Business
Stock market closes flat as trading activity surges
Market Summary The benchmark index closed the session flat at 2,051.80 with a year-to-date return of 5.68% while the market capitalization was unchanged at GH¢55.59 billion. The GSE Financial Index stayed at yesterday’s level of 1,863.63 with a year-to-date return of 4.54% while the SAS Manufacturing Index remained unchanged at…
Read More »Indicate status of Politically Exposed Persons in registration – BOSS
Mr. Samuel Bekoe, Technical Consultant, Beneficial Ownership Strategic Support Team (BOSS) has advised Business owners to disclose in the Beneficial Ownership Information whether any of its Beneficial Owners are Politically Exposed Persons (PEP). Mr. Bekoe said disclosure of their status in the registration details to the Registrar-General’s Department (RGD) would…
Read More »Oil rises 1 percent, hits highest in a year on growth hopes
Oil prices rose about 1% on Friday, after hitting their highest in a year and closing in on $60 a barrel, supported by economic revival hopes and supply curbs by producer group OPEC and its allies. Oil was also supported as U.S. stock markets hit record highs on signs of…
Read More »Coronavirus restrictions: Open air bars can operate – GTA clarifies
The Ghana Tourism Authority, (GTA) will within the next few days carry out enforcement of the COVID-19 restrictions imposed on the hospitality sector. The police would assist the GTA in the joint operation. The restrictions were re-imposed on Sunday in the President’s 23rd address to the nation. In the latest…
Read More »Coronavirus resurgence threatens fiscal stability – BoG warns
The Bank of Ghana (BoG) has said the prospects of the government achieving a faster fiscal deficit reduction have been made more difficult following the recent surge in COVID-19 cases, which requires further unbudgeted expenses. According to the BoG, the fiscal deficit stood at 10.8 percent of GDP as of…
Read More »Government’s digitization agenda makes valid case for KGL Technology
Ghana’s baseline infrastructure such as Real Time Gross Settlement (RTGs), Automated Teller Machines (ATMs), POS Switches coupled with Mobile Money Interoperability is all aimed at achieving the digitization of the Ghanaian economy. This baseline infrastructure improvement is through the Government of Ghana Economic Management Team, the Bank of Ghana, Ghana…
Read More »Economic recovery will be prolonged – BoG
The Bank of Ghana (BoG) has expressed fears that economic recovery from the havoc wreaked by the COVID-19 pandemic will take longer than initially anticipated. It said although economic activities had picked up quite well following a contraction in the second and the third quarter of last year, the resurgence…
Read More »NBSSI and SNV sign MoU to support and create Green Businesses
The National Committee for Small-scale Industries (NBSSI) and SNV Dutch Development Organization signed a memorandum of understanding to support and create green enterprises in Ghana. The agreement under SNV Ghana’s “Promoting Ghana’s Green Employment and Enterprise Opportunities (GrEEn)” project aims to support the local economy’s transition to a green and…
Read More »Japan Motors to assemble Nissan vehicles in Ghana from 2021
Japan Motor Trading Co., Ltd. (JMTC) will begin assembling Nissan cars in Ghana in the first half of 2021. This is the result of an assembly agreement between Nissan Motor and Japanese Motor Corporation, which was announced at a ceremony in Accra on the Ghana’s Automotive Development Agenda. Nissan Minami’s…
Read More »BoG maintains policy rate at 14.5%
The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG) maintained the policy rate at 14.5%. Dr. Ernest Addison, President of the Bank of Ghana, said at the MPC press conference held in Accra on Monday, November 23: “The Committee noted that after the inflation rate rose to 11.4%,…
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