but lack of finance, expertise et al threaten sustainability Despite accounting for 85 percent of employment in the manufacturing sector, Micro-, Small- and Medium Enterprises (MSMEs) continue to face a myriad of challenges, says the Ghana Enterprise Agency (GEA). The MSME space, it lamented, is constrained by lack of finance,...
Newly appointed Minority Leader, Dr. Cassiel Ato Forson has urged the support of the minority caucus in Parliament, and the National Democratic Congress (NDC) party to enable him discharge his duty with unwavering dedication and high integrity. Addressing the media in Accra on Thursday, January 26, 2023, the Ajumako-Enyan-Essiam MP...
As part of its expansion plans, Ekumfi Fruits & Juices Limited is set to step-up production to satisfy demands of the local market and begin exporting to the United States (US), United Kingdom (UK) and United Arab Emirates (UAE). It also intends to introduce about three new products to the...
The Institute of Economic Affairs (IEA) has proposed measures which could help government save over GH¢45billion annually, and lessen the impending Domestic Debt Exchange Programme’s (DDEP) impact on the economy. Anchored on fiscal measures - expenditure cuts and ambitious revenue mobilisation as well as the need for burden sharing -...
Despite a difficult start to the year, the bond market saw a slight improvement last week - with trading volumes increasing by 344 percent from GH¢581million to GH¢2.58billion. The Domestic Debt Exchange Programme (DDEP) extension expectedly provided some holders with an opportunity to rebalance their portfolios, as well as allow...
Government has been urged to also pay attention to getting a better deal with regard to the country’s external debt while it engages stakeholders on the Domestic Debt Exchange Programme. Given the proportion of external debt to domestic debt, experts who made this call say it has become imperative as...
Meditour Travel and Hospitality Services, in partnership with the South African High Commission, has launched their maiden Medical Tourism travel package in Accra. Speaking at the launch ceremony, executive director of Meditour Travel and Hospitality Services, Mr. Russell Banful, indicated that his company’s aim is to help Ghanaians access quality...
The Board of Directors of Ghana’s premium high-definition (HD) satellite broadcast service provider, SES HD PLUS, has appointed Adelaide Ahovy Abbiw-Williams as Chief Executive Officer effective January 1,2023. Most recently, Adelaide was responsible for launching HD+ in Ghana, where she successfully positioned HD+ as the preferred choice for quality TV...
The development and acceptance of digital currencies in Africa have been truly monumental. Although in 2022, the digital asset industry saw several high-profile breaches of trust and was largely characterized by volatility, the adoption of cryptocurrencies within the continent continued to grow. There has also been a shift in...
Ghana’s expenditure has been driven by interest expenditure and the only option would be to restructure both its external debt as well as the huge and expensive domestic debt. Also, the persistent depreciation of the local currency against the US $ has contributed the unsustainable debt levels It can...