Category: Business
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The Accra Hub and Fainajs sign Memorandum of Understanding
The Accra Hub and Fainajs Express Limited have signed a memorandum of understanding to promote entrepreneurial development in Ghana. Fainajs is a growing trade facilitation and international business development firm that seeks to enhance access to hustle-free intra-African trade, international business setup, growth and development for current and aspiring African entrepreneurs. The Accra Hub on…
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Letshego Africa targets Ghana to expand digital skills with Mariam Kaleem Agyeman-Buahin appointment
Letshego Group, the 22 year strong pan-African inclusive finance institution, has reiterated that digitisation is driving the success of its Transformation Strategy, extending the reach of its financial solutions to mass and middle income individuals as well as Micro and Small Entrepreneurs (MSEs). To deliver its 5-year targets, the multinational is recruiting digital skills from…
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Be prudent in risk assessment – Economist to local banks
Banking consultant, Dr Richmond Atuahene, has urged local banks in the country to be prudent in their risk assessment to improve on their non-performing loans. His call follows the comparably better performance of foreign-owned banks to local banks between the years 2019 and 2020. Data from the financial statements of some leading banks in the…
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Doubling LPG consumption by 2030 can’t be achieved with new taxes – LPG Marketers
With just a few a days to the implementation of the new taxes announced in the 2021 budget, the LPG Marketing Companies Association of Ghana says the country’s goal of doubling consumption level of LPG by 2030, is now dead. According to the Ghana Revenue Authority (GRA), the new taxes which will take effect from…
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PCI DSS certification means improved security and assurance for our customers – FBNBank CRO
FBNBank Ghana has announced that it has received PCI DSS certification version 3.2.1. from the Payment Card Industry Standards Security Council (“PCI SSC”) affirming the high level of security around its cards. The PCI DSS, which means Payment Card Industry Data Security Standard, is an information security standard for organizations that handle branded cards from…
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Agyapa deal failed because Ghanaians did not trust government – Manteaw
Extractive sector policy researcher and analyst, Dr. Steve Manteaw, has blamed the failure of the Agyapa Gold Royalties deal on the public’s belief in the notion that they were misled by the government. Speaking at a forum on the theme “Extractive Sector Governance: Examining Political economy factors for promoting transparency, participation and accountability” organized by…
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Ghana achieved 6% of its $46 million processed foods export potential in Burkinabe market- Konfidant
Burkina Faso has been identified by research firm, Konfidant, as a top export market destination with the highest potential for Ghana’s processed foods and animal feed. In its report, Ghana’s Competitive Potential in the AfCFTA: A Country Competitiveness and Opportunity Assessment, the firm noted that Ghana has an estimated processed foods potential of over $46…
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Ghana-Burkina Faso interconnectivity railway line key to iron ore mining – Amewu
Railways Development Minister, John Peter Amewu says the Ghana-Burkina Faso interconnectivity railway line project will be instrumental in the mining of iron ore in the Northern Region. More than 1.7 billion tonnes of iron ore were discovered in an exploration exercise at Sheini in the Tatale/Sanguli District of the Northern Region. According to the sector…
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Unresolved power crisis will set Ghana’s economy back by 3 to 5 years – Economist
Economist Dr. Adu Owusu Sarkodie says it will take Ghana 3 to 5 years to recover if authorities allow recent power outages to worsen amid the COVID-19 pandemic. Provisional figures released by the Ghana Statistical Service show that the impact of COVID-19 on the Ghanaian economy was worse than anticipated, as the economy grew by…
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El de D Consult partners US Embassy to train journalists in finance and economics in Takoradi
A Two-day media training in basic Finance and Economics has been held in the Western regional capital, Takoradi for selected media practitioners. The workshop is one of the face-to-face sessions of a 21-day virtual training programme in Finance and Economics, christened Finance and Economic Clinic for journalists. It is being organized by El de D…