Category: Business

An investment fund, InvestCorp Mid-Tier Fund, closed the 2019 year with a yield of 18.29 per cent. This is 3.59 percentage points higher than the 91-Day Treasury Bill yield. The fund’s Assets Under Management (AUM) also grew to GH¢17.23 million within the same period, representing a growth of 23.1 per cent. This was disclosed by...

GCB Bank Limited has partnered Eliho Ghana Ltd. to facilitate the transfer and receipt of funds in the cocoa farming and purchasing ecosystem, using the G-Money platform. The partnership is an outcome of the Bank’s interest in providing financial inclusion for the partially banked and unbanked population of the country and to provide smooth financial...

The Ghana Community Network Service Limited (GCNet) has filed a motion at the Accra High Court (Labour Division) challenging the enforcement of an arbitration award to its workers. The company is seeking the intervention of the court to set aside the award which directed the management to pay a redundancy package of 30 per cent...

AXIS Pensions Trust Limited has rolled out an educative programme on personal finances to help sensitise the public to the rudiments of proper financial management. Dubbed ‘Axis Smart Money Talk,’ the programme features a discussion with an expert on finance and is broadcast virtually on the company’s Facebook page. In a release on the programme,...

Business for Peace Foundation has announced the launch of their Future of Business programme, a new global impact-driven event series focused on accelerating development towards the UN Sustainable Development Goals (SDGs) through investments and entrepreneurship in the Global South. In collaboration with the United Nations Development Programme (UNDP) and International Chamber of Commerce (ICC) the...

Ghana International Bank plc has announced the appointment of Baafuor Ohene Abankwa as Head of Client Coverage for its Africa Business. He will be responsible for managing the African Coverage Team and is tasked with leading the growth into new markets in East and Central Africa whilst ensuring the continuous delivery of value to the...

The government has decided to suspend the launch of the Initial Public Offer (IPO) of the Agyapa Royalties deal on the London Stock Exchange (LSE). The Ministry of Finance has said it does not intend to proceed with the IPO ahead of the results of the corruption risk assessment by the Office of the Special Prosecutor....

The National Board and Small Scale Industries (NBSSI) has been inundated with compliant from businesses seeking assistance to complete their application processes in order to access the stimulus package. In an interview with the Graphic Business on October 3 in Accra, the Public Relations Coordinator of the NBSSI, Mr Kestine Owusu Poku, said the board...

An insurance firm, Hollard Ghana, has announced the addition of general insurance to its partnership with a retail outlet, Melcom Limited, following endorsement by the National Insurance Commission (NIC). Already offering Hollard life insurance products, the addition is to enable Melcom Limited to offer non-life insurance products to its shoppers at convenient Hollard on-the-go booths...

Guinness Ghana has donated prescribed safety tools worth GH₵692,000 to tourist and bar operators to support efforts by the government to curb the spread of the coronavirus disease (COVID-19) in the country. The amount went into veronica bucket distribution and educational posters to drive adherence to the COVID-19 safety protocol among others to keep tourist...