President Nana Akufo-Addo has unveiled the first locally-made Volkswagen (VW) vehicle which he says is the first of many to come in the country’s bid to becoming self-reliant.
“This will undoubtedly promote import substitution, enhance Ghanaian exports, particularly within the framework of the African Continental Free Trade Area, whose coming...
Vodafone Ghana employees and the Vodafone Group Foundation have raised GH¢100,000 toward establishment of the Vodafone Ark Foundation Transit Shelter for survivors of domestic violence. The amount was donated to the Ark Foundation, a Non-Profit Organisation (NGO) that provides support for survivors of domestic violence.
The donation is part of...
Standard Chartered Bank Ghana Limited, has held its 2019 Annual General Meeting (AGM) on the backdrop of being awarded Africa’s Best Bank for Transformation at the prestigious Euromoney Awards for Excellence 2020 that recognized the top financial institutions in banking and capital markets globally.
At the AGM to present the...
Misheck Mutize
IMF managing director Kristalina Georgieva and World Bank group president David Malpass have offered debt relief to developing countries.
A debt service relief package has been approved by some of the world’s biggest lenders for more than 25 African countries. The arrangement includes the World Bank, the International...
The COVID-19 pandemic, one of the world’s most significant events in recent memory, has resulted in the cessation of economic activities for many African countries. Many economic analysts have predicted that the pandemic will lead to a significant decline in GDP, unparalleled social disruption, and the loss of millions...
Declining trade volumes and values due to COVID-19 disruption in supply chains globally has had a serious effect on the wholesale, retail and distribution business in Ghana; thereby causing a ripple-effect on Specialised Deposit-Taking Institutions (SDIs).
In March 2020, the Bank of Ghana (BoG) announced a number of monetary policy...
The Trades Union Congress (TUC) has issued its preliminary comment on the mid-year budget review and says the measures announced by the Minister for Finance in the mid-year budget review have come at the right time.
“TUC fully supports these initiatives and is ready to work with government and all...
The Institute of Economic Affairs (IEA), a think-tank, has described the nation’s four-year growth rate projection of 5.4 percent as low, and below its potential compared to the various policies outlined in the budget to resuscitate the economy from the impact of COVID-19.
According to the Director of Research at...
For every five Ghanaians, two of them are identified as multidimensionally poor - meaning more than 45 percent of the country’s population are affected by multiple types of poverty, a Ghana Statistical Service (GSS) report has revealed.
Multidimensional poverty considers the many overlapping deprivations that poor people experience. The Multidimensional...
The Trades Union Congress has commended government for its introduction of the Coronavirus Alleviation and Revitalisation of Enterprises Support (CARES) programme, and indicated that hundreds of thousands of jobs and livelihoods depend on diligent implementation of the programme.
In the TUC’s preliminary comments on the Mid-Year Review of the 2020...