Ghana’s economic landscape in July 2024 shows a mix of growth and challenges across various sectors. Here are the latest economic figures: GDP and Growth Inflation Interest Rates Foreign Exchange Rates External Sector Developments Fiscal and Debt Banking and Financial Sector International Reserves Nominal GDP Bank of Ghana Confidence Surveys Capital Market Performance Ghana’s economy … Read more
Securing funding is a crucial step for many small businesses looking to start, grow, or innovate. Grants can provide the necessary financial boost without the burden of repayment, but finding and qualifying for these grants can be challenging. Here’s a guide to help you navigate the landscape of small business grants and identify where to … Read more
Qualifying for small business grants involves a thorough process of research, preparation, and adherence to specific criteria set by the grant provider. Securing funding through small business grants can provide a significant boost to your entrepreneurial endeavors. However, the process of qualifying for these grants can be intricate and demanding. This guide outlines the steps … Read more
Bankruptcy can often seem like the end of the road for businesses, but some companies have managed to emerge stronger after facing financial turmoil. Here, we explore five major companies that not only recovered from bankruptcy but also redefined their industries. 1. General Motors (GM) Background: In 2009, General Motors, one of America’s automotive giants, … Read more
GCB Bank Limited emerged as the undisputed champion, showcasing a remarkable performance that eclipsed all other contenders. With a staggering 23.0% return in April 2024, GCB Bank reaffirmed its position as a stalwart in the financial sector. Let’s delve into the highlights of April’s stock market movements and examine the factors contributing to GCB Bank’s … Read more
Hey folks! Exciting news for us tech-savvy people in Accra and across Ghana – Starlink has just received approval from Ghana’s National Communications Authority (NCA). If you’ve been following the developments in satellite-based internet technology, you’ll know this is a game-changer for our local tech scene. The approval of Starlink by Ghana’s National Communications Authority … Read more
The financial report for the first quarter of 2024 by Unilever Nigeria Plc reveals significant changes in the company’s foreign exchange revaluation, influenced by the volatile foreign exchange market in Nigeria. Key highlights from the financial report include: Read Also: Ghanaian Stocks November 2023 Insights and Year-End Strategies In summary, Unilever Nigeria Plc navigated the … Read more
The survey conducted by Nairametrics highlights the significant demand for sachet water, commonly known as pure water, in the micro-business sector in Nigeria. Pure water appears to be the fastest-selling commodity across Lagos, Port Harcourt, and Abuja, with shop owners reporting high turnover rates and substantial profit margins. Key findings from the survey include: In … Read more
Curtis W. Brantuo, the Deputy Managing Director of ARB Apex Bank PLC, has expressed optimism about achieving the World Bank’s Financial Sector Development Project (FSDP) goals in collaboration with Rural and Community Banks (RCBs) nationwide. In this post, we’ll delve into the details of the FSDP, the initiatives being implemented by ARB Apex Bank, and … Read more
The Ghanaian government is exploring alternative revenue-generating measures following the abandonment of its value-added tax (VAT) on electricity earlier this year. One of the proposed solutions is to tax the foreign incomes of resident Ghanaians. In this post, we’ll delve into the details, implications, and significance of this proposed tax measure. Details of the Revenue … Read more