The Development Bank Ghana (DBG) has announced plans to invest GH¢500million in four key commodities including soya bean, maize, rice and poultry, by the end of 2023. DBG has announced plans to introduce a partial credit guarantee product to the market this year, as part of plans to encourage more...
News that the Chinese government has given a strong indication that it is willing to help Ghana secure its balance of payment bailout is indeed reassuring, considering the economic doldrums the country finds itself in today. The Chinese government has unequivocally indicated that it has an obligation to ensure the...
Celebrated annually on 22nd March, World Water Day raises awareness and inspires action to tackle the water and sanitation crisis. World Water Day 2023 focused on accelerating change to solve the water and sanitation crisis. World Water Day became a UN observance day in 1993 and seeks to focus attention...
Optimism among Ghanaian businesses remains low, apparently significantly lower than it was six months ago, the Africa Trade Barometer (ATB) report by Standard Bank Africa indicates. The main contributing factor to this decline, the report states, is the high prices on products and the perception of a poor-performing economy linked...
A stable oil pricing regime is being forecasted by analysts in the near term. Amid the economic downturn, the development will bode well for the domestic economy on the back of uncertainty. The outlook for crude oil in 2023 has been described as uncertain as Russian oil production continues to...
Deputy Minister for Food and Agriculture (in charge of Crops), Mr. Yaw Addo Frimpong, has called on Thai rice value chain players to come and invest in Ghana. The deputy minister made the appeal at the Thailand-Ghana Business Conference on Sunday, March 19, 2023, which brought together captains of Thailand...
The country’s current economic woes is driving investors to seek diversification away from government securities, and Pension funds are setting their sights on investing in the real sector, this is according to the 2023 outlook survey by Axis Pension Trust. According to the survey, investors are now looking to diversify...
A former Head of the United Nations Office for West Africa and the Sahel, Dr. Mohammed Ibn Chambas, recently delivered the 2023 Adebayo Adedeji Lecture, titled: ‘Governance, Social Contract, and Economic Development in Africa: Looking Back, Projecting into the future’- and called for the acceleration of the ideals of...
A Fellow, Institute of Chartered Accountants Ghana (ICAG), Mr. Kofi AFFLU, wrote a very poignant opinion piece in today’s edition of the B&FT and began by admitting that Ghana is one of the countries in the World that has very high tax rates, something that very few people would...
Although Africa accounts for over fifty percent (53%) of global cashew production, the continent accounts for only 10 percent of global processing. Through local processing, there is value addition potential of US$2.8 billion and potential employment of 275,000 people in processing plants. It is for this reason that the involvement...