Author: Nerteley Nettey
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Koudijs Ghana launches its new local complete feed to improve local poultry production
As part of efforts towards improving access to the right poultry feed for poultry farmers, Koudijs Ghana Limited has launched its complete layer feed to help improve chicken production in the country. The new high-quality feed, which is produced locally, is expected to provide farmers and their animals with the right and strictly controlled nutrients…
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Don’t sign onto Debt Service Suspension Initiative – Government urged
Economist with Databank, Courage Kingsley Martey, has asked government not to take advantage of the Debt Service Suspension Initiative (DSSI). This follows calls by some stakeholders within the financial for government to employ strategies to slow down the rate of the country’s debt accumulation. According to him, though the initiative is powerful, the move is…
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Bank of Ghana, EMTECH launches new regulatory sandbox to promote FinTechs
In line with its commitment to develop an enabling and inclusive regulatory environment that promotes FinTechs and support innovation, the Bank of Ghana in partnership with EMTECH Service LLC, has launched a regulatory and innovation sandbox pilot. According to the Central Bank, the regulatory and innovation sandbox is a supportive and controlled policy environment that…
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GCNET appeals against Labour Court ruling on redundancy pay
Management of the Ghana Community Network Services Limited (GCNet) has filed an application for an appeal against the recent Labour Court ruling that directed the company to pay redundancy compensation based on provisions in its Human Resource Policy Manual. According to them, the Labour Court inappropriately determined the matter which has been at the core…
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Ghana cedi expected to be stable for the rest of 2021
Senior Economic Analyst with Databank, Courage Kingsley Martey, is confident the cedi will sustain its stability throughout the year 2021. The cedi, which began the year selling at 5 cedis 76 pesewas, has remained strong so far against the US dollar. However, there are concerns that it could come under pressure when the global economy…
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Stakeholders call for efficient use of fishing technologies in Ghana
Stakeholders within the fisheries sector are calling on the government to pay crucial attention and invest in the fisheries and aquaculture sector to ensure sustainability. According to them, there’s the need for sustainable management of the country’s ecosystem as well as the improvement of the livelihoods of people living in and around communities in the…
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Services sector maintains dominance in 2020 third quarter – BoG report
New data released by the Bank of Ghana on developments within the labour market indicates that the Services Sector has maintained its dominance as the leading job-providing sector in the economy, accounting for 80.2 percent of total job adverts recorded during the third quarter of 2020. This compares with a share of 82.2 percent recorded…
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BoG’s indices show boost in economy’s real sector
Latest data released by the Bank of Ghana indicate that some selected real sector pointers showed progress in economic activity during the third quarter of 2020 when compared with trends observed during the same period in 2019. The relative pick-up in real sector activities was mainly due to a gradual recovery from the adverse effects…
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Government settles over 50% power debt owed IPPs
The Chamber of Independent Power Producers, Distributors and Bulk Consumers (CIPDiB), has revealed that government has settled a little over 50% of the overdue debt owed them. According to them, this leaves the current indebtedness of the government to the IPPs at about $750 million. This comes barely two months after the Chamber threaten to…
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Central Bank urged to enhance its supervisory role
Stakeholders within the governance sector have charged the Bank of Ghana to improve on its supervisory role to reduce the risk of another financial sector collapse and ensure prudential standards are strictly been followed. According to them, this will enable the Banking and Special Deposit Taking Institutions sectors as well as other banks to remain…