Fan Milk PLC (Ghana) has taken a significant step towards sustainable job creation within its value chain by supporting 10 street vendors in transitioning to full-time agents. This initiative, named ‘Project Sankofa,’ is part of the company’s corporate social responsibility (CSR) efforts, aiming to rekindle the excitement associated with Fan Milk products over the past … Read more
The creator economy refers to the ecosystem of digital platforms, tools, and monetization methods that enable independent creators to generate income from their content, skills, and creativity. This includes bloggers, YouTubers, podcasters, influencers, artists, writers, and more. Key components of the creator economy include: The creator economy has seen explosive growth, driven by increasing internet … Read more
The stock market saw significant movements in July, with several companies experiencing notable gains while others remained stable or faced declines. Here’s a concise summary of the key performers and trends observed in the equities market. Equity Share Price (GH¢) July Returns Year-to-Date Returns MTN Ghana Ltd 2.34 29.3% 67.1% Total Petroleum Ghana Ltd 12.33 … 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 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
Ghana’s fintech landscape is abuzz with excitement as PullGain, a groundbreaking investment platform, enters the scene, promising to democratize access to investment opportunities and foster financial inclusion. Founded by Anthony Akorful Botchway and Paras Parmar, PullGain aims to address the challenges faced by many Ghanaians in finding reliable investment options. The inspiration behind PullGain stems … Read more
In the latest economic update from Ghana, the nation’s GDP for 2023 surged to GHS 841.6 billion, marking a substantial increase of GHS 227 billion from the previous year’s figures. This significant growth was primarily propelled by the services sector, which contributed a whopping GHS 357.34 billion, constituting 45.6% of the Gross Domestic Product (GDP). … Read more
In an unforeseen turn of events, climatic conditions are dealing a severe blow to the global cocoa industry, catapulting cocoa prices to unprecedented heights. The current market is witnessing cocoa prices surging past $7,300 per metric tonne, a stark contrast to the $2,000/MT to $3,000/MT range observed over the past two decades. El Nino Southern … Read more
As the sun sets on the last trading day of February 2024, the Ghana Stock Exchange (GSE) has recorded a robust performance, underscoring the resilience and growth potential of the country’s financial markets. The GSE, with its two distinct categories of listing – the Main Board and the Ghana Alternative Market (GAX) – has become … Read more
Imagine standing at the threshold of a bustling marketplace, surrounded by opportunities waiting to be seized. That’s precisely the feeling I experienced when I delved into the realm of the Ghana Stock Exchange (GSE) in 2024. As a novice investor, this journey is akin to embarking on a captivating odyssey, filled with twists, turns, and … Read more