Outspoken financial analyst Kenneth Thompson is predicting scarcity of cash in the economy next year, despite the optimistic tone of government in the 2018 budget. Alluding to the budget’s allocation of more than 80 percent of revenue to the payment of salaries and interest on loans, Mr. Thompson noted that...
The Ministry of Fisheries is to target key institutions like the prisons, military, schools and colleges in the production of catfish and tilapia as part of a new initiative to help reduce the country’s fish import bill. The country consumes an estimated 980,000 metric tonnes of fish per annum, out...
The Ghana Football Association (GFA) has outlined a number of forward thinking measures expected to contribute to making football, particularly the domestic league, competitive and attractive as it was in the 90s. Among the new reforms that the GFA wants to introduce include the forfeiture of points for teams that...
Government has said it will offer free training to about 6, 000 startup businesses as part of the National Entrepreneurship and Innovation Plan (NEIP). The training will be coordinated by the Ministry of Business Development, its Acting Chief Director Joe Tackie said. “About two weeks ago we launched a massive National...
Work on the construction of an US$11.5 million state-of-the-art, fully customised wastewater treatment plant (WWTP) in Kumasi to solve the environmental and sanitation problem in the Ashanti Region will begin this month. The (1000 m3/day) project, which is being executed by a Hungarian company, Pureco, will be the first facility...
The Peasant Farmers Association of Ghana (PFAG) has called for clarity on initiatives under the Akufo-Addo Programme for Economic Transformation (AAPET), saying, it may lead to duplication of initiatives. Government, in the 2018 Budget, said the AAPET initiative will, among other things, set up a GH₵400 million fund to de-risk...
The Registrar-General’s Department announces for the Information of Companies Limited by Shares and Guarantee, Partnerships and External Companies that the penalty regime for non- filing of Annual/ Nil Returns is still in force. We wish to state that Companies and Partnerships that have not as yet filed their Annual or...
Though Ghana’s economy has improved over the course of 2017, it registered gross domestic product growth of just 3.5% in 2016, its lowest level in two decades. But if the market as a whole was depressed over this period there is little evidence that it troubled the 2017 country winner,...
AngloGold Ashanti Iduapriem Gold Mine received three prestigious awards at the 2017 Ghana Mining Industry Awards (GMIA), organized by the Ghana Chamber of Mines in Accra. The GMIA seeks to promote, recognize and celebrate outstanding achievement and excellence in the mining industry. The three awards won by Iduapriem Gold Mine...
2017’s GITTA “Digital Bank of the Year” award winner, Guaranty Trust Bank (Ghana) Limited has concluded the full integration of Ria Money Transfer’s Direct to Bank Account service, which allows senders to have funds directly credited to beneficiaries of GTBank accounts in as little as 15 minutes. The service also...