Business Archives - Page 12 of 50

October 11, 2024October 11, 2024

World Bank Warns of Middle-Income Trap for Developing Nations

The World Bank has released its World Development Report 2024, sounding the alarm for middle-income countries at risk of falling into the “middle-income trap.” Despite significant strides in poverty reduction, only a small fraction of middle-income nations have successfully transitioned to

October 11, 2024October 11, 2024

Jospong Group Partners With Uganda Government To Address Waste Management Challenges

The Ugandan government has entered into a partnership with Ghana’s Jospong Group of Companies (JGC) to tackle the country’s waste management issues. The deal starts with the decommissioning of the 39-acre Kiteezi Landfill in Wakiso District, near Kampala. This landfill will

October 8, 2024October 8, 2024

SMEs Central To Economic Recovery

Finance Minister Dr. Mohammed Amin Adam has highlighted the central role small and medium enterprises (SMEs) play in the nation’s economic recovery. He explained that the private sector, particularly SMEs, has benefitted significantly from government initiatives aimed at promoting entrepreneurship, accessing

October 8, 2024October 8, 2024

GEA Supports 207 MSMEs With GH₵28m

The Ghana Enterprises Agency (GEA) has supported some 270 micro, small and medium-scale enterprises (MSMEs) with a GH₵28,339,752 grant under the Ghana Economic Transformation Programme (GETP) funded by the World Bank. The GETP grant aims to promote growth within the MSMEs

October 8, 2024October 8, 2024

Zuckerberg Surpasses Bezos As World’s Second-Richest Person

Meta co-founder Mark Zuckerberg has officially claimed the title of the world's second-rihest person, surpassing Amazon founder Jeff Bezos following a strong week of trading for Meta shares. As of Friday, Zuckerberg's estimated net worth reached a staggering $205.4 billion, while

October 8, 2024October 8, 2024

Economic Turnaround Driving Companies Back To Ghana – Finance Minister

Finance Minister Dr Mohammed Amin Adam says foreign companies are returning to Ghana due to the country’s economic rebound. He said that just as it was heard of some foreign companies exiting the country due to economic hardship, many had started

October 3, 2024October 3, 2024

Ghana Likely To Pay More For Fuel Due To Israel-Hamas-Hezbollah War – COPEC

The Chamber of Petroleum Consumers (COPEC) has predicted that Ghana could end 2024 with significantly higher fuel prices if tensions in the Middle East continue to escalate and the cedi further depreciates. This warning comes after some Oil Marketing Companies (OMCs)

October 1, 2024September 30, 2024

Tenece CEO Urges Innovation and AI Governance for Tech Success

The Chief Executive Officer of Tenece Group, Kingsley Eze, has stressed the importance of innovation in driving growth and fostering leadership in the technology sector. Speaking at Tenece Ghana’s 10th anniversary, he said businesses could stay ahead of the competition through

September 30, 2024September 30, 2024

New Utility Tariff Hikes Will Worsen Cost Of Living – GUTA

The Ghana Union of Traders Association (GUTA) has questioned the justifications for the recent upward adjustment in water and electricity tariffs stressing that the increment will further reduce the purchasing power of consumers. The Public Utilities Regulatory Commission (PURC) on Saturday,

September 28, 2024September 27, 2024

BoG Launches Gold Coin To Discourage Hoarding Of Dollars

The Bank of Ghana (BoG) has unveiled the Ghana Gold Coin, a new investment initiative aimed at reducing dollar hoarding. As part of the domestic gold programme, this initiative seeks to absorb excess liquidity in the market and strengthen the local