The Business Climate 2020 Report has urged the country to change its old practice of exporting primary products to the United Kingdom (UK) to avoid negative balances of trade.
The report indicated that the UK imported US$242million worth of goods, while Ghana on the other hand imported US$473million worth of...
Commencement of the Africa Continental Free Trade Area (AfCFTA) has spurred global investment attention to the continent, Wamkele Mene, Secretary-General of the AfCFTA has indicated.
He is therefore calling on Africans in the diaspora to position themselves to benefit from the opportunity available, as well as aid the continent’s economic...
The Republic Bank and the Business and Financial Times (B&FT) held a breakfast meeting on Tuesday, June 22 themed ‘Digitisation, Artificial Intelligence and Future of Things: The impact and immense opportunities for Ghanaian businesses’, with the verdict that the coronavirus pandemic has provided an opportunity for businesses to be...
Government has appointed an interim management team to steer the affairs of the Tema Oil Refinery (TOR), following the dismissal of the refinery’s Managing Director, Francis Boateng and his deputy, Ato Morrison.
The three-member interim committee includes Nobert Cormla-Djamposu Anku as chairman and William Ntim Boadu and Okyere Baffuor Sarpong.
TOR,...
The African Centre for Economic Transformation (ACET) is strongly recommending a comprehensive national policy for the Export Processing Zones (EPZ) since it has basically failed to deliver the economic benefits associated with its implementation.
ACET’s report shows that the country’s EPZ structure lags behind in many aspects of the objectives...
A new digital system has enabled the Ghana Revenue Authority (GRA) to add more than GH¢1billion to the government’s revenue in just ten months of its implementation.
The platform is an end-to-end Electronic Metering Management System (EMMS) solution that gives real-time visibility and transparency to major stakeholders such as GRA...
In order to reinforce the idea of burden-sharing in these crucial economic times that the country finds itself, the executive arm of government is seriously contemplating either stagnating or cutting down on its wages, as a means to show leadership and rally all Ghanaians along the path of economic...
The National Pensions Regulatory Authority (NPRA) is worried that unless there is an increase in the number of active working Ghanaians contributing towards retirement, demand for public sponsored social interventions could rise in the coming years.
Government allocates around GH¢270 million to the Livelihood Empowerment Against Poverty (LEAP) programme yearly,...
Last year, President Akufo-Addo inaugurated the Ghana Tree Crops Development Authority (TCDA) to develop and promote tree crops other than cocoa to diversify the country’s agriculture.
However, the Bono Regional Minister-designate, Justina Owusu-Banahene, taking her turn at the vetting of the Appointments Committee of Parliament last week stated that the...
Today’s budget statement is expected to provide a blueprint that will salvage the economy from the effects of the COVID-19 pandemic. This is particularly so when the country’s finances are not in the best of health.
The Trades Union Congress, as part of its proposals for the 2021 budget statement,...
