Ericsson (NASDAQ: ERIC) affirms its commitment to Africa by concluding a leadership-led visit delegation engaging with key partners, customers, and industry leaders in Ghana. The engagement accentuates Ericsson’s dedication to advancing Africa’s Information Communication Technology (ICT) and network infrastructure, enabling sustainable connectivity, bridging the digital divide, and driving digital...
Yields on the Treasury market are consistently increasing, presenting a substantial risk to government's ability to sustain its debt following the unprecedented domestic debt exchange programme (DDEP). During the most recent Treasury bill auction, yields experienced marginal increases in line with market expectations. The 91-day bill saw a 24 basis...
A new regulation to block foreigners from purchasing cashew nuts directly from the farmgate will soon be enforced to make trading the commodity the sole preserve of Ghanaians, deputy Chief Executive Officer, Operations at the Tree Crop Development Authority (TCDA), Foster Boateng, has revealed. Mr. Boateng disclosed to the B&FT...
The Ghana Chamber of Bulk Oil Distributors (CBOD) has said it is not in any way opposed to government’s gold for oil programme. Its Chief Executive Officer, Dr. Patrick Ofori, explained that the Chamber is also not against involvement of the Bulk Oil Storage and Transportation Company (BOST) in managing...
The Chief Investment Officer of Axis Pensions Trust, Nana Wiafe Boamah, has said entrusting certain state-owned enterprises (SOEs) into competent hands could foster a vibrant capital market. He explained that by opening up the ownership of certain SOEs such the Electricity Company of Ghana (ECG) and Ghana National Gas Company...
The Institute of Economic Affairs (IEA) has raised concerns over some vagueness associated with the financing and implementation of balance of payment (BoP) support the country will receive under the current programme of the International Monetary Fund (IMF). While government communication throughout the negotiations has always maintained that the IMF programme...
President Nana Addo Dankwa Akufo-Addo has said the country is poised more than ever to build an all-inclusive thriving tourism economy - not only in the sub-region but the entire continent. The president was speaking at the opening ceremony of a two-day Presidential Summit on Tourism at the Peduase Lodge,...
The Ghana Fintech and Payment Association is warning against any attempt to tax the sector, saying such a move will stifle growth of the nascent sector. With the International Monetary Fund (IMF) justifying the adoption of three tax mobilisation measures including Income Tax, Excise Duty and Growth and Sustainability –...
"The world is on the verge of a global food crisis, with a rising number of people experiencing hunger and food insecurity…" according to the latest United Nations Sustainable Development Goals Report. Citing recent global challenges, including climate change, growing conflicts and widening inequalities, the report warns that global food...
As of this year, there are south of 600 million registered mobile money accounts registered around the world with transactions valued at US$600 billion. While this is, on the face of it, a tremendous business opportunity, it amounts to a lot more than mere dollars and cents, it is...