As from 1st January 2018, Ghanaian farmers will be able to resume exports of all plant commodities to the European Union (EU) market. This follows the European Commission's decision to lift the current ban on the exports of five plant commodities from Ghana to the European Union (EU) market on...
The greatest challenge confronting the economy is how to create decent jobs for the millions who are desperately seeking them, the Ghana Trades Union Congress (TUC) has lamented. In a statement titled Proposals for the 2018 budget and economic policies of government, the union said: “We expect the 2018 budget...
Ghana’s hopes of raising a debt without sovereign guarantee did not yield the expected results, and the outcome has been met with mixed reactions from industry and academia. A statement from ESLA Plc. - the Special Purpose Vehicle (SPV) established to raise the bond with backing from the Energy Debt...
Dubai has been urged to make itself available to support development of Africa’s entrepreneurial eco-system by connecting the continent’s business leaders and entrepreneurs with new growth opportunities. This was the view of a panel of entrepreneurs who spoke at the 4th Global Business Forum on Africa, which is taking place...
A draft report that will see 70 percent of government of Ghana-funded projects go to local contractors has been completed, and is expected to be submitted to Cabinet and Parliament for approval soon. The new policy, government believes, will help grow local businesses. It is aimed at empowering indigenous contractors, and...
E.S.L.A PLC, on Monday, November 6, 2017, said it successfully closed its books for the issue of the ESLA bonds on Friday, November 3, 2017, after extending the timeline for the issue of the 10-year bond by one week. Despite investors making bids in excess of GH¢2.79 billion for the...
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...