Author Archives: Joshua Amponsem
Belstar Capital, an investment and project finance institution has started a move to purchase a significant number of shares at Unibank as a means to make the bank qualify the new minimum capital policies as stipulated by the Bank of Ghana. The management of Belstar Capital says the bank has agreed to move a sum of Ghc 600 million capitals into Unibank and in view of this, Belstar Capital will sell her shares that are currently at the Agriculture Development Bank (ADB).
The kejetia market project which is meant to construct over 10, 000 ultra modern stores and reconstruct the Kejetia Terminal with a budget totaling $260 million was scheduled to be completed in January next year. However, the Public Relations Officer of the Kumasi Metropolitan Assembly (KMA) Mr. Godwin Okumah Nyame has told Ghana News Agency that the Central Market project will not be ready until July 2018.
The digital currency market is the biggest thing in recent times but seems to be a business reserved for the giant economies of the world. The market value of a bitcoin is well above what most countries; especially those in the global south can participate.
Uber has been launched in many West African countries for over a year now but the issues surrounding the business suggests deep forms of marginalization where drivers have to over work themselves in order to settle their car owners and the company and leave something for their families. In Nigeria, this is not peculiar to Uber drivers alone not also Taxify the only difference is Taxify takes 15% from their drivers while Uber takes 25%.
The Governments is on the way to making Ghana the most suitable environment for business investments in the continent, says Dr. Mahamudu Bawumia, the vice president. At the 1st investment summit of global leaders hosted by the GIPC, the vice president indicated, the Nana Addo led government is adopting strategies that will propel Ghana to become the most attractive business home for investors in Africa within the next few years.
According to Bloomberg, eight (8) out of ten (10) small businesses fail within the first eighteen (18) months of operation. As surprising as this may seem, the figures may even rise in the next decade as millennials keep launching ideas and businesses. Working with over 200 Micro, Small, and Medium Enterprises in an emerging economy, Challenges Ghana – through its business support services programme, International Citizen Service – has noticed that a clear trend which inhibits business growth is Leadership and Management – as opposed to lack of capital. Deficiencies in leadership and management rank highest as the most frequent reasons for businesses to fail. A business that is well managed prospers; one that is not, fails.
A leading Scottish charity has met with Ghana’s High Commissioner in a bid to improve trade between the two countries. Challenges Worldwide, which is based in Edinburgh and runs a business consultancy programme in Ghana, says it is now working with the GHC to further develop business opportunities between Ghana and Scotland.
From October 9th to 11th this year, South Africa will gather gas developers, investors, and technology providers within the natural gas sector to brainstorm the greater role of natural gas in building an energy robust economy to support national development in the country.