Global automobile company, Volkswagen has established an Assembly Facility in Accra’s North Industrial Area, and is the first automobile company to sign a Memorandum of Understanding (MOU) with the Ministry of Trade and Industry to establish a vehicle assembly plant in Ghana. Government, as part of its transformational agenda has identified...
Global crude and refined product price fluctuations is causing distress and taking a heavy toll on Ghana’s downstream markets, resulting in Bulk Oil Distributors losing millions of dollars, and throwing many indigenous Oil Marketing Companies out of business. Out of the 130 oil marketing companies operating in the country, 50...
As the continent gradually eases restrictions on the COVID-19 pandemic, it will be interesting to zoom into the virtual webinar next week on July 7 that will discuss policy actions for Africa’s economic rebound in the aftermath of the COVID-19 pandemic. The African Center for Economic Transformation (ACET) will host...
World Sickle Cell Day is marked on 19th June every year ever since it was officially designated by the UN in December, 2008, and first commemorated in June, 2009. In Ghana, about 15,000 babies are born with Sickle Cell Disease (SCD) every year. SCD is a group of inherited red...
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...