Category: Markets
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Business yet to pick up fully at Madina Market after disinfection exercise
Some traders at the Madina Market in Accra say they’re yet to experience a full resumption of business activities following Monday’s disinfection exercise at the market by government in a bid to curtail the spread of the coronavirus pandemic. The traders say although business has been quite slow, they’re hopeful things will pick up in…
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Containing COVID-19: Markets in other regions to be disinfected this week – OB Amoah
The Local Government and Rural Development Ministry says the disinfection exercise being done in markets in the Greater Accra Region will be extended to markets in other regions in the coming days. According to a Deputy Minister, OB Amoah, after the exercise ends in the capital on Monday [March 23, 2020], it will be carried…
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Ghana Stock Exchange takes steps against likely impact of COVID-19
Head of Marketing and Public Relations at the Ghana Stock Exchange (GSE), Diana Okine, says the local bourse has already cancelled emergency discussions with relevant stakeholders and potential investors, as part of moves to contain the spread of COVID-19. The disease has killed more than 12,000 globally, out of over 290,000 cases. Speaking to Citi…
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Coronavirus: Greater Accra markets to close down next Monday for fumigation
Markets in the Greater Accra Region will be closed on Monday, March 23, 2020, for a fumigation exercise as part of Ghana’s fight against the coronavirus pandemic. This is part of the nationwide disinfection of public spaces to control the virus. There are concerns about how best the country can maintain social distancing in crowded…
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Traders record high sales amidst panic shopping over COVID-19 fears
With over 200,000 coronavirus cases recorded globally, some individuals who are uncertain about when the wave will end have resorted to panic buying. This action has also become necessary especially in countries where there’s a total lockdown to contain the spread. Although Ghana has recorded 11 cases with no death yet, some citizens are alarmed,…
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COVID-19 impact: Importers & traders anticipate possible closure of shops over shortage of goods
Beyond the loss of human lives and the pressure brought on health systems globally by the coronavirus pandemic, the disease is threatening livelihoods as businesses and economic activities have been severely impacted. Aside from the aviation and tourism sectors, which have been badly hit, trading has generally seen a massive reduction. In Ghana, some importers…
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Ghana ranked 6th in RMB’s ‘Where to Invest in Africa’ 2020 report
Ghana has been ranked the sixth-best country in Africa for investors in the latest RMB Investment Attractiveness 2020 rankings. The country climbed three places from the previous year’s report – edging closer to the coveted top 5 countries for investments in the whole of the continent. The report released earlier this week said the country’s…
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Investors need clarity on Africa’s regulatory environment to attract more FDIs – EBII Compliance
The Emerging Business Intelligence and Innovation Compliance is set to host a forum that will connect investors with various regulatory agencies in Africa in a bid to demystify the perception of some Western businesses that Africa is a high-risk area for investments. The forum, slated for May this year, will be hosted in Ghana. It…
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Investors urged to understand risk-return profile before investing on Stock Market
Investors have been cautioned against following the bandwagon when it comes to investing on the Ghana Stock Exchange this year. According to the General Manager of UMB Stockbrokers, Ben Ackah, investors need to prioritize understanding their risk-return profile before investing in popular stocks. The risk–return spectrum, also called the risk–return trade-off or risk–reward, is the…
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Food prices have reduced; but we must stabilize it – Esoko confirms President’s claims
Esoko Ghana, a provider of digital solutions and services for agriculture and data collection, has charged government to do more to stabilize the prices of food and other commodities on the market by boosting production. The comment follows President Akufo-Addo’s remark that the Planting for Food and Jobs policy has helped to reduce the prices…