The Cedi sold off sharply, tumbling to a fresh record low 14.01 from 12.50 at last week’s close as the country experiences its worst economic crisis in years. Ghanaian MPs this week called on President Nana Akufo-Addo to fire Finance Minister Ken Ofori-Atta in a bid to restore market confidence,...
Ghana risks a major food crisis at any future eventuality, as the current national food stock data suggest reserves hold just about 8.2 percent of major staples consumed locally, the Chief Executive Officer of Farmer Globale, Fred Kukubor, has said. This development implies that there could be severe hunger for...
The need to prioritise the development of indigenous petroleum resources has become even more critical for two key reasons: the energy transition and energy security in a volatile energy market. Recent global geopolitical issues and energy trends teaches Ghana that lesson - to prioritise its God-given oil and natural...
A number of factors, including but not limited to the domestic pool of technology talent, historical and ongoing innovations, a proactive sector regulator, and a stable geopolitical landscape, have left a number of experts bullish about the local technology-inclined start-up ecosystem’s prospects. The experts, drawn from various facets of the...
The Bank of Ghana has revoked the licences of two forex bureaus operating in Accra for several breaches of the Forex Bureau Act. The two companies - Trade House Forex Bureau Ltd. and Aiport City Forex Bureau Ltd. - which are under the same ownership, according to Head of Other...
The country’s industrial travails can be put to bed if the right balance between access to cheap, patient capital and the requisite skills training can be struck, experts at the 11th Ghana Economic Forum (GEF) have said. After starting off as a trail-blazer of industrialisation on the continent under Dr....
The Capital Finance International magazine has named the Ghana Investment Promotion Centre (GIPC) Africa's top investment promotion organisation for the fourth consecutive year. The GIPC actively defended the nation's favourable FDI status with a focused digitalisation effort that improved service delivery, promotional visibility and investor interaction, according to CFI.co's award...
The Ghana National Petroleum Corporation (GNPC) has pledged support to the National Science and Maths Quiz (NSMQ) competition in promoting the study of Science and Maths, which are the bedrock of our very existence as a society. The NSMQ seeks to promote the study of Science and Mathematics in the...
The Chief Executive Officer of the Ghana Export-Import Bank (GEXIM), Mr. Lawrence Agyinsam, last week hosted the High Commissioner of the Republic of Malta to Ghana, Jean Claude Galea Mallia, at the Bank’s head office at the Africa Trade House, Ridge, in Accra. The Chief Executive Officer of (GEXIM), Mr....
The Ghana Country Director for Mastercard Foundation, Rosy Fynn, says the foundation has robust plans underway to give enough preparation for entrepreneurs to help them take advantage of the huge opportunities the African Continental Free Trade Area (AfCFTA) brings. According to her, the Foundation as part of preparations has begun...