The Ghana Union of Traders Association (GUTA) is unhappy with the Ghana Shippers’ Authority over modalities being used to implement the directives to waive demurrage and rent charges. The Ghana Shippers’ Authority has sent a notice to all its stakeholders that the directive to waive demurrage and rent charges at...
Despite all the gains made by the local currency against its major trading currencies at beginning of the year, especially the United States dollar, the coronavirus pandemic impact has washed all away, causing the cedi to lose its strength. The cedi, which appreciated by 4.5 percent as of the end...
… to energise Africa’s industrial capabilities post COVID-19 Legal, policy and transactions specialist David Ofosu-Dorte wants the July 1 starting date for the African Continental Free Trade Area (AfCFTA) maintained. According to him, the move will engage the consciousness of African leaders and push them to support each other -...
The Ghana Export Promotion Authority (GEPA) is anticipating an export boom post COVID-19, and is therefore stocking its website with export educational materials aimed at training interested persons to understand the nuances of export. According to the authority, the lockdown provides it with a great opportunity to empower many people...
  The African Economic Research Consortium (AERC) Senior Policy Seminar has placed a spotlight on fragility of growth in African economies, seeking to stimulate an informed policy dialogue and related policy-making aimed at reducing identified fragile contexts and building a more resilient African economic sector. However, social and economic issues...
In this question and answer session, Alex Mould, a former Chief Executive Officer of the Ghana National Petroleum Corporation and the Ghana National Petroleum Authority, explains the impact of the novel Coronavirus on Ghana's economy, why consumers will enjoy cheaper fuel and how the country could make the most...
Moody's Investors Service (Moody's) has affirmed the Ghana's long-term local and foreign currency issuer and foreign currency senior unsecured bond ratings at B3 and changed the outlook to negative from positive. Moody's has concurrently affirmed the local and foreign currency senior unsecured MTN ratings at (P)B3 and the rating of...
There is need to review the Stabilisation and Heritage Funds, to among other things allow these funds to be invested in high-yielding portfolios, Alex Mould - a former Chief Executive Officer of the state-owned Ghana National Petroleum Corporation (GNPC), has advocated. “We need to review our Stabilisation and Heritage Funds....
“During the three weeks lock down, I was able to manage to stay home for the first week. But after that, I had to arrange with my clients to meet me at my shop where I kept it locked, to avoid detection by the security, and cut their hair,”...
The International Monetary Fund (IMF) Executive Board on 13th April 2020 approved the disbursement of US$1billion to be drawn under the Rapid Credit Facility (RCF). The disbursement will help address the urgent fiscal and balance of payment needs Ghana is facing, improve confidence and catalyse support from other development...