Business Archives - Page 3 of 41

October 17, 2024October 17, 2024

VRA Senior Staff: Proposed Merger of PURC and Energy Commission Not in Ghana’s Best Interest

The Senior Staff Association of the Volta River Authority has accused the government of deliberate attempts to separate the VRA thermal assets for onward sale to private investors and faceless politicians with its proposed energy bills. The proposed bills seek to

October 15, 2024October 15, 2024

Old Mutual Ghana Hosts Broker Engagement Event To Strengthen Partnerships

On October 4, 2024, Old Mutual Ghana, a leading insurance provider, held a Broker Engagement event at the Airport View Hotel in Accra to appreciate and connect with its stakeholders. This event marked a significant step in the company’s commitment to

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