Author: Nerteley Nettey
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VRA to leverage technology to drive down power generation cost
In its quest to improve power efficiency and bring down electricity tariffs in the country, the Chief Executive Officer of the Volta River Authority, VRA, Emmanuel Antwi-Darkwa, has stated that his outfit is forcefully pursuing an innovation and digitization agenda. According to him, the move which is in line with government’s digitization agenda, will safeguard…
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German Cooperation, Trade Ministry collaborate to develop Industrial parks and automotive sector
Ghana’s Automotive Sector is set to witness a major transformation after receiving a grant of over 540,000 Euros from the German Cooperation. The grant agreement is aimed at enhancing the automotive ecosystem and the development of industrial parks in the country. Speaking at the presentation of two vehicles by the German Cooperation to the Ministry…
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Businesses charged to embrace digitization to stay relevant
The inability of businesses to incorporate digitization in their business models will create a void with dire consequences for their survivability post-COVID-19. This is according to the First Deputy Governor of the Bank of Ghana, Dr. Maxwell Opoku Afari. According to him, in spite of the achievements introduced by government towards building a financially inclusive…
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We need a Digital Economy Act to coordinate Ghana’s digital policies – Ernest De-Graft Egyir
As part of efforts to help facilitate government’s digitization agenda, the Ghana CEO’s Summit is pushing for a Digital Economy Act and a Ministry of Digital Economy to coordinate digital policies for the country. According to them, the unprecedented disruption by COVID-19 is accelerating the pace and the urgency for digital transformation, agility and adaptability…
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Adhere to high standards to enhance confidence in financial sector – eTranzact Ghana Executive Director
In order to achieve successful financial inclusion in the country, Executive Director of eTranzact Ghana, George Babafemi has charged operators within the budding FinTech space to seek the backing of regulators of the industry when designing products and services for public use. According to him, this will serve as an assurance to end-users that their…
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AfCFTA: More efforts needed to drive private sector participation – Ahomka-Lindsay
A former deputy Minister of Trade and Industry, Robert Ahomka-Lindsay says if more is not done to drive private sector participation in the African Continental Free Trade Area (AfCFTA), Ghanaian businesses will gain little from the continent-wide agreement. According to him, no matter how well-grounded the AfCFTA objectives are, they will remain elusive if businesses…
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Ghana-Canada pursue improved trade relations
The Minister for Trade and Industry, Alan John Kyerematen, has advocated for increased trade relations between Ghana and Canada to improve the trade volumes between the two countries. Ghana and Canada have enjoyed close bilateral relations for over a century with relations covering high levels of cooperation in trade, investments and development. Also, trade between…
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Support women-led businesses to ensure success of AfCFTA – Kosi Yankey
Chief Executive of the Ghana Enterprises Agency, Kosi Yankey-Aryeh, is calling on African leaders and private sector players to sponsor regulations that seek to sponsor women businesses on the continent. According to her, the formalisation of women-led businesses and entrepreneurship is essential to ensure that the African Continental Free Trade Agreement, AfCFTA, becomes successful. Speaking…
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Upward review of utility tariffs will adversely affect businesses – CUTS International
Civil Society Organisation, Consumer, Unity and Trust Society, CUTS International, says any upward adjustment of electricity tariffs in the country, will push businesses away from settling in the country. Their call follows a request by the Electricity Company of Ghana and the Ghana Water Company Limited for the Public Utilities Regulatory Commission to increase tariffs…
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NPA launches fuel monitoring system to seal revenue leakages
As part of efforts aimed at eliminating illicit activities associated with the transportation and effective distribution of petroleum products across the country, government has introduced the National Retail Outlet Fuel Monitoring System. The system will also help reduce revenue losses within the petroleum downstream sector. Already, data from the National Petroleum Authority, NPA, show that…