Category: Markets
-
South Africa’s ‘Boschkloof Wines’ launched in Ghana
Boschkloof, one of South Africa’s premium wine brands has been officially unveiled in Ghana with a call for responsible alcohol consumption. The Chief Executive Officer of Boschkloof Wines, Jacques Borman, made a strong case for responsible drinking during a wine-tasting session held at Golden Tulip Hotel in Accra. “As a leading wine company interested in…
-
Be efficient in using Eurobond proceeds to attract better rates – Lord Mensah urges gov’t
Financial Economist and Senior Lecturer at the University of Ghana Business School, Dr. Lord Mensah, has called on government to judiciously invest proceeds from the recently issued US$3 billion Eurobond, to ensure that the country attracts lower coupon rates in subsequent Eurobond issues. According to him, investors are likely to accept lower rates in the…
-
Agbogbloshie Market vendors urge city authorities to evict wayside traders
Some traders at the Agblogbloshie Market in Accra are calling on city authorities to take steps to evacuate all traders selling on the shoulders of the roads. The traders lamented to Citi Business News how they struggle on a daily basis to attract customers to their sheds, due to the activities of those selling by…
-
Consumers lament ‘high cost’ of courier services as E-commerce booms
As internet and mobile phone usage increases, it is not only connecting people, but also facilitating e-commerce, making it easy for people to purchase items or deliver same conveniently. This is often made possible by the growing number of courier services in the country. While this is becoming the preference for many, there’s an emerging…
-
Moody’s rating influenced coupon rates for US$3billion Eurobond – Lord Mensah
The government’s successful issuance of a US$3 billion Eurobond in three installments has been partly attributed to the recent improvement in Ghana’s ratings from a stable outlook to positive by international rating agency, Moody’s. Moody’s based its rating on what it calls rising confidence in Ghana’s institutions which are expected to lead to stability in…
-
Implementation of UNI-PASS will affect ease of doing business ranking -IMANI
President of IMANI Africa, Franklin Cudjoe, has cautioned that Ghana’s standing on the World Bank ease of doing business ranking would dip further if government goes ahead with the introduction of the controversial UNI-PASS single window system. Currently, the single window system is being managed by the Ghana Community Network Services Limited, GCNet, as well…
-
Transportation & housing cost will continue to make Accra most expensive city – Economist
The cost of transporting foodstuff coupled with the high cost of housing in the capital Accra among other factors, have been blamed for making the city the most expensive in Ghana. An analysis of the Ghana Statistical Service’s data on inflation for 2019 shows that Greater Accra was the most expensive region for consumers over…
-
Statistical Service fears 2020 census could be delayed over on-field challenges
The Ghana Statistical Service says there is a possibility that the 2020 population and housing census scheduled to start in March could be delayed if some existing on-field challenges are not resolved. Speaking on the upcoming exercise, Government Statistician, Professor Samuel Kobina Annim noted that while he is confident funds will be released for the…
-
Ghanaian e-commerce platform, Shopnaw launched
Shopnaw, an e-commerce platform, has been introduced onto the Ghanaian market with the aim of using modern mobile technology to provide an improved shopping experience for shoppers who buy from local markets, supermarkets, grocery stores, pharmacies and restaurants among others. Speaking during the launch of the Shopnaw mobile application in Accra, the the Founder and…
-
Ghana Stock Exchange set for worst performance in three years
This year’s performance of the Ghana Stock Exchange is one investors will want to quickly put behind them. The bourse has seen a topsy-turvy performance all throughout the year and it is set to end the year with its composite index, which measures the performance of stocks of listed companies, recording a negative 12.3 percent…