Post Brexit uncertainties are playing out seriously as banana exporters are beginning to feel the brunt. Already, we are told UK companies have begun rejecting imports from Ghana as the country and Britain have failed to reach a trade agreement. Banana exporters have lost 20% of their exports to the...
While the second wave of the coronavirus pandemic has got many Ghanaians sitting on tenterhooks, COVAX Global Supply Forecast has announced that the country will receive a total of 2,412,000 doses of the COVID 19 vaccines by the first and second quarters of this year. Ghana, we understand, will get...
President Nana Addo Dankwa Akufo-Addo on Sunday addressed the nation for the 23rd time on measures to take to contain the resurgence of the recent strain of the novel COVID-19 pandemic. He further announced restrictions on funerals, weddings, concerts, theatrical performances, and parties until further notice. Significantly, the President stated that...
The increasing calls from a section of the public for government to initiate another lockdown in the country because of the surge in COVID-19 cases might be well-intentioned and designed to curb spread of the virus, but its economic consequences could prove dire. Firstly, any such move will create a...
The country’s palm oil production is set to increase by an average of 4.4% year-on-year from 2021 to 2025, with the growth rate increasing at the end of that period. According to Bloomberg and Fitch Solutions, Ghana is poised to overtake Ivory Coast to become the lead exporter and earner...
Head of the Africa Centres for Disease Control and Prevention (CDC), John Nkengasong says Africa’s coronavirus case fatality rate has risen alarmingly to 2.5% higher than the global level of 2.2%. Earlier, Africa’s rate had been below the global average and Mr. Nkengasong described the fatality rate as ‘very worrying’...
Despite the COVID-19 pandemic and its negative impact on businesses, the GRA was able to meet its 2020 revised revenue target. The Authority was tasked to collect a revised tax revenue target of GH¢42,769.50; as of December 2020, it collected GH¢45,338.69 million exceeding the budget by GH¢2,569.19 million thus, with...
President Nana Addo Akufo-Addo announced at the opening of the 72nd New Year School on Tuesday that government has begun discussions with manufacturers of coronavirus vaccines for procurement. This should assuage fears of the second wave of the virus causing maximum damage. A doctor who is one of the few...
The 2019 report of the National Pensions Regulatory Authority (NPRA) has put out some stark statistics which have to be looked into to be addressed appropriately. The report notes that as many as 7.7 million working Ghanaians, representing 70% of the country’s over 11 million active labour force, are non-active...
AfCFTA’s Secretary General, Wamkele Mene, believes that by 2035, intra-Africa trade would double and in the process lift 100 million Africans out of poverty. Currently, intra-Africa trade accounts for 15% the continent’s total trade which is rather on the low side compared to other regions like Europe (69%), Asia...