Accra, Ghana

GSE Feed

Forex Rate


Telecom boom redefines African media


Media organisations in Africa are devising strategies to capitalize on the increasing use of technology to improve their service delivery. The move is set to include the adoption of new mechanisms to deliver stories particularly business reporting to guide policy decisions. The issue has been at the forefront of deliberations at the 2017 Bloomberg Africa Business Media Innovators Summit. It ...

Read More »

President Akufo-Addo commissions Octagon building

WhatsApp Image 2017-11-14 at 6.49.01 AM

President Akufo-Addo has commissioned the Octagon building complex near Kimbu Gardens in Accra. The building which has multi office space is designed to accommodate different types of businesses. President Akufo-Addo lauded the operators for establishing the 120,000 square meters edifice. “I felt I had to come for two reasons, one, the initiative, the private enterprise that has gone into bringing ...

Read More »

Ghana supplies Burkina Faso with 100MW electricity

Professor Dissa presenting an undisclosed package to Agyarko as a sign of stronger bond between the two countries.

Government has agreed to supply 100 megawatts of power to Burkina Faso after the country demanded for electricity from Ghana. Ghana has over the years supplied and received power from some West African countries, including Ivory Coast. Speaking at press conference in Accra, the Minister for Energy, Boakye Agyarko explained that the move is aimed at making use of Ghana’s ...

Read More »

2018 Budget: Economists warn against ambitious oil revenue projection

Ken Ofori Atta - Finance Minister

As the Finance Minister Ken Ofori Atta prepares to present the 2018 budget statement before parliament tomorrow, some financial observers have caution against ambitious oil revenue projection. According to them, previous experiences must serve as a guide to government as Ghana has no control over the price of oil. In the 2017 mid-year budget review presented by the Finance Minister ...

Read More »

Takoradi port gets $ 428m injection for expansion

WhatsApp Image 2017-11-14 at 08.16.09

As part of efforts to increase the port efficiency in Takoradi, Ghanaian private investment company, Ibis Tek has begun moves to expand the port. Figures available show that as at 2015, the port had a capacity of sixty-three thousand (63,000) Total Enclosed Units (TEUs) per annum. This is expected to increase to between eight hundred thousand to one million (800,000 ...

Read More »

Tigo, Airtel entity now Airtel Tigo

Ghanaian Hip Life Musician, Magnom performs his hit song 'medi be bom' to unveil the new brand.

The second largest telecom operator in Ghana has rebranded as Airtel Tigo, following a merger between Tigo and Airtel. Airtel Tigo will now control 22 percent market share of the telecom industry in Ghana after the National Communications Authority recently approved the merger. The CEO of Airtel Tigo, Madam Roshi Motman speaking to the workers after announcing the new brand ...

Read More »

Left to Die: Ghana’s textile industry nears collapse

textile task

Ghana’s textiles industry which used to employ over 25,000 people has seen a decline in production since 2005, leading to massive lay off of workers due to the import of cheap Chinese textiles. Currently, the industry is said to employ a little over 2,000 workers as it nears total collapse. The woes of the industry started in the early 2000s ...

Read More »

BoG to issue new guidelines to curb cyber fraud

Dr. Ernest Addison, Governor of the Bank of Ghana

The Governor of the Bank of Ghana (BoG) Dr. Ernest Addison has disclosed that the central bank will soon publish guidelines for players in the financial sector to reduce cyber fraud. This follows an increase in the cases of cyber fraud, particularly, mobile money fraud in the country. Speaking on Day Two of the Financial Inclusion Symposium organized by MasterCard ...

Read More »

Tropical Cable wins top AGI award

WhatsApp Image 2017-11-12 at 07.26.35 (1)

Locally owned Tropical Cables and Conductors limited has been adjudged as the overall best industrial company for 2016. The company picked the ultimate award after beating off competition from over thirty other industries. In addition, Tropical Cable and conductors picked the award for the best company in electricals and electronics. Pharmaceutical company, Dannex picked two awards for fastest growing company ...

Read More »

2018 budget to set motion for tariff review

WhatsApp Image 2017-11-12 at 07.26.37 (1)

Businesses should expect to see an adjustment in their cost of electricity at least beginning in 2018. It follows government’s plans to review the current tariff system for industries. President Akufo Addo who disclosed this says the Finance Minister, Ken Ofori Atta would announce details of this when he presents the 2018 budget to Parliament on Wednesday, November 15, 2017. ...

Read More »
Ghana Business News