5 Must-Read GhanaWeb Business News Headlines of the Week
Keeping abreast of the latest business news is essential for anyone looking to make informed decisions in Ghana’s rapidly changing economy. GhanaWeb is one of the best sources of information when it comes to business news in Ghana. Here are the top five must-read GhanaWeb business news headlines of the week that will keep you informed and up-to-date.
1. Government Rolls Out GH¢2bn Guarantee Scheme for SMEs
Small and medium-sized enterprises (SMEs) in Ghana make up a significant portion of the country’s economy, but accessing finance can be a challenge. The government’s GH¢2bn guarantee scheme aims to make financing more accessible by providing collateral for SMEs that need loans. This scheme could be a game-changer for small businesses in Ghana.
2. Ecobank Ghana Reports 17% Increase in Profit in Q1 2021
Ecobank Ghana is one of the largest banks in the country, and it recently reported a 17% increase in profit for the first quarter of 2021. This growth is partly due to the bank’s focus on digitization and innovation, which has allowed it to better serve its customers. This news is a positive sign for the banking sector in Ghana and shows that the industry is weathering the challenges posed by the pandemic.
3. Ghana Begins Refurbishment of Tema Oil Refinery
The Tema Oil Refinery is a critical asset for Ghana’s energy sector, but it has been underperforming, leading to fuel shortages in the country. However, things are set to change as work has begun on a $500m refurbishment project. This project will help to increase the refinery’s capacity and improve its efficiency, leading to better access to fuel for Ghanaians.
4. MTN Ghana Launches Fibre Broadband Service in Kumasi
MTN is one of Ghana’s leading telecommunications companies, and it recently launched a fibre broadband service in Kumasi. This new service offers faster internet speeds and more reliable connections compared to traditional broadband services. This is excellent news for individuals and businesses in Kumasi that rely on the internet for work and entertainment.
5. Ghana to Export Bananas in June 2021
Ghana is set to export bananas for the first time in June 2021. This move is part of the government’s plans to diversify the country’s agricultural sector and reduce its reliance on traditional crops such as cocoa. The export of bananas could be an excellent opportunity for farmers in Ghana to increase their income and contribute to the country’s economic growth.
In conclusion, staying up-to-date with Ghana’s business news is essential for anyone looking to make informed decisions. The five must-read GhanaWeb business news headlines of the week highlighted above provide insights into the country’s economy and the latest developments in various sectors. Whether you are a small business owner, an investor, or someone interested in Ghana’s economic development, keeping tabs on these headlines will keep you informed.
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