A consultant to the Ghana Alternative Market (GAX), David Tetteh, has advised against the practice wherein companies only approach the capital market as a last resort when they are in distress.
Against the backdrop that access to credit has been the bane of many businesses in the country, he noted...
Regulatory agencies must work hand in hand with the private sector to cushion businesses as the Coronavirus pandemic continue to bite hard, Hilton John Mitchell, Chief Executive Officer (CEO) of Jonmoore International, a logistics services provider, has said.
“The private sector is currently encountering tough time, and so these statutory...
Eni Ghana, on behalf of its OCTP partners Vitol and GNPC, has signed a cooperation agreement with the National Board for Small Scale Industries (NBSSI) to support Micro, Small and Medium Enterprises (MSMEs) in the Ellembelle District, Western region.
Under the agreement, 800 MSMEs will get entrepreneurship, financial literacy and...
Ghana’s expenditure has been driven by interest expenditure and the only option would be to restructure both its external debt as well as the huge and expensive domestic debt. Also, the persistent depreciation of the local currency against the US $ has contributed the unsustainable debt levels It can...
The Ghana Water Company Limited (GWCL) may struggle to meet its objective of serving Ghanaians better if a debt of GH₵840m owed it by Ministries, Departments and Agencies (MDAs) and domestic customers is not paid in the near-future.
Addressing stakeholders at the launch of GWCL’s e-billing system in Accra, the...
As part payment for free water, electricity
The immediate-past Minister of Finance and Economic Planning, who has once again been designated for the same position, Mr. Ken Ofori-Atta has so far released at least GH¢1.2 billion as part payment for COVID-19 relief covering the free electricity and water supplied to...
...as sector constitutes only 3% of private pension assets
Although most working Ghanaians can be found in the informal sector, only a few of them are on any form of retirement plan - moving the National Pensions Regulatory Authority to find innovative ways, including using the mobile money platform, to...
...dismisses speculation about profit motives
By Joshua Worlasi AMLANU
The Bank of Ghana has once again underscored its unwavering commitment to achieving price and financial stability, dismissing suggestions that it would deliberately keep interest rates elevated to generate profits.
The central bank's stance comes amid elevated inflationary pressures and a delicate balancing...
The Managing Director of ARB Apex Bank PLC, Alex Kwasi Awuah, has advised Rural and Community Banks (RCBs) to redesign and integrate their systems to assist them cope and position themselves properly in the face of economic uncertainties facing the world.
He explained that after almost fifty years since the...
In many African countries including Ghana and around the globe, plastics play a very important role in the economic lives of people due to its durability, potability and affordability.
Plastics play a significant role in transporting Ghana’s indigenous goods. Indigenous food products like ‘‘waakye’’ ‘‘kenkey’’ are no exceptions. However, these...