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Policymakers manage to restore macro-economic stability in Ghana. Now returning GDP growth to trend is everybody’s concern.....
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The 2010 summit of African heads of state was held in Kampala last month. It was the latest in many summits by African leaders that go back to the founding of the Organization of African Unity ....
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These days when people speak about movies coming out of West Africa, reference is often made to the Nigeria film industry - Nollywood.....
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When President Ellen Johnson Sirleaf - the first and only female president on the continent - took over the leadership of Liberia, the country owed the international community a staggering US$4.9 bill....
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In business circles, it’s always said that it takes more of an attitude than competence to get to the top of the corporate ladder. Impliedly, the key success factor for any business leader is at....
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The successful hosting of the World Cup could pave the way for South Africa to bid to host the 2020 Summer Olympic Games. Amid the euphoria generated by the World Cup, for FIFA gave the country....
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Africa has spent the past few decades battling to reverse its marginalised position in global trade and investment. ....
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Xenophobic attacks have been gathering storm again by late last year despite the authorities turning a blind eye
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The battle for market share amongst banks has never been lightly estimated. ....
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Federal government has directed that the account of Nigerian National Petroleum Corporation (NNPC) be probed and a comprehensive audit of it carried out created panic among the agency’s w....
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The 2010 Nissan Sentra torpedoes the notion that economy cars must have relatively cramped cabins. Full-size adults fit just fine, thanks to the Sentra's tall hatchback roots -- its platform is....
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Chinua Achebe – a name most revered in African, indeed, global arts and literature – assumes a voice that is equally potent and sagacious in this elegant collection of seventeen aut....
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The economic landscape of sub-Saharan Africa has changed dramatically since the mid-1990s, with stagnation giving way to dynamism in a broad swathe of countries.
Aggregat.... |
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Plans to bring Ghana’s gas resources online first are almost a reality with the arrival of FPSO Kwame Nkrumah, probably signalling the dawn of reliable energy supplies.
Th....
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Have you lost money because your local currency depreciated against major currencies? What is your hedging strategy?
....
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Although Africa’s medium- and long-term development challenges remain large and complex, the progress underway is remarkable and undeniable according to a new study from the World Bank&rs....
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Following five consecutive years of double-digit growth the Angolan economy exhibited flat growth in 2009, with authorities putting growth at a rather optimistic estimate of 1.3% as a result of....
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By many indicators, Ghana surpasses most development benchmarks for low-income countries ....
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The saying that ‘crime thrives in an environment of anonymity’ holds true in Nigeria, where government doesn’t have a national identity database of its citizens.
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The newly appointed Director-General of Securities and Ex-change Commission (SEC), Ms Arunma Oteh, has not hidden her intention to bring positive changes to the Nigerian capital market.....
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Having long discovered that foundation of building a successful business rests on fortitude, sincerity and a sense of community ownership, she neither subtracted from nor added anything to that insigh....
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The signs have been there for sometime now that South Africa’s ruling alliance now resembles the metal figure in the Biblical Chaldean King of Babylon Nebuchadnezzar’s dream: the fi....
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The Central Bank of Nigeria (CBN) governor, Sanusi Lamido Sanusi, assumed the leadership of the Nigerian apex bank at a time when much work needed to be done to get the country’s banking sector,....
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What is happening in Zimbabwe is quite difficult to decipher. In the International Monetary Fund’s (IMF) latest Article IV report on the country’s economy, it paints a gloomy picture sugge....
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Understanding financial prosperity by David Oyedepo is a 382-page book which explores scriptural and universal principles for an outstanding dimension of wealth
Dr. David Oyedepo is a Ni....
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In view of the alarm bells being sounded about the threat of Dutch Disease, what options are available to the country?....
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GOVERNMENT'S plan to build the Neckartal Dam near Keetmanshoop at a cost of N$2,4 billion is to start next year, with the design to be completed by October, a consultant has said.....
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Deputy Minister of Energy, Armah Kofi Buah, said government would ensure that companies operating in the oil and gas sector adhered fully to environmental laws governing the sector.....
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There is no gain saying that reducing the costs of transport will make West Africa more competitive in world markets.....
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Gabon, Africa's seventh-biggest oil producer, will create a national petroleum company to own and manage the country's stakes in oil fields, an adviser to President Ali Bongo has said late .....
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Democratic Republic of Congo awarded two of four oil blocks in the east of the country to companies owned by South African President Jacob Zuma’s nephew, nullifying a 2006 agreement for t....
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Tanzania's economy is expected to grow by 6.7 percent in 2011, compared with an estimated 6.2 percent this year as the world economy recovers, the International Monetary Fund said.....
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Egypt's Palm Hills Developments has pushed back a plan to sell 500 million Egyptian pounds ($88 million) in bonds until early 2011, Al-Borsa quoted its chief financial officer as saying.....
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Egypt's oil minister expects its fuel subsidies bill to swell to 72 billion Egyptian pounds in fiscal 2010/11, from 68 billion in 2009/10, and added that the country aimed to restructure the pro....
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When in 1996 Ghanaian reggae artiste Rocky Dawuni burst onto the African music scene, just a handful of people knew he was from Ghana. Even most of his own country-folk thought of him as coming from J....
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It’s a question that has been asked since South Africa won the right to host the World Cup back in 2005 and will probably continue to be asked well after the final whistle to end the tournament ....
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Following five consecutive years of double-digit growth the Angolan economy exhibited flat growth in 2009, with authorities putting growth at a rather optimistic estimate of 1.3% as a result of....
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BMW rolls out a new 7 Series trim for 2010: the 760Li enters the 7 Series lineup in the top position, making it one of the automaker's most prestigious vehicles. It's equipped with an all-new 6....
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Video games are no more child’s play. They are no longer toys preserved for the kids. Now the elderly are competing with young people for space to play video games and companies are cashing in o....
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Understanding financial prosperity by David Oyedepo is a 382-page book which explores scriptural and universal principles for an outstanding dimension of wealth.....
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A new chapter is being opened as far as the relationship between Africa and the World Bank is concerned, and that makes a marked departure from what prevailed from the 1980s to recent times.....
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Zambia is likely to achieve its target of 8 percent inflation by the end of this year, despite higher fuel prices and a planned increase in electricity tariffs, the Bank of Zambia Governor Caleb Funda....
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Namibia's consumer inflation slowed to 5.0 percent year-on-year in April, compared with 5.6 percent in March, said the Central Bureau of Statistics.....
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The government of Lesotho has enacted the Education Act 2010, legalising the right to free and compulsory education. The act is hailed as "a historic landmark for the children of Lesotho" an....
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Senegal depends on oil-fired stations run on imported fuel. The government has promised to invest over US$1billion to boost capacity by 2012 and is looking to pass laws to promote renewable energy suc....
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Senegal is on track to see growth of around four percent next year, but power outages and concerns over governance risk could hold back the speed of recovery, according to a Reuters’ survey.....
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Ivory Coast's Finance Ministry has revised down its economic growth forecasts for 2010 and 2011 by a percentage point each to 3 and 4 percent, respectively, according to an estimate obtained by Reuter....
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Trade between China and Africa continued to register positive growth estimated at US$91 billion last year, despite the negative effect of the global recession a top Chinese official has said.....
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Kenya should avoid relying too heavily on external debt as it seeks to fund its medium-term development plans up to 2012, the International Monetary Fund said.....
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The African Development Bank (AfDB) says it has lent Morocco US$334 million to finance a drinking water supply project.....
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Officials from the European Union and Libya said they were on track to sign their first cooperation pact this year, cementing ties that bring EU countries lucrative trade and help control illegal immi....
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Jacob Zuma has only been President for just over a year, but such has been the drama in his short reign that he feels like he has been around for a decade.....
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Botswana is among the few select sub-Saharan economies expected to expand by more than 5% this year and beyond, on the back of rapidly normalising commodity prices and global trade. ....
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The completely redesigned new XJ offers a seductive mix of striking design and robust performance made possible by Jaguar's aerospace-inspired lightweight aluminum body technology. ....
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Bridging the digital divide has become a cliché of note, yet there is no clear consensus on exactly how millions of people will enjoy their first taste of technology. Here are some of the devic....
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This detailed autobiography by one of the world’s greatest Statesman, Nelson Rolihlahla Mandela, is testimony to the tortuous journey Blacks in South Africa had to traverse to gain political rig....
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The Central Bank of Nigeria (CBN) is set to discard the universal banking license as part of the new reform to enhance the quality of banking services and ensure stability of the financial system in A....
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A little more than a year ago, Zimbabwe had the world's worst modern-day hyperinflation; the national currency was worthless and shops were empty.....
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A wake-up call to intensify focus on export-led growth strategy ....
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GPHA pushes ahead with plans to expand Takoradi Harbour in support of Ghana’s emerging oil and gas industry - but not without some dissenting voices.....
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The oil industry in Nigeria is waiting for a bill that when passed will alter the way oil business is done in the country. ....
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Obesity defined as the storage of excess fat in the body, is a substantial public health problem in both the developed and developing countries....
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For the millions of African football zealots, South Africa will be on the threshold of history in pursuit of an elusive dream.
Since the debacle of Congo DR - formerly Zaire - in....
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Buzz This
Eleven years ago when I told my friends that I was going to build a business, they doubled up with laughter. Once they had finished wiping their eyes, they gave me their reasons f....
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With power deficits hitting many countries in the region and beyond, a number of projects are springing up locally and across frontiers to alleviate the problem which has a devastating effect on devel....
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Databank Limited is celebrating its 20th anniversary this month, recognized by its peers as the Most Respected Company in Ghana. ....
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Despite the challenges currently plaguing the global economy, MFIs have proven their resilience in weathering the growing market pressure and industry fundamentals remain strong ....
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Running a company which is under resourced can keep you awake in the night thinking of how to get by, it even gets worse when you oversee a strategic national resource such as the transmission o....
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Local business to bear cost; if only to press home the need for government to take local enterprise serious.....
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Crude oil production from Cameroon fell by 13 percent last year in a hit to state coffers, in part because piracy off the coast cut investment, the state oil company has said
Output averag....
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It is heartwarming to hear that African governments are now in the driving seat and no longer donors or their development partners. ....
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The establishment of the Zambia Development Agency (ZDA) has facilitated a one-stop shop that has addressed the hitherto high cost of doing business in the country and simplified the processes o....
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Whilst the 2010 FIFA World Cup may be positive for South Africa as a whole, local small and medium enterprises (SMEs) are not expected to benefit from the country hosting the event. With FIFA fiercely....
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Morocco is inviting bids from foreign and domestic investors to lease 21,000 hectares of farmland as part of its farm reform plans, the chief executive officer of the government-run Farming Developmen....
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Mauritius has built much of its successful development record since independence in 1968 on proactive and effective growth strategies. ....
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Africa is expected to post average GDP growth rates of six percent between now and 2015; only second to South Asia, whose average growth rate is expected to be seven percent.
....
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World Bank reports estimate US$9 billion per year (15% of sub-Saharan Africa’s GDP) is needed over the next decade to upgrade the continent’s infrastructure, covering power, transport, irr....
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Africa’s own homegrown Nations’ Cup has been so overpriced that many African countries are suffering to watch their own event. ....
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Sweeping banking reforms in Africa has encouraged a lot of banks to expand beyond their borders.
The global financial and economic crisis presents significant challenges fo.... |
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Across a continent endowed with ample resources to meet all of its energy needs, only one in four people have access to electricity, new figures from the World Bank has shown. ....
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Ghana's Internet Service Providers have struggled over the years to bring Internet access to many homes, but high cost of their operations is crippling their business.....
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Sit-tight chief executive officers (CEOs) of Nigerian banks will have to contend with a new policy by the Central Bank of Nigeria (CBN) stipulating maximum 10-year tenure for them. The policy is part ....
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March 21st marked the historic 20th anniversary of Namibia’s freedom and independence, a day set aside for all Namibians to renew their collective resolve to contribute positively to the s....
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Zambia’s mining sector recorded a marked slowdown in the period 2008 - 09 in the wake of the global economic crisis which led to reduced copper prices coupled with the closure of certain mini.... |
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Concerns about the serious effects of stalled West Africa Gas Pipeline Project are high among investors, governments and consumers, writes Evans Boah-Mensah.....
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PetroSA, South Africa’s national oil company says Government must decide soon whether to go ahead with the construction of a 400 000 barrel a day new oil refinery in the country’s Eastern ....
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Electrical energy producers are asking consumers to pay more for power, but government shilly-shallies.....
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Over the last few years, Africa has benefitted from some significant improvements in infrastructure. Over 50 percent of the continent’s population live in the range of a GSM mobile phone signal ....
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Nigerian - born Chief Executive Officer (CEO), Afrinvest West Africa Limited, Ike Chioke, started his investment banking career in 1991 at Goldman Sachs in New York before moving to Citigroup....
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The European Union Trade Commissioner Karel De Gucht, says the European Partnership Agreements (EPAs) cannot be described as a failure because of the numerous benefits it offers.....
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Sorghum, until recently as 2006, was produced mainly for consumption as food in Ghana. For sorghum farmers of the Upper East, Upper West and Northern Regions as well as the northern parts of Bro....
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Economic Overview
Under the backdrop of economic resilience, the Government has decided to focus on, inter alia, the following principles in 2010:....
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Nigerian youths are entrepreneurial by nature, with a good number of them now making millions of naira from humour. Many of such youths, like Oluwaseyitan Lawrence, a school certificate holder, have o....
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Title: Pretending to be President
Author: Ato Kwamena Dadzie....
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Australia is committed to Africa for the long term. This commitment is based neither on sentiment nor short term expediency but on the mutual economic, social and political interests Australia and Afr....
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A World Bank report indicates that almost US$93billiion is needed to improve Africa’s infrastructure, and almost half of that money is needed to boost the continent’s power supply - showin....
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As Chief Executive of Vodafone Ghana, Mr. David Venn must have a lot on his plate. And the reasons are not far-fetched. Ghana’s market is relatively small - especially with a population of about....
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The 2009 gold production statistics indicate that South Africa has dropped to third place in the table of the world's leading gold producers. Once the world's biggest producer, South Africa saw its go....
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As the world’s great powers scramble to control Africa’s vast untapped energy resources,can African nations hold their own?....
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The continent of Africa is in the grip of democracy and 2010 indicates an interesting epoch for the gradual democratisation of the continent.
....
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Over the last decade many African countries grew on the back of export led growth. The flow of global trade more than doubled since 1990. New industrial and knowledge centers emerged throughout the d....
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The Tanzania Government has short listed five foreign firms one from which will be picked to issue national identity cards. Gotham International Ltd of Tanzania has been picked as the main consultant....
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Tullow Oil, the London-based oil operator, has signed contracts with the Ugandan government allowing it to flare gas with the potential to release huge volumes of greenhouse gases into the atmosphere,....
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Kenya is among three African countries that are eyeing a software developed by the Ethiopian Commodity Exchange (ECX) to market and sell agricultural products through an internet portal.....
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Safaricom, Kenya’s leading mobile phoned service provider braved rising competition in the telecoms sector to post a 6.7% increase in profit after tax to $89.3 million (KSh6.6 billion) for the s....
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The Southern African Development Community (SADC) has one message for Africa. And that is, that they are ready for business. But some still question their commitment as pertains other African member s....
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Zimbabwe business leaders recently noted that they will ask the government to shelve implementing new empowerment regulations compelling foreign-owned firms to cede controlling stake to locals to allo....
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Absa Group Ltd South Africa’s largest retail lender, will continue to look for opportunities in Nigeria although it still hasn’t approached the country’s central bank about its effor....
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Zain, Kuwait’s biggest phone service provider recently noted that it expects a return of as much as $5 billion from selling most of its African operations to Bharti Airtel Ltd. ....
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South Africa is a buzz with activity. Celebrating the anniversary of a true legend. Twenty years ago, Nelson Mandela walked free from Victor Verster prison. On 2 February 1990 Mandela was released her....
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There is no doubt never a dull day in Kenya’s political scene. One minute the grand coalition government is running smoothly. Cooperating. Even surprising many of its.... |
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Ghana Consolidated Diamonds Ltd has gone bust following the depletion of its Akwatia concession, and after years of underinvestment. New proven reserves however, are an investors dream. ....
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The Central Bank of Nigeria (CBN) moderated banking reforms have been throwing up more surprises than initially envisaged by stakeholders since last June when it kicked off to help reposition a number....
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PBC’s 100,000 tonne capacity shea processing plant may just discover Ghana’s second ‘cocoa’; but not without challenges to trample, reports Moses Mozart Dzawu....
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Ghana has always prided itself on its exceptionalism, and in the next few months it will become an oil producer - a commodity which when used properly will propel the country into a middle-income econ....
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Two Zimbabwean ministers in February used two international forums to woo investors for their country’s fledging economy, but what was more telling was the lack of conviction from the ministers ....
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Akinbode Oluwale, an 85-year old pensioner, in 2008 invested his life savings of N10 million in equities. A year later, the octogenarian lost 50 percent of the equities value, followed by another 20 p....
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Professor Kwaku Appiah-Adu has done it again with yet another book on organisational strategy, focusing on market orientation, one of his favourite subjects.....
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Blurb: Countries of the Southern Africa Development Community (SADC) appear to be dodging the implementation of some frameworks of the Free Trade Area (FTA), a grand intra-regional trade liberalizatio....
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Blurb: 2009 recorded the steepest annual percentage decline in new car sales in the history of South Africa’s car industry, slumping 25%, according to industry experts the National Association o....
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Leading Zimbabwean economists claim that the government's Short Term Economic Recovery Programme (STERP II) document may not be as realistic as assumed previously. ....
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South Africa's business confidence index fell in December on concerns that an economic recovery from a recession will be weak, the South African Chamber of Commerce and Industry (SACCI) noted recently....
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December 2009 saw an increase in house prices in South Africa, Africa’s biggest economy. The prices rose for a second month as the economy returned to growth, according to First National Bank, t....
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Heading: Could ANC be searching for state solutions with new slant towards ‘free market’? ....
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Rather than show signs of recovery like several other stock markets around the world, the Nigerian Stock market has maintained a steady decline.....
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In Nigeria the citizens know what to expect at any point in time. They can ask for quality education, good roads and quality health care - but not for constant power supply. Major cities in the countr....
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Government intends to increase royalties paid by mining companies to boost its revenue from the extractive sector; operators however think it is a lazy option.....
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“Africa is the next frontier in global businesses”....
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In September Tiger Woods became the first athlete to earn US$1billion in a career, according to Forbes. Though his winnings on the golf course have netted him tens of millions of dollars a ye....
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Under neoimperialism, the flag stays home, while the dollar goes everywhere—frequently assisted by the sword (Michael Parenti)....
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Nigeria’s Internet sector has been hindered by the country’s underdeveloped and unreliable fixed-line infrastructure, but this is changing as competition intensifies and new technologies a....
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Negotiations on the Doha Round open again this year. If the going gets tough, Africa must remain the tough that gets going, ....
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Plans to deregulate the downstream sector of the oil industry in Nigeria have been put on hold for the past six months.....
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After nearly a decade of strong economic growth, developments in the global economy have had their effects on the forward march of most Africa economy.....
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Local bond markets have experienced a significant rally year-to-date ....
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The Accra-Tema Motorway is fast deteriorating, becoming a death trap with high traffic growth and encroachment of right-of-way; and unless serious efforts are made by the Government to save this vital....
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Despite the bleak picture that has been painted of Africa, by and large its people are upbeat about the prospects for this resource-rich continent becoming the next economic super-power. ....
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The International Telecommunication Union (ITU) will withdraw all protection to Ghana’s analogue TV stations if the country fails to switch over from analogue to digital terrestrial broadcasting....
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Ghana may be the only country, apart from Senegal, along the entire stretch of Africa's Atlantic coastline capable of cashing in on West Africa's multi-billion dollar salt market. But the country's an....
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After over a decade of implementing the divestiture programme, the stated objectives of the Divestiture Implementation Committee have generally been met. Today, the transfer of enterprises to the priv....
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Over 500,000 Nigerians are now leveraging on the power of the Internet, unarguably the biggest marketplace ever in the world, to lift themselves out of poverty.....
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Expectations are high both in Ghana and among the country’s development partners that by the end of 2010 the country will have made a smooth transition to the ranks of successful oil producing c....
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Microfinance banks in Nigeria have failed to invest their funds in order to generate more returns for stakeholders, and as a result are facing a plethora of problems.....
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As a former Risk Control Officer and a former Managing Director of First Bank of Nigeria, Lamido Sanusi, Governor of Central Bank of Nigeria assumed leadership of the Apex Bank in June 2009, he was di....
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It is no fluke that Guaranty Trust Bank Ghana is moving up the industry ladder within a period of three years since it began operations.....
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Fierce competition in the pricing of international bandwidth services is looming in Ghana’s internet service industry as four major companies are set to land their submarine cable systems into a....
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A new contract with a Canadian firm to harvest the submerged forests of the Volta Lake may be the quintessential model for the West to counter the Chinese onslaught on Africa.....
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A factory to process Sunflower into bio-diesel has been inaugurated at Ghana’s port city of Tema. The 217,000 US dollar facility can process four metric tonnes of sunflower grains daily while th....
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Summerpride Foods, South Africa’s only pineapple processing plant
and the country’s largest commercial pineapple grower, expects production of the fruit to decline by around a fifth n....
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Hopes for improved power supply in the country have been rekindled as Shell Petroleum Development Company (SPDC), operator of the $1.3billion Afam V1 Power Station in the Okoloma Community of Oyibo Lo....
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Demand for home loans is growing defying a general slump in the economy. This is an indication that the slowdown has not uniformly affected all sectors of the East African economy. As a result, Housin....
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The Tanzania government is seeking to enter into a public private partnership with a firm or consortium to exploit oil marketing trade together. Applicants have been given until December 10, 2009 to s....
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GOVERNMENT will soon pass an amended bill on the extension of trading hours to stimulate economic growth. Minister of Commerce, Trade and Industry, Felix Mutati said in an interview in Lusaka that the....
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Government has finally responded to calls for the empowerment of citizen entrepreneurs as it will soon bypass the tendering process and procure from local companies provided their prices are competiti....
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One of President Abdoulaye Wade's several great pan-African projects which the ageing Senegalese leader had wanted to meet the December 2009 deadline has turned out a fiasco, chiefly due to inadequate....
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Government is in negotiations with a Chinese and British company for a GHc500 million loan facilities to build new water-plants to cater for the shortfall of 80 million gallons of water per day in Acc....
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Ghana’s full season 2008/09 cocoa harvest hit 710,638 tonnes, marking a 4.5% rise over the previous season and the third best performance since 1965. The output also far exceeds the government&r....
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New car and commercial vehicle sales are starting to show signs of bottoming out, the National Association of Automobile Manufacturers of South Africa (NAAMSA) said in its latest quarterly review of b....
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The movement of people and goods from Uganda to Rwanda is to be facilitated 24 hours a day starting April next year, the two neighbouring states have agreed. The development comes following growing tr....
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Tough times now await oil thieves in Nigeria as governors of the 36 states of the federation recently called for a legislation to check the act, stating that those caught in the economic crime would h....
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Member-states of ECOWAS are divided over the signing en block of a trade framework called the Economic Partnership Agreement (EPA) with the European Union. The EPA is awaiting ratifi cation but debate....
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The challenging business environment in Nigeria exacerbated by the recent turmoil in banking industry is likely to force many companies across various sectors to downsize their workforce in order to r....
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Still exploring all avenues in a bid to reduce their debt profile and escape sanctions from regulatory authorities, banks have turned the heat on the federal lawmakers who benefited from margin loans ....
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The crimes that South Africans fear the most - attacks at their homes, places of work and in their cars - have substantially increased, national crime figures released by Police Minister, Nathi Mtheth....
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The economy has lost almost 200000 formal sector jobs as a result of the recession which held sway over the past year. So far, the state has proven to be the only source of employment growth as jobs h....
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Movement of goods to landlocked East African countries is set to improve if plans to upgrade Tanzania’s ports succeed. The Tanzania Ports Authority (TPA) will renovate and expand five ports on t....
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The East African Monetary Union (EAMU) to be introduced by 2012 has all the makings that will pattern it along the lines of the Euro monetary union.....
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Uganda's formal merchandise exports grew from $1.3 billion in 2007 to $1.7 billion in 2008, the Uganda Exports Promotion Board (UEPB) has said. This represents a 29% increase....
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Last month, Kenya Railways Corporation (KRC) advertised a tender for a standard gauge line to run from the coastal city of Mombasa to Malaba on the border with Uganda. ....
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The African Development Bank (AfDB) has approved $162 million for the implementation of a regional power project. ....
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Cote d'Ivoire's belated presidential election has suffered another significant setback with the failure last month by the Independent Electoral Commission to publish a provisional voter register.....
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President Yoweri Museveni and his Senegalese counterpart Abdoulaye Wade last month signed a partnership deal with UNAIDS and several non-governmental organizations in New York to eliminate HIV mother-....
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A Nigerian firm, Phase3, the provider of transmission and IP services using the aerial fibre optic transmission, has signed an agreement with the Republic of Benin to extend fibre optic cable network ....
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A bull market is back at Cedi House and equity investors can now breathe a long-awaited sigh of relief.....
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This year will go down in history as one of the most challenging for business. Companies around the world had to deal with the effects of the financial crisis that started in the US and spread across ....
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A new cheque clearing system has been introduced in Ghana that aims to make payments by cheque more convenient and thus reduce cash transactions. ....
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In recent times, while some Nigerian banks are encountering stormy weather, their Ghanaian associates have been enjoying a sea of calm. ....
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Odion Makinde has been working with the Nigerian Postal Service for the past 20 years. Within that period, he realized that dividend warrants were among the numerous documents for delivery that receiv....
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A new three-tier pension scheme is replacing the predominantly state-run old system. Ghanaians are about to experience a major change in something which is very integral, or at least should b....
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Ghana’s life insurance sector is evolving very fast following the coming into effect of the new insurance law that separated general insurance from life business last year. As Accra hosts th....
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Testing whether or not a product, person, country (or anything for that matter) is a brand is easy, according to brand expert Ben Mkenwa of MMBrands, Kenya. “Ask any person on the street to n....
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The Private Enterprise Foundation (PEF) has concluded the draft of a National Agricultural Fund Bill for the nation.....
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The Ghana banking industry has long been opened to foreign participation. But how will new ones such as Access Bank weather the storm and compete effectively without opening itself to reckless len....
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The origin of Tema Development Corporation (TDC) dates from the early 1950s when the Gold Coast government and later the government of the new independent state, Ghana, acquired some 63 square mil....
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The dismissal of five Nigerian banks’ managing directors last month has spurred fears in the insurance industry. These fears are driven, not only by affiliation, but principally by operational i....
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South Africa has launched human trials of the first African-produced HIV vaccine as scientists seek new approaches to battle AIDS in the world's worst-affected country.....
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The world’s first solar charged phone was unveiled in Kenya last month by telecommunications provider Safaricom. Officials said the innovation is in line with the company’s policy of going....
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Kenya Ports Authority (KPA) has announced that charges amounting to between US$75 and US$110 will be scrapped from containers going through Mombasa Port by October 1 this year.....
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The Governor of Zimbabwe’s Central Bank, Gideon Gono, last month proposed the introduction of a gold-backed local currency, which was destroyed by hyper-inflation and replaced by multiple foreig....
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It is said that a healthy mind lives in a healthy body. A healthy body enhances productivity and enhanced productivity creates wealth. The greatest enemy to good health is disease, which may affect a....
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Consumers' crave for cheaper call tariffs must push regulators to liberalize the commercialization of Voice over Internet Protocol, writes Evans Boah-Mensah.....
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It is often said that nations blessed with vast natural resources are cursed. Everywhere you look, there seems to be vast evidence of this, especially in Africa, Asia and South America. But I truly be....
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Clothing in Ghana, as elsewhere, has long served more than one purpose. In addition to satisfying human needs of covering and adornment, clothing and especially textiles, now more than ever before, pr....
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Mrs. Clintons’ seven-nation African tour ended with her visit to Liberia and then Cape Verde last month. Her visit to the continent followed one embarked upon a month earlier by US President, Ba....
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When the Ghana Export Promotion Council was set up in the late 1970s its relevance was certainly not in doubt. This was because at the time, many an economist agreed that a mono-crop economy like Ghan....
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Millicom Ghana Limited (MGL), operators of TIGO brand communication network has officially commissioned its new corporate head office in Accra.....
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This month, Ghana is hosting this year’s World Tourism Day, which incidentally marks the 30th anniversary of the Day. Being one of the first member states of the UN World Tourism Organizatio....
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Timeline for the issue and use of the new ECOWAS passport has been changed severally. Of the 15 ECOWAS member states, only five (Nigeria, Senegal, Mali, Guinea and Benin) have so far adopted and are u....
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Ghana's internet sector faces stiffer challenge to redeem its image as the strongest telecom savvy country on the continent after losing hold of its number-one position, writes Evans Boah-Mensah.....
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“Waves are not measured in feet and inches, they are measured in increments of fear.” Buzzy Trent. Leaders talking with leaders across three continents in January and Febr....
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Ghana's microfinance institutions have found a way of engaging the country’s informal economy and the resulting lucrative business could slip through their fingers as it attracts attention f....
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The world’s most powerful nations are battling for turf in the supply direction of the Gulf of Guinea’s vast energy resources, stretching from Liberia to Gabon. The Gulf of Guinea is the w....
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For two days in July, while American President, Barack Obama was visiting, Ghana was the cynosure of attention all around with the world. Even more importantly, Ghana was presented to the world as a m....
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Barely two months after assuming office, new governor of the Central Bank of Nigeria, Lamido Sanusi, has started feeling the period of blissful harmony that comes with a new office, wearing off, r....
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Ghana stands to rake in extra hundreds of millions of dollars in revenue, provided it is able to revamp its salt industry, to supply the expected one million metric tons (mt) to be required annually b....
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After years of paying too much for much too little, things are finally looking up for Ghanaian mobile phone users, writes Evans Boah-Mensah.....
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Nearly two decades into its existence the Ghana Stock Exchange (GSE) is taking steps to modernize its operations. The GSE just completed automating its trading system which also brought on board elec....
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With over 200 industries across the country already comatose, the Federal Government announced last month it is proposing a N500 billion comprehensive industrial fund as economic stimulus to revive th....
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The Federal Government last month said United States President, Barack Obama, has given his words that he would soon visit Nigeria.....
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Africa’s biggest bank by assets sees “huge interest” in the continent from China and hopes to capitalise on its partnership with Industrial and Commercial Bank of China (ICBC), which....
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Botswana Trade and Industry Minister Daniel Moroka has refuted claims by South Africa that border controls would have to be put up between it and three members of the Southern African Customs Union (S....
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Ghana and Nigeria have set up a joint committee to resolve the problems arising from the demand by Ghana that Nigerian businesses pay US$300,000 as operate license.....
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Kenya Tourist Board (KTB) has launched an aggressive marketing campaign to woo the Japanese as part of its global marketing initiative ahead of the high season....
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Tears were said to have freely streamed down the smooth cheeks of Michelle Obama following what appeared to be a confrontation with her past. Her ancestors were slaves shipped from West Africa and Mic....
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Does it make commercial sense to introduce 3.5G technology when mobile phone subscribers cannot simply connect, won't connect? asks Evans BOAH-MENSAH....
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Nigeria once had one of the finest and most vibrant textile industries in the world. At its peak in the 1980s, the industry provided about 500,000 direct jobs with well over 250 functional factories s....
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IT executives surveyed say that they are now helping to shape business strategy, but need to improve their ability to tap innovation. This innovation will ultimately lead in aligning business objectiv....
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Ghana-United States relations have generally been friendly since Ghana's independence, except for a period of strained relations during the later years of the the country's first president Kwame Nkrum....
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FirstRand, South Africa's second-biggest bank is planning to expand its operations to Nigeria as part of strategies targetted at reaping from the current global crisis.....
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The Nigerian government has approved N114 billion (US$76.250 million) for the purchase of 25 C25 EMPD diesel-powered locomotives for the moribund Nigeria Railway Corporation (NRC) in preparation for g....
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Highly placed government sources have disclosed that Kosmos Energy will be compelled to offload its stake in the Ghana's Jubilee Field and other stakes in the West Cape Three Points and Tano Deepwater....
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A cashless society in Ghana is gradually being introduced. Products on the market include mobile money transfer, text and pay, cashless mobile phone top-up service, credit cards and, newest of all, th....
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Growth and development are two different concepts. Because many times they are used together, the difference is sublimed. Empirically, there can be growth without development, but development is a....
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Ghana will soon be catapulted into being a major oil producer; but a fault-line emerges between government and the private sector over the extent of local participation. ....
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Intercontinental Bank Ghana has a new insurance sibling which hopes to leverage its relationship with the bank. This will be easier said than done.....
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The advent of credit reference bureau can be expected to improve bank lending decisions. With bad debts on the rise, this will do them a lot of good.....
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China is making concerted efforts to accelerate Africa’s development. But as aid levels rise, so does controversy as to the overall effect.....
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George Iteme, managing director, Oceanlife International Limited, an importer of electronics from South Korea into Nigeria, is in dire straits. His six-foot container shipped through the Lagos port is....
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"We shall measure our progress by the improvement in the health of our people, the welfare of our people is our chief pride and is by this that my government will ask to be judged" Dr Kwame....
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A normal yield curve in Ghana’s developing financial markets can only be sustained when the country solves its trade deficit, terms of trade, and demand-supply conditions, writes Moses Mozar....
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Subscribers to the Global System of Mobile, GSM, in Nigeria wake up every morning with great expectations. Everyone in this category hopes to win one of the several bonanzas being peddled by MTN Niger....
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Deteriorating lending conditions, increasing defaults and rising yields on government securities are combining to persuade Ghana’s banks to cut back on new lending.....
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Ghana's return to constitutional democracy in 1992 and its success at sustaining it for the past 17 years - in a region where political disruptions are common - has no doubt made the country a favorit....
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After President Barack Obama's historic victory at the polls and subsequent inauguration as the first African-American president of the United States of America, everyone, especially those of us in Af....
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Is it fair to say Dr. Kofi Amoah is a man of many parts or with all apologies to the old parlance, a Jack of all trades? The man has tried his hands on a number of projects, and interestingly he has....
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Ghana is the first sub-Saharan African country US president Barack Obama is visiting. Your Excellency, what in your opinion influenced his decision to come to Ghana first?....
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Cyber-crime, otherwise known as online fraud, is taking a new dimension in Nigeria. The scammers are stepping up their game through more ingenious means in order to rob gullible and unsuspecting victi....
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