Standard Bank, ICBC celebrate 15-year partnership, sign 5-year renewal to drive Africa-China trade

Parent company of Stanbic Bank Ghana, the Standard Bank Group, and one of the world’s leading banks, the Industrial and Commercial Bank of China (ICBC) have renewed their strategic cooperation partnership for another five years. The partner institutions continue to lead the Africa-China trade and investment markets, jointly providing unequalled expertise and capabilities to individuals …

SMEs must incentivize staff to unlock full potential – Access Bank Board Chair

Ama Bawuah, the Board Chair of Access Bank Ghana, has emphasized the importance of Small and Medium Enterprises (SMEs) incentivizing their staff effectively to unlock their full potential, ultimately benefiting their businesses. Addressing the audience at the Vodafone Business Runway event in Accra, which centred around the theme “Good to Great with Vodafone: Innovate, Comply, …

Ghana now becoming leader in coconut production; ranked 12th globally – GEPA

The Ghana Export Promotion Authority (GEPA) says through various strategic interventions, the country is making significant strides in terms of coconut production and export on the global stage. Dr Afua Asabea Asare, the Chief Executive Officer of GEPA, said currently, Ghana was ranked 12th in world production of coconut and the number one producer in …

Peasant farmers advocate for comprehensive trade policy to achieve food security

As part of a concerted drive to combat food insecurity plaguing the African continent, the Peasant Farmers Association is advocating for a comprehensive trade policy aimed at ensuring a constant food supply throughout the region. This advocacy is in response to alarming findings from the Africa Agriculture Status Report, which reveal that approximately 50 percent …

Starr Assurance introduces the ‘Star Motor Third Party Xtra’

Star Assurance Ltd has launched an innovative product, ‘Star Motor Third Party Xtra,’ aiming to transform third-party motor insurance in Ghana. This groundbreaking offering extends limited coverage to third-party policyholders for damage to their own vehicles, a notable departure from the traditional restrictions of third-party policies.The conventional third-party motor insurance primarily covers liability for damage …

Water shortage to hit parts of Accra; businesses to be affected

Areas and businesses being served by the Kpong Treatment Plant will have an interruption in water supply from Sunday 24th September to Thursday 28th September 2023 to enable engineers of the Ghana Water Company Limited (GWCL) to work on the transmission pipeline. The areas that will be affected by this exercise include Gbetsile, Afienya, Zenu, …

Influx of Chinese tanker trucks will kill local businesses – Kwame Jantuah

Private legal practitioner, Kwame Jantuah, has warned authorities against the consequences of the influx of Chinese tanker trucks in Ghana’s oil downstream space. The legal practitioner wants the influx checked to save local businesses. A letter by the Tanker Owners Union to the National Petroleum Authority (NPA), appealed to the NPA to intervene in the …

B5 Plus is an iconic testament of success of 1D1F initiative – K.T. Hammond

Minister of Trade and Industry, K.T. Hammond, has given the strongest indication that the Government’s flagship 1D1F Initiative is a success story, worthy of emulation by other countries aspiring to decentralize industrial development. Citing the case of B5 Plus Limited, he said the company has taken advantage of the Government’s initiative by investing in a …

Product packaging: 87% of industries in Ghana use plastics despite waste concerns

Data from the Ghana Plastic Association indicate that about 87 per cent of industries in Ghana are heavily using plastic materials for packaging despite the country’s strong commitment to ensure sustainable consumption and production as outlined in Sustainable Development Goal 12. SDG 12.5 seeks to ensure that by 2030 waste generation will be substantially reduced …

GACL wins ‘Best ERM Compliant Institution’ title at IAA’s annual awards

The Ghana Airports Company Limited (GACL) has been named the “Winner” of the “Best Enterprise Risk Management (ERM) Compliant Institution” in the State-Owned Enterprises (SOEs) category at the Internal Audit Agency’s (IAA) Annual Awards ceremony. The award was presented to the GACL at the 2023 Internal Audit Conference held at the University of Professional Studies …