Author: Nerteley Nettey
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Restoration of economic stability still on course – Dr. Bawumia
Vice President Dr. Mahamudu Bawumia has stated that the Akufo-Addo government is largely succeeding in restoring macroeconomic stability through digitisation. According to him, the government’s digitization agenda in areas such as land administration and integration of the nation’s database, plus the revision of interest rates are some of the interventions adopted to recover the economy.…
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Young investors network secures international partnership
The Young Investment Network is happy to announce the signing of a Memorandum of Understanding between the Young Investment Network and Young Investment Society. Per the MOU, the two institutions are to collaborate “in the areas of financial literacy for students in Ghana…” and to formalize the already existing relationship for the “purpose of creating…
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Private road transport operators to increase fares by 20% from Monday
Effective Monday, May 17, 20021, public transport fares will be increased by 20 percent. This was announced in a statement by some private transport operators in the country. The decision follows a series of meetings among members of the private transport operators in the country, comprising the Ghana Committed Drivers Association, International Drivers Road Transport…
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Kosmos Innovation Center holds final pitch for 2020 AgriTech Challenge competition
The Kosmos Innovation Center (KIC) has held a final pitch for the 2020 AgriTech Challenge competition. The pitch which was held at the KIC business incubation hub is aimed at helping young entrepreneurs build the foundation for commercially-viable AgriTech start-ups and address challenges confronting the Agric sector in the country. Ten business startups, namely FarmAsyst,…
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National Development Bank to commence operations by July ending – Ofori Atta
The National Development Bank is set to commence operations by the end of July 2021. This is according to the Finance Minister, Ken Ofori-Atta. According to him, government has now been able to raise the required seed capital of over 500 million dollars for the financial institution to fully begin operations. It will be recalled…
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Government to introduce eight new interventions to fix economy – Ofori -Atta
Finance Minister Ken Ofori-Atta has stated that government will in the coming days roll out eight new inventions under the COVID-19 Alleviation and Revitalization of Enterprise Support initiative also known as the Ghana CARES program to fix the Ghanaian economy. This comes after members of the #FixTheCountry movement expressed displeasure over successive government’s failure to…
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Government urged to set up renewable energy authority
A fellow of the Institute of Energy Security (IES) and former Ranking Member on the Mines and Energy Committee in Parliament, Adam Mutawakilu, has reiterated the need for government to make renewable energy a critical component of Ghana’s power mix and create an enabling environment for the private sector to enter the industry. Government has…
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IFC and SEC partner to develop green bonds market
In its quest to unlock investment for private sector projects that support renewable energy and energy efficiency in the country, IFC and the Securities and Exchange Commission (SEC) have partnered to facilitate investments in projects that address climate and environmental issues through green bonds. Under the agreement, IFC, a member of the World Bank Group,…
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GHS768 million paid to over 6,000 clients of defunct FMCs – SEC
The Securities and Exchange Commission (SEC) has stated that about GHS768 million has been credited to the accounts of some 6,916 clients of the 53 defunct Fund Management Companies, who signed up for the government’s full bailout programme. According to the Commission, actual payments also made under the Partial Bailout Programme as of March 31,…
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Produce quality products to stay competitive – Businesses urged
Ghanaian businesses have been charged to leverage on lessons from COVID-19 to accelerate development through trade and stay competitive in the global economy. This is according to Emmanuel Asumani, Director of Operations for the ILO-SCORE program. Speaking to Citi Business News on the sidelines of a workshop to train Small and Medium sized enterprises on…