NEWS

The President of the Republic, Nana Addo Dankwa Akufo-Addo, has launched a business ideas competition, dubbed the “Presidential Pitch”, aimed at realizing Government’s ambition of helping to unleash an entrepreneurial revolution in the country. According to President Akufo-Addo, the country has not done so well incubating business ideas and developing …

MTN’s App Challenge version 5.O, launched in September 2017 has entered its final stage with the completion of vetting of the various Apps that were submitted for the competition. Out of over 100 projects received after the launch, 48 made it into the second round of auditions. App developers were …

The Financial Intelligence Centre (FIC) is expected to direct MTN on how it could disburse about eleven million cedis (GH¢11,000,000) to customers whose monies have been locked up in the company’s mobile money services. About thirty thousand (30,000) customers have had their monies locked up after being lured into a …

US Secretary of Commerce, Wilbur Ross, will lead a delegation from the President’s Advisory Council on Doing Business in Africa (PAC-DBIA) on a fact-finding mission to Ghana later this month. Under Secretary of Commerce for International Trade, Gilbert Kaplan, will head the delegation on stops in Ethiopia, Kenya and Côte …

Kosmos Energy is partnering Multimedia Group Ltd (MGL) to unearth innovations in agriculture through the Kosmos Innovation Center(KIC) Agritech Challenge. The Agritech Challenge looks out for innovative ideas by young entrepreneurs that provides solutions to challenges in the agriculture sector. Speaking to JoyBusiness after the official signing of the partnership agreement between …

Some 96,904 cross-network mobile money transactions took place in the first month of the launch of mobile money interoperability. The transactions are valued at over ¢8.3 million. These transactions are limited to transfers from mobile money wallet to another, according to a report on the first-month performance of the mobile …

Economist, Prof Cletus Dordunoo has called on the Bank of Ghana(BoG) to use moral suasion to compel banks to reduce their interest rates to appreciable levels. According to him, the measures so far implemented by the Bank of Ghana such as the continuous reduction of the policy rate , and …

The Minister for Business Development, Mohammed Awal, has directed managers of the Skills Development Fund (SDF) to prioritize startups in the disbursement of grants. The directive follows what the Minister describes as the over concentration of the fund managers on medium to large scale businesses. The Skills Development Fund, is …

With virtually six months to the Bank of Ghana’s minimum capital deadline for banks, the Ghana Stock Exchange (GSE) says banks hoping to use Initial Public Offers (IPOs) to recapitalise but are yet to get their documentation ready have missed the opportunity available for capital raising under a public offer. …

The IMF team is in Accra on a staff visit to ascertain the preparedness of the country’s march towards exiting the Fund-supported Program by the end of the year. The IMF staff would want to carry out their own assessments of Ghana’s program implementation so far. They would also want …