Category: Top Stories
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Indian investors commit $14 billion to Nigeria, to strengthen several Nigerian sectors
Indian investors commit $14 billion to Nigeria, to strengthen several Nigerian sectors According to the Nigerian presidential spokesperson on Wednesday, Nigeria has received offers of about $14 billion from Indian investors and is seeking to sign an economic cooperation agreement with the South Asian country. Ajuri Ngelale, a spokeswoman, said in a statement that India’s…
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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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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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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…
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Soya Bean farmers urge govt to address PFJ challenges
The Ghana Soya Bean Farmers and Aggregators Association has called on the government to address the challenges of the first phase of the Planting for Food and Jobs (PFJ) initiative to ensure the success of the new phase. President Nana Addo Dankwa Akufo-Addo launched Phase two of the government’s flagship programme on agriculture, “Planting for…