The Ghana Airports Company Limited (GACL) has been adjudged the “Most Profitable” state-owned enterprise (SOE) for the year 2022 at the Public Enterprises League Table (PELT) awards. The State Interests and Governance Authority (SIGA) organised the events last Wednesday as a barometer to encourage profitable performance by SOEs. A citation read at the event lauded […]
Category: Business
Growth beats forecast — IMF: Fund to revise target upwards
The International Monetary Fund (IMF) has given thumbs up to the country’s recovery, saying growth this year has proved more resilient than initially anticipated. “Although all the challenges are not going to be solved overnight, and there is still a lot of work ahead, what makes us very optimistic is that these actions are already […]
Ghana CEO Awards: Dr. Nick Danso Adjei clinches Entrepreneur of the year Award for the second time running
Accolades continue to pour in for Dr. Nick Danso Adjei, the Executive Chairman of Ghana Link Network Services Ltd (Ghana Link), as he clinches the prestigious Entrepreneur of the Year award for the second consecutive year at the Second Edition of the Ghana CEO Awards. This recognition underscores his remarkable leadership and commitment to leveraging […]
We still have strong buffers — BoG
The Governor of the Bank of Ghana, Dr Ernest Addison has insisted that the central bank does not need a positive equity to be able to effectively play its role as the lender of last resort. The decision of the central bank to take a 50 per cent hair cut during the Domestic Debt Exchange […]
Uber, Enterprise Group collaborate to provide a comprehensive insurance package for Uber drivers in Ghana
Uber in Ghana has announced an agreement with Enterprise Group PLC & its subsidiaries in the General Insurance, Life Insurance, Health Insurance and Funeral services business, for the rollout of a unique bundled insurance package for a segment of Uber drivers. The product has been bundled together to offer insurance cover for the vehicle as […]
Government reopens invitation for ESLA, Daakye Trust bondholders in Domestic Debt Exchange Programme
The Ghanaian government has extended fresh invitations to bondholders of E.S.L.A. Plc and Daakye Trust Plc, encouraging them to engage in the domestic debt exchange programme by trading their existing holdings for a new package. A press release issued on September 13 by the Ministry of Finance called upon holders of domestic notes and bonds […]
Ghana pumps JSE first oil – Will boost revenue, economy
President Nana Addo Dankwa Akufo-Addo has turned on the valve at the offshore Jubilee Field to signify the production of additional oil from a new well, the Jubilee South East (JSE) Project. This successful project adds about 30,000 barrels of light sweet crude oil per day (bopd) to what is being produced from the country’s […]
Apple reportedly tests 3D printing to manufacture the new Apple Watch
Apple is testing the use of 3D printers to make the stainless steel chassis for its soon-to-be-released smartwatches, Bloomberg reported, citing people familiar with the matter. The company is reportedly initially testing the tech in production for the upcoming Apple Watch 9, and if all goes well, Apple will integrate it into the manufacturing process for more […]
EU injects €120m into West Africa exports
The European Union (EU) has invested €120 million to boost the competitiveness of exports on the international market from Ghana and the other West African countries. In Ghana, over GH¢100 million has been injected into three main value chains, namely cassava, mango and pineapple, and cosmetics and personal care products. The investment in Ghana was […]
Government reaffirms commitment to Domestic Debt Exchange Programme
The Ghanaian Ministry of Finance has underscored the government’s unwavering dedication to meeting its forthcoming financial obligations within the Domestic Debt Exchange Programme (DDEP). This declaration follows the successful settlement of the initial coupon payment under the DDEP, which amounted to approximately GH¢2.4 billion (Ghanaian Cedis). Implemented in 2022 as a strategic initiative to alleviate […]
SSNIT retrieves ₵132 million from employers through court action
The Social Security and National Insurance Trust (SSNIT) says it has retrieved 132 million Ghana Cedis from 2,272 cases filed at the law court within the first half of 2023. The cases were related to employers who failed to honour statutory social security obligations on behalf of their employees. The Director-General of SSNIT, Dr. John […]
BOST affirms profitability – Posts GH¢342m gains
The Bulk Oil Storage and Transportation Limited Company (BOST) has posted a profit after tax of GH¢342 million for last year, the second time in 11 years. Up from the GH¢160.72 million recorded in 2021, the 112 per cent growth marks the state-owned company’s second successive profit in two years after 10 previous years of […]