The Ministry of Fisheries and Aquaculture Development started implementation of a three-year moratorium on new entrants to the artisanal fisheries sector last year; however, low compliance with the directive appears to be a major challenge.
The three-year moratorium was intended to deter new canoe entries into the sea due to...
The Bank of Ghana (BoG) has in a statement firmly rejected assertions that the country lost US$8billion over the past two years due to Financial Technology companies (FinTechs) and Money Transfer Operators (MTOs) withholding funds.
This was meant to address recent media discussions regarding the involvement of Financial Technology companies...
There is growing concern about the country’s ability to meet its nationally determined contribution (NDCs) to greenhouse gas emissions as required as part of climate change mitigation measures.
The total cost for meeting Ghana’s NDCs between 2020-2030, stands at roughly US$22billion as part of the Paris Agreement.
This fact was highlighted...
News that the Environmental Health Management and Sanitation Units (EHS) of the Ministry of Local Government and Rural Development reports over 626,000 cases of food-poisoning each year doesn’t make pleasant reading.
Particularly when it results in approximately 298,100 hospitalisations annually, and over 90,000 deaths. Government incurs losses exceeding US$70million annually...
Cost of government short-term borrowing is projected to decrease in second half of the year, coinciding with an anticipated decline in inflation. Interest rates tumbled once again across the yield curve, in line with falling inflation.
Treasury bill (T-bill) yields resumed their decline following a 190 basis points (bps) decrease...
Provisional data from the Ghana Statistical Service (GSS) have shown that the economy grew by 4.7 percent year-on-year in the first quarter of 2024, significantly outpacing the 3.8 percent growth recorded for the same period last year.
This performance underscored the resilience and dynamism of key sectors, positioning the nation...
Ghana’s large informal sector, with its limited access to traditional banking services, can best be assisted through the power of financial technology (FinTech).
This has been amply demonstrated by Telecel Ghana’s Director of Mobile Financial Services and Digital Transformation, Philip Amoateng, who shared some insights at the University of Ghana...
A recent survey conducted by the Data Insight Group | JOB Group Limited and Chartered Media Consult, which polled voter sentiments and preferences of 134 participants, revealed a significant shift in voter priorities leading up to the December 2024 general elections.
The study highlighted that the economy, employment opportunities and...
An expected US$1 billion injection from development partners by year-end is expected to bolster the economy , Finance minister, Dr. Mohammed Amin Adam, has stated.
It comes amidst glimmers of broader economic recovery with Gross Domestic Product (GDP) surpassing its 2023 growth target, achieving a 2.9 percent appreciation.
Albeit, the cedi continues to...
Leading exporter of fresh bananas to the European Union (EU), the Golden Exotic Limited (GEL), has suffered immeasurable damage to its activity by the recent spillage of the Akosombo Dam.
Damage to its farms caused by the spillage-induced flood exceeds €1.825million. This includes flood damage to crops, machinery, infrastructure and...