As the country moves to firm-up its development and utilisation of renewable energy potential, the Electricity Company of Ghana (ECG) and the Northern Electricity Distribution Company (NEDCo) have been given December as the deadline to submit business models for the integration of distributed renewable energy generation.
Vice President Dr. Mahamudu...
General stability in food prices has marginally cut the Consumer Price Index for September by a 0.1 percentage point from the 12.3 percent recorded in August, the Ghana Statistical Service (GSS) has said.
“In August, about four sub-groups in the food basket recorded rates higher than the group’s rate. But...
Indigenous banks are in a race against time to increase their total paid-up capital to GHS 400 million before the December 31, 2018 deadline set by the central bank of Ghana.
An analysis of the July 2017 paid-up capital, income surplus, and capital shortfall of banks reveals that decade-old major...
The country’s fishing industry is currently on life-support, as figures by the Ghana Statistical Service (GSS) show that it is the only sub-sector of the agriculture sector that is currently experiencing contracting growth.
Quarter two GDP figures show that fishing sector growth has plummeted from 3.6 percent in the first...
The National Petroleum Authority has been mandated to hire 200 auditors to ensure that safety standards are fully complied with at all gas stations in the country.
The auditors will move from station to station to ensure that safety equipment such as CO2, foam and others are all in place.
The...
The Dubai International Chamber of Commerce, Ghana Office, is in an association of business operators with interests spanning all sectors of private enterprise, and is organising a 7-day investment promotion mission to Dubai.
The objective of the trade mission is to directly attract foreign investments, and also provide new opportunities...
In 2016, Ghana, the second largest gold producer in Africa, and the eighth largest globally, legally produced 96 Metric Tons (“MT”) of gold. On average, Ghana produces approximately 100 MT annually. At April 1, 2017, the Bank of Ghana (“BoG”) Gold Reserve amounted to 8.70 MT, (it has not...
Optimal Reserve Ratio (Gold Reserve / Foreign Reserve)-Targeting (30%) , in tandem with Inflation-Targeting
The present Government's Cedi stability policies are recycled from 2000 - 2008 (Pre - Global Financial Crisis), and inappropriate for today's global monetary environment (Quantitative Easing dilutes Ghana's Cash Reserves), and some negative nominal interest rates...