Author: Ellen Dapaah
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Ghana Mines Workers’ Union threatens industrial action
The Ghana Miners Workers’ Union has threatened to embark on an eminent strike action. This threat comes at a time when the country is experiencing dire economic challenges. The General Secretary of the Union, Abdul-Moomin Gbana says government has refused to meet their concerns during stakeholder engagement sessions. Among other things on the table, the…
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Farmerline begins ‘Support a Farmer’ initiative to provide fertilizer to farmers
For several years, access to fertilizer in Ghana has remained a major challenge for smallholder farmers in various regions. In recent times, the Russia-Ukraine war has even worsened the situation, disrupting the supply of the product to Ghana and other parts of the world. To help salvage the situation, Agritech company, Farmerline, has started the…
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Economist reacts to slash in Ghana’s growth rate forecast
Economist, Dr. Patrick Asuming, says the slash of Ghana’s growth rate forecast to 3.1 percent by Standard Bank is an indication that the government has not gotten a handle on how to save the economy. Africa’s biggest bank, Standard Bank, has slashed Ghana’s economic growth rate forecast for 2022 to 3.1 percent from the earlier…
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Government disappointed by Standard & Poor’s downgrade rating
The government has expressed its disappointment in Standard and Poor’s downgrade of Ghana’s credit rating despite the “bold policies” it implemented in 2022 to address the fiscal challenges confronting the economy. S&P Global Ratings, on Friday, 5th August, downgraded Ghana’s foreign and local currency credit rating from B-/B to CCC+/C with a negative outlook, sighting…
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Standard Bank cuts down Ghana’s 2022 growth rate to 3.1%
Africa’s biggest bank, Standard Bank has revised this year’s projected economic growth rate target for Ghana from 6.2 % to 3.1%. It has also slashed its 2023 Gross Domestic Product (GDP) forecast for the country to 4.1%, from the earlier 6.8%. This forecast from the Standard Bank is lower than the government of Ghana’s revised…
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Appolonia City unveils its first commercial building; Adumuah Place
Appolonia City has opened its first commercial building; the Adumuah Place. Developed by Gateway Real Estate Africa (GREA), the internationally designed A-grade commercial office building is strategically located at the entrance to the new city, within close commute to key areas across Greater Accra. The building is expected to be ready for occupation by mid-2022.…
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National AfCFTA Policy Framework and Action Plan launched to boost trade
President Akufo-Addo has urged the Ministry for Trade and Industry to ensure the hastened implementation of programs under the African Continental Free Trade Area (AfCFTA) agreement to allow for businesses to export significantly across the continent. This follows the launch of the National AfCFTA Policy Framework and Action Plan for boosting Ghana’s trade with Africa…
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Online registration of businesses to begin in year’s time – Registrar General
The Registrar General has indicated that her outfit will begin the digital registration of businesses from next year. According to her, this user friendly online platform would facilitate the registration of businesses and prevent the long delays associated with business registration in the country. Speaking at a roundtable discussion organised by Veritas International Nominees and…
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E-levy should not be scrapped despite slash in revenue target – Economist insists
Amidst several calls for the scrapping of the electronic transfer levy following another revision in the revenue target for the levy, some economists insist the levy should not be scrapped. The government had hoped to rake in about GH₵6.9 billion from the e-levy, but the figure was revised downwards to about GH₵4.9 billion following the…
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Côte d’Ivoire, Ghana to no longer sell cocoa at origin differentials below zero
Côte d’Ivoire and Ghana have decided to no longer sell their cocoa at origin differentials below zero, from as much as 125 pounds below the ICE terminal market, their joint Côte d’Ivoire-Ghana Cocoa Initiative (CIGCI) announced in Accra on Friday. The origin differential is an additional country quality premium that has traditionally been determined by…