Author: Nerteley Nettey
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More partnerships needed to grow pharmaceutical industry – CalBank MD
Managing Director of CalBank PLC, Philip Owiredu is advocating for more partnerships and investments in the development of critical drugs and improve the logistics necessary to boost the local production and supply of pharmaceuticals in the country. According to him, this will help curb the over-reliance on imported drugs which has led to the decline…
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Stock market doing well over uptick in participation of local investors – Analyst
Head of Research at Databank, Alex Boahen has attributed the increase in performance in trading activities on the local bourse to the impressive uptick in participation of local investors in the market. Despite ending the first quarter of 2022 with a loss of 1.67 percent compared the 13.9 per cent recorded at end of 2021…
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WAPCo presents start-up tools and scholarships to students in host communities
The West African Gas Pipeline Company Limited (WAPCo) has presented start-up tools to graduates of its Community Youth Enterprise Scheme (CYES) in Shama District of the Western Region and Tema Manhean/Kpone in the Greater Accra Region. The company also presented scholarship certificates to the eighth batch of its scholarship awardees under its Scholarship Scheme. WAPCo…
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Government urged to minimize interference in decision making activities of SOEs
Senior Partner at AB & David, David Ofosu-Dorte says privatization of State Owned Enterprises (SOEs) is not the only way to ensure they consistently churn out profit and help in the growth of Ghana’s economy. According to him, in spite of the high proceeds, the net direct revenue from privatization has been relatively modest, due…
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Gov’t urged to introduce programmes to improve employability of youth
Associate Professor at the Department of the Economics at the University of Ghana, Prof. Ebo Turkson, has challenged government and various stakeholders within the job creation space, to redesign initiatives to include soft skills training as it will improve the employability skills of the youth in the country. According to him, this will help in…
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Block chain’s success will depend on supportive policy environment – Prof. Quaynor
Regulatory agencies such as the Bank of Ghana and other stakeholders within the digital space to create a conducive environment to support local firms that want to invest in crypto-currency and digital currency services before the market is captured by international operators. This is according to the Chief Executive of Ghana Dot Com, Prof. Nii…
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SOEs record ¢2.61 billion loss in 2020 – Report
Latest data from the 2020 State Ownership Report reveals that State Owned Enterprises (SOEs) recorded an aggregate loss of ¢2.61 billion in 2020. This represents nearly 50% improvement over the 2019 aggregate loss of ¢5.16 billion. Despite the progress made, the 2020 Report which is based on 132 SEs in total (47 SOEs, 17 JVCs,…
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Increase in policy rate will make fixed income market more attractive – Economist
Following the recent hike in the policy rate, investors on the equity market are expected to re-adjust their portfolio holdings on the domestic stock market, to reap an increase from fixed income securities. This is according to Economist with Databank, Courage Martey. The Monetary Policy Committee of the Bank of Ghana, since November 2021, maintained…
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Government urged to impose export levies on specific agricultural commodities
As part of efforts to develop the agric sector, the Ghana Export-Import Bank, is urging Government to consider imposing export levies on some specific agricultural commodities, such as cashew sector. According to the Ghana EXIM Bank, this move will serve as a source of revenue for Government. Speaking on the sidelines of a stakeholder forum…
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Stronger collaboration needed to develop non-traditional export sector – Herbert Krapa
A Deputy Minister-Designate for Trade and Industry, Herbert Krapa has called for stronger collaboration between the private sector and government to develop the potential of the non-traditional export sector to contribute to the growth of the economy. Government through the National Export Development Strategy (NEDS), hopes to increase non-traditional exports from the current 2.8 billion…