The Managing Director (MD) of Consolidated Bank Ghana (CBG), Daniel Wilson Addo, has been awarded for his contribution to growth and development in the banking sector and for providing excellent banking services in Ghana, at the Ghana Development Awards which took place at the Marriott Hotel last week.
The 2nd...
The call for establishment of a Construction Industry Development Authority (CIDA) is not without cause. In the 21st century, infrastructure is the lifeblood of prosperity and economic confidence.
Successful delivery of well-planned infrastructure investments offers developing economies like Ghana opportunity to compete in the global marketplace. Construction is the mechanism...
Hospitality sector shattered
The country’s economy in the second quarter of 2020 faced the full rigours of the coronavirus pandemic, as growth for the first time in about four decades contracted – largely occasioned by the hospitality sector’s abysmal performance.
Data from the Ghana Statistical Service (GSS) show that despite...
Data from the Ghana Shippers' Authority (GSA) have shown that demurrage payments to shipping lines in 2019 amounted to $27million; this figure was less than the $39million recorded in 2018.
According to the Authority, some of the causes of demurrage – fees importers pay for overstayed containers – include bureaucratic...
...25,000 business set to benefit
Micro, Small and Medium Enterprises (MSMEs) can begin the process to access a GH₵90million fund made available by the Mastercard Foundation, which is to be disbursed through the National Board for Small Scale Industries (NBSSI) under the COVID-19 Recovery and Resilience Programme.
The support scheme, dubbed...
Axcon Energy Limited has kicked off construction of Appolonia City’s first solar power plant,  which will bring 5MW of renewable energy to homeowners and businesses within Greater Accra’s new city.
The solar plant, located in Appolonia Industrial Park, provides additional capacity to Appolonia City’s dedicated power substation.
“The new solar plant...
Depositors whose funds were locked up in the collapsed Savings and Loans Companies and Microfinance companies will now receive their cash from today (16th September, 2020) instead of an earlier promise by government to hold the monies in bonds.
A statement released by the Receiver of the 347 defunct Microfinance...
The manufacturing sector for any economy is considered the backbone of economic development.
Manufacturing industries do not only help in modernizing agriculture, they also reduce the heavy dependence of people on agricultural income.
In 2017, it was estimated that the manufacturing Industry in Ghana accounts for about 25.3% of total GDP. Ghana's industrial...
