Inflation for April 2018 dropped its lowest in more than five years, to 9.6 percent from 10.4 percent in March, the Ghana Statistical Service has announced.
According to the Acting Government Statistician, Baah Wadieh, the significant drop can be largely attributed to happenings in the non-food basket.
“We realised that inflation...
A new report dubbed ‘Equipment Leasing in Africa’ has urged Small and Medium-Scale Enterprises (SMEs) to leverage the opportunity offered by leasing, as it is becoming increasingly difficult for them to access finance through the banking sector.
The report, which was jointly launched by Africa Lease and the International Finance...
The total value of all mobile money transactions done in the first quarter of the year reached GH¢52billion, a more than 68 percent growth over the figure recorded in the same period last year.
According to the Bank of Ghana, in the first quarter of last year mobile money transactions...
Investors or holders of the ESLA bond have received a total of GH¢500million as the first tranche of interest payments.
A statement from ESLA Plc., the Special Purpose Vehicle (SPV) created to manage the bond, said an estimated GH¢228million has been paid as first gross interest payments to investors who...
As unemployment in the country continues to rise, many young people are turning to photography - an industry that is globally estimated to be worth over US$100billion, according to Zion Market research.
Photography studios are popping up in various parts of Accra, and most of them are owned by young...
Several reasons have been pointed at as responsible for the low rate of economic development and growth in African countries, including colonisation, neo-liberalisation, dependency, political instability and foreign interests among others. Some economists have considered structural deficiencies and institutional weaknesses as mainly responsible for low levels of economic development...
Government will ‘move heaven and earth’ to deliver the One District, One Factory (1D1F) initiative by the year 2020, Deputy Trade and Industry Minister Robert Ahomka-Lindsay has said.
“Already, in Greater Accra we have 19 businesses that have gone past credit control and are ready to start,” he told the...
On March 21, 2017, 44 African leaders gathered at Kigali, Rwanda, to sign the framework that establishes the African Continental Free Trade Agreement (AfCTFA) - aimed at creating a single continental market for goods and services as well as a Customs union with free movement of capital and business...
Government has been advised to prioritise local content and local participation in awarding upstream petroleum contracts, as it prepares to launch its first-ever bidding round in the growing industry.
Government announced recently that it will be issuing new licences to deserving companies by the fourth quarter of this year, during...
The Ministry of Trade has awarded a 10-year third single window contract to Ghana Link Network Services Limited - which has CUPIA Korea Customs Service as its overseas partner.
The sole-sourced contract, which was signed on March 29, 2018 and published on the Public Procurement Authority’s (PPA) website, is meant...