Category: Business
-
Reserve greater percentage of incentives under 1D1F for Ghanaians—PEF
The CEO of the Private Enterprise Federation, Nana Osei Bonsu has urged government to reserve a greater percentage of incentive packages under the One District, One Factory initiative for local companies so as to ensure their sustainability. Mr. Osei Bonsu stated that such a move will sustain the project and help create jobs for Ghanaians.…
-
Stakeholders in banking sector must build trust—Prof. Atuahene-Gima
Founding President of the Nobel International Business School, (NiBS), Professor Kwaku Atuahene-Gima has advised stakeholders in the banking sector to do more to build trust after the collapse of some 7 local banks. According to him, lack of trust in the banking sector can be attributed to the mishaps the sector has experienced in recent…
-
Financial Stability Advisory Council holds first meeting
The Financial Stability Advisory Council (FSC) has met for the first time almost 3 months after it was formally inaugurated by the president on February 12 this year. The meeting comes a month after Ghana successfully exited its 16th International Monetary Fund (IMF) programme. On 28th December 2018, the President of the Republic Nana Addo…
-
Republic Bank appoints Farid Antar as new Managing Director
The Board of Directors of Republic Bank (Ghana) Limited has appointed Mr. Farid Antar as the Managing Director of the Bank, following receipt of regulatory approval from the Bank of Ghana. Mr. Antar succeeds Mr. Anthony Jordan who retired from active service in April 2019. Mr. Farid Antar is an experienced Banker with over 39…
-
Barclays Ghana engages SME clients on running sustainable businesses
Over 250 Small and Medium Enterprises (SMEs) in Ghana have benefited from Barclays Bank’s tailor-made capacity building programme aimed at educating and assisting the SMEs on running sound and sustainable businesses. The Bank recently held its latest SME clinic in Tema where it engaged with importers, exporters, freight forwarders and other small business owners, equipping…
-
We’ll manage exchange rate volatilities to reduce impact on debt stock–BOG
The First Deputy Governor of the Bank of Ghana Maxwell Opoku-Afari says the central bank will among other things prioritize the management of exchange rate volatilities in the country to limit its impact on the country’s debt to GDP ratio. According to the latest International Monetary Fund (IMF) fiscal Monitor Report, Ghana’s total debt stock…
-
Government must step up efforts to curb fertilizer smuggling — Peasant farmers
The Peasant Farmers Association of Ghana has said government is not doing enough to seal its porous borders which allow smuggling of subsidized fertiliser among others to thrive. The farmer association’s statement comes after the Ministry of Food and Agriculture (MoFA) revealed that more than 50,000 bags of subsidized fertilizer under the Planting for Food…
-
ESLA PLC accrues GH¢5.9 billion in assets
The total assets accruing to the Energy Sector Levy Act (ESLA PLC) increased by 2.5% for the first quarter of 2019 compared to the same period in 2018. According to the unaudited financial statement of ESLA PLC, the figure increased from 5.76 to 5.9 billion cedis for the period spanning January to March this year…
-
IMF warns of revenue shortfall if Africa Free Trade Agreement is implemented
The International Monetary Fund (IMF) has warned that Ghana could face revenue shortfall if the country starts the implementation of the African Continental Free Trade Agreement(CFTA) this year. The IMF maintains that although the agreement will boost trade on the continent, it will affect earnings and employment opportunities in some sectors of the economy. “Our…
-
Ghana could bridge housing deficit in 7 years with latest housing tecnology– Atta Akyea
The Minister of Works and Housing Samuel Atta Akyea has said the deployment of cheap but efficient technology in building houses could see the country narrow its housing deficit in the next seven years. The use of Clever House Technology is able to reduce construction time by 80 percent as well as the cost of…