Economist and professor of Finance at the University of Ghana, Professor Godfred Bokpin, says stakes are extremely high for the 2023 budget and economic policy statement to be presented to parliament by Finance Minister Ken Ofori-Atta, as it has to respond to multiple stakeholders. Speaking to Business and Financial Times...
WTO warns on food supply risks for Africa The global hike in food prices caused by Russia’s war in Ukraine could lead to mass hunger in developing countries, especially in Africa, according to the World Trade Organization. With 35 African countries importing food from Russia, Ukraine or both, and another...
Government risks stifling the emerging e-commerce Industry, digital finance ecosystem and its own economic digitalisation and financial inclusion drive if it goes ahead with the announced levy on electronic transactions. The proposed 1.75 percent E-levy on mobile money, online shopping and other digital transactions as contained in the 2022 budget,...
Mrs. Elsie Addo Awadzi has been reappointed as the second Deputy Governor for a second term with effect from Monday. Mrs. Addo Awadzi has over 25 years of professional experience working in various capacities in Ghana and internationally - in law, finance, policy and regulatory reforms, financial sector regulation, sustainable...
When the Ghana Investment Promotion Centre (GIPC) presented its third quarter performance for 2017, not a single investment was recorded for tourism. According to the report, since the turn of 2017, more than 130 projects worth some US$5billion were recorded and yet not a single dollar was recorded in the...
The US dollar has now entered the early stages of what looks to be a sharp descent. The dollar’s real effective exchange rate (REER) fell 4.3% in the four months ending in August. The decline has been even steeper as measured by other indexes, but the REER is what...
President Nana Addo Dankwa Akufo-Addo has charged financial institutions to take a relook at the profiling of youth-owned businesses and start-ups in the country, and find some avenues to extend credit to them as the advent of technology has brought with it the opportunity to create global giants out of them in...
To strengthen export-oriented small and medium-sized apparel manufactures in creating socially responsible jobs, the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH together with its partners - Ethical Apparel Africa (EAA), Gerber, Groz Beckert, Freudenberg and Accra Technical Training College (ATTC) - officially launched the Ghana Apparel Training & Service...
Olam Ghana, a wholly-owned subsidiary of leading food and agri-business Olam International, has launched its locally grown and sourced rice brand – Mama Gold, a premium jasmine rice –  to bring more choices to consumers in Ghana. Already a successful and established rice brand in Nigeria, Mama Gold will offer...
The Naira appreciated in the parallel market, trading at 508 to the dollar compared to 525 at the close of last week. Market panic after the CBN issued guidelines banning the sale of dollars to Bureau de Change’s has reversed, with most speculators cutting their negative positions, reversing losses...