Mark Badu-Aboagye, CEO of the Ghana National Chamber of Commerce and Industry (GNCCI), has noted that anxiety is high in the SME sector due to the COVID-19 pandemic. He made the disclosure at the B&FT’s online forum, ‘Ghana’s Most Respected CEOs’, held late last week. The anxiety, he noted, is...
Bank of Ghana Governor, Ernest Kwamina Addison, has cause to worry about the country’s ballooning budget deficit. He expressed the opinion that Ghana needs to raise more domestic revenue to tackle a ballooning budget deficit that could exceed 7% of GDP this year, as growth shrivels due to the...
Yesterday, the Business and Financial Times (B&FT) held a webinar under the theme: ‘Managing an anxious work force during and post COVID-19’ with human resource experts and the overwhelming verdict was that open and honest communication is crucial. Director of Human Resource, Vodafone Ghana, Hannah Ashiokai Akrong observed that the...
Ghana’s fight against the novel coronavirus has received a welcome boost of support from the Global Quality Standards Programme (GQSP) for the development of standards for personal protective equipment (PPEs), sanitizers and related items. The UNIDO-GQSP collaboration has developed a national standard for alcohol-based hand sanitizer and a publicly available...
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...