Banking & Finance

Performance of Ghanaian Stocks

Equity May Performance 2018 Performance Produce Buying Company Ltd. 25.00% -16.67% Aluworks LTD 12.50% -43.75% PZ Cussons Ghana Ltd 4.76% 120.00% Unilever Ghana Limited 4.32% 37.31% SIC Insurance Company Limited 2.44% 320.00% Guinness Ghana Breweries Ltd. 1.56% 26.21% Republic Bank 1.56% -6.47% Ecobank Ghana Ltd 1.13% 53.03% Benso Oil Palm Plantation Ltd 1.11% 18.79% Ghana Commercial Bank Limited 1.11% 26.34% ...

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Govt. to support entrepreneurs with GH¢30m

The Ministry of Business Development has announced that government, in partnership with the Institute for the Creation and Development of Enterprise (INCYDE) foundation and CASA África, will allocate GH¢530million to train 2000 young entrepreneurs across the country beginning March 2019. The announcement was made at the signing of an Agreement between the ministry and INCYDE foundation of Spain for the ...

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Ghana tops African students in China

There are more than 7,000 Ghanaian students pursuing various degree programmes in Chinese universities, which makes them the largest group of Africans schooling in China. Spread across the 34 provinces of China, these students are pursuing courses ranging from medicine, marine engineering, business administration and various others at both undergraduate and post-graduate levels. China’s President Xi Jinping, who acknowledged this ...

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Ghana GDP Annual Growth Rate( 2015-2018): Ghana’s Economy continues to be Service Base Economy; It should be a great concern to Policy Makers

Ghana’s economy grew 6.8 percent year-on-year in the first quarter of 2018, easing from a 8.1 percent gain in the previous period. It was the weakest expansion since the first quarter of 2017, as the industrial sector and agriculture slowed. On a quarterly basis, the gross domestic product expanded 1.5 percent, slowing from a 2.1 percent growth in the prior ...

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Vodafone makes two senior management appointments

Vodafone Ghana has announced two key Senior Management appointments as it continues to chart a leadership course in innovation and creativity across the Telecommunications landscape. Following its entry into the industry, Vodafone has been at the forefront of a transformational agenda, introducing dynamic products and services for customers and maintaining a key voice in thought-leadership. The appointments are to provide ...

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Equity market post mixed results

Equity market indices posted mixed performances, with the index for the financial sector weighed on by speculative actions, profit talking and heightened uncertainties ahead of the deadline for the new minimum capital requirements for banks. The benchmark index, on the other hand, surged on the back of the price advancement in the heavy capitalised telecommunication stock. At the closing bell ...

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Bank fraud up by 42% in just a year – BoG

Between 2016 and 2017, fraud cases in the banking sector increased by 41.66 per cent from 1,002 cases in 2016 to 1,418 cases in 2017, the Bank of Ghana (BoG) has disclosed. The total value reported for fraud or attempted fraud, according to the BoG amounted approximately to GH¢190.4 million. Of the total value, GH¢160.30 million, representing 84 per cent, ...

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Finance Minister charges GRA to recover GH¢4.4bn from tax defaulters

The Minister of Finance, Mr Ken Ofori-Atta, has asked the Ghana Revenue Authority (GRA) to go all out to enforce tax laws to help recover GH¢4.4 billion from 427 corporate tax defaulters and other entities. He disclosed that companies in the Customs Division of the GRA owed GH¢4 billion while others in the Domestic Tax Revenue Department (DTRD) also had ...

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INFLATION RATES FOR AUG 2018: IMPLICATIONS FOR YOU AND ME

Inflation is generally the increase in the overall prices of goods and services within a region or area. When there is inflation purchasing power reduces. Purchasing power deals with the ability of the financial resources a person has to purchase a certain amount of goods or acquire certain services. Simply put, in times of inflation you cannot buy the same ...

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