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Nana Addo’s maiden budget will focus on restructuring- Economist

Ken Ofori Atta - Finance Minister

As the Finance Minister, Ken Ofori Atta prepares to present government’s budget before parliament this week, some financial observers are hopeful the tax reviews announced in the NPP’s Manifesto are still prudent despite the debt stock. President Akufo-Addo last week announced that government’s debt has hit 122 billion cedis, representing 74% of the GDP. There are concerns how government intends ...

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Power cuts still on despite Energy Minister’s assurances

agyarko proper

Consumers of electricity are still bearing the brunt of power cuts despite claims that the situation has since normalized. Power supply was cut to some parts of the Greater Accra region yesterday [Sunday]. The development is in sharp contrast with assertions by the Energy Minister, Boakye Agyarko of a stable power supply effective last Saturday [February 25th, 2017]. His assurance ...

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Listing GRIDCo on stock market: Managers discredit Kwabena Donkor’s claims


Managers of the Ghana Stock Exchange (GSE) have discredited claims by former Power Minister, Dr. Kwabena Donkor indicating his pessimism of the prospects of listing the Ghana Grid Company Limited (GRIDCo) on the stock exchange. According to the Managing Director of the GSE, Kofi Yamoah, the decision is a laudable one and should be supported by all stakeholders. Dr. Kwabena ...

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Capital market to rebound over tax cuts on capital gains

GHana stock

Stock market analysts are predicting a rebound of the local bourse and the bonds market with an eventual scrapping of the capital gains tax. They contend that the move should attract investors to Ghana following a likely increase in the US Fed rate. According to a Research Analyst with First Banc Financial Services, Benjamin Amoah-Adjei, recent economic trends like declining ...

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Nana-Addo appoints Paul Ansah as new head of GPHA

Paul Ansah Head of GPHA

President Nana Addo Dankwa Akufo- Addo has appointed Mr. Paul Asare Ansah as the acting Director-General of the Ghana Ports and harbors Authority(GPHA). A statement signed by the president on February 22, 2017 said “pursuant to section 8(2) of the GPHA Act 1986(PNDCL160). I herby appoint you to act as the Director-General of the GPHA, pending receipt of the constitutionally ...

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PEF expresses readiness to partner govt     


The Private Enterprise Federation(PEF) has reiterated its call of partnering government to create mass employment in the country. This follows President Akufo-Addo’s commitment announced during the State of the Nation Address to help the private sector grow for economic development. Speaking to Citi Business News, the  Chief Executive Officer of the PEF, Nana Osei Bonsu said his outfit is ready ...

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Pro investment policies to increase FDIs to Ghana – Dusk Capital CEO

dusk ceo 2

Analysts have projected more foreign patronage of Ghana’s capital market following a pickup of activities on the market. The cedi depreciation, rising inflation plus the power crisis affected the bottom-line of businesses for the past three to four years. The development also led to a dip in the performance of most businesses listed on the local bourse leading to an ...

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Govt urged to partner private sector for growth

private sector

Some entrepreneurs in the country have appealed to government to consider the needs of the private sector when formulating fiscal policies. The call comes at a time when government is keen on partnering with the private sector to enhance economic development. President Akufo-Addo has expressed his administration’s commitment to partner with the private sector to propel economic growth,–the most recent ...

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GOIL dismisses ‘change of CEO report’

Managing Director of Goil Ghana, Mr. Patrick Akorli

Indigenous Oil Marketing Company, GOIL has dismissed reports indicating that Presdent Akufo-Addo has appointed one Mr. Osei Prempeh as its new CEO. According to a press statement signed by GOIL’s Board Chairman, Prof. William Asumaning, the company is listed on the Ghana Stock Exchange(GSE), hence has procedures in appointing its head, which must comply with regulations set by the GSE. ...

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Stock market managers welcome the listing of VRA, GRIDCo

Managing Director of the Ghana Stock Exchange, Kofi Yamoah

The Managers of the Ghana Stock Exchange (GSE), have welcomed government’s decision to list the VRA and the Ghana Grid Company Limited (GRIDCO) on the stock market. They contend that the move will support the growth of the market while deepening the efficiency of the two institutions. As a result, the Managing Director of the GSE, Kofi Yamoah, has refuted ...

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