Category: Featured
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Secured loans in Q2 2023 surge to ¢5.9 billion, a 15.5% year-on-year increase
In the second quarter of 2023, the total value of secured loans granted and registered by banks and Specialized Deposit-Taking Institutions in Ghana reached an estimated ¢5.9 billion. This marked a substantial growth of 15.5% compared to the previous year. Meanwhile, Specialized Deposit-Taking Institutions reported a total of ¢971.1 million in secured loans, representing a…
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Ghana Stock Exchange shows robust performance with notable gains in key equities
The Ghana Stock Exchange (GSE) experienced a strong trading session on September 6, 2023, characterized by significant gains in essential equities and a surge in trading activity. This surge in investor participation and increased volume is instilling confidence in the Ghanaian stock market. Out of the 14 GSE-listed equities involved in the trading, optimism prevailed…
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2023/2024 cocoa season: Stakeholders project increase in farm gate price to GHS 1,380
Ahead of Government’s announcement of the 2023/2024 farm gate price for cocoa, stakeholders are projecting an increase in producer price from the current GHS 800 to GHS 1,380 per bag of cocoa beans. This projected rise is as a result of prevailing rates on the international market. Government through the COCOBOD is scheduled to announce…
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Scale up effort to claim share of global pharmaceutical revenue – Sam Jonah
Players within the pharmaceutical industry across Africa have been charged to accelerate efforts in turning the fortunes of the sector not only into a more lucrative but lifesaving one. According to businessman and Chancellor of the University of Cape Coast, Sir Samuel Esson Jonah, the insignificant share of global pharma industry revenue leaves more room…
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Pharmaceutical Society charged to utilize AI to transform industry
Ghanaian businessman and Chancellor of the University of Cape Coast, Sir Samuel Esson Jonah is encouraging pharmacists across the country to leverage the emergence of Artificial Intelligence (AI) to better position the pharmaceutical industry for economic growth. This, he explains can be achieved by deepening collaborations with other technological bodies to offer world class pharmaceutical…
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Bayport Savings and Loans re-enters capital market with Ghc50m bond issuance
In its quest to strengthen customer support, Bayport Savings and Loans PLC has resumed capital market activity with a Ghc50m bond issuance. This was revealed when the company took its turn at the Ghana Stock Exchange’s Facts Behind the Figures session on Wednesday, 6th September, 2023. This also comes on the back of Bayport Savings…
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2023 Citi Business Olympics slated for September 30
The annual ultimate corporate sports gathering, the Citi Business Olympics, is set to take place on September 30, 2023, at the Eden Heights Sports Complex in Weija. The event, which is powered by Citi TV with support from Citi FM, will bring together the best of the best from the corporate world to compete in…
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Apple says iPhone and iPad apps will show up on the vision OS App Store from the get-go
While Apple’s famed Vision Pro headset is not available for purchase, the company is making sure that users get plenty of apps to use when they finally get it. The company said today that iPhone and iPad apps will show up on the visionOS’ App Store on the launch day. This means developers won’t have to do…
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China launches $41 billion fund to accelerate semiconductor industry
China is taking significant steps to bolster its semiconductor industry with the launch of a colossal $41 billion fund. This initiative, announced by the China Integrated Circuit Industry Investment Fund, commonly known as the “Big Fund,” marks the largest of three funds introduced by the country. It comes as the United States tightens restrictions on…
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IMF mission to visit Ghana from September 25
An International Monetary Fund (IMF) staff team will be in Ghana from September 25 through the first week of October to assess the implementation of Ghana’s Economic Recovery Programme. This will be the second visit by the IMF after its board approved Ghana’s bailout on May 17 and review the targets under the $3 billion…