Author: Ellen Dapaah
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Government pledges to boost SME sector through strategic partnerships
The Ministry of Trade and Industry has pledged to strengthen partnership with the private sector to grow Ghana’s Small and Medium-sized Enterprises (SMEs) sector, which remains vital to the country’s economic outlook. A Deputy Minister for Trade and Industry, Nana Ama Dokua Asiamah Adjei, speaking during the launch of the ACET Business Transform which aims…
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ACET launches Business Transform program for local SMEs
The first edition of the African Centre for Economic Transformation’s (ACET) Business Transform program has officially begun with the first cohort of 10 Small and Medium-Sized Enterprises (SMEs) in Ghana. In Ghana, SMEs account for over 90 percent of all registered businesses and generate more than 90 percent of employment. SMEs have the potential to…
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2022 budget: Analyst calls for judicious use of finances to sustain Ghana’s debt
As the Finance Minister, Ken Ofori-Atta engages stakeholders in preparing the 2022 budget which will be presented before Parliament in the coming days, stakeholders in the finance sector are calling for stringent measures to avert conditions that may push Ghana into the category of a debt distressed nation. As of July this year, data from…
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Digitization agenda: Collaboration vital to growth of Ghana’s fintech space – Bawumia
Vice President, Dr. Mahamudu Bawumia, has highlighted the need for a unified effort between stakeholders in Ghana’s fintech space in pushing the use of the universal QR code. This, he said, will fast-track the achievement of the cash-lite agenda. Ghana is currently going through a digital transformation under the leadership of the government spearheaded by…
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Standard Chartered MD highlights bank’s commitment in making Ghana technology hub
Managing Director of Standard Chartered Bank, Mansa Nettey, has reiterated her outfit’s commitment to contributing to making Ghana a technology and digital hub. This forms part of efforts in pushing the government’s digitalization agenda. ”We will continue to leverage our status as a leading trade bank to create a fairer global economy and sustainable growth…
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2022 budget: Prof. Quartey calls for measures to boost Ghana’s growth rate
The Finance Minister, Ken Ofori-Atta is expected to present the budget statement for the 2022 fiscal year in Parliament on November 17, 2021. Ahead of this presentation, stakeholders are hopeful that issues such as Ghana’s debt sustainability, illicit financial flows, unemployment, reduction of the revenue and expenditure gap, and many others will be addressed. For…
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Atta Akyea calls for persons behind take or pay power agreements to be sanctioned
Chairperson of the Mines and Energy Committee in Parliament, Samuel Atta Akyea is calling for persons and companies who were involved in signing take or pay power contracts which have for many years cost the country millions of dollars to be brought to face the law. “If you asked me as a lawyer, it is…
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Government optimistic DBG will support venture capital, private equity industry
Government is optimistic that the commencement of operations of the Development Bank Ghana will help support the venture capital and private equity industry to grow start-up businesses and small businesses. This comes on the back of the launch of the Ghana Venture Capital and Private Equity Association, which seeks to support investments into private businesses…
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Value of top 10 non-traditional exports rise by 15% to $316M in second quarter of 2021
Data from the Bank of Ghana has revealed that the top 10 non-traditional commodities exported during the second quarter of 2021 saw a 15 percent increase in value. According to the Bank of Ghana’s second quarterly bulletin, the change in the value amounts to US$316.53 million, compared to US$273.44 million recorded for the same period…
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Free Zones Authority charged to work towards achieving target for non-traditional exports
The Minister for Trade and Industry, Alan Kyerematen, has charged the newly sworn-in board of the Ghana Free Zones Authority to work towards achieving government’s target of earning over 25 billion dollars in non-traditional exports. According to the Trade Minister, this target is one of ten pillars on which the government’s new industrial transformation agenda…