Author Archives: Businessghana

Hacklab Foundation Partners Stanbic Bank, Vodafone for 2019 BlockChain Hackathon

hacklab foundation

Hacklab Foundation picks a theme based on trending discussions/issues in technology that need addressing from grassroots engagement as they are the relevant stakeholders to every high-level decision made at the government and corporate level. This year they will be discussing and developing solutions using blockchain technology. The largest annual hackathon will be held in April Friday, 19th – Saturday, 21st, ...

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Africa Digital Awards, Ghana 2019 edition Launched

Africa Digital Awards, Ghana

The 2019 Ghana edition of Africa Digital Awards was launched on Friday, March 8, 2019, in collaboration with Stanbic Bank’s Business Incubator at the Stanbic Heights in Accra. The Awards that comes with a Digital Summit and a corporate e-sports event among other activities seek to celebrate and recognize digital players in Ghana that are leveraging on digital innovations and ...

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Inflation drops to 6-yr low

Consumer Price

The general prices of goods and services in the country fell by 0.4 percentage points to 9 percent, the lowest ever recorded since January 2013 when the rate hit 8.8 percent – making a strong case for the Bank of Ghana to further cut its policy rate. The fall, according to the statistical service, can be attributed to a decline ...

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Telcos threaten court action over costly fibre cuts

Mobile telecom operators have said they will take legal action against those who destroy their underground cables and disrupt communication services, leading to revenue losses and costly repair works. Road works and other forms of construction work by property developers, farming activities, utility providers often lead to the digging up and destruction of fibre cables buried underground. According to industry ...

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More local investors show interest in economy

GIPC - local investors

In spite of capital formation challenges, more home-grown investors are taking up investment opportunities in the economy, the Ghana Investment Promotion Centre (GIPC) has said. GIPC, the agency entrusted with making the country sellable, said lately it has seen a rise in the number of Ghanaians knocking at its door for opportunities. It said indigenous investors, just like foreign ones, ...

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Strong rural banks should capitalise on banking reforms— Dr Toni Aubynn

Dr Toni Aubynn

The Board Chairman of Amenfiman Rural Bank, Dr Toni Aubynn, has suggested that the strong rural banks, should capitalise on the opportunities that have been created following the reforms in the banking sector. Dr Aubynn observed, for instance, that the Amenfiman Rural Bank continued in that regard to explore the chances that had been created, complemented by its innovation in ...

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MTN Planning to Sell Shares in Jumia after IPO

Jumia

African online retailer Jumia is planning an initial public offering in New York this year that could value the business at about $1.5 billion, according to people familiar with the matter. Jumia’s largest shareholder MTN Group Ltd. is planning to raise as much as $600 million from selling its shares through the IPO, said one of the people, who asked not to ...

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THE 23RD INTERNATIONAL TRADE FAIR IS FEBRUARY 28- MARCH 11

The 23RD Ghana International Trade Fair is scheduled to take place at the Trade Fair Centre La Accra from February 28, through to 11th March 2019. The fair which has it’ s theme ‘Made in Ghana, Globally Accepted,’  has the trade Expo under the auspices of the ministry of Trade and  Industry and partnered by Ministry of Business Development, Ghana ...

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GLOBAL FOREX AND STOCK INDEX ANALYSIS AND FORECAST 2019

2018 was a good year in the financial markets with many investors recording two to three digits annual percentage returns on various portfolio investments with diverse asset classes. The year was favourable for many asset classes – particularly the US dollar, as we saw the dollar appreciate massively against its major trading currencies for the greater part of theyear. The ...

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