Author: citibusinessnews
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Investors shy away from Ghana
Ghana’s numerous economic challenges may have put off foreign investors as foreign direct Investments declined in the third quarter of 2015 as compared to 2014. [contextly_sidebar id=”CPaKmUHPDUuaIIabkbz4sT1BmxU49dXJ”]According to figures released by the Ghana Investment Promotion Centre (GIPC), investments for the third quarter of 2015 compared to the same period of 2014 showed a marginal decline…
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Standard Chartered shares sink on shock quarterly loss
Shares in Standard Chartered fell sharply after the Asia-focused UK bank said it would raise $5.1bn (£3.3bn) and cut 15,000 jobs by 2018. About $3bn being raised in the rights issue will cover the bank’s turnaround costs. The restructuring was announced as the bank reported a “disappointing” third-quarter pre-tax loss of $139m for the three months…
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Business confidence in Ghana shoots up
Though some Ghanaian business complain and predict hard times for the country, business confidence among corporate leaders in the country in the third quarter of 2015 continued to rise from that of the second quarter. [contextly_sidebar id=”pbCKTAAg35wajcAz6VDuTA7lPRgRGUEi”] This is according to the 3rd quarter business barometer meter from the Association of Ghana industries (AGI). The Business…
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Ghana drops in latest ease in doing business rankings
Ghana’s performance declined in the latest ease in doing business rankings by the World Bank. [contextly_sidebar id=”MLCH3k5xb8LN3DvDE8eSMgme5OQptLHO”]Ghana was among 189 economies surveyed in the study. The country’s overall performance dipped by two points from 112 to 114. Aside recording an improvement in dealing with construction permits and trading across borders, Ghana recorded negative growth in…