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Ghana’s economic indicators return to normalcy- President

President Nana Addo Dankwa Akufo-Addo Tuesday said Ghana’s public finance was now in order. He said the period when the country’s economic indicators “went haywire and through the roof are over.” “The days of disarray in our public finances, the reason for our recent marriage with the IMF, are over,” the President said when he commissioned three new State-of-the-art production ...

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Recapitalisation to drive interest rates down

Mr Henry Oroh

The Managing Director/CEO of Zeinth Bank Ghana, Mr Henry Oroh, has said that the recent recapitalisation exercise that has seen 23 banks increase their minimum stated capital to GH 400 million will increase competition in the industry which will subsequently drive interest rates down. He said the recapitalisation exercise meant that every bank was now a big bank and ready ...

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GH¢7.42bn import duty target achievable — Ali-Nakyea

Mr Abdallah Ali-Nakyea

Tax expect and Managing Partner of Ali-Nakyea and Associates, Mr Abdallah Ali-Nakyea, has urged the government to fully operationalise the National Single Window and Paperless regime at the country’s seaports. This, he said, would help the government achieve its ambitious target of GH¢7.42 billion from import duty this year. “Granted that the National Single Window and Paperless Port System will ...

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The future is in Africa, and China knows it

Fast population growth offers some great investment opportunities, but the west is missing out. During the past decade, China has been investing a lot of money in sub-Saharan Africa: Some Western observers worry that this represents a new form of colonialism. Given the continent’s history with European conquerors and rich countries trying to cheaply exploit its natural resources, that suspicion ...

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Kosmos Innovation Center selects 117 promising ‘AgriTechies’ for the 2019 AgriTech Challenge

Kosmos Energy has announced the selection of 117 promising young entrepreneurs to participate in the Kosmos Innovation Center (KIC) 2019 AgriTech Challenge. The Kosmos Innovation Center (KIC) is the flagship social investment programme launched by Kosmos Energy in 2016 and seeks to breathe new life into Ghana’s agriculture sector through technology and innovation. Each year, the Challenge selects young people ...

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Ghana deindustrialising economy – AGI President

Dr Yaw Adu Gyamfi

The President of the Association of Ghana Industries (AGI), Dr Yaw Adu Gyamfi, has bemoaned the dwindling fortunes of the manufacturing subsector in recent years, warning that the country risks losing its industrial base should the situation remain the same. Rather than inspiring entrepreneurs to build new factories and sustain existing ones to employ people and grow the economy, Dr ...

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Petrol Prices Drop

Ghana Oil Company (GOIL) was the first firm in the country to announce a reduction in the prices of its fuel, with diesel selling at GH¢4.98 and Super going for GH¢4.98. Vivo Energy, marketers and distributors of Shell-branded products and services, has followed suit by reducing the ex-pump prices in the first window for the month of December in line ...

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Cedi Hits GH¢4.98 Against US Dollar Among Some Major Banks

The local currency is now two pesewas away from hitting the dreaded GH¢5 mark per a dollar.  It closed Monday trading at around GH¢4.98 against the US dollar. This is basically the main quotes being put out by some of the major commercial banks in the currency business in the country. What is causing this? Lots of reasons have been put forward ...

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Entrepreneurship – a solution to graduate unemployment?

 In my secondary school days, i had the privilege of spending one long vacation with my maternal grandmother in a village called Agogo in the Eastern Region of Ghana. Something happened during that period which ignited my interest for business. I accompanied my cousin to the market one day to help him sell some baskets he had woven earlier in ...

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MTN Business partners invest in Africa to grow Ghanaian SMEs

MTN Business, Ghana’s leading telecommunications provider of business connectivity solutions, has announced its partnership with Invest in Africa (IIA) to provide custom-made ICT solutions to Small and Medium-Scale Enterprises (SMEs) in the country. Through the partnership, services offered by MTN Business will be available to help SMEs optimise their productivity to enable them grow and expand their businesses. IIA is ...

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