The growth of industry is critical to every economy. In fact, all developed economies have industry as their main driver of growth, providing employment to large numbers of people. Industry adds value to a country’s raw materials, thereby raking in more revenue to government than any other sector.
But sadly,...
As the country awaits the presentation of the 2018 budget soon, we take a look at the three main critical sectors of the economy—Agriculture, Industry, and Services—to see how they are faring and the various happenings in these sectors and also consider some of the policies in place by...
For a considerable period of time now, the country’s economy has been dominated by the Services Sector. The sector comprises trade, repair of vehicles and household goods; hotels and restaurants; transport and storage; information and communication; financial and insurance activities; real estate, professional, administrative, public administration; education; health; commodity,...
As Ken Ofori-Atta presents the 2018 budget to Parliament in the coming days, his main priority would be to build on the economy’s performance of the past ten months whilst consolidating the fiscal gains made after a troubled 2016.
Between March 2, when Ofori-Atta presented his first budget, and now...
Former Mayor of Accra and current Member of Parliament for Ablekuma South, Alfred Oko Vanderpuije, has encouraged investors to seize opportunities in the Ghanaian economy.
Speaking in Accra during a press briefing to introduce a six-member business delegation from United States-based National Black Masters of Business Administration Association (NBMBAA),...
Chief Executive Officer of the Ghana Investments Promotion Centre (GIPC) Yofi Grant has made a strong case that Ghana remains the best and most-preferred investment destination, despite the country dropping two places in the latest World Bank’s ‘Ease of Doing Business’ report.
According Mr. Grant, though the latest ranking has...
Ghana plans to issue a three-year domestic dollar bond next week to develop local funding sources to support the economy, deal arrangers told Reuters on Thursday.
The bond, open only to Ghanaians, is the second after a debut issue in October last year, a two-year bond with a six percent...
Viable companies to be established under government’s ‘One district, One factory’ initiative will be showcased at the biggest world Expo to be held in Dubai, UAE in 2020, Yofi Grant, Chief Executive Officer of the Ghana Investment Promotions Centre (GIPC) has said.
Asked by the B&FT whether the GIPC considers...
Deputy Trade Minister, Robert Ahomka-Lindsay, has said the potential that trade among African countries brings is so enormous – indicating that it is one area the Ghanaian government would duly exploit as it moves the economy beyond foreign aid.
Speaking at the opening of the Kenya-Trade Expo Ghana 2017 in...
A US$24.5m Indian Exim credit facility is to be used to develop and implement a plantation and out grower scheme in a bid to provide raw material for the beleaguered Komenda Sugar Factory.
Trade and Industry Minister, Alan Kyerematen, told parliament on Thursday that the scheme will see the cultivation...