Author: Anita Arthur Kissi-Mireku
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Akufo-Addo reiterates commitment to settle clients of FMCs
President Nana Akufo Addo has reiterated his government’s commitment to pay all validated claims of clients of the collapsed Fund Management Companies. Government in September 2020 commenced payment processes for 20 of the fund management companies which had undergone official liquidation. Subsequently, the government in November 2020, also authorized a partial payment of up to…
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Forward auction likely to stabilise cedi in first quarter of 2021 – Economist
The use of forward auctions on the interbank foreign exchange market in the country will be key in keeping the cedi stable within the first quarter of the year. This is according to economist with Databank, Courage Martey. The cedi has over the years experienced some depreciation from the last quarter of a year through…
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Take advantage of AfCFTA to revive your businesses – Akufo-Addo
Following the start of trading under the African Continental Free Trade Area (fCFTA) on January 1, 2021, President Akufo-Addo has assured there will be intensified public education on the agreement in order to attract more businesses to take advantage of it. AfCFTA is an agreement among 54 African countries with an estimated potential of boosting…
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Eni Ghana and OCTP partners join NBSSI to support SMEs in Ellembelle
Eni Ghana, on behalf of its OCTP partners Vitol and GNPC, has signed a cooperation agreement with the National Board for Small Scale Industries (NBSSI) to support Micro, Small and Medium Enterprises (MSMEs) in the Ellembelle District in the Western Region. Under the agreement, 800 MSMEs will get entrepreneurship, financial literacy and technical skills training.…
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Vendors adopt innovative ways to sell off hampers during yuletide
The hamper business is one that is dominant during the Christmas season. Many people cash in big selling them because they are regarded as the ideal Christmas gifts. But what happens to the hampers when they are not all sold? The business has yet again picked up during this Christmas period. In Ghana, it has…
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Christmas: Dress makers complain of low patronage
The celebration of Christmas in Ghana is usually the time celebrants try to look their best for social events. For some people; they like to stand out with unique and customized clothing. As such; it’s become a common feature to find dressmakers in Ghana cash in big ahead of Christmas celebrations; while ready-made clothing is…
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Imported goods will be insured after signing of Tripartite Cargo Insurance Protocol – NIC
The move to ensure that all goods imported into the country are insured will be effected following the signing of the Cargo Insurance Protocol. This is according to the National Insurance Commission (NIC) which signed the agreement with the Ghana Shippers Authority and the Ghana Revenue Authority. The commission believes this will boost growth in…
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International tourism in Ghana likely to dip by 64% – GTA report
Ghana is likely to record a 64% drop in the number of international tourists travelling into the country by the end of the year. This is according to figures and projections made available by the Ghana Tourism Authority (GTA). In 2019 the country received a total of 1.1 million international tourists, however as at October…
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Fiscal deficit compression key to reducing growing debt stock – Economist
Government will have to focus its attention on fiscal deficit compression in the new year in order to bring the country’s debt level under control. This is the assertion of an economist with Databank, Courage Martey. Ghana’s total public debt stock rose by GHS54.8 billion in the first nine months of this year, hitting GHS273.8…
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Dalex Finance helps St. andrews catholic hospital acquire theatre equipment
Dalex Finance has donated an amount of GHS 50,000 to the St. Andrews Catholic Hospital – Kordiabe on Wednesday, 11th November 2020. The Head of Support Services of Dalex Finance, Mr. Eric Asante, presented the cheque to Sr. Viji Nedumattathil of the Holy Family Convent Sisters who oversees the hospital. He explained that Dalex Finance…