Author Archives: Businessghana

Ebenezer Twum Asante Appointed as Independent Non-Executive Director of StanChart Bank

Ebenezer Twum

The Management of Standard Chartered Bank Ghana Limited has announced the appointed Mr. Ebenezer Twum Asante as an Independent Non-Executive Director of the Bank effective 2nd May, 2019. Mr Twum Asante has over fifteen years progressive and diversified experience in leadership as an accomplished Senior Executive and Strategic Leader. A statement issued in Accra by Madam Asiedua Addae, Head, Corporate ...

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EntreLeader of the Month: Selorm Adadevoh

Selorm Adadevoh

NAME: Selorm Adadevoh DESCENT: Ghanaian POSITION:  Chief Executive Officer (CEO) COMPANY:  MTN Ghana. INDUSTRY: Telecommunications EDUCATION: –  He attended the Wharton School, the University of Pennsylvania and Kwame Nkrumah University of Science and Technology. BACKGROUND:  He was the CEO of Digicel in Haiti and also worked as Chief Commercial Officer and head of Mobile Financial Services (MFS) for Millicom (Tigo) Ghana.

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Prez charges GREDA to provide 20,000 houses per annum

Nana-Akufo-Addo

President Nana Addo Dankwa Akufo-Addo has thrown a major challenge to the Ghana Real Estate Developers Association (GREDA) to provide at least 20,000 housing units per annum to help reduce the growing housing deficit. In a meeting between GREDA and the president at Flagstaff House, where the association asked the president for incentives to aid their businesses build 5,000 affordable ...

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SEC’s ‘high-return investments carry high risks’ argument rubbished

Nana Bonsu

Caution by the Securities and Exchanges Commission (SEC) to investors about high return investments has been described as unsound by the head of an institution that champions private sector development. Chief Executive Officer of the Private Enterprise Federation (PEF), Nana Osei Bonsu, has said on theBusiness Edition of PM Express on Thursday that caution from SEC suggests admittance that the regulator has failed in ...

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Drop in Ghana’s cocoa production hasn’t affected global forecast – ICCO

Cocoa Production

A drop in Ghana’s cocoa production has not dented the International Cocoa Organization’s (ICCO) forecast for global output of 4.8 million tonnes for 2018/19, Executive Director Michel Arrion said. Ghana previously forecast production of 900,000 tonnes, the same as the previous season, but has revised that down to about 850,000 tonnes because of swollen shoot disease and a lack of ...

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Ghana’s economy to grow by 6.5% – not 7.6% – in 2019 – EIU

The Economist Intelligence Unit (EIU) has said, with consumer demand remaining robust during the year, helped by the lower cost of credit, it projects Ghana’s GDP to reach 6.5% in 2019. This projection is about 1.1% less than the government has projected to grow the GDP this year. The 2019 Budget presented by the Finance Minister, Ken Ofori Atta, proposes ...

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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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