The greatest challenge confronting the economy is how to create decent jobs for the millions who are desperately seeking them, the Ghana Trades Union Congress (TUC) has lamented. In a statement titled Proposals for the 2018 budget and economic policies of government, the union said: “We expect the 2018 budget...
Ghana’s hopes of raising a debt without sovereign guarantee did not yield the expected results, and the outcome has been met with mixed reactions from industry and academia. A statement from ESLA Plc. - the Special Purpose Vehicle (SPV) established to raise the bond with backing from the Energy Debt...
Standard Chartered Bank Ghana Limited has recorded a profit before tax of GH₵331million in the third quarter of 2017. The figure represents a 25% growth in profits, compared to the same period in 2016 which the company recorded GH₵264million. The bank in its third quarter 2017 financial results released Tuesday said,...
The nation’s value of rice imports reached US$1.2billion in 2015, an 800 percent increase from US$152million in 2007, the Minister of Agriculture Dr. Owusu Afriyie Akoto has said. “I have been able to assemble data which clearly confirm that over the past ten years the volume and value of food...
The maiden edition of the Ghana Accountancy and Finance Awards came off at the Movenpick Hotel, Accra, with financial industry big-names walking away with the honours. Abiola Bawuah, CEO of UBA Ghana, was adjudged Finance Personality of the Year - adding to the growing portfolio of awards she has picked...
By the year 2020, demand for tertiary school admissions is expected to be massive as the country awaits the maiden graduation of over 400,000 Free Senior High School (SHS) students who will be applying for entry into the various tertiary institutions. The reality is that this single batch of free...
The Association Rural and Community Banks (ARB) has asked the Bank of Ghana (BoG) to come to the aid of rural banks that are in distress rather than closing them down. President of the Volta Chapter of the ARB, Mr. Simon Nero Davor, said a number of rural banks are...
The total assets of rural and community banks (RCBs) have hit GH¢3.44billion, as at the end of the second quarter of 2017, and constituted 3.4 percent of total assets for the entire banking industry in Ghana, the Bank of Ghana (BoG) has disclosed The total deposits of RCBs stood at...
As the country awaits the presentation of the 2018 budget soon, we take a look at the three main critical sectors of the economy—Agriculture, Industry, and Services—to see how they are faring and the various happenings in these sectors and also consider some of the policies in place by...
For a considerable period of time now, the country’s economy has been dominated by the Services Sector. The sector comprises trade, repair of vehicles and household goods; hotels and restaurants; transport and storage; information and communication; financial and insurance activities; real estate, professional, administrative, public administration; education; health; commodity,...