Author Archives: Businessghana

73% of Ghanaians working in vulnerable conditions —Report

Vulnerable conditions in Ghana

A report published by the Trades Union Congress (TUC) has revealed that 73% of Ghanaian workers operate under vulnerable conditions. The report also points out that a majority of Ghanaian workers receive less than 2 dollars a day, and do not have any form of pension contributions. Out of the employed population of 11.21 million, 64.3 % who are self-employed ...

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SWINGS OF MASS PSYCHOLOGY IN THE FINANCIAL MARKETS

Karpowership

Humans have been in the business of trading since the dawn of time. It has always been safe trading among ourselves than raiding one another. With time, money has become a medium of exchange, and stocks, bonds, commodities, and currency markets have become the hallmarks of all advanced societies. It took the medieval Italian traveler, Marco Polo fifteen years to ...

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MTN To Limit Foreign Participation In IPO To 5%

MTN mobile money

Telecom giant MTN has revealed it will limit foreign participation in its initial Public offer to five percent. The firm on Tuesday, May 28 launched its Initial Public Offer in a bid to cede 35 percent of its shares to Ghanaians as part of requirement by the NCA. MTN is offering over 4 billion cedis worth of shares at 75 ...

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MTN Is Said to Start $754 Million Ghana Unit IPO Next Week

mtn banking licence

MTN Group Ltd will start selling more than a third of its Ghanaian unit for $754 million next week in an initial public offering that will be 10 times larger than the West African nation’s previous biggest-ever share sale, according to a person familiar with the matter. The offer to raise 3.48 billion cedis of stock will start May 29 and close at ...

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Cashew Development to be established Soon – President

cashew

The Cashew Development Board will by the end of June 2018 be established to regulate the cashew industry, President Nana Addo Dankwa Akufo-Addo has announced. The president said this when he interacted with some traditional rulers in Sunyani to round-off his three-day official visit to the Brong Ahafo Region. He was accompanied by some Ministers of State and Members of ...

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Directors from Capital & UT Bank Collapse would be punished – BOG

Capital bank

The Governor of the Central Bank has disclosed that staff of the Bank who were compromised in the supervision of the collapsed banks such as UT Bank and Capital Bank would face the music. Dr Ernest Addison said like other directors of the aforementioned banks, staff who played a role in the demise of the banks would not be spared. “Don’t be surprised if ...

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#Profiles: Meet the Woman Behind Owusua Holdings

Owusua Holdings

The owner (CEO) of Owusua Holdings is called Efia Owusua Bonsu. She was born in a village called Shama in Kumasi. She holds a Master’s Degree from Florida State University. She is a nurse by profession and manages her own companies. The Company has twenty-seven (27) offices in Ghana and its unparalleled growth attests to its revolutionary strategic management style, ...

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Dr Thomas Mensah to help develop the Silicon City in Nigeria

The International Expert on Technical Innovation, Modern Infrastructure Development and fiber optics pioneer, Dr Thomas Mensah, was invited by Professor Walter Ollor, founder of the Silicon City in Nigeria, as the keynote speaker at the launch of the Silicon City. Speaking at the launch and also the stake holder conference of the Silicon City of Nigeria’s development last month, Dr ...

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Dext Technology invents Science set

Dext Technology LTD, a Ghanaian Tech Startup company committed to innovating solutions to pertinent challenges in Ghana and beyond is the innovator and producer of the new Science set. The Science set, according to the manufacturers, were made to encourage the learning of science enjoyable even outside the laboratory. They added that,“This set was innovated to make students enjoy Science ...

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Make God a priority in your endeavours– Araba Sey

Araba Sey

Araba Sey, Model and Career coach Ghanaian model and graduate from the Kwame Nkrumah University of Science and Technology (KNUST) has advised that the key to opening ones understanding, opportunities, discovering, unlocking potentials and pathway to success is when the individual make God a priority in all their endeavor. According to the past queen of KNUST, no individual can succeed ...

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