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    IMF likely to reject program with wholesale gov’t subsidies – Prof. Quartey

    Golden Tulip Hotels not sold; leased for 12 years – Management

    Tullow Ghana awards KNK contract to Petrofac as part of transformation project

    We did no wrong in sale of 260 metric tonnes of slop oil – TOR

    Increase investments in digitisation platforms to ensure safe trade transactions under AfCFTA – BoG

    Fuel prices to go up as NPA announces restoration of UPPF margin

    [From the left] Thomas Abanga (CEO of Abanga Farms & Food Systems), Selma Ashipala Musavyi (Namibia High Commissioner to Ghana), Dr. Benjamin Sasu (Head of Food Safety), Mrs. Chariti Gbadawo (Director at the Ministry of Foreign Affairs & Regional Integration) ), Prof Bani (Board Chairman, Abanga Farms and Food Systems) and Clarence Zamuee (MEATCO Rep)

    Ghana’s Abanga Farms & Food Systems and Namibia’s Meatco in big partnership

    Gov’t still plans on tabling a legislation to compel banks to lend to the Agric sector – Agric Minister

    Financial transactions will be allowed even without Ghana card from 1st July – GAB assures

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    Node 8, HTU hold first edition of Node X in Ho

    Financial transactions will be allowed even without Ghana card from 1st July – GAB assures

    Losses due to fraud in banking sector in 2021 up by 144%; hits GH¢61m – BoG report

    BoG, CSA deepen collaboration to fight cyber threats

    Dr. Bawumia unveils Ghana’s first Tier IV data centre

    ADB pioneers in global remittance services in Ghana [ARTICLE]

    Introduction of GhanaPay complements efforts to capture the unbanked into digital payments ecosystem – Veep

    #CitiBusinessFestival: How the country can take advantage of the “Ghana Opportunity”

    Chamber of Telecommunications calls for more investment into Technology to improve livelihoods

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    Gulf central banks, Bank of England raise policy rates after Fed hike

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    Modern airline tickets design with flight time and passenger name. Plane tickets vector pictogram. Airline boarding pass template. Vector illustration. The concept of air transportation

    Ticket prices to rise following B.A schedule change on Accra-London-Accra route

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    E-Levy won’t be terminated because of IMF bailout – Gov’t assures

    Node 8, HTU hold first edition of Node X in Ho

    IMF likely to reject program with wholesale gov’t subsidies – Prof. Quartey

    ‘Seeking IMF bailout doesn’t mean e-levy has failed’ – Oppong Nkrumah

    ‘Our IMF negotiations will be in best interest of Ghanaians’ – Oppong Nkrumah

    IMF team arrives in Ghana on Tuesday ahead of Wednesday’s bailout talks

    Golden Tulip Hotels not sold; leased for 12 years – Management

    Tullow Ghana awards KNK contract to Petrofac as part of transformation project

    We did no wrong in sale of 260 metric tonnes of slop oil – TOR

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    IMF likely to reject program with wholesale gov’t subsidies – Prof. Quartey

    Golden Tulip Hotels not sold; leased for 12 years – Management

    Tullow Ghana awards KNK contract to Petrofac as part of transformation project

    We did no wrong in sale of 260 metric tonnes of slop oil – TOR

    Increase investments in digitisation platforms to ensure safe trade transactions under AfCFTA – BoG

    Fuel prices to go up as NPA announces restoration of UPPF margin

    [From the left] Thomas Abanga (CEO of Abanga Farms & Food Systems), Selma Ashipala Musavyi (Namibia High Commissioner to Ghana), Dr. Benjamin Sasu (Head of Food Safety), Mrs. Chariti Gbadawo (Director at the Ministry of Foreign Affairs & Regional Integration) ), Prof Bani (Board Chairman, Abanga Farms and Food Systems) and Clarence Zamuee (MEATCO Rep)

    Ghana’s Abanga Farms & Food Systems and Namibia’s Meatco in big partnership

    Gov’t still plans on tabling a legislation to compel banks to lend to the Agric sector – Agric Minister

    Financial transactions will be allowed even without Ghana card from 1st July – GAB assures

  • TECHNOLOGY

    Node 8, HTU hold first edition of Node X in Ho

    Financial transactions will be allowed even without Ghana card from 1st July – GAB assures

    Losses due to fraud in banking sector in 2021 up by 144%; hits GH¢61m – BoG report

    BoG, CSA deepen collaboration to fight cyber threats

    Dr. Bawumia unveils Ghana’s first Tier IV data centre

    ADB pioneers in global remittance services in Ghana [ARTICLE]

    Introduction of GhanaPay complements efforts to capture the unbanked into digital payments ecosystem – Veep

    #CitiBusinessFestival: How the country can take advantage of the “Ghana Opportunity”

    Chamber of Telecommunications calls for more investment into Technology to improve livelihoods

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    Africa’s internet economy to cross $180 billion by 2025: Report

    Regional economic cooperation needed to enhance Africa’s competitiveness – Bawumia

    Ivory Coast is set to receive $26.1 billion worth of development finance from 4 lenders, the EU and France

    Gulf central banks, Bank of England raise policy rates after Fed hike

    US Fed meets inflation surge with 75bp hike

    As Nigeria’s inflation rate accelerates to 17.71%, the World Bank warns millions could face extreme poverty

    Modern airline tickets design with flight time and passenger name. Plane tickets vector pictogram. Airline boarding pass template. Vector illustration. The concept of air transportation

    Ticket prices to rise following B.A schedule change on Accra-London-Accra route

    Bawumia calls for more AfDB support as African economies battle global challenges

    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

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6th CEO’s Summit pushes for ease of doing business law to boost economic growth

byNerteley Nettey
May 18, 2022
in Business, Local Economy, Top Stories
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The Ghana CEO’s Summit is urging government to take a serious look at addressing the bottlenecks embedded in the country’s civil service and craft a framework that will streamline systems for a more efficient delivery of government services.

The CEO’S Summit believes that easing business processes like tax filing, business registration and the likes will reduce corruption, quicken economic growth and improve the overall competitiveness of the economy.

Speaking at the launch of the 6th Ghana CEO’s Summit, CEO of the Summit, Ernest De-Graft Egyir hinted that enacting the Ease of Doing Business and Anti Red Tape Act in the county will make services rendered by the civil service less cumbersome.

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“Remaining committed to creating an enabling environment for the conduct of business in Ghana, our call to action at the Summit this year is for the passage of an Ease of Doing Business and Anti-Red tape Act. The passage of an Ease of Doing Business and Anti-Red tape Act is the way to eliminate rigid conformity to procedures and requirements in government service which only creates redundancy and bureaucracy. Such legislation will require government agencies to promote transparency in their services to the public by improving efficiency and reducing bureaucratic practices,” he said.

In Ghana, Small and Medium Sized Entrepreneurs, SMEs account for over 90 percent of all registered businesses and generate more than 90 percent of employment.

SMEs have the potential to generate close to half a million jobs every year if well supported. Unfortunately, many of these businesses do not survive long enough to create these jobs.

Already, a world bank report indicated that the ease of doing business in Ghana deteriorated marginally in 2020 compared to the previous year.. The latest World Bank Ease of Doing Business ranking shows that Ghana has dropped from 114 in 2019 to 118 in 2020.

This year’s edition of the event, which is slated for May 30, 2022 is on the theme ‘Digital leadership for the digital economy: leading digital business & government transformation.’

Speaking at the launch,Ernest De-Graft Egyir said the the theme for this year’s summit was carefully chosen to reflect the need for digital leadership for businesses in furtherance of government’s agenda of creating a digital economy.

“The subject of digital leadership for a digital economy is an important one and the summit will provide a platform for deliberation on the subject, with an aim of equipping business leaders with the skill set and mindset needed to become digital leaders. In this era of digital transformation, business leaders must as a matter of necessity champion digital solutions to the challenges faced in their operations and ultimately, in the economy. The key to successful businesses and the transformation of the economy lies in digital leadership,” he added.

CEO of the Ghana Investment Promotion Centre (GIPC), Yofi Grant, also commenting at the event said the call for CEOs to become digital leaders, as the theme of the event encapsulates, is an ideal one.

“Ghana has in recent years been keen on its digital transformation, with initiatives such as digitisation of port systems, introduction of interoperability, digital address systems among others. We are making tremendous gains and need to build on them,” Mr. Grant said.

He said the quest to improve the current ease of doing business and subsequently back it with legislation is what the GIPC has also been pushing for.

“Improvement in processes and the ease of doing business meant a lot to us, because it has helped in improving the inflow of FDIs” he said.

Key personalities to participate in the event include President Akufo-Addo and Vice President Dr. Bawumia; Pierre Frank Laporte, Country Director of World Bank; Governor of the Bank of Ghana, Dr. Ernest Addison; Jayanth Murphy, Managing Director of South Asia and Africa at Kaizen Institute; CEO of GIPC, Yofi Grant; President of the Ghana Association of Restructuring and Insolvency Advisors (GARIA), Frank Addo; and Country Managing Partner of Deloitte, Daniel Kwadwo Owusu, among many other dignitaries and captains of industry.

 

 

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