Author: Benjamin Aklama
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Africa’s internet economy to cross $180 billion by 2025: Report
Africa’s Internet economy has the potential to reach 5.2% of the continent’s gross domestic product (GDP) by 2025, contributing nearly $180 billion to its economy, according to a report from Google and the International Finance Corporation (IFC). The report titled e-Conomy Africa 2020, pointed out that the internet economy in Africa is bound to see exponential…
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CBOD calls for a more structured supply of Forex for petroleum products
The Chief Executive Officer of the Ghana Chamber of Bulk Oil Distributors (CBOD), Senyo Hosi, has blamed the inadequate supply of foreign exchange for the procurement of petroleum products at the doorsteps of commercial banks in the country. The remark comes on the back of a report from Bloomberg which claimed that Ghana faces a…
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Node 8, Ghana Tech Lab partner on Pathways to the adoption of Digital technologies in e-commerce
Node Eight, partners with Ghana Tech Lab organized a local consultative stakeholder assemblage on Saturday, 18th June 2022. The event is part of the Pathways to Sustainable Employment Program aimed at shining light on the potential of e-commerce in the local digital economy and how it drives youth employment in Ho. This meeting was themed…
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MEST Express Accelerator opens applications for sustainable startups in Ghana
MEST Africa, in partnership with the Mastercard Foundation, has opened applications for the first cohort of the MEST Express accelerator, focused on accelerating startups within the sustainable technology solutions sector. The Foundation in collaboration with the pan-African technology innovation hub is looking to support startups in Ghana that are using technology to create a sustainable…
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5 things to note in the changing scene of West Africa’s consumer markets
The Citi Business Festival on-air series featured Lampe Omoyele, the CEO of Nitro 121, who spoke on “The Changing Scene of West Africa’s Consumer Markets”. Here are five things to note from his presentation. Brands must leverage digital communication Lampe Omoyele described digital communication as a key to maintaining quality. “You have digital marketing as…
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Absa Bank’s Chief Economist to speak on global economy at Cedi summit
The Head of Research and Chief Economist at Absa Bank, Jeff Gable, is billed to speak at the Citi Business Festival’s Cedi Summit slated for June 27, 2022. Mr. Gable will speak on the topic – “The Global Economy: Challenges & Prospects” at the economic summit being organised by Citi TV/Citi FM. He will join…
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Ride-hailing drivers push for government regulation of business
As fuel prices continue to rise, the Online Drivers’ Union is calling on the government to regulate the activities of ride-hailing companies operating in the country. The group argues that despite their poor conditions of service, and the lack of pension contributions in their line of work, the service providers have failed to adjust their…
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Lawyer pushes for prosecution at BoG over management of cedi
A lawyer, Dr. John Baiden, is pushing for the Attorney General to cause prosecutions at the Bank of Ghana (BoG) over the perceived mismanagement of the Ghana cedi, which continues to lose value against the dollar. He has petitioned the Attorney General and said, “the Bank of Ghana has compromised the Ghana Cedi. It is…
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Citi FM/Citi TV launch ‘This is Ghana Exhibition’; slated for August 27-28
Citi FM and Citi TV have launched Ghana’s biggest trade fair and exhibition to enable Small and Medium Enterprises (SMEs) to showcase indigenous products and services. The program dubbed; ‘This is Ghana Exhibition’ will create space for the promotion of Ghanaian products and services to boost the “Made in Ghana” agenda. The two-day expo is expected to attract…
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Ivory Coast is set to receive $26.1 billion worth of development finance from 4 lenders, the EU and France
On Wednesday June 15 2022, Ivorian leaders met with some investors, lenders and development partners in Abidjan as they sought to raise funds in support of Ivory Coast’s recently launched 5-year development plan. According to Reuters, the meeting was a huge success, as the investors and partners pledged up to $26.1 billion. Specifically, the World…