Prime News Ghana

Today's Ghana Business, Banking and Economic news

Ghana’s Road Infrastructure Report: a Slap on the Economy

In the pursuit of a vibrant economy: one that provides opportunities for entrepreneurs to test their ideas and transform them into thriving businesses and in effect, create jobs and prosperity for all – having a reliable road infrastructure is no luxury.

World famous yogurt brand, Pinkberry, opens outlet in Ghana

World famous frozen yogurt brand, Pinkberry,  has opened its first outlet in Ghana, in partnership with Golden Peak Investment Capital [GPIC].
 
 

At an event to outdoor the outlet on Thursday, president & CEO of Pinkberry International Aaron Serruya said the company is happy to serve and become a local favorite of the sophisticated community in Ghana, while partnerinpg Golden Peak Investment Capital, who share their values and commitments on exceeding customer expectations day in and day out.
 
 

Pinkberry,  first launched in 2005 in Los Angeles, now has more than 250 shops in over 21 countries.  Products are made with ingredients including nonfat milk and low-fat yogurt to deliver the perfect balance of tart and sweet, resulting in a refreshing, light and crave-able taste with a clean finish.
 

Managing Partner of GPIC, Kobbina Awuah, said the introduction of the Pinkberry products in Ghana signals the country’s strong fundamentals and attractive demographics and they are looking forward to revolutionizing the way Ghanaians think about treats.
 
 

The opening of the first shop in Sub-Saharan Africa at Cantonment in Accra attracted a lot of Ghanaians who experienced the tasty delight of frozen yogurt from Pinkberry.
 
 
Chief Executive Officer of Ghana Investment Promotion Centre, Yofi Grant, noted the opening of the Pinkberry shop in Ghana shows how Ghana is increasingly becoming the investment destination in Africa. He urged foreigner investors to follow the footstep of Pinkberry and invest in the Ghanaian economy.
 
 

The American ambassador to Ghana Robert Jackson who graced the occasion said the opening of the company goes a long way to show the success of the trade relation between Ghana and the U.S.
 
 
He added that the company will bring more jobs, stimulate the development and create more revenue for the country.
Present at the ceremony also, was the Finance Minister Ken-Ofori Atta.
 

  
 

Ghana’s National Entrepreneurship & Innovation Plan

Since 7th January this year, the Ghanaian business community has heard countless rhetoric from the government quarters particularly, the President who continually reiterates his commitment to promoting private sector growth through investment in Ghana’s entrepreneurship and innovation potentials.

Ghanaian Contractors advocate for Payment Right Protection

Perhaps one of its most significant legacy as an administration was its massive spending on infrastructural development and maintenance. However, that modest achievement by the President- John Mahama led government came at a huge cost, particularly for the Ghanaian contractors.

ECG Privatization: what it would mean for the Economy

Over the years, state owned or managed enterprises across Ghana have been sold to private companies for various reasons: the Electricity Company of Ghana – ECG is now the next on the nation’s privatization list.

Inflation rate for June 2017 drops to 12.1%

The Consumer Price Index (Inflation) rate for June 2017 dropped to 12.1percent, down by 0.5 percentage point from the 12.6percent recorded in May 2017. This is the lowest CPI recorded since December 2013.

Kumasi - Paga railway project to be handled by local company

As part of the commitment of the President Nana Akufo - Addo led administration to strengthening local content, government has hinted of its intention to award the Kumasi – Paga railway construction project to a Ghanaian company.

SMEs lament GH¢2m EXIM Bank cash hold-up

The 20 young entrepreneurs who were awarded a grant of up to GH¢100,000 each last year by the Export Import Bank (EXIM) under the Graduate Enterprise Development Initiative (GEDI) Programme, have expressed disappointment in the hold-up of the funds.

GCB plans to takeover NIB

GCB Bank Limited has begun overtures to takeover state-owned lender, the National Investment Bank (NIB), in what could create the biggest bank in the country in asset terms.