Sunday, January 16, 2022
African leaders hope for trade-led growth boost Nigeria, South Africa do not to sign up Continent gives itself 18 months to hammer out details African leaders agreed on Wednesday to form a US$3 trillion continental free-trade zone encompassing 1.2 billion people, but its two biggest economies, Nigeria and South...
The global beauty industry, according to Euromonitor International, is worth some US$670billion - an indication that Ghana can leverage this industry as it has recently seen growing interest among the youth. From every nook and cranny pops-up beauty shops like hair parlours, skin care shops, nail parlours, spas, cosmetic shops...
  The Bank of Ghana has ordered banks and Specialised Deposit-Taking Institutions (SDIs) to suspend the declaration and payment of dividends or distribution of any reserves to shareholders and for making any irrevocable commitments until further notice. This directive, follows an earlier notice from the regulator halting banks and SDIs to...
The Institute of Fiscal Studies (IFS) has warned that, Ghana risk becoming a distress country if the rising debt stock is checked. According to the IFS, measures need to be put in place by government to arrest the “seriously worsening” debt situation which portends ill consequences for the economy. This warning...
Embattled Tema Oil Refinery Managing Director, Asante Berko, has today presented his resignation letter to the President, Nana Addo Dankwa Akufo-Addo, with the President accepting the resignation. A statement from the Presidency said: "The President of the Republic, Nana Addo Dankwa Akufo-Addo, has, on Wednesday, April 15, 2020, received the...
The Ministry of Trade has awarded a 10-year third single window contract to Ghana Link Network Services Limited - which has CUPIA Korea Customs Service as its overseas partner. The sole-sourced contract, which was signed on March 29, 2018 and published on the Public Procurement Authority’s (PPA) website, is meant...
The Co-operative Credit Unions Association of Ghana (CUA), the umbrella body of more than 500 co-operative credit unions, has launched and is set to operate and manage its own multi-tenant digital payments platform, known as CUANet. The formal launch of CUANet took place during the 20th Educational and Biennial Conference...
With an allocation of over 6 percent of Gross Domestic Product (GDP), Ghana’s spending on education is among the highest in Africa, a World Bank report indicates. This is above the global average of 5 percent expected of every country - although it is behind Swaziland, which has the highest...
Telecommunication network, Vodafone Ghana in partnership with the Ghana Statistical Services (GSS)and the Flowminder Foundation are using innovative data science techniques to support the government’s response against COVID-19. The long-standing ‘Data For Good’ partnership between Vodafone Ghana, Ghana Statistical Services and the Flowminder Foundation has enabled the production of rapid...
Poor corporate governance in the financial sector is to blame for the collapse and struggles of many banks and savings and loans companies in the country, Dr. Williams Abayaawien Atuilik, a chartered economist and banker has said. According to him, research has indicated that some board members of financial institutions...
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