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...
Ghana and Japan International Cooperation Agency (JICA) have agreed to review bilateral cooperation in various sectors to support the attainment of the Ghana Beyond Aid Vision. To this end, a working group is to be set up at the political and technical levels to draw a work plan to concretise...
Governments, civil society and private sector stakeholders gather in Geneva on 23–24 April 2018 With more than 90 developing economies dependent on commodity exports, according to the latest UNCTAD data, building the human skills needed to add value to raw materials and provide decent work are key objectives to be...
Vice President of the Association of Ghana Industries (AGI), Humprey Ayim-Darke, has asked government to adopt innovative ways of financing planned reforms at the country’s seaports without levying shippers overbearingly. Specifically, he called for a shift from situations where shippers are made to bear the cost of revenue enhancing programmes...
The economy grew by 8.5 percent in 2017 as against a 6.3percent target - the highest since 2012 when it grew by 9.3 percent, figures released by the Ghana Statistical Service (GSS) for quarter four of 2017 have shown. Economic growth has remained under 8 percent since 2013, recording 7.3...
Dr. Kwaku Afriyie, Western Regional Minister, has noted that revenue mobilisation in the country has not kept pace with the growing demands of citizens for development projects and better services from government. “Revenues have not been able to keep up with these demands, thus creating a deficit that has to...
As the country’s debt to GDP ratio reaches unsustainable levels — 69.8 percent, Head of the Economics Department at the University of Ghana, Prof. Peter Quartey, has said that any bond government intends to raise must be used to finance productive ventures that will pay back to boost GDP. His...
The CEO of Ghana Exim Bank, Mr. Lawrence Kwabena Agyinsam, has implored the Indian government through Exim India Bank to endeavour partnering local expertise in the execution of projects in Africa toward an ‘Africa beyond Aid’. He said this at the just-ended 13th Confederation of Indian Industry (CII)/Exim Bank of...