Business
Stanbic holds talks with Chinese ambassador over enhanced Ghana – China Trade Ties
The Chief Executive of Stanbic Bank Ghana, Kwamina Asomaning, together with some Senior Executives of the bank recently met with the Chinese Ambassador to Ghana, H.E. Lu Kun, to promote deeper trade and investment ties between Chinese and Ghanaian businesses. During the meeting, Mr. Asomaning underscored the importance of the strategic partnership between Standard Bank, […]
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Editors' picks
China and Russia stand for global governance reforms
By Kestér Kenn KLOMEGÂH China and Russia have renewed their anti-Western confrontation during high-level meeting in early April 2024 in Beijing. China demonstrates greater readiness to team up with Global South to “promote reforms in the global governance system” while Russia vehemently confronts “Western-led bloc” during talks in Beijing. But both further pledged to strengthen multilateral strategic […]
The post
World News
Russia, China to deepen security cooperation in Asia, Europe
Russia and China have agreed to discuss ways to deepen their security cooperation in Asia and Europe to counter attempts by the United States to impose its will on the region, Foreign Minister Sergey Lavrov has said. “For a long time, there was a Euro-Atlantic security structure in the form of NATO … as well […]
The post Russia, China to deepen security cooperation in Asia, Europe
International
Millions of Americans caught up in Chinese hacking plot – US
Millions of Americans’ online accounts have been caught up in a “sinister” Chinese hacking plot that targeted US officials, the justice department and FBI said on Monday. Seven Chinese nationals have been charged with enacting a widespread cyber-attack campaign. They are accused of ties to a hacking operation that ran for 14 years. The US […]
The post Millions
Ex-China FA boss sentenced to life imprisonment
Former president of the Chinese Football Association (CFA), Chen Xuyuan, has been handed a life sentence for his involvement in bribery, marking a significant development in China’s anti-corruption crackdown within the sports sector. Chen Xuyuan, along with several senior sporting executives, was sentenced on Tuesday following an extensive investigation, as reported by state media. The […]
The post Ex-China
Columnist
The drums of US-China cyber war
By Stephen S. Roach FBI Director Christopher Wray recently upped the ante in America’s anti-China campaign. In congressional testimony on January 31, he sounded the alarm over intensified Chinese hacking activity and warned that US infrastructure – telecommunications, energy, transportation, and water – is acutely vulnerable to the Chinese state-sponsored hacker group Volt Typhoon. Front-page […]
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Banking & Finance
The business of banking: Focus on lending
By Effie AMISSAH The banking industry underpins the financial services industry in the country. Regulated by the Bank of Ghana, the industry provides an avenue where cash, credit and other financial transactions for both individuals and businesses are accessed. According to the 2023 Price Water House Coopers Banking Survey Report, the banking industry contributed GHC16.21 […]
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Banking & Finance
The self-satisfaction of the service industry: the banking sector in focus
Finance and economic experts argued that Ghana could take advantage of its service industry to boost the economy. Time has proven that that ambition is far-fetched. The service industry in Ghana – from the hospital, hospitality, educational institutions through legal services to banking services – is self-satisfaction of the staff rather than the customers who […]
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Business
Absa Group confirms expansion into China with new office
Absa Group has announced its physical expansion into the People’s Republic of China with the opening of a new non-banking subsidiary in Beijing. The non-banking subsidiary is now open, with the official launch event in Beijing, scheduled for the 8 May 2024. At a ceremony in Johannesburg, South Africa today, attended by Enoch Godongwana, the Minister of […]
The post Absa
International
Russia and China slam US for Middle East strikes
Russia and China have slammed the United States for its recent air strikes on targets in Iraq and Syria. The two countries accused Washington of raising the risk of regional escalation at a meeting of the United Nations Security Council late on Monday. Moscow also asserted that the US decision to launch the attacks was […]
The post Russia and China slam US for Middle East strikes
World News
Vietnam, Philippines sign deals on security in disputed South China Sea
Vietnam and the Philippines have agreed to cooperate on maritime security in the South China Sea, a conduit for $3 trillion of annual shipborne trade that China claims almost in its entirety. The deals, signed during a state visit to Hanoi by President Ferdinand Marcos Jr on Tuesday, will see the two countries’ coastguards working […]
The post Vietnam, Philippines sign deals
International
China tightens stock market rules after sell-off
China has tightened its financial industry rules as the government tries to halt a deepening sell-off in the world’s second-largest economy. Nearly $6tn (£4.7tn) has been wiped off Chinese and Hong Kong stocks since their most recent peak three years ago. The China Securities Regulatory Commission (CSRC) says the measures will create “a fairer market […]
The post China
Editorial
Editorial: Gov’t should consider water transport for Accra
Myjoyonline.com reported recently that the government has requested the Ghana Revenue Authority (GRA) to liaise with the two power distribution companies to transfer Value Added Tax (VAT) generated from consumers who have exceeded their lifeline power consumption. The website, quoting from a release issued by the Finance Ministry said the sector Minister, Ken Ofori-Atta, had […]
The post Editorial:
World News
China vents fury at Philippines over Taiwan congratulations
China has summoned the Philippine ambassador after Manila congratulated the winner of Taiwan’s presidential election. China lashed out on Tuesday, a day after Filipino President Ferdinand Marcos sent Taiwanese President-elect Lai Ching-te a note on his victory in the recent vote. The highly undiplomatic comments from Beijing, which warned Manila “not to play with fire,” will […]
The post China
World News
Taiwan hits back at China for ‘repeated interference’ in upcoming elections
Taiwan has condemned China for what it called intimidation of its citizenry and attempts to influence the island’s elections on Saturday. On Thursday, Taiwan’s Foreign Minister Joseph Wu criticised China’s “repeated interference” in the upcoming polls, lambasting Beijing for “once again blatantly intimidating the Taiwanese people and the international community”. The elections “are in the […]
The post Taiwan
Editors' picks
Toward a new era of common development with China
A few days ago, I participated in the Central Conference on Work Relating to Foreign Affairs in Beijing, China. The conference pointed out the direction for China’s futural diplomatic work and the development of China-Africa relations. I want to take this opportunity to introduce to my Ghanaian friends the guiding principles of the conference and […]
The post Toward
Columnist
Unraveling the truth: Dispelling key myths about Africa-China relations
Few alliances have sparked as much interest and speculation in the complicated fabric of international relations as between Africa and China. The relationship between Africa and China has received a lot of attention and scrutiny from scholars, policymakers, and the media in recent years, prompting a lot of debate and, unfortunately, reinforcing certain persistent myths. […]
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Technology
Tesla recalls more than 1.6 million cars in China over problems with autopilot, locks
Tesla is recalling more than 1.6 million cars in China to fix problems with Autopilot features and locks, state regulators announced Friday. Both issues can be repaired through a free over-the-air software update, so drivers do not have to take their vehicles anywhere, regulators said. China’s State Administration for Market Regulation said the recall impacts […]
The post Tesla
Business
Extractive sector: 2023 in focus
The year 2023 is ending on a high note for the extractive sector. The sector, comprising mining and oil industries, exhibited resilience in the face of challenges. The country’s return to the International Monetary Fund (IMF) merely a year ago, a strategic move shrouded in the government’s resolute commitment to fostering prosperity without external aid. […]
The post Extractive
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