Category: Business

Standard Chartered Commits $2 Billion To Power Africa

Standard Chartered Commits $2 Billion To Power Africa

Standard Chartered has committed to financ ing more than US$2 billion in energy projects under the Power Africa Initiative, a five-year partnership between the United States, six African governments and the private sector. The partnership represents a coordinated cross-border effort to build the regulatory, economic and policy foundation in order to double access to power in Sub-Saharan Africa. The governments […]

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Government Has Taken Steps To Protect Oil And Gas Sector

Government Has Taken Steps To Protect Oil And Gas Sector

The government has taken comprehensive steps to ensure that   Ghanaians derive maximum benefit from the oil and gas resources, Mr. Emmanuel Armah Kofi-Buah Minister of Energy and Petroleum, has assured. “We have vowed that Ghana will be different and we are taking bold   steps to ensurethat the oil find becomes a blessing and not a curse,” he added. Mr.Buah was […]

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Create Jobs Through Small-Scale Mining

Create Jobs Through Small-Scale Mining

Pricewaterhouse  Coopers (PwC) has urged the government to tap into opportunities that abound in the small scale mining sector to create employment for Ghanaians. “The large presence of foreigners in Ghana, in recent times, in search of gold, should demonstrate to us that there are significant opportunities the sector can offer,” George Kwatia, PwC Ghana Tax Partner and Mining Leader […]

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Confidence Crisis Hits Mining Iindustry

Confidence Crisis Hits Mining Iindustry

The mining industry has outperformed the broader equity markets over the past 10 years; however, this trend has changed in recent times. “While mining stocks fell slightly in 2012, during the first four months of 2013, mining stocks were hammered, falling nearly 20 per cent,” a new analysis from PricewaterhouseCoopers (PwC) said. According to the report, the industry faces a […]

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ADB Takes Three Awards

ADB Takes Three Awards

The Agricultural Development Bank (ADB) has been crowned with three prestigious awards at the 2012 Ghana Banking Awards which was announced last Saturday. ADB’S steady performance in the year 2012 was topped with the Bank been adjudged winner of three categories: Best Bank — Medium Term Loan Financing, Best Bank- Corporate Social Responsibility and Best Bank — Agricultural Financing. Furthermore, […]

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ETI To Promote Indo-African Trade

ETI To Promote Indo-African Trade

Ecobank Transnational Incorporated is taking steps to increase its participation in the changing parterns of global trade, including south-south economic integration and cooperation. The Pan-African Bank has signed a memorandum of understanding with the ICICI Bank, India’s largest bank, with a view to combining the bank’s expertise and strengthening of ETI’s local expertise to support Indo-African business.

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Ecobank Adjudged Best Bank Of The Year 2012

Ecobank Adjudged Best Bank Of The Year 2012

Ecobank Ghana Limited has been adjudged the Best Bank of the Year 2012 at the 12th Ghana Banking Awards held in Accra at the weekend. The award, most coveted among twenty other categories, was given to the bank with the highest weighted scores for customer survey, corporate social responsibility and financial performance. The feat was Ecobank’s sixth after winning the […]

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Banks Should Intensify Education On E-Transactions

Banks Should Intensify Education On E-Transactions

MR. Seth Terkper, the Minister of Finance and Economic Planning, has urged stakeholders in the banking and financial sector, to intensify their education of customers on the essence of electronic transactions, as a means of achieving a cashless economy. That, he said, would reduce the cost of doing business and enhance the smooth exchange of goods and services in the […]

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Parliamentary Select Committee Calls On GCNet

Parliamentary Select Committee Calls On GCNet

Members of the Parliamentary Select Committee on Communications have paid a working visit to the Ghana Community Network Services (GCNet), as part of its oversight of organisations that operate within the communications sector. The visit was to afford both the old and new members of the Committee, the opportunity to apprise and familiarise themselves with the operations of GCNet, which […]

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Abraaj Group Acquires 100% Stake In Fan Milk

Abraaj Group Acquires 100% Stake In Fan Milk

The Abraaj Group, a leading investor operating in growth markets, yesterday announced its agreement to acquire a 100 per cent stake in Fan Milk International (FMI), West Africa’s market leading manufacturer and distributor of frozen dairy products and juices. Established over 50 years ago, FMI possesses an impressive track-record of organic growth in West Africa where it has become the […]

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