The Global Competitiveness Index 2017-2018 report by the World Economic Forum indicates that access to finance difficulties, high taxes, and corruption are the three-leading challenges confronting the private sector in Ghana. The data, which ranks on a scale of 0-20, assesses the 16 most problematic factors confronting businesses in all...
With an allocation of over 6 percent of Gross Domestic Product (GDP), Ghana’s spending on education is among the highest in Africa, a World Bank report indicates. This is above the global average of 5 percent expected of every country - although it is behind Swaziland, which has the highest...
The central bank has begun stakeholder engagements toward establishing an apex body for the problematic microfinance sector, in the likeness of the ARB Apex Bank which regulates rural and community banks. In the wake of the DKM and other scandals, some players in the sector have been telling the B&FT...
By popular demand, Jumia Ghana has extended this year’s Black Friday slated for November 24th to December 8th to December 15th. This is to give customers’ ample time to buy all affordable and discounted items they wish to purchase for the season. It is discount raining season for all customers...
Guaranty Trust Bank (Ghana) Limited’s superiority in technology and electronic banking has been given further endorsement, as Ria Money Transfer - a subsidiary of Euronet Worldwide Inc. which specialises in money remittances - has named the bank ‘Best Technology-Driven Bank Partner’ in 2017. The progressive global remittance services company has...
Ranking Member of the Committee on Foreign Affairs and MP for North Tongu, Samuel Okudzeto Ablakwa, is urging Parliament to intervene in ending the maltreatment that are meted out to Ghanaian visa applicants by the various embassies in the country. He wants the legislature to play a frontline role in...
Southeast Asian nation targets 300,000mt to Ghana next year West Africa imported 1,000,000mt in 2016 In just the first three quarters of 2017, the country imported 213,000 tonnes of palm oil from Malaysia, valued at US$149.1million and representing more than 70 percent of total imports of the commodity within...
The Institute for Fiscal Studies (IFS) has said the over-GH¢2.7billion shortfall in government’s domestic revenue in the first half of this year must trigger an extensive strategy to boost government’s domestic revenue. Executive Director of the policy think-tank, Prof. Newman Kusi - speaking at the institute’s 2018 pre-budget forum -...
The first tranche of GH¢6 billion of the GH¢10 billion energy bond, which saw bids open yesterday, is expected to deepen the local corporate bond market. With a total of GH¢36.64billion corporate and government bonds and notes listed on the Ghana Stock Exchange (GSE), only GH¢570.55million - representing 1.56 percent...
An issue under current discussion is whether Ghana should add the ESLA-backed Energy Bond it is about to issue to public debt, instead of remaining on VRA’s Balance Sheet—as assigned to a special purpose vehicle (SPV) called ESLA Plc. ESLA means Energy Sector Levy Act, 2015 (Act 899). Ghana has...