Sunday, November 9, 2025
Facebook Instagram Linkedin Twitter Youtube
Home Blog Page 4831

CCI France Ghana’s contributes to Foreign Direct Investment through Ghana Days

0

The Chamber of Commerce and Industry France Ghana has successfully kicked off a new initiative dubbed Ghana Days to attract French and Francophone companies extend their business activities to Ghana.

Ghana Days is an initiative which seeks to promote the Ghanaian market, its viability, lucrative and potential nature to foreign corporate giants, multinationals and investors. In collaboration with CCI France and CCI France International which is composed of 120 Chambers in 90 countries, the Managing Director of CCI France Ghana (CCIFG) Mrs Delphine Adenot-Owusu, awarded by WomanRising as one of the 60 corporate woman leaders in Ghana, embarks on a series of road shows where meetings, round table discussions and symposiums are held so as to draw investor’s interest.

With a grade B ranking above Nigeria (D) and Cote d’Ivoire (C) as published by Coface, Ghana’s business friendly environment which stands over the sub-Sahara average needs further promotion to French and Francophone markets. The rebound of the Ghanaian economy motivated and gave birth to the need for CCI France Ghana to use its worldwide network to educate moguls on the country’s welcoming market. Ghana Days is thus a product stemming from ways to fulfil this quest.

The maiden edition of Ghana Days was executed in June 2017 where Mrs Adenot-Owusu visited France. There her road trip took her to Paris where she attended a series of meetings as well as business speed-dating organised together with CCI France and CCI France International. From Paris, her next

destination was the French Region Alsace. There, roundtables where held which led to further follow up meetings with interested business giants who sought to have more information.  

The success of the maiden edition sparked conversation and further planning to execute more of these events but beyond France. The second leg of Ghana Days was thus planned for October. Bigger than the maiden edition, and also making more of an impact, Mrs Adenot-Owusu was invited to meet investors in Paris, Bordeaux and Rouen in France, followed by a symposium held in Lebanon. With each group, she spoke on the reasons why to invest in Ghana, the mutual benefit for the economy and for the investor or business, and engaged with participants to clarify misgivings, as well as shed more light on business implantation in Ghana.

These events have sparked collective trade missions to Ghana to meet with local businesses according to investor’s interest. With more Ghana Days already in play to take off in 2018, CCI France Ghana has positioned itself to be a promotor of the Ghanaian market.  

Early February, CCIFG will welcome the Cap Afrique seminar. A delegation of all the African experts from regional CCIs in France will come to Ghana to better understand the market and explore business opportunities. They will be visiting headline projects, meeting with key Ghanaian stakeholders as well as French companies across major sectors in Ghana. 

Through its activities locally and abroad CCIFG continues to contribute significantly to the global rising of activities in the France in Ghana network as well as to the benefits of its internal network made up of more than 110 members from diverse sectors in Corporate Ghana. 

Message from the President of CCI France Ghana

For the first time since 2011, Ghana has presented at the end of 2016 a positive balance of payments with a EUR 232.2 M (USD 247.4 M) surplus. This progression is mostly a due to the improvement of the current account balance and more particularly the trade balance, whose deficit went from EUR 2.9 Bn (2015) to EUR 1.6 Bn at the end of the year. In addition to this, FDI inflows have reached EUR 3.3 Bn in 2016 against EUR 2.9 Bn in 2015, thus an increase of 13.7% according to the UNCTAD, a progression that is being pursued in 2017.

Mr Patrick Prado, president of CCI France Ghana, Managing Director of Allianz Insurance Company Ghana Limited and nominated for the Ghana Expatriate Business award said “Ghana is not only a business friendly environment, but also a country which is open to global businesses”. For him, knowledge of its attractiveness can be better known abroad and mostly in France to the benefit of the local economy. He added that foreign direct investment is critical for developing and emerging market countries such as Ghana. The capital injected and companies that extend their business activity to Ghana will cause a positive effect through the stimulation of the country’s economic development. Employment generation arises from the new companies established by investors as well as new opportunities which in turn leads to an increase in income and more buying power to the people, resulting in an economic boost.

At CCI France Ghana, we decided to use our network to its advantage to better execute its objective as a partner in the France and Ghana network. By collaborating with French Chambers of Commerce in all the French regions and abroad, we are going out there to sell the Ghanaian market so as to attract more businesses to the country. By this initiative we have named Ghana Days a means by which this objective is being executed.  Business opportunities will be created to the benefit of the economy and also presented to our internal network by giving the platform to the members of the chamber to derive the most from the business network we have created.

CCI France Ghana

The Chamber of Commerce and Industry France Ghana is an association of companies and professionals belonging to different sectors which aims at supporting, fostering and enhancing bilateral trade and investment relations between French and Ghanaian companies. With over 20 business sectors represented, the CCIFG acts as a business support system to its members by providing information and business opportunities through informative events, market studies.

Ghana Days contributes significantly to the global rising of activities in the France in Ghana network so as to enhance the existing bilateral relationship between the two Republics.

 

Contacts

Delphine ADENOT OWUSU

Managing Director

[email protected]

 

Esinam AYIVOR

Communication and events coordinator

[email protected]

 

 

 

PwC sees “breather” in 2018 budget for businesses

0

Tax and Audit consultancy PricewaterhouseCoopers has said the 2018 budget statement and economic policy offers businesses the breathing space to focus on boosting their growth.

Speaking at PwC’s post 2018 budget forum, its Senior Country Partner, Vish Ashiagbor, said the budget “gives certainty and clarity to businesses so they can plan knowing that there would not be any radical change in the immediate horizon and that is what businesses like to see.”

According to the consultancy, the primary policies outlined in the budget statement focus on the creation of a conducive business environment which allows for the economic engagement of all Ghanaians, thus promoting inclusive growth without compromising fiscal consolidation.

“Projections for selected macroeconomic indices suggest that Ghana has good economic prospects over the medium-term, given prudent fiscal management, with a sound basis provided for the private sector to expand,” it said.

It is significant to note, however, that achieving these macroeconomic targets will require aggressive policy implementation as well as an ambitious adjustment and reform agenda,” Mr. Ashiagbor added.

Making choices

Finance Minister, Ken Ofori-Atta, who was the special guest at the event, said there were a lot of initiatives that were competing for government’s attention and resources.

Job creation is one of the major challenges for government, he said, hence, its decision to come up with the Nation Builders’ Corps programme, which is expected to give employment to at least 100,000 graduates.

“Sometimes, we have to make choices and the NBC is one of those choices. The unemployment situation has become a national security threat. Because of that you are torn between the rigidity of fiscal consolidation and an imminent explosion, and you have to make choices,” he said.

The minister said the decision to introduce NBC is one that has been carefully thought out and that risk to the rising wage bill will be contained. The programme, which was announced in the 2018 budget, will see the graduates deployed in areas such as revenue mobilisation, teaching, health, among other areas.

SMEs get US$50m gov’t support

0

Government has allocated US$50 million to the National Entrepreneurship and Innovation Programme (NEIP) to support SMEs with funding to expand their business so they can employ more.

In the 2017 budget, US$10 million was allocated to programme, and Finance Minister, Ken Ofori-Atta said, at the 4th African SME Summit, that “we believe that it will grow with the private sector being the influencing partner.”

As part of efforts to grow SMEs, government has also introduced a tax holiday of 3 to 5 years for entrepreneurs aged 35 years and below, based on the productivity of their companies and the number of people they employ.

Commenting on this, CEO of the NEIP, John Kumah, said entrepreneurs should brace up for the various forms of support government, through the NEIP, is providing.

“It is good news for Ghana and we urge entrepreneurs to take advantage of it. With the first stage of the application process, every applicant gets to get training. It doesn’t matter whether your business is registered or not, just apply. We have different stages of training; so, you will definitely qualify for one of the stages,” he said.

“As part of government policy to build a conducive environment for the private sector, it has introduced tax rebates for start-ups and young entrepreneurs in this country. It doesn’t necessarily mean only the owner should be 35 years or less. If majority of the employees are with that age group, the business can apply. So, we will encourage people to visit our website and apply,” he told the B&FT.

“We also have a Business Support Unit which is set up to assist small businesses with certain government policies which they will require clarity.”

Over 5000 businesses, he said, have applied to be part of the programme, 500 of which will be selected and supported financially with a maximum of up to GH¢100,000 depending on their need, with each enterprise expected to employ at least 12 personnel.

The two-day 4th African SME Summit was themed: ‘Micro-multinationals scaling up with technology’.

Moody’s sounds alarm on US$4.5bn bond repayment

0

Credit ratings agency Moody’s has warned that Ghana faces a severe risk of financing stress as a number of sovereign bonds issued by government in the past few years reach their maturity in the early 2020s.

According to a report issued by the ratings agency, Ghana faces principal payment worth US$1.75 billion between 2020 and 2023, and US$2.75 billion through 2026 on the four Eurobonds issued between 2013-2016.

The report said Ghana, like many sub-Saharan African countries that took advantage of relatively cheaper rates and longer maturities on these sovereign bonds relative to domestic bonds, lack the institutional capacity to manage financial emergencies.

Moody’s said the peak in sovereign bond issuance in 2014 coincided with a deterioration in credit quality. The growth outlook for the region dimmed due to a combination of weaker Chinese growth and lower commodity prices.

The latter reason, the agency said, also hit government revenue and export receipts and contributed to a worsening of fiscal and current account positions, while currency depreciation increased the cost of servicing foreign-currency denominated debt.

“The credit deterioration will test the institutional capacity of SSA sovereigns to manage these cash flows amid tighter financial conditions, particularly in an environment of higher global interest rates.

Several countries already exhibit similar vulnerabilities to past emerging market crises and sovereign defaults. These vulnerabilities include low levels of institutional strength, undiversified economic structures with limited sources of foreign-currency earnings, and high levels of indebtedness, particularly in foreign currencies,” Moody’s said in its report issued earlier this week.

Also, the agency stated that as more Sub Saharan African sovereign debt is held by international investors, an underlying concern is that these investors might start to treat SSA sovereign borrowers as a homogenous group and withdraw funding without differentiation, which could trigger broader funding pressures across the region.

Gov’t’s Eurobond appetite

Ghana made its debut on the Eurobond market a decade ago when it first issued a US$750 million bond at a coupon rate of 8.5 percent. That bond was effectively retired this year through government’s sinking fund which was created to cater for huge debts repayments.

Six years later, in 2013, the country returned to the market for another Eurobond. It became a regular activity for the Mahama-led administration, as it went to the Eurobond market in each of the four years of its reign. In all, US$3.75 billion debt was issued within that four-year period.

The Akufo-Addo led administration, having broken the Eurobond cycle this year, has made known its intention to issue a sovereign bond as part of measures to finance its 4.5 percent budget deficit.

The planned GH¢1 billion Eurobond for 2018 will be Ghana’s lowest debt issued to date, that is, approximately US$222 million.

Upper West Region ranked the best place to live…whilst TMA tops districts league

0

The 2017 District League (DLT), compiled by the Centre for Democratic Development and UNICEF, has revealed that the Upper West Region is now the best place to live in Ghana.

The Upper West Region topped the league table as the region with the best security, health, sanitation, education and governance as compared to the others on the average.

Regions traditionally considered poorer, such as the Upper West and Upper East, have slightly higher scores than, say, the Ashanti Region.

There are clearly important shifts in these regional rankings as lower ranking regions have witnessed improved indicators for districts in their regions, and the progress of districts in the Upper West Region is particularly noteworthy.

The DLT provides the country with a holistic overview of the level of development across the entire country.

The objective of the DLT is to increase social accountability in Ghana for improved development. It does this by providing and tracking essential information on wellbeing across the entire country to the district level.

The Tema Metropolitan Assembly (TMA) of the Greater Accra Region came first in the district level rankings, with a score of 80, the highest score ever reached.

The national average score is 64.7, below which 102 districts are found. This compares with an average of 58.9 last year.

With an eventual target of a score of 100 percent, it is clear that the majority of districts are still far from the goal.

Interestingly, there are 9 districts that are new to the top 20, such as Wa West in the Upper West Region. Furthermore, 12 of the districts in the bottom 20 are new, there too, as several featuring there last year have managed to move up.

For instance, North Tongu, which was the 216th district in 2016, has moved up to 196th due to improvements such as in their health indicator.

Some districts have made impressive improvements in their scores. The most improved district this year is Lambussie Karni in the Upper West Region, which improved its score by 23 percentage points, due to increase in it sanitation and health indicators.

Other districts also showed substantial increases in their scores, including Ekumfi in the Central Region by 20 percentage points, due to increases in education and health indicators.

Afadzato South in the Volta Region improved by 19 percentage points due to increases in education, sanitation, health and security indicators.

NBSSI grooms 50,000 MSMEs year-to-date

0
Group picture of participants

The National Board for Small Scale Industries (NBSSI) has provided capacity building and business enhancement support for about 50,000 micro small and medium enterprises in the country since the start of the year, its CEO, Ms. Kosi Yankey, has disclosed.

The beneficiary enterprises, drawn from agro processing, garment and manufacturing, industries, technology and tourism, among others, received training in the areas of business planning and management as well as value chain analysis.

According to the NBSSI boss, the programmes and interventions were in line with board’s core mandate to empower MSMEs through technical assistance to make them more productive and competitive to contribute significantly to national development.

“These interventions are critically needed by start-ups and SMEs; proper business planning and a proper understanding of the governance structure of any business is key to accessing funding. So, at NBSSI, these are some of the interventions that we are spearheading.”

Ms. Yankey was speaking to journalists on the sidelines of an engagement with women entrepreneurs and private/public sector industry leaders from key sectors of the economy in Accra on the occasion of this year’s Women’s Entrepreneurship Day celebrations.

Earlier this month, the NBSSI launched an incubator programme in partnership with the Strategies to Promote Innovative Networks (SPINnet) — Garment and Textiles Cluster to groom and accelerate entrepreneurs and small-scale businesses in the garment and textile sector.

The programme will train existing and potential start-ups in the sector on compliance standards, provide mentorship and financial support, as well as market access in line with government’s quest to create more jobs for the youth.

For the NBSSI boss, such initiatives are ways of promoting entrepreneurship in the country to help address the high unemployment rate.

“We currently have incubator and accelerator programmes where we groom business ideas into viable ventures and also provide the platform for existing businesses to leverage various linkages for growth and expansion,” she added.

Going forward, the NBSSI plans to enhance its visibility to start-ups and connect MSMEs to various sources of support that abound within the public and private spaces.

 

Women’s Entrepreneurship Day celebration

The one-day engagement brought together women business owners and leaders to brainstorm solutions to the myriad of challenges that are affecting their productivity, particularly in the areas of gender parity in the entrepreneurial space as well as enhancing the productivity of enterprises owned by women.

Participants, drawn from the sectors of industry, agro processing, finance, technology, garment and manufacturing, as well as tourism, discussed specific barriers to women’s access to operational resources and how to ensure equity in accessing such resources.

The Women Entrepreneurship Development department of the NBSSI has the primary mandate of driving support for MSMEs towards women entrepreneurs across the various fields of business.

The idea is to facilitate the creation of stronger women entrepreneurs that will create more job opportunities to push socio-economic growth.

The department has facilitated the participation of more women entrepreneurs in the various training and capacity building programmes that have been organised by the NBSSI this year.

Africa must implement 1999 Yamoussoukro agreement for open skies- AfDB President

0

“Together, let’s open up the skies of Africa, and together let’s integrate Africa. By so doing, we will build stronger and more resilient economies.” – Akinwumi Adesina, President of the African Development Bank

The African Development Bank (AfDB) has called on African countries to implement the 1999 Yamoussoukro agreement for open skies.

While 20 countries have signed on, the 27-year old accord still faces implementation challenges, Akinwumi Adesina, President of the AfDB said  at the opening ceremony of the third ICAO World Aviation Forum in Abuja.

“Rigid bilateral air service agreements have made it difficult to liberalize the regional aviation markets. We must make regional aviation markets competitive and drive down costs, raise efficiencies and improve connectivity and convenience,” Adesina said.

The Bank President also emphasized the Bank’s strong support for Nigeria and expressed confidence in the ability of Nigeria to deliver on its policy commitments.

“The hosting of this global forum here in Abuja is a clear mark of confidence in Nigeria. Let me use this opportunity to commend you and the government on the Economic Recovery and Growth Program, to build a more resilient economy,” Adesina said.

“As you know, we provided $600 million to support the government to address its budget deficit challenges and stand ready to continue to fully support the government as it embarks on efforts to diversify the economy and raise the revenue profiles and productivity of the non-oil sectors.”

The Bank President also commended the Government of Nigeria for its efforts to improve the state of aviation in Nigeria. The aviation sector plays an important in opening up doors to investors, he added.

Air transport promotes trade, investments and tourism, and boosts economic growth. Today, Africa’s aviation industry adds US $73 billion to the continent’s annual GDP and employs about 7 million people – an average 130,000 people per country in Africa, according to the Bank President.

The aviation industry is projected to grow by 5% annually for the next 20 years. From serving 120 million passengers in 2015, the industry will triple and serve over 300 million passengers by 2035, Adesina observed.

“That’s the good news,” he said, adding that regrettably Africa’s aviation growth is held back by very restrictive regulatory environments which limit market size, profitability, and drive up costs.

“Aircraft departure fees alone in Africa are 30% above the global average, while taxes, fees and charges are 8% higher. Given lower per capita incomes in Africa, high fares essentially tax the poor out of the air! We may have an open sky policy, but then end up with empty skies!”

The AfDB President called for the development of airport terminal capacity to expand passenger growth, develop regional aviation hubs to improve connectivity, and upgrade air navigational services and air traffic control to improve safety.

“Modern and cheaper technologies such as the satellite based air navigation services now preclude the need for ground infrastructure, and make it possible to serve remote areas with radars. We must also develop within Africa, aircraft maintenance services and strengthen regional and sub-regional aviation safety agencies,” he noted.

The AfDB has invested $20 billion in infrastructure over the past 10 years, with over $1 billion in the aviation sector. The Bank’s investments include building modern airports and terminal extensions in Senegal, Morocco, Kenya, Ghana, Egypt, Cabo Verde and improving airport navigation systems in the Democratic Republic of Congo.

The AfDB supported aircraft fleet expansion programs for Ethiopia and Côte d’Ivoire. The Bank also supported regional efforts for improving aviation safety and capacity building.

Adesina congratulated Nigeria on the International Civil Aviation Organization (ICAO) certification of two airports in Abuja and Lagos as a consequence of meeting global standards, noting that the feat makes Nigeria the only country with two ICAO-certified airports in West and Central Africa.

The objective of the Bank is to support the ICAO safety and security standards certification of 20 African airports by 2019, Adesina said.

The African Development Bank will soon be going to its Board with a new aviation sector framework to support the revitalization of the aviation industry in Africa, he said.

The Bank, Adesina explained, is working with other partners on establishing facilities to de-risk financing for aircraft acquisition, upgrading of airports, expansion of regional navigational and air safety, and deregulation of the aviation industry to be more competitive and efficient.

GIPC awards Corporate Ghana

0

The 16th edition of the most prestigious corporate excellence award will be celebrated by Ghana Investment Promotion Centre (GIPC) on November 30, 2017, at the plush Kempinsky Gold Coast Hotel in Accra.

This year’s annual Ghana Club 100 (GC 100) awards will be celebrated under the distinguished patronage President Nana Addo Dankwa Akufo-Addo under the theme: “Industrialization – A tool for Job Creation & Accelerated Economic Development”.

The event will identify and celebrate the best one hundred businesses in Ghana and also award the leading companies in each of the strategic sectors; i.e. the Best company in Agriculture and Agribusiness, Financial Services, Information and Communication Technology, Services, Infrastructure, Petroleum and Mining Services, Manufacturing, Tourism, Health, and Education.

There will also be Special Awards for outstanding business performers in selected categories including Corporate Social Responsibility and the highest tax-paying company. To climax the event, GIPC will outdoor this year’s prestigious Ghana Club 100 Magazine – a commemorative publication containing messages from the President of the Republic to local and international businesses with an interest in the Ghanaian economy.

The magazine will also publish a full listing of the top-ranking companies, the ranking criteria and a directory of the top hundred companies in corporate Ghana. The magazine which commands a wide readership of top business decision makers around the globe will also carry articles related to the Ghanaian business landscape as well as goodwill messages from the diplomatic community. The special magazine is the 16th Edition since it was launched in 1997.

This year’s event is being proudly sponsored by B5plus, Newmont Ghana, GCNet, GOIL, GHACEM, M&G Pharmaceuticals, First Allied Savings and Loans, Japan Motors, Sunon Asogli Power Plant Limited, Sunda International and Kasapreko.

Media partners are Multimedia Group Limited (Joy Business), Graphic Communications Group Limited, New Times Corporation, Ghanaweb, Media General (TV3), and Business and Financial Times.

The GIPC is a Government agency, responsible under the GIPC Act, 2013 (Act 865): to encourage and promote investments in Ghana, to provide for the creation of an attractive incentive framework and a transparent, predictable and facilitating environment for investment in Ghana.

Silver Star Auto launches the “Dzire” from Suzuki

0

The all new Suzuki Dzire completely redesigned with improved features and performance has been introduced into the market by giant automobile dealer, Silver Star Auto Limited (SSAL)

The new Suzuki Dzire promises a new world of experience with its sedan styling, indulgent interiors and seamless enhancement.

Customers in Ghana can now have the opportunity to drive a car that scores so high on many levels as it competes strongly on Design, Safety, Reliability, Interior Space and Practicality – all at an Affordable price.

Mr. Nouhad Kalmoni, Chief Executive Officer of SSAL urged new vehicle buyers to come and test the all new Suzuki Dzire which guarantees excellent performance with a whole new world of safety and comes with a three- year Manufacturer’s Warranty.

The Suzuki vehicle range comprises of SUV’s, Saloon cars, and Light Commercial Vehicles. The various models currently marketed in Ghana by SSAL include the Grand Vitara, Vitara, Ignis for the SUV’s, the Alto, Celerio, CIAZ, and the new Dzire for Saloon cars, the Super Carry pick-up and the APV (mini bus and van) round up the Light Commercial Vehicle range.

Mr. Kalmoni seized the occasion to remind Suzuki Vehicle users of the newly established Ultra-Modern facility on the Graphic Road located at the premises of former Modern Auto Services Ltd and opposite the new Total filling station, in addition to the Tema facility located on the Cocoa Processing Road, Community 1, and Industrial Area.

He also mentioned the Kumasi facility on the Prempeh 1 Street in Adum and the Silver Star Tower showroom at Airport City which are still in operation and ideally located for customer convenience.

Present at the launch were stakeholders in the automobile industry including customers. Also present was Mr. Toshiaki Sugimoto, Business Development Manager, Sumitomo Corporation.

Other services he mentioned are the Express Services for Suzuki range of vehicles, Saturday Services and Periodic free diagnosis.

At a recent event in India, SSAL was awarded as the Distributor with the “Best Global Aftersales Training 2016” from Suzuki Corporation.  Mr. Kalmoni edged existing customers and potential customers to take advantage of all these resources and enjoy full servicing of their Suzuki Vehicles in our network.

We want to become Africa’s manufacturing hub – Alan K. tells Danish investors

0

Government has asked Danish investors to take advantage of the numerus opportunities that exist in various sectors of the economy, as the country prepares to move from aid to trade and become Africa’s manufacturing hub.

Speaking to Danish investors who are currently on a two-day visit with Queen Margarethe II of Denmark, Trade Minister Alan Kwadwo Kyerematen, said “our vision is to become the new manufacturing hub for Africa,” adding that Ghana has a very conducive legal and political environment for businesses to thrive.

“My friends from Denmark, these are exciting times for our country. There are a number of things that investors look for. First is political stability, and as a country, we are a beacon of hope in terms of our democratic credentials in the whole of Africa. As an investor you want to make money, but you want to stay alive and enjoy the fruit of your labour, and that’s why safety and security is very important.

We also have probably one of the most robust judicial systems in the whole of the continent. And as businessmen, we may run into problems but the key is to have a system that provides fairness and equity for both parties. So, we are ready for business and we want to develop a strategic partnership for the Danish private sector,” Mr. Keyerematen said.

He further said that government is creating opportunities for investors by embarking on an ambitious industrialisation agenda and creating an environment for businesses to thrive, the more reason why the Danish investors must invest in the country.

“The number one development priority of our country is to create jobs. We know from the development experience of some of the advanced economies of the world that it is through industrialisation that we can optimise our potential for job creation. In this regard, as a government, we are embarking on an ambitious and comprehensive programme for industrial transformation. Our vision is to become the new manufacturing hub for Africa.

All the plans, he admitted, will not make sense unless government creates an enabling environment for businesses to thrive.

“We are embarking on a very aggressive reform programme for the business environment by changing our regulations and making sure that we create the most business-friendly environment on the continent,” he said.

Vice President Dr. Mahamadou Bawumia, who also spoke on the theme: ‘Ghana beyond aid: moving forward together’, said the country wants to move from seeking aid from development partners to trading with them as, he argues, that is the only way to create jobs for the youth.

“The President, Nana Addo Dankwa Akufo-Addo, has spoken on this subject, signaling Ghana’s aspiration to change the status quo and our conversation around aid. He has been clear that while we acknowledge that overseas development assistant will continue to contribute to our development process, we, as Ghanaians, must be leading investors if we are to achieve a sustainable development path.”

A Ghana beyond aid, he said, means mobilising and leveraging the domestic savings and revenue transparently, expanding financial inclusion with credit services and savings systems for all, especially women; and financing through local capital markets in the local currency.

“It also means where domestic resource mobilisation is enhanced through higher private savings and higher government revenues raised in a more efficient and equitable manner, where there is resolute efficiency and accountability in the use of public resources,” he added.

1...4,8304,8314,832...4,899Page 4,831 of 4,899

Recent Posts

Most Popular

Chris Koney’s column: Attracting investment, the Malaysian story

I am currently in the Malaysian capital, Kuala Lumpur, participating in the Third Country Training Programme (TCTP): Investment Promotion for African Countries, which is...

Employers’ Association holds corporate governance and transparency seminar

The Ghana Employers’ Association (GEA) has held a two-day seminar on good corporate governance and transparency, aimed at contributing to the development of private...

Her Space with Bridget Mensah: The Fraud in the Mirror

There's probably a voice in your head right now as you read this, whispering that you're not good enough; that you don't belong here;...

Ghana shines at Ms. Geek Africa 2025 bootcamp in Kigali

The Ms. Geek Africa 2025 competition brought together brilliant young women aged 13 to 21 from across the continent to tackle Africa's most pressing...

Leadership mistake #1 – lack of a clear-cut vision

By Nelson Semanu BOANDOH-KORKOR & Elizabeth BOANDOH-KORKOR Leading without a clear-cut vision can be a frustrating venture! You need a vision for your family,...
© The Business & Financial Times. Copyright 2025. All rights reserved.