Markets are the backbone of the informal sector – President of the Greater Accra Markets Association

Mercy Afrowa Needjan, the President of the Greater Accra Markets Association, has emphasized the pivotal role of Ghana’s markets in fueling agricultural and informal sector growth. In addition to being essential for the country’s economic health, these bustling marketplaces generate substantial revenue for local authorities and the wider economy. Speaking at the 4th Annual National … Read more

GCB Bank Secures Shareholder Approval to Raise GH¢1 Billion in Additional Equity Capital

Shareholders of GCB Bank have voted overwhelmingly to allow the bank to raise up to GH¢1 billion in additional equity capital. This injection of funds will primarily be used to meet regulatory capital adequacy ratio requirements, enhance deal-making capacity, and take advantage of market opportunities. The bank’s Managing Director, Kofi Adomako, expressed gratitude for the … Read more

Ghana’s Cedi Among African Currencies with Worst Spot Returns: Insights and Analysis

In a recent report by Bloomberg, Ghana’s local currency, the Cedi, has been classified among African currencies with the ‘worst spot returns.’ The World Currency Ranker placed the Cedi’s performance at 17th, showing a depreciation of 11.21 percent. The Cedis Against the US Dollar Although the Cedi experienced a loss of about 11.21% against the … Read more

Google’s First West Africa Director, Dr. Juliet Ehimuan, Announces Departure After 12 Years

Dr Juliet Ehimuan

Dr. Juliet Ehimuan, Google’s first Director for West Africa, has recently made a significant announcement. After an illustrious tenure spanning 12 years, Dr. Ehimuan revealed her departure from the company through a heartfelt post on LinkedIn. In her message, she expressed her eagerness to explore broader opportunities within the thriving regional tech landscape. Dr. Juliet … Read more

Zeepay Expands Mobile Money Service to Ivory Coast, Strengthening Presence in Africa

Ghanaian fintech startup Zeepay is expanding its mobile money service to Ivory Coast starting next month. The CEO, Andrew Takyi-Appiah, stated that Zeepay Mobile Money will facilitate remittances for both sending and receiving in the country. This move marks Zeepay’s entry into multiple other countries, including Gambia, Zambia, and Ethiopia. According to Zeepay CEO Andrew … Read more

Ghanaian Man’s Jaw-Dropping Bet Victory Turns Into a Nightmare

Ghanaian man Theophilus Morgan won a bet worth Ghȼ57 million from SafariBet Sports Betting but faced difficulties in claiming his winnings. After filing a complaint with the Gaming Commission and pursuing legal action, Mr. Morgan obtained a favourable default judgment, but SafariBet had already ceased operations, leaving him without his winnings. SafariBet was later suspended … Read more