The soon-to-be-established Development Bank Ghana (DBG) will prioritise support for agribusiness, manufacturing, Information Communication Technology (ICT) and mortgage finance, Minister of Finance Ken Ofori-Atta has said. He said these sectors represent the engines of growth and transformation for a ‘Ghana Beyond Aid', and that the new lender’s focus will be...
Despite PFJ’s gains, inadequate raw materials linger Sector loses more than US$5m to pandemic Millions of jobs on the line, food security under threat Poultry farmers and feed-millers across the country are expressing worry over a looming collapse of the local poultry industry due to the scarcity and...
The Social Security and National Insurance Trust (SSNIT) has announced that from September 1, 2021, the names of pensioners aged 72 and above who fail to complete or renew their pensioner certificates will be deleted. According to SSNIT, at the moment there are some 13,451 pensioners aged 72 years and...
Government has signed an additional US$200million financing agreement with the International Development Association (IDA) of the World Bank Group, aimed at procuring vaccines to support the country’s fight against the deadly COVID-19 pandemic. The funds fall under the Second Additional Financing for the Ghana COVID-19 Emergency Preparedness and Response Project...
A labour expert, Kofi Asare Asianowa, has expressed scepticism at government's COVID-19 economic recovery programme - saying public servants may not enthusiastically provide the needed support required to accelerate the programme due to the quantum of their pay rise recently announced. According to him, the 4 percent pay rise in...
The Ghana Shippers' Authority has educated the shipping community in the Western Region on the need to sign onto Marine Cargo Insurance, an insurance package that protects individuals or a company’s investment. Without cargo insurance, all cargo is handled, stored and carried at the shippers’, owners’ and consignees’ risk. With Marine...
Lifting the ban on renewable energy Power Purchase Agreements (PPAs) would be a major hurdle removed, to allow for the explosion of renewable energy projects and initiatives in Ghana, for purposes of de-carbonization, cost-efficient energy supply, and for economic recovery and growth post Covid-19. It would be recalled that government...
There are two recognized types of technologies for converting solar energy into electricity which are photovoltaic and concentrated solar power. Most energy supply facilities typically last several decades and technologies in these classes will dominate solar-powered generation between now and the future. Solar technology has come a long way in...
The Ghana Gas Company reflects the many blessings, in terms of natural resources, God has gifted Ghana. Ghana's oil and gas history stretch a bit over a decade. Ghana discovered its oil richness in 2007. The large-scale oil extraction and gas generation were initiated in the year 2011. These extraction...
…Ghana may lose out due to weak manufacturing sector Government has been cautioned to critically assess the adverse impact the African Continental Free Trade Area (AfCFTA) may have on revenues, particularly Value Added Tax (VAT), Import Duty and Income Tax. One critical action plan for the success of the treaty is...