Monday, December 5, 2022
The recent downgrade of the Treasury’s long-term issuer by Moody’s Ratings – from a Caa2 to Ca with a stable outlook – should not be cause for immediate alarm, as market observers had anticipated the development and factored it into their decision-making, Economist and Research Lead at GCB Capital,...
Though agricultural sector spending as a percentage of total government expenditure in 2023 increased marginally to 1.95 percent above the previous year’s figure of 1.86 percent, the Peasant Farmers Association of Ghana (PFAG) has expressed concern that the allocation is still far below the expected 10 percent commitment made...
The Ghana Revenue Authority (GRA) has begun enforcement of VAT compliance at stone and sand quarry sites across the country, with the aim of shoring-up revenue to meet its GH¢80.3billion tax target for the year. The Authority says its ongoing activity forms part of a series of enforcement to be...
Government is targetting to save about US$3billion in foreign exchange yearly from the proposed gold for oil barter policy, Vice President Dr. Mahamudu Bawumia has revealed. The policy seeks to accumulate domestically mined gold in exchange for finished petroleum products, which he explains will reduce demand for foreign exchange to...
The country has made some significant gains in its annual petroleum revenue, recording US$1.16billion as of third-quarter - which is US$550.53million more than it realised for same period last year. This amount translates to an 89 percent increase compared to the previous year, 2021, petroleum receipts of US$618.46million. The surge in...
Nutrifoods Ghana Limited, the nation’s biggest culinary manufacturing facility, received the National Quality Award (Gold Category) at the just-ended Ghana Industry & Quality Awards held in Accra by the Association of Ghana Industries (AGI). The company was decorated with the award for distinction in promoting quality control during its manufacturing...
The current economic conditions pose a critical challenge to any senior manager or board member in the country, as they struggle to lift corporate Ghana from the economic meltdown’s negative effects, said Ken Ashigbey, Chief Executive Officer (CEO) of the Ghana Chamber of Telecommunications,. Given the times in which these...
Vodafone Business has advised rural banks in Ghana to take advantage of technology to drive business growth. Speaking at this year’s Association of Rural Banks Annual General Meeting (AGM) and Excellence Awards, Alfred Neizer - Vodafone Ghana’s Head of SME and SoHo said: "Lockdowns forced banks to take the customer...
Three trade leaders including the president of the Ghana Union of Traders Association (GUTA), Dr. Joseph Obeng; the West African Regional Director of CUTS International, Mr. Appiah Kusi-; and Executive Director of the EXIM Frozen Foods Association-Ghana, Michael Obiri-Agyei, have described the central bank’s current policy as a rushed...
Access Bank Ghana Plc. has signed a Memorandum of Understanding with the Ghana Export Promotion Authority (GEPA) to partner the first edition of the Regional Women Icon Market Project. The partnership is in line with the bank’s objective of promoting financial inclusion and supporting the SME sector to thrive. The Regional...
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