The World Bank  last week approved US$250 million from the International Development Association (IDA) to support the establishment of the Development Bank of Ghana (DBG) to increase access to long term finance and boost job creation for 10,000 enterprises in key sectors including agribusinesses, manufacturing and high value services.
“By...
The presidential candidate of the National Democratic Congress (NDC), Mr John Dramani Mahama, has given the assurance that he will work hard to revivie the Tema Oil Refinery (TOR) and the Bulk OilStorage and Transportation (BOST) when he is elected as president in the December 7 general elections.
Interacting with...
…signals difficult times ahead
Former Finance Minister Seth Terkper has said tough times await the economy, given the recent budget that was presented in Parliament, which he says shows government plans to borrow more than indicated - adding that public debt is likely to hit 80 percent of GDP.
The 2021...
The total FDI of US$785.62 million represents investment recorded by the Ghana Investment Promotion Center (GIPC) and the Petroleum Commission
ACCRA, Ghana, October 23, 2020/ -- Ghana has recorded total investments of US$869.47 million, with total FDI value amounting to US$785.62 million between January to June 2020 as FDI inflow...
Parliament has approved the Finance Ministry’s request to spend an amount of GH¢27,434,180,520 from the Consolidated Fund to finance government operations for the first quarter of the 2021 financial year.
Finance Minister, Ken Ofori-Atta, on Wednesday, presented to Parliament, estimates of the revenue and expenditure of the government for January...
Work has begun on the construction of a €20-million solid and liquid waste treatment plants for the people of the Northern Region.
While the solid waste plant is expected to be completed within four months, the liquid waste facility will be ready in twelve months.
It follows the sod-cutting ceremony performed...
…employee compensation, wages & salaries exceed revenues
Genuine concerns have been raised by stakeholders about the country’s debt situation, with some even fearing it will eventually lead to a situation where it will no longer be sustainable. As legitimate these worries are though, the truth be told, the data shows...
Business owners are being urged to make electronic payment services available at their shops and offices to offer their customers the opportunity to make payments electronically, as the yuletide approaches.
Business activities pick up during the yuletide due to the Christmas and holiday festivities but it also attracts a lot...
The Ghana Export-import Bank (GEXIM) has presented a tractor and its accessories to the Ministry of Food and Agriculture (MoFA) towards the upcoming National Farmers'Â Day celebrations.
The tractor, worth GH¢3,6200.00, is to be given to the 1st runner of this year’s national farmers awards. The gesture forms part of GEXIM's...
Former Nigerian minister, Ngozi Okonjo-Iweala, is now the front-runner to become the World Trade Organisation’s new director
Nigerian finance minister Ngozi Okonjo-Iweala picked up crucial backing from the EU on Monday, sources said, giving her bid to become the first African head of the WTO a major boost.
The World Trade...
