drop marks the fifth consecutive […]
The government is seeking to borrow GH¢12.7 billion via treasury bills in January 2024, to finance maturing bills. This is 1.2% lower than that of December 2023. Already, the government has raised GH¢3.223 billion in the first auction of 2024, 15.24% more than the targeted amount. Based on the prevailing strong demand at an average […]
