Chairman of the McDan Group of Companies, Dr. Daniel McKorley has announced the selection of the top 20 Businesses in the 2019 edition of the McDan Entrepreneurship Challenge. Dr. McKorley who is the brain behind the Challenge, announced that the selected businesses will be rewarded with the needed financial injection to scale up their operations. […]
By Elvis DARKO, Accra Twenty out of the 23 savings and loans companies and finance houses shut down by the Bank of Ghana (BoG) recorded a combined negative capital of GH₵2.3 billion (GH₵2,301,948,311). They are made up of 16 savings and loans companies and seven finance houses. Only Sterling Financial Services Limited did not record […]
President Nana Addo Dankwa Akufo-Addo says his government is fully committed to making investments in trade-related infrastructure, as well as enhancing the country’s production capacity, in order to reap the full benefits of the African Continental Free Trade Area (AfCFTA). He said government’s initiatives such as the ‘One District, One Factory’ policy, the development of […]
Africa’s richest man, Aliko Dangote, has advised young entrepreneurs in Africa to focus on Information and Communication Technology (ICT) and Agriculture. According to him, these are the two main sectors that are worth investing in and that the youth must focus their energies and resources on them. The business magnate who was speaking at the […]
The Bank of Ghana (BoG) has given the assurance that funds are available to pay depositors of the 23 savings and loans companies and finance house companies that have been shut down. “In line with the Government’s commitment to protect depositors’ funds, the Government has made funds available to enable the Receiver pay depositors after […]
A study by Agency for Health and Food Security (AHEFS), a non-governmental organisation (NGO) has revealed that Ghana spends over US$100 million on the importation of vegetables annually. The vegetables, mostly tomatoes and onions, according to the study, were mostly imported from the neighbouring Togo, Cote Côte d’Ivoire and Burkina Faso. Speaking at a media […]
The Business Development Ministry has announced the creation of about 4,750 jobs under one of its capacity building initiatives. According to the ministry, the jobs were created under its capacity building programme for young entrepreneurs. Minister for Business Development, Dr Ibrahim Mohammed Awal, in his interaction with journalists at the Information Ministry’s Meet-the-Press Series yesterday, […]
The Ghana Revenue Authority (GRA) has launched a mobile application (App), dubbed ‘Ghana Tax Stamp Authenticator’, that helps consumers to detect the genuineness of products sold in retail shops. The app allows the consumers to scan and validate the excise tax stamps affixed on excisable products such as alcoholic and non-alcoholic beverages, and tobacco products. […]
In the recently released 2017 KPMG CEO Outlook, Alhaji Aliko Dangote, President of the Dangote Group, provides insight into his business success. Dangote Group, one of the leading diversified business conglomerates in Africa, generates revenues in excess of US$3 billion and employs more than 26,000 people, with business interests as diverse as cement, sugar, pasta, […]
The Chamber of Bulk Oil Distribution Companies (CBOD) has advised Bulk Oil Distribution Companies (BDCs) to revise their trade credit tenor from the current forward foreign exchange (FX) rate from the average 60-day (FuFeX60) to 30-day forward rate (FuFeX60). It stated that the adoption of a FuFeX30 (30-day forward rate) instead of FuFeX60 (60-day forward […]
Casket sellers in the Greater Accra region of Ghana are complaining of low sales. According to them, people no more buy coffins the way they used to and this isn’t good for business at all. Managing Director of Adjei and Brothers Wood Works, Adjei Boye Okaine, who’s into Coffin business has said that they have […]
The Ministry of Business Development yesterday presented an amount of GH₵200,000 to female entrepreneurs living with disability to expand their businesses. This is under the presidential empowerment for disability. Yesterday’s presentation forms part of the GH₵2 million fund earmarked for women entrepreneurs with disability by the government. The women were drawn from areas such as […]
