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Mining, quarrying contribute $3bn to economy

The mining and quarrying sector in 2015 generated over $3.1billion in revenue to the country’s economy. Of this amount a little over $465,000 was returned to Ghana through the Bank of Ghana as mandatory surrender. Mineral revenue returned to the country through commercial banks as voluntary repatriation was a little …

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SA's MTN to sell $729m stake to black investors

South African mobile phone company MTN Group will sell shares worth 9.9 billion rand ($729 million), a 4 percent stake, to black investors to meet government quotas on black ownership. Africa’s biggest telecoms firm said the new black economic empowerment deal would be launched via a public offer next month …

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‘Made in Ghana’ product displayed during EPL matches

Made in Ghana energy drink product, Rush Energy on Saturday took the centre stage of advertising slot at two key English Premiership matches. During the matches between Stoke City vs Manchester City and Leicester City vs Arsenal, the adverts of the product were boldly displayed on the perimeter walls around the …

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Kosmos Energy to invest $100,000 in two start-up companies

Oil exploration firm, Kosmos Energy is set to invest about $100,000 in two start-up companies.  The Jubilee field partner has instituted a programme dubbed “Agric Challenge Contest” under the Kosmos Innovation Centre (KIC) project to invest in young entrepreneurs with special interest agri-business. Two successful start-ups will benefit from a …

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Ghana Home Loans secures $10m deal to build 400 affordable housing units

A $10 million deal between home finance company, Ghana Home Loans (GHL) and the ECOWAS Bank for Investment and Development (EBID) will present individuals the chance to access cheaper loans to build their dream houses.  According to the company, this should enable it to increase the volume of mortgage it …

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StanChart, Bank of Baroda best banks to borrow -BoG

Standard Chartered Bank and Bank of Baroda has emerged as the best place for businesses and Householders to borrow. That’s according to the latest Annual Percentage Rates (APR) and average interest paid on deposits report released by the Bank of Ghana (BoG). The report tracks the true rates charged by 29 commercial banks up May …

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Banks raise interest to attract savers

The average interest paid on deposits in the banking sector have started climbing as banks bid to attract deposits from savers at a time cheap funds have become scarce. The Bank of Ghana in its latest assessment of the interest rate regime in the country has found that the average …

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43 Fidelity Bank managers graduate from Harvard Manage Mentor Program

Dep. MD of Fidelity Bank, Mr. Jim Baiden (middle) posed with the Graduands Fidelity Bank, the largest privately owned indigenous bank in Ghana today has held its maiden graduation ceremony for the Harvard Manage Mentor program. 43 middle managers successfully completed the twelve month program, which is aimed at providing …

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Multimedia Group scoops Most Child Friendly Business Organization award at Ghana Club 100 event

Multimedia Group Limited (MGL) has been adjudged the most Child Friendly Business Organization at the Ghana Club 100 awards held over the weekend. A citation from UNICEF, read by its Country Representative, Susan Namondo Ngongi, acknowledged the tremendous investments MGL has made in the lives of children. “Multimedia Group Limited …

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Dalex CEO wins GEF Best Businessman of the Year award

Chief Executive Officer of Dalex Finance Mr Ken Thompson has won the Business & Financial Times (B&FT) Ghana Economic Forum (GEF) Businessman of the Year 2016 Award. The award is in recognition of his excellent performance in the financial landscape of Ghana. The B&FT GEF maiden Excellence Awards 2016 took …

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