Author Archives: Businessghana

What would be the new brand name for Tigo,Airtel?

airtel

Tigo and Airtel will today officially unveil the name and logo of the new entity following the merger of the two companies. The announcement comes weeks after the official approval by the National Communications Authority (NCA). Information gathered suggests that today’s announcement will also culminate in the human resource plan for the new entity which involves skills assessment of staff ...

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How Africa’s economic growth rides on wireless rails

economic growth

A telecommunications boom is lifting an industry and a continent. In Kenya, hundreds of thousands of people are rising out of poverty as mobile-money services turn subsistence farmers into businesspeople. A similar dynamic drives Ethiopia, the fastest-growing economy in Africa, where the gross domestic product is forecast to climb 8 percent in 2019. Borrowing costs in Ghana plummeted almost 2.5 percentage points during the ...

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Twitter expands character cap to 280

Twitter

Twitter announced on Tuesday 7 November 2017 that the platform would double the limit for tweets from 140 to 280 characters. According to the company, the move has been put in motion to try and draw in more users and boost engagement of the social network. Twitter believes that the new character limit will give users twice the space to ...

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Consumer price inflation falls to 11.6 pct in October

Consumer Price

The annual consumer price inflation fell to 11.6 percent in October from 12.2 percent the previous month on the back of lower transport and health costs, the statistics office said on Wednesday. The major commodity exporter is following a $918 million credit programme with the International Monetary Fund that aims to restore fiscal balance and narrow inflation to 8 percent ...

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ECOWAS ICT ministers reinforce digital access goals

ICT ministers

ICT ministers representing the fifteen member countries that make up the Economic Community of West African States (ECOWAS) have moved a step closer to formal approval of the region’s revised Supplementary Act on Universal Access and Service. This legislation is set to replace the 2007 Supplementary Act, currently in place to underline best practices in ICT and digital access goals ...

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Ghana’s eCommerce to Gather in Accra to Mark 4th Expo

ecommerce expo

Ghana’s burgeoning online business community will once again meet in Accra for the 4th Ghana eCommerce Expo and Conference on 23-24 November 2017, under the theme, “Shaping Ghana’s eCommerce Landscape through Innovation, Regulation and Adoption. Together”. This important annual gathering of leading e-commerce retailers, fintechs, digital payment platforms, telcos, digital banks, Internet Service Providers, mobile app developers, cybersecurity firms and ...

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Education Minister misled Parliament on Mahama’s free education policy – Ablakwa

Ablakwa jabs

Member of Parliament for North Tongu, Samuel Okudzeto Ablakwa says the Education Minister, Dr. Matthew Opoku Prempeh misled Parliament by stating that the previous administration made no allocation for its Progressively Free Education Programme before it exited office. According to the former Deputy Education Minister, “Government released all funds being 12.78 million Ghana Cedis. This covered the period September to ...

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Tullow Oil’s outlook lifted by higher output, oil prices

Tullow Oil

Tullow Oil raised its production targets on Wednesday thanks to higher output from its flagship West African fields as higher crude prices brightened the outlook for the debt-ridden explorer. The London-listed firm also slashed its 2017 spending target by a quarter to $300 million due to lower expenses in East Africa, and reduced its debt to $3.6 billion while increasing ...

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Broadband connections in Africa to double in the next five years- Report

connections

Africa’s mobile internet connections are set to double in the next five years, thanks to affordable smartphones and the roll-out of high-speed networks. A report by research and consulting firm Ovum in London estimates that mobile broadband connections will rise from 419-million at the end of 2017, to 1.07-billion by the end of 2022. “Data connectivity is growing strongly in ...

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2018 budget to improve domestic revenue collection

2018 budget

Finance Minister, Ken Ofori-Atta has stated that the 2018 budget which will be presented in parliament later this month will use innovative ways to improve domestic revenue collection for economic development. This follows calls from the Institute of Fiscal Studies, urging government to use the 2018 budget to improve tax collection by broadening the tax base. Speaking at the 38th ...

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