Business

A Ghana-based start-up has received $1.5 million from Ebay billionaire Jeff Skoll to support its work in changing Africa’s pharmaceutical industry to make medicines more affordable. MPharma is one of five social businesses to receive awards from the Skoll Foundation at this week’s Skoll World Forum, Britain’s leading event for social enterprise. Pharmacy owners in African countries such as Ghana ...

“Our beloved country, is free forever.” These words, spoken by our first president at the dawn of our independence, have echoed in the hearts of every Ghanaian for the sixty-two years that we have been a free and independent state. As memorable as these words have been, they also beg the emotional and difficult question of what it means to ...

The World-Meets-In-Ghana Investors’ Forum and Executive Dinner Ball is billed to take place in Kumasi, the Ashanti Regional capital, as part of the official programme of the 20th-anniversary celebration of the coronation of the King of Ashanti Kingdom, Otumfuo Osei Tutu II. The Manhyia Palace, which is the seat of the Asantehene, Ministry of Business Development, Ministry of Aviation, Ghana Investment ...

Financial technology firms (fintechs) are best positioned to bridge the gap that would make pensions available to the informal sector. However delivery cost has been a major impediment to undertaken such initiative. In 2018, Ghana’s mobile market comprised about 34.57 million subscribers translating to a penetration rate of 119 percent. In this light, Fintechs in Ghana have called on regulatory bodies ...

The Bank of Ghana will issue upgraded and security-enhanced banknotes into circulation on May 6, 2019. According to a statement issued by the BOG on Monday, April 8, the banknotes will have enhanced security features in line with evolving changes in the technological landscape. The upgraded banknotes will also come with improved durability and machine readability. The new enhanced security features ...

Only two percent of the 250, 000 of Ghanaians who enter the Ghanaian labour market annually, are absorbed in the formal sector, Mr Franklin Owusu Karikari, the Director for Business Support of the National Entrepreneurship Innovative Plan (NEIP) has said. He said the remaining 98 percent relied on the informal sector for jobs, saying, last year alone, the country produced ...

The government has announced a reduction in the benchmark valuation of imports effective Thurday, April 4. The benchmark valuation for general goods has been slashed by 50 per cent whilst that of vehicles has also seen a 30 per cent reduction. This was announced by Vice President Dr Mahamudu Bawumia on Wednesday at the maiden Town Hall Meeting on the economy organised by ...

The New Patriotic Party (NPP) Memeber of Parliament (MP) for Juabeng, Ms Ama Pomaa Boateng, has proposed to Parliament to, as a matter of urgency, pass a law to incorporate cryptocurrency into Ghana’s financial  sector. She said there was an urgent need for members of the house to expand their knowledge and pioneer legislation that would recognise the block-chain technology ...

A number of international consumer goods companies operating across Africa have launched the Africa Plastics Recycling Alliance at the Africa CEO Forum in Kigali, Rwanda. They include Diageo, Unilever, The Coca Cola Company, and Nestlé. This Alliance aims to turn the current challenge of plastic waste in Sub Saharan Africa into an opportunity to create jobs and commercial activity by ...

African Regional Programme Leader of Food and Agricultural Organisation (FAO), Dr Ade Freeman, has said about $40 million is needed to fill the financial gap in the agricultural sector. He said there was a deficit in the sector and until that amount was amassed the sector would continue to lag behind. Dr Freeman said this at a stakeholders’ engagement on ...