Business News - Periodic Lens

02 Sep

YEA Showcase Electric Taxi Program For Okada Riders

periodiclens.com0 CommentsBusiness News, Featured

The Youth Employment Agency (YEA) is set to introduce an innovative Electric Taxi Program aimed at offering an alternative livelihood for interested Okada riders and other youth in the country. The initiative seeks to transition riders from motorcycles to environmentally friendly electric taxis, providing a safer and more sustainable means of earning a living. Through this program, YEA aims to empower young people by offering them the opportunity to participate in the burgeoning electric vehicle sector, contributing to the country’s green energy goals while creating jobs. The electric taxis will be available to interested individuals, particularly Okada riders looking for…

07 Aug

Inflation Expected To Reach 15% By End Of 2024 – Amin Adam

periodiclens.com0 CommentsBusiness News, Featured

Finance Minister and Member of Parliament for Karaga, Dr. Mohammed Amin Adam, has projected that Ghana’s inflation rate will reach 15% by end of 2024. Speaking during a town hall meeting in Accra, he highlighted that the Akufo-Addo-Bawumia administration’s efforts in managing inflation despite economic challenges, noting that the current government has achieved significant reductions in inflation rates since taking office in 2017. Dr. Amin Adam compared the current inflation rate to that of the previous National Democratic Congress administration, which recorded inflation rates of 17.7% in 2015 and 15.4% in 2016. In contrast, the NPP government, according to him…

07 Aug

Find Innovative Ways To Support Women-Led Businesses – Banks Urged

periodiclens.com0 CommentsBusiness News, Featured

Dr. Kweku Arthur-Annobil, Business Strategy Manager of Business and Commercial Banking at Stanbic Bank Ghana, has urged Ghanaian banks to find innovative ways to support women-led businesses, especially in the face of current economic challenges. Dr. Arthur-Annobil said this during a multi-stakeholder engagement on enabling resilient women-led businesses in Ghana. Speaking on a panel discussion on the subject, he emphasized the crucial role banks must play in supporting women-led businesses. He noted that “Non-Performing Loans (NPL) ratio, which has increased from 15% in early January 2023 to nearly 30%, reflects the lingering effects of the economic difficulties from 2020 and…

07 Aug

Registrar-General Publishes Names Of Registered Professional Bodies In Good Standing

periodiclens.com0 CommentsBusiness News, FeaturedGhana, Registrar-General

The Office of the Registrar-General of Companies has noted that 40 professional bodies are in good standing by filing their taxes as of July 31, 2024. However, 43 professional bodies are not in good standing, 11 are newly registered and 73 professional bodies have no contact numbers to “enable us to contact their Executives to update their records with the ORC.” Four professional bodies have, however, requested to be taken off the register for having gained a Chartered status by an Act of Parliament. “The Office therefore urges ALL Professional Bodies in default to take necessary steps to be in…

07 Aug

Fisherfolks In James Town Experience Bumper Catch

periodiclens.com0 CommentsBusiness NewsBumper Catch, fishing, Jamestown

Fisher folks in James Town, an indigenous Ga fishing town in the city of Accra have been experiencing bumper catch after the ban on artisanal and inshore fleet fishing was lifted last week. The Ministry of Fisheries and Aquaculture Development last week lifted the ban on fishing activities for this year’s close season for artisanal and inshore fleets. The fishing close season, which prevented the fishers from fishing in Ghana’s waters for a month, was introduced by the Ministry and the Fisheries Commission as a measure to replenish the country’s fishery stock which data suggest has been dwindling. The period…

02 Aug

Pres. Akufo-Addo Inagurates GNPC Operational HQ In Takoradi

periodiclens.com0 CommentsBusiness News

Takoradi, Western Region – In a landmark event that signifies a monumental step forward for Ghana’s oil and gas industry, President Nana Addo Dankwa Akufo-Addo officially commissioned the new GNPC Operational Headquarters on Thursday, 1st August. This event not only celebrates the culmination of a project that began four years ago but also underscores the government’s commitment to decentralizing development and ensuring that all regions benefit equitably from the nation’s resources. In his address, President Akufo-Addo reflected on the significance of this new facility, describing it as a fulfillment of a promise he made to the chiefs and people of…

28 Sep

Solar Taxi: Pioneering Electric Vehicle Assembly in Ghana

periodiclens.comBusiness Newselectric vehicles, future of cars

Solar Taxi, a pioneer in electric vehicle assembly in Ghana, welcomes Vice President Dr. Mahamudu Bawumia to explore the future of sustainable and affordable electric mobility in the country. Ghana's green transportation revolution is surely on the rise as Solar Taxi, the country's pioneering electric vehicle assembler, continues to gain recognition for its innovative and sustainable approach to mobility. During a visit to SolarTaxi on September 27, 2023, Vice President Dr. Mahamudu Bawumia lauded the company's efforts and explored the future of electric vehicles (EVs) in Ghana. Solar Taxi has emerged as the third-largest electric vehicle assembler in Africa, specializing…

28 Sep

Ghana – China Trade Sees Further Growth – Ambassador Lu Kun

periodiclens.comBusiness NewsBilateral Trade, Ghana-China

Ghana - China trade reaches a historic high of $10.2 billion, solidifying China's position as Ghana's leading source of foreign investment. Ghana and China are celebrating a significant milestone in their economic relationship, with bilateral trade reaching a record $10.2 billion last year. Ambassador Lu Kun, the Chinese Ambassador to Ghana, made this announcement during a reception commemorating the 74th Anniversary of the founding of the People's Republic of China. China's 74th Anniversary Celebration This remarkable trade volume indicates a 60 percent surge in Ghana's exports to China, solidifying China's position as Ghana's largest partner and a major source of…

09 Sep

Tantalex and Glencore: A Strategic Lithium Collaboration

periodiclens.com0 CommentsBusiness News, General NewsAfrica, Lithium

Securing Glencore’s Backing for Lithium Project Tantalex Resources Corp., a leader in the exploration and development of Lithium, Tantalum, and other minerals in Africa, has recently garnered significant support from Glencore for its lithium project in the Democratic Republic of Congo. This collaboration is projected to be crucial in moving the project forward, considering Glencore’s vast global resources and extensive expertise in the mining sector. Glencore’s Global Impact in Lithium Mining Glencore is one of the most significant globally diversified natural resource companies, being a major producer and marketer of more than 60 commodities. The company’s operations also include around…

29 Aug

Airtel Uganda readies for a historic $216 million IPO

periodiclens.comBusiness NewsAirtel, Business, IPO, Uganda

Airtel Uganda readies for a historic $216 million IPO - Airtel Uganda Ltd., a subsidiary of Airtel Africa Plc, is gearing up for an unprecedented move in Uganda's financial landscape – an initial public offering (IPO) with the goal of raising an impressive 800 billion shillings ($216 million). This historic IPO signifies the largest share sale in Uganda to date, demonstrating Airtel's commitment to engaging the local market and fulfilling regulatory obligations. IPO Details and Strategy Sources report that Airtel Uganda has set the price per share for the IPO at 100 shillings, effectively valuing the telecommunications giant at a…