Home » Business (page 10)

Business

Local Content law to be reviewed Regulations

The Petroleum Commission (PC) says the Petroleum Local Content and Local Participation Petroleum, 2013 (Legislative Instrument 2204) will be reviewed next year to make it more pragmatic and practical. Mr Kwadwo Asare Kyei, Manager of Local Content, PC, said proposals made towards the making of the new LI bothered on the Joint Venture Formation and some other interpretations of the ...

Read More »

NHIA to drive public participation in accountability process

Dr Lydia Baaba -Dsane Selby Deputy Chief Executive,Operations

The National Health Insurance Authority (NHIA) will fully roll-out a mechanism to involve the public more in its accountability process, Deputy Chief Executive, Operations, Dr Lydia Baaba Dsane-Selby has said. A lack of proper accountability by some service providers of the national health insurance scheme, and outright fraud, has hobbled development of the scheme for some time now. In a ...

Read More »

Mobile money now leading non-cash payments platform

Data released by the Bank of Ghana last week reveals that mobile money is now the leading platform for payments in Ghana outside of cash itself. During the first half of 2018, not only were more payment transactions executed through mobile money than through any other type of non-cash payments platform, but mobile money became the biggest form of payments ...

Read More »

The fight against corruption should begin with the individual

Mr Richard Quason,Deputy Commissioner of CHRAJ

Participants at a day’s workshop on anti-corruption have acknowledged the need for the fight against corruption to start with the individual. “Corruption, no doubt continue to ruin the developmental fortunes of the nation and it is estimated that over three billion dollars is lost to the practice annually in the country, wealth which otherwise could have been invested in schools, ...

Read More »

Poultry farmers urged to apply right nutrients

Poultry farmers have been admonished to provide their birds with the right feed to ensure healthy and optimal growth of their birds in order to boost the poultry industry and their incomes. They have also been encouraged to adhere to best poultry production practices and seek information from relevant institutions to help them improve on their business. The Deputy Chief ...

Read More »

China’s investment in Ghana hits three billion Dollars

Mr Shi Ting Wang

Ghana’s exports to China increased by 41.3% last year.  China’s non-financial direct investment to Ghana reached US$3.213 billion by the end of 2017, involving electricity, aviation, building materials and other fields said Chinese Ambassador to Ghana, H.E Shi Ting Wang. Today, China is the largest trading partner of Ghana. The trade volume between the two countries has soared from less ...

Read More »

Govt to earn US$100m annually from E-Waste project

The government is expected to rake in an annual revenue of US$100 million from the electronic waste project which involves the responsible collection and recycling of electronic waste. The project, which is in partnership with Societe General De Surveillance SA (SGS), is also expected to create over 20,000 full-time jobs for the youth within the first year of implementation. The ...

Read More »

‘Involve Private Sector In Trade Facilitation’

Samson Asaki

Samson A. Asaki, Executive Director of Importers and Exporters Association of Ghana, says the successful implementation of any trade policy must involve the country’s private sector. Speaking at a forum jointly organised by the Global Alliance for Trade Facilitation (GATF) and the International Chamber of Commerce Ghana in collaboration with the Ministry of Trade and Industry Tuesday in Accra, he ...

Read More »

GSS Rebases Consumer Price Index

The Ghana Statistical Service (GSS) has rebased the Consumer Price Index (CPI) to reflect current expenditure patterns and consumption patterns. The rebasing has been done to meet international best practice and help regroup some products like bottled water which has same price and remove certain products like Cinnamon from the basket of goods and services, among others. Speaking at a ...

Read More »

Inflation For July Drops To 9.6%

The inflation rate for July 2018 declined to 9.6% compared with the rate of 10% recorded in June this year. The monthly change rate in July 2018 was 0.4%, compared with the rate of 1.0% recorded in June 2018. The reduction can be attributed to the results recorded for the non-food subgroup which declined from 11.2% to 10.7% in July. ...

Read More »