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Losses by SOEs down by 9 million – SIGA

The State Interest and Governance Authority (SIGA) says it has reduced losses made by State Owned Enterprises (SOEs) by nine million Ghana Cedis for the 2023 financial year.

The amount represents an 83.13 per cent reduction from a previous net loss …

Somali Region of Ethiopia Making Strides in Rice Production

Addis Ababa: The Somali Region of Ethiopia is making significant strides in rice production, marking a pivotal shift from import dependence to local cultivation, Somali Regional State President, Mustefa Mohammed.

This rice production initiative is pa…

Savannah region highest on 2024 regional entrepreneurship index

Accra: The Savannah region has emerged as the latest region with the ‘moderately free’ environment for businesses and entrepreneurial activities in the country.

The Africa Centre for Entrepreneurship and Youth Empowerment (ACEYE), a policy think-tank…

IAA urges government to tighten internal audit laws

Accra: Dr Eric Oduro Osae, Director-General of the Internal Audit Agency (IAA), has urged the government to expedite the passage of the IAA Bill to curb financial irregularities at state institutions.

He explained that passing the regulation would pr…

GCB Bank records GHS700 million profit growth in H1 2024

Accra: GCB Bank recorded strong profit growth in the first half of 2024 (1H 2024) compared to the same period in 2023.

Profit Before Tax for the period increased by 35 percent year-on-year (y/y) to GHS 700.3 million, driven by growth in interest inco…