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Ghana’s housing deficit hits two million – Housing Minister

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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Emirates, AWA sign partnership agreement to connect passengers within W/A destinations

Emirates Airlines, an international airline operater, and Africa World Airlines (AWA) have announced a one-way interline agreement to connect passengers within West African destinations. Under the agreement, Emirates customers will have the opportunity to connect to selected routes of Africa World Airlines’ network. It is also expected to open up new African destinations for Emirates customers from May 2019. In ...

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SEC to ‘strongly enforce’ directive on guaranteed returns

Mr Daniel Ogbarmey Tetteh

The Securities and Exchange Commission (SEC) is sending a strong warning to Fund Managers and other market operators against promising guaranteed returns on investments. Director-General of the SEC, Daniel Ogbarmey Tetteh said although some investment firms have defied the directive since 2014, the securities market regulator will descend heavily on violating firms in the coming days. “You are not supposed to ...

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Strong laws, poor implementation characterize African resources sector – Research

Countries across resource-rich sub-Saharan Africa are failing to reap the benefits from their wealth of endowments of oil and minerals due to an “implementation gap” between the laws that govern extractive industries and the practices, in reality, new research has stated. An analysis by the Natural Resource Governance Institute of the extractive industries in 28 sub-Saharan African countries reveals that ...

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Award-winning start-up targets affordable medicine for every African

A Ghana-based start-up has received $1.5 million from Ebay billionaire Jeff Skoll to support its work in changing Africa’s pharmaceutical industry to make medicines more affordable. MPharma is one of five social businesses to receive awards from the Skoll Foundation at this week’s Skoll World Forum, Britain’s leading event for social enterprise. Pharmacy owners in African countries such as Ghana ...

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The elephant in the room – The case for maize

“Our beloved country, is free forever.” These words, spoken by our first president at the dawn of our independence, have echoed in the hearts of every Ghanaian for the sixty-two years that we have been a free and independent state. As memorable as these words have been, they also beg the emotional and difficult question of what it means to ...

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Global investment giants to converge in Kumasi as part of Otumfuo’s 20th Anniversary

Otumfuo Osei Tutu II

The World-Meets-In-Ghana Investors’ Forum and Executive Dinner Ball is billed to take place in Kumasi, the Ashanti Regional capital, as part of the official programme of the 20th-anniversary celebration of the coronation of the King of Ashanti Kingdom, Otumfuo Osei Tutu II. The Manhyia Palace, which is the seat of the Asantehene, Ministry of Business Development, Ministry of Aviation, Ghana Investment ...

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Digital pensions market needs to be more attractive – Fintechs to Regulator

Mr. Romeo Bugyei, CEO IT Consortium

Financial technology firms (fintechs) are best positioned to bridge the gap that would make pensions available to the informal sector. However delivery cost has been a major impediment to undertaken such initiative. In 2018, Ghana’s mobile market comprised about 34.57 million subscribers translating to a penetration rate of 119 percent. In this light, Fintechs in Ghana have called on regulatory bodies ...

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Bank Of Ghana To Introduce Upgraded Ghana Cedi Notes

The Bank of Ghana will issue upgraded and security-enhanced banknotes into circulation on May 6, 2019. According to a statement issued by the BOG on Monday, April 8, the banknotes will have enhanced security features in line with evolving changes in the technological landscape. The upgraded banknotes will also come with improved durability and machine readability. The new enhanced security features ...

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Formal Sector Employs Only Two Percent Of Ghanaian Labour Annually – NEIP

Mr Franklin Owusu Karikari

Only two percent of the 250, 000 of Ghanaians who enter the Ghanaian labour market annually, are absorbed in the formal sector, Mr Franklin Owusu Karikari, the Director for Business Support of the National Entrepreneurship Innovative Plan (NEIP) has said. He said the remaining 98 percent relied on the informal sector for jobs, saying, last year alone, the country produced ...

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