Sunday, June 26, 2022
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,...
The Executive Board of the International Monetary Fund (IMF) today approved the disbursement of SDR 738 million (about US$1 billion) to be drawn under the Rapid Credit Facility (RCF). The disbursement will help address the urgent fiscal and balance of payments needs that Ghana is facing, improve confidence, and...
Government intends to use its revenue and expenditure measures in the 2018 budget to continue to stabilise the economy, offer reliefs to make the private sector competitive and create more employment. But without the needed revenues, these objectives will not be realised. Funding for most of government’s developmental projects is...
The Ministry of Trade and Industry and the Ghana Export Promotion Authority (GEPA) are to promote locally-made handicrafts as a major export commodity on the international market. The collaboration, which is expected to generate an estimated US$1billion a year, forms part of a broader strategy of promoting made-in-Ghana products globally. Products...
An Economist at the University of Ghana, Dr. Eric Osei-Assibey, has said that low lending rates should not be expected anytime soon, as the gap between the central bank’s policy rate and inflation rates remain wide - urging the Bank of Ghana to address the challenge. Following BoG’s decision to...
Credit ratings agency Moody’s has warned that Ghana faces a severe risk of financing stress as a number of sovereign bonds issued by government in the past few years reach their maturity in the early 2020s. According to a report issued by the ratings agency, Ghana faces principal payment worth...
It is easy to pinpoint Ghana’s peers when it attained independence in 1957 - South Korea, Singapore, Malaysia and the like - and use that to judge Ghana as a spectacular failure in delivering much-desired economic goods for its people. Sixty-one years is a long time in a country’s development...
Newmont Ghana has been adjudged the best company of the year at the just ended  Ghana Club 100 awards organised by the Ghana Investment Promotion Center (GIPC). The 16th edition of the annual awards was celebrated under the patronage of the president of the Republic of Ghana, Nana Addo Danquah...
The World Bank Country Director for Ghana, Henry Kerali, has advised that government turn its attention to reducing food imports so as to revitalise the Agricultural sector, which can contribute in improving the economy. He asked that government take steps to make the Agricultural sector even more attractive than it...
The Ministry of Fisheries and Aquaculture Development (MoFAD) has said it will launch its flagship ‘Aquaculture for Food and Jobs’ programme by end of May, in a bid to boost local fish production to meet increasing demand. The programme, which is in response to growing concerns over Ghana’s depleting fish...
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