While some have bemoaned the dependence of African states on commodities and raw materials for export, a new UNCTAD report suggests demand for raw materials used to manufacture rechargeable batteries will grow rapidly as the importance of oil as a source of energy recedes. The report documents the growing importance...
The Public Interest and Accountability Committee’s (PIAC) 2019 annual report has again amplified that petroleum revenues lack proper accountability - with challenges such as a lack of transparency in the utilisation of petroleum funds, to a deviation in the core mandate of the Ghana National Petroleum Corporation (GNPC) to...
Commercial banks could not escape the devastating impact of the COVID-19 pandemic, as their profitability growth was slashed by more than half, the Banking Sector Report (MAY, 2020) indicates. However, rural banks are fortunate to be on the other side - recording a surge in deposits. Board Chairman for Okomfo...
The role of the Ghana Incentive-Based Risk-Sharing System for Agricultural Lending (GIRSAL) is to help accelerate financing and interconnectedness of the agricultural sector to ensure that it is functioning at optimal levels across its key components. GIRSAL is also guided by the country’s food and Agriculture Sector Development Policy (FASDEP)...
The President, Nana Addo Dankwa Akufo-Addo, has assured that the health status of all students returning to school this week would be prioritised even as the cases of COVID-19 continue to rise. In his regular address to the nation on COVID-19, he stressed that all efforts are been undertaken to...
The manager of government’s stimulus package, the National Board for Small Scale Industries, has extended the deadline for applications from June 20 to June 26, 2020 - which effectively means it has been extended by six days. The decision is to give trade and business associations more time for members...
In a bid to stamp out corrupt revenue collection officials in the country, the Ghana Revenue Authority (GRA) together with the Ministry of Finance have established a Tax Audit and Quality Assurance Unit. The new department will deal with all complaints of corruption and ensure that the public gets redress...
Ecobank Ghana has been accredited by the Green Climate Fund (GCF). It therefore becomes the first entity in Ghana, and the first commercial bank in sub-Saharan Africa, to be accredited to the Fund. By this accreditation, the bank attains direct access to funding for financing climate change mitigation and adaptation...
Executive Secretary of GHATOF Emmanuel Frimpong’s call on government to consider upgrading the nation’s tourism facilities to attract more international and local visitors is very important and timely. Over the years, the country’s tourism infrastructure has not seen any significant facelift - and this flies in the face of positioning...
  An opportunity has presented itself for the country’s large informal sector to be formalised. The Trades Union Congress (TUC) is urging the state to use the database it is collating for SMEs to access the stimulus package it recently pledged the micro, small and medium enterprises, to formalise the...