Prime News Ghana

Today's Ghana Business, Banking and Economic news

Kayaye to receive vocational skills training

Thirty vulnerable girls engaged in head porterage (kayaye) in Accra and Kumasi are to benefit from an integrated vocational and life skills training initiative to empower them to earn a sustainable income and take good care of themselves.

Closed season failed; fishermen propose new date

Some fishermen in the Central regional town of Gomoa Nyanyano said the best time for a closed season in Ghana is July-August as they said the closed season had no positive impact on their fishing activities.

Strengthening the Non-Banking Sector: A Shared Responsibility

Strengthening the Non-Banking Sector : On May 31, 2019, the Bank of Ghana (BoG) revoked the licenses of 347 insolvent microfinance companies. This action forms the second phase of the on-going reforms in sanitising the financial sector towards improving operational resilience and confidence in the system.

Fuel prices to go down by 3-5% - IES

The Institute for Energy Security (IES) has predicted that fuel prices in Ghana are likely to drop “within the band of 3% and 5% at the pump.”

Huawei smartphone sales hit amid US curbs

Huawei founder Ren Zhengfei has said international sales of the Chinese telecoms giant's handsets have sunk 40% in the past month as a US-led backlash against the firm intensifies.

Local banks to benefit from €750m EU guarantee

Local banks in the country are set to benefit from a €750 million guarantee from the European Commission, EU under the NASIRA financial programme which uses guarantees to allow local banks to on-lend to underserved entrepreneurs within the European neighbourhood and Sub-Saharan Africa.