…as China remains the largest investor in projects in Africa Jean-Pierre Labuschagne, Director of Corporate Finance, Africa Lead in Infrastructure & Capital Projects at Deloitte & Touche, has called on government to employ competent advisors for infrastructure projects, and pay contractors on time to avoid cost overruns. Presenting the 2017 Africa...
President Nana Addo Dankwa Akufo-Addo on Tuesday called for investors and business leaders from the United Kingdom to participate in the extraordinary and unlimited investment opportunities available in Ghana. He told them that Ghana is the ideal place in the West Africa region and on the continent in which to...
Ghana aims to bring inflation down to single digits in 2018 at around 8.9 percent, President Nana Akufo-Addo said on Tuesday. Speaking at a conference in London, he added that economic growth is forecast at 8.3 percent in 2018. “This would make it one of the fastest growing economies in the...
Fund keeps forecast unchanged but warns world growth will slow ‘First shots’ fired in potential trade war, Obstfeld says The International Monetary Fund predicted the world economy’s strongest upswing since 2011 will continue for the next two years but warned the seeds of its demise may have already been...
The Minister for Trade and Industry, Alan Kyerematen, has said that, the Akufo-Addo government was still committed to building an economy that is resilient and robust enough to grow the private sector to produce Ghanaian owned multinational companies. He believes this will subsequently take Ghana from begging for aid and...
Despite the country’s economy growing by 8.5 percent in 2017 - largely boosted by oil and gas - one of the critical sectors, manufacturing, sadly continues its poor showing. The provisional 2017 GDP figures released by the Ghana Statistical Service (GSS) shows that the manufacturing subsector grew by 3.7 percent...
Multi-billion-euro investment from companies, governments French company’s biggest project with partners in Ghana Bollore SA, the largest ports operator in Africa, said billions of euros of investment in upgrades to West African harbours by governments and companies will provide enough capacity for them to operate sufficiently for the next...
Per Capita GDP, which in principle is a measure of the total economic output of the country divided by the number of people, has reached a four-year high of US$1,632 or GH₵7,110 at the end of 2017, the statistical service has revealed. The figure is an 8.2 percent increase over...
Senior Minister, Yaw Osafo-Maafo, has said that 50% of the national assets of Ghana is being managed and controlled by State-Owned Enterprises (SOEs) hence the need for a policy framework that will require real time reporting to keep track of SOE debts and other related performances. “The role of SOEs...
Land, as we all know, is a very valuable asset known to appreciate in value over time. Most Ghanaians will testify to the fact that the price at which they bought their plots of land some years ago is not the same currently; were they to buy a plot of...