The country is increasingly losing its credibility as a source of quality cashew nuts due to bad post-harvest practices by some farmers and aggregators, Jerry Anim of the Directorate of Crop Services at the Ministry of Food and Agricultural has disclosed to the B&FT. Ideally, the international market requires that cashew...
Say requirements pose danger to industry growth The Cyber Security Authority’s “intrusive” requirements for securing licence and accreditation could lead to the nascent industry’s death in the country, some aggrieved cybersecurity professionals have warned. According to them, the long list of requirements to be met - including a background check...
AZA Finance Country Manager, Nana Yaw Owusu Banahene, has highlighted the development of cross-border payments and other underutilised financial services as the next big step for financial technology (fintech) in Africa. Speaking ahead of The Money Summit (TMS) 2023, which comes off on May 9 under the theme ‘Africa’s Robust...
set to triple, quadruple salaries Amid the elevated cost of living as a result of exchange rate volatility and other inflationary pressures, Ecobank Ghana has relaunched its Double Salary Promo in partnership with the National Lottery Authority (NLA), to offer salaried workers an opportunity for additional income. Speaking at an...
as USAID hosts women in agribusiness The United States Agency for International Development (USAID)-supported initiative, Ghana Mobilising Finance in Agriculture (MFA), is committing up to US$261million in loans to expand financing to agribusinesses - including women-led small and medium-size enterprises (SMEs) in the agricultural sector. The money, according to the...
Some players in the start-up space have re-echoed the importance of a cohesive and strong ecosystem to drive growth, address unemployment issues and make a significant economic contribution. While acknowledging the ecosystem's continuous growth, stakeholders who spoke at the Ghana Startup Stakeholders Assembly in Accra argued that as players continue...
Limited access to bank credit by SMEs has been further exacerbated by the domestic debt exchange programme (DDEP), necessitating a focus on the impact investing approach by banks alongside their financial returns. It is to this end that Dr. Richmond Odartey Lamptey, a private equity consultant and lecturer at the...
Today marks the 30th anniversary of World Press Freedom Day. Three decades have passed since it was proclaimed in 1993. This notwithstanding, media freedom, safety of journalists, and freedom of expression are increasingly under attack, which impacts the fulfilment of other human rights. We use the occasion to congratulate practitioners for their...
Industry associations, sector organisations, industry leaders and experts gathered to share industry trends and insights and presented innovative solutions and best practices which will contribute to the development of the industry on the continent. Leo Chen, President of Huawei Sub Saharan Africa, said that the quest for global carbon neutrality,...
Aware of the DDEP’s potential impact on the financial sector, steps are being taken to mitigate that impact by establishing the Ghana Financial Stability Fund to, among others, provide solvency and liquidity support to eligible financial sector institutions. The Financial Stability Fund (FSF) is finally set to come into play...