Author: Ebenezer Afanyi Dadzie
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Implementing UNI-PASS: Gov’t likely to cough up over $100m judgment debt
Government is trapped into a judgment debt or payment of compensation conundrum ranging from $90 million to about $120 million. If the new trade facilitation contractor is handed the ports, government is likely to pay compensation totaling over $120 million to two existing service providers. In the same vein, if the new contractor is denied…
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AfCFTA implementation: Technical working groups inaugurated to work on Ghana’s Action Plan
In order to fast-track trade within the African continent, and ensure that Ghana derives maximum benefit from the African Continental Free Trade Area, ACFTA, the Trade and Industry Ministry, has constituted technical working groups to work on a seven cluster initiative. The Minister, Alan Kyerematen, who inaugurated the groups, says the move is to ensure…
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Demolished companies had enough time; we did no wrong – Trade Fair Company
Management of the Ghana Trade Fair Company says occupants affected by Monday’s demolition exercise on its site in Accra, were given ample notice to leave the premises after they started engaging them in 2017. About eight structures owned by different companies were pulled down on Monday dawn, after an injunction that was placed on the…
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Banks in Ghana now stronger than before – Societe Generale MD
The Managing Director of Société Générale Bank, Ghana, Hakim Ouzzani, says Ghana’s banking sector is stronger now than before following the massive financial sector clean-up by the Bank of Ghana. The central bank revoked the licenses of nine commercial banks aside from the twenty-three insolvent savings and loans companies and finance houses, and the 347…
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Gov’t extends ban on Rosewood export indefinitely
The Minister of Lands and Natural Resources, Kwaku Asomah-Cheremeh, has directed that the ban on Rosewood harvesting, transportation, processing and export announced in March, 2019, should remain in force indefinitely. He asked the Forestry Directorate of the Ministry to liaise with the Forestry Commission to develop modalities for enhancement of monitoring mechanisms within the various…
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Our 10 cedis flat rate charge within Accra lowest in the market – Shopnaw CEO
In recent times, some businesses and consumers who rely on courier services within Accra, have complained about the high charges they pay to get their items delivered or picked up. Despite the convenience offered by the E-commerce industry, there are fears exorbitant charges by courier operators may threaten the growth of Ghana’s E-commerce space. Although…
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PEF CEO urges businesses to take advantage of new services charter
Chief Executive Officer of the Private Enterprise Federation, Nana Osei Bonsu, is urging businesses to capitalize on the new services charter rolled out to demand accountability from state institutions responsible for the issuance of relevant business documentation. The Charter has been created together with the Environmental Protection Agency, Land Use and Spatial Planning Authority and…
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No need to rush ECO’s issuance; more engagements needed – Economist
Economist, Prof. Peter Quartey, says a further delay in the implementation of the ECO currency is prudent to allow for better and broader consultations among all stakeholders. His comment follows the assertion by the Governor of the Bank of Ghana; Dr. Ernest Addison, that the introduction of the currency may not happen this year due…
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Consumers lament ‘high cost’ of courier services as E-commerce booms
As internet and mobile phone usage increases, it is not only connecting people, but also facilitating e-commerce, making it easy for people to purchase items or deliver same conveniently. This is often made possible by the growing number of courier services in the country. While this is becoming the preference for many, there’s an emerging…
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World Bank cautions Ghana over rising public debt
The World Bank has cautioned Ghana against piling its external debt and exceeding the sustainability threshold. According to the bank, Ghana is currently rated as a moderate to high-risk debt distressed country and so must tread cautiously. The government last week raised US$3 billion on the Eurobond market. The transaction was hailed as a success…