MIGA, a member of the World Bank Group, has issued guarantees of up to US$235million to a wholly-owned subsidiary of South Africa’s FirstRand group for a period of up to 15 years, covering the subsidiaries’ mandatory reserves held as per regulatory requirements in Botswana, Eswatini, Ghana, Lesotho, Mozambique, Nigeria...
The virus pandemic has had disastrous impact on the Ghana, with every facet of the economy taking a knock. Disruptions to commercial supply chains and trade and a subsequent business shutdown had a tolling effect on jobs, livelihoods and disposable incomes.
The first among many other lessons that the pandemic...
Softest rise in output in 2021 so far
Joint-fastest increase in charges since November 2018
Business sentiment at 14-month low
The final month of the second quarter of 2021 saw further growth in the private sector, with output, new orders and employment all increasing in June. That said, rates...
The inflation rate has decreased significantly, to 45 percent in March 2023 from the rates recorded for January and February 2023, which were 53.6 percent and 52.8 percent respectively.
Despite the drop, inflation is still four times higher than the Bank of Ghana's (BoG) upper policy target of 10 percent.
According...
The Joint Action Plan was developed following an EIB delegation meeting with the African Development Bank in February 2020
The African Development Bank (AfDB) and European Investment Bank (EIB) signed a joint partnership action plan highlighting their strengthened cooperation and mutual development priorities, and a strong shared emphasis on boosting...
Director of the Institute of Statistical Social and Economic Research (ISSER) at the University of Ghana, Professor Peter Quartey, has urged government to ensure engagement with the International Monetary Fund (IMF) are formulated around home-grown policies on agriculture and industrial transformation that will make the economy robust.
Speaking to journalists...
If management can’t trust you with one pesewa, management won’t trust you with one cedi
This bite brings out some of the myths in leadership and even some of the bloopers we commit unconsciously, subconsciously and even consciously at the workplace. You often hear this at the workplace: ‘when I...
Chief Executive-Stanbic Bank Ghana, Kwamina Asomaning, has emphasised the need for banks to adopt data analytics to transform the overall banking experience for customers. Mr. Asomaning made this remark at the maiden Ghana Automotive Summit, organised by the Automobile Assemblers Association of Ghana and held at the Accra International...
The leadership of Ghana Integrated Aluminium Development Corporation (GIADEC) have paid a courtesy call on the management of Business and Financial Times (B&FT).
The GIADEC delegation led by its CEO, Michael Ansah, included Charles B. Janney, Director, Human Resource and Administration; and Kojo Yankah, Executive Assistant/Head of CEO’s office.
In a...
USAID-supported Feed the Future Ghana Policy LINK has recommended policy changes in the current Ghana Fertiliser Expansion Programme (GFEP), which expires in 2024, to address bottlenecks in the domestic fertiliser market and boost agricultural productivity.
Operationalising the GFEP, a five-year strategic framework, is aimed at promoting a viable agro-industrial economy,...
