While two sectors, industry and services, were decimated by the impact of the coronavirus pandemic as they experienced contraction of 5.7 percent and 2.6 percent respectively, agriculture rather saw a growth of 2.5 percent in the second quarter, according to data released by the Ghana Statistical Service (GSS).
The agriculture...
Debt accumulation and sustainability relative to gross domestic product (GDP) in Ghana’s economy have been a major concern to a cross-section of citizens, economic, and financial analysts in recent years.
The debt-to-GDP ratios recorded by Ghana in recent years are as follows: 2012 = 35.58%; 2013 = 43.22%; 2014 =...
… to transform auto buying, selling experience for consumers
Autochek, the automotive technology company recently founded by Etop Ikpe, former Cars45 chief executive officer, has announced the acquisition of Ringier One Africa Media-owned (ROAM) vehicles marketplaces of Cheki operations in Nigeria and Ghana.
The new platform will relaunch by the end...
Japanese Prime Minister Shinzo Abe’s unexpected resignation last month for health reasons has raised many questions about the legacy of the country’s longest-serving premier. One of them is whether his successor, Yoshihide Suga, will be able to continue Abe’s geopolitical balancing act as tensions between China and the United...
The occurrence of the COVID pandemic may have turned a lot of things upside down. But on the bright side, it has revealed new possibilities by questioning existing structures and working cultures.
One of such new structures is “working from home”. Before COVID-19, there were few companies that practised this...
Industry, services contract
Economist calls for inclusive policies to sustain growth
It is the sector given the least support; it is the sector with the highest number of aging workforce; it is the one that is least attractive to the youth.
But it is this same sector – agriculture –...
The food and beverage market in sub-Sahara Africa (SSA) is projected to grow by US$1trillion in value by 2030, according to World Bank.
While this presents a huge growth potential, the industry in Ghana remains largely import dependent, with few big players along the production and processing value chain.
But for...
…blames COVID-19 constraints on businesses
The Kumasi Metropolitan Assembly (KMA) would be losing GH¢8 million, a quarter of its projected tax revenue of GH¢32 million for the year, due to the impact of the outbreak of coronavirus (COVID-19) on businesses within the metropolis.
The assembly, was expecting to use part of...
The Senior Minister Yaw Osafo-Maafo has charged Ministries, Departments and Agencies (MDAs) to strive to implement some internal reforms and ensure that their organisations are able to render efficient and accountable public service and not rely on donors to fund these reforms.
“All our reforms have been supported externally, and...
The Ghana Revenue Authority (GRA) has said it is taking steps to address the recent brouhaha and accusations regarding under-declaring of taxes among telecommunications companies in the country; saying it is working on forwarding letters to them in a move to retrieve the ‘lost’ monies.
This comes after the Minister...