Monday, July 4, 2022
The new UK High Commissioner to Ghana, Iain Walker, has expressed his country’s readiness to partner the government of Ghana in its quest to grow the economy beyond aid, through improved trade and support for the SME sector.Speaking in an interview with the B&FT last week, Mr. Walker said no greater...
A three-year Business Regulations Strategy (BRS) aimed at eliminating constraints, modernising the legal and regulatory systems to promote faster growth, job-creation and economic prosperity in the country’s corporate sector is being developed. The strategy, spearheaded by the Ministry of Trade and Industry, in collaboration with other Ministries, Departments and Agencies,...
The risks to global financial stability in the immediate future have declined, according to a new assessment from the International Monetary Fund. But at the same time, vulnerabilities over the longer term are building, the IMF warns. The very low interest rate policies of the rich countries have led investors to...
The country’s fishing industry is currently on life-support, as figures by the Ghana Statistical Service (GSS) show that it is the only sub-sector of the agriculture sector that is currently experiencing contracting growth. Quarter two GDP figures show that fishing sector growth has plummeted from 3.6 percent in the first...
The absence of a board of directors at the Securities and Exchange Commission (SEC) is severely hampering the equity and debt listing of companies on the stock market, with about GH¢1biliion worth of potential deals hanging. The laws regulating the securities industry stipulates that all new listings--including the listing of...
The producer price Index (PPI) has dropped from 6 percent in March to 4.8 percent in April, largely on the back of a stable local currency. PPI measures the average change over time in the prices received by domestic producers for the production of goods and services. Acting Government Statistician,...
In 2016, Ghana, the second largest gold producer in Africa, and the eighth largest globally, legally produced 96 Metric Tons (“MT”) of gold. On average, Ghana produces approximately 100 MT annually. At April 1, 2017, the Bank of Ghana (“BoG”) Gold Reserve amounted to 8.70 MT, (it has not...
Vice President Dr Mahamudu Bawumia has said Government has begun implementing policies and programmes intended to make Ghana the most business-friendly country in Africa. These include ensuring fiscal discipline, cutting the budget deficits, managing the national debt and undertaking measures to fight corruption, he said. Vice President Bawumia said this when...
Mr. Kofi Sekyere, Chairman of Kumasi City Mall, has said it is about time Ghanaians saw shopping malls as potential markets for locally produced and manufactured goods to enable retail shopping facilities to contribute towards the country’s import substitution strategy. Mr. Sekyere made this observation when the President, Nana Addo...
President Nana Akufo-Addo has expressed worry over the influx of cheap imported goods in most shopping malls and supermarkets in the country, to the disadvantage of locally produced goods, which constitute less than five percent of goods on sale. The development, the president said at the opening of the Kumasi...
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