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Donors pledge $17 million to Africa Solidarity Trust Fund

africa

African and non-regional donors on Tuesday pledged $17 million to replenish the Africa Solidarity Trust Fund, an initiative which aims to provide food security and eliminate rural poverty on the continent. The pledges were made at a high-level donor round table convened by the United Nations Food and Agriculture Organisation (FAO) and Equatorial Guinea President Obiang Nguema Mbasogo, on the ...

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Housing contribution to Ghana’s economy

Over the years Real Estate and Housing contribution to Ghana’s economic growth has been grossly overlooked and undocumented. Housing development has mainly been an individual affair. Central Governments have not captured housing as part of national wealth and assets. One major reason is the lack of a national housing development programme or policy document highlighting central government housing priorities. This article discusses the importance of housing and ...

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Italy in the maelstrom of the euro

Karderinis Isidoros

Italy joined the eurozone in 1999, with Prime Minister Massimo d’Alema of the “Democratic Left” party. This fateful participation, which entailed the complete loss of independent monetary policy, is undoubtedly the main cause of the disappointing performance of the Italian economy. The country’s GDP currently stands at EUR 1.75 trillion euro and its growth rates are extremely anemic, reaching just ...

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Discussants call for stronger competition law regime in Africa

Discussants at a roadshow in Accra have called for a harmonised and stronger competition law regime in Africa. The panelists, who have wide expertise in law, economics, trade and politics, said the lack of such a system in place had given room to multi-nationals and developed countries to take advantage of African nations. Speaking at the International Commercial and Trade ...

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We have valued degrees for too long — Dr Elsie Kaufmann

Dr Elsie Effah Kaufmann

The Quiz Mistress  for the National Science and Maths quiz, Dr Elsie Effah Kaufmann, has called for the need to reassess the objectives of university education in the country. She said for a long time, the focus of university education had been on getting a degree, rather than learning the required skills to solve specific problems in the country and ...

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Govt urged to regulate operations of street hawkers

Street hawking

The Informal Hawkers and Vendors Association (IHVA) of Ghana has called on the government to come up with a comprehensive policy to regulate the activities of street hawkers and vendors in the country. The absence of a clear policy framework, the association said, denied the government the opportunity to collect the appropriate revenue from such trade activities across the country. ...

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Saudi carrier Flynas plans Africa, Balkan hub

flynas

Saudi Arabian budget airline Flynas plans to open a hub in West Africa or the Balkans within five years to expand beyond its oversupplied domestic market, according to the airline’s chief executive officer. “Since we are a short-haul carrier, we seek to link those hubs with the current hubs in Saudi Arabia,” CEO Bander Al-Mohanna said Tuesday in an interview at ...

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Regulate “black-market” transactions – Prof Quartey

graphic business

Professor Peter Quartey, the Head of Economic Division at the Institute for Statistical, Social and Economic Research on Tuesday called on the Bank of Ghana to regulate the Foreign Currency Black-market Transactions. He said the measure would ensure that anybody, who transacted business through exchange of currency, leaves records for the Bank to track and know how much the country ...

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Let’s be honest on how to tackle perennial cedi depreciation – Graphic MD

Mr Ato Afful

The Managing Director of the Graphic Communications Group Limited, Mr Ato Afful, has called for an honest discussion on how to find sustainable solutions to the perennial depreciation of the cedi. Opening the Graphic Business/Stanbic Bank Breakfast Meeting Tuesday morning, Mr Afful said an honest discussion was needed to ensure that the right solutions were adopted to tackle the challenges that ...

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Ghana’s housing deficit hits two million – Housing Minister

housing

Ghana’s housing deficit has hit 2 million units. This was revealed by the Minister for Works and Housing, Samuel Atta Akyea. By this, government would have to build 190,000 to 200,000 units of houses each year for the next 10 years to bridge the gap. This is expected to cost around US$3.4 billion for the 200,000 units. The government announced ...

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