While the country received an amount of US$776.5million from international donors between 2013 and 2017 to address climate change issues, fears arise that despite the huge amount and efforts required to tackle the growing concerns of climate there is no comprehensive climate change legislation to guide activities. The United States...
Relying heavily on development partners for continuous support cannot deliver long-term benefits to the nation's economy.  This therefore renews calls for the country to create and execute a strong domestic national development programme. Professor Alexander Bilson Darku - a Senior Fellow at the Institute for Economic Affairs (IEA) - believes...
Ghana is a net importer of fish and seafood products. In 2022, the country imported approximately US$145million worth of seafood - down 13 percent from the US$164million in 2021. The top-three seafood-supplying countries to Ghana in 2022 were Mauritania (US$37.2million), followed by China (US$18.2million) and Morocco (US$16.6million). Faroe Islands, Spain, Norway,...
Automobile manufacturers, Volkswagen (VW) Group, is calling for urgent forward-looking policies, backed by strong political will and the adoption of globally acceptable fuel standards to protect the environment, as well as prolong the life-span of vehicles. Addressing journalists from the Africa region in Kariega-South Africa, chairperson and Managing Director for...
World Bank Country Director Pierre Frank Laporte suggested that the Power Purchase Agreements (PPAs) with Independent Power Producers (IPPs) are a major contributor to the current economic woes the country finds itself facing today. He indicated that the PPAs are not only expensive but also the contractual terms and arrangements...
John Bewuah Edusei, the newly-appointed Vice President of Confederation for the Development of Poultry in Africa (CADA), has called for commitment to revive the local poultry industry and agricultural industry as a whole. Mr. Edusei cautioned that the country’s failure to transform the agriculture sector could result in hunger and...
Government is being urged to use the mid-year budget to review some of the revenue measures introduced in the 2023 budget. Country Managing Partner of Deloitte Ghana, Daniel Owusu, made this point at the 7th Ghana CEOs Summit and Expo held in Accra this week, so as to reduce the...
According to the Bank of Ghana's summary of economic and financial data, there was a marginal increase in gross reserves for April - rising from US$5.1billion in March to US$5.2billion at end of the year’s fourth month. Therefore, the nation's gross reserves are expected to experience growth following approval and...
Positive signs of recovery in the country's banking sector are being seen, Bank of Ghana (BoG) Governor Dr. Ernest Addison has said. During a press briefing at the 112th Monetary Policy Committee (MPC) meeting this week, Governor Addison said despite the Domestic Debt Exchange Programme’s (DDEP) impact and overall difficult...
Director-General of the Internal Audit Agency, Dr. Eric Oduro Osae, has disclosed that government initiated processes to restructure the Internal Audit Agency and effectively prevent financial irregularities in the public sector. The move is part of measures to ensure judicious utilisation of the International Monetary Fund’s (IMF) US$3billion three-year extended...