The Ghana Chamber of Mines says exploration investment in the country has declined significantly in recent years. According to its Chief Executive Officer (CEO), Dr. Sulemanu Koney, this has serious implications given mining’s fiscal and forex revenue importance to the economy. Mr. Koney believes taxes on exploration activities should be addressed,...
The Ghana Statistical Service (GSS) has unveilled its latest Ghana 2023 Mid-Year Trade Report, showing a significant transformation in trade dynamics. The report spotlighted a trade surplus of GH¢2.4billion in first-half 2023, marking a stark contrast to the trade deficit of GH¢2.3billion experienced in the same period of 2022. Notably, shifts...
Minister of Finance, Ken Ofori-Atta, is scheduled to present government’s 2024 Annual Budget Statement and Economic Policy to parliament tomorrow. Ahead of the presentation, there have been calls for government to significantly reduce its expenditure and widen the tax net. Director-Institute of Statistical, Social and Economic Research (ISSER), University of Ghana,...
Ghana has substantial manganese deposits and has been a significant producer and exporter of manganese ore. However, in line with government’s value addition policy, plans are afoot to establish a manganese refinery in the country, Minister of Lands and Natural Resources, Samuel Abu Jinapor, has indicated. Following his participation in...
Last week, the Ministry of Finance and International Finance Corporation (IFC) convened business leaders in the country to share ideas for ramping up investment toward sustainable growth and job creation, dubbed the Mutual Prosperity Dialogues. An issue foremost in the minds of businesses, as gleaned from the interaction, was that...
A mere 0.5 percent of the informal sector’s active workforce is currently enrolled in the tier-one scheme, statistics from the Social Security and National Insurance Trust (SSNIT) have revealed. This raises serious concerns about the majority of informal sector workers’ financial security in the country. Out of approximately 600,000 individuals working...
Each year, World Food Day is observed on 16 October and marks the United Nations Food and Agriculture Organisation’s (FAO) founding in 1945. It is an opportunity to spark conversations about our food, how it is produced and all its dimensions: availability, accessibility, utilisation and stability. This year World Food Day...
Owing to the fact that the existing system for overseeing remittances is fraught with challenges, the country urgently needs to enhance its framework for monitoring and tracking same. Issues such as obtaining accurate migration data and coordinating the efforts of regulatory agencies, money transfer companies (MTCs) and fintech firms have...
Fourteen (14) African commodity exchanges have agreed to harness their collective potential under the African Continental Free Trade Area (AfCFTA), in what market watchers describe as one of AfCFTA's biggest feats so far. Known as the AfCFTA Association of Commodities Exchanges (ACX), its major aim is to work collectively in...
Governor of the Bank of Ghana, Dr. Ernest Addison, recently spoke at the IMF-African Caucus Meeting at the World Bank/IMF Meetings in Marrakech, Morocco, where he emphasised the importance of strengthening multilateral coordination and regulatory efficiency for sovereign debt resolution in low-income countries (LICs) through the creation of a...

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