Author: Nerteley Nettey
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Stabilizing the Cedi: Gov’t urged to introduce more strategies to diversify country’s export base
Economist, Dr. Patrick Asuming is calling on government to introduce more measures to broaden the country’s export base and increase domestic production in its quest to stabilize the cedi in the long term. This comes on the back of government’s introduction of a new policy decision for the Bank of Ghana (BoG) to have first…
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UNIDO, Japan partner to promote Kaizen practices to enhance competitiveness of SMEs
Ghana’s Micro, Small and Medium Enterprises (MSMEs) sector is set to witness a major boost as the United Nations Industrial Development Organization, UNIDO, and the Government of Japan have signed an agreement to enhance competitiveness and sustainability of MSMEs. The 3.4 million dollar project is part of efforts to support the country’s industrialisation drive. Speaking…
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Palm Oil Adulteration: FDA introduces traceability system to rid supply chain of culprits
The Ghana Food and Drugs Authority (FDA) has introduced a traceability system for products in the country to help enhance food safety issues and safeguard the health and safety of the consuming public. This follows a recent survey carried out by the Authority which reveals that palm oil adulteration has now reached 23%, an indication…
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Farid Antar retires after 43 years at Republic Bank
Following 43 years of dedicated service to the Republic Bank Group (now Republic Financial Holdings Limited of Trinidad & Tobago), the parent company of Republic Bank Ghana, Managing Director of Republic Bank Ghana, Farid Antar, officially retired from active service on Thursday, July 14, 2021. A statement issued by the Bank notes that, “with a…
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AGI urges Government to speedily take a decision on Tax Exemptions Bill
The Association of Ghana Industries, AGI, is entreating Parliament to decide on the tax exemption bill which was brought before the house in 2019. The push by the Association follows calls by many stakeholders to government to put in place measures to ensure the State is not deprived of billions of cedis, especially through tax…
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IMF team concludes visit to Ghana
After a week of intense negotiations with the Government of Ghana, officials of the International Monetary Fund, IMF, have concluded their visit to Ghana. The visit which formed part of the first stage of negotiations with government, was part of efforts to assess the current economic situation and discuss the broad lines of the government’s…
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GSE partners UN SSE to boost sustainable trading
In its quest to promote sustainable development, the Ghana Stock Exchange has partnered the UN Sustainable Stock Exchange, SSE, initiative as a new member. Through this move, the Ghana Stock Exchange has solidified its commitment to transparency and sustainability by becoming a partner exchange of the UN SSE initiative. This makes the Ghana Stock Exchange…
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Importers and Exporters Association calls for improved ease of doing business
As the Finance Minister prepares to present the Mid-Year Budget Review in Parliament on the 13th of July 2022, the Importers and Exporters Association is urging government to implement more measures to improve the ease of doing business in the country. According to the Association, this will ensure economic growth and position the country to…
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IMF team meets BoG, Minister of Finance as negotiations begin
The International Monetary Fund (IMF) as part of ongoing discussions to develop a bailout program for Ghana, has deployed two delegations to hold simultaneous meetings with separate teams from the Bank of Ghana and the Ministry of Finance today. This comes a day after paying courtesy calls on the Vice President, the Minister of Finance…
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Use 2022 Mid-Year Budget to review tax exemption regime – GUTA
The Ghana Union of Traders’ Association (GUTA) has once again underscored the need for government to review the tax exemption regime to curtail revenue losses, as the Minister of Finance, Ken Ofori-Atta prepares to present the Mid-Year Budget Review on the 13th of July. According to the Association, there is a lack of urgency in…