Author: Nerteley Nettey
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Financing agric sector alone not enough to grow it – GIRSAL CEO
The Chief Executive Officer of Ghana Incentive-Based Risk-Sharing System for Agriculture Lending (GIRSAL), Kwesi Korboe, has reiterated calls for the creation of a conducive environment for agribusinesses to grow in the country. According to him, financing the agricultural sector alone is not enough to grow the sector, though it is important. His call follows various…
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Prices of petrol, LPG to fall by 4% in first pricing window of July – IES
Consumers of petroleum products, can heave a sigh of relief as the price of petrol is expected to go down by about 4 percent per litre at the various pumps in the country in the 1st pricing window of July. This is according to a recent analysis by the Institute for Energy Security (IES). This…
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Leverage crises to improve fortunes of continent – Ofosu-Dorte
Senior partner at AB and David law firm, David Ofosu-Dorte is admonishing African governments and businesses to leverage crises to improve the fortunes of the continent. According to him, this will make the continent more resilient and self-sufficient. Speaking at the Citi TV and ISSER’s Cedi Summit in Accra, David Ofosu-Dorte, noted that every crisis…
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Unilever Ghana PLC remains upbeat about future growth prospects
Managing Director of Unilever Ghana PLC, George Owusu-Ansah, has stated that it is optimistic about his outfit’s growth prospects. This comes as the company recorded an increase in revenue of about 23% for the year 2021 despite the impact of the lingering COVID-19 on businesses. Taking its turn at the ‘Facts Behind The Figures’ forum,…
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Employ targeted-subsidized systems to check macro-economic challenges – Prof. Quartey
As part of efforts to address the various macro-economic challenges facing the Ghanaian economy in recent times, Director of the Institute of Statistical, Social and Economic Research, at the University of Ghana, Prof. Peter Quartey is calling for targeted fiscal policy and subsidy interventions. This comes on the back of the continuous fuel price hikes…
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Societe Generale Ghana launches new ‘boafo loan product’ assist MSMEs
In its quest to help address some major challenges that hinder the growth of small and medium-scale enterprises, SMEs, in the country, in terms of access to capital, Societe General Ghana has launched a tailor-made package for these businesses. The product known as the ‘Boafo Loan’ product is a short-term working capital loan package designed…
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Regional economic cooperation needed to enhance Africa’s competitiveness – Bawumia
Vice President, Dr. Mahamudu Bawumia, has reiterated the need for a regional approach to enhance the competitiveness of Africa. According to him, this will help create conditions that are conducive to increase trade investments on the continent and ensure higher economic growth. Addressing the 22nd Annual General Meeting (AGM) of the African Trade Insurance (ATI)…
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National Unemployment Insurance Scheme training launched
Government has launched the Training and Retraining component of the National Unemployment Insurance Scheme (NUIS) to upgrade the skills of 15,000 Ghanaians with employable skills and facilitate their re-entry into productive sectors of the economy. The scheme, under the Ghana Cares ‘Obaatanpa’ programme, is to serve as a mitigating measure for unexpected future events such…
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Introduction of GhanaPay complements efforts to capture the unbanked into digital payments ecosystem – Veep
Vice President, Dr. Mahamudu Bawumia has reiterated calls for stakeholders within the financial sector to introduce innovative ways to capture the unbanked into the digital payments ecosystem. Delivering the keynote address at the launch of “Ghana Pay”, a shared electronic wallet product, Vice President, Dr. Mahamudu Bawumia noted that this is critical to the acceleration…
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DBG would help address market failures in Ghanaian credit markets – BoG
The Bank of Ghana has stated that the official commencement of full-scale operations of the newly launched Development Bank Ghana, DBG, would help address market failures in the Ghanaian credit markets. Speaking at the launch of the bank on Tuesday, 14th June 2022, Governor of the Bank of Ghana, Dr. Ernest Addison, noted that experiences…